Jaywing (JWNG)

Sector:

Media

Index:

FTSE AIM All-Share

 9.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 12.50p
  • 52 Week Low: 8.35p
  • Currency: UK Pounds
  • Shares Issued: 93.33m
  • Volume: 17,354
  • Market Cap: £8.87m

Jaywing losses widen as outflows offset sales momentum

By Iain Gilbert

Date: Tuesday 20 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Jaywing saw losses widen in the first half of its trading year as building sales momentum and the benefits of cost realignment and debt reduction were offset by an increase in outgoings.
Jaywing losses widened 68% year-on-year to £634,000 despite as the 1.2% uptick seen in gross profits was partially offset by a 0.7% contraction in EBITDA margins to 7.3%.

Losses per share also bloated to 0.68p from the 0.44p recorded a year earlier as the company paid down debt, interest costs increases and taxes.

Looking forward, Jaywing doesn't anticipate market conditions improving in the UK given the general level of uncertainty ahead of the UK's withdrawal from the European Union on 29 March 2019 but believes its differentiated offering makes it well placed to capitalise on growth opportunities in both the UK and Australia.

In a separate announcement, the AIM-listed media outfit revealed that it had exchanged contracts for the sale of HSM, its contact centre business, to Bidco for a cash consideration of £500,000.

HSM recorded revenues of £6.03m, an EBITDA of £136,000 and a pre-tax loss of £30,000 in the year ended 31 March.

As of 1130 GMT, Jaywing shares had dipped 1.62% to 18.20p.

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

 

Jaywing Market Data

Currency UK Pounds
Share Price 9.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 12.50p
52 Week Low 8.35p
Volume 17,354
Shares Issued 93.33m
Market Cap £8.87m

Jaywing Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
32.59% above the market average32.59% above the market average32.59% above the market average32.59% above the market average32.59% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Income Not Available
Growth
57.73% below the market average57.73% below the market average57.73% below the market average57.73% below the market average57.73% below the market average
66.04% below the sector average66.04% below the sector average66.04% below the sector average66.04% below the sector average66.04% below the sector average

Jaywing Dividends

No dividends found

Trades for 16-Aug-2022

Time Volume / Share Price
14:48 50 @ 9.78p
09:14 17,304 @ 9.00p

Jaywing Key Personnel

CEO Andrew Robert Fryatt

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