Mincon Group (CDI) (MCON)

Sector:

Engineering

 115.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 118.00
  • 52 Week Low: 74.00
  • Currency: UK Pounds
  • Shares Issued: 212.47m
  • Volume: 0
  • Market Cap: £244.34m

Mincon to buy Vancouver-based distributor Pacific Bit of Canada

By Michele Maatouk

Date: Wednesday 09 Jan 2019

LONDON (ShareCast) - (Sharecast News) - Irish engineering company Mincon Group has agreed to buy Vancouver-based distribution business, Pacific Bit of Canada Inc, for an undisclosed sum.
Pacific Bit distributes mainly mining and construction products in Western Canada. In 2018, it generated sales of around CAD5.5m and was profitable.

Mincon said the Pacific Bit team is staying in place to develop the business with its North American team, to build revenue and distribution in the coming years.

"We believe this is an important building block in developing the group sales into the Canadian market with an excellent local team," the company said.

"We are prepared to discuss acquisition, partnership and investment with other businesses in suitable geographic territories and relationships, for our key and ancillary products," it added.

At 1450 GMT, the shares were up 0.8% to €1.20.

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.

 

MCON Market Data

Currency UK Pounds
Share Price 115.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 118.00
52 Week Low 74.00
Volume 0
Shares Issued 212.47m
Market Cap £244.34m

MCON Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
4.09% below the market average4.09% below the market average4.09% below the market average4.09% below the market average4.09% below the market average
29.73% below the sector average29.73% below the sector average29.73% below the sector average29.73% below the sector average29.73% below the sector average
Price Trend
35.54% above the market average35.54% above the market average35.54% above the market average35.54% above the market average35.54% above the market average
13.51% above the sector average13.51% above the sector average13.51% above the sector average13.51% above the sector average13.51% above the sector average
Income
34.87% below the market average34.87% below the market average34.87% below the market average34.87% below the market average34.87% below the market average
40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average
Growth
42.04% above the market average42.04% above the market average42.04% above the market average42.04% above the market average42.04% above the market average
88.57% above the sector average88.57% above the sector average88.57% above the sector average88.57% above the sector average88.57% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MCON Dividends

  Latest Previous
  Final Interim
Ex-Div 27-May-21 13-Aug-20
Paid 18-Jun-21 04-Sep-20
Amount 1.05¢ 1.05¢

Trades for --2021

Time Volume / Share Price
0 @ 0.000p

MCON Key Personnel

CEO Joseph Purcell

Top of Page