Edison Sparks - Morning News

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02-07-2018 07:42:50 • 2 minute(s) read
Author Sparks Team

BioPharma Credit (BPCR); investment update

Stock flat at 1.04USD at 8:14

BPCR announced that the company, together with other investors, has funded the $200m second tranche of the aggregate $500m loan to TESARO, Inc. announced on 21 November 2017.

02-07-2018 07:45:18 • 2 minute(s) read
Author Sparks Team

7digital Group(7DIG); trading suspended temporarily

The trading of 7DIG’s ordinary shares is temporarily suspended under AIM Rule 40 from 7.30 a.m. on Monday 2 July 2018 as they have not published the audited annual report and accounts for the year ended 31 December 2017 by 30 June 2018.

02-07-2018 07:57:29 • 2 minute(s) read
Author Paul Hickman

Jas Bagniewski, CEO of Eve Sleep, resigns following reports that first half sales are up 61%

In part this is a traditional story for a small company just a year post IPO. Expectations have not been met and heads must roll. No matter that what has been delivered would be the envy of terrestrial competitors.

03-07-2018 07:32:38 • 2 minute(s) read
Author Sparks Team

Solid State (SOLI); FY results: strong organic revenue growth and strategic re-organisation

For the year ending 31 March 2018, Revenue from continuing operations grew 16% YoY to £46.3m (2017: £40.0m) and Profit attributable to equity shareholders rose 21% to £2.24m (2017: £1.85m). Diluted EPS from profit attributable to shareholders grew 20% to 26.0p per share (2017: 21.6p).

03-07-2018 07:36:24 • 1 minute(s) read
Author Sparks Team

Caledonia Mining Corporation (CMCL); announces quarterly dividend of 6.875 cents per share

CMCL has declared a quarterly dividend of six and seven eighths United States cents (US$0.06875) on each of the company’s common shares with dividend cheque mailing date of 27 July 2018.

03-07-2018 07:37:12 • 2 minute(s) read
Author Sparks Team

Cohort (CHRT);FY results; performance in line with company expectation; operating profit up 8%

Stock down 1.64% to 359.00p at 8:09

For the year ended 30 April 2018, CHRT’s revenue declined 1% y/y to £111.8m, while adjusted operating income grew 8% y/y to £15.6m. Order intake was lower at £76.6m (FY17 – £108.6m) primarily due to delays.

03-07-2018 07:42:59 • 2 minute(s) read
Author Sparks Team

Marshall Motor (MMH); robust H1 performance; FY outlook at upper end of expectations

Stock up 0.90% to 168.00p at 8:07

MMH noted in its H1 pre-close, ahead of results on 14 August 2018, that the group delivered positive performance despite a challenging UK new vehicle market. It expects underlying profit before tax to be higher, even against a record performance reported in H1-17.

03-07-2018 07:44:28 • 2 minute(s) read
Author Sparks Team

Entertainment One (ETO); purchases the remaining stake in Sierra Pictures

Stock up 0.50% to 358.2p at 8:08

ETO, further to its initial investment in 2015, purchased the remaining stake as well in Sierra Pictures resulting in full ownership.

03-07-2018 07:45:15 • 2 minute(s) read
Author Sparks Team

appScatter Group (APPS); acquires Priori Data for £13.5m

Stock flat at 55.0p at 8:13

APPS has acquired Priori Data for a total consideration of £13.5m, with £1.8m in cash and £11.7m by the issue of 16,667,157 new ordinary shares in the company (Consideration Shares) at an effective issue price of 70p per ordinary share (Ordinary Shares).

04-07-2018 07:13:07 • 1 minute(s) read
Author Sparks Team

eServGlobal (ESG); secures three-year contract for its PayMobile platform

ESG has secured a new three-year contract worth US$1.25m with an existing customer for its flagship PayMobile platform.

04-07-2018 07:23:04 • 2 minute(s) read
Author Sparks Team

OnTheMarket (OTMP); UK property listings in its portal cross 550,000

Stock up 1.58% to 160.5p at 8:03

OTMP has signed listing agreements with UK residential estate and letting agents with more than 9,500 offices. Property listings in its website continued its momentum, which now has over 50% of the total market with 550,000 listings.

04-07-2018 08:20:09 • 2 minute(s) read
Author Paul Hickman

Grocery price reductions have squeezed Sainsbury’s like-for-like sales growth to token levels.

Grocery price reductions have squeezed Sainsbury’s like-for-like sales growth to token levels. However, this masks a notable shift in the shape of performance, with Grocery like-for-like growth slipping from 2.1% growth in Q4 to 0.5% in Q1, while General Merchandise moves from a 1.2% decline to 1.7% growth.

05-07-2018 07:32:47 • 2 minute(s) read
Author Sparks Team

UK Commercial Property REIT (UKCM); acquires office property in Reading, UK for £51m

Stock flat at 89.0p at 8:10

UKCM acquired an office property in Reading, UK, for £51m, in partnership with a client of CBRE Global Investors. The company also sold a five-storey office property in Bristol for net price of £26.6m.

05-07-2018 07:33:48 • 2 minute(s) read
Author Sparks Team

Boku (BOKU); H1 2018 trading update: strong growth across all key metrics

Stock up 5.20% to 121.5p at 8:11

BOKU expects revenue to be between $16.5m and $17.0m, representing YoY growth of more than 60%. Adjusted EBITDA has remained positive. Earnings is on track to meet full year expectations.

05-07-2018 07:34:41 • 2 minute(s) read
Author Sparks Team

Keywords Studios (KWS); launches Keywords Ventures Ltd, announces first investment in AppSecTest Ltd

Stock flat at 1,770.0p at 8:11

UK-based Keywords Ventures Ltd (KWV) will make modest investments in innovative technologies and services that will benefit its clients. Investee companies will benefit from both KWS funding and associated commercial agreements, providing access to KWS’ global reach.

05-07-2018 07:39:16 • 1 minute(s) read
Author Sparks Team

Rockhopper Exploration (RKH); appoints Pathfinder Bank for Sea Lion project; op. update in Egypt

Stock up 2.35% to 41.30p at 8:16

RKH appointed Standard Chartered Bank as the Pathfinder Bank for the proposed senior debt project financing of the Phase 1 development of the Sea Lion project.

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