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Pin to quick picksItsarm Share News (ITS)

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TRADING UPDATES: In The Style in fashion; East Imperial toasts US deal

Wed, 19th Jan 2022 16:52

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

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In The Style Group PLC - Manchester-based online womenswear fashion retailer - Says gross order value in eight weeks to December 31, which includes Christmas trading period, rises 41% to GBP15.2 million. Up almost three-fold from two years earlier. Net sales up 22% annually to GBP11.2 million and up more than three-fold from two years earlier. Returns rates have reduced as wholesale arm, which includes partnerships with other retailers including ASOS PLC, performing in line with internal expectations. Expects revenue in range of GBP55 million and GBP57 million for the year ending March 31, in line with market expectations. Company warns industry-wide supply chain strife continuing. Has been forced to turn to discounting to clear some ranges ahead of new launches. Expects adjusted Ebitda margin in range of 1% and 2% as a result of supply chain woe. In addition, company says Paul Masters, chief financial officer and chief operating officer, will step down in March to focus on his health. He joined the company in 2017. Richard Monaghan, director of finance at Victorian Plumbing Group PLC, will take over as CFO. COO role will come under responsibility of In The Style Chief Executive Sam Perkins.

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East Imperial PLC - London-based premium mixers maker - Signs long-term distribution deal with with Republic National Distributing Co, one of largest distributors in US, East Imperial says. RNDC will in March begin distributing to on- and off-trade channels in US states of California, Washington, Colorado, Arizona, Maryland, Illinois, Washington DC & Florida. East Imperial says: "These states have been experiencing rapid growth in demand for premium mixers and represent an opportunity for East Imperial to achieve a step-change in the scale of the business across the US. RNDC already provides distribution for East Imperial's best-selling beverages in California, which has experienced strong sales growth. Following the agreement with RNDC, the US is expected to make up an increasing and significant proportion of East Imperial's revenues." Company says "actively seeking" a bottling partner in US in anticipation of greater demand.

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Science in Sport PLC - London-based sports nutrition firm - Says performs "ahead of expectations" in 2021. Expects to report underlying Ebitda of GBP2.2 million, doubled from GBP1.1 million in 2020. Expects 25% revenue growth to GBP62.7 million from GBP50.4 million. Notes online sales alone surge 40%. "The previous online monthly sales record was exceeded four times in the second half, including setting a new sales record over peak November trading. In the important market of the US, sales increased by 46%. PhD Japan which launched in the first half performed ahead of plan in the second half," Science in Sport says. To report annual results on March 16.

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Centaur Media PLC - London-based business information, events and marketing provider - Says trading has remained strong across the board in fourth quarter of 2021. Expects annual revenue of at least GBP38.5 million, up 19% from GBP32.4 million in 2020. Expects adjusted earnings before interest, tax, depreciation and amortisation margin in excess of 15%, an improvement from 12% in 2020. Both revenue and adjusted Ebitda margin will be ahead of consensus, Centaur says.

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Christie Group PLC - London-based financial, inventory and systems services provider - Expects operating profit for 2021 to be "very significantly in excess of current market expectations". Hails strong end of year showing by Christie & Co, the business broking, valuation and advisory arm. To report annual results in April.

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Argo Blockchain PLC - London-based cryptocurrency miner - Says has transferred 10% of its crypto assets in its "HODL" to Argo Labs. Argo Labs is the company's "in-house innovation arm". It is eyeing opportunities within cryptocurrency and wider blockchain industry. HODL is a term fashion in cryptocurrency industry meaning 'hold on for dear life'.

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Boku Inc - mobile payment and identity company based in California, US - Says volume processed through mobile first payments network rises 18% to top USD8.2 billion in 2021. Revenue for 2021 expected to rise 22% to USD69.0 million. Adjusted Ebitda is to rise 31% to USD20.0 million. In addition, company says it will sell its Boku Identity arm to Twilio for a maximum transaction value of USD32.3 million. "The disposal allows Boku to become a pure-play payments business focusing its resources on exploiting the mobile payments opportunity, particularly to continue to expand its mobile first payments network, a network of local payment methods, including direct carrier billing, eWallets and real time payments," company explains.

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Midwich Group PLC - audio visual technology distributor - Expects revenue of GBP850 million for 2021, up 20%. Says finished year "strongly" and "gross margin improved in line with the board's expectations". Expects adjusted pretax profit of GBP31.5 million, "ahead of previous expectations". Will report annual results on March 8.

