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: 1,644
  • Market Cap: £334.93m
  • RiskGrade: 148

First Derivatives to accelerate strategy as earnings slide

By Josh White

Date: Tuesday 18 May 2021

LONDON (ShareCast) - (Sharecast News) - First Derivatives reported revenue of £237.9m in its full-year results on Tuesday, broadly in line with the £237.8m it recorded in the prior financial year.
The AIM-traded firm said its gross profit was also level year-on-year, at £101m for the 12 months ended 28 February, compared with £101.1m in the 2020 year.

Profit before tax fell 39% to £11.1m, while reported diluted earnings per share were down 41% at 32p.

Net debt narrowed by 80% over the course of the year, to £9.9m.

The board declared nil dividend for the 2021 financial year, compared to the 8.5p per share distribution for the prior period.

"Following a detailed review by the board, informed by growing market opportunities resulting from the increasing capabilities of our technology, we have concluded that now is the time for targeted investment that will accelerate our growth and establish KX as a world-leading horizontal technology for real-time streaming analytics," said chairman Donna Troy.

"We are excited to announce this acceleration of our strategy and look forward to delivering enhanced value for our customers and shareholders."

First Derivatives' board issued guidance for the current financial year, which it said reflected improved momentum across the company's business units, as well as the cost impact of the investment to accelerate growth.

It said it was expecting revenue for the year to be in the range of £255m to £260m, with adjusted EBITDA of between £31m and £33m.

"Using streaming analytics to inform and automate operational decisions is one of the most important growth areas in technology today, and KX enables this for our customers," said chief executive officer Seamus Keating.

"During the past year we have positioned the business to scale rapidly to address this opportunity, by accelerating our technology roadmap, strengthening our leadership, developing our commercial strategy and putting in place enhanced systems and processes to scale the group.

"By increasing our investment in the business we unlock the potential for rapid growth and for KX to become a key part of tomorrow's technology ecosystem."

At 1011 BST, shares in First Derivatives were down 12.16% at 2,240p.

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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 1,644
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
08:32 93 @ 1,192.00p
08:22 10 @ 1,185.00p
08:21 1 @ 1,191.98p
08:15 1,000 @ 1,189.90p
08:15 72 @ 1,190.00p

FDP Key Personnel

CEO Seamus Keating
Chair Donna Troy
CFO Ryan Preston

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