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Pin to quick picksEthernity Net Share News (ENET)

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TRADING UPDATES: Alpha Financial and James Latham hike dividends

Thu, 24th Jun 2021 11:37

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

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Alpha Financial Markets Consulting PLC - London-based consultancy for asset and wealth management industry - Pretax profit for 12 months to March 31 comes in at GBP9.0 million, slipping 3.2% from GBP9.3 million a year prior. Revenue rises 7.9% to GBP98.1 million from GB90.9 million. "We are delighted with the performance of the group over the financial year, with the second half of the year creating further momentum and a very strong pipeline of new business," company says. Hikes payout to 6.95p per share, more-than-tripled from 2.10p a year before. "Alpha's diversified, resilient and growing business model, complemented by strong levels of utilisation and an excellent global pipeline, support the board's confidence in the further growth of the group," says company.

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James Latham PLC - timber and panel products distributor - Posts pretax profit for year to end March of GBP18.6 million, rising 18% from GBP15.7 million a year before. Revenue inches up 1.3% to GBP250.2 million from GBP247.1 million. Declares final dividend of 15.5p per share, up 55% from 10.0p a year prior. "The strong demand seen towards the end of this financial year, has continued into the new financial year, with margins also improving. Global demand for timber products is very strong, being driven primarily by North America, but also from the construction sector worldwide. Many manufacturers have introduced an allocation system limiting the ability for us to grow our volumes... The outlook is difficult to predict, but the current challenging supply situation looks set to continue through 2021, but visibility beyond that is much more uncertain, but we know that the market will change at some point," says company.

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Ethernity Networks Ltd - Israel-based networking and security solutions provider - Sees pretax loss widened to USD6.3 million in 2020, from USD4.5 million in 2019. Revenue rises 46% to USD1.9 million from USD1.3 million. Research & development expenses increase to USD4.0 million from USD2.9 million. "The current year will be both challenging and exciting as the company continues to increase and capitalise on customer engagements, continues to develop and deliver its strategy as well as face the particular challenges, including the Covid-19 pandemic in India and the shortage of components, to grow the revenue delivery from current modest levels, into milestone new contracts," says company.

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SDCL Energy Efficiency Income Trust PLC - investment company - Posts net asset value per share at March 31 of 102.5p, up 1.5% from 101.0p a year prior. Pretax profit rises sharply to GBP32.4 million for the year ended March 31 from GBP11.6 million a year prior. Total payout for year comes in at 5.5p, up 10% from 5.0p. Targets payout of of 5.62p per share for year to March 2022. Says it will continue to seek to build a diversified portfolio for the company "and, particularly, to further diversify in terms of technologies that are compatible with a pathway towards decarbonisation. Beyond combined heat and power, solar, storage and district energy, the Investment Manager is evaluating investments in heat pumps, micro grids, cooling, low carbon fuel for transport (including green gases as well as well as electricity) and hydrogen".

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Keras Resources PLC - mine development in Togo, West Africa and US state of Utah - Reports pretax loss of GBP560,000 in half-year ended March 31, narrowed from GBP809,000 a year before. Revenue comes in at GBP31,000 compared to nothing a year before. Does not declare an interim dividend, unchanged year-on-year. "We have one of the highest-grade organic phosphate mines in the US producing six different fully certified organic products. Our job now, in addition to mining and processing, is to create and cultivate our place in the burgeoning US organic phosphate industry and build our market share turning our initial customers into long-term sales partners. We can adapt our premium, higher-grade phosphate resources to deliver customised products for the specific needs of local soil, climate, and crops with the ultimate aim of generating higher crop yields for our customers," says Chief Executive Russel Lamming.

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First Property Group PLC - property fund manager - Posts pretax loss in year to end March of GBP5.1 million, swinging from a pretax profit of GBP5.5 million a year prior. Revenue slips 26% to GBP12.1 million from GBP16.3 million. Forgoes final dividend, compared to 1.22p per share a year ago. "The outlook is improving but is far from certain. Quantitative easing will no doubt begin to buoy asset values soon; there are signs of it now, even with income under pressure. But the gravitational pull of economic adversity is going to continue for some time yet," says company.

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XPS Pensions Group PLC - pure pensions consultancy - Reports pretax profit for year to end March of GBP11.4 million, up 2.7% from GBP11.1 million a year prior. Revenue increases to GBP127.9 million from GBP119.8 million, driven by strong client demand across all Pensions divisions. Declares full-year dividend of 6.7p, up marginally from 6.6p. "The outlook for the business is positive as we continue to invest in our people and services. In particular, we anticipate strong demand as we help clients address the challenging regulatory environment, including the pending overhaul of funding regulations, GMP equalisation and the consequences of the finalised CMA Review. Our growing new business pipeline also provides an opportunity for us to continue growing our market share," says Co-CEO Ben Bramhall.

