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Pin to quick picksGresham Share News (GHT)

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UK TRADING UPDATE SUMMARY: Omega Diagnostics Signs Antibody Test Deal

Mon, 20th Apr 2020 12:54

(Alliance News) - The following is a round-up of updates by London-listed companies on the impact of the Covid-19 pandemic, issued on Monday and not separately reported by Alliance News:

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Omega Diagnostics Group PLC - immunoassay and in-vitro diagnostics firm - Signs material transfer agreement with Mologic Ltd to provide manufacturing capability for Mologic's Covid-19 first generation ELISA diagnostics test. The MTA formalises Omega's access to raw materials and know-how to manufacture Mologic's diagnostic test at scale, using Omega's ELISA manufacturing facility in Cambridgeshire. Mologic's test has been part-funded by the UK government.

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Gresham Technologies PLC - real-time transaction and enterprise data software - Ability to generate new revenues to the levels planned for financial 2020 remains "unclear", but has 84% of guided revenue from business already won and renewals. New business activity has slowed in past two months. Confident of achieving adjusted Ebitda guidance. Held no debt at March 31 with cash of GBP6.8 million.

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Renalytix AI PLC - artificial intelligence and robotics - Its KidneyIntelX platform will be used by investigators from the Icahn School of Medicine at Mount Sinai, in New York City, to assess the risk of adverse kidney events in patients diagnosed with Covid-19.

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NAHL Group PLC - consumer legal services - At December 31, net debt stood at GBP21 million with a GBP25 million credit facility committed until December 2021. At 31 March, net debt remained at GBP21 million, and NAHL believes it can manage net debt within its current headroom. Furloughed about third of staff. Critical Care unit has remained "resilient". However, the Personal Injury unit has suffered a more significant reduction in enquiries and the Residential Property unit has suffered in line with the UK property market. These challenges, NAHL says, will hurt the company in both the short- and long-term. Looking to significantly cut annualised costs. Will report 2019 results in last week of April.

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SysGroup PLC - IT services and cloud software - Trading for financial 2020 in line with management expectations. Expects to report revenue for year ended March 31 of GBP19.5 million, up 53% year on year. Expects adjusted Ebitda to double to GBP2.8 million. Not directly hit by Covid-19 but unable to give financial 2021 outlook.

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Proactis Holdings PLC - cash management software - Revenue, profitability, cash flow and net debt remain in line with management's expectations and have not been materially affected Covid-19. Organic growth in annual recurring revenues of buyer subscriptions from January 31 has been maintained.

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Flowtech Fluidpower PLC - technical fluid power product supplier - Expects to provide first quarter update on April 21 and 2019 results within two weeks of that. For 2019, Flowtech expects underlying pretax profit of GBP8.9 million, with net cashflow of GBP13.2 million and net debt of GBP16.6 million.

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Feedback PLC - medical imaging technology - Flagship imaging platform Bleepa to be rolled out across Pennine Acute Hospitals NHS Trust hospitals, with immediate effect.

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Triple Point Income VCT PLC - renewable energy investor - For C and D share classes, expects investments to maintain normal commercial operations as the majority are hydroelectric assets. E share class invests in Gas Power and Rooftop Solar assets. Gas Power will be hurt by Covid-19, with a drop in power consumption. Rooftop Solar investments, Triple Point says, is expected to remain normal operations. Vertical farming investee Perfectly Fresh Cheshire continues to grow and deliver product.

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BMO Real Estate Investments Ltd - real estate investor - March 31 NAV per share 99.7p, down from 102.6p at December 31. Decrease represents heightened uncertainty of property valuations amid Covid-19. Collected 69% of rent due in current quarter. Quarterly dividend payments under review. Holds about GBP13.5 million in cash, with undrawn credit facility of GBP20 million.

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AEW UK REIT PLC - real estate investor - Will pay 2.0p interim dividend for three months to March 31, in line with 8.0p annual target. March 31 NAV per share 93.13p compared to 97.24p at the end of 2019. Occupancy up slightly to 96.32% from 96.14%. As of last Friday, received 65% of rent for current quarter. Confident in "strong" underlying portfolio.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
24 Apr 2014 11:58

DIRECTOR DEALINGS: Kestrel Acquires More Shares In Gresham

LONDON (Alliance News) - Gresham Computing PLC said Thursday it has received notification from Kestrel Opportunities, part of Guernsey Portfolios PCC Ltd, that it acquired 37,500 shares at a price of GBP1.26 on Wednesday. This follows from Kestrel's earlier acquisition of 25,000 shares in G

