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TRADING UPDATES: Strong annual results from Springfield, Fiske

Tue, 14th Sep 2021 17:46

(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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Springfield Properties PLC - Scottish housebuilder - For the year ended May 31, pretax profit rises 81% to GBP18.5 million from GBP10.2 million, on revenue growing 51% year-on-year to GBP216.7 million from GBP143.5 million, driven by higher sales and demand in private and affordable housing. Total completes increases to 973 homes from 727, as the average selling price for private housing rises to GBP244,000 from GBP236,000. Declares dividend of 5.75 pence, more than doubled from 2.0p the prior year.

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Harworth Group PLC - Rotherham, Yorkshire-based land regenerator - For the six months ended June 30, swings to pretax profit of GBP80.1 million from loss of GBP3.7 million, due to revaluation gains on properties and assets of GBP105.7 million. In addition, revenue declined 20% year-on-year to GBP18.9 million from GBP23.7 million due to later starts on site in 2020 due to the pandemic. As at June 30, net asset value per share was 167.8p, up from 142.2p the same date the year prior, while the portfolio value stands at GBP748.0 million from GBP618.2 million at the end of December. Declares interim dividend of 0.36 pence per share, up from 0.33p a year prior.

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Aberdeen Smaller Companies Income Trust PLC - invests in UK small-cap stocks - Net asset value total return for the six months ended June 30 was 20.1%, compared to the Numis Smaller Companies excluding Investment Trust index, which returned 17.4%. As at June 30, NAV per share is 413.97 pence, up 19% from 348.91p at the end of December.

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Henderson High Income Trust PLC - pure income trust investing in dividend-paying UK companies - For the first half of 2021, net asset value total return was 12.3%, while its benchmark - a composite made up 80% of the FTSE All-Share index and 20% of the ICE BofAML Sterling Non-Gilts index - returned 8.4%. At the end of June, NAV per share was 171.6 pence, up % from 157.3p at December 31.

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Phoenix Global Resources PLC - upstream oil and gas company - For the first half of 2021, pretax loss narrows to USD3.9 million from USD62.1 million the same period a year before, on revenue which grows 45% year-on-year to USD36.1 million from USD24.9 million. Revenue growth was due to higher oil sales during the period, mainly through the shut-in of production due to Covid-19 in 2020 and the rise in oil prices to USD47.03 per barrel to USD39.19.

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Infrastructure India PLC - investor in infrastructure assets in India's energy and transport sectors - Renewable assets are currently operating in line with expectations due to steady demand for power. As at August 31, cash position stands at USD3.5 million, and the company continues to evaluate options and find alternative sources of financing. As at March 31, expects to report net asset value per share between 10p to 13p. Applies to AIM for three-month extension for its annual results, which is expected to be published in October.

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ThinkSmart Ltd - Australian digital payments platform - For the year ended June 30, pretax profit rises 35% to GBP71.7 million from GBP53.1 million the year before, mainly due to a higher gain on financial instruments on the revaluation of the group's investment in ClearPay Finance Ltd due to a strong performance from the investee. However, revenue dropped 31% year-on-year to GBP4.3 million from GBP6.3 million on a drop in leasing volumes.

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Porvair PLC - Norfolk, England-based filtration and environmental technology firm - Trading for the third quarter ended August 31 is ahead of expectations, with healthy order books in industrial processes, laboratory and aluminium. However, due to supply chain issues, company has deemed it too early to determine its annual performance.

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Good Energy Group PLC - Chippenham, England-based energy company - For the first half of 2021, swings to pretax profit of GBP4.8 million from loss of GBP1.1 million the same period a year before, on revenue which rises 1.4% year-on-year to GBP68.4 million from GBP67.5 million on an increase in customer numbers. Intends to recommend a dividend payment for 2021, and will pay 0.75p per share should the hostile offer by Ecotricity Group Ltd lapse or be withdrawn.

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Ovoca Bio PLC - Women's health-focused biopharmaceutical company - For the six months ended June 30, pretax loss widens to USD3.7 million from USD2.2 million a year before, due to a rise in administrative expenses and the generation of no revenue during the period.

