Mind Gym (MIND)

Sector:

Support

Index:

FTSE AIM All-Share

 30.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 62.50p
  • 52 Week Low: 30.00p
  • Currency: UK Pounds
  • Shares Issued: 100.20m
  • Volume: 0
  • Market Cap: £30.06m
  • RiskGrade: 147

Mind Gym H1 trading 'materially affected' by Covid-19

By Iain Gilbert

Date: Friday 16 Oct 2020

LONDON (ShareCast) - (Sharecast News) - Training solutions provider Mind Gym said on Friday that its first-half trading performance had reflected the ongoing disruption caused by the Covid-19 pandemic to its global client base.
Mind Gym said as its clients focused on dealing with their own operational changes, they were forced to cancel face-to-face leadership events and training programmes, with most of the new work usually commissioned with the firm between February and July being suspended.

However, revenues from virtual live deliveries increased significantly to 78% of total revenues, compared to 32% for the same period in 2019, with revenue for the six months ended 30 September now expected to be 40% weaker year-on-year at £14.5m.

Both US and Europe, the Middle East and Asia trading were "materially affected" by Covid-19, with revenues expected to be 36% and 44% weaker, respectively.

Mind Gym highlighted that it continued to maintain "a resilient balance" sheet - with £14.5m cash at the end of the half.

Looking forward, the AIM-listed group stated that October was forecast to deliver a marked increase in revenue, and added that its pipeline had "expanded substantially".

"As a result, it is anticipated that the second half of the current financial year ending 31 March 2021, will see significant growth in both revenue and profits compared to the first half of this year," said Mind Gym.

As of 0910 BST, Mind Gym shares were down 4.28% at 89.50p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Mind Gym Market Data

Currency UK Pounds
Share Price 30.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 62.50p
52 Week Low 30.00p
Volume 0
Shares Issued 100.20m
Market Cap £30.06m
RiskGrade 147

Mind Gym Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
27.03% below the market average27.03% below the market average27.03% below the market average27.03% below the market average27.03% below the market average
26.09% below the sector average26.09% below the sector average26.09% below the sector average26.09% below the sector average26.09% below the sector average
Price Trend Not Available
Income Not Available
Growth
17.92% below the market average17.92% below the market average17.92% below the market average17.92% below the market average17.92% below the market average
21.28% below the sector average21.28% below the sector average21.28% below the sector average21.28% below the sector average21.28% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Mind Gym Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Dec-19 01-Aug-19
Paid 15-Jan-20 30-Aug-19
Amount 0.90p 1.60p

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

Mind Gym Key Personnel

CFO Dominic Neary

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