FDM Group (Holdings) (FDM)

Sector:

Support

Index:

FTSE Small Cap

376.50p
   
  • Change Today:
      1.00p
  • 52 Week High: 681.00
  • 52 Week Low: 320.00
  • Currency: UK Pounds
  • Shares Issued: 109.64m
  • Volume: 91,703
  • Market Cap: £412.79m

FDM trading in line as softer market persists

By Josh White

Date: Tuesday 14 May 2024

LONDON (ShareCast) - (Sharecast News) - It professional services provider FDM Group said in an update on Tuesday that the group had performed in line with the board's expectations in the first four months of the year.
The London-listed firm, which was holding its annual general meeting, said the softer trading conditions noted during its preliminary results on 20 March, however, were persisting.

As of 30 April, the group had 3,543 consultants assigned with clients, marking a 26% decrease from the previous year.

That reduction reflected the ongoing assessment of consultant recruitment and Skills Lab deployment to match client demand effectively.

In response to market dynamics, FDM said it had implemented prudent measures to manage fixed costs.

Internal staff headcount decreased by 20% compared to the same period in 2023, aligning with consultant assignments.

The group said it was maintaining its commitment to adjusting resource levels to meet client demands promptly as market conditions evolved.

Despite economic and geopolitical uncertainties affecting client decisions, the group's balance sheet remained robust.

Cash balances stood at £46m as of 30 April, with no debt.

"Whilst many of our clients' decisions on commencing major projects continue to be subject to delay or deferral as a result of the macroeconomic and geo-political uncertainties that remain in most of our regions, we are nevertheless seeing the very early signs of improvement in certain areas," said chair David Lister.

At 0913 BST, shares in FDM Group Holdings were up 1.55% at 389.97p.

Reporting by Josh White for Sharecast.com.

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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 376.50p
Change Today 1.00p
% Change 0.27 %
52 Week High 681.00
52 Week Low 320.00
Volume 91,703
Shares Issued 109.64m
Market Cap £412.79m

FDM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
24.74% above the market average24.74% above the market average24.74% above the market average24.74% above the market average24.74% above the market average
30.43% above the sector average30.43% above the sector average30.43% above the sector average30.43% above the sector average30.43% above the sector average
Price Trend
70.5% below the market average70.5% below the market average70.5% below the market average70.5% below the market average70.5% below the market average
84% below the sector average84% below the sector average84% below the sector average84% below the sector average84% below the sector average
Income
77.81% above the market average77.81% above the market average77.81% above the market average77.81% above the market average77.81% above the market average
77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average
Growth
42.43% below the market average42.43% below the market average42.43% below the market average42.43% below the market average42.43% below the market average
51.02% below the sector average51.02% below the sector average51.02% below the sector average51.02% below the sector average51.02% below the sector average

What The Brokers Say

Strong Buy 1
Buy 2
Neutral 3
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
  Final Interim
Ex-Div 06-Jun-24 21-Sep-23
Paid 28-Jun-24 13-Oct-23
Amount 19.00p 17.00p

Trades for 14-Jun-2024

Time Volume / Share Price
16:35 31,804 @ 376.50p
16:35 1 @ 376.50p
16:35 178 @ 376.50p
16:35 115 @ 376.50p
16:35 406 @ 376.50p

FDM Key Personnel

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

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