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Pin to quick picksMaintel Share News (MAI)

Share Price Information for Maintel (MAI)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 230.00
Bid: 220.00
Ask: 240.00
Change: 5.00 (2.22%)
Spread: 20.00 (9.091%)
Open: 225.00
High: 230.00
Low: 225.00
Prev. Close: 225.00
MAI Live PriceLast checked at -

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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.
More News
9 Jan 2020 10:04

Maintel Holdings Shares Fall 30% As It Guides For "Disappointing" Year

Maintel Holdings Shares Fall 30% As It Guides For "Disappointing" Year

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9 Jan 2020 09:33

Maintel issues profit warning, halves dividend

(Sharecast News) - Cloud and managed services company Maintel Holdings warned on Thursday that full-year revenues and adjusted underlying earnings would be lower than expected as its dividend was halved .

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1 Oct 2019 18:34

Maintel Hires Former Avaya UK Managing Director As Chief Executive

Maintel Hires Former Avaya UK Managing Director As Chief Executive

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1 Oct 2019 08:08

Maintel taps Ioan MacRae for chief executive

(Sharecast News) - Cloud and managed services specialist Maintel Holdings named Ioan MacRae as chief executive officer on Tuesday, effective from 14 October.

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2 Sep 2019 13:12

Maintel revenue dips as Brexit worries weigh

(Sharecast News) - Shares in Maintel Holdings dipped on Monday after it reported a drop in interim revenue and warned Brexit uncertainty was beginning to interfere with contracts.

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2 Sep 2019 10:36

Maintel Swings To Interim Profit As Chief Executive To Depart

(Alliance News) - Maintel Holdings PLC on Monday reported a swing to interim profit and said its 10-year veteran chief executive officer, Eddie Buxton, will leave at the end of the year.The

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19 Jul 2019 14:09

Maintel Finance Chief Makes Resignation U-Turn, Receives Shares

(Alliance News) - Maintel Holdings PLC said Friday that Chief Financial Officer Mark Townsend has revoked his resignation and will remain with the company.Townsend, who will also remain on

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3 May 2019 11:06

Maintel Co-Founder McCaffrey Reverts To Non-Executive Position

LONDON (Alliance News) - Maintel Holdings PLC co-Founder & Executive Director Angus McCaffrey has stepped down from his position, Maintel said Friday.McCaffrey will become a director to

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18 Mar 2019 10:28

Maintel Sees Profit Growth In 2018 As It Transitions To Cloud Services

LONDON (Alliance News) - Maintel Holdings PLC on Monday reported a rise in profit and revenue in 2018 as the communications service provider shifted its product focus.Shares in Maintel were

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18 Mar 2019 08:28

Maintel profits soar after record cloud contract wins

(Sharecast News) - Maintel Holdings stormed skywards on Monday after a slew of new contracts, including its two largest ever cloud contracts, led to increases in both annual profit and revenue.

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4 Mar 2019 15:10

Maintel Holdings CFO Mark Townsend stepping down

(Sharecast News) - Maintel Holdings said on Monday that chief financial officer Mark Townsend plans to leave the company.

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4 Mar 2019 12:26

Maintel Chief Financial Officer To Step Down On Personal Reasons

LONDON (Alliance News) - Communication services provider Maintel Holdings PLC said on Monday that Chief Financial Officer Mark Townsend will leave his role and the company, citing personal notice

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28 Jan 2019 10:52

Maintel Expects To Report Double-Digit Growth In Earnings In 2018

LONDON (Alliance News) - Maintel Holdings PLC on Monday said it expects to see at least 10% earnings growth in 2018, helped by the development of its communications software and stock was trading

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28 Jan 2019 10:06

Maintel expects earnings at top end of guidance

(Sharecast News) - Communication services Maintel traded "comfortably" in line with revised market expectations in its recently wrapped up trading year.

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21 Nov 2018 10:32

Maintel Shares Drop As Delays Expected To Impact Earnings

LONDON (Alliance News) - Shares in Maintel Holdings PLC fell on Wednesday as the company said it expects its annual earnings before interest, taxes, depreciation and amortisation to be lower than

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