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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Amcomri Group Plc | LSE:AMCO | London | Ordinary Share | GB00BMBWCV32 | ORD GBP0.01 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -1.00 | -1.67% | 59.00 | 178,010 | 16:35:07 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 56.00 | 59.00 | 59.00 | 56.50 | 59.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:07 | UT | 1,916 | 59.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 23/12/2024 | 17:12 | UK RNS | Amcomri Group PLC Holding(s) in Company |
| 20/12/2024 | 11:27 | ALNC |  Amcomri shares rise 4% on AIM debut after raising GBP12 million in IPO |
Amcomri (AMCO) Share Charts1 Year Amcomri Chart |
|
1 Month Amcomri Chart |
Intraday Amcomri Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 07/1/2025 | 10:50 | Amcomri Group: Engineering & Industrial Manufacturing | 8 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 16:35:07 | 59.00 | 1,916 | 1,130.44 | UT |
| 16:30:00 | 59.00 | 994 | 586.46 | O |
| 16:26:19 | 57.95 | 1,035 | 599.78 | O |
| 16:20:08 | 57.95 | 431 | 249.76 | O |
| 15:31:11 | 56.05 | 13,900 | 7,790.95 | O |
| Top Posts |
|---|
Posted at 07/1/2025 10:50 by pangrati Hybridan Small Cap FeastAdmissions: Friday 20 December Amcomri Group (AMCO.L), the “Buy, Improve, Build” UK focused specialist engineering services and industrial manufacturing Group, announces its Admission to trading on AIM. In conjunction with Admission, gross proceeds of £12m have successfully been raised by way of a placing at a price of 55 pence per Ordinary Share giving the Company a market capitalisation of £39.5m. This London-based company operates a 'buy, improve, build' strategy for specialist engineering services and industrial manufacturing. Amcomri currently consists of two divisions: Embedded Engineering and B2B Manufacturing. |
Posted at 06/1/2025 18:37 by hedgehog 100 Change % Chg Cur Bid Offer High Low Open Volume Chg Time Upgrade Icon RN NRN2.40 4.14% 60.40 60.00 61.00 61.50 58.00 58.00 833,570 16:35:22 So AMCO has closed up 2.4p today at 60.4p, on hefty volume of 833,570 shares traded: that's more than 1% of the shares in issue. I agree that some of AMCO's businesses look more attractive than others. The first one mentioned in the article, TP Matrix, looks like a good area:- "Oldham-based TP Matrix, for example, replaces ageing electronic parts on trains, such as components that help doors open and close when passengers press specific buttons. Under rail regulation, this kit needs to be updated regularly and TP Matrix helps to make that happen. Under Amcomri's tutelage, the firm is growing, winning business from train operators and their suppliers and helping to make rolling stock last longer." This has similarities with automatic doors maintenance-servicin Chamberlin (CMH) though shows the challenging conditions afflicting many UK engineering-manufact 10/05/2024 11:57 Alliance News Alliance NewsChamberlin starts insolvency process due to insufficient funding LSE:CMH Chamberlin Plc 10/05/2024 11:37 RNS Regulatory News Chamberlin PLC Update LSE:CMH Chamberlin Plc "Chamberlin plc (AIM: CMH.L), the specialist castings and machining group, announces the following update further to the announcement dated 7 May 2024. Following the issue of the winding up notice from the Company's main power supplier, discussions have continued with the Group's creditors and major shareholders. Despite the cost reduction actions and wholesale customer price increases implemented across the Group, the Group is under increased pressure from other creditors and its bank, has lost further sales revenue and is unable to secure additional funding of the scale and form required for ongoing business stability. The Board of Directors has therefore regrettably resolved to commence an insolvency process. Further announcements will be made in due course as appropriate. Kevin Price, CEO, said: "Following the Company's announcement on 7 May and the subsequent discussions with creditors, customers and shareholders, we do not have a funding solution that provides the necessary liquidity in the time we have available. On behalf of the Board, I express to our staff, shareholders and all other affected stakeholders our deepest regret that we are having to take the very difficult decision to commence an insolvency process."" |
