First Derivatives (FDP)
market vs.
industry GROWTH & VALUE
| 12m Forecast Rolling | ||||
| PE Ratio (f) | 13.4 |
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| Valuation (ttm) | ||||
| Price to Book Value | 3.02 |
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market vs.
industry QUALITY
| Year End 29th Feb | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | TTM | 2013E | 2014E | CAGR / Avg | |
| Revenue | £m | ||||||||||
| Operating Profit | £m | ||||||||||
| Net Profit | £m | ||||||||||
| EPS Reported | p | ||||||||||
| EPS Normalised | p | ||||||||||
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| PE Ratio | x | ||||||||||
| PEG | x | ||||||||||
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| Op. Cashflow ps | p | ||||||||||
| Capex ps | p | ||||||||||
| Free Cashflow ps | p | ||||||||||
| Last ex-div: 26th Jun, paid: 26th Jul more... Dividends | |||||||||||
| Dividend ps | p | ||||||||||
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| Dividend Cover | x | ||||||||||
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| Cash etc | £m | ||||||||||
| Working Capital | £m | ||||||||||
| Net Fixed Assets | £m | ||||||||||
| Net Debt | £m | ||||||||||
| Book Value | £m | ||||||||||
| Average Shares | m | ||||||||||
| Book Value ps | p | +35.8% | |||||||||
FINANCIAL BRIEF: For the six months ended 31 August 2012, First Derivatives plc revenues increased 23% to L27.6M. Net income increased 5% to L2.8M. Revenues reflect Consulting Division segment increase of 31% to L20.1M, Software segment increase of 7% to L7.5M, America segment increase of 32% to L11.5M, Rest of Europe segment increase from L1.8M to L3.6M. Net income was partially offset by Loss on Currency Transalation increase from L96K to L374K more »
| Leverage (ttm) | Total | Ex Intang | |||
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market vs.
industry RECENT HISTORY
| Latest interim period (ended 31st Aug '12) vs. prior year | ||||
| Sales Growth | % |
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BROKER CONSENSUS & FORECAST TREND
| Recommendation: | Strong Sell | Sell | Hold | Buy | Strong Buy |
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| No. of Analysts: | 0 | 0 | 0 | 1 | 3 |
First Derivatives plc is engaged in the provision of a range of software and consulting services to the investment bank market, the derivatives technology industry, the foreign exchange market and the provision of technology sales services to the information technology (IT) sector. The Company operates in two segments: consulting activities, which include services to capital markets, and software activities, which includes the sale of intellectual property and related services. Its software products are developed on the common Delta technology platform. Its legal services initiative provides resources to banks in areas, such as non-core asset disposal, regulatory compliance and securitization. As of February 29, 2012, it provided services to 91different investment banks, brokers, exchanges and hedge funds. In September 2012, it acquired three London-based businesses, Redshift Horizons Ltd, Cowrie Financial Ltd and Redshift Horizons LLP.
Directors: Brian Conlon (CEO) , Robert Ferguson (CFO) , Adrian Toner (COO) , James Sanders (Chief Comp.) , Kevin Cunningham (Exec. Dir.) , Richard Fulton (Secy.) ,
No. of Employees: 720 No. of Shareholders: n/a
| Last Annual | February 29th, 2012 |
| Last Interim | August 31st, 2012 |
| Shares in Issue | 17,844,656 |
| Free Float | 7.10m (39.8%) |
| Sector | Technology |
| Industry | Software & IT Services |
| Index | FTSE Aim All Share, |
| Exchange |
London Stock Exchange (AIM) |
| Eligible for | an ISA? a SIPP? |
| Address | 3 Canal Quay,Co. Down Newry, BT35 6BP, United Kingdom |
| Web | http://www.firstderivatives.com |
| Phone | +44 28 30252242 |
| Contact | John F Gibbons (Secy.) |
| Registrar | Neville Registrars |
| Auditors | KPMG LLP |
| Tue 7:00am | Final Results |
| 5th Jun | Notice of Results |
| 9th May | Board restructuring |
| 30th Apr | Total Voting Rights |
| 19th Apr | Change in Directors Shareholding |
| 19th Apr | Grant of Options |
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