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NAHL Group PLC - consumer legal services - Expects revenue for 2021 of GBP38.9 million, a touch below 2020's GBP40.9 million. Expects underlying operating profit to fall 30% to GBP4.0 million from GBP5.7 million. Both figures are in line with board expectations, NAHL says. "Covid-19 continued to have an impact on the group's markets, with government restrictions and cautious consumer behaviour suppressing accident numbers. The results for 2021 reflect a full year of Covid-19 impact," company explains. In addition, NAHL extends revolving credit facility by two years to end of 2024. Limit on facility reduced to GBP20 million from GBP25 million. Facility now linked to "new risk-free reference rate", SONIA, from LIBOR previously. NAHL to report annual results on March 29.

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Conduit Holdings Ltd - Bermuda-based insurance company - Updates on January 1 renewal season for Conduit Reinsurance unit. Estimates renewals amounted to USD262.6 million, rising 70% from USD154.4 million a year prior. Conduit Executive Chair Neil Eckert says: "Conduit Re is benefiting from some of the most attractive market conditions seen in a generation. Our second successful January renewals season reflected the fact that 2021 was the fourth costliest catastrophe year in history for the reinsurance industry and total catastrophe losses for the insurance market over the last five years now amount to over USD500 billion. As a new market entrant with a strong capital base, an unencumbered balance sheet and a forward-looking approach to underwriting, we are well positioned to benefit from continued favourable market conditions."

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Stelrad Group PLC - manufacturer and distributor of steel panel radiators in the UK, Europe and Turkey - Says strong continued into final quarter of 2021, helped by progress strengthening in European markets. "In addition, the wider focus on the decarbonisation agenda and measures to reduce the carbon footprint of the built environment continues to fuel interest in alternative heat sources, resulting in increased awareness of lower temperature heating systems, driving interest in the group's larger radiators," Stelrad says. Steel prices appreciated during quarter, though company says it still aimed to "effectively manage this price volatility". Annual Ebitda is now expected to top previous guidance. Stelrad will announce annual results on March 14.

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Deepverge PLC - Dublin-based environmental and life science group - Says MicrotoxPD chips, coated with Optimer binding agents, can detect three common variants of concern of SARS-CoV-2 virus. "Scientists at the York, UK, Laboratory, have successfully populated the binding agents on the chips using an anti-SARS-CoV-2 antibody, that was raised against the Alpha variant. While variation of detection of all 3 variants was observed, both Delta and Omicron variants had a higher affinity to the Optimer coated chips than Alpha," Deepverge says.

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Yourgene Health PLC - Manchester, England-based molecular diagnostics company - Says Canada unit opens expanded facilities in Vancouver on Wednesday. New facilities are four times larger in size than former location. It is "well suited for the expected growth in the Company's instrument manufacturing and consumable shipping requirements". In addition, Yourgene enters into a three-year GBP5 million loan facility with Silicon Valley Bank. Company says: "The facility will provide access to non-dilutive funding to enable the group to capitalise on future accretive growth opportunities including potential licensing and M&A activity, allowing for faster deal execution and lower transaction costs." Facility has an interest only period until April 2022, following this, interest is payable at "commercially competitive rate".

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
27 Sep 2023 20:44

IN BRIEF: Itsarm shares to be suspended after failing to complete deal

Itsarm PLC - formerly In The Style Group PLC, a cash shell since March after selling its only operating subsidiary In The Style Fashion Ltd - Confirms shares will be suspended from September 28 after failing to complete a transaction which qualifies as an AIM Rule 14 transaction.

Read more
26 Jul 2023 21:46

TRADING UPDATES: Van Elle profit rises; Costain financing pact

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

Read more
24 Jul 2023 09:51

IN BRIEF: Itsarm proposes withdrawal of winding-up petition

Itsarm PLC - formerly In The Style Group PLC, a cash shell since March after selling its only operating subsidiary In The Style Fashion Ltd - Announces that board enters into various conditional agreements comprising a proposal that gives the company a viable alternative to the proposed compulsory liquidation announced in June. The proposal allows Itsarm to continue as a solvent company if the winding-up proposal is withdrawn or dismissed at a court hearing on Wednesday, or by no later than July 31.

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24 Jul 2023 09:47

AIM WINNERS & LOSERS: Itsarm surges on hope of avoiding liquidation

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

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9 Jun 2023 17:03

LONDON MARKET CLOSE: FTSE 100 lower as interest rate decisions loom

(Alliance News) - Stocks in London ended largely in the red on Friday as investors look ahead to a busy two weeks of central bank interest rate decisions with trepidation.

