Midwich Group (MIDW)

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Support

Index:

FTSE AIM 50

430.00p
   
  • Change Today:
      15.00p
  • 52 Week High: 521.00
  • 52 Week Low: 340.00
  • Currency: UK Pounds
  • Shares Issued: 103.25m
  • Volume: 1,239,615
  • Market Cap: £443.98m

Midwich secures sole distribution rights for 'super-size' LED displays

By Josh White

Date: Thursday 28 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Specialist trade audio visual distributor Midwich Group released its new line of fixed size 130 inch-plus all-in-one LED large format displays on Friday.
The AIM-traded firm said it would have sole distribution rights to Samsung's 130 inch, Absen's 138 inch and LG's 130 inch all-in-one LED displays.

It said the product line-up represented the leading fine pitch indoor LED displays on the market, with the board describing it as a further development of Midwich's large format category.

"It's an exciting time for the LED market, in what is a significant growth area for Midwich," said strategic development manager Lloyd Platt.

"We are already established as the leaders in large format displays across different technologies, and this announcement creates a new extension to this offering, with new bigger, brighter, higher contrast all-in-one LED screens, providing a truly seamless experience for our customers and end-users.

"As well as supplying the exclusive ranges from Samsung, Absen and LG, our diverse range of industry renowned expertise means we can support customers with full project design, large or small; understanding the most complex technical requirements and provide unrivalled aftercare product support, while also supplying 'all-in-one' off-the-shelf packages to meet the needs of our resellers."

Lee Harris, divisional director at Midwich, added that the company was now able to deliver on growing demand for "super-size" presentation and signage screens with the 'all-in-one' fixed sized LED range.

"The screens are built from smaller building blocks meaning they are easy to transport and install, to any building and any floor, right up to the top floor executive boardroom.

"This announcement marks a new era of super-size screens from Midwich and presents peace of mind for our customers, knowing they are manufactured by the world's largest display brands, Samsung and LG, and the world's largest LED specialist display brand, Absen."

At 1616 GMT, shares in Midwich were up 2.55% at 612.22p.

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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 15.00p
% Change 3.61 %
52 Week High 521.00
52 Week Low 340.00
Volume 1,239,615
Shares Issued 103.25m
Market Cap £443.98m

Midwich Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
63.23% below the market average63.23% below the market average63.23% below the market average63.23% below the market average63.23% below the market average
22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average
Price Trend
9.49% below the market average9.49% below the market average9.49% below the market average9.49% below the market average9.49% below the market average
10.89% below the sector average10.89% below the sector average10.89% below the sector average10.89% below the sector average10.89% below the sector average
Income
47.04% above the market average47.04% above the market average47.04% above the market average47.04% above the market average47.04% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Growth
44.01% above the market average44.01% above the market average44.01% above the market average44.01% above the market average44.01% above the market average
28.00% above the sector average28.00% above the sector average28.00% above the sector average28.00% above the sector average28.00% 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 28-Mar-2024

Time Volume / Share Price
11:14 232,984 @ 411.00p
16:35 736 @ 430.00p
16:35 147 @ 430.00p
16:35 93 @ 430.00p
16:35 33 @ 430.00p

Midwich Group Key Personnel

Finance Director Stephen Lamb

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