Midwich Group (MIDW)

Sector:

Support

Index:

FTSE AIM 50

429.00p
   
  • Change Today:
    -11.00p
  • 52 Week High: 500.00
  • 52 Week Low: 340.00
  • Currency: UK Pounds
  • Shares Issued: 104.25m
  • Volume: 105,200
  • Market Cap: £447.21m

Midwich lifts profit expectations amid 'particularly strong' trading

By Josh White

Date: Wednesday 15 Dec 2021

LONDON (ShareCast) - (Sharecast News) - Specialist audio visual trade distributor Midwich Group updated the market on its trading on Wednesday, reporting that despite ongoing product shortages, its performance had been "stronger than expected" since its interim results published in early September.
The AIM-traded firm said both the UK and Ireland, and the Europe, Middle East and Africa (EMEA) geographies were performing particularly well.

"As a result, the board expects that adjusted profit before tax for the year ending 31 December will be not less than £30m," the board said in its statement.

"[This] is materially ahead of its previous expectations."

Midwich said it would make its next scheduled trading update on 19 January.

At 1228 GMT, shares in Midwich Group were up 9.05% at 632.5p.

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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 429.00p
Change Today -11.00p
% Change -2.50 %
52 Week High 500.00
52 Week Low 340.00
Volume 105,200
Shares Issued 104.25m
Market Cap £447.21m

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
14:36 233 @ 429.00p
14:15 60 @ 430.00p
14:15 20 @ 432.14p
13:40 437 @ 432.00p
13:40 208 @ 433.00p

Midwich Group Key Personnel

Finance Director Stephen Lamb

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