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Kistos PLC - London-based energy sector investor - For the 37 weeks ended June 30, reports pretax loss of EUR5.2 million, on revenue of EUR6.6 million. On a proforma basis following the acquisition of Tulip Oil Netherlands BV, revenue rose 97% year-on-year to EUR33.7 million from EUR17.1 million. despite production falling 28% to 1,598 megawatt hours from 2,230MWh.

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MaxCyte Inc - Maryland, US-based biotechnology company - For the first half of 2021, net loss widens to USD11.5 million from USD6.1 million the year before, due to higher operating expenses through an increased headcount and higher stock-based compensation, as well as a rise in legal expenses. Meanwhile, revenue grows 25% to USD13.6 million from USD10.9 million, through higher sales in cell therapy and drug discovery markets.

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Property Franchise Group PLC - UK-based lettings and estate agency franchising firm - For the six months ended June 30, pretax profit rises 57% to GBP3.1 million from GBP2.0 million the same period a year prior, as well as a 54% increase from the first half of 2019. This is on revenue which more than doubles to GBP11.1 million from GBP5.1 million, on higher managed services fees and increased sales activity. Raises interim dividend by 81% to 3.8 pence from 2.1p. Looking ahead, expects 2021 annual profit performance to be ahead of market expectations.

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Diurnal Group PLC - Cardiff, Wales-based pharmaceutical company focused on hormonal diseases - For the year ended June 30, pretax loss widens to GBP11.5 million from GBP5.3 million the year before due to higher expenses as the company sets up key studies designed to increased the value of Diurnal's pipeline. Revenue declines % year-on-year to GBP4.4 million from GBP6.3 million, driven by a drop in product sales and licensing income.

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Made.com Group PLC - London-based furniture retailer - For the six months ended June 30, pretax loss narrows to GBP10.1 million from GBP15.2 million, as revenue grows 61% year-on-year to GBP171.0 million from GBP106.3 million, driven by a 54% increase in gross sales to GBP213.9 million supported by high levels of market demand. Looking ahead, revenue for 2021 is expects to be around GBP410 million, reflecting a 65% increase.

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Fiske PLC - London-based stockbroker and investment manager - For the year ended May 31, pretax profit is GBP610,000, swinging from a loss of GBP127,000 the year before, on revenue which grows 13% year-on-year to GBP6.1 million from GBP5.4 million.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
6 Sep 2023 20:34

IN BRIEF: Infrastructure India agrees USD10 million equity asset sale

Infrastructure India PLC - infrastructure fund investing directly into assets in India - Agrees conditional USD10 million sale of its 99.99% interest in Distribution Logistics Infrastructure Ltd and its subsidiaries to Pristine Malwa Logistics Park Private Ltd, a wholly-owned subsidiary of Pristine Logistics & Infraprojects Ltd. Consideration also includes up to 33% of Pristine Malwa's issued share capital. The Pristine Group provides end-to-end multi cargo logistics solutions, and services including port handling, road and rail transport, warehousing, shipping, stevedoring, customs handling, and integrated logistics in India and Nepal.

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31 Aug 2023 19:45

TRADING UPDATES: Infrastructure India extends maturity dates on debt

(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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31 Aug 2023 14:52

Infrastructure India extends debt facilities as it looks to sell asset

(Sharecast News) - Infrastructure India (IIP) announced an extension to the maturity dates of its debt facilities on Thursday in a bid to allow it more time to sell its biggest asset, with the extension first applying to the term loan originally announced in April 2019.

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31 Jul 2023 17:31

TRADING UPDATES: MGC Pharmaceuticals granted psilocybin import permit

(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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27 Jun 2023 13:30

IN BRIEF: Infrastructure India extends maturity dates on debts

Infrastructure India PLC - India-focused infrastructure fund - Announces that it has agreed to an extension to the maturity dates of all its debt facilities. These debt facilities include the term loan by IIP Bridge Facility LLC, originally announced in April 2019, carrying an interest rate of 15% per year, which has interest accrued of approximately USD76 million; the working capital loan provided by GGIC Ltd which has interest accrued of approximately USD25 million and an interest rate of 15% per year, and was originally announced in April 2013; and finally the unsecured bridging loan originally provided in June 2017 by Cedar Valley Financial with an interest rate of 12% per year and interest accrued of approximately USD52 million.

