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Pin to quick picksMaintel Share News (MAI)

Share Price Information for Maintel (MAI)

London Stock Exchange
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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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Low: 230.00
Prev. Close: 230.00
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Maintel Swings To Interim Profit As Chief Executive To Depart

Mon, 02nd Sep 2019 10:36

(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 company said it has commenced a search for a replacement CEO, while also noting that its transition to a cloud and managed services business has continued.

London-listed shares were down 6.8% at 410.00p each on Monday morning.

Maintel posted pretax profit of GBP1.5 million for the six months to June 30, compared with a loss of GBP256,000 a year earlier. The 2018 interim loss resulted from a GBP1.3 million exceptional charge, while in the first half of 2019, Maintel recorded GBP12,000 in exceptional gains.

Stripping out amortisation charges, exceptional items and share-based payments, adjusted pretax profit jumped 17% in the first half to GBP4.9 million from GBP4.2 million a year before.

Revenue for the period fell 3% to GBP64.5 million from GBP66.5 million as a result of the company's continued market transition to new technologies and some delays in public sector contract awards.

Maintel raised its interim dividend payout by 0.7% to 15.1 pence each from 15.0p, saying this reflected confidence in underlying cash flow and long-term prospects.

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19 Sep 2024 11:50

Maintel Holdings maintains positive outlook as interim losses narrow

(Alliance News) - Maintel Holdings PLC on Thursday said that it expects to show further improvement in financial performance, after narrowing its losses in the first half.

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12 Sep 2024 13:55

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7 Aug 2024 17:29

TRADING UPDATES: CLS loss narrows; SIMEC strikes BESS deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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19 Jun 2024 15:50

IN BRIEF: Maintel aims to meet forecasts despite slow first half sales

Maintel Holdings PLC - London-based cloud and managed communications service provider - Issues trading statement ahead of Wednesday's annual general meeting. "Although mindful of the headwinds faced by the company, the board is cautiously optimistic at this point about delivering against market expectations," Maintel says. Points out sales pipeline remains buoyant and cost control and working capital management is being kept in clear focus. But, notes inbound cost pressures continue to provide a challenge and new contracts were closed later in the year than initially anticipated. This means revenue in the first half of the year has been slower than expected, with the second half set to deliver significantly more revenue than the first as the now secured order book is delivered and more of the pipeline is developed and closed.

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12 Jun 2024 16:07

UK shareholder meetings calendar - next 7 days

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1 May 2024 13:14

EARNINGS: Anexo revenue up; Maintel hails "confident start" to 2024

(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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24 Apr 2024 14:19

UK earnings, trading statements calendar - next 7 days

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19 Apr 2024 20:20

CORRECT: Maintel says Executive Chair Carol Thompson to leave post

(Corrected to clarify that Thompson's resignation is not linked to the delay in the release of results.)

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18 Apr 2024 13:42

IN BRIEF: Maintel says exec chair to resign following results delay

Maintel Holdings PLC - London-based cloud and managed communications service provider - Says Executive Chair Carol Thompson is to leave her role with immediate effect, and further, that Deputy Chair John Booth will not stand for re-appointment at the next AGM. Intends to look for a new non-executive chair to support the "continued transformation of Maintel".

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16 Apr 2024 13:45

UK earnings, trading statements calendar - next 7 days

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27 Feb 2024 13:56

IN BRIEF: Maintel Holdings name Dan Davies as interim CEO

Maintel Holdings PLC - London-based cloud and managed communications service provider - Says that, after successfully completing the initial phases of its turnaround plan, Dan Davies has taken over as interim chief executive officer while the company looks for a permanent replacement. Maintel explains that this will allow Carol Thompson to focus on her executive chair role. Both changes are effective immediately.

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22 Jan 2024 13:55

Reorganised Maintel flags improved full-year revenue, earnings

(Sharecast News) - Cloud, network, and security managed communications provider Maintel said in a full-year update on Monday that its strategic efforts and business reorganisation had yielded positive results, positioning it for growth in the coming year.

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22 Jan 2024 10:20

Maintel hails "acceleration in trading momentum" above expectations

(Alliance News) - Maintel Holdings PLC on Monday said it traded above expectations in the second half of 2023, after supply chain conditions normalised.

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19 Sep 2023 11:50

TRADING UPDATES: Maintel outlook promising; Good Energy revenue up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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12 Sep 2023 15:44

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