Launched program to accelerate reorganisation of the North American business
SAF-Holland reported 2018 sales up 14.2% to €1,301m and adjusted EBIT of €89.6m slightly below the 2017 level of €91.2m. For 2019 management expects sales growth of 4-5% and an adjusted EBIT margin of 7 to 8%.
22-03-2019 08:44:02 • 2 minute(s) read Author Sparks Team
Board will seek to maintain the targeted annual dividend of 4.5p/Sh, resulting in a yield of 5.3% on the share price prevailing at period-end, in the absence of unforeseen circumstances
For the six months ended 31 December 2018, the JPMorgan Global Convertibles Income Fund reported total return on net assets stood at -5.7% vs. -3.4% from its benchmark, the Bloomberg Barclays Global Convertibles Credit Rate Sensitive Index. The total return to shareholders was -6.8%, as the discount of the share price to NAV widened over the six-month period from 3.6% to 6.0%.
22-03-2019 08:15:00 • 2 minute(s) read Author Sparks Team
The net proceeds of the further advance will be used for the development of the Kun-Manie project
Amur Minerals has extended the maturity date on the convertible loan facility of up to $10m to 20 March 2020, along with a further advance of $500,000 that will be immediately drawn down by the company. The company will also issue the investors with 10,902,956 warrants with an exercise price of 3.76p per share.
21-03-2019 13:00:00 • 1 minute(s) read Author Christian Breitsprecher
The company sees stable earnings despite falling orders in 2019
In 2018 Hermle’s revenues and EBIT increased by 12% to €452m and €111m respectively. The company proposes a stable payout of a €0.85 base dividend and a €14.20 dividend per preference share. New orders were up 9.6% last year.
Metals & mining
21-03-2019 09:23:31 • 2 minute(s) read Author Ryan Long
Ore will be extracted at Toliara using the lowest cost dry mining method, a dozer-trap mining unit
Base Resources has completes its pre-feasibility study (PFS) at the Toliara Heavy Mineral Sands Project, located in Madagascar. The PFS returned a robust post-tax NPV10 of US$671m with an IRR of 22.4%.
21-03-2019 08:48:03 • minute(s) read Author Paul Hickman
Higher profits and tight working capital management also helped to drive an £11.9m year-on-year increase in net cash
Against a backdrop of weak consumer confidence and a well-flagged low point in the console gaming cycle, GMD has delivered a solid H1 trading performance. GTV reduced by 1.4%, with growth in content and accessories offset by an ongoing managed decline in preowned games and a reduction in hardware and events revenue. However, both like-for-like GTV and the group gross margin remained broadly flat and this, combined with further material operating cost savings, helped to deliver EBITDA growth of 21.7% to £25.8m.
Shore Capital released its preliminary results for 2018 today. Revenue increased 3.4% to £43.3m, while basic EPS decreased 3.8% to 12.6p. Total dividends were 10.0p. Increased revenues have allowed further investment in the capital markets and asset management divisions.
21-03-2019 08:26:34 • 2 minute(s) read Author Sparks Team
The group now expects a more significant H2 weighting to revenue
In Chemring’s recent trading update the group reports that full-year expectations remain unchanged; however, the group now expects a more significant H2 weighting to revenue, a strong underlying operating profit and increases in cash.
20-03-2019 10:59:00 • 2 minute(s) read Author Christian Breitsprecher
In 2018 WashTec’s revenues increased by 2.4 % to €435.4m but EBIT declined slightly by 1.3% to €51.5m. The company proposes a stable dividend of €2.45 per share. For 2019 management expects a significant growth in revenue and EBIT.
Today Scherzer & Co. announced a net loss figure for FY18 amounting to €0.9m (EPS €-0.03). The company revealed that the Management Board and Supervisory Board will not recommend any dividend payment for the AGM to be held on 13 May 2019.
20-03-2019 09:50:00 • 2 minute(s) read Author Sparks Team
Today Paion released its FY18 results, posting revenues at €2.8m, down from €5.8m in FY17. R&D expenses decreased by €5.7m to €12.2m and G&A expenses were down by €0.4m at €3.4m. Paion reported a net loss of €9.9m vs. €12.1m in the previous year.
20-03-2019 08:38:22 • 3 minute(s) read Author Sparks Team
For the year ended 31 December 2018, IQE announced that consolidated revenue increased 1% to £156.3m without the recognition of any license income. PBT was £14.0m, whereas fully diluted EPS was 1.38p for this period. Adjusted operating profit declined year on year to £16m in 2018 from £26.5m.