Share Name Share Symbol Market Type Share ISIN Share Description
Marlowe Plc LSE:MRL London Ordinary Share GB00BD8SLV43 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 547.00 540.00 554.00 547.00 547.00 547.00 78,396 07:43:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 128.5 2.0 3.8 143.9 300

Marlowe Share Discussion Threads

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(Edit) paid 60m for a company that make 4.4m. Not a bargain, but seems a strategic fit. Placing at current share price always a sign of confidence. I
dr biotech
28 October 2020 Marlowe plc Acquisition of Ellis Whittam (Holdings) Limited Marlowe plc, the specialist services group focused on developing companies which assure safety and regulatory compliance, announces that it has entered into a conditional agreement to acquire Ellis Whittam (Holdings) Ltd (together with its subsidiaries) for consideration of £59m on a cash-free, debt-free basis. Founded in 2004, Ellis Whittam is one of the UK's leading providers of outsourced Employment Law, HR and Health & Safety services. The company provides its services via a fixed-fee subscription model to over 3,300 organisations across the UK. It is headquartered in Chester, with offices in Glasgow and London, and employs approximately 180 staff, more than half of whom are health & safety consultants, employment lawyers and HR compliance advisors. Ellis Whittam's subscription-based advisory services help employers across the UK remain compliant with evolving employment law and health & safety legislation. The Group also announces a proposed placing to raise gross proceeds of up to £30m through the issue of up to 5,441,376 new ordinary shares of 50 pence each (the "Placing Shares") at 547p per share (the "Placing Price") to new and existing investors (the "Placing"). The Placing will be conducted by way of an accelerated bookbuild process which will be launched immediately in accordance with the terms and conditions set out in the Appendix to this Announcement. ........................................................................................................................................... . 29 October 2020 Marlowe plc Results of the Placing Further to the announcement of 28 October 2020 of the acquisition of Ellis Whittam and a proposed placing, Marlowe announces that it has successfully raised approximately £30m before expenses under the Placing, which was oversubscribed. The Placing Price of 547p per share represents a nil discount to the closing price on 28 October 2020. A total of 5,441,376 Placing Shares were placed with institutional investors, conditional on Admission. Pursuant to the Placing, the Group has raised net proceeds of approximately £29m after expenses. The issue of the Placing Shares is not subject to shareholder approval. Application has been made for the 5,441,376 Placing Shares to be admitted to trading on AIM, and it is expected that Admission will occur at 8.00 a.m. on or around 3 November 2020. Therefore, following Admission of the Placing Shares, the total number of Ordinary Shares with voting rights in the Group will be 60,266,796, which may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Group under the FCA's Disclosure Guidance and Transparency Rules.
Great - many thanks for confirming
Small company share watch. It’s a decent journal.
dr biotech
Hi, which tip sheet were they mentioned on?
I bought these on the back of a share tip sheet. Its interesting to see the number of trades today so far is 34. Last week there were typically between 5-15 trades a day, gives an idea how many of us are reading and following this publication. I guess you'd have to look after a few days for a real figure. But I did notice this was marked up on opening to make sure we all paid a few quid extra.
dr biotech
They are certainly busy hoovering up smaller co’s. I’d like to know how much management time each acquisition gets. I’m in from this morning.
dr biotech
Thanks for starting thread - based on ADVFN data p/e looks vry much on the high side (imo) but need to dig a lot deeper.
This company employs a similar business strategy to Premier Technical Services Group (PTSG). They were a very profitable former investment for me that was subsequently bought out for 210p in June last year, generating a capital gain of over 100%. This company has a strong growth potential in a very fragmented market providing they efficiently and effectively manage their M & A strategy.
