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mic (M3B)

Business description

mic is a diversified technology investment company with a particular focus on large-scale data handling, automated optical inspection, acoustic and strain monitoring over fibre-optic networks. It holds majority stakes in companies through intermediate holding companies.

Stock data

Market cap.€6.6m
Last close€0.43
High / Low (52 weeks)€1.0 / €0.4
Stock market listingDB
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamFinancials
SectorFinancials

Price performance

%1m3m12m
Actual(13.9)(17.6)(35.8)
Relative *(10.1)(11.1)(28.2)

* % Relative to local index

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Company news

Latest research

Good for now

Update | Financials | 10/10/2018

Fresh start

Update | Financials | 10/08/2018

Clean-up continues

Update | Financials | 20/10/2017

New beginning

Update | Financials | 31/08/2017

Refocusing in progress

Initiation | Financials | 18/07/2017

AKTUELLE VERÖFFENTLICHUNGEN

mic

mic: Neuanfang

10/08/2018
mic

Straffung weiter im Gange

20/10/2017
mic

Ein neuer Anfang

31/08/2017
mic

Refokussierung im Gang

18/07/2017

Investment summary

H118 results suggest continued progress in mic’s ‘remarkable change of course’ although, in the absence of management commentary/guidance, underlying performance and immediate financial prospects are necessarily hard to judge. Gross profit was c 20% ahead of H217, while EBT was broadly maintained year-on-year after adjusting for one-off restructuring gains, which flattered the comparative. Significantly, there was also further marked reduction in liabilities (€0.5m vs €0.8m at December 2017) thanks to efficiencies. Restructuring was last reported in July to be largely completed, with management confident that its portfolio focus on three business areas with good potential is ‘very much on track’.

Last updated on 10/10/2018

Key management

Andreas Empl, CEO

Company address

Denisstr. 1b
Muenchen
80335
Germany
+49 089 286 738 112
View website