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22 Apr 2014 09:24

DIRECTOR DEALINGS: Kestrel Acquires Shares In Gresham Computing

LONDON (Alliance News) - Gresham Computing PLC said Tuesday it has received notification from Kestrel Opportunities, part of Guernsey Portfolios PCC Ltd, that it acquired 25,000 shares at a price of GBP1.26 on Thursday. Kestrel Partners LLP, in which Gresham Non-Executive Director Max Royde

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26 Mar 2014 15:54

Carnival Chairman reduces stake by around a quarter

Micky Arison, the long-standing Chairman of cruise line operator Carnival Corp., docked a batch of shares earlier this week ahead of its better-than-expected first quarter trading update. Arison offloaded 525,348 at $40.09 each, reducing his stake to 104.52m shares. The group on Tuesday reported

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19 Mar 2014 10:23

Gresham Computer Confident For 2014 As Pretax Profit Rises

LONDON (Alliance News) - Gresham Computing PLC Wednesday expressed confidence for 2014 as it saw pretax profit rise slightly on higher revenue, boosted by sales of its financial transaction technology platform. The company posted a pretax profit of GBP1.7 million, up from GBP1.6 million, as

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19 Mar 2014 07:51

Gresham Computing annual sales up by a third

- Total revenue increases 36 per cent - Bumper CTC software sales - Strong outlook for 2014 and beyond Specialist software house Gresham Computing delivered a robust set of annual results following strong demand for its products and said the outlook for 2014 and beyond is strong. Total revenues ro

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4 Feb 2014 10:25

Gresham Computing Says Trading Strengthened, Confident For 2014

LONDON (Alliance News) - Gresham Computing PLC Tuesday said its trading had strengthened as expected in the second half of 2013, driven by strong growth in revenues for its Clareti transaction control software, and said it's confident for this year after the recent expansion of its international

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4 Feb 2014 08:29

UK MORNING BRIEFING: Shares Open Lower; Ocado Losses Widen

LONDON (Alliance News) - UK shares have opened lower Tuesday amid continued worries about the US economy.

Ocado shares are down 4.5% as it reported a wider pretax loss for 2013, though the online grocer said it expects to reach profitability this year.

Br

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3 Dec 2013 16:48

STOCKS NEWS EUROPE-UK AIM index ends down 0.8 pct as Daisy falls

Britain's junior-listed AIM shares fall 0.8 percent, lagging the FTSE small cap index, down 0.3 percent. AIM-listed Daisy Group falls 2.5 percent as the voice-and-data services company sees its net loss widen to 3.90 pence per share in the six months to September, from 3.59 pence per share

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18 Nov 2013 11:01

Gresham Computing Reports Strong Progress For CTC Product

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31 Oct 2013 18:21

DIRECTOR DEALINGS: Gresham Computing Says Kestrel Opportunities Buys Shares

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26 Jul 2013 14:35

Gresham grabs big bank contract

Real-time financial software provider Gresham Computing has won a 20-year global contract with a leading bank. The FTSE Fledgling company said that a "leading Tier 1 bank" had signed up Gresham to provide its Clarity Transaction Control (CTC) technology for use in its wholesale banking business glo

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3 Jun 2013 14:26

Gresham Computing reports contract win

Gresham Computing, the specialist provider of software-based solutions that enable customers to achieve real-time financial certainty in transaction and cash management, has reported a contract win. On May 15th, the group announced that it was engaged in a number of paid projects with global financ

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11 Mar 2013 13:47

Gresham Computing sells Banking and Lending business

Gresham Computing has completed an agreement to sell its 100 per cent equity share interest in Gresham Computing Inc (Canada) (GCIC) to BITSS Global Inc. (Bevertec) for a total consideration of 0.5m pounds. GCIC is registered in Ontario and is a provider of banking and lending solutions predominant

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7 Nov 2012 08:55

Gresham Computing delivers rise in revenue and profits

Gresham Computing, which provides software solutions to financial institutions, has reported a rise in both revenue and profit and told investors it is feeling confident in its outlook. In the period between July 1st and November 6th, revenue rose 6% from £8.5m to £8.9m, with annuity income up 15%

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7 Aug 2012 10:23

Sales growth reverses at Gresham

Gresham Computing, which provides software solutions to financial institutions, saw top-line disappear in the second quarter. The picture over the six months period does not look too bad for the company. Profits for the six months ended June 30th increased 25% to £0.71m from £0.57m in the first hal

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