Shares digital

Even though a trading statement from RM (RM.) saw the education software supplier insist full-year profits will meet analyst forecasts, investors were not so sure. Shares were marked down 6% intra-day, to a four month low of 194.25p, when chief executive Tim Pearson admitted profits will be even more weighted toward the second half than usual. Pearson cited rising bidding costs and delays in converting booming order intake into sales.

Shares says: Exposure to an area of guaranteed government spend still looks attractive. RM