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MCON Mincon Group Plc

44.00
0.00 (0.00%)
Last Updated: 08:00:04
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Mincon Group Plc MCON London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 44.00 08:00:04
Open Price Low Price High Price Close Price Previous Close
43.50 43.50 44.00 44.00
more quote information »
Industry Sector
INDUSTRIAL ENGINEERING

Mincon MCON Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
11/03/2024FinalEUR0.010523/05/202424/05/202414/06/2024
08/08/2023InterimEUR0.010516/11/202317/11/202308/12/2023
13/03/2023FinalEUR0.010525/05/202326/05/202316/06/2023
08/08/2022InterimEUR0.010518/08/202219/08/202209/09/2022
14/03/2022FinalEUR0.010526/05/202227/05/202217/06/2022
09/08/2021InterimEUR0.010519/08/202120/08/202110/09/2021
22/03/2021FinalEUR0.02127/05/202128/05/202118/06/2021
23/03/2020FinalEUR0.010513/08/202014/08/202004/09/2020
23/03/2020FinalEUR0.010528/05/202029/05/202019/06/2020
12/08/2019InterimEUR0.010529/08/201930/08/201927/09/2019
19/03/2019FinalEUR0.010523/05/201924/05/201921/06/2019

Top Dividend Posts

Top Posts
Posted at 10/7/2022 10:46 by tmfmayn
MINCON: FY 2021 Reveals H2 Mining Sales Up 30% And ‘Outstanding’ Greenhammer Tests Yet Obvious ‘Moat’-Like Financials Remain Highly Elusive #MCON

"The second half was MCON’s best ever six-month performance for revenue and profit"
Posted at 05/3/2014 11:58 by johnthornleigh3
Starting to move up slowly and surely. Anyone know when dividend announcement is due? Looks like they paid a divi in August 2013 before the float.
Posted at 03/1/2014 11:19 by simon gordon
Hi APAD,

A Happy New Year to you.

Don't own any at the moment, keep looking at it to see if I can find a hook to make me buy. Forgot about the dividend, that would interest income funds as the founders placed stock.

For now, I'll keep watching.

Good fortune.
Posted at 30/12/2013 20:09 by modform
I have done quite well with a few recent IPOs. ABDP, GAM & KMK (they are based not very far from where I work) and two recent ones KLBT and MCON.
My gut feel is that ABDP has had its run, but It's a remarkably good and young company, so i am still holding.
I think MCON will do well, it is capable of generating cash in a tough market and very low P/E ratio.
Posted at 08/12/2013 13:09 by apad
"(Sharewatch) Mincon (MCON; 82p) has all three features (excellent demand profile, 20% operating margins, well spread "repeat" customers) that characterise really successful businesses. The company supplies rockdrills. Conventional ones work by a percussion mechanism, operated by compressed air to break hard rock into dust, which is then blown clear by the air exhaust. It might look boring but it's so niche and Mincon continued its profit climb even during the recent mining downturn. Depleted ore-reserves mean that new mines process mainly low grade ore and as more ore is processed, more drill heads break. Between 2010-2012, helped by geographic expansion, Mincon grew sales from Eu33.8m to Eu63.1m and operating profit doubled from Eu6.22m to Eu13.22m. The case for investing looks two-fold. Their existing product line up means it is already a world leader with commanding market shares for its niche consumables. But the key plank is that the market is fragmented and it is planning acquisitions within the rock drilling consumables space. The placing at 73p has raised £47m new money (valuing Mincon at £151.3m) to help fulfil its ambition of doubling in size in 18 months. Buy."
Posted at 26/11/2013 19:22 by simon gordon
RNS - 21/11/13:

Mincon Group plc ("Mincon" or the "Group"), an Irish rock drilling engineering company with global operations, today announces that it has placed 57,471,264 new ordinary shares in the Company at a price of €0.87 per share (£0.73) (the "Placing"), raising gross proceeds of approximately €50 million (£41.9 million) and valuing the issued and to be issued share capital of the Company at €180.5 million (£151.3 million).


HIGHLIGHTS



· Total gross proceeds of approximately €50 million raised.

· Aggregate of 57,471,264 new ordinary shares will be issued at a price of €0.87 per share, representing 27.7% of the issued share capital of the Company at Admission.

· Strong international institutional investor interest with the funding over-subscribed.

· Admission and commencement of dealings are expected to take place on the ESM market of the Irish Stock Exchange (Ticker: MIO) and on the AIM market of the London Stock Exchange (Ticker: MCON) at 8.00 am on 26 November 2013.

· Davy is acting as Nominated Adviser, ESM Adviser and Broker.
Posted at 26/11/2013 19:17 by simon gordon
The Mincon strategy is straight-forward. Mincon has a small percentage of the global rock-drilling consumables market. The aim is to increase the Mincon share of this market through organic growth and through acquisitions with the objective of becoming a ‘‘one-stop-shop’’; for rock drilling consumables. Controlling the supply chain from manufacture to end-user, providing a high quality customer service and receiving real-time feedback from customers to inform product development is expected to enable the Group to maximise its margins.

Management has set the following as strategic goals to achieve by the end of
2015:

• to double the size of the Group from 2013 levels through a combination of organic growth and acquisitions designed to improve product reach and improve access to existing and potential customers;

• to complete and integrate 2 to 3 acquisitions in the rock drilling consumables space thereby substantially utilising the net proceeds from the Placing;

• to adopt a commercially sensible level of leverage;

• to expand its HDD range and upgrade its range of DTH Hammers;

• to enter new markets with sales offices in the Americas, EMEA and Australasia (depending on the footprint of acquisition targets);

• to strengthen the management team and add additional non-executive directors with appropriate skills; and

• to establish a progressive dividend policy as set out in section 19 below.

*Sourced from the Admission Document.

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