Marechale Capital (MAC)

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Share Price:
1.13p
Market Cap:
0.65m
Change Today:
0.18p
Sector:
Financials

Marechale warns on losses following multiple transaction delays

By Iain Gilbert

Date: Wednesday 01 May 2019

LONDON (ShareCast) - (Sharecast News) - London-based corporate finance house Marechale Capital warned on Wednesday that it now expects to report a full-year operating loss of somewhere in the vicinity off 220,000 to 250,000.
Marechale told investors that delays to a number of transactions the group was involved in had brought about the loss.

However, Marechale Capital noted that its full-year losses were an improvement on the unaudited operating loss of approximately 251,000 for the six months ended 31 October 2018.

Marechale also highlighted that its full-year operating loss estimates were only preliminary, for now, and that the AIM-listed outfit expects to announce its audited results for the year ended 30 April in August 2019.

As of 1305 BST, Marechale Capital shares had slid 7.69% to 0.90p.

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MAC Market Data

Currency UK Pounds
Price 1.13p
Change Today 0.18p
52 Week High 1.25p
52 Week Low 0.68p
Volume 7,057,219
Shares Issued 57.68m
Market Cap 0.65m

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