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MTE Montanaro European Smaller C. Tst Plc

133.50
-1.00 (-0.74%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Montanaro European Smaller C. Tst Plc MTE London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-1.00 -0.74% 133.50 16:13:44
Open Price Low Price High Price Close Price Previous Close
133.00 133.00 133.50 133.50 134.50
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Montanaro European Small... MTE Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
12/12/2023InterimGBP0.0022521/12/202322/12/202326/01/2024
23/06/2023FinalGBP0.007717/08/202318/08/202315/09/2023
17/11/2022InterimGBP0.00201/12/202202/12/202205/01/2023
24/06/2022FinalGBP0.0072511/08/202212/08/202216/09/2022
19/11/2021InterimGBP0.00202/12/202103/12/202104/01/2022
18/06/2021FinalGBP0.072512/08/202113/08/202115/09/2021
20/11/2020InterimGBP0.0203/12/202004/12/202004/01/2021
18/06/2020FinalGBP0.072513/08/202014/08/202015/09/2020
21/11/2019InterimGBP0.0205/12/201906/12/201903/01/2020
19/06/2019FinalGBP0.072515/08/201916/08/201917/09/2019

Top Dividend Posts

Top Posts
Posted at 03/9/2021 15:18 by smithers
Thank you for doing the work and for sharing the very good explanation from Montanaro regarding the price anomaly.I continue to hold MTE and will probably add
Posted at 03/9/2021 13:27 by lozzer69
I emailed Montanaro and got this explanation by return which was impressive. ......I have spoken with Cenkos, brokers for MTE, who have stated there was an anomaly of a poorly executed trade, not representative of the underlying ongoing price development. The company has been especially successful over the last year in particular of having a much closer price and NAV correlation than its history, but also versus its peers.The anomaly was due to an 'unlimited' sell order placed in the closing auction, of around 2000 shares. Whoever placed the order should normally have put a limit on this, to avoid this outcome. At 16.30 - 16.35 there is an auction and if there is insufficient demand at the market level at that time, then the trade, when placed this way, can force an unnatural 'crossing price'. Unhelpfully the closing auction is taken as the closing price, but is in no way representative of the price during the day, week or indeed today. Hence the price was instantly corrected at 08.00 this morning.
Posted at 16/6/2011 19:34 by schweinswal
Metrocoal -- by RBS Morgans Ltd

Billion tonne baby :-)

Target $1 AUD
Posted at 11/3/2002 17:52 by stewjames
Still keen on MTE BTW, just feel the market will hit the 'bad' news at the full year (even though it's expected) and it'll move sideways at best in the meantime. Just a question of timing. But I've been wrong plenty of times before!
Posted at 06/3/2002 08:20 by pippin
Excellent interims out today.

Growth continuing apace, still got £8m cash, positive outlook despite the sectoral stuff, maiden interim dividend. Would that all profit warnings presaged such good figures!

On a five year view, this looks like a possible biggie, IMO.
Posted at 07/11/2001 16:03 by castana
Financial Review

Mission Testing, in its first year as a public company, has met all of the financial aims that it set for itself at the time of its admission to AIM. The Group has achieved an excellent set of results for the year, with future financial indicators looking strong and the completion of our first acquisition in August 2001.

Results
Mission Testing continued its rapid organic growth in the current year, building on the trend of previous periods as shown below.

Year to 2001
£’000 Year to 2000
£’000 15 months to 1999 £'000
Turnover 10,515 6,048 2,220
Gross profit
GP% 2,713
25.8% 1,350
22.3% 434
19.5%
Administrative expenses (1,609) (747) (228)
Operating profit before interest and tax (pre-exceptionals) 1,104 603 206
Operating margin (pre-exceptionals) 10.5% 10% 9.3%
PBT (pre-exceptionals) 1,277 500 162
PBT margin (pre-exceptionals) 12.1% 8.3% 7.3%
Exceptional float related costs (310) - -
Profit after tax 630 371 128

Turnover increased organically by 74% to £10.5m reflecting strong demand for our services, despite a general tightening of markets. The entire turnover is generated from the supply of testing services.

Gross profit increased by 101% to £2.7m. The underlying increase in gross profit percentage of 3.5% to 25.8% is in line with our strategy and this is a trend that we would expect to continue as Group turnover increases by the growing contribution from high-margin consultancy services.

Administrative expenses have been well controlled and have increased in line with our investment in the sales, fee earning and support people required to grow the business still further. The Group has increased its investment in sales and fee earning employees, focusing on the delivery of services across focused market sectors.

Operating profit (pre-exceptionals) increased by 83% to £1.1m from £0.6m, while the operating margin (pre-exceptionals) grew from 10% in 2000 to 10.5% in 2001. The PBT margin (pre-exceptionals) grew from 8.3% in 2000 to 12.1% in 2001.

The exceptional costs of £310,000 relate to the flotation of the Group on the Alternative Investment Market of the London Stock Exchange on 6 December 2000, that have not been written off against the share premium account.

Fee earners
It is the Group’s strategy to utilise contractors where appropriate, due to management of fixed overhead risk that comes from this structure; contractors, often referred to as “associates221; on consultancy projects, are not paid by the company when they are not contracted on billable projects. We will increase the full time headcount of fee earning testing specialists in line with the demand for our services.

Interest
Interest income was £258,000 (2000: £1,000). This increase is due to interest earned on the funds received from the placing that took place with the flotation in December 2000. The funds, net of float costs, of £8.8m have been on deposit with our principal bankers.

Taxation
The taxation charge of £337,000 represents an effective tax rate of 34.8% compared to 25.8% for the previous year. This is mainly due to disallowable float related expenses.

Earnings per share
Basic earnings per share (pre-exceptionals) increased by 94% from 3.31p in 2000 to 6.41p in 2001, while fully diluted earnings per share (pre-exceptionals), increased by 88% from 3.31p in 2000 to 6.22p in 2001.

Dividend and shareholder returns
The Directors propose a final dividend of 1.5p per share, which is the first dividend payable to shareholders since the company’s admission to AIM in December 2000. This dividend is covered 4.3 times by adjusted basic earnings per share.

Balance Sheet
The balance sheet was strengthened by the float proceeds of £8.8m, net of float costs. Cash at 30 June 2001 was £9m with no borrowings. Shareholders funds at 30 June 2001 were £9.7m (2000: £0.3m).

Whilst we have, as required by the steep organic growth during year, used a modest amount of cash to finance working capital needs, the balance of these funds is available for our acquisition plans. £700,000 was utilised in the acquisition of Specialist Testing Solutions Ltd in August.

Acquisitions
On 24 August 2001 the Group acquired the entire issued share capital of Specialist Testing Solutions Ltd for an aggregate consideration of £3.7 million which was satisfied by £700,000 of cash on completion and 1,600,000 new ordinary shares in Mission Testing plc. Of these shares 1,350,000 were issued on completion and a further 250,000 will be issued following Mission Testing’s AGM to be held on 7 November 2001.

Summary
The Group is in a very healthy financial position. The strong organic growth together with the acquisition of Specialist Testing Solutions ensures that the Group is well placed to enjoy future growth prospects.

David Abery
Finance Director 17 September 2001

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