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Pin to quick picksGusbourne Share News (GUS)

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TRADING UPDATES: DX Group And BATM Expect To Beat Market Forecasts

Mon, 01st Feb 2021 11:16

(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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DX Group PLC - Slough-headquartered courier - Says trading over 27 weeks to January 2 was tracking "materially ahead" of last year up until Christmas. Since then momentum has remained "encouraging" though B2B volumes have been "modestly impacted" by England's national lockdown. "Nonetheless, the board now anticipates that DX will materially exceed current market expectations for adjusted profit before tax for the financial year," says DX Group.

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BATM Advanced Communications - provides technologies for networking solutions and medical laboratory systems - Expects revenue for 2020 to be at least USD180 million, being significantly ahead of upgraded market expectations and representing annual growth of over 45%. Consequently, Ebitda is expected to be "substantially" ahead of market expectations. "The substantial growth over the previous year was driven by the Bio-Medical division. In particular, the Diagnostics unit rapidly developed testing kits in response to the outbreak of Covid-19 and received strong demand throughout the year for its reagents and instruments," BATM notes.

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Staffline Group PLC - Nottingham-based recruitment and training firm - Says company made "significant progress" in 2020, and expects to report underlying operating profit marginally ahead of expectations. Despite the national lockdown in November and restrictions in December, the group still experienced a strong Christmas trading peak, with significant demand from food retail customers. While outlook in the near-term is "not without its challenges", Staffline says it is "cautiously optimistic".

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Gusbourne PLC - Kent, England-based, sparkling wine producer - Says net revenue for 2020 expected to be up 29% to GBP2.1 million from GBP1.7 million in 2019, reflecting previously reported 24% like for like growth in the first half and expected growth of 33% in the second half. "We are delighted to have achieved another year of strong overall sales growth with particularly pleasing performance in the DTC and overseas sales channels," says Chief Executive & Chief Winemaker Charlie Holland.

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IDE Group Holdings PLC - Croydon-based cloud and IT managed services provider - Expects to report revenue of GBP23.6 million for 2020, down from GBP28.2 million in 2019, and adjusted earnings before interest, taxes, depreciation and amortisation of GBP500,000 versus GBP1.1 million the year before. "During the year ended 31 December 2020 the group underwent a programme of cost rationalisation which included further redundancies to reflect the decrease in certain service lines as a result of the Covud-19 pandemic, as well as the ongoing data centre consolidation exercise, the benefits of which are expected to fall in the current year," IDE adds.

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Venture Life Group PLC - Bracknell, Berkshire-based consumer health products - Expects to report 2020 revenue of GBP30.1 million, up 49% on 2019, and adjusted Ebitda "not less" than GBP6 million, which would be more than double 2019's adjusted Ebitda. "Despite the challenges presented by the Covid-19 pandemic, revenues across the business grew significantly in 2020, notably in sales of the VLG Brands, which now represent 50% of revenues, compared to 33% in 2019," Venture Life says.

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Netcall PLC - Hemel Hempstead-based customer engagement software firm - Says the company traded comfortably in line with management expectations during first half of financial year, anticipating year-on-year revenue growth of 9% to GBP13.4 million for six months to December 31. Adjusted Ebitda to grow 38% to GBP2.9 million. "Netcall enjoyed another strong trading performance in the first half of the year, with good demand for both our Intelligent Automation and Customer Engagement offerings across our main markets of financial services, healthcare and public sector," says Chief Executive Henrik Bang.

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United Oil & Gas PLC - oil and gas explorer - Says group working interest production 2,195 barrels of oil equivalent per day in 2020, with total revenue around USD9.0 million to USD9.2 million. Says working interest production in Egypt is forecast to average between 2,300 and 2,500 barrels per day for the first half of 2021. "2020 was a successful year for United, delivering an excellent operational and financial performance, despite a challenging commodity price environment and the global pandemic," says Chief Executive Brian Larkin.

