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    MIL   AU000000MIL8

MILLENNIUM SERVICES GROUP LIMITED

(MIL)
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Millennium Services Group Announces CEO Changes

05/16/2021 | 06:23pm EDT

Millennium Services Group announced that it had received the resignation of its CEO Mr. Darren Boyd. The Company also announced the appointment of a new Chief Executive in Mr. Scott Alomes. Mr. Alomes had been selected by the Company for the role of Chief Operating Officer and had accepted this role over the weekend. This was part of an overall succession plan which the Board has in place. Given the strength of Mr. Alomes' credentials, particularly in the areas of culture and people leadership, the Board has determined it appropriate to appoint Mr. Alomes to the role of Chief Executive Officer. Mr. Alomes recently finished a five-year period at U.S. Nasdaq listed company EZCORP Inc. where he was the Chief Human Resources Officer as well as managing the Canadian lending operations of the Company. Mr. Alomes will commence his role as Chief Executive Officer in early June and in the interim the Chairman, Mr. Stuart Grimshaw, will assume the role as Executive Chairman.


ę S&P Capital IQ 2021
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Financials
Sales 2022 259 M 192 M 192 M
Net income 2022 3,30 M 2,45 M 2,45 M
Net cash 2022 9,90 M 7,35 M 7,35 M
P/E ratio 2022 8,71x
Yield 2022 -
Capitalization 28,3 M 21,0 M 21,0 M
EV / Sales 2022 0,07x
EV / Sales 2023 0,05x
Nbr of Employees -
Free-Float 27,8%
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Income Statement Evolution
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Sell
Buy
Mean consensus BUY
Number of Analysts 0
Last Close Price 0,61 
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Scott Alomes Chief Executive & Operating Officer
Michael Constable Chief Financial Officer & Co-Secretary
Stuart I. Grimshaw Executive Chairman
David Benjamin Chief Information Officer
Rohan Garnett Independent Non-Executive Director
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