Midwich Group (MIDW)

Sector:

Support

Index:

FTSE AIM 50

 440.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 500.00
  • 52 Week Low: 340.00
  • Currency: UK Pounds
  • Shares Issued: 104.25m
  • Volume: 1,305
  • Market Cap: £458.68m

Midwich ends Music Tribe distribution in North America

By Josh White

Date: Friday 23 Oct 2020

LONDON (ShareCast) - (Sharecast News) - Audio visual distributor Midwich Group announced on Friday that it would be ending the distribution of Music Tribe products by its North American business, Starin Marketing.
The AIM-traded firm said Starin and Music Tribe had decided to transition Starin's current US distribution and channel management to a Music Tribe-owned distribution model.

It said the current structure of channel partner-reseller service, rep management and product delivery would be transitioned to Music Tribe, to merge into its existing warranty and service support operation in Nevada.

As part of the transition, which was expected to complete by the end of the year, Starin would migrate selected process and a small number of team members to Music Tribe, together with the return of unsold Music Tribe inventory.

"Following more than 10 years of successful collaboration between Music Tribe and Starin, we are committed to a smooth and efficient transition over the next few months," said Starin president Bobby Swartz.

"This development will allow Starin to fully focus on higher margin, value added AV products and distribution, supporting its customers with technical expertise, extensive product knowledge and strong customer service.

"Starin continues to invest in and grow its unified communications practice both domestically and globally via the Midwich Group."

At 1120 BST, shares in Midwich Group were up 2.35% at 349p.

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Midwich Group Market Data

Currency UK Pounds
Share Price 440.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 500.00
52 Week Low 340.00
Volume 1,305
Shares Issued 104.25m
Market Cap £458.68m

Midwich Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
66.47% below the market average66.47% below the market average66.47% below the market average66.47% below the market average66.47% 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
11.17% below the market average11.17% below the market average11.17% below the market average11.17% below the market average11.17% below the market average
20.79% below the sector average20.79% below the sector average20.79% below the sector average20.79% below the sector average20.79% below the sector average
Income
45.55% above the market average45.55% above the market average45.55% above the market average45.55% above the market average45.55% above the market average
56.25% above the sector average56.25% above the sector average56.25% above the sector average56.25% above the sector average56.25% above the sector average
Growth
46.85% above the market average46.85% above the market average46.85% above the market average46.85% above the market average46.85% above the market average
30.00% above the sector average30.00% above the sector average30.00% above the sector average30.00% above the sector average30.00% 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 23-Apr-2024

Time Volume / Share Price
09:20 142 @ 445.10p
08:39 999 @ 442.10p
08:33 7 @ 444.95p
08:11 157 @ 444.10p

Midwich Group Key Personnel

Finance Director Stephen Lamb

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