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Seeing Machines Ltd - computer vision technology company headquartered in London - Expects to report revenue of AUD18.1 million for the six months to December 31, up 15% year-on-year. Total connected Guardian units at the end of December was 26,597, securing forward annualised recurring revenue including royalties of AUD15.5 million. Company says it continues to trade in line with expectations for the full-year.

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Jadestone Energy Inc - Asia Pacific-focused oil and gas company - Says it achieved its revised 2020 production guidance target, with full-year output averaging 11,438 barrels per day. The company realised an average oil price of USD44.75 per barrel in 2020, excluding hedging, and generated net revenue of USD217.9 million. Says it has entered into an agreement to hedge around 30% of its production in the first quarter of 2021.

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Oilex Ltd - oil & gas explorer focused on "super basins" in India, Australia and UK - Says plans at Cambay Field, India, to drill two vertical wells are well advanced and sale process being conducted by GSPC for its 55% interest in the Cambay PSC remains ongoing, however, subject to "significant delay" due to the Covid-19. Says gas production from the Cambay Field is currently shut-in and company hopes to reinstate production in the near future.

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Totally PLC - healthcare services provider - Says wholly-owned subsidiary Vocare Ltd has been awarded two additional 12-month contract extensions worth a total of around GBP16.8 million. Vocare will continue to provide Integrated Urgent Care services for the Staffordshire & Stoke Clinical Commissioning Groups and one of Vocare's contracts for the provision of GP Out of Hours services in Yorkshire has also been extended.

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Aura Energy - Australia-based minerals company - Says during quarter ended December, business activities were largely on hold pending discussions to settle ongoing legal disputes and a recapitalisation plan for the company. "With the assistance of a major shareholder, Aura Energy commenced settlement negotiations on the outstanding legal disputes with the shareholder activists and this has been largely successful," says Aura. Company adds that Covid-19 continues to restrict access to its projects.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
31 Jan 2024 13:53

IN BRIEF: Gusbourne sparkling wine sales rise in 2023, narrowing loss

Gusbourne PLC - Ashford, Kent-based sparkling wine maker - Total net revenue for 2023 is estimated about GBP7.1 million, up about 13% from GBP6.2 million in 2022. This is driven by UK wine sales of GBP5.0 million, up about 17% from GBP4.2 million. Gusbourne says international sales rise by about 7% to GBP1.5 million, accounting for 23% of total net wine sales, up from 22% in 2022. Gusbourne also makes revenue from winery tours. Adjusted loss before interest, tax, depreciation and amortisation is expected to have narrowed from GBP1.1 million in 2022, as gross margin increases to about 68% from 59%, thanks to "improved price and sales mix dynamics". Net debt on December 31 is about GBP17.8 million, with refinancing of debt completed last year.

Read more
19 Jan 2024 19:42

IN BRIEF: Gusbourne seals GBP20 million refinancing

Gusbourne PLC - Ashford, England-based sparkling wine producer - Completes refinancing of debt arrangements held with PNC Financial Services UK Ltd and a company associated with Lord Ashcroft, through issue of a new GBP20 million long-term secured deep discount bond. New deal is with a company also associated with Lord Ashcroft, Moongate Holdings Group Ltd. Explains that the GBP20 million proceeds have been used to repay the existing PNC Facility amounting to GBP16.3 million, and repay the short-term unsecured loan of GBP1.5 million plus related fees and expenses of GBP0.6 million. Remaining proceeds will be used for working capital and to support Gusbourne's ongoing growth strategy. Financing issued at a discount of 7.75% per year on quarterly rests.

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17 Jan 2024 13:59

Gusbourne promotes marketing director Jonathan White to CEO

(Alliance News) - Gusbourne PLC on Wednesday announced it has promoted its marketing director, Jonathan White, to chief executive officer.

