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Share Name Share Symbol Market Type Share ISIN Share Description
First Derivatives Plc LSE:FDP London Ordinary Share GB0031477770 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  30.00 1.18% 2,580.00 2,560.00 2,590.00 2,595.00 2,550.00 2,570.00 2,469 12:03:54
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 237.8 18.3 55.9 46.2 705

First Derivatives Share Discussion Threads

Showing 4801 to 4825 of 5100 messages
Chat Pages: 204  203  202  201  200  199  198  197  196  195  194  193  Older
DateSubjectAuthorDiscuss
22/12/2018
03:47
In that case, sorry about your Jan but do have a wonderful Xmas.
glavey
21/12/2018
10:27
Not sure on why joining yesterday is of note My post was pretty direct
ezram
21/12/2018
05:13
Err..., you are south of the equator? ¯|_(ツ)_/¯
glavey
20/12/2018
20:50
Oh guru of knowledge please lead us to your supposition - erm noticed you joined today - welcome aboard
swiss paul
13/12/2018
14:52
'Quantum security start-up raises over £2m in investment....'
mw8156
13/12/2018
12:36
Link please MW
swiss paul
13/12/2018
11:58
see kx division of FDP has made an investment in Univ Bristol spinout Kets Quantum
mw8156
06/12/2018
13:35
I’m not trying to create an association. If it appears that way, then I apologise. However, high receivables relative to sales is a red flag. And also, separately, blue chip customers are not proof that a company is entirely legit. I think those two statements are clear and i can’t see how they can be rationally disagrees with. As for what proportion of the receivables are trade or otherwise, in either case they have been booked to income and so it’s something of a moot point.
skatersav
06/12/2018
06:31
skatersav, Very well, but that's not what you wrote though, is it. (And are seemingly still trying to create an association...) I'll take the ultimate comment as well meant, as I'm sure you wouldn't resort to sarcasm. Whilst you popped in here after you discovered a short position (AIUI) I, for one, am happy to read your pertinent arguments.
glavey
05/12/2018
19:35
No that's not correct. The £68m is not just trade receivables. Unfortunately for the interims we are not given a breakdown of receivables but my point is proved by looking at the annual accounts - the equivalent figure includes more than trade receivables as per note 20, things like accrued income, prepayments and grant income receivable which look reasonable to me (You think otherwise?) So your "4 months" is a completely meaningless number.
valhamos
05/12/2018
18:38
I see £68m at the half year. 58 current, 9.8 Long term. Vs 200m odd sales, on a ttm basis. That’s basically 4months. “Glayvay”; claimed that blue chip customers wouldn’t buy from a disreputable company (or something to that effect). I simply pointed out that Autonomy had blue chip customers... and similarly had large receivables.
skatersav
05/12/2018
16:03
Long term receivables - £6.279m are not going to be trade receivables. You can see this from note 32 where total trade receivables is stated as £40.911m gross with impairment of £2.982m giving the £38.2m mog quoted from note 20. The debtor position seems quite reasonable to me. Where does Autonomy come into this? I had a position in this for a number of years a while back. Starting to be interested again.
valhamos
05/12/2018
15:02
You’re missing long term receivables.
skatersav
05/12/2018
09:34
Trade receivables were £38m in 2018 out of £186m revenue so 2.5 months, reasonable to me. From the 2018 accounts notes "On larger contracts revenue is invoiced in line with the terms of the contract with revenue recognition occurring on client acceptance that non-refundable milestones have been achieved." We all have to decide whether to believe what we read, I don't see any more reason to disbelieve these people over anyone else running a public company.
mog
05/12/2018
06:53
Well, I was actually referring to Autonony, for which one exec is now in jail. However, I would note FD has a similar level of days sales outstanding (4 months). Good luck with this one, Glavey. You all really sound like you know what you’re taking about, so I’m sure it will work out for you. :)
skatersav
04/12/2018
21:08
swings and roundabouts eh nsss (thnaks for the link) Why I Like First Derivatives plc (LON:FDP) Pam Parks December 3, 2018 Building up an investment case requires looking at a stock holistically. Today I’ve chosen to put the spotlight on First Derivatives plc (LON:FDP) due to its excellent fundamentals in more than one area. FDP is a financially-sound , dividend-paying company with a an impressive track record of performance. In the following section, I expand a bit more on these key aspects. For those interested in understanding where the figures come from and want to see the analysis, take a look at the report on First Derivatives here. Excellent balance sheet with proven track record and pays a dividend Over the past year, FDP has grown its earnings by 35%, with its most recent figure exceeding its annual average over the past five years. Not only did FDP outperformed its past performance, its growth also exceeded the IT industry expansion, which generated a 3.7% earnings growth. This is an optimistic signal for the future. With a debt-to-equity ratio of 27%, FDP’s debt level is reasonable. This implies that FDP has a healthy balance between taking advantage of low cost debt funding as well as sufficient financial flexibility without succumbing to the strict terms of debt. FDP seems to have put its debt to good use, generating operating cash levels of 0.53x total debt in the most recent year. This is also a good indication as to whether debt is properly covered by the company’s cash flows. (lifted off wall st) Ta -
swiss paul
04/12/2018
03:26
skatersav, I believe your understanding is flawed and your argument clichéd and simplistic. Were's your support to imply they are booking revenues too early.
glavey
03/12/2018
23:41
simplywall.st gives 17 a fair price hxxps://goo.gl/GWXefK
nsss
03/12/2018
21:13
Sav what price does Matt Earl say then?
swiss paul
03/12/2018
11:49
sale on Friday does not look good expected another drop this day
flybyknight
03/12/2018
10:55
Twilo hits a hundred dollars and this is having collapsed more than 65%. Some heads need to roll
badger36
01/12/2018
16:02
Because they want the corporate finance work.
skatersav
01/12/2018
15:36
Any reason why analyst keep re-iterating a buy?
nsss
01/12/2018
12:51
Glavey, Customers want to know that a supplier can supply the service as agreed. In the case of FD, this service will primarily be the supply of young people on temporary contracts to various technology and financial markets roles. However, clients won’t care whether FD subsequently describes itself as a high flying software company to its investors. They also won’t care if FD employs aggressive accounting, invest in speculative start ups, create innovative related party structures with the apparent effect of inflating revenues, or pursue appalling governance practices. Most importantly, they won’t care if FD’s shares are overvalued. It was the same with Autonomy. Their customers didn’t care that they were booking revenues too early - they wouldn’t even know.
skatersav
30/11/2018
23:58
Trade today was mark as on offer Don’t agree with smell comment Just hard look at view of value plus risk But moorsie is ok on one point Company well manage and run Just over values Interested to see which fund sold holding Still think entry point 13 or 14
flybyknight
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