FDM Group (Holdings) (FDM)

Sector:

IT Services

Index:

FTSE 250

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989.00p
   
  • Change Today:
    -6.00p
  • 52 Week High: 1,128.00
  • 52 Week Low: 760.00
  • Currency: UK Pounds
  • Shares Issued: 108.19m
  • Volume: 23,366
  • Market Cap: £1,069.97m
  • Beta: 0.01

FDM trades in line as Mounties revenue rises

By Sean Farrell

Date: Thursday 26 Apr 2018

LONDON (ShareCast) - (WebFG News) - FDM said first-quarter trading was in line with expectations as the IT services and recruitment company shifted towards higher-margin business.


The FTSE 250 company said group revenue fell 1% in the three months to the end of March but was up 3% excluding currency swings.

Revenue from FDM's Mountie programme, which supplies banks and other companies with direct IT support, rose 13%, or 17% at constant currency. Mountie is FDM's flagship project for moving into more profitable activities, named after the Canadian mounted police.

FDM employs freelance contractors and a growing army of its own consultants, known as Mounties, who are loaned out to clients but rarely on horseback unlike their namesakes. On 23 April the number of Mounties on client sites rose to 3,310 from 2,826 a year earlier.

Ivan Martin, FDM's chairman, will tell the company's annual general meeting: "Trading ... reflects the expected and planned improvement in the quality of the group's income, with a reduction in lower-margin contractor revenues and increased higher-margin Mountie revenues.

"We have seen good client engagement across our operating locations and the board is confident that 2018 will see the group deliver against its operational and financial targets."

In March, FDM reported a 26% rise in annual profit to £47.2m, helped by the growing Mountie business. The company plans to maintain its freelance contractor business as a source of revenue before winding it down in the long run.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

FDM Market Data

Currency UK Pounds
Share Price 989.00p
Change Today -6.00p
% Change -0.60 %
52 Week High 1,128.00
52 Week Low 760.00
Volume 23,366
Shares Issued 108.19m
Market Cap £1,069.97m
Beta 0.01

FDM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.64% below the market average95.64% below the market average95.64% below the market average95.64% below the market average95.64% below the market average
81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average
Price Trend
75.79% above the market average75.79% above the market average75.79% above the market average75.79% above the market average75.79% above the market average
39.45% above the sector average39.45% above the sector average39.45% above the sector average39.45% above the sector average39.45% above the sector average
Income
22.84% below the market average22.84% below the market average22.84% below the market average22.84% below the market average22.84% below the market average
46.67% above the sector average46.67% above the sector average46.67% above the sector average46.67% above the sector average46.67% above the sector average
Growth
77.10% above the market average77.10% above the market average77.10% above the market average77.10% above the market average77.10% above the market average
74.76% above the sector average74.76% above the sector average74.76% above the sector average74.76% above the sector average74.76% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

FDM Dividends

  Latest Previous
  Final Interim
Ex-Div 24-May-18 24-Aug-17
Paid 15-Jun-18 22-Sep-17
Amount 14.00p 12.00p

Trades for 19-Jul-2018

Time Volume / Share Price
12:03 15 @ 989.00p
12:02 6 @ 987.00p
12:02 150 @ 986.00p
12:02 89 @ 970.00p
11:59 39 @ 991.00p

FDM Key Personnel

CEO Roderick (Rod) Flavell
COO Sheila Flavell
CFO Michael (Mike) McLaren

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