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UK TRADING UPDATE SUMMARY: DP Eurasia Interim Sales Up On Turkey Rise

Tue, 21st Jul 2020 13:49

(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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DP Eurasia NV - master franchisee of the Domino's Pizza brand in Turkey, Russia, Azerbaijan and Georgia - Group system sales in six months to June 30 up 3.0% year on year to TRY664.7 million, about USD96.92 million, from TRY645.4 million. System sales up 14% in Turkey but down 15% in Russia. Sales up to March 15 - before Covid-19 lockdowns - sales up 20% year on year. From March 16 to June 30, sales down 8.7%. Online system sales in first half up 28% year on year. Total stores up to 754 from 736. "Through our experience during the first wave of the pandemic, we feel more comfortable that a full shut down of our stores in the future would be a very remote possibility. Assuming that we are not faced with significantly worse operational constraints, the group remains confident in its near-term plans for business continuity and cash flow as well as its overall prospects in the longer term," Chief Executive Aslan Saranga said.

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Alliance Pharma PLC - licenses the rights to 90 pharmaceutical and consumer products - Covid-19 hurt first half, with prescription medicines business sales down but consumer healthcare products have continued to be robust. Group see-through revenue for six months to June 30 down 7% year on year at GBP65.3 million. Based on trading in the year to date, the board expects revenue and underlying profit before tax for the full year to be in line with market expectations. Expects further recovery in trading in second half of year.

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Judges Scientific PLC - London-based scientific instrument sector investor - Organic sales in the first half were down 12% year on year. Organic order intake for the 6 months to 30 June was down 17% year on year. The organic order book, at 30 June, was "still satisfactory", Judges said, and represented 10.8 weeks of budgeted revenue against 13.2 weeks at the same point the year before. Judges noted, however, it operated profitably in each of the first six months of this year and generated positive operating cash-flow for the period. As a result, it was able to maintain a robust balance sheet with solid liquidity. Judges notes, despite encouraging signs, it "remains to be seen where and when demand, deliveries and installations will return to normal levels".

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Bloomsbury Publishing PLC - London-based fiction and non-fiction publisher - Seen "strong" trading in first four months of financial year - ended June 30 - with sales growth of 18% year on year. Total revenue in the four-month period was GBP49.5 million versus GBP42.1 million the year before. Print revenues were 9% above last year's sales and consumer division revenues were 28% ahead of last year, with strong print and e-book sales. "Our good May and June performance in particular were unexpected, and historically demand for books has been resilient in times of economic downturns. However, our customers are unclear about what is to follow. Our outlook in the next eight months therefore remains uncertain as the pandemic continues," Bloomsbury said.

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Midwich Group PLC - audio visual distributor - Revenue for six months to June 30 expected down 4% year on year, with a decline in underlying sales of around 22%. Midwich said it has taken actions to reduce operating expenditure meaning it expects be profitable in the first half, but at a level "significantly below" the same period last year. The company said the market conditions for its products and services are likely to remain significantly impacted by the development of the pandemic for the remainder of 2020, but believes it is well placed for future growth.

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Collagen Solutions PLC - developer and manufacturer of biomaterials - Performed "well", and recently finalised a number of contracts, including the Novabone supply agreement announced and a new supply agreement with an existing client for a long-term supply with larger contracted volumes. With the new contract in place, the company now has orders or contracted revenue for financial 2021, together with revenue already recognised through the first three months of the financial year, worth about GBP4.3 million, which is more than double the previous year.

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Kape Technologies PLC - London-headquartered digital security and privacy software business - Traded "strongly" in the first half, in line with internal expectations. Kape benefitted from higher demand for its privacy-based software solutions due to increased remote working and a full six months of contribution from PIA. First half - the six months to June 30 - revenue expected to be double to USD59.0 million from USD29.9 million. Adjusted Ebitda to be about USD16.1 million versus USD5.8 million the year before. Full year revenue expected between USD120 million to USD123 million.

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JKX Oil & Gas PLC - UK-based hydrocarbon exploration and production company - Ukrainian subsidiary Poltava Petroleum Co granted a new special permit for the Zaplavska field - for oil and gas production for a period of 20 years. This permit covers a total area of 173 square kilometres. The previous licence was valid until 2019.

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KRM22 PLC - software investment company - First half hurt by Covid-19 but progress has been made with two new customer wins and cost and debt reduction. June 30 annual recurring revenue of GBP4.0 million, but seen slowed business activity and extended sales cycles as customers and prospects have transitioned to home working and with the increased operational burden resulting from market volatility.

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Bidstack Group PLC - native in-game advertising firm - Revenue for six months to June 30 expected to be about GBP275,000 versus GBP27,000 the year before. Remains confident that it is making material progress in its approach to building a strong foundation on which to grow and create value for shareholders.

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Panoply Holdings PLC - IT service management company - Revenue for 12 months to March 31 expected at GBP31.5 million versus GBP22.1 million the year before. Adjusted Ebitda expected in line with market expectations. First-quarter performance was a "record", with revenue of GBP10.1 million and adjusted Ebitda of GBP1.7 million. "This performance has been achieved through the group's position as an alternative digital transformation provider to the UK public services sector at a time when the increased value provided by challengers has been acknowledged at senior ministerial level," Panoply said. As a result, the company expects full-year revenue and adjusted Ebitda significantly above current market expectations.

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Ergomed PLC - clinical development organisation - Had "excellent" first half, and now expects 2020 adjusted Ebitda materially ahead of current market expectations. First-half revenue up 15% year on year at GBP40.3 million. Overall growth in revenue driven by continued demand for its services across the integrated business, despite the global Covid-19 pandemic. "The continuing sales growth, healthy order book and financing capability position Ergomed firmly for further growth," the company added.

