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Pin to quick picksBr.small Co.2 Share News (BSC)

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TRADING UPDATES: eve Sleep loss widens; Celtic earnings shoot up

Tue, 20th Sep 2022 18:39

(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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eve Sleep PLC - London-based sleep wellness brand - Pretax loss in first half of 2022 widens to GBP4.6 million from a loss of GBP2.3 million the year before, while revenue falls 16% to GBP11.6 million from GBP13.9 million. The mattress maker explains there has been "no let-up" in the challenging market backdrop in the period, which it says has had a negative impact on demand for big-ticket items and homewares.

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Celtic PLC - Glasgow football club - Revenue in year ended June 30 jumps 45% to GBP88.2 million from GBP60.8 million. Swings to pretax profit of GBP6.1 million from GBP11.5 million loss. Reports gain on sale of players of GBP29.0 million, up from GBP9.4 million. Player acquisitions amount to GBP38.4 million, up from GBP13.5 million. "The key driver of the revenue growth was the restoration of a more normalised trading environment as we emerged from Covid-19 and were able to operate at full stadium capacity for all but five matches at the beginning of the season, where crowd restrictions remained," Celtic explains. On the pitch, company sealed the SPFL cinch Premiership league title in the 2021/22 season. It qualified for the group stage of the UEFA Champions League, Europe's premier club competition, in the 2022/23 season.

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British Smaller Cos VCT PLC and British Smaller Companies VCT2 PLC - venture capital trusts managed by YFM Equity Partners - British Smaller says its net asset value per share at June 30, end of first quarter, improves to 86.8 pence from 85.7p at end of March. British Smaller Companies VCT2 says NAV per share at June 30, end of its first-half, falls to 60.3p after dividend payments, from 61.5p at end of December. "In recent updates, I have discussed how the company has enjoyed a strong performance, driven by the accelerating transition of many areas of the economy to have a greater focus on technology-led solutions, as a result of the Covid-19 pandemic. However, since the start of the year sentiment towards technology stocks has cooled, as inflationary concerns have driven up interest rates in the western world," Chair Peter Waller says.

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Elixirr International PLC - London-based consultancy - Revenue in six months ended June 30 rises 39% year-on-year to GBP33.4 million from GBP24.0 million. Pretax profit rises 31% to GBP8.4 million from GBP6.4 million. "So far on a macro-level, 2022 has not been without its challenges, but Elixirr's ability to adapt to changing market demands has continued to be evident in the first half of the year. We can see the results of our profile growing in the market and have reaped the benefits of our expanding capabilities as we continue to provide an extensive range of services to our clients, while retaining our bespoke and personalised approach - a key differentiator for us in our industry," Chief Executive Officer Stephen Newton says. "We have continued to pursue each element of our four-pillar growth strategy with rigour and have sustained the robust levels of growth the business has seen since listing in 2020 during the H1 22 period. Our ambition for Elixirr is only growing, and I'm looking forward to seeing what we can achieve in the remainder of the year and beyond."

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Brown Advisory US Smaller Cos PLC - investment trust focused on US small caps - Net asset value per share at June 30 year-end falls 14% to 1,303.87 pence from 1,516.34p a year earlier. Chair Stephen White says: "Market volatility driven by political and economic uncertainty has impacted the whole US small cap sector since early 2022, however, the board believes the established small-cap philosophy and rigorous investment process applied by Chris Berrier and his team is the right one in the longer term." During the period, the Russell 2000 Index declines 15%.

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HydrogenOne Capital Growth PLC - London-based hydrogen investment fund managed by HydrogenOne Capital LLP - Net asset value per share at June 30 half-year end rises 1.1% to 96.8 pence from 95.7p at end of December. Pays no dividend during period. "As the first London-listed fund dedicated to clean hydrogen, we are well positioned to capitalise on the opportunities being presented by the rapidly growing sector. The Investment Adviser has developed a significant pipeline of private clean hydrogen investments in excess of GBP500 million, including a near-term pipeline over GBP100 million," company says.

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First Tin PLC - London-based tin development company with projects in Germany and Australia - Pretax loss in six months to June 30 widens to GBP2.1 million from GBP422,147 a year prior. Initial public offering costs amount to GBP505,335. Share-based payments surge to GBP707,100 from GBP14,611. Company floated in April. "In my first interim results as CEO, I am pleased to be able to report on the strong progress made during the period despite several macro-economic challenges," Chief Executive Thomas Buenger says. "We are looking forward to receiving and sharing with the market, regular updates on our extensive drilling programmes both in Australia and Germany as we bring these two flagship assets into production rapidly and I look forward to updating our investors during the next six months."

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IQGeo Group PLC - Cambridge-based geospatial productivity and collaboration software company focused on the telecoms and utility industries - Revenue in six months ended June 30 rises 44% to GBP9.2 million from GBP6.4 million a year prior. Pretax loss narrows to GBP526,000 from GBP959,000. CEO Richard Petti says: "This performance and the platform that we have established gives us the confidence in achieving our expectations for this year. We remain very positive about the outlook for our target markets in the telecommunication and utility industries."

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EKF Diagnostics Holdings PLC - Cardiff-based diagnostics and central laboratory assay maker - Revenue in six months to June 30 falls 2.8% year-on-year to GBP37.5 million from GBP38.6 million. Pretax profit declines 64% to GBP4.1 million from GBP11.4 million. Revenue fell largely down to 51% top-line decline at Contract Manufacturing arm, amid less Covid revenue.

