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Pin to quick picksArgo Blockchai. Share News (ARB)

Share Price Information for Argo Blockchai. (ARB)

London Stock Exchange
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Share Price: 11.00
Bid: 10.50
Ask: 11.50
Change: 0.20 (1.85%)
Spread: 1.00 (9.524%)
Open: 10.75
High: 11.50
Low: 10.75
Prev. Close: 10.80
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TRADING UPDATES: Sanderson Design profit doubles on revenue growth

Thu, 28th Apr 2022 16:59

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Sanderson Design Group PLC - Buckinghamshire-based interior furnishings company - For the year ended January 31, pretax profit more than doubles to GBP10.4 million from GBP4.9 million the year before, on revenue which grows 20% to GBP112.2 million from GBP93.8 million, and edging above pre-virus figure of GBP111.5 million. Revenue growth is driven by the receding effect of Covid-19 and double digit growth in brand product and manufacturing sales. Reinstates dividend with final payout of 2.75 pence per share, giving total dividend of 3.50p. "Trading in the first three months of the current financial year has performed in line with our expectations, with continued demand for manufacturing and strong brand sales," says Chair Dianne Thompson.

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HSS Hire Group PLC - Manchester-based equipment rental firm - For the year ended January 1, swings to pretax profit of GBP6.1 million from loss of GBP29.6 million the year before, as revenue climbs 21% year-on-year to GBP303.3 million from GBP250.1 million, on strong growth from Rental and Services. Looking ahead, for the first quarter of the 2022 financial year, revenue rises 13% while earnings before interest, tax, depreciation and amortisation is in line with management expectations.

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Schroder Japan Growth Fund PLC - seeks growth via investing in Japanese stocks - For the six months ended January 31, reports net asset value total return of 1.0%, outperforming the benchmark index which made a negative return of 0.6%. As at January 31, net asset value per share increases 4.6% at 230.61 pence, from 221.61p the same date the year before. Declares no interim dividend, in line with prior year.

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Argo Blockchain PLC - London-based cryptocurrency miner - For 2021, pretax profit hikes to GBP39.3 million from GBP1.4 million, on revenue which rose sharply to GBP74.2 million from GBP19.0 million, attributed to a significant increase in the company's hashrate to 1,605 petahash from 645 petahash, and higher Bitcoin prices in 2021. Despite a pullback in the equity market across most sectors due to the Ukraine war and inflation concerns in the first quarter of 2022, bitcoin prices remain flat over the period.

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Keystone Law Group PLC - London-headquartered law firm - For the year ended January 31, pretax profit rises 55% to GBP8.4 million from GBP5.4 million, driven by a 27% year-on-year increase in revenue to GBP69.6 million from GBP55.0 million, due to a bounce bank in the legal market, with strong activity levels and increased demand. Declares final ordinary dividend of 11.2 pence per share, bringing the total payout to 15.7p, up 51% from 10.4p the prior year. Also declares special payout of 10p. Looking ahead, current financial year has started well, and the company says it is well placed for another strong annual performance.

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Braime Group PLC - Leeds-based manufacture of metal presswork and material handling components - For 2021, pretax profit dips to GBP1.1 million from GBP1.2 million the year before, mainly as a result of exceptional costs, derived from extensive repairs to the chain cell area of its Hunslet Road property. This is in spite of revenue growing 11% to GBP36.4 million from GBP32.8 million on higher demand from customers for commercial vehicle components, and material handling components. Declares second dividend of 8.20 pence per share, bringing total payout to 12.45p, up from 11.8p the prior year. Looking ahead, first quarter of 2022 has started positively, with sales running well ahead of the same period a year before.

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Beximco Pharmaceuticals Ltd - Bangladesh-based generic pharmaceutical products and active pharmaceutical ingredients maker - For the third quarter ended March 31, post tax profit drops 27% to BDT1.07 billion, around GBP9.4 million, from BDT1.47 billion the same period a year prior, as a result of non-recurring vaccine income derived from the third quarter of 2021. This is in spite of a 22% rise in revenue to BDT8.96 billion from BDT7.36 billion. For the nine month period, post tax profit rises 14% to BDT4.20 billion, on revenue which grows 19% year-on-year to BDT25.93 billion. "This has been underpinned by positive operational developments such as the receipt of sublicenses to produce generic versions of molnupiravir and Paxlovid from the United Nations-backed Medicines Patent Pool and the ongoing integration of Sanofi Bangladesh, which has now been renamed Synovia Pharma PLC," says Managing Director Nazmul Hassan.

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Checkit PLC - Cambridge-based workflow management firm - For the year ended January 31, pretax loss widens to GBP7.1 million from GBP5.3 million, as revenue edges upward to GBP13.3 million from GBP13.2 million, driven by a 43% rise in annual recurring revenue run rate at GBP8.2 million, on new customers wins. Looking ahead, Checkit's trading since the start of the new financial year has progressed in line with management expectations.

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Novacyt SA - Surrey-based biotechnology group focused on clinical diagnostics - For 2021, sinks to pretax loss of GBP9.8 million from profit of GBP165.2 million the year before, on revenue which declines 65% to GBP95.8 million from GBP277.2 million, as during the year the company shifted sharply from large, centralised contracts and more into independent testing, as Covid products continue to form a large section of total revenue. Looking ahead, should Covid revenue decline continue, company expects revenue for 2022 to range from GBP35 million to GBP45 million, but the company believes it can reach annual revenue in excess of GBP100 million in five years.

