Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Excellent RNs. Year high on the horizon. Dyor
What is the RNS about and what is the price target we are moving towards anyone any idea?
TA GL
Connect Group PLC
("the Company" or "the Group")
Post Close Trading Update
Trading ahead of expectations
Trading in Smiths News over the last quarter of FY2020 has been stronger than management's revised expectations following the further easing of UK wide lockdown measures since our last update in July 2020. The improvement is a result of a stronger than anticipated sales performance following the return to trading of the larger high street stores, supported by continued robust cost control across the business.
In the fourth quarter ending 29 August 2020, trading EBITDA was £10m with strong cash generation. As a result, the Group expects to deliver Adjusted EBITDA (pre-IFRS16 lease adjustment) for FY2020 of £38.5m to £39.0m, above the top-end of the guidance previously announced in July 2020. The run rate performance in Adjusted EBITDA in the fourth quarter has continued in September trading, in line with the Board's expectations for the year.
In the fourth quarter ending 29 August 2020, trading EBITDA was £10m with strong cash generation. As a result, the Group expects to deliver Adjusted EBITDA (pre-IFRS16 lease adjustment) for FY2020 of £38.5m to £39.0m, above the top-end of the guidance previously announced in July 2020. The run rate performance in Adjusted EBITDA in the fourth quarter has continued in September trading, in line with the Board's expectations for the year.
Market not woken up to the good RNs.
Thanks its gone back down to 22p, hopefully it rise again.
Excellent £10 mill trading.
In the fourth quarter ending 29 August 2020, trading EBITDA was £10m with strong cash generation. As a result, the Group expects to deliver Adjusted EBITDA (pre-IFRS16 lease adjustment) for FY2020 of £38.5m to £39.0m, above the top-end of the guidance previously announced in July 2020.