Midwich Group (MIDW)

Sector:

Support

Index:

FTSE AIM 50

395.00p
   
  • Change Today:
    -3.00p
  • 52 Week High: 521.00
  • 52 Week Low: 340.00
  • Currency: UK Pounds
  • Shares Issued: 103.25m
  • Volume: 45,992
  • Market Cap: £407.84m

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 395.00p
Change Today -3.00p
% Change -0.75 %
52 Week High 521.00
52 Week Low 340.00
Volume 45,992
Shares Issued 103.25m
Market Cap £407.84m

Midwich Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
57.7% below the market average57.7% below the market average57.7% below the market average57.7% below the market average57.7% below the market average
10.11% below the sector average10.11% below the sector average10.11% below the sector average10.11% below the sector average10.11% below the sector average
Price Trend
32.46% below the market average32.46% below the market average32.46% below the market average32.46% below the market average32.46% below the market average
37.86% below the sector average37.86% below the sector average37.86% below the sector average37.86% below the sector average37.86% below the sector average
Income
49.49% above the market average49.49% above the market average49.49% above the market average49.49% above the market average49.49% above the market average
59.38% above the sector average59.38% above the sector average59.38% above the sector average59.38% above the sector average59.38% above the sector average
Growth
64.84% above the market average64.84% above the market average64.84% above the market average64.84% above the market average64.84% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% 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
  Interim Final
Ex-Div 21-Sep-23 04-May-23
Paid 27-Oct-23 16-Jun-23
Amount 5.50p 10.50p

Trades for 18-Mar-2024

Time Volume / Share Price
16:35 803 @ 395.00p
16:35 261 @ 395.00p
16:35 26 @ 395.00p
16:35 94 @ 395.00p
16:35 131 @ 395.00p

Midwich Group Key Personnel

Finance Director Stephen Lamb

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