Mind Gym (MIND)

Sector:

Support

Index:

FTSE AIM All-Share

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

Mind Gym reports 'robust' year of trading

By Josh White

Date: Monday 25 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Human capital and business service company Mind Gym reported a "robust" performance in line with its expectations in a full-year trading update on Monday, with its core business returning to pre-Covid-19 levels.
The AIM-traded firm said revenue was expected to be £47.9m, up 25% on 2021 in constant currency, and up 5% on pre-pandemic levels in the 2020 financial year.

It achieved that performance against the backdrop of second half-headwinds from Omicron, while adjusted profit before tax for the year ended 31 March was expected to be in line with board expectations.

Mind Gym said digitally-enabled revenues totalled £36.8m - up 25% over the 2021 financial year and 156% higher than 2020, and represented 77% of revenue.

The company noted that in March, it acquired the diagnostic intellectual property of 10X Psychology, in administration, for £0.1m in cash, to support its developing digital strategy.

It said it maintained its "strong" financial position, with net cash totalling £10m as at 31 March, down from £16.8m a year earlier but following "significant" investment during the financial year in the firm's new digital products.

"We are encouraged with Mind Gym's performance despite the Covid headwinds, with good revenue growth ahead of last year and pre-pandemic levels," said chief executive officer Octavius Black.

"We are excited by the recent launch of Performa, our digital one-to-one coaching software-as-a-service, and delighted with the positive reception it has already received from new and existing clients.

"We have a clear strategy for accelerating revenue growth based on market-leading intellectual property, delighting clients and a significant digital transformation."

At 0930 BST, shares in Mind Gym were up 0.69% at 130.9p.

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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 30.00
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
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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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