Midwich Group (MIDW)

Sector:

Support

Index:

FTSE AIM 50

410.00p
   
  • Change Today:
      15.00p
  • 52 Week High: 521.00
  • 52 Week Low: 340.00
  • Currency: UK Pounds
  • Shares Issued: 103.25m
  • Volume: 9,406
  • Market Cap: £423.33m

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 410.00p
Change Today 15.00p
% Change 3.80 %
52 Week High 521.00
52 Week Low 340.00
Volume 9,406
Shares Issued 103.25m
Market Cap £423.33m

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 19-Mar-2024

Time Volume / Share Price
08:43 729 @ 405.00p
08:37 412 @ 405.28p
08:21 750 @ 401.36p
08:00 719 @ 416.70p
08:00 750 @ 410.00p

Midwich Group Key Personnel

Finance Director Stephen Lamb

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