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FDM Group – full-year results emphasise “agile business model”… then deliver a significant profit warning!

By Steve Moore | Wednesday 20 March 2024


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.


Previously on IT consultants provider FDM Group (FDM), in November with the shares down to 390p I wrote “trading statement”, why does it not provide any financial guidance of ‘lower than anticipated’ assigned consultants impact I wonder?!, concluding still avoid/sell. The shares most recently closed at 390.5p, but what of them currently down to 348p on the back of the group’s calendar year 2023 results announcement?

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