Marlowe (MRL)

Sector:

Support

Index:

FTSE AIM 100

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

Marlowe buys Wrightway Health for £3.5m

By Josh White

Date: Monday 30 Nov 2020

LONDON (ShareCast) - (Sharecast News) - Specialist safety services company Marlowe has acquired Wrightway Health for an initial consideration of £3.5m, it announced on Monday.
The AIM-traded firm said Wrightway, established in 2013, is based in Norwich, and provides occupational health services to businesses in the east and south east of England.

"For the year ended 30 April, Wrightway generated an adjusted EBITDA of £0.7m on revenues of £2.7m," the board said in its short statement.

"Net assets at 30 April 2020 were £0.6m."

Marlowe said the total enterprise value was expected to be in the region of £4.5m, including a 12-month contingent cash earn-out expected to be in the region of £1m.

"The acquisition will be funded from Marlowe's existing cash resources."

At 1600 GMT, shares in Marlowe were up 2.86% at 576p.

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 666.00
52 Week Low 314.00
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