News blog

Michelmersh Brick

  • BY: Andrew Hore |
  • POSTED: 20/07/2009 |

Michelmersh Brick has completed the refinancing of its borrowings.

The brick maker says that the Barclays bridging loan and revolving loan facilities have been extended with repayment due on 1 June 2011. This sparked a 1.5p rise in the share price to 22.5p a share, which values Michelmersh at 9.09m. 

Michelmersh says that the renewed facilities will help it to take advantage of opportunities in its market as competitors withdraw from markets.

Net debt was 17.1m at the end of 2008 and the significant depreciation charge means that the figure could fall slightly this year despite house broker Charles Stanley forecasting a 2009 loss of 500,000.

© 2018 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

News Blog
All micro news

Symphony Environmental Technologies

Symphony Environmental Technologies increased it 2017 revenues by more than one-fifth and more than tripled profit. 

Continue reading... | 18/03/2018


SerVision says it is likely to offload its subsidiaries and become a shell.

Continue reading... | 18/03/2018

Quoted Micro 12 March 2018

Continue reading... | 18/03/2018


Continue reading... | 18/03/2018

All micro news

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at Subscribe to AIM Micro RSS Feeds