George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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"The domain knowledge and technical capabilities of our professional services teams leave us ideally placed to design and manage the hosting of this solution and to partner with ASIC in developing analytics to help maintain efficient and orderly markets." ASIC said the system would help interrogate data and monitor market activity as the complexity of the market grows with the increased use of technology and the faster and higher volume of trades. First Derivative, which has a market capitalisation of £89.01m, has operations in London, New York, Stockholm, Shanghai, Singapore, Toronto, Sydney, Dublin, Newry and Hong Kong.
First Derivatives has signed a multi-year annual software licence with the Australian Securities and Investment Commission to provide a new market surveillance system, the company reported Thursday. The Irish-based provider of software and consulting services will implement its Delta Stream, a market data capture and analytics platform. The Australian government body will use Delta Stream to meet its statutory obligation to oversee the country's licensed financial markets. The platform, which was launched in 2008, will help monitor any prohibited market trading across the range of asset classes and products. The system screens different asset classes including equities and fixed income and analyses large data volumes using a single platform. First Derivatives Chief Executive Officer Brian Conlon said: "We are delighted with the decision by ASIC to use Delta Stream as their chosen platform for market surveillance. Delta Stream will allow ASIC to quickly respond to evolving market regulations, the introduction of new products and projected increases in data volumes.
First Derivatives (FDP) Director name: Mr Keith MacDonald Amount purchased: 10,000 @ 535.00p Value: £53,500
Any idea why this massive spread is in place?
11/6/2012 2:42 AM ET First Derivatives plc (FDP.L), leading provider of software and consulting services to the capital markets industry, announced its results for the six months ended 31 August 2012. Profit before tax was 3.47 million pounds compared to 3.40 million pounds prior year. Normalised Pre-tax profit increased to 3.8 million pounds from 3.5 million pounds last year. Profit for the period was 2.81 million pounds compared to 2.66 million pounds last year. Basic profit per share was 16.7 pence compared to 16.3 pence prior year. Revenue increased to 27.60 million pounds from 22.38 million pounds last year. David Anderson, Chairman of First Derivatives commented: "The first six months have seen continued strong growth across the Group's activities with total revenues up over 23%. To fuel this growth we have continued to make substantial investment in the development of all the Group's activities to ensure we have a strong organisation that can react to the market through the quality of our product and service offerings. This investment has resulted in us signing a number of contracts during the period which will start to become revenue generating in the second half and we have a healthy pipeline of prospects. Despite a background of market turbulence we expect to report profits for the year in line with market expectations." The Group said it continues to generate strong operating cash flow and this allows the Board to recommend an interim dividend of 3.1 pence per share.
DYOR (and not investment advice), but EV/EBIT, EV/Sales and p/e all look attractive to me - relative to AIE, GHT or Nasdaq stocks
First Derivatives: Merchant Securities reiterates buy rating and 605p target.
What I don't fully understand is the affect of having such a small number of shares in the public's hands. I would have expected that it would make dealing uncommon, force a large spread, keep the NMS low and keep the price pretty stable. All this is happening which makes sense. The senior share holders benefit by getting their hands on bunch of cash at the IPO which they have used, the company continues to be leveraged which it was before IPO. So what has been the real benefit of being a plc? It is growing by aquiring, does being a plc give the companies it approaches (both targets and customers) a feeling of confidence that being from NI might not?
Pretty unimpressive set of comments from this bunch of employees http://www.glassdoor.com/Reviews/First-Derivatives-Reviews-E35766.htm which kind of puts the knee in the nuts for their critical objective of buying property insitu for employees to live in during work away from home. Looks like the business is growing fast and struggling to fill middle management positions. Does anyone have a view on this element of key strategy?
Nomura Code retained its "buy" stance on First Derivatives (FDP) with an increased target price of 830p, from 760p. The financial software developer has invested over 11 million pounds in development over the last four years and the broker believes that the market has not fairly recognised this. Nomura added that the group's growing greater focus on generating recurring revenues should help draw investor attention. The broker forecasts pre-tax profits of 10 million pounds for the year ending February 2013, rising to 11.7 million pounds in 2014
Brian Conlon, CEO of First Derivatives commented: "I am very pleased to be working with another one of the big four Australian banks. This clearly strengthens our position in the Asia Pacific market as an enterprise software provider." Rob Hodgkinson, a Director of APAC Operations of First Derivatives further commented: "This contract win demonstrates again the versatility and features of Delta Stream in financial markets. The system will deliver extensive pre and post trade analytics, but an integral component is the heavy real time quant analytics usage for optimization and PF trading. FD's consulting service is a key component of this sale, to deliver key functionality and technology training to an internal client team over the next 6 months. There is further interest building in Singapore, Hong Kong and Tokyo which should see FD further capitalize on this milestone within the short term."
