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

By Tom Winnifrith, the Sheriff of AIM | Friday 1 March 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


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.
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