EnQuest is up over 50% since I tipped it, but it offers a great leveraged play on the oil price so I would continue to hold
FDM Group (FDM) has made a “First-Quarter Trading and COVID-19 Update” – and the shares, having started the year above 1000p, have currently responded a few percent lower to below 750p...
Hello, Share munchers. There are firms which do IT. There are companies that offer their services to them as IT consultants. And then there’s at least one promising outfit which trains graduates and others to be consultants who then support the IT function of other companies. FDM Group (FDM) is such an outfit. And, as we all know that IT is a minefield of complexities, that has to be a useful service. The corporate world seems to think so as FDM has a few thousand experts placed with companies around the world...
Provider of IT consultants, FDM Group (FDM) has updated that a strong trading performance and favourable exchange rate movements see it now anticipating “full-year results ahead of its expectations” – and the shares have responded more than 9% higher to a current 624p ‘bid’ price. So not a bad tip from us...
Specialist provider of IT consultants, FDM Group (FDM) has announced results for the first half of 2016, noting a “strong” performance “is continuing into the second half… Notwithstanding the changing European political backdrop we remain confident that FDM is very well placed to meet the board's expectations for the full year”.
Post the Brexit vote and the profits warning from Interquest (0ITQ) shares in FDM (FDM) stood at 550p. They are now 450p. I have a private email from a top City analyst which explains the fall but also why the shares are cheap and a buy. It reads:
FDM Group (FDM) has updated on “a strong operational and financial performance for the first quarter of 2016”, seeing that “the board remains confident of meeting its expectations for the full year”.
FDM Group (FDM) has announced results for the 2015 calendar year and that “2016 has started well for the group and we are confident that we are well placed to deliver another year of good progress”.
Our most recent share tip, FDM Group (FDM) has updated that it “maintained its strong performance in the second half of 2015 and expects to deliver full-year results slightly ahead of the board's expectations” as well as that “we enter 2016 with good momentum and I am confident that the year will see further progress for the group”
Investment Case: Despite in its current form only listing last year, principally IT personnel provider FDM Group (FDM) is a company we have have previously followed – its shares having previously been on AIM before the group was taken private in 2010. The shares were re-listed, this time on the main market, in June 2014 at 287p and exceeded 575p a couple of months ago before slipping back to a current 530p offer price. This makes its operational growth momentum and (growing) dividend interesting and sees the shares now rated as a buy.
With the present charting position of shares of FDM Group (FDM) it is difficult not to go with the idea that the share price has essentially been on the front foot for the whole of the post summer 2014 period.
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