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 FY profits seen 'significantly lower' than market expectations

By Iain Gilbert

Date: Monday 09 Oct 2023

LONDON (ShareCast) - (Sharecast News) - Staff training firm Mind Gym warned that both full-year profits and revenue would be "significantly lower" than current market expectations.
Mind Gym said revenues for the six months ended 31 September were expected to come in at roughly £21.0m, down from £26.8m at the same time a year earlier, while it also predicted that it would deliver an operating loss in terms of earnings before interest, taxes, depreciation and amortisation.

Management blamed "challenging" macro conditions for the downgrade, saying they had led some companies to defer training and commitments to new spending, especially in the U.S..

For the year as a whole, Mind Gym said its results now looked set to be significantly lower than current expectations despite having witnessed an "improvement in market activity" as a result of a year-on-year increase in bookings during the third quarter.

The AIM-listed group said it was now focused on securing larger contracts for the 2025 trading year, stating it believes this will help drive both long-term growth and profitability for the company.

Cash at bank as of 30 September was £2.1m which, combined with immediate access to £2.0m of its undrawn £10.0m debt facility, provides Mind Gym with "adequate liquidity".

As of 1040 BST, Mind Gym shares had slumped 37.84% to 34.50p.



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 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
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

Top of Page