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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Amcomri Group Plc | AMCO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.00 | 1.69% | 60.00 | 15:18:54 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 59.00 | 59.00 | 60.00 | 60.00 | 59.00 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
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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