Maintel Holdings (MAI)

Sector:

Telecom Operators

Index:

FTSE AIM All-Share

181.00p
   
  • Change Today:
    -5.00p
  • 52 Week High: 446.00
  • 52 Week Low: 148.50
  • Currency: UK Pounds
  • Shares Issued: 14.36m
  • Volume: 5,944
  • Market Cap: £25.99m
  • RiskGrade: 216

Maintel revenue dips as Brexit worries weigh

By Duncan Ferris

Date: Monday 02 Sep 2019

LONDON (ShareCast) - (Sharecast News) - Shares in Maintel Holdings dipped on Monday after it reported a drop in interim revenue and warned Brexit uncertainty was beginning to interfere with contracts.
The AIM traded company's interim revenue came in at £65.5m for the six month period ended 30 June, which was down by 3% compared to the same period last year, which the company said was due to the market's move to newer technologies and some price erosion in the support component of Maintel's managed service base.

John Booth, chairman of Maintel, said: "Group revenue in the period was impacted by the continued market transition to new technologies driving both a change in the revenue profile for project implementation and the revenue of our support business. In addition, we have seen some delays in the award of public sector contracts as the new public sector framework goes live."

Furthermore, the company warned that, though underlying demand for its services remains high, more customers are expressing their concerns about the economy and the uncertainty around the prospect of a disorderly exit from the EU, causing some contract close dates to move out, as organisations give more scrutiny to their larger investment decisions.

However, Maintel still managed to swing from a loss before tax of £0.3m to a profit of £1.5m after a 6% drop in cost of sales more than mitigated the drop in revenue.

For the full year, adjusted earnings before interest, tax, depreciation and amortization is now expected to be in the range of £13-14m.

Maintel Holdings shares were down 9.32% at 399.00p at 1603 BST.

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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.

 

MAI Market Data

Currency UK Pounds
Share Price 181.00p
Change Today -5.00p
% Change -2.69 %
52 Week High 446.00
52 Week Low 148.50
Volume 5,944
Shares Issued 14.36m
Market Cap £25.99m
RiskGrade 216

MAI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.90% above the market average69.90% above the market average69.90% above the market average69.90% above the market average69.90% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Price Trend
89.76% below the market average89.76% below the market average89.76% below the market average89.76% below the market average89.76% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income
71.60% above the market average71.60% above the market average71.60% above the market average71.60% above the market average71.60% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
79.42% below the market average79.42% below the market average79.42% below the market average79.42% below the market average79.42% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

MAI Dividends

  Latest Previous
  Interim Final
Ex-Div 12-Sep-19 28-Mar-19
Paid 04-Oct-19 16-May-19
Amount 15.10p 19.50p

Trades for 03-Jul-2020

Time Volume / Share Price
12:42 137 @ 181.60p
10:23 500 @ 180.00p
10:23 2,257 @ 178.00p
09:22 2,000 @ 181.11p
09:00 400 @ 184.00p

MAI Key Personnel

CFO Mark Townsend CA
CEO Ioan MacRae

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