Marlowe (MRL)

Sector:

Support

Index:

FTSE AIM 100

 524.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 666.00p
  • 52 Week Low: 314.00p
  • Currency: UK Pounds
  • Shares Issued: 96.86m
  • Volume: 475,585
  • Market Cap: £507.53m

Marlowe acquires Morgan Fire in £5m deal

By Josh White

Date: Friday 25 Sep 2020

LONDON (ShareCast) - (Sharecast News) - Specialist services group Marlowe has acquired Morgan Fire Protection for a net consideration of £5.0m, it announced on Friday.
The AIM-traded firm said the business generated revenues of £4.3m and adjusted EBITDA of £0.8m in the year ended 31 March.

It had net assets of £1.3m as at 31 July.

The acquisition was being funded from Marlowe's existing cash resources, the company said.

"Morgan Fire, based in Hertfordshire, provides a range of fire safety services predominantly to small to medium enterprises in and around London and south east England," the board said in its statement.

"Morgan Fire employs 55 staff and adds further scale and capability to Marlowe's Fire division."

At 0942 BST, shares in Marlowe were up 0.84% at 539.5p.

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.

 

Marlowe Market Data

Currency UK Pounds
Share Price 524.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 666.00p
52 Week Low 314.00p
Volume 475,585
Shares Issued 96.86m
Market Cap £507.53m

Marlowe Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
27.51% below the market average27.51% below the market average27.51% below the market average27.51% below the market average27.51% below the market average
1.1% below the sector average1.1% below the sector average1.1% below the sector average1.1% below the sector average1.1% below the sector average
Price Trend
18.36% below the market average18.36% below the market average18.36% below the market average18.36% below the market average18.36% below the market average
43.43% below the sector average43.43% below the sector average43.43% below the sector average43.43% below the sector average43.43% below the sector average
Income Not Available
Growth
69.00% above the market average69.00% above the market average69.00% above the market average69.00% above the market average69.00% above the market average
71.72% above the sector average71.72% above the sector average71.72% above the sector average71.72% above the sector average71.72% above the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 2
Sell 0
Strong Sell 0
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Marlowe Dividends

No dividends found

Trades for 17-May-2024

Time Volume / Share Price
13:38 53,494 @ 524.00p
16:37 10,518 @ 524.00p
16:36 5,000 @ 524.00p
16:36 5,000 @ 524.00p
16:35 5,000 @ 524.00p

Marlowe Key Personnel

CFO Adam Councell

Top of Page