Morgan Advanced Materials (MGAM): Thermal Products strategic review
This situation live
MGAM Morgan Advanced Materials
3 Mar 2026 · Review formally underway; no decisions made · +12% until the next step
No decisions have been made, and further updates will be provided in due course.
7 May 2026 · Review progressing; no outcome announced · +8% until the next step
We are making good progress against our strategic priorities, including the strategic review of Thermal Products
6 Aug 2026 · Review progressing; options being prepared, no outcome · +0% since
Strategic review of options for Thermal Products division progressing well; further update to be provided in due course
Thermal Products strategic review
Review progressing; options being prepared, no outcome
Next: further update in due course
Every step · 3
- 3 Mar 2026 Review formally underway; no decisions made – No decisions have been made, and further updates will be provided in due course. ↗
- 7 May 2026 Review progressing; no outcome announced – We are making good progress against our strategic priorities, including the strategic review of Thermal Products ↗
- 6 Aug 2026 Review progressing; options being prepared, no outcome – Strategic review of options for Thermal Products division progressing well; further update to be provided in due course ↗
What is happening
Morgan Advanced Materials: Thermal Products strategic review – Review progressing; options being prepared, no outcome. ['Review progressing; options being prepared, no outcome']
- In short
- Strategic review of the Thermal Products division, including a potential disposal, began in March 2026. At the H1 results the company says good progress has been made on growth prospects and it is preparing for a number of options. No outcome or timetable yet.
- Announced
- 3 Mar 2026 · Review formally underway; no decisions made
- Latest
- 6 Aug 2026 · Review progressing; options being prepared, no outcome
- Scope
- Full range of options under consideration, including a potential disposal
- Progress
- Good progress assessing the division's growth prospects; preparing for a number of options
- Division H1 revenue
- £176.1m, up 2.5% organic constant-currency
- Next milestone
- Further update 'in due course, as appropriate'; no date
What comes next
further update in due course.
From the company's own announcements. Not investment advice.
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