nice update, as expected "Maintel interims are in line with materially unchanged expectations, with progress in the integration of Azzurri (acquisition completed May 4th) in terms of new contract wins and delivery of cost synergies. Challenges in the Maintel Managed Service business focused around three large contract wins expected earlier than their eventual June confirmation, which has led to a mild 2% trim to revenue but no change to EBITDA due to better than expected cost control. Strategic review of the Mobile business has led to a proactive 10% churn to the customer base, away from the SOHO and SME base, in turn leading to additional savings. EBITDA and cash generation remain on track with both a strong backlog and strong pipeline, leading to confidence in FY forecasts."Update from finnCap on Research Tree
Acquisition Looks like a great fit with £4.7m synergies . With a £24m placing that should lead to about £20m value added for us shareholders . Roll on £10 !!!
Interesting look at intrinsic value of Maintel Holdings What do people think of this DCF for MAI? [link]