Fd Technologies Public Share Discussion Threads

[bootycall] 06/3/2019 20:23

I have just watched the capital markets presentation via the Company website. Very impressive. Having met the management of this Company a few years ago I was surprised that they found themselves subjected to a bear raid. First Derivatives has highly regarded management and was one of the stocks I always wanted to own... but it was always too highly rated. Thanks to the bear raids I have bought in at £21.40-£22.10.
Their product is vastly superior to their competitors. Their client base is about as blue chip as it gets. Sales in new verticals have been hindered to begin with by extended procurement cycles, particularly in the utilities space and because many of the first projects in these new verticals were proof of concept which are now leading to full scale implementations. Normally I would be the first to agree with posters being cynical about cash conversion ratios and accounting for associate companies...but I think in these particular circumstances the shorters are missing the point. Still, they have made their money and now I will have the chance to make mine. Once a technology like Kx is utilised cross platform in different market verticals I see little point in trying to account for it separately. Asking for 10 years accounts for a business which has been fully integrated as a core technology platform seems naive. I doubt it would allow FDP to optimise tax planning and allocation of R&D budgets will have substantially distorted any comparisons in any event. GLAH

[ds8095] 06/3/2019 17:53

Is there a petition against the rampant corporate misbehaviour on AIM?

[badger36] 06/3/2019 10:46

If companies performed in line with their forward looking statements and delivered the shorts would not exist. They smelt puffery and were proven correct. FDP had plenty of opportunities to address the allegations by TW and failed. Silence equates to guilt

[dgduncan] 05/3/2019 23:08

If any seasoned investor feels that shorting is unethical then please sign and share this petition :

[badger36] 20/2/2019 15:00

There she blows Looks like TW was correct after all. CMD was nothing but a bluff exercise

[badger36] 18/2/2019 16:25

Looks like another big slide after the vaunted CM day. No clarity leaves a smell which is now becoming rancid.

[skatersav] 15/2/2019 18:30

Harry Nimmo has a blind spot. He was a big holder of Globo and, more recently, a major shareholder of Accesso. Good luck leaning on his “weight”.

[swiss paul] 13/2/2019 21:00

Standard life vote of confidence?
Resulting situation on the date on which threshold was crossed or reached


10.00


0.00


10.00


26,162,258

Position of previous notification (if

applicable)


9.48

[simonadvfn2] 12/2/2019 21:54

Closing the sale on kx is key. It essentially locks in the financial sector given have embedded the technology is in most banks/hedge funds electronic trading. What you might see is First derivatives becoming a subsidiary of a much larger corporation which little to no exposure to the financial industry..It is very clever to partner and migrate solutions to the cloud as this immediately will dissolve all attempts by other promising technologies thinking they can reduce the cost with minimal impact on performance. Capturing a trillion row database on a few hundred servers crunch data for millions of queries and computing complex view in sub ms will not be something an investment bank will want to gamble on by changing tac. It's here to stay, and the prospects are large. Don't get washed up on hear say from the local circus

[0xff] 10/2/2019 19:50

“could kx be copied“? yes! everything in the world can be copied. even Hallstadtt was copied.

but then, half the kdb+ (kx as they call it now) is in clear and anybody can download and look at it. and good luck as you're going down that rabbit hole as it is not for the faint of hart.

that page is just "marketspeak" but not wrong at all.

[ezram] 08/2/2019 13:14

Because they don’t want to expose the revenue split between body count and software.

The slides on “could kx be copied“ do not inspire confidence either.

[skatersav] 08/2/2019 09:29

They said it would be a “meaningless exercise” to release the financial accounts of the Kx sub!

How can that be meaningless?! It was the entire focus of the CMD and is clearly profitable, paying out £3m a year to the minorities. How can it be meaningless to disclose the economics of that subsidiary?

This company’s governance is truly insane.

[ezram] 07/2/2019 21:29

Let us see how we can all read the same document and take different conclusions

I wonder did TW get his questions asked

[eagle eye] 07/2/2019 17:51

First Derivatives Investor Day Presentation:
102 pages, happy reading.

[simonadvfn2] 07/2/2019 17:04

Any info from the capital markets day

[ezram] 06/2/2019 17:32

The fact that they will lend money is a good sign.
The rates are not on particularly good terms.
It is bad news that such an overdraft is being asked for imho.
What else is planned to be obtained?
I have seen zero vetting on the value of previous purchases.

[sspurt] 06/2/2019 11:34

Fair point. Confirmation bias and all that.
I don't have any faith in banks as it happens but they usually have access to financial information denied to investors, at least at a more granular level anyway.
FDP need to pay for the o/s balance due on Kx in June.
Not sure the CMD will answer specific questions re numbers. They usually are pitched around strategy etc

[aa29] 06/2/2019 09:10

Seems good news but you have too much faith in banks. Bankers are more driven by business/sales targets and the fees involved. Ask too many awkward questions and another bank will get the business.

As for putting their own money on the line, surely it's someone else's money?

[mog] 06/2/2019 08:55

Yes this is a big vote of confidence from organisations who would have looked in great detail at their finances and prospects, and have put their own money on the line.

[sspurt] 06/2/2019 08:36

NB Banks don't charge LIBOR +2-3% on £130m if you have cashflow and balance sheet problems. These are IMPROVED terms.