Updates

First Derivatives

December 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Latest H1 shows strong progress continuing with adjusted pretax profit up 33% to £10.1m and eps up by 21% to 29p.The software side grew sales by 60% to £29.4m. And once again it gets better because £13.6m (+45%) of sales now relates to SaaS and maintenance income. As subscribers will recall, ownership of the lightning fast Kdb+ time series database has propelled FDP into a different league as it has raised awareness of the company in its core capital markets space but it said it has also made further progress into new verticals including digital marketing and utilities (see June SCSW). EBITDA margin was down slightly at 18.8% as FDP is investing for future growth.The other element, managed services & con ...

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Tungsten

Supergroup - A real tour de force in the retail space

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First Derivatives (December 2017)

First Derivatives - Shares go over £20; gain 702% (June 2016)

First Derivatives - Shares go to a new high (May 2016)

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First Derivatives - Software run rate of £37m-£39m (July 2015)

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First Derivatives - Beneficiary of Big Data phenomenon in financial markets (February 2013)

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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