Read more
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:

Read more
19 Oct 2023 12:01

IN BRIEF: Gusbourne expects highest yield to date with 2023 harvest

Gusbourne PLC - Ashford, England-based sparkling wine producer - Says 2023 harvest is now complete, and is its biggest yield to date. Credits "warm growing season" for the "abundance of fruit".

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28 Sep 2023 11:46

Gusbourne interim loss widens but optimistic for full year

(Alliance News) - Gusbourne PLC on Thursday said it expects "strong" growth in 2023 despite posting an increased loss for the first half of the year amid higher administrative expenses.

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6 Sep 2023 10:04

Gusbourne appoints non-executive director Mike Paul as interim CEO

(Alliance News) - Gusbourne PLC on Wednesday said that a non-executive director, Mike Paul, has been appointed as interim chief executive officer.

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27 Jun 2023 12:15

IN BRIEF: Gusbourne CEO Charlie Holland resigns, board begins search

Gusbourne PLC - Ashford, England-based sparkling wine producer - Says Chief Executive Officer Charlie Holland will be stepping down from his position, with effect from September 6. The board will now begin the search process for a new CEO, and a further announcement will be made in due course.

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22 Jun 2023 15:44

UK shareholder meetings calendar - next 7 days

Friday 23 June 
Cadogan Petroleum PLCAGM
Mears Group PLCAGM
Non-Standard Finance PLCAGM
Ocean Harvest Technology Group PLCAGM
Oxford Biomedica PLCAGM
Pelatro PLCAGM
Petrofac LtdAGM
Princess Private Equity Holding LtdAGM
Rathbones Group PLCGM re agreement regarding all-share combination with Invested Wealth & Investment Ltd
Supply@Me Capital PLCGM re open offer warrantholders
Vietnam Enterprise Investments LtdAGM
VPC Specialty Lending Investments PLCAGM
Monday 26 June 
Aterian PLCAGM
Capricorn Energy PLCAGM
Corre Energy BVAGM
Facilities by ADF PLCAGM
Lexington Gold LtdSGM re proposed acquisition of White Rivers Exploration Ltd
LifeSafe Holdings PLCAGM
Premier African Minerals LtdAGM
Vast Resources PLCGM re issuing new share capital
Volvere PLCAGM
Tuesday 27 June 
Acuity RM Group PLCAGM
Comptoir Group PLCAGM
Creo Medical Group PLCAGM
First Tin PLCAGM
Forward Partners Group PLCAGM
Galantas Gold CorpAGM
Gemfields Group LtdAGM
Golden Prospect Precious Metals LtdAGM
Hamak Gold LtdAGM
ICG Enterprise Trust PLCAGM
Impellam Group PLCAGM
India Capital Growth Fund LtdAGM
Inspiration Healthcare Group PLCAGM
Instem PLCAGM
JD Sports Fashion PLCAGM
Kingfisher PLCAGM
Mercantile Ports & Logistics LtdGM re equity fundraising
Mobile Tornado Group PLCAGM
Revolution Beauty Group PLCAGM
Scottish Mortgage Investment Trust PLCAGM
Serabi Gold PLCAGM
Sondrel Holdings PLCAGM
Surface Transforms PLCAGM
Surgical Innovations Group PLCAGM
Trinity Exploration & Production PLCAGM
Wednesday 28 June 
Atalaya Mining PLCAGM
Avacta Group PLCAGM
Boku IncAGM
Cambridge Cognition Holdings PLCAGM
Cizzle Biotechnology Holdings PLCAGM
Cobra Resources PLCAGM
Cora Gold LtdAGM
Dial Square Investments PLCAGM
Itaconix PLCAGM
NB Distressed Debt Investment Fund LtdAGM
Panthera Resources PLCGM re directors’ authority to allot shares
Phoenix Spree Deutschland LtdAGM
Pineapple Power Corp PLCAGM
Polarean Imaging PLCAGM
RA International Group PLCAGM
Schroder European Real Estate Investment Trust PLCAGM
Shield Therapeutics PLCAGM
St Mark Homes PLCAGM
Star Phoenix Group LtdAGM
ValiRx PLCAGM
Velocys PLCAGM
Vertu Motors PLCAGM
Warpaint London PLCAGM
Westminster Group PLCAGM
Zenova Group PLCAGM
Thursday 29 June 
3i Group PLCAGM
Africa Opportunity Fund LtdAGM
Anemoi International LtdAGM
Anpario PLCAGM
Ariana Resources PLCAGM
Beowulf Mining PLCAGM
Celadon Pharmaceuticals PLCAGM
Cornish Metals IncAGM
East Imperial PLCAGM
East Star Resources PLCAGM
Eden Research PLCAGM
Engage XR Holdings PLCAGM
First Class Metals PLCAGM
Gresham House Energy Storage Fund PLCGM re remuneration policy
Gusbourne PLCAGM
HeiQ PLCAGM
Helios Underwriting PLCAGM
Ingenta PLCAGM
IQE PLCAGM
Kooth PLCAGM
Landore Resources LtdAGM
Let's Explore Group PLCAGM
Likewise Group PLCAGM
MGC Pharmaceuticals LtdGM re issue of convertible notes
Morgan Advanced Materials PLCAGM
NetScientific PLCAGM
New Century AIM VCT 2AGM
Norman Broadbent PLCAGM
Reabold Resources PLCAGM
Rockhopper Exploration PLCAGM
Roquefort Therapeutics PLCAGM
Serica Energy PLCAGM
SpaceandPeople PLCAGM
Symphony Environmental Technologies PLCAGM
Synairgen PLCAGM
Thalassa Holdings LtdAGM
tinyBuild IncAGM
Touchstone Exploration IncAGM
Trident Royalties PLCAGM
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
7 Jun 2023 11:23

