Midwich Group (MIDW)

Sector:

Support

Index:

FTSE AIM 50

402.00p
   
  • Change Today:
      7.00p
  • 52 Week High: 521.00
  • 52 Week Low: 340.00
  • Currency: UK Pounds
  • Shares Issued: 103.25m
  • Volume: 50,319
  • Market Cap: £415.07m

Midwich trading in line after record 2021 results

By Josh White

Date: Monday 09 May 2022

LONDON (ShareCast) - (Sharecast News) - Specialist audio-visual distributor Midwich Group said in an update on Monday that trading in the first four months of 2022 had been in line with forecasts.
The AIM-traded firm, which was holding its annual general meeting, noted that its record revenue and adjusted profit before tax in 2021 was achieved as the professional audio-visual market remained below pre-Covid-19 levels.

Chairman Andrew Herbert said the company remained committed to its strategy of delivering strong organic growth, supplemented by targeted acquisitions, as well as building on its expertise across a broader range of markets and products.

"The board was delighted to welcome the DVS and Nimans teams to the group early in the new year, further strengthening our capabilities and presence in the UK AV market," Herbert said.

"Trading in the first four months of the current year has been in line with the Board's expectations and we look forward with confidence."

Midwich said it would announce a trading update for the six months ending 30 June on 19 July.

At 0848 BST, shares in Midwich Group were down 0.86% at 575p.

Email this article to a friend

or share it with one of these popular networks:


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 402.00p
Change Today 7.00p
% Change 1.77 %
52 Week High 521.00
52 Week Low 340.00
Volume 50,319
Shares Issued 103.25m
Market Cap £415.07m

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
11:31 10,286 @ 403.00p
11:30 501 @ 401.50p
11:29 100 @ 402.50p
11:28 117 @ 401.00p
11:23 742 @ 402.50p

Midwich Group Key Personnel

Finance Director Stephen Lamb

Top of Page