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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Mortice Limited | MORT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 14.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 14.00 | 14.00 |
| Top Posts |
|---|
Posted at 06/9/2017 09:41 by jurgenklopp EGM taking place at the moment in Singapore(as per announcement from 15 August):Mortice Limited (AIM: MORT), the AIM listed security and facilities management company, announces that it has today posted a circular including a notice to shareholders convening an extraordinary general meeting of the Company ("EGM"). A copy of this circular will be available shortly on the Company's website www.tenonworld.com/m The purpose of this meeting is, further to the Company's acquisition of Office & General Group Limited ("O&G") announced on 4 August 2015, to approve the off-market buy back of 2,333,100 ordinary shares of no par value from Grae Macintosh Scott and Jonathan Smith, the vendors of O&G, at £1 per share. The EGM will be held on Thursday 6 September 2017 at 4.00pm (Singapore time) at the Company's registered office: 38 Beach Road, #29-11 South Beach Tower, Singapore 189767. |
Posted at 24/7/2017 08:13 by jurgenklopp Final ResultsStrong growth continues to exceed expectations Mortice Limited (AIM: MORT), the AIM listed security and facilities management company, announces its audited results for the year ended 31 March 2017. In terms of both revenue and profitability the Company is slightly ahead of already upgraded market expectations. Financial Results Highlights · Revenues up 36.7% to $181.01m (FY 2016: $133.04m) o Security services sales up 29% to $98.2m (FY 2016: $76.2m) - 54% of Group revenues (FY 2016: 57%) o Facilities Management revenues up 45% to $82.5m (FY 2016: $56.8m) - 46% of Group revenues (FY 2016: 43%) o Geographical revenue mix : § India 64% (FY 2016: 75%) § UK 31% (FY 2016: 23%) § Singapore 5% (FY 2016: 2%) · EBITDA up 114 % to $10.3 m (FY 2016: $4.8m) o EBITDA margin of 5.7% (FY 2016: 3.6%) driven by increased revenues, synergies and cost control · PBT up 232 % to $5.4m (FY 2016: $1.6m) · Placing in December 2016 raised £2.3m o Reduced indebtedness and provided balance sheet flexibility to pursue growth opportunities · Net debt of $13.5m (FY 2016: $14.5m) |
Posted at 07/6/2017 07:39 by bad gateway Directors buying in at a decent premium.In fact looks like the co. decided on the premium because they felt they were doing better than the share price shows. |
Posted at 22/5/2017 07:25 by bad gateway More good news re contract wins..Getting cheap as chips here imo and still well under the markets radar |
Posted at 15/5/2017 08:07 by jurgenklopp Mortice Limited (AIM: MORT), the AIM listed security and facilities management company, provides the following trading update for the 12 months ended 31 March 2017.Financial Highlights Due to the strong performance of the combined existing and acquired businesses, the financial results for the year to 31 March 2017 are expected to be materially ahead of current market expectations. Revenue increased by approximately 35% to US$180m (2016: US$133.5m) and EBITDA is expected to be materially above forecasts of US$6.7m (2016: US$5.6m), driven by the increase in revenue as well as greater cost optimisation throughout Mortice. Net debt at the year 31 March 2017, was $13.6m (2016:$14.5m). Mortice achieved strong growth across all parts of the business with facilities management revenues growing approximately 44% to US$82m (2016: US$56.8m) and security services revenues growing approximately 28% to US$97m (2016: US$75.5m). The majority of sales continued to come from India, although overseas sales increased substantially following strong performances from Office & General ("O&G") in the UK (now rebranded Tenon FM Ltd, and Frontline Security Pte. Ltd ("Frontline") in Singapore. Both these businesses have now been fully integrated into the business and are performing ahead of management's expectations at the time of acquisition. Operational Highlights The Company continued to add new clients and strengthen existing relationships during the period with key contract wins in India, including J&K Bank, Amazon and Kotak Mahindra Bank, Ocwen financial Corporation, and Jubilant each of which is worth in excess of $500,000 per annum. In the UK, O&G was appointed to London Universities' £60m cleaning framework and strengthened relationships with Amey, CBRE and the University of Arts London. O&G is now trading under the name Tenon FM Ltd as part of a group-wide rebranding initiative focused on creating a global brand presence. Acquisition Update Post period end the Company completed the £4.5m acquisition of Elite Cleaning & Environmental Services Ltd ("Elite"). The earnings enhancing addition further strengthened the Company's UK reach adding a number of blue chip clients to the Company's customer base. Integration is continuing well and Elite has added new customers since the acquisition. Outlook The Company sees tremendous scope for organic and acquisitive growth, both within existing markets and new territories. Underpinned by high levels of recurring revenue and long-term client relationships, Mortice continues to have a strong pipeline across all parts of the business and continues to build on the momentum achieved during the period. Commenting, Manjit Rajain, Executive Chairman of Mortice, said: "I am delighted by the Company's strong performance during the period. We are creating a global footprint and remain extremely excited by the growth prospects across all parts of the business." |
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