Ince Group (The) (INCE)

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Index:

FTSE AIM All-Share

 24.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 81.00
  • 52 Week Low: 20.00
  • Currency: UK Pounds
  • Shares Issued: 87.01m
  • Volume: 99,118
  • Market Cap: £20.88m
  • RiskGrade: 403

Ince Group pulls dividend after Covid-19 hits UK

By Sean Farrell

Date: Thursday 26 Mar 2020

LONDON (ShareCast) - (Sharecast News) - Ince Group has withdrawn its dividend and financial guidance after the Covid-19 virus had a major impact on its UK business.
The AIM-traded legal and professional services company said the Covid-19 pandemic had spread from China to affect all its international offices and was now taking its toll in the UK. The company withdrew its guidance for 2020 and 2021.

Ince warned its clients' businesses may also be hurt by the coronavirus crisis, raising questions about the timing and collection of fees. Ince is limiting discretionary spending to items required to meet clients' expectations. It is looking at other ways to cut costs.

"The board has now concluded that it is not possible to forecast the group's trading performance during the pandemic," Ince said. "Given the level of uncertainty about the global economies generally and the impact this will undoubtedly have on cash flows, the board has in the interests of prudence resolved to cancel the interim dividend due for payment on 16 April 2020."

Ince shares fell 13.7% to 22p at 11:49 GMT.

The company said it believed payments to shareholders were important and that it would review its position on the dividend when it finalises its results for the year to the end of March. It plans to announce the results in early July 2020.



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

Note 2: RiskGrade figures are provided by RiskMetrics.

 

INCE Market Data

Currency UK Pounds
Share Price 24.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 81.00
52 Week Low 20.00
Volume 99,118
Shares Issued 87.01m
Market Cap £20.88m
RiskGrade 403

INCE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.13% above the market average96.13% above the market average96.13% above the market average96.13% above the market average96.13% above the market average
94.12% above the sector average94.12% above the sector average94.12% above the sector average94.12% above the sector average94.12% above the sector average
Price Trend
74.65% below the market average74.65% below the market average74.65% below the market average74.65% below the market average74.65% below the market average
75.44% below the sector average75.44% below the sector average75.44% below the sector average75.44% below the sector average75.44% below the sector average
Income Not Available
Growth
43.14% above the market average43.14% above the market average43.14% above the market average43.14% above the market average43.14% above the market average
47.66% above the sector average47.66% above the sector average47.66% above the sector average47.66% above the sector average47.66% above the sector average

INCE Dividends

  Latest Previous
  Interim Final
Ex-Div 17-Mar-22 29-Aug-19
Paid 20-Apr-22 16-Oct-19
Amount 0.50p 4.00p

Trades for 17-May-2022

Time Volume / Share Price
11:14 93,118 @ 23.50p
08:47 6,000 @ 23.50p

INCE Key Personnel

CEO Adrian Biles
CFO Simon Oakes

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