FDM Group – “trading statement”, why does it not provide any financial guidance of ‘lower than anticipated’ assigned consultants impact I wonder?!…
By Steve Moore | Monday 13 November 2023
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.
A “trading statement” announcement from IT consultants provider FDM Group (FDM) includes “levels of client engagement continue to give us encouragement and there are some signs that confidence is slowly beginning to return” and “the systemic shortages of technology skills in all the geographies in which FDM operates remain and provide a supportive backdrop”. So, on the back of the trading statement, what of a current share price of 390p… down 16.5%?!
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