FDP - 1st Derivatives

[BobGe]

Y'all 'ave a gander...

http://www.investegate.co.uk/first-deri ... 00072722Y/

[SwissPaul]

aye - been in for a while and its me best performer. Was not expecting penetration into this sector - but it shows how good the KX system is.

If anything was expecting something from utility co - or akin to that type of industry - so am glad that new opportunities are coming through.

I HOLD

[BobGe]

End of month update.
FDP are now up around 15%. (£23 - 27 in round figs)
Another decent news release occured mid-month:
http://www.investegate.co.uk/first-deri ... 00143094Z/
A trading update is due early April followed by the results mid-May.
Usually the s/p ticks up into the results release given a decent trading update which would seem likely.
Of course, DYOR!

[BobGe]

Trading update:
"...the strong trading performance seen in the first half of the financial year ended 28 February 2017 continued into the second half. As a result, the Board now expects to report a financial performance for 2017 moderately ahead of current consensus forecasts of £144.3m of revenue and £27.5m of EBITDA."

http://www.investegate.co.uk/first-deri ... 00070417D/

[SwissPaul]

FD (AIM:FDP.L, ESM:FDP.I) today announces its results for the year ended 28 February 2017.

Financial Highlights
Revenue £151.7m (2016: £117.0m)+30%
Adjusted EBITDA* £28.8m (2016: £23.3m)+24%
Profit before tax £12.5m (2016: £10.4m)+20%
Adjusted** profit before tax £20.8m (2016: £16.8m)+24%
Adjusted** fully diluted EPS 61.3p (2016: 51.7p)+19%

Full year dividend 20.0p per share (2016: 17.0p)+18%

Net debt £13.5m (2016: £15.1m)


Business Highlights

- Strong growth in software revenue, up 47% as a result of new contract wins and continued penetration of the existing customer base

- Further growth and strategic progression in managed services and consulting with increased scale and broader expertise resulting in revenue growth of 11%

- FinTech revenue up 28% to £117.4m (2016: £91.9m), driven by contract wins in software and the breadth of services provided to our global banking client base

- MarTech revenue up 39% to £30.7m (2016: £22.1m), driven by the launch of a subscription-based Marketing Cloud platform powered by our Kx technology

- Strategic partnership agreement with Thomson Reuters for the use of Kx to drive the latest version of its Velocity Analytics platform

- Kx established in the retail analytics market with the recruitment of a team of domain experts

- FD named by Glassdoor as one of the top 10 Best Places to Work in the UK

- Post period end, FD signed a contract with a Fortune 500 precision engineering manufacturer for the use of Kx to analyse sensor data

- Secured a collaboration with Airbus Defence and Space to use Kx as a platform to analyse Earth Observation data

- Positive start to the current financial year.

*Adjusted for share based payments and acquisition costs

**Adjusted for amortisation of acquired intangibles, share based payments, acquisition costs and changes in deferred consideration, finance translation income/charges, share of loss on associate (and exceptional taxation for EPS)

[BobGe]

It's been a while since the last post on this one and FDP's now at circa £36/sh (roughly 35% up), pleasantly expensive and still showing promise.
There was an interesting little acquisition anounced today:
https://www.investegate.co.uk/first-der ... 00048863Y/

[Pipsmum]

Any thoughts on this share after the trade report on the 25th April 2018? It's levelling around the £37-£38 mark after being at a low of £34ish but the 200 day lag HL graphing tool still indicates a rising pattern.

FD (AIM:FDP.L, ESM:FDP.I) announces that it has continued to trade strongly in the second half of the financial year ended 28 February 2018. As a result, the Board now expects to report a financial performance slightly ahead of the current consensus forecasts of £180.2m of revenue and £32.9m of adjusted EBITDA.

Full year results will be reported on 22 May.

[SwissPaul]

Tomorrow should be Final results and the SP has shown some strength over the last couple of days leading to announcement.

[Pipsmum]

How high can this share go? Is it due a drop soon or can it continue to soar when looking at the fundamentals?