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9 Jun 2023 10:58

Itsarm shares rise after company reveals its winding-up petition date

(Alliance News) - Itsarm PLC said on Friday that a winding-up petition will be heard on July 26, following the announcement on Monday of its proposed compulsory liquidation.

Read more
5 Jun 2023 16:52

LONDON MARKET CLOSE: FTSE 100 down as rally for oil majors loses steam

(Alliance News) - Stocks in London were largely lower at the close on Monday as a rally in oil majors ground to a halt and investors looked to an increasingly "two-speed" economy in the US.

Read more
5 Jun 2023 11:38

TOP NEWS: Itsarm shares plummet as proposes compulsory liquidation

(Alliance News) - Itsarm PLC on Monday said it is proposing compulsory liquidation, after over 60% of shareholders on May 26 voted in favour of voluntary liquidation.

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26 May 2023 16:48

LONDON MARKET CLOSE: US debt ceiling deal optimism lifts FTSE 100

(Alliance News) - Stocks in London were mostly lower at the close on Friday, though the FTSE 100 ended in the green amid glimmers of hope that the impasse in US debt ceiling negotiations may soon draw to an end.

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26 May 2023 12:10

LONDON MARKET MIDDAY: FTSE 100 outperforms on boost from miners

(Alliance News) - Stock prices in London were largely lower at midday on Friday, though the FTSE 100 outperformed, as investors looked to the prospect of further interest rate hikes in the UK, while also tracking developments in the US debt ceiling impasse.

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26 May 2023 11:00

Itsarm surges as shareholders vote against voluntary liquidation

(Alliance News) - Itsarm PLC shares surged on Friday, after shareholders voted against the company placing itself into voluntary liquidation.

Read more
19 May 2023 15:50

UK shareholder meetings calendar - next 7 days

Monday 22 May 
Blackrock Latin American Investment Trust PLCAGM
Crossword Cybersecurity PLCAGM
Judges Scientific PLCAGM
Stelrad Group PLCAGM
Venture Life Group PLCAGM
Tuesday 23 May 
888 Holdings PLCAGM
Access Intelligence PLCAGM
Arix Bioscience PLCAGM
Bank of Ireland Group PLCAGM
Big Technologies PLCAGM
Bigblu Broadband PLCAGM
Centamin PLCAGM
CT Private Equity Trust PLCAGM
Empresaria Group PLCAGM
Epwin Group PLCAGM
Forterra PLCAGM
Fresnillo PLCAGM
Fulcrum Utility Services LtdGM re issue of conversion shares
Gresham Technologies PLCAGM
Harworth Group PLCAGM
Hilton Food Group PLCAGM
hVIVO PLCAGM
HydrogenOne Capital Growth PLCAGM
IQ-AI LtdAGM
JTC PLCAGM
K3 Business Technology Group PLCAGM
Pebble Group PLCAGM
Portmeirion Group PLCAGM
PPHE Hotel Group LtdAGM
Restaurant Group PLCAGM
Shell PLCAGM
Sherborne Investors (Guernsey) C LtdAGM
TMT Investments PLCAGM
Triple Point Income VCT PLCAGM
Triple Point Social Housing REIT PLCAGM
Trustpilot Group PLCAGM
Twentyfour Income Fund LtdAGM
Wickes Group PLCAGM
Xeros Technology Group PLCAGM
Wednesday 24 May 
4imprint Group PLCAGM
Adriatic Metals PLCAGM
Arbuthnot Banking Group PLCAGM
Artisanal Spirits Co PLCAGM
Bango PLCAGM
Coca-Cola Europacific Partners PLCAGM
Deliveroo PLCAGM
Deltic Energy PLCAGM
Distribution Finance Capital Holdings PLCAGM
Dunedin Enterprise Investment Trust PLCAGM
ECSC Group PLCCourt and General Meetings re Daisy Corporate Services Trading Ltd takeover
Empiric Student Property PLCAGM
Fidelity Japan Trust PLCAGM
HICL Infrastructure PLCAGM
Horizonte Minerals PLCAGM
Intertek Group PLCAGM
Ithaca Energy PLCAGM
Kelso Group Holdings PLCAGM
Lookers PLCAGM
M&G PLCAGM
Mercantile Investment Trust PLCAGM
Microlise Group PLCAGM
Mortgage Advice Bureau Holdings PLCAGM
National World PLCAGM
Ondine Biomedical IncAGM
Petershill Partners PLCAGM
Playtech PLCAGM
Quarto Group IncAGM
Real Estate Investors PLCAGM
Tullow Oil PLCAGM
US Solar Fund PLCAGM
Zotefoams PLCAGM
Thursday 25 May 
Alliance Pharma PLCAGM
Biome Technologies PLCAGM
Capital & Regional PLCAGM
Destiny Pharma PLCAGM
Ferrexpo PLCAGM
Fevertree Drinks PLCAGM
Headlam Group PLCAGM
Henry Boot PLCAGM
Hill & Smith PLCAGM
LBG Media PLCAGM
Life Science REIT PLCAGM
LSL Property Services PLCAGM
NAHL Group PLCAGM
Petrofac LtdAGM
Pharos Energy PLCAGM
Prudential PLCAGM
Regional REIT LtdAGM
Resolute Mining LtdAGM
RM PLCAGM
S&U PLCAGM
Sabre Insurance Group PLCAGM
Schroder Asian Total Return Investment Co PLCAGM
TBC Bank Group PLCAGM
Vanquis Banking Group PLCAGM
Zinc Media Group PLCAGM
Friday 26 May 
AG Barr PLCAGM
Argos Resources LtdGM re disposal and cancellation
Bank of Cyprus Holdings PLCAGM
Fox Marble Holdings PLCGM re admission on AIM and acquisition of Eco Buildings Group Ltd
Glencore PLCAGM
Itsarm PLCGM re delisting from AIM
Keywords Studios PLCAGM
Let's Explore Group PLCGM re proposed tender offer to purchase shares
NFT Investments PLCGM re shares purchase
Non-Standard Finance PLCAGM
Old Mutual LtdAGM
Solgenics LtdGM re cancellation from admission to trading on AIM
ThomasLloyd Energy Impact Trust PLCAGM
Unbound Group PLCAGM
XLMedia PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
5 May 2023 15:57

