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Pin to quick picksAseana Prop. Share News (ASPL)

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TRADING UPDATES: Aferian buys 24i as profit triples; NWF revenue down

Tue, 03rd Aug 2021 14:10

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

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Aferian PLC - Leeds, England-based media technology company - Acquires the remaining 8% minority interest in 24i Unit Media BV and its subsidiaries. The amount due to the founders of 24i is EUR3.3 million, which is the same price paid per share as for the 92% shareholding acquired in July 2019. It is anticipated that the company will pay cash of EUR1.0 million, with the remaining EUR2.3 million to be settled through the issue of shares.

Separately, the company reports double digit growth in both revenue and annual recurring revenue for the six months to May 31, up 19% to USD45.3 million and up 37% to USD13.8 million, respectively. Pretax profit tripled to USD1.5 million from USD500,000 year-on-year. Aferian declares dividend of 1.0 pence a share.

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NWF Group PLC - Cheshire, England-based animal food manufacturing company - Reports 10% slip in pretax profit to GBP10.8 million for the year to the end of May, as revenue declined by 1.7% to GBP675.6 million. The company explains that its Feeds unit's performance was hurt by the increase in feed commodity prices and reduced management information as a result of the cyber incident. In contrast, it reports strong second half recovery in Food, delivering on the anticipated benefits of the new Crewe warehouse, which has been fully utilised. NWF also sees outperformance in the Fuels division, with strong heating oil demand supported by a cold winter and an increase in home working during the pandemic.

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Filtronic PLC - Yeadon, England-based telecommunications firm - Swings to profit of GBP211,000 in the 12 months to May 31 from GBP429,000 loss posted the year before. This is thanks to a non-repeat of GBP569,000 loss on exceptional items. Revenue, meanwhile, falls to GBP15.6 million from GBP17.2 million year-on-year. "Alongside increased order-flow and strengthened customer forecasts there are signs of pent-up demand in our served markets that we are positioning ourselves to capitalise on," notes Chair Reg Gott.

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BMO Managed Portfolio Trust PLC - investment company - Increases annual payout by 1.6% to 6.2p per income share compared to the prior year. Net asset value total return per income share of 29% for the financial year to May 31, outperforming the FTSE All-Share Index total return of 23%. NAV per income share rises to 142.22p as at May 31 versus 115.71p the year prior. NAV total return per growth share, meanwhile, reaches 33% for the financial year, also outperforming the benchmark return. NAV per growth share up to 276.01p at May 31 from 208.35p the year earlier.

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Doric Nimrod Air Two Ltd - Guernsey-based investment company - Says revenue fell 66% to AED30.9 billion, about USD8.4 billion, due to the global pandemic. As a result, it recorded a net loss of AED20.3 billion compared to a profit of AED1.1 billion in the previous financial year. During the financial year, the company declared four interim dividends of 4.50 pence per share.

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LMS Capital PLC - London-based investment company - Reports NAV at June 30 of GBP47.6 million, or 59.0p per share, compared to GBP47.9 million, or 59.4p per share, as at the end of 2020. Realised and unrealised portfolio gains, excluding GBP200,000 of foreign exchange losses, total GBP1.4 million. LMS secures cash proceeds of GBP2.4 million from realisations during the half year. Final dividend payment was 0.6p per share for 2020, and the company targets a dividend in respect of each financial year of 1.5% of that year's closing NAV.

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RiverFort Global Opportunities PLC - High Wycombe, England-based investment company - Reports "very positive" trading and an increase in number of new investment opportunities, particularly as equity markets have softened in recent weeks. Confirms payment of final dividend of 0.04p a share.

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Joules Group PLC - Leicestershire, England-based clothing company - Says revenue in the 52 weeks to May 30 increases by 4.3% to GBP199.0 million, with strong e-commerce sales growth and the contribution from Garden, more than offsetting the impact of enforced store closures, the cancellation of country shows across the UK and the impact of the pandemic on the firm's wholesale customers. Pretax profit before exceptional costs was GBP6.1 million, swinging from loss of GBP3.9 million the year before. "As a result of the strength of the Joules brand and the increasing diversification of the group's digital-led business model, we believe that the Group is very well positioned to continue to deliver its ambitious growth plans," says Chief Executive Nick Jones.

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Mobius Investment Trust PLC - investment company - Reports NAV per share as at May 31 of 130.1p, up from 105.9p as at the end of November 2020. Share price at the end of May stood at 124.0p, representing a 4.7% discount to NAV. Mobius notes that since the end of the reporting period, performance has continued to be strong, and NAV grew further to 139.7p. Looking ahead, the trust said its outlook for emerging markets remains positive.

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Maven Income & Growth VCT 3 PLC - investment company - Says NAV as at May 31 was 60.76p per share. This is an increase since NAV of 58.25p as at February 28. The NAV increase is largely attributable to several profitable realisations, all of which completed at valuations ahead of carrying value, alongside uplifts to the valuations of companies that are delivering growth in recurring revenue. The trust declares an interim dividend of 1.25p per share.

