FD Technologies PLC (FDP), formerly known as First Derivatives Plc, has adopted a new name to reflect its broader business strategy but remains focused on the established derivatives business. FD Technologies is arguably one of the most complex technology companies I have featured, which is challenging to explain what the company does tangibly – what I mean by this is most companies have a product we cannot see, touch, buy, and test. These technology companies do not have an effect we can get to grips with, pull apart, questioning and critique because this is the world of AI.
It is unfortunate I cannot work quicker because the shares price has already moved on from £19.75p when started work on this editorial.
The shares are now trading at £24.05, valuing the company at £688 million. Historically, there is a further £10 upside if the shares are to repeat to previous highs, one of which was less than 12-months ago. Does this suggest there is plenty of recoveries to ride if FD Technologi…