Dosing of the second cohort of three Phase II subjects has now started
ReNeuron reported that clinical data from the first Phase II patient cohort of its hRPC cell therapy achieved a positive review from the Data Safety Monitoring Board. All three subjects reported a quick and marked improvement in vision. Dosing of the second cohort of three Phase II subjects has now started. The second cohort consists of patients with a greater baseline level of visual acuity than those treated previously.
Financials & real estate
18-03-2019 08:33:04 • minute(s) read Author Sparks Team
Main tenants of the property would be GPs of the North Road Surgery with a 25-year lease.
Primary Health Properties has entered into a contract to acquire a medical centre in Kew, London. The facility is due to be completed in October 2019, and will have a net internal area of c. 845 sq. m, for £4.6m by the way of forward funding.
The bank intends to become more active in corporate fixed income securities this year
NATURSTROM plans to issue up to €7.9m in bonds in cooperation with UmweltBank. The bonds mature in August 2028 (and thus have a 9.5-year tenor) and offer a 3.25% fixed coupon. NATURSTROM has been active in the renewable energy sector for 20 years, and the new debt facility will finance its expansion in the wind and solar energy sector.
15-03-2019 11:15:00 • 1 minute(s) read Author Christian Breitsprecher
MAX Automation reported 2018 continuing group sales of €277.4m up 10.6%. EBIT before PPA amortisation from continuing business was down 10.6%, to €18.8m. Net profit was hit by losses from discontinued operations leading to an overall group net loss of €35.6m.
15-03-2019 10:00:00 • 1 minute(s) read Author Sparks Team
EQS revealed today that the company’s preliminary sales increased by 19% year-on-year to €36.21m, whereas EBITDA decreased to €0.3k (FY17: €2.35m). Both figures are in line with the company’s guidance released on 16 August 2018.
15-03-2019 09:54:00 • 2 minute(s) read Author Sparks Team
Yesterday DATAGROUP’s shareholders decided at the Annual General Meeting that the company will pay out a dividend of €0.6 per share, up from last year’s €0.4. This translates into a dividend pay-out ratio of c. 40% and represents a dividend yield of c. 1.7% based on closing price on 14th March. In addition, the company has published updated sales and earnings targets.
For 2018, profit before tax was down 8.1% to £53.2m
Restaurant Group’s results show a decline but not a disaster. The end of 2018 could just mark a crucial inflexion point for the group, where it now has the critical mass to address the structural weakness of its traditional Leisure division, while hopefully preserving the momentum of growth, debt control and a dividend stream. At this point, however, it is all still to be done.
Metals & mining
15-03-2019 08:39:08 • minute(s) read Author Ryan Long
QinetiQ’s North American operation, with over 40 years of experience in robotics, will produce the back-packable robot,
QinetiQ reports it won a US army contract for the delivery of small ground robots. The seven-year Indefinite Delivery Indefinite Quantity (IDIQ) contract is valued up to $164m. It includes a Low Rate Initial Production (LRIP) phase worth c. $20m over one to two years.
15-03-2019 08:24:23 • 2 minute(s) read Author Sparks Team
Board recommends final dividend of 6.28p per share
For the year ending 31 December 2018, Fidelity European Values recorded a NAV total return of -4.8%, which compares favourably to benchmark returns of -9.5%. As the discount widened the share price total return fell 6.8%. In aggregate, the results show the financial sector provided the greatest boost to relative performance.
Helma today revealed that its preliminary FY18 sales decreased to €253.3m from last year’s €267.4m. EBIT amounted to €22.9m (FY17: €22.1m) when adjusted for the disposal of capitalised interest. EBT increased by 10.6% year-on-year to €21.2m and was in line with guidance (€21.0-22.5m), while EPS reached €3.62 vs. €3.25 in FY17.
14-03-2019 12:15:00 • 2 minute(s) read Author Christian Breitsprecher
Wacker Neuson reported 2018 revenues increases to €1.7bn, up 11% year-on-year. EBIT grew faster to €159.7m, up 22%, lifting the margin to 9.4%. For 2019, the company targets revenue growth of 4-8% and an EBIT margin of 9.5-10.2%.
MPC’s subsidiary secured €30m for portfolio development purpose
Yesterday MPC revealed that it has expanded its real estate portfolio, entering the healthcare segment in the Netherlands. Until now, assets under management (AUM) in the real estate segment, consisted of office, retail and residential properties only.
14-03-2019 08:34:20 • 2 minute(s) read Author Paul Hickman
DFS is resolutely sticking to its guidance for the year to July 2019, despite lower order levels since January, and is assuming no further weakening of the market environment. The market is expecting PBT of £50m for the year, up from £37m for FY18. Interim results today are accompanied by a detailed list of potential Brexit impacts, including consumer demand, potential border delays, increased regulation, tariffs, exchange rates, and the effect on EU nationals on the payroll.
14-03-2019 08:22:00 • 2 minute(s) read Author Sparks Team
PPHE announced the acquisition of properties at 538, 540 and 542 West 29th Street, New York, through an agreement between a wholly owned subsidiary and a real estate development and investment firm based in New York, Largo 542 West 29th Street Partners LLC.