Fdm Share Discussion Threads

[supreme mo] 11/9/2006 17:04

Hi, think these will go much higher... settled for a t10 profit after selling at 84p netting 100 quid.

If these drop back, I will definately add and hold.. these are a good company with good cash reserves imho.

GL all.

[tole] 11/9/2006 08:36

Hi SM - nothing in the Telegraph this weekend - am sure they will write something as they are usually very good in following up their recent BUY tips.

Nice to see the continual rise here again today.

O/T - Not currently in Chelford at the present time - though will be watching results with interest - personally switched into MXM/TSE as the better plays. Though did notice the recent order from Almac which looked good.

[supreme mo] 11/9/2006 08:24

82-7 now, can only buy 2500 at 86.9 now.. you can sell a 10a at 83 according to squaregain.

[supreme mo] 11/9/2006 08:19

You can sell a 10a at 82p and buy a 10a at 84.9p!

[supreme mo] 10/9/2006 16:24

Anyone bought a copy of the telegraph??

Tole, do you still hold chr??

[morwood] 08/9/2006 16:34

I few trades have pushed the bid up slightly. Last trade went through at 85p. More of the same please.....

[tole] 08/9/2006 15:38

Wonder if we'll see an update in The Telegraph "Equity View" this weekend to follow on from their recent BUY tip in July (and coincidently October last year). Definately would have thought it prudent to mention a little regards the results since they seem to like this one.

[morwood] 08/9/2006 13:41

Thats the way round I like to see. Stock is becoming a bit tight so we could see a big rise soon!

[supreme mo] 08/9/2006 13:07

You can sell 25k at 82p but only buy 10k at 84.9p... things looking better than yesterday

[morwood] 08/9/2006 09:19

I don't get it. Good set of results, in line for the full year yet the share price has barely moved.

Some positive reporting on Sharecast to add to the mix. What's happening?

[tole] 08/9/2006 07:43

FDM profits soar
Thu 07 Sep 2006
FDMG - FDM

LONDON (SHARECAST) - IT recruiter FDM profits jumped three-fold in the half-year to June, boosted by new contracts and strong demand for IT staff.

Interim profits to June jumped to £1.26m from £400,00 on sales up 28% to £21.1m from £16.4m.

"The entire Group has performed well. All of our objectives have been met and we are well placed to continue in this manner," chief executive Rod Flavell said.

He added that the company had won some "cracking" contracts with British Airways, ABN-Amro and EDS. FDM, which runs an apprentice-style scheme to train new IT personnel, said it had 572 contractors placed with clients at the half-year end including 454 freelance contractors and 118 employed after coming through its training scheme.

The pipeline of business opportunities is strong, Flavell added. The interim dividend rises by 20% to 0.6p per share.

[paddyfool] 07/9/2006 21:42

well bro it might be

[bigboss777] 07/9/2006 13:29

cash drop is more than matched by increase in debtors - so assuming there is no fundamental problem with collection its just a timing issue

[morwood] 07/9/2006 13:16

I thought the results where spot on. Just what we were expecting. Once this has settled in we should see the price move up a bit I hope!

[ged5] 07/9/2006 13:02

Thanks Wiganer,

There was just the Telegraph article posted by GHF. The one's you've posted will do me.

[wiganer] 07/9/2006 12:52

Have updated header for links- are there any others to add in?

[tole] 07/9/2006 12:48

Hi GED, GHF

Also hold a small few in here from mid July on the back of that PennyShare Prophet write up - As pointed out nice results - no real negatives - and expect the price to push onwards from here.


FDM Group PLC said it is confident of meeting expectations for the full year after reporting a jump in pretax profit for the six months to June to 1.26 mln stg from 400,000.

Sales in the first half were up 28 pct to 21.12 mln stg from 16.44 mln with the company, which provides IT services and staff, reporting strong trading in all divisions.

Chief executive Rod Flavell "The entire Group has performed well. All of our
objectives have been met and we are well placed to continue in this manner. "The market continues to provide a broad range of opportunities to manage demanding IT projects and address the shortage of appropriately skilled staff.

Our resource base, supported by a best of breed training programme, is better
placed than many organisations to meet these requirements," he added.

FDM said since its July trading update it has continued to trade in line with expectations, and its pipeline of business opportunities is strong.

The group said it will pay an interim dividend of 0.6 pence a share, up from 0.5 pence last year.


Also expect a revised note from Edison Research to be out later tonight or tomorrow.

[ged5] 07/9/2006 11:47

Forget LNG it just plummeted and I'm not sure why yet.

See we've picked up a little here.

[glasshalfull] 07/9/2006 09:01

Bought a few in 2 tranches.....currently at breakeven.

On a risk/reward this seems a decent opportunity. I've had a few companies reporting in the last few days and have seen profit taking/top slicing in most.

As I said, good fundamentals with FDMG. Still plenty of demand in this cycle so hopeful of upside.
My own target price on these was 100p - 25% a few days ago.
Will go over figures in greater detail later (currently juggling with a baby - not literally!).
Seemed impressive bar reduction in cash.


Ged _ Just saw post, will be in touch.


Regards
GHF

[supreme mo] 07/9/2006 08:37

How many you got ghf??

[supreme mo] 07/9/2006 08:34

Yesterday mms were bidding for 25k and you could buy next to nothing.

Today, you can buy 15k and only sell a 10a... someone wants to get rid.

These results seem absolutely fine to me... I was expecting an uplift in share price .. we shall see...

[glasshalfull] 07/9/2006 08:31

Still here.

As long as markets remain strong FDM will perform very well IMO. Good relationships with blue chip customer base.

Downside risk is obviously a global downturn (as pointed out on T.M.F yesterday) so worth keeping a watchful eye out as I'm unsure how they'd cope.


Regards
GHF

[ged5] 07/9/2006 08:27

Agreed results look good at first glance. Will study in more detail later. No hurry to take profits as some have already done. Enjoying the news from one of my miners who brought forward mining start.

GHF,

Would you mind having a look at LNG who have results coming out at the end of the month?

[supreme mo] 07/9/2006 08:19

Very good figures imho and comments to go with them.

You still in bnh glasshalffull??!!