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 Shares Traded Last Trade
  -30.00 -1.03% 2,875.00 21,691 16:29:56
Bid Price Offer Price High Price Low Price Open Price
2,860.00 2,880.00 2,975.00 2,855.00 2,870.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 237.79 18.25 55.90 51.4 795
Last Trade Time Trade Type Trade Size Trade Price Currency
17:55:30 O 189 2,890.85 GBX

First Derivatives (FDP) Latest News (5)

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First Derivatives Investors    First Derivatives Takeover Rumours

First Derivatives (FDP) Discussions and Chat

First Derivatives Forums and Chat

Date Time Title Posts
23/2/202114:00First Derivatives - deriving growth and profits5,155
22/8/201020:25FDP - Moorsie Thread1
29/10/200912:16FDP - EXplosive stock8
08/1/200714:25First derivatives charts and news 20052
10/3/200623:29If its good enough for him...............1

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First Derivatives (FDP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-03-01 17:57:552,890.851895,463.71O
2021-03-01 17:39:282,900.29258.01O
2021-03-01 17:11:092,881.272306,626.91O
2021-03-01 17:02:562,934.52932,729.10O
2021-03-01 16:53:562,889.668231.17O
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First Derivatives (FDP) Top Chat Posts

First Derivatives Daily Update: First Derivatives Plc is listed in the Software & Computer Services sector of the London Stock Exchange with ticker FDP. The last closing price for First Derivatives was 2,905p.
First Derivatives Plc has a 4 week average price of 2,770p and a 12 week average price of 2,770p.
The 1 year high share price is 3,625p while the 1 year low share price is currently 1,700p.
There are currently 27,656,757 shares in issue and the average daily traded volume is 29,447 shares. The market capitalisation of First Derivatives Plc is £795,131,763.75.
asagi: well, the balance sheet is going to look a lot better after they got this sale away before year end. Asagi (short FDP)
moorsie2: New brand identity and website. Completely distinct from FDP.... can see thedirection of travel here to maximise shareholder returns....
badger36: Wow this sure is disappointing on such a big day on the markets. Looks like they can't even develop an interest in the investment community even the possibility of a buyout is discounted in a sector that is ripe for such FDP management really are second rate
asagi: Sorry if I'm boring you all but it appears that new forecasts, issued in the aftermath of these results, are now hitting the data aggregation services. We now have Year to Mar 2021 EPS: 59.1p Year to Mar 2022 EPS: 76.7p so that's a decline in EPS forecast for the current year, followed by a similar percentage increase as was long forecast (albeit to a lower target). If the 2021 forecast is delivered that would give delivered (normalised) EPS for three years of: 2019: 59.3p 2020: 60.1p 2021: 59.1p for this (and no dividend) we are being asked to pay 51 times 2021 earnings and 39.4 times the 2022 forecast. What of that 2022 EPS forecast of 76.7p? This time last year it was 107p per share. Yet the shares are up around 35% in the last 12 months. Asagi (short FDP)
glavey: It was always that FDP runs up and then falls at results. The divi is insignificant and it's sensible not to declare one at this time.
asagi: Growth at First Derivatives was stalling before the pandemic. The year to March 2020 saw 10% revenue growth, 13% net profit growth and just 1.3% normalised EPS growth. Respectable, but not what we require from such a highly rated company. I'd suggest taking a look at Craneware (CRW) as a comparison. Hard to conclude anything other than First Derivatives being expensive at today's price. Asagi (short FDP) -- edit: thanks for discussing fairly, I'm not trying to panic people into selling for my own benefit, just with a different view on the stock
moreearl: Asagi - you highlight an interesting point - which is how are they defining 'medium term'. I do agree with you - that P/E ratio could look heady depending on how we view this medium term. For me, its more about replicating the investment banking penetration into other sectors which would make MY medium term look very exciting (assuming FDP aren't bought out). I could easily see one of the big consultancies thinking about the cross-sell and customer acquisition advantages of buying FDP outright and drooling...
asagi: very fair points being made here. Let's look at last year's interim results statement: confidence in the achievement of full year results in line with consensus forecasts this morning: outcome for the full year remains uncertain, with a wider range of possible outcomes than is typical my reading: 'we might end up making a lot less than you all currently think' anticipate our high level of repeat and recurring revenue will underpin our performance for the full year my reading: 'it won't be a complete disaster but we likely won't see growth either, or we'd be suggesting so' excited by the growth opportunities in the medium term my reading: 'it could be awhile yet before we are able to report growth' While today's statement isn't a profit warning it is a clear steer that there is little probability of earnings growth in the short term. How does that square with current forecasts? Today we have been told that EPS for the first 6 months of the year is down 10%. For the full year, EPS is forecast to rise 2%. Does today's statement on current trading give you confidence that the shortfall can be made up? The following year, a 30% increase in EPS is forecast but there is absolutely nothing in today's statement that I could find to help me understand where this increase might come from. This time last year, consensus EPS forecast for 2021 was 97p per share. Today it is 61p per share. In that time, the 2022 forecast has declined from 107p to 80p. These are substantial falls. The rating is way over the top here. Still no dividend. Asagi (short FDP)
moorsie2: Tata group flagship firm Tata Consultancy Services (TCS) on Thursday became the most-valuable information technology (IT) company globally, surpassing rival Accenture for the first time.  At the last closing price of Rs 2,825, TCS was valued at $144.73 billion (Rs 10.6 trillion). Accenture is currently valued at $142.4 billion, while IBM’s market cap is $110.5 billion.  TCS now is much more richly-valued with a price-to-earnings (P/E) ratio of 34x compared to Accenture’s Interesting re partnership with FDP /Kx
mach100: YW Mal. I always like to see a Mal content. The badger may well have a nose for troubled shares but this has recovered from the post results dip. Tech shares have to be more attractive in a Post Covid world and althogh the share price is admittedly choppy a fair wind in the marKets could see FDP rise up to £30 plus once again.
First Derivatives share price data is direct from the London Stock Exchange
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