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WINNERS & LOSERS SUMMARY: Investors Look Past Ocado's Widened Losses

Tue, 09th Jul 2019 10:28

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - WINNERS----------Ocado, up 5.7%. The online grocer said its interim loss deepened due to the effects of a warehouse fire in Hampshire, but it continues to experience healthy sales growth amid "strong" demand. For the six months ended June 3, pretax loss widened dramatically to GBP142.8 million from just GBP13.6 million a year prior. This was despite revenue rising 11% to GBP882.3 million from GBP795.3 million, as retail revenue grew 10% to GBP811.5 million from GBP736.6 million. Profit performance was primarily hurt by GBP100.6 million in exceptional administrative costs during the period. This was largely the write down of property, plant and equipment following a fire at Ocado's Andover warehouse. Ocado retained its current second half guidance. "Ocado is investing heavily in tech engineers to ensure the business remains one step ahead, and it is also ploughing money into innovation to remain competitive. This includes buying stakes in third party businesses involved in automated meal preparation and vertical farming. All of these actions suggest Ocado is on the right path to achieve its bold growth ambitions," commented AJ Bell's Russ Mould. ----------FTSE 100 - LOSERS----------Just Eat, down 3.8%. Berenberg downgraded the online takeaway platform to Hold from Buy.----------Glencore, down 2.4%. Societe Generale cut the commodities house to Hold from Buy.----------FTSE 250 - WINNERS----------Intu Properties, up 1.2%. The shopping mall operator said it plans to open up to 1,000 new homes next to its Lakeside shopping centre in Essex, eastern England. The company said early designs for the development includes public and private open spaces, lifestyle facilities and design feature integrated with the Lakeside centre. Intu said that it will present development proposals and full public consultation in "the coming months". Additionally, Intu said it has completed the establishment of a joint venture over the Intu Derby shopping centre with Cale Street Investments. The joint venture was first agreed to in April, which will see Cale Street, an investment firm backed by the Kuwait Investment Office, acquire a 50% interest in the site. The transaction was subject to several conditions, including senior debt financing of the centre, which have been completed.----------FTSE 250 - LOSERS----------RHI Magnesita, down 3.8% at 4,732.00 pence. GP Investments sold 2.2 million shares in refractory products maker RHI at a price of 4,600 pence each, in a deal worth around GBP100 million. The shares are worth 4.4% of RHI's share capital, and represent half of the original stake held by GP Investments.----------OTHER MAIN MARKET AND AIM - WINNERS----------Anglo African Agriculture, up 25%. The agriculture-focused investment company said Comarco Group has been given permission to designate its Mombasa facility as a private port. On June 10, Anglo African Agriculture agreed to acquire a number of Comarco companies based in Kenya and involved in marine logistics. Should the deal go ahead, Anglo African Agriculture will issue USD30 million in new shares as consideration and current shareholders in Anglo African Agriculture will have a minority interest of less than 5% in the enlarged company. Since the acquisition proposal was announced, Comarco has obtained consent from the Kenya Revenue Authority to make the Mombasa port into a private port, which Anglo African Agriculture believes "will open up considerable business opportunities for the Comarco Group in future" as Comarco will be able to consolidate and expand port operations into a wider user base, having previously been limited to exports only as it had been registered as an export processing zone. In line with this new status, Comarco has signed a one year 500,000 million tonne iron ore export contract with Samruddha Kenya and finalised a six month 200,000 tonne iron ore export contract with RK Sanghani.----------OTHER MAIN MARKET AND AIM - LOSERS----------Trafalgar Property, down 36%. The property firm said it has not been able to secure full funding to acquire a 1.3 acre assisted living development site in Camberley, Surrey in the required timeframe. Despite negotiations with lending institutions taking place, terms could not be definitely agreed before the deadline on Tuesday, which had been required to complete the acquisition of the site. As a result, Trafalgar Property has how lost its non-refundable deposit of GBP230,000 on the exchange of contracts. In late June, Trafalgar said it had secured a potential offer for bridge funding for the GBP2.3 million acquisition of the Camberley site, since negotiations with lenders were "taking longer to finalise than expected." Looking ahead, Trafalgar said it remains focused on its retirement home strategy, with planning lodged for its Epsom and Ashtead scheme and expectations of submitting planning for its Send Barns scheme later this week.----------

