Fd Technologies Public Share Discussion Threads

[jbmytrade] 05/10/2018 13:30

"I saw these boys in Newry. Would rather invest in Friar Tucks"

>> Best chicken burgers and shakes in the town. Id take a punt if they went public.

[malcontent] 05/10/2018 12:17

well I've been burned before once a company falls from grace- I've held some to recovery and then some and I've also held and seen my value eroded or destroyed

chart-wise, we are testing £35 now and over the next few days

pointless selling now until I see if £35 holds

nasty bear-raids are a feature of the market at present, especially in high-flyers

[painter] 05/10/2018 12:14

Owned these since £15. Their products are exceptional in my view and the markets they appeal to will paid heavily for them. Sold a few at £41 as I am not convinced of their vision going forward. T/O target at this price. The next leader in the big data world if they can pull off their current strategy.

[flybyknight] 05/10/2018 10:54

Well each to his own. We are both in the same boat. I just hope its not the titanic.

[volsung] 05/10/2018 10:53

I saw these boys in Newry. Would rather invest in Friar Tucks

[moorsie2] 05/10/2018 10:49

Lets see - I do not re-evaluate 12 years of positive track record of this company with 2 days of market volatility.

At these levels it is only back to the levels of Oct 2017! So not a catastrophe

The ball now passes to the company management

Lets see how they address these points and concerns in the upcoming half year results

I will continue to add. Maybe I am suicidal... :)

[flybyknight] 05/10/2018 10:41

My point on transparency is coming to light. Moorsie you blind faith is astonishing. A "rare buying opportunity"? Suicidal might be a better word? With so many red flags its not in the short term.

"Justice must be done and be seen to be done". The company numbers are not straight forward presented. That is not to say dishonest or wrong but its possible to justify all valuation on those alone

I am still holder, and buy more when this storm passes if over correction as I think + news is coming, but case for taking a profit and caching in getting hard to ignore

[sspurt] 05/10/2018 10:37

You don't have 19 out of the 20 largest global banks as clients if you are a fraud.

[bootycall] 05/10/2018 09:44

skatersav . just for the record, I would agree with Matt Earl on some of his calls but definitely not this one. Opodio...I was warning people about that Rob Terry and Quindell long before everyone jumped on the bandwagon.
I am slowly familiarising myself with the note, but I have also just read the Liberum update, which provides a logical explanation for how FDPs software margins are mid range for the sector once you strip out consulting revenues. If this is the case then the central argument of the bear raid disappears. Liberum also deals with several other points, although I in my opinion the relatively modest investments in joint ventures will require further disclosure from the Company to allow a complete sign off.
Personally I have been very impressed by the management of FDP and the quality of their client list.

[skatersav] 05/10/2018 09:11

Matt Earl called Connaught a failing business and nearly lost his job for doing so. It subsequently went bankrupt. He was the first to move to a Sell on Carillion, years before it went under. He called Globo a fraud, and Tungsten Corp a failure... Before writing off his analysis, maybe you should read it, absorb it and then decide whether you want to own these shares at this price. Cold towel etc.

[moorsie2] 05/10/2018 08:36

Liberum this morning reiterates its buy and 5300 target.

The fight back starts

05 Oct 18 Liberum Capital Buy 3,425.00 5300.00 - Reiterates

[moorsie2] 05/10/2018 08:29

it is both.

It is on the island of Ireland and UK registered and domiciled. This is the essence of GFA - people in N. Ireland can be British or Irish or both depending on them.

Nationalism is such a narrow dangerous thing

[mw8156] 05/10/2018 07:57

can't agree; their software is world leading, is it not and this is a UK company.

[opodio] 05/10/2018 07:55

Sickening read

Quindell mk.2

Irish company too

[windsor430] 05/10/2018 07:48

Bootycall - I don’t disagree - but one thing you won’t see from a shorters 40page report is balance.

[moorsie2] 05/10/2018 07:21

Surprised not to see a notice of results announcement out today.


