Mind Gym (MIND)

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 117.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 192.50
  • 52 Week Low: 117.50
  • Currency: UK Pounds
  • Shares Issued: 100.11m
  • Volume: 0
  • Market Cap: £117.62m
  • RiskGrade: 147

Mind Gym returns to pre-Covid revenue levels in first half

By Josh White

Date: Monday 18 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Human resources and business services company Mind Gym said on Monday that it was expecting to report revenues of £24.1m in its first half, which would make for constant currency growth of 76% year-on-year, and of 7% above the same period two years ago, pre-pandemic.
The AIM-traded firm said in actual currency terms, revenues were 66% higher than the first half of 2020, and level on two years ago, due to a headwind from sterling strengthening against the dollar.

That performance was in line with the board's expectations.

In terms of the group's ongoing digital transformation, 82% of revenues in the period were described by the board as "digitally-enabled".

The group said it was continuing to invest in its digital capabilities ahead of planned launches of its new digital product set.

Mind Gym said it remained confident in its strategy to invest for future growth, with its balance sheet described as "resilient".

Cash at bank at period end on 30 September totalled £11.9m, with the company recently entering into a £10m debt facility consisting of a £6m revolving credit component and a £4m accordion, which remained undrawn as at 30 September.

"We are delighted to see strong growth in revenues in the first six months of the year, ahead of pre-Covid-19 levels for the comparable period, driven by our digitally enabled capabilities with virtual delivery of our services providing clients with attractive workplace flexibility," said chief executive officer Octavius Black.

"We remain focused on our investments and new digital products and will update further at the time of our interim results in December."

Mind Gym said it would further update the market with its interim results on 3 December.

At 0819 BST, shares in Mind Gym were up 0.11% at 190.2p.

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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 117.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 192.50
52 Week Low 117.50
Volume 0
Shares Issued 100.11m
Market Cap £117.62m
RiskGrade 147

Mind Gym Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
52.53% below the market average52.53% below the market average52.53% below the market average52.53% below the market average52.53% below the market average
43.14% below the sector average43.14% below the sector average43.14% below the sector average43.14% below the sector average43.14% below the sector average
Price Trend
43.14% below the market average43.14% below the market average43.14% below the market average43.14% below the market average43.14% below the market average
38.05% below the sector average38.05% below the sector average38.05% below the sector average38.05% below the sector average38.05% below the sector average
Income Not Available
Growth
78.7% below the market average78.7% below the market average78.7% below the market average78.7% below the market average78.7% below the market average
75.47% below the sector average75.47% below the sector average75.47% below the sector average75.47% below the sector average75.47% 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 --2022

Time Volume / Share Price
0 @ 0.000p

Mind Gym Key Personnel

CEO Octavius Black
Chair Ruby M Smith
CFO Dominic Neary

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