News blog

Maxima Holdings

  • BY: Andrew Hore |
  • POSTED: 14/04/2011 |

IT software and services provider Maxima Holdings says that delays and cancellations mean that its second half performance will be weaker than expected.

At 50.5p a share, down 31p, Maxima is valued at £12.8m.

Delays in the timing of delivery to some customers is compounding the problem and second half revenue will be much lower. Revenue is expected to be at least £45m in the year to May 2011, down from £51m the previous year. Pre-tax profit will not get anywhere near the £5m previously forecast for 2010-11.

Management believes that Maxima’s Cloud-based expertise can be exploited but it needs additional investment. A review of the business is underway and this may lead to partnerships, a takeover or the raising of new cash. The latter will be made more difficult by the share price slump today.

Download the April edition of AIM Journal at http://www.hubinvest.com/AIMPDFApril2011_19.pdf

© 2021 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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 AIMMicro.com. Subscribe to AIM Micro RSS Feeds