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Pin to quick picksEthernity Net Share News (ENET)

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TRADING UPDATES: Foresight, LendInvest report annual rise in funds

Fri, 08th Apr 2022 11:13

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

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Foresight Group Holdings Ltd - infrastructure and private equity investment manager - As at March 31, total asset under management up 21% year-on-year to GBP8.7 billion, while funds under management rise 27% to GBP6.5 billion, mainly on organic growth. Total net inflows and performance for the year rise 57% to GBP1.5 billion from GBP900 million. Core earnings before interest, tax, depreciation and amortisation and revenue are set to be in line with management expectations.

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LendInvest PLC - London-based non-bank mortgage lender - For the year ended March 31, platform assets under management - which represents deployed capital - increases 36% to GBP2.15 billion from GBP1.57 billion, through strong demand for the company's Buy-to-Let offering. In addition, funds under management which reflects committed and deployed capital rises 18% year-on-year to GBP2.94 billion from GBP2.49 billion. Due to the levels of FuM over Platform AuM, and in spite of an increased inflationary environment LendInvest expects pretax profit to be in line with market expectations.

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Argo Blockchain PLC - London-based cryptocurrency miner - In March, mines 163 bitcoin, up from 135 BTC in February, meaning that mining revenue for March amounts to GBP5.2 million, up from GBP4.2 million. As at the end of March, the company owns 2,700 bitcoin. Argo also announces the appointment of Seif El-Bakly as chief operating officer.

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Premier Miton Group PLC - London-based asset manager - As at March 31, closing assets under management at GBP12.8 billion, down 7.9% from GBP13.9 billion at the end of December, as net outflows for the second quarter come to GBP216 million from open-ended funds.

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Ethernity Networks Ltd - Israel-based networking and security company - For 2021, pretax loss widens to USD9.2 million from USD6.3 million the year before, driven by an increase in research & development costs and lower gross margin percentage. Meanwhile, revenue grows 42% to USD2.6 million from USD1.8 million, through recent contracts signed, and orders received on customer deployments. Looking ahead, expects significant revenue growth from its FPGA-based programmable system and FPGA SoC, with 2022 contracted revenue standing at USD4.3 million, and USD5.0 million for 2023.

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Vp PLC - Harrogate-based equipment rental firm - For the period since its interim results were issued at the end of November, the company maintains its recovery in trading performance with its core markets of infrastructure, construction and housebuilding providing increasing levels of demand, leading to anticipation of the company's annual results coming in line with management expectations.

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Ramsdens Holdings PLC - Middlesbrough, England-based financial services provider and pawnbroker - For the six months ended March 31, expects to report pretax profit of around GBP2 million, swinging from a loss of GBP133,000. This is due to a recovery of foreign currency volumes with the easing of international travel, and more than 50% growth in jewellery retail revenue on improved merchandising. As at March 31, pawnbroking loan book rises to GBP7.5 million from GBP5.7 million.

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NFT Investments PLC - invests in non-fungible tokens - For 2021, pretax loss widens to GBP2.8 million from GBP39,704 in 2020, due to costs related to the valuations of warrants issued and two separate fund-raising rounds related to the company's IPO. During the year, made seven investments, however generates no revenue due to being a start-up business.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 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.

Read more
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:

Read more
8 Dec 2023 14:54

UK shareholder meetings calendar - next 7 days

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
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
Renalytix PLCAGM
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.

Read more
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.

Read more
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.

Read more
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.

Read more
10 Nov 2023 09:53

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

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

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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.

Read more
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".

Read more
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.

Read more
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.

Read more

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