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Pin to quick picksFrontier Ip Share News (FIPP)

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UK EARNINGS: PPHE struggles to recover 2019 levels; Foxtons revenue up

Thu, 28th Oct 2021 13:38

(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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PPHE Hotel Group Ltd - Amsterdam-based hotel owner and operator - Revenue for three months to September 30 surges to GBP75.7 million from last year's GBP31.2 million, but still 38% lower than 2019's GBP121.0 million. Occupancy increases to 54.3% in 2021, from 29.8% in 2020 but remains below 2019's 86.7%. Revenue per available room rises to GBP63.1 in 2021 from GBP28.8 in 2020, but still was about half of 2019's GBP116.3. In the nine months to September 30, revenue comes in at GBP101.4 million, up 9.0% year-on-year from GBP93.1 million, but down 63% on 2019's GBP276.3 million.

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Foxtons Group PLC - London-based estate agent - Revenue in nine months to September 30 rises 50% to GBP103.6 million from GBP68.9 million last year, and is 24% higher than 2019's GBP83.5 million. Lettings revenue is up 28% year-on-year to GBP58.0 million. Revenue more than doubles to GBP38.3 million. Mortgage broking revenue is up 25% year-on-year to GBP7.2 million."Foxtons has traded well during the first nine months of the year. In the third quarter we helped record numbers of tenants find suitable properties as many returned to pre-pandemic work or study arrangements. The sales business has had a strong year reflecting market share growth, increasing prices and transaction volumes which have been at their highest levels since 2016. We have good momentum going into the fourth quarter, with rents back to 2019 levels and an under offer sales pipeline that is significantly ahead of 2019 levels," says Chief Executive Officer Nic Budden.

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Rainbow Rare Earths Ltd - rare earth metals projects in South Africa and Burundi - Pretax loss for 12 months to June 30 widens to USD2.7 million from USD2.2 million a year ago. Revenue rises to USD639,000 from USD422,000. Administrative expenses rise to USD2.7 million from USD2.4 million. "This is a very exciting time for Rainbow as we drive forward with the development of Phalaborwa [in South Africa], and I look forward to updating shareholders on further developments as we continue to drive value through the business," says Chair Adonis Pouroulis.

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Predator Oil & Gas Holdings PLC - oil and gas operator in Trinidad, Morocco and Ireland - Posts pretax loss of GBP929,089 for six months to June 30, widening from GBP784,156 last year. Administrative expenses rise to GBP929,070 from GBP572,247. "It is inevitable that our industry will contract unless informed pragmatic and practical action is taken. At company level we are already, and have been for some time, implementing an energy transition strategy focussed on gas and CO2 sequestration," company says.

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HarbourVest Global Private Equity Ltd - Guernsey-incorporated private equity investor - Net asset value per share at July 31 rises 23% to USD44.11 from USD35.97 on January 31. "The six months to 31 July 2021 was an extraordinary period for HVPE. Despite the backdrop, HVPE delivered its strongest NAV per share growth in any interim period. This is testament to the strength of our investment manager, HarbourVest, and the HVPE business model, which offers shareholders broad, diverse exposure to private companies around the world," company says. Positive about the prospects going ahead. "We cannot expect HVPE's NAV per share growth to continue at its recent pace indefinitely, and should anticipate a degree of reversion to the longer-term trend," company adds.

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Intosol Holdings PLC - London-based luxury travel consultants - Pretax loss in first half of 2021 narrows to EUR699,000 from EUR714,000 a year ago. Revenue rises to EUR566,000 from EUR84,000. Cost of sales rise to EUR172,880 from EUR60,134. Says Covid-19 continues to hurt the company, adding that the duration of the impact of the pandemic "is unknown at this time".

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Frontier IP Group PLC - London-based intellectual property commercialisation company - Pretax profit for 12 months to June 30 comes in at GBP10.2 million, rising from GBP4.2 million. Revenue doubles to GBP12.7 million from GBP6.4 million. "The results and the pipeline of companies now scaling up and starting to achieve their commercial potential shows our innovative business model is delivering. We are confident Exscientia's successful IPO is a foretaste of future success. We have a built a strong platform for growth, and so we are confident about our prospects for the coming year and beyond," company says.

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By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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2 May 2024 16:11

TRADING UPDATES: Microsaic wins contract; Frontier inks Canadian deal

(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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12 Apr 2024 14:56

Frontier IP appoints new finance chief

(Sharecast News) - Intellectual property commercialisation specialist Frontier IP announced the appointment of Jo Stent as its new chief financial officer on Friday, effective from 22 April.

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12 Apr 2024 09:53

Frontier IP hires former Argentex CFO Jo Stent as new finance chief

(Alliance News) - Frontier IP Group PLC on Friday said it has hired Jo Stent as chief financial officer, effective April 22.

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14 Mar 2024 20:56

EARNINGS AND TRADING: Castillo losses double; GCP proposes wind-down

(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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29 Feb 2024 18:52

EARNINGS AND TRADING: Frontier IP sells last of Exscientia holding

(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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22 Jan 2024 12:16

Frontier IP portfolio Alusid gets GBP500,000 investment from Octopus

(Alliance News) - Frontier IP Group PLC on Monday said its portfolio company Alusid Ltd has raised GBP500,000.

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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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13 Dec 2023 14:12

Frontier IP's TVG appoints advisory board for herpesvirus vaccine

(Sharecast News) - Intellectual property commercialisation specialist Frontier IP Group announced on Wednesday that its portfolio company, The Vaccine Group (TVG), had appointed an advisory board to facilitate the expansion of its herpesvirus-based vaccine platform.

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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
28 Nov 2023 16:13

Frontier IP chief financial officer to step down in new year

(Alliance News) - Frontier IP Group PLC on Tuesday said its chief financial officer has signalled his intention to step down after 10 years of service.

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31 Oct 2023 14:45

EARNINGS: Frontier IP chair to step down; "busy" Rosslyn narrows loss

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

Read more
23 Oct 2023 20:09

IN BRIEF: Frontier IP acquires Deakin Bio-Hybrid Materials stake

Frontier IP Group PLC - London-based intellectual property commercialisation company - Takes 33% stake in Deakin Bio-Hybrid Materials Ltd. DeakinBio has developed technology, termed BioSintering, to produce advanced bio-based materials from organic waste like chickpea broth or algae, along with widely available inorganic powders like crushed limestone.

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21 Sep 2023 14:32

TRADING UPDATES: Bluejay scraps cash investment in Dundas on testing

(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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11 Sep 2023 18:18

IN BRIEF: Frontier IP's Pulsiv appoints new chair and product officer

Frontier IP Group PLC - London-based intellectual property commercialisation company - Says that its portfolio company, Pulsiv Ltd, has appointed Mark Gerhard as chairman, and Tim Moore as chief product officer. Both will serve as members of Pulsiv's board of directors.

Read more
10 Aug 2023 17:57

IN BRIEF: Frontier IP welcomes investment in portfolio company

Frontier IP Group PLC - London-based intellectual property commercialisation company - Welcomes announcement from Elbow Beach Capital, which is investing GBP1.5 million in Frontier's portfolio company Fieldwork Robotics. The investment is part of an equity funding round by Fieldwork of more than GBP2 million. Fundraising values Fieldwork at GBP6.7 million. As part of the funding round, Frontier has invested GBP172,000 through the conversion of loans and trade debt. Following the conversion, Frontier no longer has any loans or trade debt with Fieldwork and has a 22% stake in the firm.

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