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Pin to quick picksMc Mining Regulatory News (MCM)

Share Price Information for Mc Mining (MCM)

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Share Price: 7.50
Bid: 7.00
Ask: 8.00
Change: 0.00 (0.00%)
Spread: 1.00 (14.286%)
Open: 7.50
High: 7.50
Low: 7.50
Prev. Close: 7.50
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Trading Update

27 Jun 2014 07:00

RNS Number : 6909K
Motivcom PLC
27 June 2014
 



 

Motivcom plc

 

("Motivcom" or "Group")

 

Trading update

 

27 June 2014

 

Trading in the first half of this year, being the 6 months to 30 June 2014, will be below the Board's expectations. Whilst the level of the Group's order intake remains satisfactory, the delivery of much of this work is heavily weighted into the second half of the year. As the Group only recognises profit on the events and sales promotions business when the event has taken place or the promotion has started, this is expected to significantly impact the outturn of the first half of the year. The variation in phasing between the first and second half has been a regularly reported characteristic of the Group's business and this industry. The Board views this matter mainly as a timing issue.

 

In addition, following a protracted tender process, Zibrant Limited, one of the Group's major subsidiaries in the meetings & events division has been notified that it has not retained one of its significant clients and such services will cease in November 2014.

 

The Board continues to remain cautiously optimistic about the Group's prospects, assuming no material change to the economic environment.

 

- Ends -

For further information:

Motivcom

Sue Hocken

Tel: +44 (0) 845 053 5529

sue.hocken@motivcom.com

www.motivcom.com

 

Grant Thornton Corporate Finance

Philip Secrett / Salmaan Khawaja/Jamie Barklem

Tel: +44 (0)207 383 5100

philip.j.secrett@uk.gt.com

www.gtuk.com

 

Numis Securities Limited

David Poutney/ Nick Westlake / Paul Gillam

Tel: +44 (0)20 7260 1000

www.numis.com

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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