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Emerging companies - Mid caps that can become large cap
 The Equity Desk Forum :Investment Ideas - Creating winning portfolios! :Emerging companies - Mid caps that can become large cap
Message Icon Topic: Financial Technologies – A buy even at 65 PE Post Reply Post New Topic
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manishwithted
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Quote manishwithted Replybullet Posted: 25/Jan/2011 at 9:52am
Originally posted by prabhakarkudva

I work in this industry - for a competitor of FT and to put it mildly FT is not doing great as a technology service provider as of today.Exchanges - I am not sure.


hi prabhakar,
I believe there main investment is into developing exchanges, so thats where there main revenue should come from. However, these have long gestation period of 2-4 years so it will take soe time to reflect in the balance sheet.

Since you said that FT is not great as a  technology provider, can you tell us about a listed company which you feel is the best as a technology service provider. so that we can start researching on that one. WinkTongueSmile
Long term thinking improves short term decision making - Brian Tracy
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prabhakarkudva
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Quote prabhakarkudva Replybullet Posted: 25/Jan/2011 at 10:03am
There is no other listed company in this space.Technology is increasingly becoming a commodity - any company offering niche technology services to a particular industry can quickly be replaced by another better one at not a very high cost.

I am personally not bullish on midcap IT.As a sector it might do well but picking up individual companies in this sector is fraught with uncertainties.
Take your chances and keep them in a box until a quieter time.
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Kautilya
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Quote Kautilya Replybullet Posted: 25/Jan/2011 at 10:55am
I work in the IT dept of a IB and we have FT as a vendor for one of India related business. They are pretty bad when it comes to technology. I felt there forte was finance and not technology.
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mohitrathi8
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Quote mohitrathi8 Replybullet Posted: 26/Jan/2011 at 1:01pm
prabhakarkudva, kautilya

could you elucidate more. why they are bad? how bad?
Good stocks can go down for no reason. Bad stocks can go up for no reason.
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Kautilya
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Quote Kautilya Replybullet Posted: 26/Jan/2011 at 3:13pm
Mohit,
These are just my opinions based on my interactions with them. These are solely based on technology and the kind of expertise their engineers showed. One should not construe this and assume FT is in a bad business.
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manojc
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Quote manojc Replybullet Posted: 07/Apr/2011 at 11:10pm

MCX has filed for the IPO. Very soon it will get listed and we can expect a good valuation. I think we should have a re look ar FT with this new event. Though stock has run up in last couple of months, with the MCX IPO, upside is still open I think. 

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experteye
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Quote experteye Replybullet Posted: 17/Mar/2012 at 4:10pm
Basant sir,now MCX got listed at 1250+ is it a buy level or wait for correction?
more risk,more profit but have a vision before taking risk,itis all about investment in equities market.
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Crimsonarcher
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Quote Crimsonarcher Replybullet Posted: 25/Sep/2013 at 5:27pm
Hi Guys...any idea how the NSEL fiasco will affect Financial Technologies? I understand NSEL is 99.9% owned by FT, but does that mean that FT is liable for all the losses at NSEL and has to eventually pay up? Or is the liability limited to the paid-up capital of NSEL?
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