Primary Recommendation

First Derivatives - Cognotec could provide huge boost

March 2010

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.

First Derivatives (FD) is on a roll. The company supplies consultancy and trading & risk management software to investment banks and has just bought some software assets from the administrators of Cognotec: a business it knew well and one we think will prove to be significantly earnings enhancing in due course. FD was set up in 1996 by the present chief executive, Brian Conlon, as a capital markets consultancy for banks and insurance companies. Conlon had previously been working for Renaissance Software and when this business was bought by SunGard, the opportunity came through to set up FD to implement and customise SunGard's Opus financial solution for its customers around the world. This contract laid the platform for the b ...

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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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