Posted at 05/1/2025 14:43 by hedgehog 100 Thanks Belgrano."MIDAS SHARE TIPS: Your funds could fly with engineering specialist Amcomri By JOANNE HART Updated: 10:27, 5 January 2025 UK industry once led the world and our stock exchange dominated global financial markets. The mood has been rather less triumphant in recent years. Manufacturing accounts for less than 10 per cent of our economy, UK shares have been widely shunned and the junior Aim market has suffered more than most. All of which makes the flotation of specialist engineering firm Amcomri particularly exciting. Founded by seasoned business experts Paul McGowan and Hugh Whitcomb, Amcomri joined Aim just before Christmas at 55p a share. The stock has risen to 59p and should continue to increase in value in 2025 and beyond. Amcomri buys engineering and manufacturing businesses whose owners are nearing retirement. Thousands of these enterprises are dotted across the country, run by dedicated entrepreneurs who have spent years building up their firms and want to make sure they continue to thrive. Amcomri seeks out these companies and helps them transition to new ownership as their founders move on to life beyond business. Results so far show the merits of this strategy. McGowan and Whitcomb began working in this area in 2016, founded Amcomri in 2020 and now own 12 flourishing businesses. Activities are wide-ranging but all are highly specialised and benefit from long-term customer relationships and contracts with companies including defence giant BAE Systems, nuclear energy group EDF Energy and the London Underground. Oldham-based TP Matrix, for example, replaces ageing electronic parts on trains, such as components that help doors open and close when passengers press specific buttons. Under rail regulation, this kit needs to be updated regularly and TP Matrix helps to make that happen. Under Amcomri's tutelage, the firm is growing, winning business from train operators and their suppliers and helping to make rolling stock last longer. In Swansea, Amcomri-owned IVS works with Dragon LNG, which imports liquefied natural gas from all over the world. Responsible for a significant proportion of UK energy demand, this liquefied gas is pumped from ships into specialised storage tanks so that it can be converted into use for homes and businesses. The process is complex and safety is critical. IVS services the valves that ensure tanks are secure and standards are maintained. Again, the business has grown considerably under Amcomri's stewardship. In a similar vein, Spiral Weld, overhauls and repairs 10-ton cooling water valves for nuclear power plants, while Kestrel Valve operates in the renewable energy space. On the manufacturing side, Claro Precision Engineering makes hinges for Airbus planes and Premier Limpet makes high-quality printed tape used in parcels and packaging. The portfolio is broad but there is a focus on improving sales and profits by gaining new customers, selling more to existing clients and streamlining processes so that firms become more efficient. Recent figures are encouraging. In 2021, group revenues were around £27.3 million. By 2023, turnover had soared to £47 million, with underlying profits more than doubling from £2.7 million to £5.8 million. More of the same is expected from the year just ended, the next 12 months and thereafter. McGowan and Whitcomb run a small team but it includes industrial, financial and management specialists, whose combined experience and expertise help businesses to grow. The group intends to acquire two or three new firms a year and the field is vast, allowing Amcomri to be highly selective. Initially, most introductions came from regional accountants. Today, McGowan and Whitcomb are increasingly recommended by owners who have witnessed first-hand what the pair can do. The group benefits too from a subtle shift in UK industry, as large UK-based companies look for local suppliers whom they can trust to deliver top-quality goods, work at speed and provide regular, reliable services. Covid-19 and the Ukraine war highlighted the risks associated with over-reliance on overseas suppliers. That has fuelled growing enthusiasm for home-grown enterprises, especially in sensitive sectors such as energy and defence. Midas verdict: Amcomri has had a strong start as a public company and deserves to continue in that vein. The UK has a rich engineering history and should have a robust future too. Amcomri is helping to make that happen and deliver rewards to shareholders along the way. At 59p, the shares are a buy. Traded on: Aim Ticker: AMCO Contact: amcomrigroup.com" |
