Maintel, which provides service and support for telecoms networks in the UK as well as having a smaller business in selling voice and data services, came on to the Aim a few days before Xmas. It is currently capped at around 15m
It looks a potential high growth company with a decent record of profitability and even the chance of a reasonable dividend - all quite unusual for a telecoms related newcomer. It has recently been tipped in the S Tel and is today featured on citywire as an interesting new issue.
Not a lot of info other than the Tele and citywire stuff is available but some main points from these sources are:
-Profitable since 1996 and has, acc to S Tel, shown ' an ability steadily to increase revenues'.
-Profits of £1.35m last year acc to citywire ( assume this is to Dec 03), and has made £784k in first half this year. Has shown profit growth of 34-40% pa. since 2001.
-Has 'pledged to return 40 per cent of profits to shareholders in dividends' (source - S. Tel). By my calcs they should make at least 10p eps and therefore pay 4p divi this year.
A current PE of around 10 ( again my own guesstimate, as Peel Hunt don't seem to have published a forecast yet) dosen't look demanding given the above info, though I have requested the IPO docs for more backround details.
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