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Microgen on target as Aptitude software bags ten contracts

Wed, 25th Jan 2017 10:18

(ShareCast News) - Business software company Microgen reported that trading in the second half of 2016 was in line with its strategy.The highlight for the group was the continued progress of its Aptitude Software business which entered into ten contracts in 2016 with new clients located across Europe, North America and Asia, resulting in an approximate 40% increase in year end recurring revenue.The company's Financial Systems business continued to develop its focus on the Trust & Fund Administration (T&FA) market with the integration of the acquisition of Infoscreen in May progressing in line with expectations.At 31 December 2016 the group has gross cash of £23.8m up from £18.6m in 2015 and net funds of £13.6m up from £18.5m and £5.4m in the previous period, following net corporate cash outflows of £1.5m during the period.The share price rose 1.9% to 188p at 1049GMT on Wednesday.
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10 Sep 2018 11:23

Augmentum puts £2.5m into rent-to-own startup Unmortgage

(Sharecast News) - Fintech venture capital investor Augmentum Fintech announced an investment of £2.5m in UK-based residential rent-to-own specialist Unmortgage on Monday, as part of a £10m fundraising.

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5 Sep 2018 09:28

Digital growth drives decent year at Haynes Publishing

(Sharecast News) - Haynes Publishing Group announced its results for the 12 months ended 31 May on Wednesday, reporting a 13% improvement in adjusted group revenue year-on-year to £33.8m.

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30 Aug 2018 13:50

Thursday broker round-up

(Sharecast News) - Bellway: Deutsche Bank upgrades to buy with a target price of 2,745p

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30 Aug 2018 11:03

HSS Hire narrows losses as new strategy bears fruit

(Sharecast News) - Tool and equipment hire firm HSS Hire narrowed its losses in the first half as revenue grew and the company said it has made "significant progress" on its new strategy.

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29 Aug 2018 07:53

Johnston Press revenue dented by Google and Facebook changes

(Sharecast News) - Newspaper publisher Johnston Press reported a drop in first-half revenues on Wednesday as it took a hit from algorithm and news feed changes at Google and Facebook, but said it swung to a pre-tax profit.

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24 Aug 2018 08:34

Air Partner follows record year with 'strong' first half

(Sharecast News) - Aviation services group Air Partner told investors on Friday that it had "traded well" over the first half of its financial year with underlying pre-tax profits coming in in line with expectations.

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22 Aug 2018 09:11

Laura Ashley FY profit slumps but online and fashion sales rise

(Sharecast News) - Laura Ashley posted a drop in full-year profit on Wednesday as revenue fell amid challenging conditions, although the online and fashion segments were a bright spot.

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21 Aug 2018 08:45

Game Digital remains focussed on cost savings

(Sharecast News) - Video games retailer Game Digital expects to post broadly flat revenues from the second half of its trading year as first-half profits were dampened by increased sales of lower-margin products and challenges in its pre-owned business.

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20 Aug 2018 10:13

Augmentum Fintech pours £7m into three new investees

(Sharecast News) - Financial technology venture capital investor Augmentum Fintech announced an aggregate of £7m of investment in three European fintech companies - Tide, Previse and DueDil - on Monday.

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17 Aug 2018 14:16

Baker Steel's NAV growth falls short of benchmark

(Sharecast News) - Baker Steel Resources saw net asset values tick ahead just 0.5% over the first half of its trading year, falling short of the EPIX Global Mining Index's 1.1% advance.

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16 Aug 2018 11:03

Capital Drilling reveals 'another strong half-yearly result'

(Sharecast News) - Drilling services specialist Capital Drilling turned in "another strong half-yearly result" on Thursday, as the company boasted about its financial performance and the execution of its strategy across the last six months.

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26 Jul 2018 09:34

Bonmarche first-quarter sales boosted by online

(Sharecast News) - Women's value retailer Bonmarche was on the rise as it said first-quarter sales were boosted by its online offering.

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25 Jul 2018 13:57

Wednesday broker round-up

(Sharecast News) - Unite Group: Numis downgrades to hold with a target price of 900p.

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25 Jul 2018 11:17

Liberum resumes coverage on Air Partner with 'buy' rating

(Sharecast News) - As far as Liberum is concerned, Air Partner's strategy and fundamentals have remained "intact and attractive".

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24 Jul 2018 14:47

Centaur Media remains on track despite comparative revenue dip

(Sharecast News) - Business to business information, intelligence and events group Centaur Media on Tuesday said it remains confident of meeting full-year expectations despite slightly faltering revenues.

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