DGAP-News: MBH COMPLETES ITS 26TH ACQUISITION BY ACQUIRING INTERCITY TAXIS TO FURTHER GROW ITS TRANSPORT VERTICAL
DGAP-News: MBH Corporation Plc
/ Key word(s): Investment
MBH COMPLETES ITS 26TH ACQUISITION BY ACQUIRING INTERCITY TAXIS TO FURTHER GROW ITS TRANSPORT VERTICAL
05.05.2021 / 11:32
The issuer is solely responsible for the content of this announcement.
MBH COMPLETES ITS 26TH ACQUISITION BY ACQUIRING INTERCITY TAXIS TO FURTHER GROW ITS TRANSPORT VERTICAL
London, 5th May 2021, MBH Corporation plc (MBH), a diversified investment holding company, completes its fourth acquisition of the year with Stoke-On-Trent based Intercity Taxis joining the Group to take the portfolio to 26 companies in a continuation of a highly active acquisition drive.
MBH Corporation plc today announces its latest acquisition of Intercity Taxis which becomes the fourth company in its transport vertical. Intercity Taxis is a tactical acquisition for the Group and will reside under Take Me (formerly ADT Taxis) within the Group's transport vertical.
Intercity Taxis' has a 40 year history and averages over 150 drivers to a fleet of 120 taxis. The company's largest account is Staffordshire County Council and numerous other local authorities use the company to provide school run services.
Despite its long history, Intercity Taxis has kept pace with the latest innovations and recently embraced the iCabbi system to provide customers the flexibility to book a taxi in a number of different ways quickly through an app, web booker, IVR (interactive voice response) and call handlers.
Intercity Taxis' generated GBP 2.1m in revenue for the year 31 May 2020 with a normalised EBIT of GBP0.5m.
The total consideration for the acquisition of Intercity is approximately GBP 3-4m (pending audit) which will be settled mostly by way of MBH listed bond with the following terms:
- 5-year maturity with principal payable at maturity; and
- 5% coupon rate per annum payable semi-annually
Bond Programme and Number of Shares on Issue
After this acquisition, MBH would have utilised approximately EUR37m of its bond programme leaving a balance of EUR13m to be utilised if required.
The number of shares issued as at the date of this release is 72m.
David Hunter, CEO, Take Me Group, commented: 'We are beyond delighted to have Intercity Taxis join our Group. They are a historically brilliantly run firm, operating within a stable and established market. This presents a huge opportunity for continued growth for the transportation vertical within the MBH portfolio which we're proud to be a part of.'
Callum Laing, CEO, MBH Corporation plc, said: 'Intercity Taxis is one of the very best in their field, being innovative, forward facing and proactive and we are excited to have them as part of our growing portfolio as we add more to our transportation vertical.'
About Intercity
Intercity Private Hire is a well established private hire taxi company. With its incorporation dating back to 1969, it has over 40 years of history and a wealth of experience that comes with it. Intercity has a large fleet of company owned vehicles which are all maintained to a high standard in their own workshops.
www.intercity.taxi
About MBH
MBH Corporation plc is a diversified investment holding company, listed on the Frankfurt and Dusseldorf Stock Exchanges. The company acquires small to medium enterprises across multiple geographies and sectors that are well established, profitable and looking to scale. By leveraging the Agglomeration strategy, MBH Corporation plc is able to create substantial shareholder value through the consistent and accretive acquisition of excellent companies.
www.mbhcorporation.com
Contacts for IR and media enquiries:
MBH Corporation plc, Charlotte Williams, [email protected], +44 (0)770 396 3953
Perception A, Phil Anderson & Charlie Nelson, [email protected], +44 (0)776 749 1519
05.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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Language: |
English |
Company: |
MBH Corporation Plc |
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Studio 7-9, Royal Patriotic Victoria Building, Joh |
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SW18 3SX London |
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United Kingdom |
E-mail: |
[email protected] |
Internet: |
https://www.mbhcorporation.com/ |
ISIN: |
GB00BF1GH114 |
WKN: |
A2JDGJ |
Listed: |
Regulated Unofficial Market in Dusseldorf, Frankfurt |
EQS News ID: |
1192825 |
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End of News |
DGAP News Service |
1192825 05.05.2021
Die wichtigsten Finanzdaten auf einen Blick
|
|
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
Umsatzerlöse1 |
0,00 |
0,00 |
13,88 |
59,47 |
66,76 |
129,55 |
0,00 |
EBITDA1,2 |
0,00 |
0,00 |
1,75 |
6,13 |
4,01 |
7,28 |
0,00 |
EBITDA-Marge3 |
0,00 |
0,00 |
12,61 |
10,31 |
6,01 |
5,62 |
0,00 |
EBIT1,4 |
0,00 |
0,00 |
1,71 |
4,74 |
1,98 |
3,88 |
0,00 |
EBIT-Marge5 |
0,00 |
0,00 |
12,32 |
7,97 |
2,97 |
3,00 |
0,00 |
Jahresüberschuss1 |
0,00 |
0,00 |
1,38 |
4,24 |
1,51 |
0,08 |
0,00 |
Netto-Marge6 |
0,00 |
0,00 |
9,94 |
7,13 |
2,26 |
0,06 |
0,00 |
Cashflow1,7 |
0,00 |
0,00 |
0,86 |
5,86 |
-2,57 |
6,15 |
0,00 |
Ergebnis je Aktie8 |
0,00 |
0,00 |
0,04 |
0,12 |
0,03 |
0,07 |
-0,01 |
Dividende8 |
0,00 |
0,00 |
0,00 |
0,01 |
0,01 |
0,01 |
0,00 |
Quelle: boersengefluester.de und Firmenangaben
Geschäftsbericht 2021 - Kostenfrei herunterladen. 
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de
Wirtschaftsprüfer: Barnes Roffe
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INVESTOR-INFORMATIONEN |
©boersengefluester.de |
MBH |
WKN |
Kurs in € |
Einschätzung |
Börsenwert in Mio. € |
A2JDGJ |
0,052 |
|
6,18 |
KGV 2024e |
KGV 10Y-Ø |
BGFL-Ratio |
Shiller-KGV |
0,00 |
11,73 |
0,00 |
1,73 |
KBV |
KCV |
KUV |
EV/EBITDA |
0,08 |
1,00 |
0,05 |
2,06 |
Dividende '22 in € |
Dividende '23e in € |
Div.-Rendite '22e in % |
Hauptversammlung |
0,00 |
0,00 |
1,92 |
31.05.2023 |
Q1-Zahlen |
Q2-Zahlen |
Q3-Zahlen |
Bilanz-PK |
|
30.09.2022 |
- |
28.04.2023 |
Abstand 60Tage-Linie |
Abstand 200Tage-Linie |
Performance YtD |
Performance 52 Wochen |
-14,75% |
-38,82% |
-42,86% |
-67,90% |
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