I agree that the report reads like a bearish hatchet job. Only one way to hurt this agitators is to release strong news and results..

[bootycall] 05/10/2018 02:23

windsor430 I believe that four gentleman at KPMG were admonished in 2015 for their individual tax affairs resulting from a cross border property investment. What has that got to do with FDP ? The bears draw attention to the fact that FDP has not changed its auditors for 19 years. This is a reasonable concern since it is not following "best practice" but in all my personal dealings with KPMG, I have found them first rate. The fact that Brian Conlon trained with them donkeys years ago is pretty irrelevant given that he spent the rest of his career at Morgan Stanley and Sunguard before starting up First Derivatives in 2006.

Then we have the revelation that FDP as a Northern Ireland Company has received grants above the line...whooooaaaaaa STOP PRESS ...what a revelation. As for the property exceptionals they were clearly reported as such, at the time and all the analysts would have ignored them in calculating normalised numbers. They are also not applicable to the last three years trading. Had FDP massively changed their amortisation and capitalisation policies recently I would also be wary...but I see that capitalised costs are still being expensed from several years ago offsetting most of the benefit of this years charge .

What, in my opinion, I would have liked to see from this report...is balance. I may be wrong but I cannot remember reading any real explanations being offered from FDP management towards any of the issues raised...which leads me to question whether the analyst sought appropriate answers from a the Company or preferred to speculate on the bearish tack. Time will tell who is right. In the ensuing melee the shorters will profit no doubt.

It is worth noting that FDP has sacrificed short term profits to build a long term pipeline. It takes well paid consultants away from billable work so that new verticals can be established by way of new ventures.Somehow this leads the bears to float the question of whether there has been any vendor financing orders from the new ventures , but why not just get the facts from the company to put the record straight . Also it has to train huge number of graduates each year who do not apparently make a meaningful contribution until the end of their first year. I assume FDP has just moved into its closed season so will be unable to put the record straight. At least we know know the direction of travel thanks to a press release a few days ago.





Maybe I have missed the point but if software sales were somehow disappointing why are they currently trying to recruit 400 people. It’s all above my pay grade.

[windsor430] 04/10/2018 20:02

I hold FDP - but the report did make me stop & think ie about the KPMG links & loyalty (didn’t know), the investment vehicle (didn’t know), consultative roles (have seen this myself - but didn’t put me off), lower R&D expenses (again known, but new slant). Have been surprised there’s been less debate about it on here today. IQE attack felt more coordinated & based on an already high shorting strategy.

[moorsie2] 04/10/2018 17:52

I am expecting the company to come out with a statement to morrow or Friday announcing 1st half trading update and date of results.

Otherwise this can and will fall further due to fear

But I am not selling 1 share. This is a rare buying opportunity

[bootycall] 04/10/2018 17:36

Windsor430...IQE is completely different but thank you for the heads up. If I had not met the management of FDP several times in recent year I might fall for this type of bear raid. Appreciate the price may fall further because of a “ derating” but equally worried I will miss my chance of getting on board. FDP is one of those rare companies that consistently beats its numbers although I am expecting a stronger 2nd half. DYOR

[windsor430] 04/10/2018 16:57

Expect a coordinated attack in the next two weeks. A report or two by an analysis firm. That’s what followed ShaowFalls bear report on IQE & look at it now.

[bootycall] 04/10/2018 16:39

Yes, the stock has been fully valued... but I have been waiting for it to get to an acceptable buying level for ages. Today I finally started a position. Thank goodness for the bear raiders . This is probably my quality pick of the sector. DYOR I often take opportunistic positions which I trade repeatedly. GLA

[moorsie2] 04/10/2018 16:16

I think the negative bear analysis is quite poor.

Lets see how management responds in the coming days and weeks with results

[mach100] 04/10/2018 15:46

Certainly getting hammered today! Not spooked into selling but in fact would add more if I could.

[moorsie2] 04/10/2018 14:11

exactly - full bear run is on now!