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DP Aircraft I Ltd - Guernsey-based aircraft leasing company - For 2021, pretax loss narrows to USD21.9 million from USD155.1 million the year before, due to the lack of impairment charges on aircraft, more than offsetting a 79% plunge in total income to USD18.3 million from USD88.6 million. Net asset value per share as at December 31 is 17.37 US cents, down from 27.81 cents the prior year.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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23 Jan 2023 13:08

IN BRIEF: Argo Blockchain regains compliance with Nasdaq listing rule

Argo Blockchain PLC - London-based cryptocurrency mining - Receives a letter from Nasdaq stock market in New York, saying Argo Blockchain has regained compliance with a Nasdaq listing rule. Nasdaq had informed Argo Blockchain on December 16 that its American Depositary Shares had not maintained the minimum bid price of USD1.00 over the previous 30 business days. To regain compliance, Argo Blockchain had to do so for ten consecutive trading days. This requirement was met on January 13. Each ADS represents 10 Argo Blockchain shares.

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12 Jan 2023 06:54

IN BRIEF: Argo Blockchain bitcoin mining hurt by US snow in December

Argo Blockchain PLC - London-based cryptocurrency miner with operations in Texas and Quebec - Mines 147 bitcoin and bitcoin equivalents in December, down from 198 in November, as its Helios facility in Texas voluntarily reduces power consumption in response to a severe winter storm in the US. Mining revenue during the month is USD2.5 million, down from USD3.5 million in November, taking into account bitcoin price movements. Mining margin is 48%, up from 29% in November. As of the end of December, Argo Blockchain holds 25 bitcoin and 116 bitcoin equivalents.

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29 Dec 2022 09:40

SMALL-CAP WINNERS & LOSERS: Argo Blockchain falls as deal closes

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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29 Dec 2022 08:50

LONDON MARKET OPEN: Sea of red as investors fret over Covid in China

(Alliance News) - Stock prices in London opened lower on Thursday amid risk-off sentiment across Europe, as concerns grew about rising Covid cases in China.

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29 Dec 2022 08:00

IN BRIEF: Argo Blockchain completes USD65 million deal in Texas

Argo Blockchain PLC - London-based blockchain technology - Says now has closed its deal with Galaxy Digital Holdings Ltd. On Wednesday, Argo Blockchain said it had entered an agreement for a subsidiary to sell its Helios Facility in Dickens County, Texas to Galaxy Digital for USD65 million. Argo said the subsidiary also will refinance asset-backed loans with a USD35 million loan from Galaxy. The loan will be backed by Argo's fleet of 23,619 Bitmain S19J Pro cryptocurrency mining machines currently operating at the Helios site. The company said Galaxy has agreed to host Argo's mining machines for a two-year period, but they will remain owned by Argo.

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28 Dec 2022 12:15

LONDON MARKET MIDDAY: FTSE 100 rises with positive 2022 in sight

(Alliance News) - Stock prices in London were higher at midday on Wednesday, with sentiment remaining upbeat as investors looked to the year-end after the Christmas break.

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28 Dec 2022 10:48

Argo Blockchain to sell facility to Galaxy Digital for USD65 million

(Alliance News) - Argo Blockchain PLC on Wednesday said it has entered into an agreement for a subsidiary to sell its Helios facility to Galaxy Digital Holdings Ltd.

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28 Dec 2022 09:37

SMALL-CAP WINNERS & LOSERS: Argo Blockchain up on USD65 million sale

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

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16 Dec 2022 21:54

TRADING UPDATES: Chesnara confirms completion of Conservatix contract

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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12 Dec 2022 21:54

TRADING UPDATES: Seed Innovations loss widens; Atome launches offer

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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9 Dec 2022 15:26

Argo Blockchain shares suspended by FCA; November mining revenue falls

(Alliance News) - Argo Blockchain PLC shares on Friday were temporarily suspended from trading by the UK Financial Conduct Authority as the company reported a decrease in November revenue.

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31 Oct 2022 20:49

IN BRIEF: Argo Blockchain warns on future as cash raise cancelled

Argo Blockchain PLC - London-based blockchain technology company - Says a GBP24 million fundraising from a strategic investor is no longer likely to go ahead under previously announced terms.

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31 Oct 2022 09:25

Argo Blockchain fundraising falls through, shares tumble

(Sharecast News) - Argo Blockchain shares tumbled after the cryptocurrency miner said a planned fundraising had fallen through.

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11 Oct 2022 13:03

Argo Blockchain shares fall as mines fewer bitcoins than last month

(Alliance News) - Argo Blockchain PLC on Tuesday said it mined less bitcoin in September than the month before as it faced increases in "average network difficulty" and the continued impact of high electricity prices.

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7 Oct 2022 10:38

Argo Blockchain aims to strengthen books against strong headwinds

(Alliance News) - Argo Blockchain PLC on Friday announced several actions to strengthen the company's balance sheet as it faces headwinds from rising energy prices and falling bitcoin prices.

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