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First Derivatives

November 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.

The shares are up over Â£1 since our main tip in the March issue. During the month, First Derivatives reported its half year results to 31 August with turnover increasing by 56% to Â£17.7m from Â£11.4m in the corresponding period. Excluding Cognotec, which was bought out of administration, organic turnover increased by 33%. In line with expectations, after absorbing around Â£0.55m of losses from Cognotec, pretax profit lifted by 5% to Â£3.2m and eps was flat at 15.6p.Cognotec has dramatically fleshed out the company's software business and software accounted for Â£6.67m of sales, up from Â£2.56m. Before the purchase of Cognotec, software activities comprised mainly the sale of the Kdb+, a third-party database product and also the ...

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First Derivatives (February 2018)

First Derivatives (December 2017)

First Derivatives (December 2016)

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