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MIDW Midwich Group Plc

430.00
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
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
  0.00 0.00% 430.00 244,492 16:23:37
Bid Price Offer Price High Price Low Price Open Price
427.00 430.00 431.00 424.00 430.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 1.29B 26.82M 0.2597 16.56 443.98M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:24 O 10,074 430.00 GBX

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Date Time Title Posts
03/5/202409:40MIDW - yield and growth240
18/1/201710:32Midwich Group16

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Posted at 04/5/2024 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 430p.
Midwich currently has 103,251,326 shares in issue. The market capitalisation of Midwich is £443,980,702.
Midwich has a price to earnings ratio (PE ratio) of 16.56.
This morning MIDW shares opened at 430p
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 30/10/2023 08:35 by cornishman33
Group MD buys 50,000, nearly £200k. Seems to have moved the price up a bit.
Posted at 19/6/2023 11:35 by monet
Not many followers of MIDW,not on the radar.
Posted at 19/6/2023 11:07 by mfhmfh
Berenberg raises Midwich price target to 800p (from 13.06.23)
Posted at 19/6/2023 10:53 by monet
HSBC raises Midwich Group to 'buy' - price target 545 pence
Posted at 09/6/2023 07:24 by rimau1
IC have Midwich as an investment idea of the week but the article was clearly written pre placing as working capital debt, and low margins were the concerns. Well written balanced article. Conclusion: “Midwich’;s lowly share rating is hard to resist. Besides, as virtual and augmented reality continues to dominate the headlines, demand for AV products shows no sign of waning. Buy”
Posted at 08/6/2023 07:15 by monet
A total of 11,764,705 Placing Shares have been placed by Investec and Berenberg, at the Placing Price, raising gross proceeds of approximately GBP50m. The Placing Price of 425 pence per share represents a discount of approximately 5.6 per cent. to the closing middle market share price of 450.

That's good in these market conditions, not much of a discount. Let's see how the market reacts.
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

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