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Feedback PLC - London-based medical imaging software company - In the year that ended May 31, the medical software and system company reports its highest-ever reported revenue and full-year results "significantly" ahead of market expectations. Revenue more than doubles to GBP588,576 from GBP287,415 the previous year. Pretax loss, however, widens to GBP2.5 million from GBP2.1 million. This reflects investment in the development and rollout of Bleepa, company explains. Bleepa is a clinician-facing platform that displays patient results. In addition, company proposes share consolidation. Says ratio will be one new share for every 200 existing. "The directors believe that this capital structure impacts the company's share price as the high number of existing ordinary shares in issue combined with the relatively low price per share is thought to result in excess volatility, reduced liquidity and a widening in the market bid and ask share price spread in the company's shares," Feedback says.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
15 Mar 2024 14:58

British Smaller Cos VCT2 sees positive returns in 2023

(Alliance News) - British Smaller Cos VCT2 PLC on Friday reported annual returns ahead of its benchmark, and lauded its portfolio's performance in a challenging economic environment.

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16 Feb 2024 18:10

IN BRIEF: British Smaller Cos VCT & VCT 2 closes offer applications

British Smaller Cos VCT PLC and British Smaller Cos VCT 2 PLC - Leeds, England-based venture capital trusts - Closes offer to new applications. In September last year, the company launched offers for subscriptions, raising GBP90 million.

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13 Dec 2023 21:14

TRADING UPDATES: Good Energy says ZapMap expands into mainland Europe

(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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24 Nov 2023 14:01

British Smaller VCTs have mixed performances but "promising" future

(Alliance News) - British Smaller Cos VCT PLC and British Smaller Cos VCT 2 PLC on Friday reported good progress in their latest half year and quarter respectively, despite a challenging macroeconomic climate.

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24 Oct 2023 19:21

EARNINGS AND TRADING: Robinson hit by Storm Babet, Altona loss widens

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

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6 Oct 2023 14:04

IN BRIEF: British Smaller Cos VCT & VCT 2 receive offer applications

British Smaller Cos VCT PLC and British Smaller Cos VCT 2 PLC - Leeds, England-based venture capital trusts - Say they have received GBP20 million in applications for its new share offer launched late September, which aims to raise GBP65 million. Says it has an over-allotment facility of a further GBP25 million. Says applicants subscribing for the first GBP20 million will receive additional shares worth 0.25% of the amount they subscribe, with the applicants for the next GBP10 million receiving shares worth an additional 0.125% to the amount they subscribe for.

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13 Sep 2023 19:01

IN BRIEF: British Smaller Companies VCT net asset value unchanged

British Smaller Companies VCT PLC - venture capital truss managed by YFM Equity Partners - Reports an unchanged net asset value of 83.7 pence in the quarter to June 30 compared to the previous quarter, and against the 0.4% fall in the FTSE Small Cap Index during the period. Says total return at June 30 was unchanged at 258.6 pence per share. Notes during the quarter, it invested GBP2.6 million into Workbuzz, an employee insights and engagement settlement platform and GBP0.8 million into Relative Insight. Also realised its investment in Ncam in April, generating initial proceeds of GBP1.4 million.

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2 Aug 2023 13:49

IN BRIEF: British Smaller Cos VCTs to launch new subscription offer

British Smaller Cos VCT PLC and VCT2 PLC - Leeds, England-based venture capital trusts - Announce their intention to launch a new combined subscription offer, in respect of the 2023 to 2024 tax year, later this year. Will publish a prospectus with full details of the proposed offer around the end of September or beginning of October. Will release further information, including the amount to be raised and date of launch, in due course.

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16 Jun 2023 13:52

IN BRIEF: British Smaller Cos VCT2 quarterly net asset value falls

British Smaller Cos VCT2 PLC - venture capital trust - As at March 31, net asset value per share amounts to 59.95 pence each, down from 61.6p on December 31. Says in the quarter to March 31, produces 1.0% return on its opening net asset value of 61.6 pence, compared to a fall of 1.9% in the FTSE Small Cap.

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27 Mar 2023 21:10

IN BRIEF: British Smaller VCT and VCT2 say fundraise hit maximum

British Smaller Cos VCT PLC and British Smaller Companies VCT2 PLC - venture capital trusts - Applications received for GBP75 million reach maximum level amid "strong level of demand ". Offer now closed to new applications.

Read more
20 Mar 2023 17:19

British Smaller Companies VCT and VCT2 see NAV per share growth

(Alliance News) - British Smaller Companies VCT2 PLC on Monday said net asset value per share was up marginally while British Smaller Cos VCT PLC saw a "positive" third quarter.

Read more
20 Mar 2023 17:19

British Smaller Companies VCT and VCT2 see NAV per share growth

(Alliance News) - British Smaller Companies VCT2 PLC on Monday said net asset value per share was up marginally while British Smaller Cos VCT PLC saw a "positive" third quarter.

Read more
14 Feb 2023 19:34

British Smaller Companies VCT's report strong demand for offer

(Alliance News) - British Smaller Companies VCT PLC and British Smaller Companies VCT2 PLC on Tuesday confirmed they will use the over-allotment facility following strong demand for a subscription offer launched in November.

Read more
6 Dec 2022 21:50

TRADING UPDATES: 7digital loan pact; Okyo Pharma files with SEC

(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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25 Nov 2022 12:01

British Smaller and British Smaller VCT2 face "turbulent" conditions

(Alliance News) - British Smaller Cos VCT PLC and British Smaller Companies VCT2 PLC on Friday reported no quarterly net asset value progress amid tough market conditions.

Read more

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