Midwich Share Discussion Threads

[rimau1] 18/4/2024 16:13

Have we been tipped somewhere

[wad collector] 27/3/2024 12:25

Added at 418 earlier this week, almost same price as bought in 3 yrs ago. Shame I didn't take profits in meantime!

[salonie] 20/3/2024 22:12

Good results and a positive outlook for 2024!

Chart also looks like there's the potential for a golden cross in the next few weeks.


free stock charts from uk.advfn.com

[rimau1] 19/3/2024 14:07

I bought in today, those results look as good as could be expected, net leverage down to 1.1x and 10x earnings with a positive 2024 outlook to grow ahead of the market.

[prokartace] 16/2/2024 09:04

Bounce baby!

[value viper] 15/2/2024 18:40

Been some lumpy trades ongoing over past few days - maybe some musical institutional chairs going on.

[value viper] 14/2/2024 10:39

Cheap as chips imv

[prokartace] 14/2/2024 09:34

Not cheap but good enough yield and growth, bought yesterday 340p

[value viper] 07/2/2024 09:25

Back down on support - risk / reward suggest favours to upside based also on fundamentals I would say

[loganair] 18/1/2024 21:59

Berenberg said Midwich's update pointed to "a record performance", despite a continuation of the challenging markets, with revenue up roughly 7% year-on-year at £1.3bn and adjusted pre-tax profits expected to be roughly £50.0m, in line with expectations.

Despite this, Berenberg lowered its earnings per share forecasts for the 2023 and 2024 trading years by 5% and -6%, respectively, reflecting higher-than-expected minority interests in the current year and "introducing conservatism" into its forecasts as market conditions "remain challenged".

Conversely, Midwich's better-than-expected cash generation in 2023 delivered year-end leverage of 1.3x, versus the German bank's 1.5x estimate, signalling "comfortable (and more) firepower" to support the group's M&A strategy.

"All considered, we are encouraged by this morning's update, with management having proved its ability to navigate tough markets," said Berenberg, which reiterated its 'buy' rating on the stock with a price target of 710p.

[mfhmfh] 19/12/2023 10:02

tipped by NT yesterday.

[saucepan] 13/12/2023 10:33

Clearing 440p resistance (top right chart) is very promising from a technical perspective. Very decent momentum here now.

[boozey] 07/12/2023 15:16

Yes signs of long overdue momentum. Fingers crossed.

[saucepan] 07/12/2023 14:28

A very quiet thread (often a positive sign). Breaking back through big round number 400p today is hopefully signficant.

[value viper] 15/11/2023 10:25

Some very big trades printing here past couple of days - tricky to fathom what might be going on

[prokartace] 14/11/2023 11:53

Tole, investors aren't listening

[tole] 14/11/2023 06:36

https://citywire.com/funds-insider/news/expert-view-bae-systems-gear4music-midwich-paypoint-imi/Midwich Group (MIDW), the specialist audiovisual distributor to other businesses, has made a new acquisition which Berenberg said only adds to its 'clear opportunity'.Analyst James Bayliss reiterated his 'buy' recommendation and target price of 800p on the stock, which was trading at 376p on Monday.The group announced the purchase of prodyTel Distribution, 'marking completion of the sixth deal out of the stated six-deal pipeline that management identified at the time of its June equity raise'.Bayliss said the prodyTel deal 'strengthens its technology offering and value-add services, and offers an attractive rationale and likely synergies with the group's existing Kern & Stelly subsidiary in Germany'.He upgraded his profit before tax forecasts 7% for full-year 2024 and 6% in 2025, 'adding to the group's strong long-term earnings growth track record'.'Recent interim results for the six months to June demonstrated the group's ability to continue to perform despite macroeconomic headwinds, while we anticipate that the global audio-visual market will continue to grow despite the backdrop,' he said.'We continue to think there is a clear opportunity for Midwich to further build its share.'

[aishah] 02/11/2023 10:32

Fenby timed his sell in Sept 2021 at 608p trousering £12 million. Has only bought back less that £500k since.

[prokartace] 30/10/2023 09:00

I averaged at 374p, so very happy with the director, also div was paid and script buying should support share price in the short-term

[cornishman33] 30/10/2023 08:35

Group MD buys 50,000, nearly £200k. Seems to have moved the price up a bit.

[monet] 19/6/2023 11:35

Not many followers of MIDW,not on the radar.

[mfhmfh] 19/6/2023 11:07

Berenberg raises Midwich price target to 800p (from 13.06.23)

[monet] 19/6/2023 10:53

HSBC raises Midwich Group to 'buy' - price target 545 pence

[elbrus55] 14/6/2023 17:18

Still doesn't appear to be credited.It was apparently credited to their crest account on Monday, and they should have received a file with the underlying owner accounts at the same time.I think we need to request a service standard for allocating primarybid purchases to our ii accounts. More than 24 hours seems unreasonable.In addition they should send a message within 1 minute of an account being credited with such securities . (Should be automated, so 1 minute is reasonable ).It could be a problem at the PrimaryBid end so don't want to be to critical of ii yet.