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UK TRADING UPDATE SUMMARY: Medica Expects Interim Revenue Drop

Wed, 08th Jul 2020 15:19

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

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Medica Group PLC - Hastings-based teleradiology firm - Expects revenue for first half of 2020 to be GBP17.0 million, down from GBP22 million the year before, due to impact of Covid-19 on radiology reporting activity. Reported return to profitability in June, company has not required any government funding to support its business and has not furloughed any stuff. NightHawk services reporting activity returns to 95% of normal levels,

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Craneware PLC - Edinburgh-based healthcare-focused software firm - Expects revenue for the year ended June 30 to remain flat year-on-year at USD71.4 million, with adjusted earnings before interest, taxes, depreciation and amortisation at USD24.5 million, up from USD24.0 million. Enters new financial year with annuity revenue base of USD65 million, and is cautiously optimistic on seeing first signs of sales cycles slowly normalising.

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Diaceutics PLC - Belfast-based diagnostic commercialisation firm - Sales for first half of 2020 up 20% to GBP5.3 million from GBP4.4 million the year before. Reports sustained demand from blue-chip client base, with steady repeat business. Current and pipeline projects uninterrupted by Covid-19 pandemic.

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Distil PLC - premium drinks brands owner - First quarter ended June revenue up 21% year-on-year due to increase in domestic retail sales, but volumes flat on loss of licensed sales of Blavod Black Vodka in Duty Free and Travel Retail. Expects first-half revenue to increase by between 75% to 85%, while operating profit is expected to be between GBP50,000 to GBP70,000.

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Springfield Properties PLC - Scotland-focused housebuilder - Expects revenue for year to the end of May to be GBP144 million, down from GBP190.8 million the prior year, as well as pretax profit of GBP9 million down from GBP16 million. Recommenced operations on site from June 15, and reported record reservation numbers in first week since reopening. For first-quarter of new financial year, sales set to be significantly higher year-on-year.

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Mpac Group PLC - packaging and automation solutions - Expects customer visits and levels of qualified opportunities to increase in second half of 2020 as global travel restrictions ease. Order book as at June 30 at GBP45.4 million, up from GBP39.9 million, with no orders cancelled due to Covid-19.

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Eurocell PLC - window, door and roofline PVC products - Sales for six months of 2020 at GBP91 million, down 31% year-on-year, however recovery evident as sales for month of June were GBP25 million, up 6% year-on-year. Extrusion operations back to normal levels by end of June, and expects production at Eurocell Recycle North to recommence at the end of July, due to increased demand for recycled material.

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Regional REIT Ltd - UK regional real estate investment trust - First quarter rents collection increases to 96.7% from 93.9%, while 78.5% of rent for second-quarter collected. Expects to announce dividend for second quarter of financial year on August 26.

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Ediston Property Investment Co PLC - property investor - For second quarter to the end of June, 75% of rent collected, while for third quarter 74% of rent collected across portfolio.

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Dekel Agri-Vision PLC - West Africa-focused agriculture firm - First shipment of milling equipment for cashew processing project at Tiebissou in Ivory Coast has left Italy, and is expected to arrive in four weeks time. Shipment comprises electrical, dryer, steam roasting and workshop equipment.

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Solo Oil PLC - Tanzania-focused oil & gas firm - Enters conditional asset purchase agreement with Reef Resources Ltd and Levant Exploration & Production Corp for the sale of asset held by Reef and Solo to Levant, subject to due diligence by Levant. In return, Levant will issue equivalent of 1% gross overriding royalty to Solo on any future production revenues.

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Shefa Gems Ltd - Israel-based gemstone miner - Commissioner of Mines at Ministry of Energy renews exploration permit 869B11 for a further year. Renewed 869B13 includes four volcanic bodies on Mount Carmel, Rakefet Magmatic Complex, Muhraka, Har Alon & Beit Oren, Zevulun & west Yizre'el valleys.

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Iconic Labs PLC - new media business - Signs management services contract with Greencastle MM LLP, which in turn bought the JOE media UK business, including the House of Rugby show. Under the contract's terms, Iconic Labs will be paid a monthly management business of GBP50,000, as well as 25% of profit when revenue and profit targets are met.

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Renalytix AI PLC - in-vitro diagnostics company - enters partnership with America's Choice Provider Network, under which it will become a provider under the network, which contracts with healthcare providers and all types and specialities to establish simple and reliable healthcare access and reimbursement arrangements. Renalytix will be able to offer KidneyIntelX testing to diabetic kidney disease patients.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Iconic Labs signs heads of terms deal to acquire ITS

(Alliance News) - Iconic Labs PLC on Monday confirmed its intention to acquire the owner of a Manchester-based fashion retailer.