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2 Jun 2023 19:36

IN BRIEF: Infrastructure India extends loan maturity date with IIP

Infrastructure India PLC - India-focused infrastructure fund - Agrees an extension to the maturity date of the term loan provided by IIP Bridge Facility. The Term Loan is a USD119 million principal secured facility and was originally announced in April 2019. Says the maturity date of May 31 has been extended to June 30. Adds IIP is engaged in discussions with several third parties regarding the potential sale of its largest asset, Distribution Logistics Infrastructure Ltd, although no definitive agreements have been signed. Explains the maturity extension enables IIP to continue working towards completing a transaction.

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17 Apr 2023 16:34

TRADING UPDATES: Anglo Asian gold output down; Faron hails antibody

(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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17 Apr 2023 11:49

Infrastructure India increases and extends loan facility

(Sharecast News) - Infrastructure India (IIP) announced an $8m increase to its term loan with IIP Bridge Facility on Monday.

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4 Apr 2023 11:22

Infrastructure India agrees $4m sale of Indian Energy subsidiary

(Sharecast News) - Infrastructure India announced on Tuesday that it has agreed to sell Indian Energy Limited (IEL) to FA Power Renewables for $4m.

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30 Mar 2023 16:22

Infrastructure India extends term loan facility by one month

(Sharecast News) - Asset investor Infrastructure India announced an extension to the maturity date of a term loan provided by IIP Bridge Facility on Thursday.

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30 Mar 2023 11:45

Infrastructure India extends loan maturity date by one month to April

(Alliance News) - Infrastructure India PLC on Thursday said it agreed an extension to the maturity date of the term loan provided by IIP Bridge Facility LLC, an affiliate of GGIC Ltd to May 1 from April 1.

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30 Mar 2023 11:30

AIM WINNERS & LOSERS: Trackwise falls as loss wider, cash runway short

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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10 Feb 2023 20:11

IN BRIEF: Infrastructure India confirms has entered no deals for DLI

Infrastructure India PLC - closed-ended investment company focused on assets in India - Notes the recent movement in its share price and the press speculation in connection to its stake in investee Distribution Logistics Infrastructure Pvt Ltd. Confirms that no definitive agreements have been signed, although it engaged in discussions with several parties, including advanced discussions with Pristine Logistics & Infraprojects Ltd.

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18 Jan 2023 15:49

UK shareholder meetings calendar - next 7 days

Thursday 19 January 
Cardiff Property PLCAGM 
Equipmake Holdings PLCAGM
J Smart & Co (Contractors) PLCAGM
Pioneer Media Holdings IncAGM
Scotgold Resources LtdAGM
Friday 20 January 
Appreciate Group PLCGM re acquisition by PayPal Holdings Inc and Court Meeting 
Character Group PLCAGM
Monday 23 January 
Midatech Pharma PLCGM re proposed acquisition of Bioasis Technologies Inc
Tuesday 24 January 
C4X Discovery Holdings PLCAGM
Smiths News PLCAGM
Wednesday 25 January 
City of London Group PLCGM re proposed share distribution and cancellation
Doric Nimrod Air One LtdEGM re special resolution to disapply the pre-emption rights
Infrastructure India PLCAGM
Lowland Investment Co PLCAGM
Majedie Investments PLCAGM
Majedie Investments PLCGM re appointment of the new investment manager
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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21 Dec 2022 16:52

LONDON MARKET CLOSE: Stocks higher as UK retail gets boost from Nike

(Alliance News) - Stock prices in London closed in the green on Wednesday, with the FTSE 100 lifted by retail stocks getting a boost from strong quarterly figures from US sportswear brand Nike in a positive read-across.

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