Edison Sparks - Morning News

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20-07-2018 07:31:53 • 1 minute(s) read
Author Sparks Team

Carclo (CAR); Michael Derbyshire retires as Chairman of the board


Michael Derbyshire has retired from the Board on 19 July 2018. Mark Rollins has replaced him as the Chairman.

20-07-2018 07:33:04 • 2 minute(s) read
Author Sparks Team

Keywords Studios (KWS); completes acquisition of Snowed In Studios

Stock down 0.34% to 1782.0p at 8:05

KWS has acquired Snowed In Studios from its owners Jean-Sylvain Sormany, Tim Vito and Evan Hahn for a total consideration of up to CAD$4m.

23-07-2018 07:09:31 • 1 minute(s) read
Author Sparks Team

Hutchison China Medi (HCM); Initiates ahase Ib/II PoC trial of Sulfatinib

Stock down 0.95% to 4,952.42p at 8:01

HCM has initiated a Phase Ib/II proof-of-concept study of sulfatinib in pancreatic neuroendocrine tumors (“NET”) patients and in biliary tract cancer (“BTC”) patients in the U.S.

23-07-2018 07:25:44 • 2 minute(s) read
Author Sparks Team

TOWN Centre Securities (TOWN); refinances Merrion House


TOWN has finalised the agreement with Leeds City Council (LCC) for re-financing of the Merrion House in Leeds, jointly and equally owned by TOWN and LCC in Merrion Limited Liability Partnership (MH LLP).

23-07-2018 07:33:41 • 2 minute(s) read
Author Sparks Team

Mission Marketing Group (TMMG); 1H 2018 trading update: an excellent start to the year

Stock flat at 47.50p at 8:04

During the six months ending 30 June 2018, TMMG made total acquisition consideration payments of £4.5m. This resulted in its net bank debt reaching £8.4m as of 30 June 2018 (31 December 2017: £7.2m). The company’s balance sheet remained strong.

23-07-2018 07:36:56 • 2 minute(s) read
Author Sparks Team

Keywords Studios (KWS); acquires Yokozuna Data (YD) for $1.5m

Stock down 1.33% to 1784.00p at 08:04

KWS has acquired YD from Silicon Studio Corporation (Silicon) for a total cash consideration of $1.5m for the business and all associated technology rights and trademarks.

23-07-2018 07:41:04 • 1 minute(s) read
Author Sparks Team

Tungsten Corporation (TUNG); FY results: EBITDA loss decreases to £4.6m

Stock up 1.07% to 54.58p at 8:06

TUNG announced its FY18 results (April 2018). Revenue increased 8% to £33.7m (up 9% at constant exchange rates). EBITDA loss decreased to £4.6m (FY17: £11.8m loss). Net loss reduced to £11.9m (FY17: £12.5m).

23-07-2018 07:44:36 • 2 minute(s) read
Author Sparks Team

MedicX Fund (MXF); QE 30 June 2018: portfolio value up 10.9% to £797.9m; EPRAV NAV ps up 1.5%

Stock down 0.25% to 81.40p at 8:00

MXF reported its trading update and quarterly NAV for the quarter ending 30 June 2018. Portfolio value increased 10.9% to £797.9m (31 March 2018: £719.7m) and EPRA NAV per share rose 1.5% to 80.8p (31 March 2018: 79.6p).

23-07-2018 08:24:46 • 2 minute(s) read
Author Paul Hickman

McColls’ interims reveal a first-half like-for-like sales decline of 2.7%


Today McColl’s, a leader in the sector, reports first-half like-for-like sales decline of 2.7% and a 40bps gross margin hit leading to adjusted pre-tax profit – stripping out property disposals – down 40% at £3.4m.

24-07-2018 07:36:07 • 1 minute(s) read
Author Sparks Team

Custodian REIT (CREI); NAV highlights for June-ending quarter


CREI provided an update for the April-June 2018 period. NAV grew from £415.2m (31 March) to £416.9m (30 June). The portfolio value grew from £528.9m to £537.4m over the same period. EPRA occupancy increased to 96.7% (from 96.5%).

24-07-2018 07:45:49 • 2 minute(s) read
Author Sparks Team

Ebiquity (EBQ); 1H 2018 trading update: revenue growth in Media and Analytics & Tech segments

Stock down 22.12% to 44.00p at 8:01

Revenues from EBQ’s Media and Analytics & Tech segments for the first six months ended 30 June 2018 grew 7% over the prior year on a like-for-like (LFL) basis. LFL revenues for the Intel segment were down 9% versus 2017.

24-07-2018 07:47:26 • 2 minute(s) read
Author Sparks Team

Kape Technologies (KAPE); acquires Intego for $16m

Stock up 3.59% to 115.50p at 8:10

KAPE acquired the entire issued share capital of Neutral Holdings Ltd trading as Intego from Bessemer Venture Partners for a total cash consideration of $16.0m. The acquisition is expected to be earnings accretive in the current financial year.

24-07-2018 07:50:29 • 2 minute(s) read
Author Sparks Team

IQE (IQE); 1H18 trading update: expands VCSEL engagements and replenishes wireless inventory

Stock up 10.45% to 112p at 08:12

IQE expects £73m in revenue for H1 2018 (H1 2017: £70m), which was achieved against a currency headwind of 9.5%.

25-07-2018 07:03:09 • 2 minute(s) read
Author Sparks Team

WANdisco (WAND); announces filing of new blockchain patent

Stock up 3.56% to 930.00p at 8:07

WAND announced a new patent filing to protect the use of the company’s Distributed Coordination Engine (DConE) – a patented Paxos-based consensus technology to resolve issues associated with public blockchain technology.

25-07-2018 07:25:25 • 2 minute(s) read
Author Sparks Team

Tyman (TYMN); interim results: revenue and underlying operating profit up by 3%


TYMN posted revenue and profit growth in constant currency, reported and like for like basis in the six months ended 30 June 2018.

25-07-2018 07:31:31 • 3 minute(s) read
Author Sparks Team

European Assets Trust (EAT); total NAV return of -0.4% in H1 2018

Stock flat at 118.75p at 8:11

EAT reported a total NAV return of -0.4% and -0.9% in EUR and GBP terms, respectively, for the six months ending 30 June 2018. These returns lagged the EMIX Smaller European Companies (ex UK) Index’s total returns of 1.0% and 0.7% in EUR and GBP terms, respectively.

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