Maintel Holdings (MAI)

Sector:

Telecom Operators

Index:

FTSE AIM All-Share

 179.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 446.00
  • 52 Week Low: 148.50
  • Currency: UK Pounds
  • Shares Issued: 14.36m
  • Volume: 4,000
  • Market Cap: £25.71m
  • RiskGrade: 201

Maintel issues profit warning, halves dividend

By Iain Gilbert

Date: Thursday 09 Jan 2020

LONDON (ShareCast) - (Sharecast News) - Cloud and managed services company Maintel Holdings warned on Thursday that full-year revenues and adjusted underlying earnings would be lower than expected as its dividend was halved .
Maintel said it now expects revenues of approximately £123m and an adjusted core earnings of approximately £10.8m.

The company cited a protracted delay in the announcement of new public sector procurement frameworks, political and economic uncertainties and lost contracts which had weighed on the group throughout 2019.

Maintel also decided to rebase its dividend in order to maintain balance sheet strength and now expected to cut the final payout by 50% to 9.8p per share.

However, for the year ending 31 December 2020, the AIM-listed group anticipates that it will deliver "low single-digit organic revenue growth", underpinned by an improved order intake during the fourth quarter of 2019 and a return to "healthier levels" of activity in the public sector.

"A current review of measures to improve margins is expected to deliver benefits in the latter part of FY2020," noted Maintel.

As of 0930 GMT, Maintel shares had sunk 30.22% to 284.01p.

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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 179.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 446.00
52 Week Low 148.50
Volume 4,000
Shares Issued 14.36m
Market Cap £25.71m
RiskGrade 201

MAI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
70.68% above the market average70.68% above the market average70.68% above the market average70.68% above the market average70.68% 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
80.77% below the market average80.77% below the market average80.77% below the market average80.77% below the market average80.77% 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
71.43% above the market average71.43% above the market average71.43% above the market average71.43% above the market average71.43% 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
78.61% below the market average78.61% below the market average78.61% below the market average78.61% below the market average78.61% 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 10-Jul-2020

Time Volume / Share Price
09:30 4,000 @ 176.30p

MAI Key Personnel

CFO Mark Townsend CA
CEO Ioan MacRae

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