MS International (MSI)

Sector:

Engineering

Index:

FTSE AIM All-Share

 162.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 221.00
  • 52 Week Low: 154.00
  • Currency: UK Pounds
  • Shares Issued: 16.75m
  • Volume: 1,471
  • Market Cap: £27.13m
  • RiskGrade: 133

MS International swings to loss after revenue stumbles

By Duncan Ferris

Date: Tuesday 10 Dec 2019

LONDON (ShareCast) - (Sharecast News) - MS International on Tuesday swung to an interim loss after revenue from three of its divisions fell as the company's trading was hit by political and economic challenges.
The manufacturer booked a loss before tax of £0.5m for the six months ended 31 October, compared with a profit of £3.2m in the same period last year, as revenues shrank by 12% to £33.3m.

The AIM-listed company meanwhile left its dividend unchanged at 1.7p per share.

The company said that many of the markets that it served had tightened due to political and economic instability, with the tough conditions having been exacerbated by some sector specific issues impacting across the company.

Its turnover tumbled, driven by a 49% drop in revenue from the corporate branding segment, which declined to £6.8m on the back of restructuring efforts following the acquisition of two specialist businesses in the Netherlands.

Sales at the petrol station super structures division also fell, by 7% to £7.4m, while forgings turnover dipped by 6% to £7.3m.

Meanwhile, revenue from the defence business rose by 34% to £12.1m following the launch of a number of new products from its privately-funded development programmes.

Chairman Michael Bell said: "Clearly, although not unforeseen, the performance has been disappointing in some areas of the group but elsewhere what is being achieved is quite pleasing, albeit the benefits are yet to be demonstrated in our results.

"Opportunities are undoubtedly there, while fresh ones continue to arise, so we are seriously endeavouring to ensure that we are in a positive and capable position to maximise prospects as and when presented."

MS International shares were down by 9.72% at 162.50p at 1535 GMT.

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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.

 

MSI Market Data

Currency UK Pounds
Share Price 162.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 221.00
52 Week Low 154.00
Volume 1,471
Shares Issued 16.75m
Market Cap £27.13m
RiskGrade 133

MSI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
49.53% above the market average49.53% above the market average49.53% above the market average49.53% above the market average49.53% above the market average
37.14% above the sector average37.14% above the sector average37.14% above the sector average37.14% above the sector average37.14% above the sector average
Price Trend
60.82% below the market average60.82% below the market average60.82% below the market average60.82% below the market average60.82% below the market average
40% below the sector average40% below the sector average40% below the sector average40% below the sector average40% below the sector average
Income
59.72% above the market average59.72% above the market average59.72% above the market average59.72% above the market average59.72% above the market average
54.55% above the sector average54.55% above the sector average54.55% above the sector average54.55% above the sector average54.55% above the sector average
Growth
84.01% above the market average84.01% above the market average84.01% above the market average84.01% above the market average84.01% above the market average
83.78% above the sector average83.78% above the sector average83.78% above the sector average83.78% above the sector average83.78% above the sector average

MSI Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Dec-19 20-Jun-19
Paid 10-Jan-20 25-Jul-19
Amount 1.75p 6.50p

Trades for 21-Feb-2020

Time Volume / Share Price
16:03 1,000 @ 155.60p
08:06 471 @ 154.00p

MSI Key Personnel

Finance Director Michael O'Connell

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