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Midwich Group

Current Price 598.00p Bid 596.00p Ask 604.00p Change -0.17%
Last Updated: 22/11/2019 17:36. Prices delayed by at least 15 minutes.
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Company Overview

Midwich Group plc is a specialist AV distributor to the trade market, with operations in the UK and Ireland, Continental Europe and Asia-Pacific. The Group's long-standing relationships with over 400 vendors, including blue-chip organisations, support a comprehensive product portfolio across major audio visual categories such as large format displays, projectors, digital signage and professional audio. The Group operates as the sole or largest in-country distributor for a number of its vendors in their respective product sets. The Directors attribute this position to the Group's technical expertise, extensive product knowledge and strong customer service offering built up over a number of years. The Group has a large and diverse base of approximately 14,000 customers, most of which are professional AV integrators and IT resellers serving sectors such as corporate, education, retail, residential and hospitality. Although the Group does not sell directly to end users, it believes that the majority of its products are used by commercial and educational establishments rather than consumers. Initially a UK only distributor, the Group now has over 800 employees across the UK and Ireland, Continental Europe and Asia-Pacific. A core component of the Group's growth strategy is further expansion of its international operations and footprint into strategically targeted jurisdictions.

Financial Highlights Year Ended 31/12/2018

Turnover
£573.68m
Operating Profit
£24.75m
Dividend Yield
2.78
Dividend Per Share
15.20
Dividend Cover
1.20
P/E Ratio
30.01

Key Personnel

Stephen Lamb
Group Finance Director
Stephen Barry Fenby
Managing Director
Andrew Charles Herbert
Non-Executive Chairman
Hilary Wright
Non-Executive Director
Michael Ashley
Non-Executive Director

Stock Details

EPIC
MIDW
ISIN
GB00BYSXWW41
Shares in Issue
79,973,412
Market cap
£444.65m

Analyst Views (0)

Strong Buy
 
0.00%
Buy
 
0.00%
Hold
 
0.00%
Sell
 
0.00%
Strong Sell
 
0.00%
The above information represents a selection of the views published in the last 120 days by analysts. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
600.00p
Bid Price
596.00p
Ask Price
604.00p
Volume
40765
Change Today
-1.00p
% Change Today
-0.17%
Open
599.00p
Previous Close
600.00p
Intraday High
602.60p
Intraday Low
588.25p
52 Week High
640.00p
52 Week Low
470.00p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Midwich Group Intra-day Chart

Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Tangible Assets
7.4
7.7
Intangible Assets & Goodwill
36.0
31.4
Investments & Other Non-Current Assets
1.2
0.4
Total Non-Current Assets
44.6
39.5
Inventory
74.4
63.0
Trade & Receivables
83.1
76.4
Cash & Receivables
16.7
28.2
Other Current Assets & Assets Held for Resale
0.0
0.0
Total Assets
218.8
207.0

Liabilities (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Short Term Liabilities
141.5
142.6
Long Term Liabilities
18.9
11.3
Other Liabilities / Pension etc
0.0
0.0
Total Liabilities
160.5
153.9

Net Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Net Assets
58.4
53.1

Equity (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Share Capital
0.8
0.8
Minority Interests
4.6
3.1
Retained Earnings
27.8
24.3
Share Premium Account
25.9
25.9
Other Equity
-0.6
-1.0
Total Equity
58.4
53.1

Cashflow (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Cashflow from Operating Activities
22.4
17.3
Cashflow Before Financing
9.0
6.9
Increase / Decrease in Cash
-3.9
2.2

Income (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Turnover
573.7
471.9
Cost of Sales
479.1
398.8
Gross Profit
94.6
73.1
Operating Profit
24.8
20.8
Pre-Tax Profit
21.1
18.9
Profit / Loss for the Year
15.3
14.0

Dividend History

Data has been provided by AJ Bell

Period
Ex-Dividend Date
Payment Date
H1 Dividend
19 Sep 2019
25 Oct 2019
H2 Dividend
16 May 2019
21 Jun 2019
H1 Dividend
20 Sep 2018
26 Oct 2018
H2 Dividend
24 May 2018
22 Jun 2018
H1 Dividend
21 Sep 2017
27 Oct 2017
H2 Dividend
23 Mar 2017
21 Apr 2017
H1 Dividend
22 Sep 2016
21 Oct 2016
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
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