Fdm Share Discussion Threads

[glasshalfull] 07/9/2006 08:17

Good strong set of results at first glance.

Fully Diluted EPS of 3.6p and outlook statement pleasing.
Only downside I could see was the decrease in cash position of £890k.

Markets still appear to be buoyant.

Regards
GHF

[glasshalfull] 06/9/2006 16:25

....a cheeky 3k.....good to see you again supreme mo !

Nice to see some interest in this, possibly generated by morwood's post in the pub (notice you used a few of my articles :-)

Very decent fundamentals and hopefully the results tomorrow will provide a positive outlook on the market place.


Regards
GHF

[supreme mo] 06/9/2006 15:33

Got in this am a cheeky 3k at 79.5...

any forecasts as to where share price should be??

[morwood] 06/9/2006 10:45

Posted a summary across in the Fool pub to see what their reaction is. Its never been mentioned on the Fool as far as a can tell.

[ged5] 05/9/2006 19:01

Thanks GHF,

I find it amazing that these value shares drop so much when there is a lack of newsflow. I suppose it's because of having such a small market cap that it goes unnoticed so there is less stability.

Still it gives us the chance to purchase at bargain prices before the newsflow starts again.

[arkan5doerf] 05/9/2006 17:54

read these links:

[glasshalfull] 05/9/2006 17:18

You may be interested in the following BUY recommendation in The Telegraph Questor column dated 24th July 2006: -

FDM Group

Aim-listed FDM Group, the IT recruitment and software company, beat market forecasts with a buoyant trading update earlier this month.
We last tipped the shares in October at 104.5p. Since then a lack of newsflow and profit taking have pulled the company's stock back to 77.5p.
However, we believe there are good reasons why FDM is still worth buying. Edison, the investment research group, has highlighted FDM's "high margin business model and improved earnings visibility" as reasons for backing the company. FDM has also secured new blue-chip clients in the past six months, along with some longer-term contracts.
The group has also announced the appointment of Ivan Martin as a non-executive director, with a view to promoting him to chairman later this year. Martin recently left Misys and remains well regarded in the IT sector.
FDM trades on a price to earnings ratio of just over eight times - a significant discount to the sector average of 15.95 times.
The shares yields 2.8 per cent, which is above the sector average. We think it looks cheap and the shares are good value. Buy.


Regards
GHF

[glasshalfull] 05/9/2006 17:14

Last year when the interims came in (8th Sept) the share price was sitting as 86.5p
By the 3rd October they had risen to 110p, a rise of 27% in the space of 25 days.

Now the the share price is "inexplicably" at a lower level this year - 77.5p - despite the pre close trading update being far more bullish in content in comparison to 2005's and the companies peers reporting robust results and talking of strong market conditions.

Hopefully Thursdays results will see confirmation of this.

Regards
GHF

[ged5] 05/9/2006 09:54

I notice for 2007 it gets even better with an eps of 10.3 to put them on a prospective pe of 7.43. Also a further increase in dividends.

Only 23m shares with 30% held by directors. No institutions involved at a declarable level. I wonder if that might change soon.

A couple of small buys soon moved the share price this morning. Any serious buying and this could rocket.

[glasshalfull] 05/9/2006 09:40

Also good few research notes over on Edison, who incidentally upgraded their EPS target for 2006 to 8.8p following the update.....prosp PER of 8.8 for the year....

They also have a D/V yield of 2% and as I said in my previous post, have net cash on the B/S of £2.3m (31/12/05) which altogether ain't bad for a company with a market cap of £17.8m.

Edison indicate that they will add a further £1m to the net cash position by 31/12/06.




Regards
GHF

[ged5] 05/9/2006 08:49

Hi GHF,

I should have known that if I was searching for undervalued stock that I would find you again. Good to hear from you.

Yes we did very well with EKY.

For anyone wanting to find out a little more about the company:



If Wiganer is still about perhaps you could put it in the header please.

[glasshalfull] 05/9/2006 08:47

Hi


Just posted on another thread that has charts although it looks like most of the discussion takes place over here.

Anyway, I purchased a few this morning and found them hard to get hold of....quite an illiquid market.

If possible can you add charts to this one paddyfool ?


Regards
GHF

[glasshalfull] 05/9/2006 08:34

Hi Ged

The last time we looked at a stock together prior to results was EKY....hopefully these will rise in similar fashion :-)

Been looking at these since the very bullish trading update but they took off before I could research fully.

Anyway with the IT recruitment market buoyant, their cash generative nature and on a single digit PER for 2006 these will hopefully enjoy a rerating.

Kind regards
GHF

[ged5] 04/9/2006 17:01

Interesting little company here that seems to be growing. Notice results are this week according to the website. Should be good after the trading statement.

"Market conditions in both the IT and the recruitment sectors have remained buoyant and the Company's trading has continued to be robust. The Board of FDM is therefore pleased to report that both revenues and profits for the six months to 30 June 2006 were ahead of their expectations...

...The demand for FDM's key areas of expertise remains strong, both in the UK and overseas. In light of the current continued demand for specialist IT staff, the Company's strong, diverse and growing customer base and a healthy pipeline of business, the Board remains confident of FDM's prospects for the remainder of
the year."

Slight tick up today as well.

[zico01] 30/8/2006 23:03

FDM will be announcing its interim results for the six months ended 30 June 2006
on 7 September 2006. There will be an analysts meeting at 9.30am at the offices
of Pelham Public Relations, No. 1 Cornhill, London EC3V 3ND.

[paddyfool] 29/8/2006 10:39

company still performing and doing even better than before....when will this move?

[paddyfool] 11/8/2006 20:37

time.....will cure this discrepency. July/August have been stunning for players in this sector. Demand for technology resource is massive. Normally July and August are very quiet with september being the month where things pick up. So......The upbeat trading statement is only the begining.

[supreme mo] 10/8/2006 13:35

the market decides the price jotoha ;-)

i agree, it is a strange one.

[jotoha1] 10/8/2006 09:02

So whats going on here then, tree shake or what? Company cannot state that they are performing and the mm are taking it down, so who are we to belief?

[supreme mo] 28/7/2006 18:41

any reason for the retracement today or just profit takers??

[jwe] 28/7/2006 07:55

It was also tipped in the Telegraph last weekend-hence the rise.