Fd Technologies Public Share Discussion Threads

[moorsie2] 28/10/2018 20:40

I see that IBM are paying 33.4bn for Red Hat Inc. That is over 11 times revenue of expected next results For a company with no propriatory software!

What does that say 're FDPs value!?

[skatersav] 26/10/2018 21:20

I’ve only just discovered this forum. That’s why I haven’t been here before. I’ll pribably leave you all alone soon. Be careful with this stock though. Read the share price stuff carefully and make your own mind up.

[moorsie2] 26/10/2018 16:35

Haha very good

[skatersav] 26/10/2018 15:34

I have mutiple personalities, but they share the same login to Advfn. :)

[moorsie2] 26/10/2018 13:26

You seem extremely well informed on AIM and shorting for someone who only created a profile in Sept 2017 and who has only posted on 2 companies....

If one was cynical one would suspect you to have multiple profiles...

[ds8095] 26/10/2018 12:41

I don't mean to be pointed, but here's the thing... and by the way, I'm being careful with my language here... It's primarily a services company with a forward multiple of 36x earnings (based solely on AIM market IB research!). The accounts present evidence of aggressive accounting and a history of unusual related party transactions. Its track record of cash generation is poorer than I would expect, it has a surprising relationship with its auditor of 20 years, and its balance sheet looks a little stretched to me. And we are most likely in the middle of a bear market - capital markets are probably closed to new equity issues for a while. This is an AIM listed technology company with 4 months of receivables - Do some digging through the annuls of history and you will find that combination of factors to be a leading indicator of poor shareholder returns. So, yeah, given all that, I'm short. I've also done a lot of digging into its end market, and my personal view is that the opportunity set for the kdb+ language is much more smaller than perhaps some investors think.
PS. A friendly tip for you: when your AIM listed investment goes through the billion dollar market cap level, wrap your head in a cold towel and rerun your analysis. It's about that level that short sellers start to take interest and they tend to be diligent in the extreme when it comes to their analysis.

[moorsie2] 23/10/2018 09:13

Are you shorting skatersav? At this price?

[skatersav] 22/10/2018 21:13

hopefully T Rowe Price buy more. They lend out their stock.

[moorsie2] 22/10/2018 14:38

I think the directors have already a large stake in this. I would prefer to see an Institution take a disclosable position or increase a stake significantly

[flybyknight] 22/10/2018 14:30

Some director buy would be good now

[moorsie2] 19/10/2018 08:10

Significant holders yes - and class actions too for smaller holders.

[skatersav] 18/10/2018 21:14

Do you think investors will sue the auditor of Patisserie Holdings? Genuine question.

[moorsie2] 18/10/2018 17:34

And no I do not believe many large companies are corrupt to the core.

I believe they are driven obsessively by profit generation and profit growth and long may that continue. But such obsession is controlled by the rule of law and scrutiny of published accounts by global audit firms who are sued if they fail investors.

[flybyknight] 18/10/2018 16:40

" many large companies " is what said
You slant my words

" scrutiny of global audit firms "

Do you believe in santi and tooth fairy still much

[moorsie2] 18/10/2018 16:27

No I don't

I am keeping an open mind until I hear and read the company's half year results and commentary

I do not accept that companies are inherently corrupt. I believe in business ethics and standards and the scrutiny of global audit firms.

[flybyknight] 18/10/2018 16:13

clearly share profit people have an axe to grind

despite what anyone say the accounting mishap is at best odd

it unlikely anything sinister would be left so easy to spot
audit and finance team more probably let ball drop if it an actual issue

Moorsie read fact many large companies corrupt to core team
asking questions is what make thing honest

either way Moorsie do you agree it takes away somewhat from earnings ?

[skatersav] 18/10/2018 12:53

Thanks for the advice Moorsie. It raises a question in my mind, however: If a company’s executives overtly reject basic principles of corporate governance, such as rotating ones auditor, why would you not question them?

[moorsie2] 18/10/2018 12:12

Be careful if you are calling into question here the honesty of the directors and or the global professional services company....

[skatersav] 18/10/2018 12:07

Yes, they will have been signed off by KPMG Belfast, their auditor of 20 years... has anyone ever heard of the Cadbury Report?

[skatersav] 18/10/2018 12:05

That’s not technically true. They are yet to complete the transaction, although it has now been agreed. Still, they didn’t own 100% during any of the previous 3 years.