Consensus estimates look for £4.5m revenues in FY19
Last week Trackwise Designs announced a collaboration agreement with GKN Aerospace for the industrialisation of an ice production system. The company listed on AIM to take advantage of the IHT opportunity, investing c£1.7m so far in expanding production capacity and improving the accuracy of the imaging process used to define printed circuitry. Management expects that the current facility will provide sufficient capacity until at least the end of 2020. Net cash at end FY18 totalled £2.3m.
16-08-2019 07:14:39 • 2 minute(s) read Author Sparks Team
The admission of the new shares to the LSE is expected to take place at 8:00am on 20 August 2019
Keywords Studios announced the issuance of 254,529 new ordinary shares to the vendors of Studio Gobo Ltd and Electric Square Ltd. This pertains to the non-contingent deferred share consideration due on the first anniversary of Gobo being acquired.
14-08-2019 09:58:00 • 1 minute(s) read Author Christian Breitsprecher
MAX Automation, a group of high-tech automation solution companies, reported H119 results today. Sales from continued operations were up 11.1% year-on-year to €148.2m in H119 and EBITDA from continued operations rose 25% to 14.5m.
14-08-2019 09:20:00 • 1 minute(s) read Author Christian Breitsprecher
Company hopes for significant improvement in EBIT in second half
Wiring systems supplier Leoni reported a Q219 adj. EBIT loss of €26m compared to a €62m profit in Q218. Including the costs for the VALUE21 restructuring program, the stated EBIT loss amounted to €30m.
14-08-2019 08:32:00 • 1 minute(s) read Author Christian Breitsprecher
BAUER Group, a leading provider of construction services, equipment and other products related to ground and groundwater work, reported its H119 results today. Total group revenues were €831.6m, up 5% year-on-year, and EBIT reached €35.3m, up 3.5% vs H118.
Financials & real estate
14-08-2019 07:34:41 • minute(s) read Author Sparks Team
The company also reported improved terms on its debt refinancing
Duke Royalty Limited provided an operational update prior to its full-year results for FY2019. The board expects a significant boost in the results over the prior year with revenue and cashflow from operations in line with market expectations.
14-08-2019 07:33:19 • 1 minute(s) read Author Sparks Team
The search for defensive yield played to the portfolio's favour
Aberdeen Asian Income Fund announced its half yearly report for the six months ended 30 June 2019. Share price at the end of the period was 217.0p, representing a discount of -8.6% to the NAV per share. The company announced two dividends totalling 4.5p per share, representing an annualised dividend yield of 4.2%. Net gearing stood at 6.9%.
14-08-2019 07:32:46 • minute(s) read Author Sparks Team
Ocean Wilsons Holdings announced its interim management statement for the six months ending 30 June 2019. Group revenue decreased 15% to US$199.2m, whereas profit increased US$17.3m to US$34.0m, mainly due to an increase in returns from the investment portfolio and positive foreign exchange movements. Net cash inflow from operating activities was US$47.6m, while US$24.8m in dividends were paid to shareholders. The investment portfolio increased to US$278.4m after dividends paid from the portfolio of US$2.0m.
14-08-2019 07:29:03 • 1 minute(s) read Author Sparks Team
Programme of research will be undertaken by ReNeuron and the European Cancer Stem Cell Research Institute at Cardiff University
ReNeuron Group is partnering with the University of Cardiff under a new grant-funded collaboration that will utilise its exosome-based drug delivery technology. This has been awarded under Innovate UK’s Knowledge Transfer Partnership and will fund a £250,000 collaborative research programme.
Metals & mining Insight
14-08-2019 07:11:37 • minute(s) read Author Sparks Team
Shares issued as part of the conversion of working capital loan
KEFI Minerals announced the issuance and allotment of 17.5m new ordinary shares of 0.1p each to its loan provider at 0.96p per share. The shares were issued to convert £168,000 of loan notes to ordinary shares. The loan provider holds less than 3% of the company’s outstanding share capital.
14-08-2019 07:11:35 • 2 minute(s) read Author Sparks Team
Lookers announced its results for the six months ended 30 June 2019. Total revenue increased 2.7% to £2,646.4m. Underlying basic EPS decreased 29.5% to 6.06p, while interim dividend remained at 1.48p. The company witnessed a strong balance sheet with net debt of £73.9m.
14-08-2019 07:07:39 • minute(s) read Author Sparks Team
Osirium announced the first contract win for its robotic process automation solution Opus, which was launched in May 2019. The customer is a leading asset manager who renewed the company’s full PxM platform for a three-year term, as announced in May.
14-08-2019 07:06:00 • minute(s) read Author Sparks Team
Contract win included in the existing market guidance
SCISYS announced that it has bagged a contract with a major European Broadcaster for newsroom software, services and training. It will provide an integrated newsroom solution for planning and rundown management.
13-08-2019 09:37:00 • 1 minute(s) read Author Christian Breitsprecher
Management sees company on track to meet full-year EBIT targets
Leifheit, a supplier of branded household goods, published its H119 results today. While H1 revenues remained unchanged year-on-year at €121.5m, EBIT declined by 26.5% to €5m, due to negative product sales mix and customer mix effects.
13-08-2019 08:50:00 • 1 minute(s) read Author Christian Breitsprecher
Company reiterates outlook for 2019 despite tough environment in the automotive sector
Grammar, a producer of commercial vehicle seats and automotive interior components, reported its H19 results today. Revenues were up 13.4% year-on-year to €1.05bn, helped by acquisition effects. H1 EBIT rose by 19.8% year-on-year to €50.2m, lifting the margin from 4.5% in H118 to 4.8%.
13-08-2019 07:29:07 • 2 minute(s) read Author Sparks Team
The company announces a second interim quarterly dividend of 1.175p per ordinary share
Witan Investment Trust announced half-year results for the period ended 30 June 2019. The NAV total return was 13.5%, 1.4% below the benchmark return of 14.9%. The share price total return was 11.7%, as the discount widened from 1.3% at the end of 2018 to 2.9% at the end of June.