TMT
16-08-2019 07:33:00 • minute(s) readAuthor Anne Margaret Crow
Trackwise Designs (TWD); announces collaboration agreement
Consensus estimates look for £4.5m revenues in FY19Last 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.
TMT
16-08-2019 07:14:39 • 2 minute(s) readAuthor Sparks Team
Keywords Studios (KWS); announces the issuance of 254,529 new ordinary shares
The admission of the new shares to the LSE is expected to take place at 8:00am on 20 August 2019Keywords 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.
Industrials
14-08-2019 09:58:00 • 1 minute(s) readAuthor Christian Breitsprecher
MAX Automation (MXHN); reports strong improvement in core business EBITDA in H119
Losses from discontinued operations remain highMAX 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.
Industrials
14-08-2019 09:20:00 • 1 minute(s) readAuthor Christian Breitsprecher
Leoni (LEO); Q2 results show some stabilisation after turbulent quarters
Company hopes for significant improvement in EBIT in second halfWiring 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.
Industrials
14-08-2019 08:32:00 • 1 minute(s) readAuthor Christian Breitsprecher
Bauer (B5A); H119 results show revenue and earnings growth
EBIT reverses drop seen in Q119BAUER 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) readAuthor Sparks Team
Duke Royalty Limited (DUKE); announces operational update
The company also reported improved terms on its debt refinancingDuke 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.
Investment companies
14-08-2019 07:33:19 • 1 minute(s) readAuthor Sparks Team
Aberdeen Asian Income Fund (AAIF); NAV increases 13.3% in sterling terms for H1 2019
The search for defensive yield played to the portfolio's favourAberdeen 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%.
Investment companies
14-08-2019 07:32:46 • minute(s) readAuthor Sparks Team
Ocean Wilsons Holdings (OCN); operating profit down 25%
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.
Healthcare
14-08-2019 07:29:03 • 1 minute(s) readAuthor Sparks Team
ReNeuron Group (RENE); announces exosome collaboration with the University of Cardiff
Programme of research will be undertaken by ReNeuron and the European Cancer Stem Cell Research Institute at Cardiff UniversityReNeuron 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) readAuthor Sparks Team
KEFI Minerals (KEFI); issued 17.5m new ordinary shares to loan providers
Shares issued as part of the conversion of working capital loanKEFI 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.
Industrials
14-08-2019 07:11:35 • 2 minute(s) readAuthor Sparks Team
Lookers (LOOK); underlying PBT decreases 27.5%
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.
TMT
14-08-2019 07:07:39 • minute(s) readAuthor Sparks Team
Osirium Technologies (OSI); announces first contract win for Opus
The customer is a leading asset managerOsirium 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.
TMT
14-08-2019 07:06:00 • minute(s) readAuthor Sparks Team
SCISYS (SSY); wins contract with major European broadcaster
Contract win included in the existing market guidanceSCISYS 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.
Industrials
13-08-2019 09:37:00 • 1 minute(s) readAuthor Christian Breitsprecher
Leifheit (LEI); H119 EBIT falls on the back of flat revenues
Management sees company on track to meet full-year EBIT targetsLeifheit, 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.
Industrials
13-08-2019 08:50:00 • 1 minute(s) readAuthor Christian Breitsprecher
Grammer (GMM); H119 revenue growth driven by acquisition effects
Company reiterates outlook for 2019 despite tough environment in the automotive sectorGrammar, 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%.
Author Sparks Team
Witan Investment Trust (WTAN); posts NAV total return of 13.5%
The company announces a second interim quarterly dividend of 1.175p per ordinary shareWitan 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.
Did you know ...
2003
year established
110+
people
80+
analysts
121K+
times Scale reports have been read