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TRADING UPDATES: Appreciate profit drops on gift cards decline

Tue, 29th Jun 2021 12:08

(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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Appreciate Group PLC - Liverpool-based prepaid card operator - Revenue falls 5.3% to GBP106.8 million in year ended March 31 from GBP112.7 million in prior year. Pretax profit falls 84% to GBP1.3 million from GBP7.7 million. Recommends final dividend per share of 0.6p, bringing the full-year total to 1.0p, up from zero in financial 2020. Trading in first 12 weeks of financial 2022 has been slower than anticipated as gift card sales continue to be hit by the pandemic.

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Strategic Minerals PLC - rare earths miner with assets in the US, Australia and Cornwall - Revenue rises 22% to USD3.0 million in 2020 from USD2.5 million in 2019. Swings to pretax profit of USD450,000 from a loss of USD845,000. Does not recommend dividend. Company cut overheads and sold some mineral rights in the year. Start of a second income stream at Leigh Creek copper mine in 2021 will improve the market's perception of the value of Strategic Minerals, company says.

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SEEEN PLC - London-based social media app maker - Revenue rises to USD10.1 million in 2020 from USD4.3 million in 2019. Pretax profit rises to USD3.6 million from USD1.7 million. Company says three-year strategy is going as expected at the halfway point, and that it has enough capital for its growth and commercialisation plan.

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D4t4 Solutions PLC - Surrey-based data management company - Revenue rises 4.6% to USD22.8 million in year ended March 31 from USD21.8 million in previous year. Pretax profit falls 39% to GBP3.0 million from GBP5.0 million. Final dividend per share 2.0p, bringing the full-year total to 2.81p, up from 2.67p in previous year. Enters new financial year in a strong position after record second half. Trading since March 31 in line with expectations.

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Caspian Sunrise PLC - oil explorer in Kazakhstan - Revenue rises 18% to USD14.3 million in 2020 from USD12.1 million in 2019. Swings to pretax loss of USD1.75 million from a profit of USD941,000, after a USD2.6 million impairment. Company "on path to recovery" with improved oil price.

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San Leon Energy PLC - oil explorer in Nigeria - Pretax loss narrows to USD9.6 million in 2020 from USD58.7 million in 2019. Expects to commission ELI pipeline, close Oza acquisition and make further transactions in 2021. Does not declare final dividend after a USD33.3 million special dividend in 2020.

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Trakm8 Holdings PLC - Birmingham-based telematics hardware company - Revenue falls 18% to GBP16.0 million in year ended March 31, from GBP19.6 million in previous year. Pretax loss widens to GBP1.9 million from GBP1.7 million. Revenue in April and May 2021 is up 28% year-on-year. Company expects to return to pre-pandemic revenue and make a profit, assuming there are no more lockdowns or unmanageable supply chain issues.

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Harvest Minerals Ltd - fertiliser producer in Brazil - Revenue rises 35% to USD2.0 million in 2020 from USD1.4 million in 2019. Pretax loss widens to GBP3.3 million from USD910,044. No dividend declared. Company progressed the Arapua fertiliser project to commercialisation, but did not advance its other projects. Sells 17,854 tonnes of KP Fertil product in second quarter of 2021, beating target of 16,000 tonnes. On track to meet 2021 sales target.

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Standard Life Private Equity Trust PLC - investor in private equity funds focused on Europe - Swings to pretax profit of GBP113.9 million in six months ended March 31, from a loss of GBP43.6 million year-on-year. Net asset value total return 15% in period, underperforming FTSE All-Share index return of 19%. Net asset value per share 568.4p on March 31 vs 501.0p on September 30.

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Myanmar Investments International Ltd - investor in companies in Myanmar - Swings to pretax loss of USD7.7 million in six months ended March 31 from a profit of USD1.7 million year-on-year. Company is in the process of winding down following military coup in Myanmar. Its remaining two investments give Myanmar Investments a net asset value per share of 74 US cents.

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Blue Star Capital PLC - investor in esports, gaming and blockchain companies - Pretax loss widens to GBP494,543 in six months ended March 31, from GBP189,460 year-on-year, due to adverse foreign exchange movements. Sees upside from esports investments, while blockchain companies are taking time to mature.

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British Honey Co PLC - Buckinghamshire-based spirits maker - Revenue rises to GBP1.5 million in nine months ended December 31, from GBP634,000 in previous 12 months. Pretax loss narrows to GBP1.2 million from GBP2.0 million. Positive trading momentum maintained in 2021. Reopening of bars will provide further opportunities to grow sales.

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Aukett Swanke Group PLC - London-based architect - Revenue falls 28% to GBP5.3 million in six months ended March 31 from GBP7.4 million year-on-year. Pretax loss widens to GBP1.0 million from GBP182,000. Covid-19 has caused project delays. Company has taken action to support business model which should improve financial performance, but it is likely to report a loss for the full year.