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iEnergizer Ltd - IT service management company - Reports pretax profit for year ended March 31 of USD53.5 million, rising 1.7% from USD52.6 million a year before. Total income increases 2.8% to USD200.3 million from USD194.9 million. Pays out 14.12p per share for entire year, up 3.8% from 13.6p. "As we look into fiscal 2022 and beyond, we see a sizeable project pipeline, in both enterprise solutions across the group. These relate to continued development of the course material and Learning Management Systems for the Off-The-Shelf content service, combined with continued solid momentum in our Business Process Outsource segment. We expect the business to continue to deliver on its strategy, and we continue to keep a close eye on our costs, as the revised structure and new initiatives continue to take effect in the content delivery segment. The operational leverage in the business model enables us to capitalise substantially on revenue growth opportunities presented in the pipeline," says company.

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Dekel Agri-Vision PLC - West Africa-focused agriculture company - Posts pretax loss of EUR2.2 million in 2020, narrowed from EUR3.3 million a year before. Revenue rises 7.7% to EUR22.5 million from EUR20.9 million. Does not declare any dividends. "The momentum behind the business continues to build in the current year: our palm oil operations are on course to post another improved set of financial results for the first half; the cashew purchasing programme has commenced in anticipation of the plant at Tiebissou commencing processing in the coming weeks; the post period end long term debt refinancing has extended the maturity of our debt profile and strengthened our balance sheet; and the planned completion of the RSPO certification process for our palm oil operations later this year will potentially highlight the attractiveness of our project and open up export routes," says company.

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Sigma Capital Group PLC - build-to-rent housing provider - Reports pretax profit for six months to end March of GBP4.1 million, up sharply from GBP1.0 million for six months ended June 30 last year. Revenue rises 32% to GBP6.6 million from GBP5.0 million. Does not intend to propose an interim dividend in line with prior years. "These results reflect Sigma's continuing good progress. The recent offer for Sigma by PineBridge Benson Elliot LLP was unanimously recommended by Sigma's Independent Directors as in the best interests of staff, partners and shareholders as a whole, and is now following due process," says company.

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Path Investments PLC - energy and natural resources investment company - Reports widened pretax loss for 2020 of GBP377,103 from GBP317,647 a year prior. Loss per share widens to GBP0.19 from GBP0.16. "In March 2021 the company was delighted to receive the welcome support of new shareholders and certain existing holders in a fund raising with gross proceeds of GBP3.85 million received to accelerate the company's investment strategy. We are currently focussed on one opportunity in particular and anticipate updating shareholders in due course," says company.

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By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
19 Dec 2023 11:21

Ethernity Networks raises GBP700,000 in share placing and subscription

(Alliance News) - Ethernity Networks Ltd on Tuesday said that it has raised GBP700,000 from a share placing and subscription, and it plans to raise a further GBP75,000 from a subscription by the CEO at the same price.

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14 Dec 2023 20:20

EARNINGS AND TRADING: CleanTech raises GBP520,000 in open offer

(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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8 Dec 2023 14:54

UK shareholder meetings calendar - next 7 days

Monday 11 December 
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Pharma C Investments PLCGM re allowing investments in fintech, AI sectors
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Tribal Group PLCGM re cash offer by Tiger Bidco 1 Ltd
Vela Technologies PLCAGM
Tuesday 12 December 
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Distil PLCGM re placing and subscription
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Wednesday 13 December 
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Softcat PLCAGM
Volution Group PLCAGM
Thursday 14 December 
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Driver Group PLCFull Year Results
eEnergy Group PLCAGM
Ethernity Networks LtdGM re authority to allot shares on non-preemptive basis
Fintech Asia LtdAGM
Helium One Global LtdAGM
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Quarto Group IncGM re cancelling trading on London's Main Market
Sareum Holdings PLCAGM
Friday 15 December 
Abingdon Health PLCAGM
Aptamer Group PLCAGM
Bellway PLCAGM
CQS Natural Resources Growth & Income PLCAGM
DCI Advisors LtdAGM
Ethernity Networks LtdGM re subscription agreement
Frontier IP Group PLCAGM
Holders Technology PLCGM re AIM delisting, tender offer
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Schroder Real Estate Investment Trust LtdEGM re proposed amendments to the investment policy
Ultimate Products PLCAGM
Wentworth Resources PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

