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MIDW Midwich Group Plc

205.00
1.00 (0.49%)
Share Name Share Symbol Market Type Share ISIN Share Description
Midwich Group Plc LSE:MIDW London Ordinary Share GB00BYSXWW41 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  1.00 0.49% 205.00 30,408 16:29:55
Bid Price Offer Price High Price Low Price Open Price
201.00 209.00 208.00 201.00 208.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 1.32B 16.03M 0.1538 13.20 212.66M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:21 UT 5,037 205.00 GBX

Midwich (MIDW) Latest News

Midwich (MIDW) Discussions and Chat

Midwich Forums and Chat

Date Time Title Posts
14/5/202505:18MIDW - yield and growth278
18/1/201710:32Midwich Group16

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Midwich (MIDW) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:35:21205.005,03710,325.85UT
15:12:50205.0012.05AT
14:27:55203.00285578.55AT
14:27:55203.002,1994,463.97AT
14:27:55203.00420852.60AT

Midwich (MIDW) Top Chat Posts

Top Posts
Posted at 15/7/2025 09:20 by Midwich Daily Update
Midwich Group Plc is listed in the Business Services, Nec sector of the London Stock Exchange with ticker MIDW. The last closing price for Midwich was 204p.
Midwich currently has 104,245,126 shares in issue. The market capitalisation of Midwich is £211,617,606.
Midwich has a price to earnings ratio (PE ratio) of 13.20.
This morning MIDW shares opened at 208p
Posted at 13/5/2025 10:40 by davius
Berenberg cuts Midwich Group price target to 350 (480) pence - 'buy'

Back in the day I was a reseller, I bought quite a lot of AV kit for my educational customers from them. A good company to deal with, though never personally held shares.
Posted at 18/3/2025 09:04 by waldron
Dividend

The Board understands the importance of dividends for many of our investors and is pleased to recommend a final dividend of 7.5p per share which, if approved, will be paid on 4 July 2025 to all shareholders on the register as on 23 May 2025. The last day to elect for dividend reinvestment ("DRIP") is 13 June 2025. Coupled with the interim dividend of 5.5p per share, this represents a total dividend for the year of 13.0p per share (2023: 16.5p). The combined value of the interim and proposed final dividends is covered two times by adjusted earnings (2023: 2.3 times).

Given the challenging market backdrop, the Board believes that the full year dividend represents an appropriate balance between continuing to reward shareholders and maintaining a strong balance sheet.

Over the medium term the Board continues to support a progressive dividend policy to reflect the Group's planned growth and cash generation.
Posted at 18/3/2025 09:03 by waldron
Outlook

The Group has a proven capability to grow ahead of its markets both organically and through acquisition. Whilst the challenging market conditions seen in 2024 have continued into 2025, and we do not expect a near-term improvement in market growth, I believe the Group is well positioned to take advantage of an upturn in demand.

Rather than just waiting for market conditions to improve, the team has sought to improve the business through a combination of new technology and vendor launches, and improving productivity.

We have further enhanced the strength of our relationships with customers and vendors alike over the last twelve months. However, our team is not complacent; we recognise that we operate in a competitive market where both vendors and customers have a choice of which partners to work with. Of our top 40 vendors in 2024, we were either exclusive or the number one distributor for the vast majority. Our focus is to ensure that we provide the best service possible and continue to develop our offering.

Having made eleven acquisitions in a short space of time, we took a decision to not pursue other transactions in the short term. We do, however, continue to engage with potential acquisitions and have an extensive opportunity pipeline and several interesting conversations in early stages.

In the short term, continued price deflation in mainstream product areas is expected to cause challenges to the growth of the business. In the meantime, the Group continues to develop new revenue sources, and ensure we operate as efficiently as possible.

With the global AV market expected to continue growing over the medium to long term, our Group is very well positioned for the future.

Stephen Fenby

Group Managing Director
Posted at 20/1/2025 12:38 by martinmc123
3*
Midwich Group plc, a global specialist audio visual distributor to the trade market, issued a mixed trading update for the year ended 31 December 2024 this morning. The Group's revenue finished slightly over £1.3 billion, which was marginally ahead of prior year, and in line with guidance provided in the Group's trading update in October 2024...from WealthOracle

wealthoracle.co.uk/detailed-result-full/MIDW/1158
Posted at 21/10/2024 09:33 by prokartace
Oh well it makes the dividend reinvestment at a much cheaper price!!
Posted at 12/8/2024 12:56 by prokartace
The forgoten share. Last trading update suggests that growth will return and in the meantime the share yields nearly 10%
Posted at 27/3/2024 12:25 by wad collector
Added at 418 earlier this week, almost same price as bought in 3 yrs ago. Shame I didn't take profits in meantime!
Posted at 18/1/2024 21:59 by loganair
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.
Posted at 14/11/2023 06:36 by tole
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.'
Posted at 09/5/2023 12:05 by kalai1
Midwich issued a positive AGM statement this morning. "Midwich once again made significant market share gains in 2022...the Group achieved record revenue which increased by over 20% organically and over 40% in total, and record adjusted profit before tax, and has now delivered annual revenue growth of 22% since 2016.” The Board's expectations for the full year are unchanged, consensus expects FY23 EPS to more than double. Valuation is decent with forward PE ratio at 11.6x. Net debt was under £100m at end FY22 and remains a little elevated. Share price also remains in a near 2-year correction and lacks positive momentum. A share to monitor for now...

...from WealthOracle
Midwich share price data is direct from the London Stock Exchange

Midwich Frequently Asked Questions (FAQ)

What is the current Midwich share price?
The current share price of Midwich is 205.00p
How many Midwich shares are in issue?
Midwich has 104,245,126 shares in issue
What is the market cap of Midwich?
The market capitalisation of Midwich is GBP 212.66M
What is the 1 year trading range for Midwich share price?
Midwich has traded in the range of 170.00p to 385.00p during the past year
What is the PE ratio of Midwich?
The price to earnings ratio of Midwich is 13.2
What is the cash to sales ratio of Midwich?
The cash to sales ratio of Midwich is 0.16
What is the reporting currency for Midwich?
Midwich reports financial results in GBP
What is the latest annual turnover for Midwich?
The latest annual turnover of Midwich is GBP 1.32B
What is the latest annual profit for Midwich?
The latest annual profit of Midwich is GBP 16.03M
What is the registered address of Midwich?
The registered address for Midwich is VINCES ROAD, DISS, NORFOLK, IP22 4YT
What is the Midwich website address?
The website address for Midwich is www.midwichgroupplc.com
Which industry sector does Midwich operate in?
Midwich operates in the BUSINESS SERVICES, NEC sector

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