Edison Sparks - Morning News

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11-06-2018 07:42:48 • 2 minute(s) read
Author Sparks Team

Palace Capital (PCA); final results; acquisitions for £88m; largest equity raise of £70m

Stock up 2.23% to 366p at 8:01

PCA 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).

11-06-2018 07:48:07 • 2 minute(s) read
Author Sparks Team

Keywords Studios (KWS); acquires Hollywood-based production services company for $10m

Stock up 1.22% to 1,830.0p at 8:01

KWS 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.

11-06-2018 07:49:39 • 2 minute(s) read
Author Sparks Team

KEFI Minerals (KEFI); $30m project investment for TKGM

Stock up 45.71% to 04.08p at 8:29

KEFI 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).

11-06-2018 07:50:44 • 1 minute(s) read
Author Sparks Team

Nanoco Group (NANO); Keith Wiggins intends to step down as COO and from the Board

Stock flat at 42.5p at 8:05

Keith 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.

12-06-2018 07:32:08 • 2 minute(s) read
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 8:10

TRI 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).

12-06-2018 07:34:15 • 1 minute(s) read
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).

12-06-2018 07:38:21 • 1 minute(s) read
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 8:01

KWS 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.

12-06-2018 07:41:45 • 2 minute(s) read
Author Sparks Team

Fidelity China Special Situations (FCSS); final results: NAV total return of 22.2%

Stock flat at 263.5p at 8:14

For 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.

12-06-2018 08:03:27 • 2 minute(s) read
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.

13-06-2018 07:32:35 • 1 minute(s) read
Author Sparks Team

Ebiquity (EBQ); CMA to review disposal of advertising intelligence division to Nielsen

Stock down 3.01% to 64.5p at 8:02

EBQ 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.

13-06-2018 07:33:58 • 2 minute(s) read
Author Sparks Team

APQ Global (APQ); appoints John Toshack to its International Advisory Council

Stock up 1.60% to 95.0p at 8:03

APQ appointed John Toshack as a member of its International Advisory Council (IAC). John will be focussing on opportunities related to investments in Digital Assets and Distributed Ledger Technology.

13-06-2018 07:37:21 • 1 minute(s) read
Author Sparks Team

MedicX Fund (MXF); to sell 368,440 ordinary shares from treasury for scrip dividend scheme

Stock up 1.0% to 81p at 8:18

MXF has announced that 368,440 ordinary shares will be sold out of treasury on 29 June 2018 to shareholders as part of the scrip dividend alternative. The ordinary shares will have no par value since shareholders will receive cash for June 2018 dividend for quarter end 31 March 2018.

13-06-2018 07:42:06 • 3 minute(s) read
Author Sparks Team

Norcros (NXR); FY prelims; 9th year of growth; revenue up 10.7%, underlying op. profit up 15.1%

Stock up 4.24% to 207.96p at 8:14

NXR’s annual revenue as of year ended March 2018 grew 10.7% to £300.1m (+8.6% CC, +4.4% LFL CC); underlying operating profit grew 15.1% to £27.4, reflecting improved performance in South Africa and Triton businesses as well as the contribution from Merlyn (acquired in November 2017 for £59.1m).

13-06-2018 07:48:47 • 1 minute(s) read
Author Sparks Team

Amur Minerals Corporation (AMC); drill programme update: approx. 25% of planned target completed

Stock down 1.17% to 5.06p at 8:09

AMC has announced the 2018 drill results till 31 May 2018 for its wholly owned Kun-Manie nickel copper sulphide project. Forty-one drill holes were completed including significant portion of the drill programme to fulfil Russian licencing requirements.

14-06-2018 07:24:02 • 1 minute(s) read
Author Sparks Team

Abzena (ABZA); plans to monetise royalty-bearing ABZENA Inside products for short-term WC needs

Stock down 6.76% to 17.25p at 8:07

ABZA has signed a non-binding agreement to sell an interest in future royalties relating to ABZENA Inside products. The company intends to utilise the funds for short-term working capital (WC) needs.

14-06-2018 07:28:48 • 2 minute(s) read
Author Sparks Team

Globalworth Real Est (GWI); €450m equity capital raised by subsidiary Globalworth Poland Real


GWI announced the equity capital raise of €450m by its Warsaw subsidiary Globalworth Poland Real estate N.V. (GPRE) through private placement of ordinary shares at €1.57 per share.

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