Midwich Group (MIDW)

Sector:

Support

Index:

FTSE AIM 50

 430.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 500.00
  • 52 Week Low: 340.00
  • Currency: UK Pounds
  • Shares Issued: 104.25m
  • Volume: 166,376
  • Market Cap: £448.25m

Midwich to beat expectations as acquisitions drive margins improvement

By Duncan Ferris

Date: Friday 20 Jul 2018

LONDON (ShareCast) - (Sharecast News) - Specialist audio visual and document solutions distributor Midwich on Friday reported that it will exceed expectations for the full year following an "encouraging first half performance".
The AIM traded firm said top line growth was delivered across all regions the first half of the year, with the acquisition of three new businesses in 2017 driving an improvement in overall gross margins.

During the year Midwich bought audio and lighting distributor Sound Technology, Dutch audio-visual provider Gebroeders van Domburg and Spain and Portugal-based distributor Earpro.

Cash generation was lower due to an investment in working capital, but Midwich said that it continues to expect it to be in line with long term forecasts.

The company will announce its half year results for the six months ended 30 June on 11 September.

Midwich's shares were up 3.82% at 680.00p at 1031 BST.

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

 

Midwich Group Market Data

Currency UK Pounds
Share Price 430.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 500.00
52 Week Low 340.00
Volume 166,376
Shares Issued 104.25m
Market Cap £448.25m

Midwich Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
58.66% below the market average58.66% below the market average58.66% below the market average58.66% below the market average58.66% below the market average
2.22% below the sector average2.22% below the sector average2.22% below the sector average2.22% below the sector average2.22% below the sector average
Price Trend
16.36% below the market average16.36% below the market average16.36% below the market average16.36% below the market average16.36% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Income
54.27% above the market average54.27% above the market average54.27% above the market average54.27% above the market average54.27% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Growth
50.25% above the market average50.25% above the market average50.25% above the market average50.25% above the market average50.25% above the market average
35.35% above the sector average35.35% above the sector average35.35% above the sector average35.35% above the sector average35.35% above the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Midwich Group Dividends

  Latest Previous
  Final Interim
Ex-Div 09-May-24 21-Sep-23
Paid 14-Jun-24 27-Oct-23
Amount 11.00p 5.50p

Trades for 03-May-2024

Time Volume / Share Price
16:35 10,074 @ 430.00p
16:35 1,975 @ 430.00p
16:35 6 @ 430.00p
16:35 2,633 @ 430.00p
16:35 93 @ 430.00p

Midwich Group Key Personnel

Finance Director Stephen Lamb

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