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Pin to quick picksMaintel Share News (MAI)

Share Price Information for Maintel (MAI)

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Share Price: 230.00
Bid: 220.00
Ask: 240.00
Change: 0.00 (0.00%)
Spread: 20.00 (9.091%)
Open: 230.00
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Maintel Holdings confident in second half performance

Mon, 10th Sep 2018 14:57

(Sharecast News) - Communications cloud and managed services provider Maintel Holdings announced its interim results for the six months to 30 June on Monday, reporting a 14% improvement in revenue to £66.5m, with recurring revenue at 70%.The AIM-traded form said gross profit increased to £18.2m from £17.4m, with adjusted EBITDA falling 2% to £5.0m.Adjusted earnings per share slipped to at 25.9p, from 27.1p in the first half of last year.The board did report "strong" cash performance, with underlying cash conversion standing at 80% of adjusted EBITDA, while net debt at reduced to £26.1m from £27.7m on 31 December.It proposed an Interim dividend per share proposed of 15.0p, rising from last year's interim distribution of 14.7p.On the operational front, Maintel said its transition to a cloud and managed services business was "on track", with positive momentum maintained through the period.Cloud-based revenues had grown 33% to £7.7m, and managed services by 22% to £23.2m, the board reported.It said it was continuing its ongoing investment into automation of services and higher growth areas of the business, while new business orders were up 25%, which was reportedly underpinned by the resurgence in the Avaya business with significant project revenues carried into the second half.Maintel said its recovery was set to continue, with a "strong" order book and pipeline going into the latter half of the year.The acquisition of a Unify customer base was completed 1 July, the directors noted, together with a wider channel partner agreement with parent company Atos."The performance in the first six months of the year reflects our continuing transformation into a cloud and managed services business and the ongoing investment which we are making into the higher growth areas of the business," said Maintel chief executive officer Eddie Buxton."Our ICON cloud services continue to attract new customers, particularly in unified communications and managed security, and our managed service base has benefited from some significant new contract wins and the contribution from the acquisition of Intrinsic."Buxton said technology revenues had benefited from the resurgence in the firm's Avaya practice, and "significant" new customer wins in both the public and private sectors, with the company carrying a "strong" work in progress and project pipeline into the second half, which he said underpinned the board's confidence in management expectations for the full year."We expect to see margin improvement in the second half, partly driven by the full benefit of the restructuring undertaken in the first quarter to facilitate our transition to cloud delivery and partly due to revenue mix, as the move towards more cloud based services continues."Reflecting our confidence in the underlying cash flow of the group and its longer term prospects, Maintel proposes to pay an interim dividend of 15.0p, representing a 2% increase on the 2017 interim dividend."
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3 Feb 2014 10:49

DIRECTOR DEALINGS: Maintel Holdings Executives Sell Shares

LONDON (Alliance News) - Maintel Holdings PLC Monday said Chief Executive Edward Buxton, Finance Director Dale Todd and non-executive director Nicholas Taylor sold shares under the company share plan Friday.

Details are as follows.

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2 Jan 2014 15:07

Maintel Holdings Appoints Operations Director

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1 Nov 2013 13:07

DIRECTOR DEALINGS: Maintel Senior Executives Acquire Shares

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22 Oct 2013 09:29

DIRECTOR DEALINGS: Maintel Directors Acquire Shares

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16 Sep 2013 14:26

Maintel Holdings Profit Jumps As Network Business Performs Strongly

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10 Sep 2012 12:27

Maintel shares fall as profit declines

Maintel, a telecoms and data services company, increased its revenues by six per cent in the first half of 2012, boosted by a significant contribution from its acquisition of Totility in October the previous year. Revenue for the period rose to £13.5m (H1 2011 - £12.7m), delivering adjusted profit

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28 Mar 2012 16:09

Maintel sales director reduces sizeable stake in firm

Angus McCaffery, Sales and Marketing Director of Maintel, a telecoms and data services company, sold off 115,000 ordinary shares for 380p each. The £437,000 transaction left McCaffery with just over two million shares, equal to around 19.25% of the company. Earlier this month the firm posted a r

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2 Feb 2012 16:32

Maintel looking good

Maintel, a telecoms and data services company, has reported that trading profits for the year to December 31st are expected to be moderately ahead of market expectations. The group has achieved robust levels of growth during the period and has seen improved profitability in its Maintenance and Net

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11 Mar 2011 10:28

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Maintel, the supplier of telecoms products and services to businesses, posted a decent rise in profits last year as sales picked up following a tough 2009, but predicts a difficult 2011. Pre-tax profits in the year to 31 December climbed by 12% from 2009 to £2.673m, on revenues that were up 13% at

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Directors buy following Proximagen deal

Three directors in AIM-quoted biotech sector consolidator Proximagen have added to their holdings following the company's deal with BrainCells Inc for its sabcomeline programme. The Proximagen share price was flat yesterday but the news of the share buying sparked it into life and it ended up 16.5p

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2 Jul 2010 07:14

Maintel Holdings Signs Westcon Convergence Partnership Deal

LONDON (Dow Jones)--Maintel Holdings Plc (MAI.LN), an independent telecoms services providers in the U.K., announced Friday an agreement to provide its services to Distribution Partner Westcon Convergence U.K.. MAIN FACTS: -No financial details disclosed -This strategic partnership will

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