FD Technologies Public Limited Company (FDP)

Sector:

IT Services

Index:

FTSE AIM 50

1,192.00p
   
  • Change Today:
    -20.00p
  • 52 Week High: 2,165.00
  • 52 Week Low: 812.00
  • Currency: UK Pounds
  • Shares Issued: 28.10m
  • Volume: 2,740
  • Market Cap: £334.93m
  • RiskGrade: 148

First Derivatives selling down stake in Quantile Technologies

By Josh White

Date: Tuesday 23 Feb 2021

LONDON (ShareCast) - (Sharecast News) - First Derivatives has agreed to sell part of its investment in Quantile Technologies to growth equity company Spectrum Equity, it announced on Tuesday.
The AIM-traded firm said that under the transaction, it would dispose of the majority of its holding in Quantile for cash of £11m, representing a total gain of £10m on the initial cost of the investment, and a £7m gain on the current carrying value).

Following the transaction, First Derivatives confirmed it would retain a minority stake in Quantile.

"The investment occurred as part of FD's strategy of assisting companies that were adopting KX in new and innovative ways," the board explained in its statement.

"Quantile utilises 'KX' as the technology that underpins its highly successful advanced compression and risk rebalancing services and remains a valuable customer of the group."

First Derivatives said the investment in Quantile represented its largest investment of that type, accounting for £10m of a total of £16m of other financial assets on its consolidated balance sheet as at 28 February 2020.

In the year ended December 2019, Quantile reported net profit of £0.7m, although its performance was not consolidated as First Derivatives' holding was below 20%.

"The consideration has been received and the proceeds will be used for general working capital purposes," the directors added.

At 1114 GMT, shares in First Derivatives were down 2.73% at 2,850p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

FDP Market Data

Currency UK Pounds
Share Price 1,192.00p
Change Today -20.00p
% Change -1.65 %
52 Week High 2,165.00
52 Week Low 812.00
Volume 2,740
Shares Issued 28.10m
Market Cap £334.93m
RiskGrade 148

FDP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
86.47% below the market average86.47% below the market average86.47% below the market average86.47% below the market average86.47% below the market average
59.52% below the sector average59.52% below the sector average59.52% below the sector average59.52% below the sector average59.52% below the sector average
Price Trend
54.06% below the market average54.06% below the market average54.06% below the market average54.06% below the market average54.06% below the market average
46.81% below the sector average46.81% below the sector average46.81% below the sector average46.81% below the sector average46.81% below the sector average
Income Not Available
Growth
69.93% below the market average69.93% below the market average69.93% below the market average69.93% below the market average69.93% below the market average
88.64% below the sector average88.64% below the sector average88.64% below the sector average88.64% below the sector average88.64% below the sector average

What The Brokers Say

Strong Buy 1
Buy 4
Neutral 0
Sell 0
Strong Sell 0
Total 5
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

FDP Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Nov-19 20-Jun-19
Paid 05-Dec-19 19-Jul-19
Amount 8.50p 19.30p

Trades for 28-Mar-2024

Time Volume / Share Price
09:26 96 @ 1,190.00p
08:59 1,000 @ 1,190.00p
08:32 93 @ 1,192.00p
08:22 10 @ 1,185.00p
08:21 1 @ 1,191.98p

FDP Key Personnel

CEO Seamus Keating
Chair Donna Troy
CFO Ryan Preston

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