Mind Gym (MIND)

Sector:

Support

Index:

FTSE AIM All-Share

 38.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 62.50
  • 52 Week Low: 34.50
  • Currency: UK Pounds
  • Shares Issued: 100.20m
  • Volume: 400,236
  • Market Cap: £38.58m
  • RiskGrade: 147

Mind Gym FY trading in line with expectations, revenues up double-digits

By Iain Gilbert

Date: Monday 24 Apr 2023

LONDON (ShareCast) - (Sharecast News) - Behavioural science group Mind Gym said on Monday that its full-year trading performance was in line with expectations, with annual revenue growth accelerating throughout the second half.
Mind Gym now expects to report revenues of more than £54.7m, up 12% year-on-year, while pre-tax profits were pegged to be broadly in line with expectations. Revenues in H2 were 14% ahead of the prior year, demonstrating "good momentum" from the 11% growth in H1.

The AIM-listed group said it remains "confident" in its prospects after performing "robustly" despite the macroeconomic headwinds.

Mind Gym added that it also retains "a strong financial position" to support investments in future growth with net cash, as of 31 March, of £7.6m, ahead of expectations, while its £10.0m debt facility remains undrawn.

Chief executive Octavius Black said: "We are encouraged by our performance in FY23. Despite macroeconomic headwinds, MindGym has increased its growth rate in the second half and won a further important framework agreement. MindGym's continued strength in Innovation, coupled with a debt-free balance sheet, ongoing client wins, and evolving digital pipeline, position it well for FY24 and beyond."

As of 0850 BST, Mind Gym shares were down 3.94% at 61.0p.





Reporting by Iain Gilbert at Sharecast.com

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.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Mind Gym Market Data

Currency UK Pounds
Share Price 38.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 62.50
52 Week Low 34.50
Volume 400,236
Shares Issued 100.20m
Market Cap £38.58m
RiskGrade 147

Mind Gym Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
64.23% below the market average64.23% below the market average64.23% below the market average64.23% below the market average64.23% below the market average
78% below the sector average78% below the sector average78% below the sector average78% below the sector average78% below the sector average
Income Not Available
Growth
56.86% above the market average56.86% above the market average56.86% above the market average56.86% above the market average56.86% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above 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 14-Jun-2024

Time Volume / Share Price
15:08 4,000 @ 35.49p
14:35 2,000 @ 35.49p
12:31 5,090 @ 36.00p
09:20 389,146 @ 38.50p

Mind Gym Key Personnel

CFO Dominic Neary

Top of Page