[BobGe]

How high can this share go? Is it due a drop soon or can it continue to soar when looking at the fundamentals?

"To infinity and beyond."
Sounds like you are asking for advice which I don't think anyone is in a position to offer... Do you hold?

[Pipsmum]

How high can this share go? Is it due a drop soon or can it continue to soar when looking at the fundamentals?

"To infinity and beyond."
Sounds like you are asking for advice which I don't think anyone is in a position to offer... Do you hold?

Did hold and watched it go even higher afterwards. No matter, but could have waited a mere afternoon longer to double the gain.

Sold @4261 and watched it go to 4380 that afternoon then sail up to 4660 a week later but that was the tops at the time.

[BobGe]

Much is / has been held long term. Some rebalancing has likely been necessary.

[Pipsmum]

Bought a small quantity back when it dipped again and just before the latest AGM. I've been in and out like a yoyo on this one. Of course it would have been much better to just stay in, but still sailing slightly in front so far.

[SwissPaul]

First Derivatives Wins Contract In Finnish Energy Market
by Alliance News | 16th July 2018 08:10

First Derivatives PLC said on Monday it has won a contract alongside partner CGI to develop an electricity information exchange for Finnish transmission system operator Fingrid.

Under the deal's Terms, First Derivatives will provide functionality for the new system known as Data Hub, and integrated with CGI's Central Markets System to create an information exchange for retail markets which stores data on electricity consumption.

Within Datahub itself, Kx for Sensors will provide meter data management and settlement functions, as well as handle data validation and frequent recalculations of market settlement amounts.

"The combination of CGI, with its market-leading CMS system, and Kx for Sensors creates a compelling solution that helped secure this contract with Fingrid in a competitive and rigorous process. We believe other operators in the energy ecosystem will see the advantage that the use of high performance data solutions powered by Kx can bring to transform their operations and look forward to working with them to secure these benefits," said Brian Conlon, chief executive officer of subsidiary Kx.

A good demonstration of other markets that FDP are penetrating.
I hold

[SwissPaul]

From Moorsie on another site:
Following win has not been released as a market update. But it is very significant as you can read below...
Kx selected by BroadBridge Networks to power its cybersecurity platform
31 Jul 2018 | Broadbridge Networks, cybersecurity, Kx Technology, network telemetry, Streaming Analytics
Share on:
London, UK (31 July 2018) Kx, a division of First Derivatives, announces today that its Kx technology has been selected by BroadBridge Networks to power its cybersecurity platform. The partnership provides access to the Kx technology stack, enabling BroadBridge Networks to provide streaming analytics on network telemetry at previously unachievable scale and cost.

BroadBridge Networks, based in Silicon Valley, provides a security platform which analyzes network telemetry, leveraging artificial intelligence and machine learning to provide human-centric data visualizations and security policy automation, allowing enterprises to fully secure their networks at scale, with a price point that doesn’t push feasibility beyond reach. BroadBridge Networks’ solution uses an intent-based networking approach that enables organizations to secure their entire network and have full visibility of communication between all of their assets.

Kx technology is optimized to analyze time-series data in real time, and is built upon kdb+, the world’s fastest time series database. This enables BroadBridge Networks Marathon and Centry products to store and analyze network telemetry (i.e., flows, packets, and logs) at network speed, allowing security and IT personnel to have full visibility, analyze all traffic and leverage security policy automation, in a single affordable and scalable platform.

The combination of Kx’s technology and BroadBridge Networks’ cybersecurity expertise provides a unique advantage by significantly increasing the speed and performance of data analysis and the ability to provide real time actionable recommendations and automation.

Kelvin R Franklin, CEO, BroadBridge Networks: “At BroadBridge, we saw the significant need for a more mature, easily accessible, and streamlined analytics platform in the cybersecurity market, which is precisely why we have chosen to partner with Kx. Because Kx technology is scalable, simple and fast, it is the perfect fit for our forward-thinking solution.”

