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TRADING UPDATES: Strong interims for Record, Calnex and Victoria

Tue, 23rd Nov 2021 17:51

(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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Record PLC - Berkshire, England-based specialist currency manager - For the six months ended September 30, pretax profit more than doubles to GBP5.2 million from GBP2.6 million, on revenue growing 38% year-on-year to GBP16.3 million from GBP11.8 million. Growth was buoyed by a 5.0% increase in assets under management equivalents to USD84.1 billion as at September 30 from USD80.1 billion at the end of March, with net inflows reaching USD1.9 billion, mainly on new client mandates. Declares interim dividend of 1.80 pence per share, up 58% from 1.15p a year prior.

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TT Electronics PLC - Woking, England-based electronic resistor manufacturing company - For the four months ended October 31, revenue rises 11% higher year-on-year on constant currency basis, as order intake runs well ahead with book to bill of 140%. Order book stands at record levels, and provides strong visibility into 2022. Looking ahead, expects adjusted operating profit to be around GBP35 million for 2021, up 27% from GBP27.5 million.

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Calnex Solutions PLC - provider of test and measurement solutions for the telecommunications sector - For the six months ended September 30, pretax profit rises 18% to GBP2.3 million from GBP2.0 million the same period a year before, on revenue which grew 20% year-on-year to GBP9.3 million from GBP7.7 million, driven by strong demand for telecoms testing equipment. Declares maiden interim dividend of 0.28 pence per share in line with company's intent to implement a progressive dividend policy for the current financial year. Looking ahead, Calnex is confident in meeting market forecasts for the year.

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Appreciate Group PLC - Liverpool-based prepaid card operator - For the six months ended September 30, pretax loss narrows to GBP2.0 million from GBP6.2 million a year before, on revenue which rose 50% year-on-year to GBP41.0 million from GBP24.4 million, due to the realisation of redemptions, which had been deferred due to the lockdown. Compared to the first half of the 2019 financial year, revenue was up 24% from GBP33.2 million. In addition, billings increased 20% to GBP118.2 million from GBP98.8 million a year prior. Declares interim dividend of 0.6 pence per share, up 50% from 0.4p a year before.

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M&C Saatchi PLC - London-based advertising agency - Continues to trade well since last update on September 21. Expects headline pretax profit for 2021 to be ahead of consensus expectations, with both revenue and operating profit margin to beat market forecasts, as a result of strong new business wins.

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Accsys Technologies PLC - wood building products manufacturer - For the six months ended September 30, swings to pretax loss of EUR185,000 from a profit of EUR961,000 a year before, driven by higher operating costs, even as revenue grew 31% year-on-year to EUR56.2 million from EUR42.9 million. Sales volumes increased to 29,555 cubic metres from 26,422 cubic metres a year prior. Looking ahead, expects to meet market expectations, and for the longer term expects further demand for company products.

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Victoria PLC - Worcestershire-headquartered flooring firm - For the six months ended October 2, swings to pretax profit of GBP2.9 million from a loss of GBP4.7 million a year before, driven by a 60% year-on-year rise in revenue to a record GBP489.0 million from GBP305.5 million, due first to the prior period being affected by lockdowns, and contributions from recent acquisitions. Looking ahead, despite expectations of inflation impacting the cost of good sold, still anticipates the next 12 months to be another period of "positive wealth creation" for shareholders.

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Triple Point VCT 2011 PLC - small and medium sized enterprises investor - Venture Share class completes five investments since the end of August for GBP2.3 million, and now holds 30 portfolio companies.

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Gunsynd PLC - London-based investment firm - For the year ended July 31, pretax profit was GBP2.0 million, swinging from loss of GBP991,000 the year before, as income hiked to GBP2.6 million from GBP167,000 on gains from financial investments.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
10 Oct 2023 14:08

IN BRIEF: Gunsynd notes investee Low 6's contract successes in quarter

Gunsynd PLC - London-based company investing in companies and projects within the natural resources, life sciences and beverage sectors - Says investee Low 6 Ltd, a Worcestershire-based creator of iGames for sports rights holders, sportsbooks, consumer brands and media outlets, generated revenue of just under GBP1 million for the quarter ended September 30. It expects to continue on this trajectory during the second quarter. For the year ended June 30, Low 6 reported revenue of GBP54,851, and a pretax loss of GBP18.4 million.

