Mincon Group (MCON)

Sector:

Engineering

74.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 101.50
  • 52 Week Low: 73.00
  • Currency: UK Pounds
  • Shares Issued: 211.68m
  • Volume: 4,400
  • Market Cap: £156.64m

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.

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

 

Mincon Group Market Data

Currency UK Pounds
Share Price 74.00p
Change Today 1.00p
% Change 1.37 %
52 Week High 101.50
52 Week Low 73.00
Volume 4,400
Shares Issued 211.68m
Market Cap £156.64m

Mincon Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
63.70% above the market average63.70% above the market average63.70% above the market average63.70% above the market average63.70% above the market average
68.42% above the sector average68.42% above the sector average68.42% above the sector average68.42% above the sector average68.42% above the sector average
Price Trend
30.06% below the market average30.06% below the market average30.06% below the market average30.06% below the market average30.06% below the market average
7.32% below the sector average7.32% below the sector average7.32% below the sector average7.32% below the sector average7.32% below the sector average
Income
23.65% above the market average23.65% above the market average23.65% above the market average23.65% above the market average23.65% above the market average
41.67% above the sector average41.67% above the sector average41.67% above the sector average41.67% above the sector average41.67% above the sector average
Growth
1.49% below the market average1.49% below the market average1.49% below the market average1.49% below the market average1.49% below the market average
31.43% above the sector average31.43% above the sector average31.43% above the sector average31.43% above the sector average31.43% 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.

Mincon Group Dividends

  Latest Previous
  Final Interim
Ex-Div 28-May-20 29-Aug-19
Paid 19-Jun-20 27-Sep-19
Amount 1.05¢ 1.05¢

Trades for 07-Jul-2020

Time Volume / Share Price
08:31 4,400 @ 78.00p

Mincon Group Key Personnel

CEO Joseph Purcell
Chair Hugh Mccullough
CFO Mark McNamara

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