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Maintel Information
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
High:
230.00
Low:
230.00
Prev. Close:
230.00
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Don't have an account? Click here to register.Maintel shares tumble as delayed revenues drag EBITDA
Wed, 21st Nov 2018 09:44
(Sharecast News) - Maintel shares tumbled in early trading on Wednesday after the cloud services provider warned investors of lower revenues and earnings in its second half.New sales had been "relatively strong" throughout the half, but the company noted there had been a "significant shift" in its sales mix away from short-term projects where revenue and EBITDA can be quickly recognised, to longer-term recurring revenue."This trend is forecast to continue over the remainder of the current financial year and into 2019," said MaintelThe AIM-quoted firm also noted that, having entered the second half with a "healthy backlog of project work", some projects planned for completion in the second half had been delayed, pushing revenues into next year and adversely affecting EBITDA.As a result, the board now expects adjusted EBITDA for the year ended 31 December 2018 to be in the range of £12m to £12.5m - down from the £12.5m to £13m previously forecast but ahead of the £10.9m recorded a year earlier.As of 0950 GMT, Maintel shares had crashed 20.66% to 480p.
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(Alliance News) - The following is a round-up of earnings updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Read more17 Feb 2023 10:29
IN BRIEF: Maintel shares plunge as CEO Ioan MacRae resigns immediately
Maintel Holdings PLC - London-based cloud and managed service specialist - Chief Executive Officer Ioan MacRae resigns with immediate effect. Executive Chair Carol Thompson will assume day-to-day responsibility while Maintel searches for a new CEO.
Read more19 Jan 2023 21:55
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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Read more25 Mar 2022 17:34
IN BRIEF: Maintel Holdings signs new GBP26 million facility with HSBC
Maintel Holdings PLC - London-based cloud and managed service specialist - Agrees new refinancing agreement with HSBC UK for a GBP26 million facility over a three-year term at least. The new facility with HSBC UK replaces a six-year partnership with NatWest Bank.
Read more25 Mar 2022 10:32
Maintel replaces NatWest facility with 'more favourable' HSBC deal
(Sharecast News) - Cloud, network and security service provider Maintel announced a new refinancing agreement with HSBC UK on Friday, for a £26m facility over a minimum three-year term.
Read more31 Jan 2022 14:55
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