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6 Feb 2024 15:48

UK shareholder meetings calendar - next 7 days

Wednesday 7 February 
Asos PLCAGM
eEnergy Group PLCGM re disposal of Energy Management division
Future PLCAGM
Hipgnosis Songs Fund LtdEGM re payment of fee to prospective bidders
Mosman Oil & Gas LtdEGM re director participation in placing
Premier Miton Group PLCAGM
Thursday 8 February 
Benchmark Holdings PLCAGM
Compass Group PLCAGM
easyJet PLCAGM
Hargreave Hale AIM VCT PLCAGM
Polar Capital Global Healthcare Trust PLCAGM
Friday 9 February 
Kibo Energy PLCEGM re pre-emption rights for share issues
Victrex PLCAGM
Monday 12 February 
Arix Bioscience PLCGM re takeover by RTW Biotech Opportunities Ltd
JPMorgan UK Smaller Companies Investment Trust PLCGM re merger with JPMorgan UK Smaller Companies
Mears Group PLCGM re authority to buy back up to 10% of shares
Tuesday 13 February 
Cellular Goods PLCAGM
Iconic Labs PLCAGM
JPMorgan Indian Investment Trust PLCAGM
Tui AGAGM including London Stock Exchange delisting vote
Xtract Resources PLCGM re sale of Manica gold project to MMP
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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4 Jan 2024 13:10

IN BRIEF: Iconic Labs refocuses strategy to find acquisition target

Iconic Labs PLC - London-based media and technology business, and owner of LGBTQ+ news website Gay Star News - Intends to refocus strategic efforts on identifying a suitable acquisition target, most likely in the form of a reverse takeover. Says that it will continue to develop Gay Star News while narrowing down the pool of viable acquisition candidate.

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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:

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13 Oct 2023 14:09

IN BRIEF: Iconic Labs completes creditors voluntary agreement

Iconic Labs PLC - London-based media and technology business - Says that the creditors voluntary agreement has been completed and the relevant documents have been filed at and accepted by Companies House.

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18 Sep 2023 19:34

IN BRIEF: Iconic Labs receives valid conversion notice

Iconic Labs PLC - London-based media and technology business - Receives valid conversion notice from the European High Growth Opportunities Securitization Fund. Notes the conversion notice was dated September 14 and provides for 30 convertible notes to be converted into 236,406 shares at a conversion price of GBP0.1269 at the aggregate principal amount of GBP30,000.

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12 Sep 2023 18:41

IN BRIEF: Iconic Labs allots shares to unsecured creditors

Iconic Labs PLC - London-based media and technology business - Announces that 83,256 shares were allotted to unsecured creditors in accordance with the creditors voluntary arrangement dated September 22, 2022. Following the issue of these shares, the issued ordinary share capital is around five million shares.

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25 Aug 2023 18:25

IN BRIEF: Iconic Labs shareholders approve share consolidation

Iconic Labs PLC - London-based media and technology business - Shareholders approve share consolidation. Under the plan, every 10,000 will be consolidated into one, so its share capital now amounts to 4.7 million shares, down from 47.00 billion. It becomes effective on Wednesday. All other annual general meeting motions were backed.

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18 Aug 2023 15:46

UK shareholder meetings calendar - next 7 days

Monday 21 August 
Calculus VCT PLCAGM
Home REIT PLCGM re changes to the investment policy
Tuesday 22 August 
Cake Box Holdings PLCAGM
ReNeuron Group PLCAGM
RUA Life Sciences PLCAGM
Smoove PLCAGM
STM Group PLCAGM
Wednesday 23 August 
Brandshield Systems PLCAGM
James Latham PLCAGM
LifeSafe Holdings PLCGM re shareholder circular
Momentum Multi-Asset Value Trust PLCGM re appointment of the liquidators
Sovereign Metals LtdGM re share placement options
Thor Energy PLCGM re proposed share consolidation
Thursday 24 August 
Ananda Developments PLCAGM
Concurrent Technologies PLCAGM
CyanConnode Holdings PLCAGM
Nuformix PLCAGM
Oryx International Growth Fund LtdAGM
ThomasLloyd Energy Impact Trust PLCAGM
ThomasLloyd Energy Impact Trust PLCGM re market purchases of its own ordinary shares
Friday 25 August 
Honye Financial Services LtdAGM
Iconic Labs PLCAGM
Ormonde Mining PLCAGM
Ormonde Mining PLCEGM re AIM delisting and proposed investment in TRU Precious Metals Corp
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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2 Jun 2023 14:27

IN BRIEF: Iconic Labs says European growth fund signs for GBP180,000

Iconic Labs PLC - London-based media and technology business focused on acquiring companies that operate in online media, artificial intelligence, and big data gathering, processing and analysis sectors - Says that European High Growth Opportunities Securitization Fund has subscribed for a GBP180,000 sixth tranche of convertible notes under the GBP3.0 million financing facility. Takes the total subscribed under the facility to GBP1.0 million. Application is being made for the 1.2 million new shares to be admitted to trading on the main market of the London Stock Exchange around June 8. Following the issue of these shares, company's issued ordinary share capital shall consist of 46.31 billion shares.

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31 Mar 2023 14:51

EARNINGS SUMMARY: Quarto pretax profit up by half; confident for 2023

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

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10 Feb 2023 08:47

Luxembourg-based fund subscribes for notes under Iconic Labs facility

(Alliance News) - Iconic Labs PLC on Friday said Luxembourg-based investment fund European High Growth Opportunities Securitization Fund has subscribed for a GBP150,000 fourth tranche of convertible notes.

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6 Feb 2023 10:43

IN BRIEF: Iconic Labs receives GBP100,000 note conversion notice

Iconic Labs PLC - London-based media and technology business focused on acquiring companies that operate in online media, artificial intelligence, and big data gathering, processing and analysis sectors - Receives conversion notice from the European High Growth Opportunities Securitization Fund on Thursday last week for 100 convertible notes to be converted into 1.23 billion shares at conversion price of 0.0081 pence per share. Total value is GBP100,000.

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2 Feb 2023 22:01

TRADING UPDATES: Dillistone sees revenue growth; Petro plans fundraise

(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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