Gusbourne narrows loss as revenue grows across all sales channels

(Alliance News) - Gusbourne PLC on Wednesday reported an improved annual loss as it boasted "significant" consumer demand for its wines.

Read more
21 Mar 2023 12:39

IN BRIEF: Gusbourne founder and 'guardian of the vines' leave board

Gusbourne PLC - sparkling wine maker in Kent and West Sussex, England - Three board members step down, while Chief Financial Officer Katharine Berry joins. Founder Andrew Weeber retires as non-executive director, effective immediately. Weeber planted the first vines for Gusbourne after purchasing the Appledore estate in Kent in 2003. Additionally, Jon Pollard, the 'guardian of the vines', leaves the board but remains as chief operating officer. CFO Berry joined Gusbourne in August last year.

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31 Jan 2023 16:05

IN BRIEF: Gusbourne buys more land as sparkling wine sales grow

Gusbourne PLC - Ashford, Kent-based sparkling wine maker - Says trading remains in line with expectations in 2023, after net revenue rose by 48% to GBP6.2 million in 2022 from GBP4.2 million in 2021. Improvement in top line is due to growth in all three main sales channels - direct-to-consumer, UK trade sales, and international trade sales - and a strong Christmas, Gusbourne says. Net debt as of December 31 was about GBP12.5 million. Gusbourne notes it purchased 55 hectares of new land last year, increasing its freehold land to 196 hectares. "With these results, a fantastic harvest in 2022 and further land purchases made during the year, the board continues to look to the future with great confidence as we further strengthen our position as one of the UK's most significant fine wine producers," says Charlie Holland, chief executive officer & chief winemaker.

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27 Oct 2022 14:44

TRADING UPDATES: Gusbourne toasts vintage; Hardide supplies Leonardo

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

Read more
29 Sep 2022 15:09

EARNINGS UPDATES: Crestchic raises outlook on record year-to-date

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

Read more
22 Aug 2022 10:25

IN BRIEF: Gusbourne hires former Atom Supplies director Berry as CFO

Gusbourne PLC - Kent-based sparkling wine producer - Hires Katharine Berry as its new chief financial officer, effective from September 19. Says she is expected to be appointed to the board in due course.

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