Morgan Advanced Materials (MGAM)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

321.50p
   
  • Change Today:
      2.50p
  • 52 Week High: 331.00
  • 52 Week Low: 218.50
  • Currency: UK Pounds
  • Shares Issued: 285.37m
  • Volume: 1,148,744
  • Market Cap: £917.46m

Morgan Advanced Materials completes refinancing with £200m facility

By Josh White

Date: Friday 28 Sep 2018

LONDON (ShareCast) - (Sharecast News) - Morgan Advanced Materials has entered into a new banking financing agreement to replace its existing facility, it announced on Friday which was due to mature in October 2019.
The FTSE 250 company said the new £200m syndicated revolving credit facility had a maturity of five years to September 2023, with two additional one year extension options at the discretion of the banks, and was secured on terms "substantially equivalent" to the existing facility.

"This refinancing further extends the maturity of the group's outstanding indebtedness," the firm's board said in its statement.

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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 321.50p
Change Today 2.50p
% Change 0.78 %
52 Week High 331.00
52 Week Low 218.50
Volume 1,148,744
Shares Issued 285.37m
Market Cap £917.46m

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 28-May-2024

Time Volume / Share Price
11:48 280,000 @ 323.00p
11:48 275,000 @ 323.00p
16:35 223,933 @ 321.50p
16:35 1 @ 321.50p
16:35 617 @ 321.50p

MGAM Key Personnel

CEO Pete Raby
CFO Richard Armitage

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