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Quarto Group Inc - London-based illustrated book publisher - Reports revenue of USD56.9 million for the six months to June 30 compared to USD46.9 million posted the year prior. As a result, Quarto swings to profit of USD3.0 million from USD4.0 million loss in the first half of 2020. "The Board remains focused on continuing its efforts to keep costs under control, drive sales, whilst maintaining the debt reduction and defining further growth strategies for 2022 and beyond," says Chief Executive Chuk Lau.

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Aseana Properties Ltd - Jersey-based property development company - Reports revenue of USD1.3 million for 2020 compared to USD9.7 million for the previous year. NAV per share, however, slips to USD0.51 from USD0.55 year-on-year. Aseana records a net pretax loss of USD13.3 million, narrowed compared to a net pretax loss of USD28.7 million for 2019. The loss was largely due to the finance cost in relation to the City International Hospital, the International Healthcare Park, the RuMa Hotel & Residences, the Sandakan hotel asset and the Harbour Mall in Sandakan. No dividend was declared or paid in the financial years 2020 and 2019.

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By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
13 May 2024 20:45

IN BRIEF: Aseana Properties investors eye adding directors

Aseana Properties Ltd - Malaysia-focused property developer - Receives letter from shareholders LIM Asia Multi-Strategy Fund Inc and LIM Asia Special Situations Master Fund Inc calling on Aseana to convene a general meeting. The shareholders propose Aseana adds Dato Dr Thong Kok Cheong and Clare Mariam Binti Muhiudeen be as directors.

Read more
8 May 2024 21:42

TRADING UPDATES: Home REIT cuts borrowings, Genflow shares restored

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

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30 Apr 2024 18:43

EARNINGS: Argo loss widens; Mustang Energy swings to profit

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

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29 Apr 2024 15:45

TRADING UPDATES: Smarttech247 inks USD2.1 million contract

(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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8 Apr 2024 15:20

Aseana extends sale and purchase deal for selling Malaysia assets

(Alliance News) - Aseana Properties Ltd on Monday said it signed a supplemental sale and purchase agreement to extend a prior agreement on selling the Sandakan hotel asset and the adjacent Harbour Mall in Malaysia.

Read more
2 Apr 2024 19:33

EARNINGS AND TRADING: Alba Mineral finds gold targets at Dolgellau

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

Read more
11 Mar 2024 06:56

IN BRIEF: Aseana Properties raises USD1 million from directors' loans

Aseana Properties Ltd - Malaysia and Vietnam-focused property developer - Secures USD1 million in total in working capital from three loan agreements, two of which are with directors and associates. The loans run for one year and pay 15% annual interest. They are secured by Aseana's RuMa Hotel & Residence in Kuala Lumpur. Back in January, Aseana had said it was seeking up to USD2 million in short-term finance. This was after it withdrew legal action that it was taking in Malaysian courts against Ireka Corp Bhd, the parent company of its former development manager, for non-payment of various debts.

Read more
29 Jan 2024 21:46

IN BRIEF: Aseana Properties withdraws legal action against ICB

Aseana Properties Ltd - Malaysia and Vietnam-focused property developer - Withdraws legal action that it was taking in the Malaysian Courts against Ireka Corporation Berhad, the parent company of its former development manager, for non-payment of various debts. Case withdrawn after ICB agreed to transfer 38.8 million shares in Aseana plus its 30% shareholdings in the two joint venture companies that own The RuMa Hotel & Residences in Kuala Lumpur to Aseana. Estimates impact of the settlement would be to decrease the net asset value from USD69.1 million as at June 30 2023, to a pro forma unaudited NAV of USD63.4 million as at the same date.

Read more
8 Jan 2024 14:08

IN BRIEF: Aseana says Sandakan sale ongoing as bank pays loan notes

Aseana Properties Ltd - Malaysia and Vietnam-focused property developer - Says that negotiations for the sale of the Sandakan hotel asset and Harbour Mall Sandakan are "ongoing". Aseana agreed in June to sell the assets for MYR165 million, around USD35 million. Says that the medium term notes used to finance the two assets have been paid back by the notes' bank guarantors, following the creation of an event of default. Aseana failed to pay back the notes on the original agreement date of December 8 and was given an extra thirty-day cure period. Company says the unnamed prospective buyer will submit a bank guarantee "in the next few days", which would cover the outstanding loan.

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8 Dec 2023 16:42

IN BRIEF: Aseana touts Sandakan sale progress despite note default

Aseana Properties Ltd - Property developer in Malaysia and Vietnam - Says it is still making progress on the sale of its Sandakan hotel asset, as well as the adjacent Harbour Mall Sandakan asset, and that an extension has been made to the sale and purchase agreement. Explains that payment of part of the purchase price is being arranged.

