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Buy FDM Group at a 530p offer

By Tom Winnifrith & Steve Moore | Friday 8 January 2016


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Investment Case: Despite in its current form only listing last year, principally IT personnel provider FDM Group (FDM) is a company we have have previously followed – its shares having previously been on AIM before the group was taken private in 2010. The shares were re-listed, this time on the main market, in June 2014 at 287p and exceeded 575p a couple of months ago before slipping back to a current 530p offer price. This makes its operational growth momentum and (growing) dividend interesting and sees the shares now rated as a buy.


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