Fdm Share Discussion Threads

[argy2] 08/5/2008 21:34

Must be due another ramp from t1ps soon...that's the usual programme.

[davidwilkin] 02/5/2008 21:52

chart looks bad, wheres the support ??

[nfs] 29/4/2008 19:20

its clearly undervalued and for me the upside far outweighs any downside at these levels-and a dividend as well!And all that cash too
They claim they aren't cyclical and its that disbelief that the market has that is causing the price anomaly at the current time-good news for share buyers at these levels if they are right

[tole] 08/4/2008 16:54

Tipped at the weekend on T1ps I hear - 200p target. Explains the recent interest earlier this week.

[glasshalfull] 11/3/2008 11:06

Concur....excellent statement.

Following on from RCG's results and that of FIO yesterday, it doesn't appear to matter what a company announces in the short term as all positive news has little effect in terms of a share price rise irrespective of the apparent price anomaly.

Sentiment will no doubt turn (usually when the market is pricing in armageddon....that'll be now then!) and companies such as FDMG will offer considerable upside IMHO.

Kind regards,
GHF

[greek islander] 11/3/2008 08:19

Excellent set of results maybe the share price will now get back to a more realistic level.

[smith48] 25/2/2008 16:49

I'm in again - super little company with a pretty unique business model. Well undervalued I'd say (I hope!)

[qs9] 29/1/2008 07:31

continued good progress, hopefully should see the downtrend reverse as this IMO does look cracking value at these levels.....

[philjeans] 13/12/2007 09:26

Excellent update - seems to be going from strength to strength each time they report!

In a better market, this would have reached new high - still will in the New Year.

[qs9] 13/12/2007 08:59

All very good, have joined in the ride this morning as does look a good low value play IMO

[greek islander] 13/12/2007 08:20

Chester, more than nice.
Surprised that the effect on the share price is not double the share price increase we have seen. No buyers coming in for stock at this level which is still VERY cheap and well below what the share price was a few months ago.
I have not been able to work out an indicative forward pe based on todays announcement but it is going to be well into single figures. It would be good to get an indication from the company of the expected eps for the current 12 months trading.

[greek islander] 13/12/2007 08:17

Fdm Positive Trading Update




RNS Number:8067J
FDM Group PLC
13 December 2007

Embargoed for release at 7.00am 13 December 2007

FDM Group plc
("FDM" or the "Company")

Positive Trading Update

The Board of FDM (LSE: FDMG), the IT services business, is today providing an
update on its expectations for the year ending 31 December 2007.

Trading update

Between January 2007 and September 2007, FDM has consistently reported that its
trading has been strong. FDM is now pleased to report that this trading
performance has continued throughout the final quarter of the year. As a
consequence the Board now believes that the Company's results for the year to 31
December 2007 will be materially ahead of their previous expectations. The
Company has continued to focus on higher margin business and the Board expect
the results for the year ending 31 December 2007 to show improved gross margins.

FDM can further report that it has experienced no impact from the well
publicised problems affecting the banking and financial services sector.
Indeed, demand for FDM's services in all the sectors it focuses on continues to
be robust. Productivity has improved and FDM's conversion ratio will be ahead
of last year's figure and significantly above the industry average.

The City of London office, which was opened in early 2007 with the objective of
better servicing FDM's client base in London, is already operating at full
capacity. The Board believes that this further demonstrates that FDM is not
experiencing decreases in demand from its clients.

Mountie programme

FDM is continuing to recruit new Mounties and the City of London Academy has
significantly enhanced its ability to do so. As at 31 December 2007, FDM expects
to see continued growth in the number of internally trained Mounties on billing.
On an annualised basis Mountie utilisation rates have exceeded 98%. In November
2007, FDM opened a Manchester Academy and this is currently seeing good levels
of demand for training places from prospective Mounties. In addition the Board
expect the London Academy to be expanded during 2008.

Outlook

Looking ahead to 2008, the Board believe that the prospects for FDM are
encouraging and they view the future with confidence. The new Academies are
well placed to provide a supply of trained Mounties and there continues to be
demand for FDM's unique model of providing trained IT graduates and other
professionals to clients in a wide variety of sectors.

Rod Flavell, Chief Executive of FDM, commented:

"We are pleased with the way FDM has grown during 2007 and we remain very
positive about the outlook for 2008. We are seeing increased levels of demand
from many of our clients as they recognise the valuable service FDM provides for
them.

In 2008 we will increase the number of Mounties trained by FDM. I anticipate
that the expansion of our London Academy and the opening of an Academy in
Manchester will provide us with an excellent pipeline of well trained IT
professionals.

The Board view the future with optimism."

[chester] 13/12/2007 08:16

Hope you guys are still on board, nice T/S today.

[philjeans] 30/11/2007 16:25

Keep the faith - business going great guns.

It'll be double in six months, once common sense returns to the market.

[greek islander] 28/11/2007 09:59

Long suffering but still holding. What is going on with this sp?

[cwa1] 12/11/2007 08:48

Daniel Stewart's comment on this morning's news:-

New Manchester academy to drive next leg of growth FDM announce the opening of a new Manchester training academy for Mounties. Manchester-based candidates are already distance learning and the centre itself will open on 10th December.

FDM's training academy in London, opened earlier this year, is approaching capacity and further training capacity is required to maintain growth - we had argued for this in our last note.


We see the new academy opening as an expression of confidence in the Mountie growth outlook, although we see some risk that Freelance growth may slow given investment banking exposure.

The shares have fallen sharply from 130p to 114p in the last couple of weeks to leave the shares on a PE multiple of 7.8x 08E - inexpensive even in the context of the recruitment sector which has been savagely de-rated, especially so for a stock of FDM's quality. Reiterate BUY.

[paulcaine2003a] 16/10/2007 10:37

down we go again!

[paulcaine2003a] 12/10/2007 14:17

That tells me, for not looking at the RNS properly!

[henryatkin] 12/10/2007 12:40

Paul, the RNS actually states sold to satisfy institutional demand. In other words a cross-trade. Not dumped onto the open market. Quite a big difference. It is good that an institutional buyer wants the shares. Just a shame for us that they didn't have to buy on the open market which would have had quite an impact on the s/p. I wonder if the new capital gains rules will encourage a lot of director selling across the board before next April. That will save them 8% on their tax bill. So better to sell to institutioal investors by way of cross trade rather than sell to market. This could possibly have the effect of holding down the share price of a lot a small companies. However the institutions buying must feel confident that the shares will eventually rise in value. All imho.

[paulcaine2003a] 12/10/2007 11:21

FDM Group says COO Julian Divett sells 115,000 shares, cuts stake to 4.71 pct




LONDON (Thomson Financial) - Information technology staffing and services
company FDM Group PLC said its chief operating officer Julian Divett sold
115,000 shares at 130.5 pence each, cutting his stake to about 1.09 mln shares,
or 4.71 pct of the company's share capital.



Looks like a sell to me

[chrisg] 11/10/2007 16:03

It wasn't a sell. It was a cross-trade.