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By Ivan Edwards; ivanedwards@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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UK shareholder meetings calendar - next 7 days

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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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TRADING UPDATES: Duke expects revenue rise; SIMEC gets EL deal payment

(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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EARNINGS AND TRADING: Getech confident; Aukett Swanke makes buy

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

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AIM WINNERS & LOSERS: Cap-XX surges as settles agreement with Tesla

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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13 Mar 2024 15:24

IN BRIEF: Blue Star Capital Dynasty carrying value drops significantly

Blue Star Capital PLC - London-based investment company focused on the esports and new technologies sectors - Says its investment in Dynasty Gaming & Media Pte Ltd, in which it holds a 13% stake, has lost a significant amount of carrying value amid Dynasty's ongoing acquisition of Googly Media Holdings Pte Ltd. In November, Dynasty, a Singapore-based gaming platform provider, entered into an agreement to acquire the assets of Googly for around USD7.6 million, which valued the entire entity at USD15 million. The deal is expected to conclude by April 30. Following completion, based on a combined entity valuation, Blue Star says its holdings in Dynasty and its 0.6% stake in Googly will be valued at GBP450,000, significantly below its previous calculation of around GBP5.5 million.

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19 Jan 2024 19:37

IN BRIEF: Blue Star Capital expects placing proceeds by end January

Blue Star Capital PLC - Crawley, England-based, investor in e-sports, gaming and blockchain sector - Advises that, further to its announcement of January 17, the proceeds of its GBP100,000 placing are expected to be received on or around January 31. Accordingly, the admission of the placing shares to trading on AIM will now occur on or around the same date.

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17 Jan 2024 18:13

IN BRIEF: Blue Star Capital raises GBP100,000 via new shares placing

Blue Star Capital PLC - Raises GBP100,000 via a placing of 100.0 million new shares at a price of 0.1 pence each, representing 2.0% of enlarged share capital. Says proceeds will be used for working capital purposes and will provide the company with working capital headroom until September. This is in line with its forecasted monthly cash burn rate and the anticipated disposal of the company's shareholding in SatoshiPay. Admission of new shares to trading on AIM is expected to occur on or around Monday next week.

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16 Jan 2024 11:21

Blue Star shares soar on Dynasty and SatoshiPay updates

(Alliance News) - Blue Star Capital PLC on Tuesday said its investee Dynasty Gaming & Media Pte Ltd has partnered with Vera Media Group to 'soft-launch' its new platform Lightning Dragon.

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27 Nov 2023 12:06

Blue Star Capital celebrates as Dynasty gets closer to breakeven

(Alliance News) - Blue Star Capital PLC shares rose on Monday after it announced that investee Dynasty Gaming & Media Pte Ltd recently completed a USD3 million fundraise, and announced a potential merger with Googly Media Pte Ltd.

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TRADING UPDATES: BiVictriX patent boost; 4Global deal extended

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Blue Star Capital's Googly inks cricket e-sports deal

(Sharecast News) - Technology, media and gaming investor Blue Star Capital announced a collaboration between its investee company Googly Media Holdings and the Caribbean Premier League (CPL) on Wednesday, forging an agreement to create the E-sports Caribbean Premier League (ECPL).

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9 Aug 2023 11:51

Blue Star investee to help launch e-sports cricket league in Caribbean

(Alliance News) - Blue Star Capital PLC on Wednesday said its investee company Googly Media Holdings PTE Ltd signed an agreement with the Caribbean Premier League to launch the cricket E-sports Caribbean Premier League.

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28 Jun 2023 11:51

IN BRIEF: Blue Star Capital interim loss widens and net assets fall

Blue Star Capital PLC - investor in e-sports, gaming and blockchain companies - Pretax loss widens to GBP1.2 million in six months ended March 31 from GBP996,806 a year before, partly due to a loss on disposable investments of GBP81,491. Blue Star Capital's operating loss increases to GBP1.2 million from GBP1.0 million. Net assets fall to GBP10.5 million as of March 31 from GBP11.7 million a year before, with the company affirming that the formal sales process of its stake in SatoshiPay Ltd is expected to be completed by the end of 2023. NAV per share was 0.2 pence on March 31.

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1 Jun 2023 13:36

IN BRIEF: Blue Star announces new Pendulum blockchain bridge release

Blue Star Capital PLC - Crawley, England-based investment company focused on e-sports, payments and technology - Notes announcement by Pendulum that its Spacewalk 'blockchain bridge' is now live on SatoshiPay's Amplitude network. Pendulum was incubated by SatoshiPay, a Berlin-based instant payment company in which Blue Star owns a 27.9% stake. Spacewalk is a decentralised 'bridge' connecting blockchain networks Stellar and Polkadot. Blue Star says Pendulum intends to advance foreign exchange trading into the blockchain sector and hopes that Spacewalk will provide the stablecoin liquidity needed. In the future it hopes to extend Spacewalk to other blockchain networks like Cosmos and Ethereum.

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