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GSTechnologies Ltd - data infrastructure, storage, and technology services firm - Expects hit from restrictions put in place due to Covid-19. However, the company has been able to access certain support from the government of Singapore including salary subsidies, together with the waiving of foreign worker levies, which will mitigate to a certain extent the impact of the pandemic. Singapore announced a stringent set of preventive lockdown measures initially from April 7 to May 4, but was subsequently extended to June 1. The country moved into Phase 2 of reopening on June 19 but subsidiary EMS Wiring Systems is still unable to be fully operational, and won't be until Phase 3 is triggered in the coming weeks, but has noted a gradual increase in activity.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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23 Apr 2024 13:49

GSTechnologies raises GBP1.3 million through share placing

(Alliance News) - GSTechnologies Ltd on Tuesday announced it has raised funds to contribute towards its GS Money strategy.

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EARNINGS AND TRADING: Zenova's Kitemark award; Carnival's eyes savings

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

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21 Dec 2023 15:32

IN BRIEF: GSTechnologies interim loss narrows as eyes Semnet buy

GSTechnologies Ltd - Milton Keynes, England-based information technology solutions company - Loss narrows 36% to USD737,000 in the six months to September 30, from USD1.2 million a year ago. Posts no revenue in either half-year. Looking ahead, expects completion of cybersecurity business Semnet Pte Ltd by early February. Two weeks ago, GSTechnologies agreed to acquire around 67% of the Singapore-based firm, Semnet Pte Ltd for USD1.8 million.

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6 Dec 2023 11:41

IN BRIEF: GSTechnologies buys majority stake in Singapore-based Semnet

GSTechnologies Ltd - Milton Keynes, England-based information technology solutions company - Agrees to acquire around 67% of Singapore-based cybersecurity firm, Semnet Pte Ltd for USD1.8 million. Says remaining 33.33% shares in Semnet are held by Ong Siew Phek and Lam Pek San, which own 23.33% and 20% respectively. Chair Tone Goh says: "This strategic acquisition represents a further important step in the company's journey. Our commitment to innovation and excellence remains unwavering, and having in-house cybersecurity expertise and capability is important as we continue to build a B2B Neobank providing next-generation digital money solutions. We look forward to providing updates in due course on the progress of this acquisition and the subsequent enhancements it brings to our fintech offerings."

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29 Nov 2023 11:31

GSTechnologies to buy 60% of payments business EasySend

(Alliance News) - GSTechnologies Ltd on Wednesday said it signed an option to purchase agreement to acquire a majority stake in Belfast-based cross-border payments business EasySend Ltd.

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14 Nov 2023 14:19

TRADING UPDATES: Billington on track to beat 2023 expectations

(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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13 Oct 2023 15:49

UK shareholder meetings calendar - next 7 days

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Ashmore Group PLCAGM
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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15 Aug 2023 12:18

GSTechnologies shares up as completes PAYPT Finance acquisition

(Alliance News) - GSTechnologies Ltd on Tuesday said it has completed the acquisition of PAYPT Finance Ltd, a Canadian company holding a Canadian money services business licence.

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31 Jul 2023 13:50

IN BRIEF: GSTechnologies full-year revenue down; loss widens

GSTechnologies Ltd - Milton Keynes, England-based information technology solutions company - Reports revenue of USD2.3 million for the year ended March 31, down 45%from USD4.2 million in financial 2022. Says net operating income of USD443,000, multiplying from USD47,000 the year prior. Says pretax loss was USD1.6 million, widening from USD1.4 million the previous year. Chair Tone Kay Kim says "there is a very bright future for GST", adding that the firm is exploring further acquisition opportunities following its recently proposed purchase of PAYPT Finance Ltd.

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20 Jul 2023 17:19

TRADING UPDATES: RC365 inks agreement; GSTechnologies buys PAYPT

(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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30 Jun 2023 14:07

TRADING UPDATES: Aquila European says no hit from Siemens Energy woe

(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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16 Jun 2023 09:53

IN BRIEF: GSTechnologies stablecoin application to FCA faces delays

GSTechnologies Ltd - Milton Keynes, England-based information technology solutions company - Says UK Financial Conduct Authority stablecoin application continues to be processed, after having been extended beyond anticipated timeframe. Adds, its subsidiary, Angra, continues to perform in line with its expectations.

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17 May 2023 12:40

GSTechnologies raises GBP750,000 for GS Money strategy

(Alliance News) - GSTechnologies Ltd on Wednesday said it has raised GBP750,000 through a placing of 75.0 million shares at a price of 1.0 pence each.

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12 May 2023 14:30

IN BRIEF: GSTechnologies stablecoin application review delayed

GSTechnologies Ltd - Milton Keynes, England-based information technology solutions company - Says the expected final panel review meeting regarding the stablecoin application for admission to the UK Financial Conduct Authority regulatory sandbox will not take place. This is due to "unprecedented" levels of sickness within the FCA team. As a result, the FCA will provide a decision on the application by the end of this month, instead of mid-May as previously announced.

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11 Apr 2023 11:11

IN BRIEF: GSTechnologies notes share rise, FCA application progressing

GSTechnologies Ltd - Milton Keynes, England-based information technology solutions company - Notes recent share price rise and confirms its stablecoin application for admission to the UK Financial Conduct Authority regulatory sandbox continues to progress as expected. Says the sandbox application has been assessed by the FCA, who have verbally indicated that it is eligible for, and undergoing, FCA panel review and further assessment. Expects to receive the decision on the application in mid-May 2023. Says it continues to assist the FCA with their panel review of the sandbox application in the meantime. The application was first announced in late February, while GSTechnologies says it will make further announcements "in due course" and as appropriate.

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