Morgan Advanced Materials (MGAM)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

319.00p
   
  • Change Today:
    -2.50p
  • 52 Week High: 331.00
  • 52 Week Low: 218.50
  • Currency: UK Pounds
  • Shares Issued: 285.37m
  • Volume: 452,351
  • Market Cap: £910.33m

Morgan Advanced Materials raises $112m and €60m in private placement

By Josh White

Date: Friday 28 Oct 2016

LONDON (ShareCast) - (ShareCast News) - Morgan Advanced Materials announced on Friday that it has raised $112m and €60m with the completion of a US private placement.
The FTSE 250 firm said the new debt extends the group's debt maturity profile and will be used for repayment of existing indebtedness and other general corporate purposes.

It said the issue comprised $112m in tranches of seven and 10 year Senior Unsecured Notes, which were issued at an average coupon of 3.34% and blended term of 9.6 years.

Morgan said it also comprised €60m in tranches of seven, 10, and 12 year Senior Unsecured Notes, which were issued at an average coupon of 1.43% and blended term of 9.1 years.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

MGAM Market Data

Currency UK Pounds
Share Price 319.00p
Change Today -2.50p
% Change -0.78 %
52 Week High 331.00
52 Week Low 218.50
Volume 452,351
Shares Issued 285.37m
Market Cap £910.33m

MGAM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
66.71% above the market average66.71% above the market average66.71% above the market average66.71% above the market average66.71% above the market average
94.44% above the sector average94.44% above the sector average94.44% above the sector average94.44% above the sector average94.44% above the sector average
Price Trend
61.51% above the market average61.51% above the market average61.51% above the market average61.51% above the market average61.51% above the market average
69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average
Income
49.69% above the market average49.69% above the market average49.69% above the market average49.69% above the market average49.69% above the market average
85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average
Growth
82.98% below the market average82.98% below the market average82.98% below the market average82.98% below the market average82.98% below the market average
94.29% below the sector average94.29% below the sector average94.29% below the sector average94.29% below the sector average94.29% below the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 3
Sell 0
Strong Sell 0
Total 10
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MGAM Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Apr-24 26-Oct-23
Paid 17-May-24 17-Nov-23
Amount 6.70p 5.30p

Trades for 29-May-2024

Time Volume / Share Price
10:45 1 @ 318.50p
10:41 2 @ 317.00p
10:23 270 @ 319.00p
10:05 2 @ 319.50p
10:05 100 @ 319.50p

MGAM Key Personnel

CEO Pete Raby
CFO Richard Armitage

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