Contract win with major Australian bank First Derivatives (AIM:FDP.L, ESM:FDP:I), a leading provider of software and consulting services to capital markets industry is pleased to announce that it has signed an annual software license with one of the big four Australian banks to implement its Delta Stream solution within the bank's eFX division. Delta Stream is First Derivative's leading CEP solution designed to enable users to capture, store and analyse large volumes of data within a single platform. It provides users with the framework to develop and deploy customised analytics that quickly perform complex calculations on large volumes of underlying market data, capturing real time market data and allowing unlimited historical storage of this data. Delta Stream has been customized to meet client needs by interfacing with the bank's existing pricing and aggregation engines and will be able to send orders back for execution. The system also provides a Matlab[i] interface for analytics for both quants and traders. Following closely on the heels of ANZ eFX in Australia and SGX in Singapore, this win represents another major milestone in First Derivatives' success in expanding its operations in the Asia Pacific market.
http://www.investegate.co.uk/Article.aspx?id=201204100700239772A
Hi folks, Perhaps you've seen it already, but I recently commenced The Great Irish Share Valuation Project on my Wexboy blog. I'm setting a Fair Value Price Target for every listed Irish company. So far I've valued 2 dozen companies, including First Derivatives. I hope you'll take a look (don't hesitate to comment or email me), and perhaps become a regular reader. Cheers, Wexboy
First Derivatives (FDP) is one of Arbuthnot Securities' top picks for 2012, with a 660p target price. Following significant investment in infrastructure in 2011, the broker expects the software developer to secure several contracts in all four of its core markets. Additionally, Arbuthnot expects contracts already signed in the first half of its 2012 financial year to significantly improve earnings. While the capital expenditure will have an impact on free cash, the broker believes that a prospective earnings multiple of 11.2 times is too cheap. Shares in First Derivatives were unchanged at 480p.
Arbuthnot Securities reiterated its "strong buy" recommendation for First Derivatives (FDP), with a 660p target price. The software and consultancy services company is on track to meet full year expectations, the broker believes, after reporting revenue growth of 26.2% to 22.4 million pounds for the six months ended August 2011. Arbuthnot adds that the business won a number of new contracts during the period, but that the company will not begin to benefit from them until 2013
David Anderson, Chairman of First Derivatives commented: "We have continued to invest in the Group's activities, the benefits of which are starting to show through. We have signed a number of contracts during the period which will start to become revenue generating in the second half and we have a healthy pipeline of prospects. Despite a background of market turbulence we have made a strong start to the second half and expect to report profits for the year in line with market expectations."
irst Derivatives (AIM: FDP.L, IEX:FDP.I), a leading provider of software and consulting services to global investment banks and hedge funds, today announces its results for the six months ended 31 August 2011. Financial Highlights · Turnover £22.4m (2010: £17.7m) +26.2% · EBITDA £5.0m (2010: £4.2m) +21.1% · Operating profit £3.6m (2010: £3.1m) +14.3% · Profit before tax and associate income £3.3m (2010: £2.8m) +16.2% · Pre-tax profit £3.4m (2010: £3.2m) +5.1% · Earnings per share 16.3p (2010: 15.6p) +4.5% · Net Assets £29.0m (2010: £21.7m) +33.4% · Interim dividend of 3.00p per share (2010: 2.90p) +3.4% Business Highlights · Growth across all parts of the business · Significant increase in Software transactional/recurring revenue streams (+51.6%) · Increasing pipeline for Software products with additional new products in development · Three new Consulting initiatives launched in period contributing to strong performance
http://www.investegate.co.uk/Article.aspx?id=201110180700203379Q
The supplier of software and consultancy services for the capital markets industry, First Derivatives (FDP), announced that ILQ, a foreign currency exchange broker, has chosen to use the company's Delta Flow service. The software is said to provide the next generation in liquidity, flow and risk management, allowing traders to deliver improved execution to their clients
Arbuthnot issued a "strong buy" recommendations for First Derivatives (FDP), the provider of software and consulting services to global investment banks and hedge funds, with an increased target price of 660p, up from 539p. Commenting on full-year results, the broker said they were in-line with expectations, with contract wins across all areas of the business helping to deliver a 44% increase in revenues and a 12% uplift in adjusted pre-tax profit. That said, Arbuthnot added that although the positive margin effect of a 104% increase in software sales was negated by the dilutive impact of the Cognotec acquisition, it is excited by the strong pipeline prospect. First Derivatives shares moved ahead 2.75p to 541.75p.
Annual profits and revenue at First Derivatives (FDP) are expected to be in-line with current market expectations, the provider of software and consulting services to global investment banks and hedge funds announced in a trading update. The group said it continued to trade positively in the second half of the year ended February 2011 with further new contracts being secured across all areas of the business. First shares edged down 2.5p to 435p.
Arbuthnot issued a "strong buy" recommendation for First Derivatives (FDP), the provider of products and consulting services to the capital markets industry, with a 539p target price. The broker notes that the group has secured additional financial support from Invest Northern Ireland, the Northern Ireland Economic Development Agency, to enable the business to embark on a programme of expansion for its capital markets consulting business. This, the broker believes, should provide further evidence to investors of the company's growth ambitions.
Arbuthnot initiated coverage on First Derivatives (FDP), the products and consulting services provider to the capital markets industry, with a "strong" buy and 539p target price. Commenting on this group, the broker said Investment in research & development and commercial infrastructure has created the potential for the IT consulting services provider to become a leading global supplier of trading, data and risk management solutions to the capital markets industry. Deep domain expertise, coupled with a next-generation offering that has demonstrated market acceptance through early sales success, gives Arbuthnot confidence that the next few years will prove transformational in terms of earnings growth. First Derivatives shares edged ahead 2.5p to 430p.
sorry off topic, just had a punt on cbox - saw you had posted there - interesting its at its lowest point on what can only be said to be a positive rns.....see you on the board and look forward to any insights you have