Maintel Share Discussion Threads

[fastbuck] 03/1/2020 07:40

Positive interims, a new CEO in from Avaya, CFO buying shares in the market in October as well. Hoping these positives outweigh the risks mainly the debt, the slow speed of pay down and the prospect of a dividend cut to assist with the debt. Debt facility expires around April 2021, they will have had to have renegotiated a new facility for the remaining debt by then.

[buffetteer] 02/9/2019 08:38

8% yield while you wait . Cheap as chips 6x PE.
Nearly 13% free cash flow yield -ie the cash profit you’re making on your shares .

[asagi] 02/9/2019 08:04

looks like the CEO has paid for the Azzurri acquisition and the general lack of progress at the company.

Asagi (long MAI)

[asagi] 15/8/2019 12:03

was the Azzurri acquisition a success? Shareholders backed this at 700p a share in April 2016.

Asagi (long MAI)

[kannerwas] 18/3/2019 10:14

Pleasing results here this morning, well received by the market. Good cash generation, a reduction in debt, a dividend yield of 6%, 70% of revenues now on a repeat basis, the prospect of around 10% growth in revenue in 2019, a P/E of about 8 on adjusted earnings. All the building blocks are in place for a significant re-rating over the next year or so.

[rambutan2] 28/1/2019 15:58

Time for a post!

28 January 2019

Maintel Holdings PLC

Full year 2018 trading update

and notice of results

Maintel Holdings Plc (the "Group" or "Maintel") today announces the following trading update for the 12 months ended 31 December 2018.

Further to the Group's trading update issued on 21 November 2018 (the "November Trading Update"), Maintel is pleased to announce that trading for the year ended 31 December 2018 was comfortably in line with revised market expectations, with Adjusted* EBITDA expected to be at the top end of the range communicated by Maintel at the time of the November Trading Update. The closing net debt position at the period end was GBP25.5m.

Highlights:

-- Acceleration in the growth of cloud sales during the fourth quarter, taking the number of contracted cloud seats on the ICON platform to c.70,000

-- Two significant new multi-year public sector contracts awarded in the fourth quarter of 2018. On implementation these will become the Group's largest cloud unified communication customers to date

-- In December 2018 Maintel launched its new ICON Connect SD-WAN proposition, bringing SD-WAN to its enterprise class managed network service to enhance performance and provide customers with increased efficiency and visibility across their networks

-- Post period end, the Group has launched 'ICON Now', a new unified communications cloud service aimed at mid-market customers, further expanding Maintel's addressable market

The Group reiterates its current intention for the total full year 2018 dividend to grow year on year, in line with existing guidance.

The Board remains confident in delivering growth in both revenue and EBITDA for the current financial year to 31 December 2019. As previously stated, this growth will be underpinned by the full year impact of the Unify customer base acquired on 29 June 2018 and continued growth in the ICON cloud business, as well as the implementation of margin enhancing initiatives across the business.

Final results for the full year ended 31 December 2018 will be announced on 18 March 2019.

[buffetteer] 02/2/2018 22:24

Broker looking for 85.8p this year +22% and over 10% cash flow yield - so were still trading at under 9x -far too cheap for a company with high returns and history of rapid growth .

[kannerwas] 02/2/2018 19:55

Lovely quiet thread this one. It's a bit like being in a Quaker Meeting House ... one hesitates to break the silence.

Maintel shareholders have had a tough year. The company has had a couple of chunky acquisitions to digest, and a key supplier (Avaya) has been through Chapter 11 bankruptcy. This has taken its toll on trading and the shares have wilted.

Today's trading statement, reinforcing the previous statement last December, suggests that these issues are now in the past. The Board is very confident of making strong progress in 2018 and there is every reason to hope that this will be the start of a sustained period of growth. The company has an excellent long term record.

The shares are up 20% in the last two sessions but at 775p are still only on 10x forecast adjusted P/E for 2017. They also yield 4%. They look good value to me.

[buffetteer] 21/4/2017 16:31

It's always been v wide but over time doesn't matter at all - I bought at 345p .

[jitters3] 21/4/2017 11:01

Thats whats putting me off as well

[maramara] 21/3/2017 10:50

what a spread!9% Why so big?

[penpont] 20/3/2017 15:39

Good results imo. Finncap have increased eps forecasts from 84.5 to 89.3p for 2017 and have 95.2p in for 2018. TP of 1250 maintained and possibility of upward review.

[buffetteer] 24/1/2017 08:53

Good update today - sounds v confident . Looking forward to 83p+ earnings this year

[nfs] 20/12/2016 09:46

Drifted down, bored investors ?

[henryatkin] 21/11/2016 11:03

Topped up on the dip today. Should have done it last week but hey ho, done & dusted for a few years hopefully.

[buffetteer] 19/9/2016 10:00

Great business with lumpy contracts . Results slightly down but in line for year so a good opportunity to buy in to the growth story . Earnings like y to rise from 60p to 66p and 85p next year . Large customers are v exciting for the new combined group as they're competing with the likes of expensive BT whom they can beat every time
. Bought in at £3 and can see mid- teens in 2-3 years due to earnings growth . Large ownership by top quality management and investing in rights issues ought to tell you something . Ticks all my
Boxes. Use the weakness to buy in

[nfs] 19/9/2016 09:13

Hmm not so good
Very odd movement late Friday

[impvesta] 19/9/2016 08:45

Not too impressed by this morning's results so I have banked my profits. The new acquisition appears to be going well but the existing business is stalling a bit.

[nfs] 16/9/2016 16:07

HmmThat late rise suggest to me that Monday results will be good

[buffetteer] 11/4/2016 15:24

From memory I believe they said they hope to pay debt down to 1x ebitda by end of 2017