Hi Rob,
Great to have you on board again!
FCL has indeed enjoyed an excellent 2025 so far, trading up as high as $2.79 during the week taking it up a whopping +45% in the last 2-weeks. Over the last fortnight the news has been light on for FCL, but we did like their business update in mid-April:
- FCL a global leader in core systems for life, accident and health insurers announced a strategic partnership with Sutherland a global leader in business and digital transformation and an insurance TPA.
- Simply they are looking to transform absence solutions for U.S. employee benefit carriers.
The deal reads extremely well although an almost 50% bullish re-rating for FCL is a big move but the stock only trades ~$1mn worth of stock a day so it wouldn’t take much in the way of $$ commitment to move the share price as we’ve seen. This is a very good business, and once their technology is embedded within an insurer, it’s very sticky. Price action is often a very good guide to how well a company is doing, and clearly this is a bullish set-up.