UK shareholder meetings calendar - next 7 days

Monday 8 May 
no events scheduled 
Tuesday 9 May 
Caledonia Mining Corp PLCAGM
Direct Line Insurance Group PLCAGM
Foxtons Group PLCAGM
Hostelworld Group PLCAGM
IWG PLCAGM
Just Group PLCAGM
Midwich Group PLCAGM
Osirium Technologies PLCAGM
Windward LtdAGM
Wednesday 10 May 
abrdn PLCAGM
Antofagasta PLCAGM
Cenkos Securities PLCAGM
Ecora Resources PLCAGM
H&T Group PLCAGM
Harbour Energy PLCAGM
Jupiter Fund Management PLCAGM
Literacy Capital PLCAGM
Luceco PLCAGM
Marshalls PLCAGM
National Express Group PLCAGM
Renewables Infrastructure Group LtdAGM
Rentokil Initial PLCAGM
Seplat Energy PLCAGM
Spirax-Sarco Engineering PLCAGM
TClarke PLCAGM
Thursday 11 May 
88 Energy LtdAGM
Cairn Homes PLCAGM
Capita PLCAGM
Clarkson PLCAGM
Costain Group PLCAGM
Eleco PLCAGM
Eurocell PLCAGM
FBD Holdings PLCAGM
Genedrive PLCGM re Equity Prepayment Facility
Genel Energy PLCAGM
Gresham House PLCAGM
Gym Group PLCAGM
Hiscox LtdAGM
Irish Continental Group PLCAGM
John Wood Group PLCAGM
MyHealthChecked PLCAGM
OSB Group PLCAGM
Poolbeg Pharma PLCAGM
Rolls-Royce Holdings PLCAGM
Serinus Energy PLCAGM
Uniphar PLCAGM
Videndum PLCAGM
WAG Payment Solutions PLCAGM
Friday 12 May 
Balfour Beatty PLCAGM
Derwent London PLCAGM
Goodbody Health LtdAGM
GreenRoc Mining PLCAGM
Hutchmed (China) LtdAGM
Itim Group PLCAGM
Itsarm PLCGM re delisting from AIM
Wheaton Precious Metals CorpAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

Read more
26 Apr 2023 12:40

Itsarm plummets as seeks shareholder approval for liquidation

(Alliance News) - Itsarm PLC shares plunged on Wednesday, after it announced plans to place itself in liquidation and cancel its shares from trading on London's AIM.

Read more
29 Mar 2023 18:19

TRADING UPDATES: UIL sells holdings in both AssetCo and BNK Banking

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

Read more

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