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10 Oct 2023 12:01

Gunsynd upbeat on developments at investee Low6

(Sharecast News) - Gunsynd updated the market on its investee company Low6 on Tuesday, which had reported unaudited revenue just shy of £1m for the quarter ended 30 September.

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2 Oct 2023 12:13

IN BRIEF: Gunsynd notes investee Pacific Nickel mining start

Gunsynd PLC - London-based company investing in companies and projects within the natural resources, life sciences and beverage sectors - Says investee Pacific Nickel Mines Ltd on Sunday started mining of saprolite nickel ore at its Kolosori nickel project on Isabel island in the Solomon Islands. The project is a direct shipping ore nickel laterite project. Pacific Nickels expects the first shipment of ore in November. Gunsynd holds 2.7 million shares in Pacific Nickels, a stake of around 0.7%.

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31 Jul 2023 11:09

Metals One starts AIM trading, Bluejay awaits Black Schist payment

(Alliance News) - Metals One PLC on Monday said it successfully commenced trading in London, prompting congratulations from stakeholder Bluejay Mining PLC, and gave updates for its various projects.

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9 Jun 2023 14:34

TRADING UPDATES: Medica shareholders back takeover; Arecor optimistic

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

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23 May 2023 17:16

TRADING UPDATES: Vela to invest in Tribe Tech; Seraphim NAV down

(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 Apr 2023 17:47

IN BRIEF: Gunsynd investee sees positive results at Canyon-2 well

Gunsynd PLC - London-based company investing in companies and projects within the natural resources, life sciences and beverage sectors - Notes that investee company Omega Oil & Gas Ltd, an ASX-listed energy and resources company, has spudded that Canyon-2 well in Australia. The well reaches a total depth of 3,807 metres. Results to-date are "positive" and have exceeded expectations. The well will now be suspended for completion before hydraulic stimulation and flow testing during the next phase.

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6 Apr 2023 15:37

Gunsynd hopeful of equity recovery as it posts widened pretax loss

(Alliance News) - Gunsynd PLC on Thursday remained optimistic about the impact of interest rate tightening on commodities, despite reporting a wider interim pretax loss from last year.

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5 Apr 2023 15:02

IN BRIEF: Gunsynd notes investee gets loan confirmation for Kolosori

Gunsynd PLC - London-based investment company focused on acquiring companies and/or projects within the natural resources sector, life sciences sector - Notes the announcement by its investee company, Pacific Nickel Mines Ltd, that Glencore International AG has provided it a letter of commitment confirming up to a USD22 million loan facility agreement and amended sales agreement for the Kolosori nickel project in the Solomon Islands. The funds raised through these arrangements with Glencore are expected to be sufficient to meet the pre-production funding requirements of the project, Gunsynd adds.

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17 Jan 2023 21:40

TRADING UPDATES: Future Metals in JV; Gunsynd sells stake in investee

(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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16 Jan 2023 12:50

TRADING UPDATES: t42 IoT Tracking Solutions and Zenova win contracts

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

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4 Jan 2023 11:59

IN BRIEF: Gunsynd says investee allots 13.8 million deferred shares

Gunsynd PLC - London-based investment firm - Says investee Pacific Nickel Mines Ltd completes allotment of 13.8 million deferred shares for AUD0.08 each. Says the deferred shares are from the 85% acquisition in Sunshine Minerals Ltd, which holds 80% of the Jejevo nickel project in the Solomon Islands. As per the transaction announced in August, Gunsynd will receive 1.6 million shares. It now holds 4.7 million shares in Pacific Nickel or 1.3% of its share capital. It no longer has a direct interest in Sunshine Minerals.

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30 Dec 2022 15:28

UK shareholder meetings calendar - next 7 days

Monday 02 January 
no events scheduled 
Tuesday 03 January 
no events scheduled 
Wednesday 04 January 
Thor Mining PLCGM re name change to Thor Energy PLC
Borders & Southern Petroleum PLCGM re fundraising
Thursday 05 January 
AfriTin Mining LtdEGM re name change
Shield Therapeutics PLCGM re share transaction
Friday 06 January 
Gunsynd PLCAGM
  
Copyright 2022 Alliance News Ltd. All Rights Reserved.

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23 Dec 2022 17:05

TRADING UPDATES: Logistics Development buys Alliance Pharma shares

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

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6 Dec 2022 12:37

Gunsynd profit swings to loss; remains funded for foreseeable future

(Alliance News) - Gunsynd PLC on Tuesday said it had suffered from a decrease in the value of its investment portfolio over the financial year, after posting a pretax loss for the period.

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