Arcontech Group (ARC)

Sector:

IT Services

Index:

FTSE AIM All-Share

108.00p
   
  • Change Today:
      9.50p
  • 52 Week High: 110.00
  • 52 Week Low: 63.50
  • Currency: UK Pounds
  • Shares Issued: 13.37m
  • Volume: 48,321
  • Market Cap: £14.44m
  • RiskGrade: 145

Arcontech trading to fall short of market expectations

By Iain Gilbert

Date: Monday 29 Nov 2021

LONDON (ShareCast) - (Sharecast News) - Software company Arcontech Group warned on Monday that its trading performance had fallen below current market expectations.
Arcontech stated the softer-than-expected performance was due to one customer reducing its market data spend with the company and another stating that it would not be renewing its contract at the beginning of the second half of 2022.

The AIM-listed firm noted that the two changes were unrelated and did not involve customers with its core MVCS server-side solution.

However, the firm stated it had been forced to revise its year-end market guidance in order to reflect the net reduction in revenue, which will take effect at the beginning of the second half and negatively impact revenues by roughly £300,000, half of which will impact the current financial year.

Despite this, Arcontech said it "senses an overall improvement in the business outlook".

As of 1125 GMT, Arcontech shares were down 18.42% at 103.20p.

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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.

 

Arcontech Group Market Data

Currency UK Pounds
Share Price 108.00p
Change Today 9.50p
% Change 9.64 %
52 Week High 110.00
52 Week Low 63.50
Volume 48,321
Shares Issued 13.37m
Market Cap £14.44m
RiskGrade 145

Arcontech Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
84.25% below the market average84.25% below the market average84.25% below the market average84.25% below the market average84.25% below the market average
34.15% above the sector average34.15% above the sector average34.15% above the sector average34.15% above the sector average34.15% above the sector average
Price Trend
88.74% above the market average88.74% above the market average88.74% above the market average88.74% above the market average88.74% above the market average
72.04% above the sector average72.04% above the sector average72.04% above the sector average72.04% above the sector average72.04% above the sector average
Income
6.25% below the market average6.25% below the market average6.25% below the market average6.25% below the market average6.25% below the market average
85.19% above the sector average85.19% above the sector average85.19% above the sector average85.19% above the sector average85.19% above the sector average
Growth
69.7% below the market average69.7% below the market average69.7% below the market average69.7% below the market average69.7% below the market average
83.91% below the sector average83.91% below the sector average83.91% below the sector average83.91% below the sector average83.91% below the sector average

Arcontech Group Dividends

  Latest Previous
  Final Final
Ex-Div 05-Oct-23 29-Sep-22
Paid 03-Nov-23 24-Oct-22
Amount 3.50p 3.25p

Trades for 01-Mar-2024

Time Volume / Share Price
16:30 448 @ 109.70p
16:24 5 @ 110.00p
16:23 1,000 @ 107.00p
16:11 1,823 @ 109.70p
16:01 2,000 @ 107.00p

Arcontech Group Key Personnel

CEO Matthew Jeffs

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