Posted at 29/12/2024 14:23 by hedgehog 100 Current share price 29th. December 2024: 59p71,838,549 shares in issue Market capitalisation: £42.3847M. "What We Do Amcomri was established in 2016 to acquire proven SME specialist engineering and manufacturing businesses with a particular focus on acquisitions arising from owner-manager retirement situations." 20/12/2024 07:00 First day of dealing on AIM "Amcomri Group plc (AIM: AMCO), the "Buy, Improve, Build" UK focused specialist engineering services and industrial manufacturing group, announces the admission of its entire issued ordinary share capital to trading on AIM, a market operated by the London Stock Exchange plc ("Admission"). Admission will take place, and dealings in the Company's ordinary shares of £0.01 each ("Ordinary Shares") will commence, at 8.00 a.m. today under the ticker 'AMCO'. The ISIN of the Ordinary Shares is GB00BMBWCV32, the SEDOL of the Ordinary Shares is BMBWCV3 and the Company's LEI number is 64887R4549E0TZ3ZZV74 In conjunction with Admission, gross proceeds of £12 million have successfully been raised by way of a placing with institutional and other investors of 21,818,182 new Ordinary Shares (the "Placing") at a price of 55 pence per Ordinary Share (the "Placing Price"). Cavendish Capital Markets Limited ("Cavendish") is acting as nominated adviser and sole broker to the Company. Key Highlights: • The Placing received support from institutional and other investors and raised gross proceeds of £12 million (net proceeds of £10.2 million) which will enable the Company to pursue organic and acquisitive growth, and strengthen the balance sheet. • The market capitalisation of the Company will be approximately £39.5 million on Admission. The Company has 71,838,549 Ordinary Shares in issue and a free float of approximately 25.3 per cent. • After a period of phased development, Amcomri was formally established in 2022 by Paul Mc Gowan and Hugh Whitcomb, the Co-Founders. Since its establishment, the Group has made 16 acquisitions and grown to 12 operating businesses across its two divisions, with a combined Group turnover in excess of £47.1 million and Adjusted EBITDA of £5.8 million in FY23. • The Group operates across a diverse range of sectors and markets, including industrial, infrastructure and rail transportation. The Group deploys a structured "Buy, Improve, Build" strategy with a track record of value enhancing acquisitions in the industrial environment. It has a particular focus on leveraging the Group's experience and track record in relation to acquisitions arising from owner manager 'retirement' situations, where there are no, or limited, alternative plans for succession to sustain the enterprise value present within the target business. • The Company's admission document is available for viewing at www.amcomrigroup.com Proven Track Record and Significant Growth Opportunities • Amcomri is a "Buy, Improve, Build" group, providing technical services to major UK infrastructure, transportation and energy companies • The Group is profitable and cash generative, growing in size both organically and through acquisition • Strong revenue and earnings visibility • Proven management ability to improve margin and earnings post transition and integration • The Group expects to deliver at least two to three acquisitions per annum • Management has identified over 9,000 mature SME industrial businesses in their acquisition target market sectors Paul Mc Gowan, Co-Founder and Deputy Chair of Amcomri, commented: "We are delighted to be joining the market. Our admission to AIM will help us continue to drive our proven growth strategy, which has benefited from strong management direction and an appetite for companies to leverage our expertise. We believe that we are well positioned to build on our strong trading to date and are excited by the opportunity to deliver significant returns. Importantly, we have a blue-chip customer base and are uniquely positioned to support critical infrastructure including rail, energy, and process industry assets. It is great testimony to the team that we have completed this successful IPO - especially given wider market trends. We believe that AIM will provide a solid platform for our aspirations and look forward to continuing our growth strategy as a public company." ..." |
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