Andrews Sykes Group (ASY)

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590.00p
   
  • Change Today:
    -7.50p
  • 52 Week High: 742.50
  • 52 Week Low: 497.50
  • Currency: UK Pounds
  • Shares Issued: 41.86m
  • Volume: 89
  • Market Cap: £246.97m
  • RiskGrade: 186

Andrews Sykes earnings rise, board declares special divi

By Josh White

Date: Wednesday 28 Sep 2022

LONDON (ShareCast) - (Sharecast News) - Specialist equipment hire company Andrews Sykes Group reported revenue from continuing operations of £37.9m for its first half on Wednesday, rising from £35.69m year-on-year.
The AIM-traded firm said EBITDA from continuing operations was £13.18m for the six months ended 30 June, up from £12.4m a year earlier, while its operating profit improved to £8.49m from £7.96m.

Profit for the period came in at £6.48m, from £6.24m, while cash and cash equivalents totalled £34.43m at the end of the half-year, compared to £24.71m in the prior year period.

Net funds rose to £21.74m from £9.67m, and basic earnings per share increased to 15.36p from 14.79p.

The board declared an interim dividend of 11.9p per share, in line with the half-year distribution last year, but also confirmed a special dividend of 16.6p for the period.

"The group remains profitable, cash generative and financially strong," the directors said in their statement.

"Accordingly, the board has decided to declare an interim dividend of 11.90p per ordinary share, which in total amounts to £5m.

"In addition to the interim dividend, the board has assessed the company's ongoing cash requirements and has concluded that, as a result of the company's robust cash generation, a portion of the current cash reserves are surplus to the company's requirements."

As a result, they had decided to return the surplus capital to shareholders through the special dividend of 16.6p, totalling £7m.

"The second half of the year has started resiliently with record temperatures in the UK and Europe positively impacting demand for the group's air conditioning units and chillers.

"This increased summer demand leads management to be optimistic over the full year results.

"In the longer term, management remains optimistic that the business will continue to improve but is mindful of the current economic climate and the impact that heightened energy prices, inflation and recession risk can pose to the business and customer demand."

At 1204 BST, shares in Andrews Sykes Group were up 3.33% at 496p.

Reporting by Josh White at Sharecast.com.

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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.

 

ASY Market Data

Currency UK Pounds
Share Price 590.00p
Change Today -7.50p
% Change -1.26 %
52 Week High 742.50
52 Week Low 497.50
Volume 89
Shares Issued 41.86m
Market Cap £246.97m
RiskGrade 186

ASY Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
77.48% below the market average77.48% below the market average77.48% below the market average77.48% below the market average77.48% below the market average
72.41% below the sector average72.41% below the sector average72.41% below the sector average72.41% below the sector average72.41% below the sector average
Price Trend
59.00% above the market average59.00% above the market average59.00% above the market average59.00% above the market average59.00% above the market average
30.10% above the sector average30.10% above the sector average30.10% above the sector average30.10% above the sector average30.10% above the sector average
Income
16.60% above the market average16.60% above the market average16.60% above the market average16.60% above the market average16.60% above the market average
18.64% below the sector average18.64% below the sector average18.64% below the sector average18.64% below the sector average18.64% below the sector average
Growth
45.79% below the market average45.79% below the market average45.79% below the market average45.79% below the market average45.79% below the market average
64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average

ASY Dividends

  Latest Previous
  Special Interim
Ex-Div 05-Oct-23 05-Oct-23
Paid 03-Nov-23 03-Nov-23
Amount 59.40p 11.90p

Trades for 26-Feb-2024

Time Volume / Share Price
14:00 83 @ 580.00p
14:00 82 @ 580.00p
14:00 1 @ 580.00p
10:00 4 @ 614.90p
08:21 2 @ 614.90p

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