Read more
7 Dec 2023 14:31

UK shareholder meetings calendar - next 7 days

Friday 8 December 
Amedeo Air Four Plus LtdAGM
Ashoka India Equity Investment Trust PLCAGM
Associated British Engineering PLCAGM
Associated British Foods PLCAGM
Corcel PLCGM re disposal of 41% interest in the Mambare nickel/cobalt project
Hargreaves Lansdown PLCAGM
URA Holdings PLCGM re closing the fundraise
Monday 11 December 
IamFire PLCAGM with vote on name change to WeCap PLC
Pharma C Investments PLCGM re allowing investments in fintech, AI sectors
SigmaRoc PLCGM re reverse takeover
Tribal Group PLCGM re cash offer by Tiger Bidco 1 Ltd
Vela Technologies PLCAGM
Tuesday 12 December 
Atalaya Mining PLCEGM re redomiciliation to Spain from Cyprus
Blackrock Greater Europe Investment Trust PLCAGM
Distil PLCGM re placing and subscription
Gelion PLCAGM
Wednesday 13 December 
Dechra Pharmaceuticals PLCAGM
Limitless Earth PLCAGM
Softcat PLCAGM
Volution Group PLCAGM
Thursday 14 December 
Aeorema Communications PLCAGM
CleanTech Lithium PLCGM re equity raise approval
Driver Group PLCFull Year Results
eEnergy Group PLCAGM
Ethernity Networks LtdGM re authority to allot shares on non-preemptive basis
Fintech Asia LtdAGM
Helium One Global LtdAGM
Marwyn Value Investors LtdAGM
Quarto Group IncGM re cancelling trading on London's Main Market
Sareum Holdings PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

Read more
5 Dec 2023 11:49

Ethernity Networks shares fall as expects narrowed loss, revenue rises

(Alliance News) - Ethernity Networks Ltd on Tuesday said it expected its headline revenue to grow and its loss to narrow in the current year.

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29 Nov 2023 10:45

AIM WINNERS & LOSERS: Solar panel maker Verditek says needs fundraise

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

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29 Nov 2023 10:38

Ethernity Networks shares enjoy uplift on USD800,000 contract win

(Alliance News) - Ethernity Networks Ltd on Wednesday touted a new contract win, after signing with a long-term networking data communications customer.

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29 Nov 2023 09:52

Ethernity Networks shares bounce 200% after contract win

(Sharecast News) - The share price for AIM-listed Ethernity Networks trebled on Wednesday after the Israel-based semiconductor group won a "significant" contract worth $800,000.

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10 Nov 2023 10:47

IN BRIEF: Ethernity shares plummet again on 5G settlement deal

Ethernity Networks Ltd - Israel-based supplier of data processing semiconductor technology for networking appliances - Announces plans to issue 150.0 million new shares to 5G Innovation Leaders Fund LLC, as part of a subscription deal agreed in February 2022. Company has already issued 44.9 million shares, and intends to issue another 43.6 million once it receives notice from 5G Innovation. Company also will seek shareholder approval, at a general meeting scheduled for December 14, to issue a further 61.5 million shares at some point in the future. Ethernity "strongly recommends" that shareholders vote to approve these resolutions, as without approval, it will owe 5G an outstanding debt of USD600,000. This would "seriously adversely impact the company's ability" to exit the temporary suspension of proceedings for which it applied in mid-October, and which was recently extended until December 31.

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10 Nov 2023 09:53

AIM WINNERS & LOSERS: Argentex rises despite "disappointing" outlook

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2 Nov 2023 16:58

LONDON MARKET CLOSE: Stocks buoyant as investors bet rates have peaked

(Alliance News) - Stocks prices soared in London on Thursday as investors bet interest rates have peaked despite the best efforts of central bank officials to curb expectations.

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2 Nov 2023 12:21

LONDON MARKET MIDDAY: Pound up as BoE warns on higher rates for longer

(Alliance News) - Stocks in Europe went into the afternoon on the up, while the pound also rose, as the Bank of England cautioned that monetary policy will need to be "sufficiently restrictive for sufficiently long".

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2 Nov 2023 11:26

IN BRIEF: Ethernity Networks shares jump on contract win

Ethernity Networks Ltd - Israel-based supplier of data processing semiconductor technology for networking appliances - Signs an extended license contract for USD475,000 with a unnamed "tier one US-based military aerospace customer". The firm had received an advance payment of USD80,000 last month, and expects payments for the contract to be received during November and December, bringing the total anticipated revenue to USD555,000. Expects the contract to be fulfilled in the fourth quarter of 2023 and eyes revenue from customer in 2024 through support of the utilisation of the license on multiple platforms and systems. "The company is pleased to continue its relationship with this customer and, whilst there can be no guarantees, the board believes that this extended license contract could open the door for the company to penetrate into other platforms through collaboration with the customer leading to future support and design service revenue," it says.

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2 Nov 2023 11:12

AIM WINNERS & LOSERS: Audioboom celebrates one billion ad impressions

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

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2 Nov 2023 10:07

Ethernity signs extended licence with military aerospace customer

(Sharecast News) - Data processing semiconductor specialist Ethernity Networks announced the signing of an extended licence contract worth $0.48m with an unnamed tier-one military aerospace customer based in the United States.

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