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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Maxima Hldgs | MXM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 23.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 23.75 |
| Top Posts |
|---|
Posted at 22/10/2012 18:44 by ch1ck K3, CORERO XNT were names bounded about with INVESTORS CHRONICLE quoting up to 50p for a bid. |
Posted at 29/6/2011 18:42 by glasshalfull Not much interest from PIs but I see they've recovered another couple of pence today with a few chunky trades going through. Ignis Asset Management have sold a few over recent sessions and it's interesting to note that Metroplis Capital have been picking them up. Worth a gander at the Metroplis Capital web site Note their approach to investment Our investment style: focused value investment For each investment decision, we apply a disciplined and rigorous methodology which is firmly rooted in the teachings of Benjamin Graham and Warren Buffett. We look for solid businesses, with a strong franchise, in which we can invest with a significant margin of safety. We are "investors" not "speculators", seeking a return from long-term appreciation of value and dividends. We like companies led by smart managers, who have demonstrated high integrity and a disciplined approach to investing shareholder capital. Regards GHF |
Posted at 01/6/2011 17:31 by glasshalfull Interesting post RallyCry. It would be good if you could be slightly more specific regarding which particular area of the Maxima business you are relating to.They are of course scaling back on some areas of their legacy businesses to focus on the more lucrative/ profitable "growth engines" as they have been documenting for the last year. They also have a number of businesses (11 acquisitions in the last 5/6 years)spread over the UK & Ireland. So while you may be "avoiding this share like the plague" I'm definitely interested at the current price and would welcome any further comment from you on or off board given that there doesn't appear to be much discussion other than one liners from knowledgeable investors predicting imminent doom (How they know this, I'm not quite sure ;-) As I say, I'd appreciate further contact with you on/off board glasshalfull1@yahoo. Kind regards, GHF |
Posted at 27/9/2010 00:21 by glasshalfull Thanks Mark.Firstly I am delighted to here your snippet about AiW. I'm sure a considerable number of investors such as myself have sent him good wishes, so pleasing to hear that he's bearing up. Interesting notes which indicate that the market is fairly difficult given the economic backdrop. But I believe this is more than taken into account with recent shareprice while a number of their small cap peers have been moving north of late. The RNS announcement confirmed in-line trading and therefore consensus forecasts suggest £5m PTP and 13.9p EPS for the year. If I may enquire, was the net debt figure discussed or company's expectations for year end net debt position? The final results mentioned the fact that they had reduced net debt ahead of market expectations and I'm not aware of forecasts for net debt at the end of the current financial year. I also found your last note interesting re. any MBO. If Maxima are continue their strong cash generation then I would thought that the current valuation may be attracting some interest. For a small cap I'm been impressed with the number of influential institutional holders....Artemis Alpha, Octopus, Herald, Malborough Special Situations, etc. I'm sure they also wouldn't let it go at a knockdown price. I presume that the other 2 competency centres are on track as the company previously advised? End of calendar year from memory? Anyway, greatly appreciate your post. Kind regards, GHF |
Posted at 03/2/2010 10:47 by hannahh Long term record delivering flexible and innovative IT solutions and servicesInterim results in line with expectation Returning to growth path Executing on new management's strategy Exciting new potential markets Significantly undervalued to peer group Follow the link for a free report on Maxima Holdings: |
Posted at 14/8/2009 10:12 by investinggarden Hold recommendation from Growth Company Investor |
Posted at 13/9/2008 17:48 by johnroger Buy Maxima at 182.50pAn exclusive tip from Scarlett Moore of Sharecrazy's Supermarket Consolidation plays are always risky investments, but when they have such a good track record as Maxima they can be very attractive. Since the IT and managed services provider joined AIM in November 2004 it has bought and integrated eleven companies into the group and is currently on the lookout for more. Maxima recently showed the benefits of its acquisition driven strategy in its results for the year to 31st May 2008. Over the period revenues grew by 47% to £46.7 million on the back of mostly acquisitive growth. Operating profits adjusted for exceptional items, amortisation and share based payments increased by 54% to £9.7 million with pre-tax profits rising by 24% to £5.2 million. Adjusted earnings were up marginally, by 0.4p to 26.3p, growing at a slower rate than profits due to a rise in the number of shares in issue over the period and a higher tax charge. The earnings funded an 8% hike in the dividend to 5.6p per share. The net cash inflow from operations amounted to £6.9 million over the year. Net debt grew from £6.6 million at the end of May 2007 to £8.5 million after the company