Morgan Advanced Materials (MGAM)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

313.00p
   
  • Change Today:
      7.00p
  • 52 Week High: 313.00
  • 52 Week Low: 218.50
  • Currency: UK Pounds
  • Shares Issued: 285.37m
  • Volume: 485,108
  • Market Cap: £893.21m

Morgan Advanced Materials shares surge as annual guidance lifted

By Frank Prenesti

Date: Friday 04 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Shares in Morgan Advanced Materials surged on Friday as the carbon and ceramic metals manufacturer lifted profit and revenue guidance as sales for the first nine months of the year rose 10.5%.
The company said it now expected full year organic constant-currency growth to be in the range 7-9%, above previous guidance, and adjusted operating profit to be marginally above the top end of current analysts' forecasts.

"We are delivering robust revenue growth, despite the challenging environment, and improving profitability, with inflation continuing to be more than offset by pricing and continuous improvement activity," said chief executive Peter Raby.

Reporting by Frank Prenesti for Sharecast.com

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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 313.00p
Change Today 7.00p
% Change 2.29 %
52 Week High 313.00
52 Week Low 218.50
Volume 485,108
Shares Issued 285.37m
Market Cap £893.21m

MGAM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.58% above the market average75.58% above the market average75.58% above the market average75.58% above the market average75.58% above the market average
88.24% above the sector average88.24% above the sector average88.24% above the sector average88.24% above the sector average88.24% above the sector average
Price Trend
70.95% above the market average70.95% above the market average70.95% above the market average70.95% above the market average70.95% 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
52.94% above the market average52.94% above the market average52.94% above the market average52.94% above the market average52.94% 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
94.12% below the sector average94.12% below the sector average94.12% below the sector average94.12% below the sector average94.12% below the sector average

What The Brokers Say

Strong Buy 4
Buy 4
Neutral 2
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-Apr-2024

Time Volume / Share Price
14:34 484 @ 313.00p
14:34 191 @ 313.00p
14:34 2,309 @ 313.00p
14:32 12 @ 313.00p
14:31 207 @ 312.50p

MGAM Key Personnel

CEO Pete Raby
CFO Richard Armitage

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