Read more
26 Sep 2023 15:32

EARNINGS: Symphony bemoans "weak global demand"; Aseana sells assets

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

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30 Jun 2023 17:28

TRADING UPDATES: Kefi confident; Aseana Properties sells assets

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

Read more
2 Jun 2023 12:13

IN BRIEF: Aseana shareholders allow continuation, depose director

Aseana Properties Ltd - Jersey-headquartered property developer in Malaysia and Vietnam - On Wednesday said shareholders voted against discontinuation resolution at general meeting on Tuesday. Company will continue to seek asset disposal "in a measured manner" until next discontinuation vote in May 2025. At annual general meeting also on Tuesday, shareholders re-elected Chair Nicholas Paris with 57% of the vote; 43% voted against. Non-Executive Director Hock Chye Tan also was re-elected with 79% of the vote. However 67% voted against re-electing Monica Lai to the board. Lai's duties as non-executive director therefore have stopped with immediate effect.

Read more
23 May 2023 15:46

UK shareholder meetings calendar - next 7 days

Wednesday 24 May 
4imprint Group PLCAGM
Adriatic Metals PLCAGM
Arbuthnot Banking Group PLCAGM
Artisanal Spirits Co PLCAGM
Bango PLCAGM
Coca-Cola Europacific Partners PLCAGM
Deliveroo PLCAGM
Deltic Energy PLCAGM
Distribution Finance Capital Holdings PLCAGM
Dunedin Enterprise Investment Trust PLCAGM
ECSC Group PLCCourt and General Meetings re Daisy Corporate Services Trading Ltd takeover
Empiric Student Property PLCAGM
Fidelity Japan Trust PLCAGM
HICL Infrastructure PLCAGM
Horizonte Minerals PLCAGM
Intertek Group PLCAGM
Ithaca Energy PLCAGM
Kelso Group Holdings PLCAGM
Lookers PLCAGM
M&G PLCAGM
Mercantile Investment Trust PLCAGM
Microlise Group PLCAGM
Mortgage Advice Bureau Holdings PLCAGM
National World PLCAGM
Ondine Biomedical IncAGM
Petershill Partners PLCAGM
Playtech PLCAGM
Quarto Group IncAGM
Real Estate Investors PLCAGM
RHI Magnesita NVAGM
Tullow Oil PLCAGM
US Solar Fund PLCAGM
Zotefoams PLCAGM
Thursday 25 May 
Alliance Pharma PLCAGM
Biome Technologies PLCAGM
Capital & Regional PLCAGM
Destiny Pharma PLCAGM
Ferrexpo PLCAGM
Fevertree Drinks PLCAGM
Headlam Group PLCAGM
Henry Boot PLCAGM
Hill & Smith PLCAGM
LBG Media PLCAGM
Life Science REIT PLCAGM
LSL Property Services PLCAGM
NAHL Group PLCAGM
Petrofac LtdAGM
Pharos Energy PLCAGM
Prudential PLCAGM
Regional REIT LtdAGM
Resolute Mining LtdAGM
RM PLCAGM
S&U PLCAGM
Sabre Insurance Group PLCAGM
Schroder Asian Total Return Investment Co PLCAGM
TBC Bank Group PLCAGM
Vanquis Banking Group PLCAGM
Zinc Media Group PLCAGM
Friday 26 May 
AG Barr PLCAGM
Argos Resources LtdGM re disposal and cancellation
Bank of Cyprus Holdings PLCAGM
Fox Marble Holdings PLCGM re admission on AIM and acquisition of Eco Buildings Group Ltd
Glencore PLCAGM
Itsarm PLCGM re delisting from AIM
Keywords Studios PLCAGM
Let's Explore Group PLCGM re proposed tender offer to purchase shares
NFT Investments PLCGM re shares purchase
Non-Standard Finance PLCAGM
Old Mutual LtdAGM
Solgenics LtdGM re cancellation from admission to trading on AIM
ThomasLloyd Energy Impact Trust PLCAGM
Unbound Group PLCAGM
XLMedia PLCAGM
Monday 29 May 
no events scheduled 
Tuesday 30 May 
Alba Mineral Resources PLCAGM
Aseana Properties LtdAGM
Aseana Properties LtdGM re discontinuation resolution
BioPharma Credit PLCAGM
Gresham House Energy Storage Fund PLCAGM
Integrated Diagnostics Holdings PLCAGM
Maintel Holdings PLCAGM
Malvern International PLCAGM
Manx Financial Group PLCAGM
Sportech PLCAGM
Superdry PLCGM re disposal of some IP assets
Watchstone Group PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
12 May 2023 12:39

Aseana Properties agrees to sell 32 unsold residences in Kuala Lumpur

(Alliance News) - Aseana Properties Ltd on Friday said that it has agreed to sell a number of its unsold residences in Kuala Lumpur.

Read more

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