FD Technologies (#FDP) – recommended 2450p per share offer including a “rollover shares” alternative

FD Technologies (#FDP) – tender offer for 21.8% of shares at 1950p per share

First Derivatives by FD technologies disposal: more ouzo for the sheriff with complete vindication

Back in June 2018, I opened my account on First Derivatives (FDP) urging you to short the shares at £46, a £1.2 billion market cap. The red flags were everywhere but natch everybody said I had got it wrong about a company which had picked up gongs at the AIM awards three times! Today that core business has been sold for an EV of just £230 million although the cash receipts are just £205 million. Complete vindication!

FD Technologies (#FDP) – agreement to sell First Derivative business for £230m Enterprise Value, “intention to return excess cash to shareholders”

FD technologies: a warning and a breakup, from £1.2bn to £247m, more VINDICATION ouzo for the Sheriff

Shares in First Derivatives (FDP) were £46 when I first flagged up what a cracking £1.2 billion short it was back in June 2018, then alerting you, in a series of articles and joined in battle by Matt Earl, the Dark Destroyer, to numerous red flags. Journalist smearing mother fuckers FTI Consulting warned me I might face legal action for a series of exposes, brokers Investec and Liberum and institutional investors said they knew better than the failed fund manager. Today, the renamed FD Technologies, has issued yet another profits warning and news of a corporate break up and the shares are just 909p. Perhaps FTI, Investec or any of the other cheerleaders would care to send a case of Metaxa to the Sheriff by way of an apology? First the warning.

FD Technologies (#FDP) – anticipates FY revenue “slightly below consensus”, merger of its MRP business with CONTENTgine

FD Technologies (#FDP) – FY “strong performances at KX and First Derivative offset by a weak demand environment at MRP”

FD Technologies (#FDP) – FY “expects to achieve its revenue and adjusted EBITDA guidance”, what about profit?

First Derivatives now FD Technologies: shares £46 to £21 since my first bear piece but much worse to come

It was back in July 2018 that I first started to expose the murky and, at times fraudulent, world of First Derivatives (FDP) and its scandal plagued auditors at KPMG Belfast, with the shares at £46.  A lot has happened since then. Fascist PR pigs FTI tried to bully me to take down my articles but I told the mothers where to stick it. I reported First to the FRC and it was forced to restate its crooked accounts signed off by KPMG. And Brian Conlon, the CEO and architect of this enterprise sadly passed away leaving his grieving widow as the largest shareholder. Today the name is now FD Technologies (FDP).And it is still a cracking short ahead of numbers next week.Let me explain.

Detailed analysis: First Derivatives cleaning up its act thanks to me, Matt & the FRC but still a joke valuation

Thanks to the pressure applied by major dossiers and a string of exposed published by myself and by the Dark Destroyer, Matt Earl, a new management team at First Derivatives (FDP) has started to clean up its act. I got the FRC to force it to change its misleading accounts. And the old, very whiffy related party/Panama Pump deals of the ancient regime are gone. But yesterday’s results show that without the gloss of aggressive accounting and dodgy deals, what is left is a dull business but still one on a glamour rating. My original bear call – sell at £46 on 28 June 2018 - was spot on. The shares are now £22.25 to sell but still a slam dunk sell. Here is why…

First Derivatives (#FDP) – “some deferral of new project engagements, the financial impact of which to date has been partially mitigated by lower recruitment and cost management”

First Derivatives (#FDP) – indicated near-term lengthening of software sales cycles, argues under scenarios it has tested “remains profitable and cash generative”

Time to close all your shorts? Sort of! But two to open!

It strikes me that having a big short position right now might be a tad unwise and indeed smart bears are closing many positions. Do not get me wrong, I think that the medical and financial crisis has a good way to run but none the less there are very real dangers in being short. Having said that I suggest to you two stocks where if you are not short yet, you may wish to open a position. I also urge you all to keep safe and stay well.

First Derivatives (#FDP) – argues H1 “financial performance was solid” & DPS +10%, net debt up to £60.2m

Table of shorted AIM shares - week to 13/09/2019

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2018 and thus far in 2019 (by net short position %, those in bold not on the list at the start of 2019) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

UPDATED: URGENT Request to the FCA & AIM Regulation to investigate First Derivatives for a clear breach of AIM Rules and possible market abuse and insider dealing

UPDATED: Earlier today I revealed that AIM superstar First Derivatives )(FDP) had been sitting on highly damaging and adverse price sensitive information since Tuesday of last week and had not disclosed this to the market. But it could be far worse. Far worse. I have thus written to both the FCA and to AIM Regulation demanding an immediate formal enquiry into a range of possible offences. It now emerges the case settled on Friday (terms unclear). That does not mean that on Tuesday/Wednesday it should have not been announced.. The letter is below:

UPDATED: BREAKING: First Derivatives drives coach & horses through AIM Rules as it fails to reveal a $100m law suit that could sink it - but then case withdrawn

UPDATED: This begs all sorts of questions about First Derivatives (FDP), an AIM casino listed "superstar" about which we have repeatedly warned (and been vindicated by regulators acting on our complaints). The company faced a lawsuit that could bankrupt it and has failed to notify investors, a clear breach of AIM Rules.

Sell First Derivates at £23

I notice that shares in First Derivatives (FDP) have been on the slide since the sad and untimely death of its CEO and founder Brian Conlon on 28^th July. My sympathies go to his family and all his many friends. I see that Tom Winnifrith reckons that shares in First Derivatives represent something of a binary bet; either the whole company is acquired by an entity that buys out the 24% held now by Conlon’s estate, or the shares tank when new management come in and start looking at what First Derivatives really is…

TRIUMPH: Financial Reporting Council says Tom Winnifrith complaint saw £800m First Derivatives have to alter its accounting policies

To those who say that ShareProphets is a joke site run by a fool or a knave, stick this letter below from the Financial Reporting Council where the sun don't shine. Yet again the FRC is marking my homework with A*s.  To those cretins on the Bullettin Boards who abuse me daily I ask: when was the last time you got a regulator to force an £800 million market cap company to change its, overly aggressive and misleading, accounting policies? Ouzo time yet again for the Sheriff of AIM. 

First Derivatives (#FDP) – expects FY in line with expectations, though in terms of adjusted EBITDA (bullshit earnings)