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Share Price: 144.00
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TRADING UPDATES: Dewhurst warns of choppy sales, supply chain trouble

Wed, 09th Jun 2021 11:47

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

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Dewhurst PLC - London-based electrical keypads and buttons maker - Revenue rises 2.5% to GBP28.9 million in six months ended March 31 from GBP28.2 million in previous year. Profit before tax jumps 36% to GBP3.4 million from GBP2.5 million. Lifts interim dividend per share by 13% to 4.25p from 3.75p. Expects a lull after the release of pent-up demand in the period, and warns sales could be "choppy and unpredictable". Also warns that supply chain disruption is making it a challenge to maintain stock levels.

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Urban Logistics REIT PLC - investor in UK industrial properties - Revenue doubles to GBP24.2 million in year ended March 31, from GBP12.6 million in previous year. Pretax profit jumps to GBP47.6 million from GBP9.4 million. Net asset value per share rises 10% to 152.33p from 137.89p, reflecting higher property values. Announces 4.35p dividend per share, bringing total for the 2021 financial year to 7.6p per share. AIM-listed company aspires to reach a market capitalisation that will justify a move to a premium listing on the London main market in the near future. Current market capitalisation is GBP405.5 million.

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JPMorgan Indian Investment Trust PLC - investor in Indian companies - Makes net asset value return of 22% in six months ended March 31, beating the benchmark MSCI India index return of 19%. Swings to pretax profit of GBP123.9 million, from a loss of GBP220.5 million year-on-year. Net asset value per share rises 22% to 836.7 pence from 687.1p during first half. More recently NAV rises 2.8% from March 31 to June 3.

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Baillie Gifford UK Growth Trust PLC - investor in UK-based listed companies - Reports net asset value return of 38% in year ended April 30, beating the benchmark FTSE All-Share Index rise of 26%. Swings to a pretax profit of GBP98.4 million from a loss of GBP37.6 million in the previous year. Cuts total dividend per share for the year by 22% to 2.42p from 3.10p. Performance driven by Farfetch Ltd, Ashtead Group PLC, Volution Group PLC and Just Group PLC.

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Avation PLC - Singapore-based aircraft leasing company - Revenue in the nine months ended March 31 totalled USD91.0 million. Cash collection rate across all leases in the third quarter ended March 31 was 71%, up from 64% in the first half. Net debt cut by 5.0% to USD988.1 million from USD1.04 billion during the third quarter. Company has seen increasing interest in aircraft from airlines as they resume flights.

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Cloudcoco Group PLC - Warrington-based information technology services provider - Revenue falls to GBP4.1 million in six months ended March 31, down 6.8% from GBP4.4 million year-on-year. Pretax loss narrows to GBP669,000 from GBP1.6 million. Remains confident in second-half prospects thanks to an increasing pipeline of opportunities.

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Rural Broadband Solutions PLC - Isle of Man-based telecommunications company - Reports GBP128,000 revenue in 2020, after no revenue in 2019. Pretax loss widens to GBP720,000 from GBP372,000. Company now has 2,571 monthly fee-paying clients, up from 2,348 on December 31. Plans to expand services into small towns as well as rural areas in light of increasing demand. Says Chris Stone to join board as non-executive director in next few days. Stone is chair of FTSE 250 cybersecurity firm NCC Group PLC and of AIM-listed public sector software provider Idox PLC. He was chair of former AIM listing Cityfibre Infrastructure Holdings until it was sold to private equity in 2018.

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Anexo Group PLC - Liverpool-based road accident claims manager - Overall trading in line with management expectations. Legal services unit sees 12% year-on-year increase in cash collection in first four months of 2021. Credit hire division sees 8.5% year-on-year increase in vehicle hire numbers.

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Newmark Security PLC - London-based security products and services company - Expects to report a 5.9% fall in revenue to GBP17.7 million for year ended April 30 from GBP18.8 million in previous year. Expects "marginal profit". Performance is in line with expectations and demonstrates an improvement in the second half from the first half, company says. Expects continued growth in human capital management sales, and steady growth in asset protection unit.

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Blancco Technology Group PLC - Huntingdon-based data erasure and mobile device diagnostics company - Adjusted operating profit and net cash for the year ending June 30 will be significantly above management's previous expectations, thanks to increased second-half sales and cost cuts. Revenue will be in line with management expectations. In financial 2020, Blancco reported a GBP179,000 pretax loss on GBP33.4 million in revenue. Adjusted operating profit was GBP4.0 million.

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By Ivan Edwards; ivanedwards@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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25 Apr 2024 20:57

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15 Dec 2023 12:19

IN BRIEF: Avation completes refinancing of four aircraft

Avation PLC - Singapore-headquartered commercial passenger aircraft leasing company - Refinances four leased aircraft under a loan facility for a portfolio of aircraft provided by Investec Bank PLC. The interest rate on the loans has been fixed at drawdown and the loans mature between May 2026 and November 2027. Chair Jeff Chatfield says: "We are pleased to complete this refinancing in the ordinary course of business with a leading bank. Our view is the bank market remains constructive for routine aircraft finance transactions."

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4 Dec 2023 11:58

IN BRIEF: Avation successfully delivers Airbus A320 to Cebu Pacific

Avation PLC - Singapore-headquartered commercial passenger aircraft leasing company - Says that, further to a previous announcement in September, it has delivered an Airbus A320 aircraft to Cebu Pacific, a Philippines-based low-cost carrier. The market rate operating lease is for a four year term. Says that the aircraft was successfully transitioned from a previous operator following scheduled maintenance checks and reconfiguration.

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23 Nov 2023 13:06

Avation gets takeover approach but ends talks, says well-positioned

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Friday 17 November 
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Red Rock Resources PLCGM re allot equity securities
Rockpool Acquisitions PLCAGM
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McBride PLCAGM
Mountview Estates PLCGM re re-election of directors
Ondo InsurTech PLCAGM
Rainbow Rare Earths LtdAGM
Seraphim Space Investment Trust PLCAGM
Tuesday 21 November 
Berkeley Energia LtdAGM
Currys PLCGM re proposed disposal of Kotsovolos
Custodian Property Income REIT PLCGM re articles of association
Physiomics PLCAGM
Starvest PLCGM re cancellation of listing
Trainline PLCGM re capital reduction
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Celtic PLCAGM
Crystal Amber Fund LtdAGM
Genus PLCAGM
GreenX Metals LtdAGM
Leeds Group PLCAGM
Wilmington PLCAGM
Thursday 23 November 
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Bradda Head Lithium LtdAGM
Europa Oil & Gas Holdings PLCAGM
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Pan African Resources PLCAGM
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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3 Nov 2023 10:57

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UK earnings, trading statements calendar - next 7 days

Friday 22 September 
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Ergomed PLCHalf Year Results
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Real Estate Investors PLCHalf Year Results
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AG Barr PLCHalf Year Results
Animalcare Group PLCHalf Year Results
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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