Updates

First Derivatives - Shares go over £20; gain 702%

June 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.

Having pre-announced results in an earlier trading update, there were no surprises in the full year results. But the shares still moved to a new all time high.Sales were up 41% at £117m with adjusted pretax profit up 56% to £16.8 and eps up by 33% to 51.7p (9% tax). EBITDA margin increased from 18.6% to 19.9% driven by the greater proportion of higher margin software sales achieved in the period against consulting sales. Software sales grew 69% to £42m (up 27% on an organic basis) driven by a record number of software wins for its capital markets products.But it gets better because £21m of software sales now relates to SaaS and maintenance income - up from £12m last year – in other words 51% of divisional sales repeat ...

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Lakehouse

OnTheBeach

First Derivatives (February 2018)

First Derivatives (December 2017)

First Derivatives (December 2016)

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

First Derivatives - Becoming a Big Data specialist (December 2015)

First Derivatives (November 2015)

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

First Derivatives (May 2015)

First Derivatives (March 2015)

First Derivatives (December 2014)

First Derivatives - Acquires Kdb+ database (November 2014)

First Derivatives (June 2014)

First Derivatives - Collaboration agreement with Pivotal (May 2014)

First Derivatives - Big Data firm goes into orbit (December 2013)

First Derivatives (July 2013)

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

First Derivatives (December 2012)

First Derivatives (October 2012)

First Derivatives - Software side sales up 40% (November 2011)

First Derivatives - Foreign exchange trades surge through Delta eFX platform (June 2011)

First Derivatives (November 2010)

First Derivatives (September 2010)

First Derivatives - Eps forecast at 38.3p, 45.4p, 57.3p (June 2010)

First Derivatives - Launches FX retail product into Japan (May 2010)

First Derivatives - Cognotec could provide huge boost (March 2010)

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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