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Share Price: 8.50

Bid: 7.00

Ask: 10.00

Change: 0.00 (0.00%)

Spread: 3.00 (42.857%)

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Motivcom signals confidence with divi hike

Wed, 26th Sep 2012 16:52

Employee retention and company events specialist Motivcom signalled confidence for the full year with a big hike in its interim dividend, despite a decline in revenues and profits.Timing differences in major contracts and other phasing issues meant that revenue in the first half of 2012 retreated to £49.24m from £52.60m the year before. The Olympic Games had some impact on those phasing issues, and the group remains confident of meeting the market's full year expectations.Headline profit before tax decreased by 13% to £1.32m from £1.51m, which was slightly better than house broker Numis Securities had been expecting. Reported profit before tax, which includes one-off items, tumbled 30% to £0.90m from £1.28m at the half-way point of 2011."We are still expecting modest growth year-on-year, which is no change from the last time we spoke to you," Group Financial Director Sue Hocken told Sharecast.In general, but particularly on the sales promotion and events organisation side, the group is holding on to its customers, but those customers are spending less. The shortfall is being made up by new contract wins, including some big names - Barclays, Lloyds Banking, the Post Office and BG Group."In our Events business, we are seeing employers shaving back a bit, both in terms of scale and numbers attending," revealed John Sylvester, Executive Director of Motivation and Incentive Services."As for the Meetings business, we've looked into this and found out that activity more or less tracks the movements of the Footsie. We were hoping it would be slightly in advance ..." Sylvester quipped."The group has worked hard to continue developing new products in certain areas of the business, as well as securing new client wins during the period," said Colin Lloyd, Chairman of Motivcom."The board is confident that the group's approach is maintaining its leading position in the market, and this confidence is demonstrated by the dividend increase of 30%," Lloyd added.Talking of which ... the interim dividend has been bumped up to 1.5p from 1.15p last year. The group's final dividend is normally twice the interim dividend, Hocken told Sharecast, so that suggests a full-year dividend of 4.5p, which would put the shares on a yield of around 5%."We like to think that we offer the private investor the chance to invest in a resilient business that offers a good dividend," Hocken concluded.JH

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29 Apr 2022 09:41

MC Mining seeks to raise funds after boosting output in third quarter

(Alliance News) - MC Mining Ltd said on Friday it was exploring ways to raise funds as the coal miner reported an increase in production in the third quarter, taking advantage of high prices.

13 Apr 2022 13:44

IN BRIEF: MC Mining completes feasibility study at the Makhado project

MC Mining Ltd - Western Australia-based developer and producer of thermal and coking coal with projects in South Africa - Completes its bankable feasibility study at its Makhado hard coking coal project in the Limpopo province. Expects to finalise the financing for the project in the third quarter of 2022, with construction commencing soon after.

8 Apr 2022 15:02

IN BRIEF: MC Mining Executive Director Randazzo steps down

MC Mining Ltd - South Africa-focused coal miner - Executive Director San Randazzo will step down with immediate effect, but will remain in the role of interim CEO until the board finds a suitable replacement. Randazzo has been part of MC Mining for three years since 2019.

4 Apr 2022 15:45

UK shareholder meetings calendar - next 7 days

Tuesday 5 April
Allied Minds PLC	GM
Athelney Trust PLC	AGM
Scottish American Investment Co PLC	AGM
Wednesday 6 April
Downing Renewables & Infrastructure PLC	AGM
Thursday 7 April
RM PLC	AGM
Friday 8 April
Path Investments PLC	GM re DG Innovate purchase and name change
Rio Tinto PLC	AGM
Monday 11 April
MC Mining Ltd	EGM
Gore Street Energy Storage Fund PLC	GM re investment and dividend policy
TruFin PLC	GM re equity raise

Copyright 2022 Alliance News Limited. All Rights Reserved.

14 Mar 2022 09:33

IN BRIEF: MC Mining loss narrows on higher revenue thanks to Uitkomst

MC Mining Ltd - South Africa-focused coal miner - Reports pretax loss of USD1.3 million in the six months to December 31, narrowed from USD2.9 million a year prior. Revenue rises to USD13.0 million from USD8.8 million. MC Mining does not pay dividends.

11 Mar 2022 08:46

IN BRIEF: MC Mining chair exits, Mosehla steps in on interim basis

MC Mining Ltd - coal miner focused on South Africa - Bernard Pryor will step down as chair from Friday. Long standing Non-Executive Director Khomotso Mosehla has been appointed as an interim chair pending the outcome of the shareholder requisitioned meeting scheduled for April 11.

1 Mar 2022 12:28

IN BRIEF: MC Mining well placed to develop Makhado project in SA

MC Mining Ltd - coal miner focused on South Africa - Announces that subsidiary Baobab Mining & Exploration Pty Ltd has paid final instalment of ZAR35 million for the the Lukin and Salaita properties, which make up the Makhado hard coking coal project in South Africa.

14 Feb 2022 09:17

IN BRIEF: MC Mining shareholders call for GM in bid for board changes

MC Mining Ltd - coal miner focused on South Africa - Receives notice from shareholders to requisition a general meeting to consider board changes. Proposed board removals are of interim Chief Executive Sam Randazzo as well as Chair Bernard Pryor. Proposed replacements include the appointment of former South African minister of finance, Nhlanhla Nene, and former Anglo American Coal CEO, Godfrey Gomwe. Gomwe is also currently a non-executive director of Orion Minerals Ltd and AECI Ltd.

1 Feb 2022 11:01

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Mc Mining Share News (MCM)

Share Price Information for Mc Mining (MCM)

Motivcom signals confidence with divi hike

MC Mining seeks to raise funds after boosting output in third quarter

IN BRIEF: MC Mining completes feasibility study at the Makhado project

IN BRIEF: MC Mining Executive Director Randazzo steps down

UK shareholder meetings calendar - next 7 days

IN BRIEF: MC Mining loss narrows on higher revenue thanks to Uitkomst

IN BRIEF: MC Mining chair exits, Mosehla steps in on interim basis

IN BRIEF: MC Mining well placed to develop Makhado project in SA

IN BRIEF: MC Mining shareholders call for GM in bid for board changes

MC Mining to raise ZAR86 million through Senosi investment

MC Mining coal output down in second quarter on Uitkomst constraints

IN BRIEF: IDC extends repayment date for MC Mining loan to November

UK shareholder meetings calendar - next 7 days

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MC Mining shares rise on solid performance while production costs fall

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