Marlowe delivers compliance services across four individual and integrated divisions. Health & Safety, Fire Safety & Security, Air Testing & Quality and Water Treatment & Hygiene, utilising their own proprietary software platform. The business has developed using a buy & build strategy to establish a one-stop facility, which can be used by single site SME's as well as large multi-site companies. Marlowe was founded in mid-2015 by current CEO Alex Dacre and through organic growth and acquisition, it has become a leading specialist services group that provides safety and regulatory compliance. The company was originally formed out of a cash shell and backed by Lord Ashcroft. It is led by a Board of Directors with considerable experience in running large quoted and private businesses in the support services sector. It was admitted to AIM in April 2016. Marlowe operates in specialist, regulated markets and they provide services that are non-discretionary and generally insulated from changes in trends or the economy. The future growth of the business is underpinned by long-term drivers such as population growth, insurance requirements, reputational risk, urbanisation, increasing safety standards and increased digitalisation driving the need for more complex building systems and the consequences that this has for both maintenance & certification. Their service facilities address the increasingly broad and stringent health, safety and environmental regulations and the legal requirements to ensure that they are adopted and implemented. They operate in fragmented markets which can best be served by sourcing complementary bolt-on acquisitions that can be integrated, resulting in increased efficiency, cost-savings, broader capabilities and an expanding market share based on new revenue synergies that become available through effective intercompany collaboration. Their services are non-cyclical and they annually schedule over 1m service visits to audit, test, inspect, maintain & certify tens of thousands of properties and assets. Major Shareholders as at 30 September 2020 Lord Michael Ashcroft: 11,877,361. 23.54% Alex Dacre (CEO): 3,521,334. 6.97% Danske Capital Mgt: 3,116,184.00. 6.77% Canaccord Genuity Wealth Mgt: 2,499,783. 4.95% Royce & Associates: 1,872,506. 3.71% Majedie Asset Management: 1,421,095. 2.81% Columbia Threadneedle Investments: 1,388,011. 2.75% Total number of shares in issue: 50,455,989 Current valuation metric is a little stretched so onto my Watchlist @4 October 20.
This chart is looking very interesting. After a dramatic fall in March to 318 it made a dramatic move back up to 510 in May and has now retraced and established a floor at 470. Looks like it is forming the right hand handle of the cup now and I expect a move back to 510 and above in the next couple of weeks. Depending on the FY results and update on trading, this could challenge ATH of 570 from Sept 2018.
well, that's a nice 16.7% rise in two weeks since my last post. market waking up to results towards end of June.
Year end results due June (March year end). Market cap currently 145.6m. 2019 forecast 10.6m adjusted EDITDA, 2020 forecast 14m adjusted EBITDA. On a 20 multiple share price should be 5.19 now and 6.86 next year. On a 15 multiple 3.89 and 5.14 next year. I reckon this year may come in at 12m adjusted EBITDA which on a 15 or 20 multiple is an share price of 4.41 or 5.88. Whichever, today's price of 3.57 is significantly undervaluing Marlowe
Half Year report due in the next 2-3 weeks. Pretty big re-trace from recent highs now... 400p could well be a good entry point here now if it holds.
Does anyone have any thoughts as to whether anything can be gleaned from LSC’s interim results? LSC seems a bit more internationally diversified but there wa a hint of a warning at the end of the report.
Yes, FY19 rev forecasts increased to £97m & FY19 forecast PBT up to £7m. I like buying relatively illiquid stocks when the business is doing well, the share price moves like sh*t off a shovel.
Super update today. Revs beat, earnings beat, and will be a revs beat for FY19 if the last 12 months are anything to go by. I wonder when the market will cotton on?
Interims are due on 11th Dec. I'm expecting solid results given the increased pressure on fire protection due to the unfortunate events in the summer.Marlowe should have picked up a lot of additional business and have a good pipeline booked also. A run back to 400p+ should be on from here - This is a good entry or top-up point currently imo.
The prints @ 385p today are obviously the booking of the director sale which was announced on the 13th July!
Looks an interesting company; just taking a look and reading all your informative comments. Growth by acquisition in designated UK building services sector seems the strategy. Any views on potential annual revenue growth or too early to get a handle on this?
4th of August 04 - What an incredible bargain at 10p. Now there is an understatement and a glowing testimony for two things, one being the principles of long term investing. The other being the benefits of quiet bulletin boards. I have to concede a well done if you have gained with those percentages. Marlowe have been steadily and cunningly in my view accumulating fire safety businesses and has to be one of the leaders in its field across the country and in terms of publicly listed companies there are not many out. Given the massive tragedy in London - and I genuinely feel for all those who have lost loved ones or affected in any way, it should serve to focus peoples attentions on Fire safety. Perhaps not a bad one for a diversified portfolio.
Yes VCP doing that very well - in carpets!
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