FIH Group (FIH)

Sector:

Support

 215.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 274.00
  • 52 Week Low: 205.00
  • Currency: UK Pounds
  • Shares Issued: 12.52m
  • Volume: 810
  • Market Cap: £26.92m

Quieter Falklands trading sees FIH earnings fall

By Josh White

Date: Thursday 20 Apr 2017

LONDON (ShareCast) - (ShareCast News) - Falkland Islands and UK-focussed specialist services company FIH Group updated the market on its trading for the year to 31 March on Thursday, cautioning that the results remained subject to audit and final approval by the board.
The AIM-traded firm said that, as outlined in its trading update of 14 March, trading in the second half was stronger than originally anticipated, although as expected, profitability was still significantly lower than in second half last year due to quieter trading in the Falklands.

Full year underlying profit before tax was therefore likely to be approximately 20-25% lower than the prior year, the board said, in the range of £2.3m - £2.5m, principally due to the reduced contribution from the Falklands operations.

The group's cash flow during the year was strong, the board reported, confirming that after capital investment of over £1.6m - primarily to support long term expansion at Momart - FIH ended the year with record cash balances of £15.1m, an increase of over £1m compared to 31 March 2016.

"The group has delivered a satisfactory trading performance, reflecting the much quieter trading conditions which were expected in the Falklands and the solid performance of the group's UK businesses, which both saw improved profits compared to the prior year," said chairman Edmund Rowland.

"With record cash balances of £15.1m and net cash of £11.3m, giving net cash per FIH share of 90 pence per share, the group's financial position and prospects remain strong.

"As chairman, I remain committed to delivering sustainable long term growth in shareholder value by investing in the strong niche businesses the group already has and by delivering on our promise of securing high quality selective acquisitions."

In line with that commitment, Rowland said the board would be consulting over the coming period with shareholders as to the benefits of a potential return of excess capital and details of its proposals would be made public in the coming weeks, prior to the announcement of the group's full year results on 13 June.

"n the meantime we will immediately commence a process to appoint an experienced independent non-executive director to further strengthen the Board.

"I look forward to updating the market on our growth strategy as the year progresses, as we seek out opportunities that will create an enhanced platform for sustainable long term growth."

Email this article to a friend

or share it with one of these popular networks:


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

 

FIH Group Market Data

Currency UK Pounds
Share Price 215.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 274.00
52 Week Low 205.00
Volume 810
Shares Issued 12.52m
Market Cap £26.92m

FIH Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
28.25% above the market average28.25% above the market average28.25% above the market average28.25% above the market average28.25% above the market average
44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% above the sector average
Price Trend
25.8% below the market average25.8% below the market average25.8% below the market average25.8% below the market average25.8% below the market average
32.67% below the sector average32.67% below the sector average32.67% below the sector average32.67% below the sector average32.67% below the sector average
Income
36.02% above the market average36.02% above the market average36.02% above the market average36.02% above the market average36.02% above the market average
25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average
Growth
99.29% above the market average99.29% above the market average99.29% above the market average99.29% above the market average99.29% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

FIH Group Dividends

  Latest Previous
  Interim Final
Ex-Div 30-Nov-23 28-Sep-23
Paid 12-Jan-24 31-Oct-23
Amount 1.25p 5.30p

Trades for 12-Apr-2024

Time Volume / Share Price
11:13 500 @ 227.00p
08:00 310 @ 215.10p

FIH Group Key Personnel

CEO Stuart Munro
CFO Reuben Shamu

Top of Page