Marechale Capital (MAC)

Sector:

Financials

Index:

FTSE AIM All-Share

1.23p
   
  • Change Today:
      0.100p
  • 52 Week High: 1.25
  • 52 Week Low: 0.68
  • Currency: UK Pounds
  • Shares Issued: 57.68m
  • Volume: 1,071,561
  • Market Cap: £0.71m

Marechale drops after chairman brands interims "poor"

By Duncan Ferris

Date: Friday 25 Jan 2019

LONDON (ShareCast) - (Sharecast News) - Shares of Marechale Capital dived on Friday as the company's chairman said its board is evaluating its strategy after reporting "poor" interim operating results.
For the six-month period ended 31 October, the investment services provider achieved revenue of £0.14m, up 9% from the same period the year before, and saw its loss before tax narrow from £0.46m to £0.18m.

The AIM-traded company said the narrowed loss takes into account a gain of £0.06m on the realisation of one investment and a 2017 provision against fair value of options held in investee companies of £0.12m, as well as a provision of £0.06m made in 2017 for a loss in an associate's project.

Marechale's cash and cash equivalents stood at £0.06m at the end of the period, down from £0.1m at the same point last year.

Mark Warde-Norbury, chairman of Marechale, said: "On a more positive note this long-term strategy has resulted in 2018 being the company's best year for exits with 5 multiple investor return exits and one write-off. Successful exits include the Sheen Falls Lodge, West Country Renewables and Inn Collection."

The chairman added that the board of Marechale Capital is continuing to consider its options and its future strategy, and stated that while current deal flow remained strong, a number of the transactions the company is involved in are taking longer to complete.

Marechale Capital's shares were down 9.43% at 1255 GMT.

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MAC Market Data

Currency UK Pounds
Share Price 1.23p
Change Today 0.100p
% Change 8.89 %
52 Week High 1.25
52 Week Low 0.68
Volume 1,071,561
Shares Issued 57.68m
Market Cap £0.71m

MAC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
22.51% below the market average22.51% below the market average22.51% below the market average22.51% below the market average22.51% below the market average
30.3% below the sector average30.3% below the sector average30.3% below the sector average30.3% below the sector average30.3% below the sector average
Price Trend
75.65% above the market average75.65% above the market average75.65% above the market average75.65% above the market average75.65% above the market average
73.05% above the sector average73.05% above the sector average73.05% above the sector average73.05% above the sector average73.05% above the sector average
Income Not Available
Growth
58.58% below the market average58.58% below the market average58.58% below the market average58.58% below the market average58.58% below the market average
66.39% below the sector average66.39% below the sector average66.39% below the sector average66.39% below the sector average66.39% below the sector average

MAC Dividends

No dividends found

Trades for 04-Aug-2020

Time Volume / Share Price
12:51 39,121 @ 1.25p
12:48 31,271 @ 1.24p
11:18 540,772 @ 1.20p
12:16 34,432 @ 1.24p
12:16 100,000 @ 1.22p

MAC Key Personnel

CEO Patrick Booth-Clibborn

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