Edison Sparks - Morning News

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24-01-2018 08:54:47 • 4 minute(s) read

eServGlobal Limited (ESG): Core Business Trading Update for the 14 months to December 2017

Stock down 11.8% as at 08:00

Core revenue falls short of guidance but rolls into next period. Cost-cutting measures have hit targets and the company expects to hit target annualized total cost levels of €12-12.5m in 2018.

24-01-2018 08:53:39 • 3 minute(s) read

PPHE Hotel Grp Ltd (PPH): Acquisition of Joint Venture Interest in Hoxton, London


PPH has acquired the remaining interest in its Hoxton art’otel site for £35m, allowing it to control the timetable for construction.

24-01-2018 08:52:35 • 4 minute(s) read

Picton Prop Inc Ltd (PCTN): Net Asset Value as at 31 December 2017 and Corporate Update


Total return for the quarter of 4.1%; 3.1% from NAV growth and 1% from dividend. Dividend well covered at 126% and occupancy maintained at 95%.

23-01-2018 08:59:44 • 2 minute(s) read

Custodian REIT plc (CREI): Highlights for Q4 2017

Stock down 0.3% as at 08:06

NAV total return per share for the period was 2.6%. £20.1m of new equity was raised at a 10.6% premium to end Q4 NAV. Asset management initiatives add £2.6m to NAV over the quarter.

23-01-2018 08:58:44 • 3 minute(s) read

SCISYS PLC (SSY): Pre-close trading update for the year ended 31 December 2017.

Stock up 5.7% as at 08:06

Trading results will comfortably meet current market guidance with healthy cash flow and strong organic growth continuing into 2018.

23-01-2018 08:57:48 • 2 minute(s) read

APQ Global Limited (APQ): Placing of £10.21 million of an unsecured 3.5% 2024 convertible loan.

Stock up 1% as at 08:05.

Major shareholder Old Mutual participates in placing of £10.21m of convertible loan stock.

23-01-2018 08:57:42 • 2 minute(s) read

GAME Digital PLC (GMD): Resignation of Mark Gifford, Chief Financial Officer

Stock down 11% as at 08:05

GMD CFO steps down with immediate effect; search for suitable successor underway.

23-01-2018 08:56:56 • 3 minute(s) read

Metals Exploration (MTL): Quarterly Update to 31 December 2017

Stock down 5.36% as at 08:05

Runruno gold-molybdenum project in the Philippines performing well, with gold ounces poured up 24% q-o-q. Senior lenders waive a capital payment due as company struggles with free cash flow, signalling their support of the borrower. Approximately 1 quarter’s worth of gold production is hedged slightly below current market prices.

22-01-2018 09:04:47 • 1 minute(s) read

Picton Prop Inc Ltd (PCTN): Picton signs two new occupiers at Tower Wharf in Bristol


Combined annual rent of £0.54 million is 4% ahead of the September estimated rental value (ERV). The building is now over 90% occupied with only one suite remaining on the first floor.

22-01-2018 09:03:08 • 3 minute(s) read

Palace Capital PLC (PCA): Palace Capital’s sales programme continues.


PCA sells two properties for £3.885m at a 10% premium to book value.

22-01-2018 09:02:36 • 3 minute(s) read

Learning Tech Gp PLC (LTG): Pre-Close Update

Stock up 9.6% at 08:11

Group revenues up 83% y-o-y, driven by strong growth in the Group’s software businesses, and Group eliminates net debt position.

22-01-2018 09:02:26 • 2 minute(s) read

Gaming Realms PLC (GMR): signs 2 year licensing agreement with Golden Nugget Casino

Stock up 2.9% at 08:11.

Agreement allows Gaming Realms to launch seven popular titles on the Golden Nugget Website, the largest online gaming operator in New Jersey.

22-01-2018 09:01:50 • 4 minute(s) read

Bushveld Minerals Ltd (BMN): Q4 Operational Update

Stock up 4.4% @ 8.10am

Vametco sees EBITDA up 553% y-o-y. The fourth quarter of 2017 was extremely productive for Bushveld Energy, and Lemur Resources has made significant progress on the Imatolo project.

19-01-2018 06:01:16 • 4 minute(s) read

Blancco Tech Grp PLC (BLTG): Trading Update and Notice of Results


Revenue in the first half of the current financial year was marginally behind that of the same period last year due to one-off revenues accrued in 2016. Blancco now expect full year revenues to be towards the lower end of their guidance range while adjusted operating profit and cashflow remain in line.

19-01-2018 05:56:59 • 3 minute(s) read

RECORD PLC (REC): Third Quarter Trading Update


AUME increases 4.4% in USD, with passive hedging remaining the largest and fastest growing segment of operations.

18-01-2018 06:18:09 • 4 minute(s) read

Avacta Group PLC (AVCT): AGM Business Update and Notice of Results


Strong progress with in-house programmes for Affimer Therapeutics and solid progress with partners. Half year revenue, operating losses and cash balances are in line with market forecasts.

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