spent £6.1 million on acquisitions over the year. Adjusted operating profits covered net interest payments by 13.4 times. The results were in line with expectations which were revised downwards in January this year on the back of the premature termination of several contracts from a major client. In the face of that loss and the gloomy economic outlook these results were impressive and have gone some way to increasing investor confidence in the company, the shares rising by over 10% since the release. Although debt increased over the year it was kept at a comfortable level due to the strong levels of cash generation. Following an additional acquisition made after the year end net debt should now stand at around £16/£17 million but given Maxima's cash generative nature that could plausibly be cut to around £10 million by the end of the current financial year if no further acquisitions are made. Although market conditions toughened during the year independent analysts Ovum are predicting reasonable growth of 5.9% in the UK Software and IT Services market in 2008. Even if the market does take a turn for the worse Maxima has a good spread of customers across various sectors giving it some resilience if difficulties are experienced in any one area. The company also has a wide spread of customers, around 1,500, with the top ten accounting for 30% of sales. With the three recent acquisitions expected to be earnings enhancing in the current year Maxima is set to continue growing, albeit modestly at the earnings level. Consensus forecasts see the company posting revenues of around £64 million, adjusted pre-tax profits of around £10 million and adjusted earnings of near 28p for the current year to 31st May 2009. On a current year rating of just 6.5 times the shares look cheap and at this price I wouldn't be surprised if the company received attention from a larger industry player. BUY. |
Posted at 19/6/2008 16:25 by johnroger Has everybody abandoned this co?IT group Maxima (MXM) said its trading remains robust and it expects its full-year pretax profit before exceptional items to be in line with market expectations, bolstering the shares by 0.5p to 126p. It added that it expects operating margins to show a further improvement on the previous year. "Maxima continues to be highly profitable with strong operating margins, despite a more challenging trading environment," said chief executive Kelvin Harrison. Net debt as at 31 May 31 was 8.5 million pounds. Seymour Pierce was unconvinced: "Trading on just 4x earnings the company looks undervalued, but the dent to investor confidence in the roll up strategy has rendered the management relatively impotent in that respect - doing a sizeable deal would presumably involve equity and at this level cause material dilution." It added that sentiment would only improve after the company delivers a better than expected set of results, and that until then a re-rating looks unlikely. However, it moved its stance for the shares to 'hold' from 'sell'. |
Posted at 08/2/2008 11:38 by marben100 Updated and comprehensive Edison note now out (see ). Excellent report IMHO.08 EPS f/c 25.6p; 09 EPS 28.8p, (07 was 24.8p) giving P/Es of 5.7 and 5.0 at the current offer of 145p Over the last six months the market has already discounted the potential risks of a slowing economy on IT spend. Maxima has highlighted this risk in its results, however, the vast majority of the business is tied to long-term maintenance contracts which will not see material swings in demand. In fact Maxima's business model, with comparatively high gross margins (73%) and recurring revenue (56%) leaves it well placed to be an industry winner. On p7 margins and recurring revenues are compared across the peer group. I believe that over the next few years this will result in MXM outperforming its peers. Peer group average P/E for calendar '08 is 6.7, against 9.7 for medium size IT companies and 15.5 for the sector as whole. The bias against smallcaps is quite stark ATM. I strongly believe that, over the next 5 years, this bias will be shown to be unjustified. Rather than taking the simplistic view that "small is riskier than large", more sophisticated investors need to consider each propostition on a case-by-case basis: balance sheet strength/weakness; management quality; margins; recurring revenues; exposure to risky large scale fixed price contracts etc. The report also mentions that there is a stock overhang depressing the share price NB looking at the sector comparison, it appears to me that Sanderson (SND) might be worth further research ;0). Regards, Mark |
Posted at 28/1/2008 15:33 by tole Maxima Holdings downgraded to "underperform"Monday, January 28, 2008 8:48:20 AM ET Seymour Pierce LONDON, January 28 (newratings.com) - Analysts at Seymour Pierce downgrade Maxima Holdings Plc (ticker: VL7) from "buy" to "underperform." In a research note published this morning, the analysts mention that the company's 1H performance was adversely impacted by the loss of a major contract. Maxima Holdings' CRM implementations are being delayed on account of the economic uncertainties, the analysts say. There is uncertainty surrounding the company's near-term roll-up strategy, Seymour Pierce adds. Going forward, investors would be concerned regarding visibility into Maxima Holdings' performance in 2H and beyond, according to the analysts. |
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