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4 Nov 2019 14:22

Anglo African Agriculture To Pursue Kenyan Acquisition; To Change Name

Anglo African Agriculture To Pursue Kenyan Acquisition; To Change Name

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2 Sep 2019 17:39

Anglo African Agriculture Non-Executive Director Roach Steps Down

(Alliance News) - Anglo African Agriculture PLC on Monday said Non-Executive Director George Roach has immediately resigned from the board.The company, which owns food product manufacturer

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29 Jul 2019 17:34

Anglo African Agriculture Loss Widens On Comarco Acquisition Costs

(Alliance News) - Anglo African Agriculture PLC said on Monday said it made "material headway" in the first half of its financial year despite its loss widening.Revenue in the six

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9 Jul 2019 09:49

Anglo African Agriculture Notes Comarco's New Mombasa Port Designation

(Alliance News) - Anglo African Agriculture PLC on Tuesday said Comarco Group has been given permission to designate its Mombasa facility as a private port.Shares in Anglo African which Pty

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10 Jun 2019 14:04

Anglo African Agriculture To Buy Kenyan Logistics Firms Of Comarco (ALLISS)

LONDON (Alliance News) - Anglo African Agriculture PLC on Monday said it has agreed to acquire five logistics companies within the Comarco group of companies for a total of USD30 million in the is

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16 Apr 2019 08:20

Anglo African Agriculture confirms soft opening of Comarco LPG facility

(Sharecast News) - Anglo African Agriculture announced on Tuesday that a soft opening had taken place at the new 11,000 metric tonne LPG import and storage facility at the privately-owned Comarco port in Kenya.

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14 Mar 2019 09:56

Anglo African Agriculture Unaware Of Reason Behind Share Price Fall

LONDON (Alliance News) - Anglo African Agriculture PLC on Thursday said it was unaware of any reason behind its share price fall over the past six weeks.Shares in the company were trading a

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18 Feb 2019 10:22

Anglo African Agriculture Revenue Drops On Key Spice Line Orders

LONDON (Alliance News) - Anglo African Agriculture PLC on Monday said revenue fell in its most recent year due to lower customer orders for key spice lines of paprika and chilli-based products, in

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31 Jan 2019 16:20

Anglo African Agriculture Reports Strong Earnings Growth In Units

LONDON (Alliance News) -Anglo African Agriculture PLC said on Thursday it saw good progress in its operations for its recently ended financial year, in particular with increased earnings in of its

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14 Sep 2018 10:32

WINNERS & LOSERS SUMMARY: Housebuilders Hit By No-Deal Brexit Warning

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - up 1.8%. Takeda Pharmaceutical said it had in of

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14 Sep 2018 09:45

Anglo African Agriculture Secures Funding For Kenyan Logistics Port (ALLISS)

LONDON (Alliance News) - Shares in Anglo African Agriculture PLC rose Friday as it said it has received enough funding to finance a loan for a strategic logistics port in Kenya.Shares in up

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5 Sep 2018 14:29

Anglo African Agriculture Product Sales Increase In Third-Quarter

LONDON (Alliance News) - Anglo African Agriculture PLC on Wednesday said it saw higher revenue from food manufacturing business as product sales rose in the third quarter of 2018.Anglo in a

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30 Aug 2018 11:25

Anglo African Agriculture Shares Jump With Agreement To Finance Port

LONDON (Alliance News) - Shares in Anglo African Agriculture PLC flourished Thursday as the company signed a memorandum of understanding for the financing of a Kenyan logistics port.Shares

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30 Aug 2018 10:40

WINNERS & LOSERS SUMMARY: Crawshaw Sales Slips 2.3%, Stock Slides 47%

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - up 0.1%. The energy provider noted that the UK

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