Author Sparks Team
appScatter Group (APPS); final results: Reports revenue of £1.9m
For the year ended 31 December 2017, APPS reported revenue of £1.9m and loss after tax of £5.8m (2016: £8.8m). The year-end cash balance was £3.8m (2016: £226).
Author Sparks Team
OnTheMarket (OTMP); declares final results: group revenue declines; loss widens
For the year ending 31 January 2018, OTMP’s group revenue declined to £16.0m (2017: £17.8m). Loss after tax attributable to shareholders rose to £12.1m (2017: £4.0m).
Author Sparks Team
Seneca Global Income & Growth Trust (SIGT); FY 2018 results – reports NAV total return of 5.7%
Stock flat at 173.75p at 8:10For the year ended 30 April 2018, SIGT’s NAV total return of 5.7% trailed the benchmark return of 7.7%. However, performed better over the three-year period, providing a return of 27.6% compared to 15.5% for the benchmark. The company also increased its rolling debt facility by £3m and increased its maturity to 3 years.
Author Sparks Team
Treatt (TET); application for block listing of 2m ordinary shares
TET has made a block listing application with the UK Listing Authority for 2 million ordinary shares of nominal value £0.02 each and with London Stock Exchange (LSE) for trading of these shares.
Author Paul Hickman
Fuller’s full year results providing an antidote to bad news from the high street
The results confirm that people are still eating out and drinking out – in fact drinking out is becoming the predominant trend as seen elsewhere in the industry.
Author Sparks Team
Solid State (SOLI); wins £4.3m contracts to supply power units for robotic systems
Stock up 3.42% to 302p at 8:13SOLI has announced that it has received orders to supply power units for autonomous robots operating in cold environments.
Author Sparks Team
Palace Capital (PCA); final results; acquisitions for £88m; largest equity raise of £70m
Stock up 2.23% to 366p at 8:01PCA has reported results for year ended 31 March 2018. Adjusted profit before tax (PBT) grew 27% to £8.5m (31 March 2017: £6.7m) and net rental income rose 22% to £14.9m (31 March 2017: £12.2m). Total dividend increased 3% to 19.0p (31 March 2017: 18.5p).
Author Sparks Team
Keywords Studios (KWS); acquires Hollywood-based production services company for $10m
Stock up 1.22% to 1,830.0p at 8:01KWS acquired Hollywood-based production services company Blindlight for a total consideration of up to $10m. KWS will pay the initial consideration of $3.64m in cash. It will then issue 64,521 new ordinary shares to the seller on the first anniversary of the acquisition.
Author Sparks Team
KEFI Minerals (KEFI); $30m project investment for TKGM
Stock up 45.71% to 04.08p at 8:29KEFI has reported it has entered a $30m proposed acquisition agreement with an Ethiopian investment syndicate for 30% of ownership interest in wholly owned subsidiary KEFI Minerals Ethiopia (KME) that holds the company’s interest in Tulu Kapi Gold Mines Shares Company (TKGM).
Author Sparks Team
Nanoco Group (NANO); Keith Wiggins intends to step down as COO and from the Board
Stock flat at 42.5p at 8:05Keith Wiggins intends to step down as Chief Operating Officer and from the Board to pursue other business interests. He will leave the Board with immediate effect but will stay with the business for an orderly handover.
Author Sparks Team
Trifast (TRI); preliminary results: revenue up 6% at AER; dividend of 3.85p per share
Stock down 2.33% to 265.66p at 8:10TRI has reported its preliminary results for the year ending 31 March 2018. Total revenue grew 6% at actual exchange rate (AER) to £197.6m (FY17: £186.5m). The final dividend per share for the year rose 10% to 3.85p (FY17: 3.50p) and diluted earnings per share grew 17.3% at AER to 12.20p (FY17: 10.40p).
Author Sparks Team
Park Group (PKG); FY preliminary; billings grow 2%, operating profit rises 6.5%
PKG’s annual billings (Mar-18) grew 2% y/y to £413m, while revenue declined 4.7% to £296m. Operating profit and net income grew 6.5% and 5.2% to £11.6m and £10.4m, respectively. Full year dividend per share was at 3.05p (2017 – 2.90p).
Author Sparks Team
Keywords Studios (KWS); issued 513,189 new ordinary shares to vendors of Mindwalk
Stock down 0.11% to 1,846.0p at 8:01KWS issued 513,189 new ordinary shares as part of non-contingent deferred share consideration to vendors of Mindwalk that was due on second anniversary of its acquisition. Further payment of $0.5m is deferred until third anniversary post acquisition which falls due on 31 May 2019.
Author Sparks Team
Fidelity China Special Situations (FCSS); final results: NAV total return of 22.2%
Stock flat at 263.5p at 8:14For the year ended 31 March 2018, FCSS’ NAV total return of 22.2% underperformed the MSCI China Index return of 23.8%. Dividend per share increased 40% to 3.5p.
Author Paul Hickman
Ted Baker’s trading statement shows a strong wholesale operation and constant currency revenue
Drilling dow performance was rescued by the wholesale operation with constant currency sales growth of 18.9%. Within retail itself, constant currency revenue only grew by 3.6%, which was less than the 5.7% increase in average square footage. And the wholesale figure also contains a significant timing benefit from earlier deliveries – management expects the total for the year to be in high single digits rather than high teens.
Author Sparks Team
Ebiquity (EBQ); CMA to review disposal of advertising intelligence division to Nielsen
Stock down 3.01% to 64.5p at 8:02EBQ acknowledged the Competition and Markets Authority’s (CMA) announcement today, regarding the proposed sale of advertising intelligence division to Nielsen, which was announced on 13 February 2018.
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