FDM’s trading update provides reassurance around the 2018 outcome (which appears to be ahead of our expectations in terms of revenue and Mountie numbers) and in terms of the outlook for 2019 and beyond. The announcement describes “record levels of client engagement and demand” and presents a strong and upbeat message. We take comfort from both the metrics and the upbeat tone – we make no changes to forecasts, but strongly reiterate our Buy recommendation and 1050p Targ
22 Jan 2019
2018 rock solid – 2019 off to a good start
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2018 rock solid – 2019 off to a good start
FDM Group (Holdings) plc (FDM:LON) | 331 0 0.0% | Mkt Cap: 362.9m
- Published:
22 Jan 2019 -
Author:
Gareth Evans -
Pages:
6
FDM’s trading update provides reassurance around the 2018 outcome (which appears to be ahead of our expectations in terms of revenue and Mountie numbers) and in terms of the outlook for 2019 and beyond. The announcement describes “record levels of client engagement and demand” and presents a strong and upbeat message. We take comfort from both the metrics and the upbeat tone – we make no changes to forecasts, but strongly reiterate our Buy recommendation and 1050p Targ