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Maintel – interims include underlying demand “remains high” and new business pipeline “remains strong”, so why further share price decline?

By Steve Moore | Monday 2 September 2019


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Maintel Holdings (MAI) has updated including first half of 2019 “adjusted earnings per share at 30.0p (H1 2018: 25.9p)… interim dividend per share proposed at 15.1p (H1 2018: 15.0p)” and that it “continues its transformation into a cloud and managed services provider with growth of 32% in unified communications seats on our ICON cloud platform and revenues from cloud and software customers now representing 20% of overall turnover… Underlying demand for our services remains high and our new business pipeline remains strong with some significant project opportunities”. The shares have responded to 425p – er, approaching 3.5% lower!...

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