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"We expect to deliver revenue and adjusted EBITDA slightly ahead of consensus forecasts* for the year to 28 February 2019."
You see, that's the problem with making a nice summary table showing all the good stuff up 20%. Divi up 10%. And then a blank entry for Debt. Ah, up circa 50%. Now that is not particularly good. I also note in the one liner later on that we will own 100% of KX by next June. I've given up trying to second guess market reactions to these sorts of things. Hopefully the SP will go up as this is one of the chunkier bits of my investments.
First Derivatives received two award last night at the AIM awards last night. They won best tech and Brian Conlon won entrepreneur of the year. Well done and well deserved.
Too right ProspectorCT I totally agree with your observations lets see how those results stack up.
Recap of the last week (IMHO):
Share Muppets set their sights on FD with a view of bringing the sp down and making money via their shorts. A practice they have been doing for years against 100s of other AIM listed companies.
The first report from Matt Earl did make some valid arguments around the company being overvalued but I cannot see how this justified a 50% re-rate even in the current market climate. The rest of that report and subsequent articles are merely scaremongering.
There’s no reason to suggest that next month’s interims won’t be inline with market expectations. Coupled with the recent announcement of another 1,000 employees being taken on I see no need for alarm. I’m sure next month’s numbers will speak for themselves.
Onwards and upwards
correction ; 30.50 the 'cash' price on the IG platform for the NASDAQ , £26.50 on lse, too easy to press the wrong button on IG.
Its back up to £30.50 now, I am nearly always late to the party and always leave early so rarely catch the very bottom or tops. I am now awaiting to see if its a dead cat bounce but at this level it looks like its lining up for another short.
Well now that has changed the tide of falling shares over 500k traded and look the shares have bounced and a good one at that, results due on the 6th , Hope you guys cut off your positions while the shares where at £23.20 and not at £26.80 looks like this one is heading back up.
I am also very tight and willing to pay nothing to subscribe to any web site or share trading courses etc the people running courses are mainly con artists , why bother when you can get most information for free. No point anyone posting a link to the Matt Earl article as I think LSE and SP management are not best friends and these things usually get asterisked out or taken down.
.... Maybe they'll take questions then? And perhaps even provide answers. So tempted to buy more although I still have no idea what Matt Earl wrote primarily cos I'm too frugal to pay ************* to read his words..... and yet have sat watching a SP reaction that has cost me £££s (on paper). Self analysis time.
I think FDP management may be suffering from ostrich syndrome by proxy, can't say I blame them, its a difficult one to fathom how to explain to the faithfull how its lost £325 million market cap in less than a week and to add to the woes we now have Dow Jones down by 800 points and more importantly NASDAQ minus 4%, FTSE Fut minus 83.5. The timing of all these drops could not be worse for FDP, I am holding out for another drop Thursday before deciding wether or not to close out.
We're still waiting!
The report from Matt Earl has sent the share price down which we have all seen, perhaps the company was a little overvalued, but I think it will level off, The founder owns 30% of the shares and other major shareholders own a further 20% now if you look on the news feed , not one of these major shareholders has changed their holdings so they are not convinced by the likes of MATT Earl nor am I he is trying to stitch a few things together to beef up his report. FD on the other hand is recruiting 1000 graduates over the next few years, it is buying the remaining % of Kx it does not already own and it trades worldwide so is not going to be effected too much by Brexit or only in a positive way IMHO. I think it is a well run company that has expanded organically and through aquisitions, more shares have been bought than sold in the last couple of days and today so lets see if any of the big shareholders add to their postions or sell shall we.
Onwards and downwards then.
(work it out for yourself)
Your opinion is very humble.
is there any way to view this report, does anyone have a link, it would be greatly appreciated
It's obvious from the time interval since the ShadowFall report that FDP are trying to put together a 'damage limitation' report/argument or whatever. A 'rebuttal' would have been issued immediately (if they had been in a position to refute the claims). Obviously they aren't. IMHO
Some of it has already come out , I think there is more to come, depends who you choose to believe.
whats going on here - 300 mill market cap lost on no news? something going to come out ?
Still no rebuttal. Why not? Will they come clean?
IN your interests more like !!
Watch this going down further (in my opinion) of course :)
My motivation is possibly the same as yours, to make money only you are betting on it rising and I am betting on it falling. My timing is nothing to wonder about after Earls report, I think FDP is worth a punt.
I added again yesterday at 3,380.
Amazing all the people who come on here to partake in the bear run. it would make you wonder about their motivation and timing.