Mind Gym (MIND)

Sector:

Support

Index:

FTSE AIM All-Share

 30.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 62.50
  • 52 Week Low: 29.00
  • Currency: UK Pounds
  • Shares Issued: 100.20m
  • Volume: 63
  • Market Cap: £30.06m
  • RiskGrade: 147

Liberum upgrades Mind Gym to 'buy'

By Iain Gilbert

Date: Friday 27 Nov 2020

LONDON (ShareCast) - (Sharecast News) - Analysts at Liberum upgraded behavioural sciences group Mind Gym to 'buy' on Friday, stating the company's interim results were a "turning point".
Liberum noted that the Covid-19 pandemic had hit Mind Gym's live coaching business, resulting in a 40% fall in sales. However, it also pointed out that the firm's "digitally-enabled" offering increased from 30% to 73% of total sales amid the pandemic.

The analysts also stated that Mind Gym's management recently announced and "ambitious" plan to invest in a "behavioural change ecosystem" would be a drag on profits and cash in the short-term but added that the business was "financially strong" and that the investment should generate growth, increase visibility and ultimately drive margins.

Liberum, which issued the group with a 120.0p target price, said improved trading in October and November pointed to sales recovery and a profitable second half but did admit there was still "a lack of visibility" on the fourth quarter.

"The business is investing in the future and will be very well placed for recovery when it comes, particularly to benefit from the growth in digital. Now that we have greater visibility on the outlook, we re-introduce our 'buy' recommendation," said Liberum.

"Mind Gym offers strong, relatively uncorrelated growth, supported by robust underlying cash flow and a strong balance sheet."

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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 62.50
52 Week Low 29.00
Volume 63
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
27.42% below the market average27.42% below the market average27.42% below the market average27.42% below the market average27.42% 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
79% below the market average79% below the market average79% below the market average79% below the market average79% below the market average
89.9% below the sector average89.9% below the sector average89.9% below the sector average89.9% below the sector average89.9% below the sector average
Income Not Available
Growth
17.5% below the market average17.5% below the market average17.5% below the market average17.5% below the market average17.5% below the market average
19.15% below the sector average19.15% below the sector average19.15% below the sector average19.15% below the sector average19.15% 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 19-Jul-2024

Time Volume / Share Price
15:29 33 @ 30.50p
10:06 30 @ 33.00p

Mind Gym Key Personnel

CFO Dominic Neary

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