Morgan Advanced Materials (MGAM)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

326.50p
   
  • Change Today:
      3.50p
  • 52 Week High: 329.00
  • 52 Week Low: 218.50
  • Currency: UK Pounds
  • Shares Issued: 285.37m
  • Volume: 241,719
  • Market Cap: £931.73m

Morgan Advanced Materials sees boost from US tax cuts

By Frank Prenesti

Date: Wednesday 24 Jan 2018

LONDON (ShareCast) - (ShareCast News) - Morgan Advanced Materials said it expected its US tax rate to fall to between 28%-29% from 30% after President Donald Trump's tax cuts.
The company said the new law would also require a revaluation of its US deferred tax balances.

"Our initial assessment is that this is likely to lead to a non-cash credit for 2017, which will be reflected as a specific adjusting item," Morgan said.

"We note that certain aspects of the new law may be subject to future clarification and as such could affect the extent to which the Group is impacted by the reduction in the headline tax rate," it added.

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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 326.50p
Change Today 3.50p
% Change 1.08 %
52 Week High 329.00
52 Week Low 218.50
Volume 241,719
Shares Issued 285.37m
Market Cap £931.73m

MGAM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
62.90% above the market average62.90% above the market average62.90% above the market average62.90% above the market average62.90% above the market average
88.89% above the sector average88.89% above the sector average88.89% above the sector average88.89% above the sector average88.89% above the sector average
Price Trend
68.55% above the market average68.55% above the market average68.55% above the market average68.55% above the market average68.55% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average
Income
44.51% above the market average44.51% above the market average44.51% above the market average44.51% above the market average44.51% 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
83.17% below the market average83.17% below the market average83.17% below the market average83.17% below the market average83.17% 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 15-May-2024

Time Volume / Share Price
16:35 145,683 @ 326.50p
16:35 811 @ 326.50p
16:35 604 @ 326.50p
16:35 696 @ 326.50p
16:35 1,300 @ 326.50p

MGAM Key Personnel

CEO Pete Raby
CFO Richard Armitage

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