Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  MBH Corporation PLC    M8H   GB00BF1GH114

MBH CORPORATION PLC

(M8H)
  Report
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

MBH : acquires Robinsons Caravans and establishes new Leisure vertical

share with twitter share with LinkedIn share with facebook
03/16/2020 | 02:00am EDT

DGAP-Ad-hoc: MBH Corporation Plc / Key word(s): Investment
MBH Corporation plc acquires Robinsons Caravans and establishes new Leisure vertical

16-March-2020 / 07:56 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


MBH Corporation plc acquires Robinsons Caravans and establishes new Leisure vertical

London, 16 March 2020 - MBH Corporation plc (MBH), a diversified investment holding company, has acquired 100% of Robinsons Caravan Ltd, UK. In the 2019 financial year the company generated unaudited revenues of GBP18 million and an EBIT of GBP1.05 million. The acquisition of Robsinson Caravans will establish a fifth industry vertical, "Leisure", alongside Education, Construction Services, Engineering and Health.


Robinsons Caravans Ltd has been established since 1963, as a family owned business that has been trading within the caravan industry for over 54 years, throughout Chesterfield, Derbyshire, Worksop and Nottinghamshire in the United Kingdom and sold 1,200 units in 2019.

In line with MBH's established Agglomeration strategy, this acquisition is expected to be earnings per share ("EPS") accretive. Unlike previous acquisitions, MBH has elected to not issue further shares for this transaction, but instead issue a note, equivalent to a bond to complete this transaction. This decision has been made to preserve the EPS accretive strategy that MBH pursues whilst MBH is currently under-leveraged and market conditions are less favourable. Future acquisitions may involve the use of bonds in combination with equity.

The total consideration for the acquisition is approximately between GBP7.2m and GBP 8.6m (which includes the acquisition of net assets of approximately GBP 2.5m) which is 100% settled by way of an unlisted loan note at the following terms:

  • 5 year maturity with principal payable at maturity; and
  • 5% coupon rate per annum payable semi annually.

The final consideration amount will be finalised once the audited financials statements have been completed for the years ended 31 December 2019 and 31 December 2020.

Contact:
MBH Corporation plc, Charlotte Williams, charlotte@unity-group.com, +44 (0)770 396 3953

 


Information and Explanation of the Issuer to this News:

About MBH

MBH Corporation plc is a diversified investment holding company, listed on the Frankfurt and Dusseldorf Stock Exchanges. The company acquires small to medium enterprises across multiple geographies and sectors that are well established, profitable and looking to scale. By leveraging the Agglomeration strategy, MBH Corporation plc is able to create substantial shareholder value through the consistent and accretive acquisition of excellent companies.

www.mbhcorporation.com

Contacts for IR and media enquiries:

MBH Corporation plc, Charlotte Williams, charlotte@unity-group.com, +44 (0)770 396 3953

Kirchhoff Consult AG, Nicole Schüttforth, nicole.schuettforth@kirchhoff.de, +49 (0)40 609186 64


16-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: MBH Corporation Plc
Studio 7-9, Royal Patriotic Victoria Building, Joh
SW18 3SX London
United Kingdom
E-mail: fo@mbhcorporation.com
Internet: https://www.mbhcorporation.com/
ISIN: GB00BF1GH114
WKN: A2JDGJ
Listed: Regulated Unofficial Market in Dusseldorf, Frankfurt
EQS News ID: 997695

 
End of Announcement DGAP News Service

997695  16-March-2020 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=997695&application_name=news&site_id=zonebourse

© EQS 2020
share with twitter share with LinkedIn share with facebook
Latest news on MBH CORPORATION PLC
07/01MBH : GBC AG confirms 'buy' rating with target share price of EUR 1.89
EQ
06/30MBH : Further boosts its education vertical with acquisition of learning wings p..
EQ
06/22MBH : grows faster than the majority of companies listed on the European small c..
EQ
06/09MBH : completes acquisition of Logistica Training to support growth of its Educa..
EQ
06/09MBH : acquires 'Logistica Training' into education industry vertical
EQ
05/29MBH : to issue dividend of EUR 0.5 cents per share after net profit almost tripl..
EQ
05/29MBH CORPORATION PLC : Board of Directors Announcement
EQ
04/30MBH : grows dynamically in 2019 and intends first dividend payout in 2020
EQ
04/22MBH : and Asia Pacific Energy Venture Pte Ltd announce demerger
EQ
03/30MBH : reacts to COVID-19 global situation
EQ
More news
Financials
Sales 2020 53,7 M 67,1 M 67,1 M
Net income 2020 - - -
Net Debt 2020 - - -
P/E ratio 2020 -
Yield 2020 2,26%
Capitalization 17,4 M 19,6 M 21,7 M
EV / Sales 2019
Capi. / Sales 2020 0,32x
Nbr of Employees 184
Free-Float 93,8%
Chart MBH CORPORATION PLC
Duration : Period :
MBH Corporation PLC Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MBH CORPORATION PLC
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Average target price 173,30 GBX
Last Close Price 0,44 GBX
Spread / Highest target 39 108%
Spread / Average Target 39 108%
Spread / Lowest Target 39 108%
Managers
NameTitle
Allan Michael Presland Chief Executive Officer & Executive Director
Callum Arthur Michael Laing Non-Executive Chairman
Wei Nam Tan Chief Financial Officer & Executive Director
Toby David Street Secretary & Independent Non-Executive Director
David Hallam Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
MBH CORPORATION PLC-28.16%20
CBRE GROUP, INC.-25.75%14 903
ZILLOW GROUP, INC.29.84%13 209
A-LIVING SERVICES CO., LTD.41.26%6 486
JONES LANG LASALLE INCORPORATED-39.62%5 427
POLY PROPERTY DEVELOPMENT CO., LTD.63.32%5 412