Most recently on group describing itself as “a global specialist audio visual distributor to the trade market” Midwich (MIDW), in May with the shares falling to around 150p I concluded it looked a struggle for recovery and on net debt again this year and still sell. The shares most recently closed below 130p, but what about them currently up towards 140p on a “Pre-close Trading Statement”?
Describing itself as “a global specialist audio visual distributor to the trade market”, Midwich Group (MIDW) has issued an “AGM Statement” including that “the challenging market conditions seen in recent periods have started to ease in some regions” and it “continue to see significant opportunities to both grow faster than the overall market and take further action to drive efficiencies across the business in the current year”. What about a current share price response to around 150p, more than 8% down?
Describing itself as “a global specialist audio visual distributor to the trade market”, Midwich Group (MIDW) has issued a “Trading Statement” headlined “Results in line, with return to growth in the second half year”. What about the shares currently responding a bit up to 185.5p but comparing to above 220p as recently as September?
Describing itself as “a global specialist audio visual distributor to the trade market”, Midwich Group (MIDW) has announced results for the first half of the 2025 calendar year headlined “Robust performance despite ongoing challenging market conditions; year-end outlook unchanged”. So what about a share price response currently slightly lower towards 200p following the shares having commenced this year at 292p?
‘Global specialist audio visual distributor to the trade market’ Midwich Group (MIDW) has issued a “Pre-close Trading Statement” headlined “Year-end outlook unchanged despite challenging market conditions continuing”. What about a currently slightly higher to 208p share price in response, though still well down from above 290p to start 2025?
Most recently on audio visual distributor to the trade market Midwich Group (MIDW), in January with the shares down to 278p I reviewed how “well positioned” really and concluded I’d want a materially better outlook before reconsidering my prior caution. What about now, with an “AGM Statement” and the shares currently falling to around 200p?
Audio visual distributor to the trade market, Midwich Group (MIDW) has issued a “Trading Statement” headlined “Robust Performance in a Challenging Market”. So what of a currently slightly down to 278p share price in response and that also comparing to above 400p in early 2024?
Most recently writing on audio visual distribution group Midwich (MIDW), just last month with the shares at 324p I concluded its then-stated “full year expectations unchanged” reluctantly speak their name because at the half-year adjusted operating profit was down more than 15% and it admitted “the board expects macroeconomic conditions to remain challenging in certain markets for the remainder of this year” but full year expectations were stated in May as “now expect adjusted operating profit for the full year to be broadly in line with that achieved in 2023”. As such, I concluded still avoid/sell. The shares most recently closed at 320p, and today a “Trading Update” announcement commencing it is also “providing… revised guidance for the year ending 31 December 2024”. Uh oh!
Audio visual distribution group Midwich (MIDW) has announced results for the first half of 2024 headlined “Robust performance with record gross margins despite market challenges; full year expectations unchanged”. So what of a current 324p share price comparing to 440p as recently as April?