Brian Conlon, CEO, Kx: “We are delighted that BroadBridge Networks has chosen Kx to power its disruptive network security platform. This agreement further demonstrates how Kx technology continues to be a key enabler of disruption across many industries.”

From my POV another win in anothwer market for FDP (I Hold)

Moderator Message:
Awaiting attribution link from poster. - Chris

[BobGe]

Stems from the Company's website:
https://www.firstderivatives.com/news/k ... -platform/

[Pipsmum]

With all this positive news about this share. Why the catastrophic share dip do you think? Is it just the state of the general markets?

[SwissPaul]

The full bear case is now available on Shareprophets.com.
But I understand its pish and waffle and not worth the subscrition, however it is a bear raid and if your going to be a bear - then be a grizzly!

I own and am topping up at this level - expect the smell of burning Ursus arctos either by the end of the week or early next week.

best wishes
Swiss

[SwissPaul]

I anyone is concerned about a bearish smell knocking about, this my be part of the reason:
First Derivatives Signs OEM Deal With South Korea's BISTel
by Alliance News | 17th October 2018 09:31

First Derivatives PLC said Wednesday it has signed an original equipment manufacturer deal with South Korean smart manufacturing firm BISTel.
The deal will see First Derivatives' Kx database used in BISTel's sensors and First Derivatives' kdb+ used in BISTel's product line.
"This is a further important contract win for Kx in the industrial internet of things, reflecting our growing presence in this market and our technology lead," said Brian Conlon, chief executive of First Derivatives.
First deployments are expected in the first half of 2019.
Kx will be used as a technology to "store and analyse" volumes of sensor data within BISTel's "real-time, adaptive intelligence applications".
Conlon added: "Kx provides higher performance, greater scalability and lower total cost of ownership than competing solutions and we are engaged in multiple conversations across manufacturing, and other industries, with potential customers attracted by these benefits."
First Derivative said the agreement was reached after "a number" of proofs of concept, including direct comparisons with potential competitors.
The AIM-listed software services company expects the agreement to "facilitate direct discussions" with the "world's leading manufacturers".
Shares in First Derivatives were up 6.2% Wednesday at 3,240.00 pence each.

Can I also add:
AIM Awards
Best technology

This year: First Derivatives (FDP)

Last Year: IQE (IQE)

First Derivatives supplies consulting services and Kx software. The company has been increasing its stake in California-based Kx Systems and moved to a majority position in 2014 and will own 100% by the middle of next year.

Kx provides software for high volume, data analytics. First Derivatives has been selling the Kx software to its financial sector clients for years, but it also provides an opportunity to broaden the customer base. More recently, the launch of a subscription-based version of the company’s Kdb+ software will further expand the range of customers that can use the product.

The interim figures will be published on 6 November.

Yes it also comes in threes:
Entrepreneur of the year

This year: Brian Conlon, First Derivatives (FDP)

Last Year: Mahmud Kamani and Carol Kane, Boohoo (BOO)

Brian Conlon won this award to add to First Derivatives’ winning of the best technology award.

Conlon founded First Derivatives in 1996. He has a background in capital markets prior to founding the business.

Earlier this year, the company was capitalised at more than £1 billion, but a slump in the share price has reduced the market value to around £700 million. This is not an unusual share price decline, because other winners have been hit by sharp falls in recent weeks.

I hold - and have added

[SwissPaul]

Revenue £105.6 m ( H1 201 8: £87.8 m) + 20 %
Gross profit £43.9m (H1 2018: 36.3m) +21%
Adjusted EBITDA* £ 18.1m (H1 2018: £16.1m)+12%
Profit** before tax £ 7.6m (H1 2018: £6.3m)+20%
Adjusted** * profit after tax £10.6m (H1 2018: £9.2m)+15%
Adjusted***fully diluted EPS 38.7p (H1 2018: 34.4p)+13%
Reported diluted EPS 21.7p (H1 2018: 17.1p)+27%
Interimdividend 7.7p per share (H1 2018: 7.0p)+10%
Net debt £24.2m (FY 2018: £16.2m)

Burnt Bear anyone?