Analysing the business performances of LSE listed FDM, SCS, BRW and FAB

FDM Group (Holdings) Plc

FDM Group (Holdings) Plc (LON: FDM) is a London-headquartered international professional services company which recruits, trains and deploys its own permanent IT and business consultants at client sites across several sectors, with operations in Europe, North America and APAC. The group hires those looking    to return to work after a career break, ex-forces personnel and graduates and equips them with relevant technical skills to work with clients on operational and business transformation programmes. The company specialises in a range of technical and business disciplines and can provide scalable resources at short notice and across multiple client sites with flexible contract terms. The operations of the group are differentiated in four geographical segments, namely UK and Ireland, North America, Asia Pacific, and Rest of Europe, Middle East and Africa, excluding UK and Ireland

The shares of the company are listed on the London Stock Exchange in the Premium Main Market Segment. There they are identified and trade with the ticker name FDM, and also form part of the FTSE 250 index.

Trading update

The company on 29 January 2020 came out with a trading update for the year to 31 December 2019, ahead of its full year results release on 11 March 2020.

  • The Revenue of the company for the year ended 31 December 2019 stood at £272 million, whereas for financial year 2018 the revenues of the company stood at £245 million.
  • Cash balance at the end of the period was £37 million and there was no debt on the company’s balance sheet.

Performance of the company’s stock at the London Stock Exchange

Source – Thomson Reuters

The shares of the company at the time closing of trade on 29 January 2020 were trading at GBX 999.00. In the past 52 weeks to date the shares have registered a high of GBX 1,103.80 and a low of GBX 645.00. The market capitalisation of the company on the London Stock Exchange at the time of preparation of this report stood at £1.07 billion.

Outlook

The company has given a good performance in the year 2019 with revenues growing by 11 per cent. The company has already made a strong start for 2020.

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SCS Group Plc

SCS Group Plc (LSE: SCS) is a Sunderland, United Kingdom based consumer services company that is involved in the business of furniture and carpets. The company’s origins can be traced back to 1894 when they started out as a general home furnishing store to now when the company is a market leader in sofa and carpets. The company’s product segments include Fabric Sofas, Leather Sofas, Carpets, Curtains and Flooring Products, as well as furnishings for Dining Rooms and Living Rooms. The company sells its sofas under the guise of its brands such as La-z-boy, which is a market leading recliner brand, G Plan- which provides both recliners as well as static sofas, Sisitalia- which has been driven by premium Italian design for comfort, Endurance- a blend of durability and luxury and Luxe by Tetrad, a collection of the company’s premium sofas.

The shares of the company are listed on the London Stock Exchange in the Premium Main Market Segment. There they are identified and trade with the ticker name SCS, and form part of the FTSE Allsmall index.

Trading update

The company on 29 January 2020 came out with a trading update on the interim results for the 26 weeks ended 25 January 2020, ahead of it being released on 17 March 2020.

  • In  the 26 weeks ended 25 January 2020 there was a like-for-like order intake decrease of 4.4 per cent and a two year like-for-like order intake decrease of 2.9 per cent.
  • The Group CEO, David Knight, has decided to retire from his position and exit the group.

Performance of the company’s stock at the London Stock Exchange

Source – Thomson Reuters

The shares of the company at the time closing of trade on 29 January 2020 were trading at GBX 242.00. In the past 52 weeks to date the shares have registered a high of GBX 265.00 and a low of GBX 210.00. The market capitalisation of the company on the London Stock Exchange at the time of preparation of this report stood at £90.09 million.

Outlook

The company for the period delivered a not so encouraging performance. The company continues to reel under the uncertain business environment prevalent in United Kingdom and expects to perform better when the conditions improve.

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Brewin Dolphin Holdings PLC

Brewin Dolphin Holdings PLC (LSE: BRW) is a provider of wealth management services. The Company also offers personalized wealth management services. Its services include Financial Planning, Wealth Management, Managed Portfolio Service (MPS), Investment Management, Advisory and Brewin Portfolio Service (BPS). It engaged in Managed Portfolio Service and Discretionary Management Service.

The shares of the company are listed on the London Stock Exchange in the Premium Main Market Segment. There they are identified and trade with the ticker name BRW, and also form part of the FTSE 250 index.

Trading update

The company on 29 January 2020 came out with a trading update on the first quarter performance of the company ending on 31 December 2019.

  • The Total quarterly income of the company for the period amounted to £89.6 million, compared to Q1 2019 income of £77.7m which is an increase of 15.3 per cent.
  • Total funds at the end of the period increased by 7.8% to £5 billion.

Performance of the company’s stock at the London Stock Exchange

Source – Thomson Reuters

The shares of the company at the time closing of trade on 29 January 2020 were trading at GBX 361.00. In the past 52 weeks to date the shares have registered a high of GBX 377.20 and a low of GBX 284.19. The market capitalisation of the company on the London Stock Exchange at the time of preparation of this report stood at £1.08 billion.

Outlook

The company has given a sterling performance during the period marking a 15.3 per cent jump in income during this quarter compared to the corresponding previous period. The management is hopeful that the company do well during the rest of the year as well, underpinned by improving business conditions in the United Kingdom

Fusion Antibodies Plc

Fusion Antibodies Plc (LON: FAB) is a Belfast, United Kingdom based Healthcare equipment as well as Healthcare service provider. The company’s primary activities include the research and development around the scientific area of Antibodies and transitioning toward production and commercialisation of products coming into the picture from the research. The company performs various engineering activities such as Antibody Sequencing and Antibody Humanization.

Trading update

The company on 29 January 2020 came out with a trading update on the third quarter performance of the company ahead of the full year period ending on 31 March 2020.

  • The company expects its revenues for the period to be significantly ahead of the current market expectations.
  • The company continues investing in new services including the Mammalian Antibody Library.

Performance of the company’s stock at the London Stock Exchange

Source – Thomson Reuters

The shares of the company at the time closing of trade on 29 January 2020 were trading at GBX 102.00. In the past 52 weeks to date the shares have registered a high of GBX 102.00 and a low of GBX 25.00. The market capitalisation of the company on the London Stock Exchange at the time of preparation of this report stood at £20.32 million.

Outlook

The company expects to outperform market expectations for the full year. However, the majority of revenues are coming from existing services and the company expects its gross margin to remain lower for the period as realizations from newer high margin services are a little hard to come by.

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