Marechale Capital (MAC)

Sector:

Financials

Index:

FTSE AIM All-Share

 0.75p
   
  • Change Today:
      0.000p
  • 52 Week High: 1.33
  • 52 Week Low: 0.65
  • Currency: UK Pounds
  • Shares Issued: 57.68m
  • Volume: 65,000
  • Market Cap: £0.43m
  • Beta: 0.11

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.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

MAC Market Data

Currency UK Pounds
Share Price 0.75p
Change Today 0.000p
% Change 0.00 %
52 Week High 1.33
52 Week Low 0.65
Volume 65,000
Shares Issued 57.68m
Market Cap £0.43m
Beta 0.11

MAC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
9.68% below the market average9.68% below the market average9.68% below the market average9.68% below the market average9.68% below the market average
20.59% below the sector average20.59% below the sector average20.59% below the sector average20.59% below the sector average20.59% below the sector average
Price Trend
48.69% below the market average48.69% below the market average48.69% below the market average48.69% below the market average48.69% below the market average
52.05% below the sector average52.05% below the sector average52.05% below the sector average52.05% below the sector average52.05% below the sector average
Income Not Available
Growth
58.54% below the market average58.54% below the market average58.54% below the market average58.54% below the market average58.54% below the market average
65.57% below the sector average65.57% below the sector average65.57% below the sector average65.57% below the sector average65.57% below the sector average

MAC Dividends

No dividends found

Trades for 06-Dec-2019

Time Volume / Share Price
16:05 65,000 @ 0.65p

MAC Key Personnel

CEO Patrick Booth-Clibborn

Top of Page