Edison Sparks - Morning News

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26-06-2018 07:22:00 • 1 minute(s) read
Author Sparks Team

Globalworth Real Estate Investments (GWI); Lease agreement and $10m equity investment in Mindspace


GWI has signed agreements with Mindspace, a operator of coworking spaces, to lease three of its buildings spanning 12,000 sq.m. in Romania. GWI will also make an equity investment $10m in Mindspace.

26-06-2018 07:25:45 • 1 minute(s) read
Author Sparks Team

Regional REIT (RGL); acquisition of £35.2m regional assets from Kildare Partners

Stock down 0.53% to 94.50p at 8:00

RGL has announced the completion of the 6 regional assets acquisition from Kildare Partners for £35.2m in an off-market transaction.

26-06-2018 07:27:44 • 1 minute(s) read
Author Sparks Team

Picton Prop (PCTN); Disposal of two office properties


Picton Prop completed the sale of two office assets; (1) 800 Pavilion Drive, Northampton for £7.95m (13% uplift to Mar-18 valuation, net initial yield of 7.5%) and (2) Merchants House, Chester receiving £3.85m and £0.15m due before 2023.

26-06-2018 07:49:47 • 3 minute(s) read
Author Sparks Team

appScatter Group (APPS); agrees for revised terms for the Priori Data acquisition

Stock flat at 62.0p at 8:10

Under the revised terms of the agreement, APPS will acquire 100% of Priori’s share capital for a total consideration of £13.5m, of which £1.8m is now payable in cash. The issue of 16,667,157 new ordinary shares should satisfy the remainder amount. APPS confirmed the receipt of UK tax clearances, which partly delayed the acquisition.

27-06-2018 07:21:22 • 1 minute(s) read
Author Sparks Team

Walker Greenbnk (WGB); AGM statement: trading activity down across board; reiterates FY expectations

Stock up 1.33% to 114.00p at 8:03

In the UK brand sales were down 6% in the first four and a half months. Overseas sales were down 1.9% and 3.8% in constant reportable currencies respectively.

27-06-2018 07:23:16 • 1 minute(s) read
Author Sparks Team

Picton Prop (PCTN); announces early repayment of £33.7m debt

Stock down 0.86% to 92.40p at 8:05

PCTN entered into an agreement with one of its principal lenders to reduce the amount of outstanding debt by £33.7m, effective 20 July 2018. The current interest rate on the debt being repaid is 4.08% with a maturity in July 2022.

27-06-2018 07:26:23 • 2 minute(s) read
Author Sparks Team

Ultra Electronics (ULE); pre-close trading statement: better-than-anticipated order intake

Stock down 7.53% to 1,499p at 8:07

ULE issued a pre-close trading statement (ahead of its Interim 2018 results expected on 6 August 2018). It anticipates delivering half-year revenue and operating performance that are broadly in line with management expectations. This is attributed to its better-than-anticipated order intake during the period (May-end order book was £972m).

27-06-2018 07:49:03 • 2 minute(s) read
Author Sparks Team

UK Commercial Property Trust (UKCM); signs 159,000 sq ft long lease

Stock flat at 88.0p at 8:04

UKCM has signed a new 15-year lease with no breaks with a global business on a 159,000 sq ft unit at the Ventura Park industrial estate.

28-06-2018 07:29:15 • 2 minute(s) read
Author Sparks Team

Amur Minerals (AMC); mining potential update

Stock up 12.82% to 4.40p at 8:05

The total mineable potential at Kun-Manie now totals 109.4 million ore tonnes containing 721,300 tonnes of nickel and 197,400 tonnes of copper, using Measured and Indicated resources (MI Option).

28-06-2018 07:32:31 • 2 minute(s) read
Author Sparks Team

Circle Property (CRC); FY results: significant growth in income and valuation


CRC announced its FY18 (March) results. Its asset management initiatives have helped its portfolio value increase 22.63% (17 UK investment properties at £114.075m). NAV/share grew 25% to £2.30, while its annual contracted rental income rose 21.49% to £6.829m. The board proposed a final dividend per share of 3p (FY total: 5.6p, +12% YoY).

28-06-2018 07:33:44 • 1 minute(s) read
Author Sparks Team

PPHE Hotel Group (PPH); enters £45m facility agreement for refinancing four UK hotels

Stock up 0.63% to 1,429p at 8:07

PPH (the group) entered into an agreement with Banque Hapoalim (Luxemberg) S.A (BHI) to refinance its interests in four UK-based hotels (Park Plaza London Park Royal, Park Plaza County Hall London, Park Plaza Leeds and Park Plaza Nottingham; together ‘the hotels’). BHI will provide with a £45m facility for a term of seven years and at a fixed interest rate of 4.367% per annum (the facility).

28-06-2018 07:42:22 • 2 minute(s) read
Author Sparks Team

SCISYS (SSY); trading update: strong start to 2018; confident on outlook

Stock up 7.02% to 152.5p at 8:07

SSY has made a strong start to 2018 by delivering on contracts, winning significant new contracts and generating strong cash flow. Group order book is currently more than £100m (2017: £91.3m). Group net debt fell to £1.9m by the end of May (2017: £5.9m).

28-06-2018 07:45:04 • 2 minute(s) read
Author Sparks Team

StatPro Group (SOG); appoints Gordon Bloor as the divisional CEO of Source: StatPro

Stock flat at 172.5p at 8:07

Gordon joins StatPro with a wealth of expertise and extensive background in market data business development.

28-06-2018 07:47:24 • 1 minute(s) read
Author Sparks Team

INVESCO Asia Trust (IAT); annual results: NAV total return of 14.5% misses benchmark

Stock flat at 279.0p at 8:05

For the financial year ended 30 April 2018, IAT posted NAV total return of 14.5%, which missed the benchmark index total return of 16.8%.

29-06-2018 07:18:58 • 2 minute(s) read
Author Sparks Team

John Laing Group (JLG); HY pre-close update: FY guidance for investments remains at £250m

Stock down 0.38% to 263.20p at 8:00

JLG issued a pre-close update for the six months ending 30 June 2018. The company has maintained FY guidance for investment commitments at £250m, albeit weighted towards second half, as it sees a strong pipeline of future opportunities.

29-06-2018 07:26:01 • 1 minute(s) read
Author Sparks Team

Raven Property Group (RAV); issue of 33,431 new preference shares


RAV has announced the issue and allotment of 33,431 new preference shares of 1p each in the company with ticker RAVP (Preference Shares) following the payment of scrip preference share dividend.

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