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    MSLH   GB00B012BV22

MARSHALLS PLC

(MSLH)
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Marshalls to Seek Acquisitions

08/19/2021 | 04:00am EDT

Marshalls plc (LSE:MSLH) will look for acquisitions. Justin Lockwood Chief Financial Officer said during the half year results, "Net assets have strengthened during the period to more than GBP 300 million. So taken together, the strong balance sheet, the highly cash-generative nature of the business model and the headroom against our debt facilities gives us significant capacity to execute our organic growth strategy and to consider selective acquisitions as and when opportunities arise. Turning now to our capital allocation policy, and this is a slide that will be very familiar to all of you. And I can confirm that there have been no changes to this policy during the period. Our first priority remains to invest in our organic growth opportunities. And whilst CapEx was relatively modest in the first half of the year at GBP 7 million, we expect to spend around about GBP 30 million for the year as a whole, and that's driven by incremental expenditure on the dual block plant at St Ives and a variety of other projects. Our second priority is to continue to invest in R&D and new product development, and we expect to spend a similar amount in that area as in previous years. We operate a progressive dividend policy, and we aim to maintain dividend cover of 2x over the business cycle. And we will continue to evaluate potential acquisition opportunities where we see good businesses in attractive markets that add value to both our customer offer and to our shareholders".


© S&P Capital IQ 2021
All news about MARSHALLS PLC
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More news
Analyst Recommendations on MARSHALLS PLC
More recommendations
Financials
Sales 2021 571 M 788 M 788 M
Net income 2021 56,4 M 77,8 M 77,8 M
Net Debt 2021 9,86 M 13,6 M 13,6 M
P/E ratio 2021 25,1x
Yield 2021 1,90%
Capitalization 1 409 M 1 946 M 1 943 M
EV / Sales 2021 2,48x
EV / Sales 2022 2,35x
Nbr of Employees 2 500
Free-Float 96,1%
Chart MARSHALLS PLC
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Marshalls plc Technical Analysis Chart | MSLH | GB00B012BV22 | MarketScreener
Technical analysis trends MARSHALLS PLC
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 709,00 GBX
Average target price 841,00 GBX
Spread / Average Target 18,6%
EPS Revisions
Managers and Directors
Martyn Coffey Chief Executive Officer & Executive Director
Justin Ashley Lockwood Chief Financial Officer
Vanda Murray Chairman
Timothy Simon Devereux Pile Independent Non-Executive Director
Graham Prothero Senior Independent Non-Executive Director
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