FDM Group (Holdings) (FDM)

Sector:

IT Services

Index:

FTSE 250

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972.00p
   
  • Change Today:
      2.00p
  • 52 Week High: 1,128.00
  • 52 Week Low: 846.00
  • Currency: UK Pounds
  • Shares Issued: 108.25m
  • Volume: 78,270
  • Market Cap: £1,052.17m

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 972.00p
Change Today 2.00p
% Change 0.21 %
52 Week High 1,128.00
52 Week Low 846.00
Volume 78,270
Shares Issued 108.25m
Market Cap £1,052.17m

FDM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.3% below the market average93.3% below the market average93.3% below the market average93.3% below the market average93.3% below the market average
70% below the sector average70% below the sector average70% below the sector average70% below the sector average70% below the sector average
Price Trend
19.31% above the market average19.31% above the market average19.31% above the market average19.31% above the market average19.31% above the market average
8.26% above the sector average8.26% above the sector average8.26% above the sector average8.26% above the sector average8.26% above the sector average
Income
19.43% below the market average19.43% below the market average19.43% below the market average19.43% below the market average19.43% below the market average
60.87% above the sector average60.87% above the sector average60.87% above the sector average60.87% above the sector average60.87% above the sector average
Growth
76.93% above the market average76.93% above the market average76.93% above the market average76.93% above the market average76.93% above the market average
70.87% above the sector average70.87% above the sector average70.87% above the sector average70.87% above the sector average70.87% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 6
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
  Interim Final
Ex-Div 23-Aug-18 24-May-18
Paid 21-Sep-18 15-Jun-18
Amount 14.50p 14.00p

Trades for 21-Sep-2018

Time Volume / Share Price
16:52 200 @ 972.50p
16:52 423 @ 970.71p
16:51 100 @ 972.00p
16:35 22,003 @ 972.00p
16:29 57 @ 970.00p

FDM Key Personnel

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

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