The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLpa Share News (LPA)

Share Price Information for Lpa (LPA)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 64.00
Bid: 60.00
Ask: 68.00
Change: 0.00 (0.00%)
Spread: 8.00 (13.333%)
Open: 64.00
High: 64.00
Low: 64.00
Prev. Close: 64.00
LPA Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: BSF hails OTCQB entry; Momentum Multi to wind-up

Thu, 25th May 2023 16:58

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

----------

ADM Energy PLC - London-based natural resource investor with assets in Nigeria - Invests in 5 on-shore US oil leases via agreement with OFX Holdings, and buys Blade Oil V LLC for USD1.6 million as part of investment in leases. Blade Oil is a company established as vehicle for the purpose of facilitating the investment. It owns a portfolio of interests in oil and gas projects, with the main focus being a 70% interest participation in an initial three well drilling programme to target shallow oil production in an oilfield in California.

----------

BSF Enterprise PLC - London-based investor in biotechnology - Begins trading OTCQB Venture Market in US, under 'BSFAF' symbol. The company explains: "Trading on the OTCQB market provides BSF with access to one of the world's largest investment markets, expanding the company's reach to a broader pool of investors while creating the potential for greater liquidity in its shares. Shares will also be available to US investors during US trading hours, priced in US dollars. This will ease cross-border trading, with the potential to further enhance liquidity."

----------

Henry Boot PLC - Sheffield-based property developer - Says it has started the year well, trading in line with expectations. Its three key markets - Industrial & Logistics, Residential and Urban Development - are showing signs of recovery. "Against a backdrop of economic uncertainty and increased mortgage costs, house prices have remained resilient," it adds. Says that Hallam Land Management began the year well, anticipating HLM to contribute to the company's sales targets and profit in 2023 and 2024. Company says that it remains cautious due to the current economic environment. Henry Boot says the market expectations are a consensus of GBP37.8 million for pretax profit, which would be 17% lower than GBP45.6 million posted for 2022. "Looking ahead, the group is well placed, supported by a solid balance sheet and a store of opportunities, placing the business in a strong position to achieve its medium-term strategic objectives and growth targets," firm says.

----------

Momentum Multi-Asset Value Trust PLC - London-based investment trust - Proposes to liquidate company through reconstruction scheme. Suspends operation of discount control mechanism, effective immediately. Declares 2.60 pence per share fourth interim dividend, bringing the total to 8.00p, up 11% from 7.20p a year prior. "The board has decided it is in the best interests of shareholders to liquidate the company and give shareholders the option to roll their investment into another investment vehicle or to receive a cash exit at close to net asset value," firm explains. Under proposed terms of the scheme, shareholders will be able to roll over their investments into the VT Momentum Diversified Income Fund, which is an open ended fund that is managed by Momentum Global Investment Management Ltd. Another option for shareholders is to receive cash regarding their investment in Momentum Multi-Asset Value Trust, or a combination of both.

----------

NAHL Group PLC - Northamptonshire, England-based insurance claims management - Notes continued progress since it released its annual results in late March, regarding scaling both of its divisions. Says that in Consumer Legal Services, personal injury enquiries in the first four months of the year were consistent with a year prior, while its National Accident Helpline "delivered a good performance in organic search". Adds that expectations for full year remain unchanged.

----------

LPA Group PLC - Essex-based LED lighting and electro-mechanical systems maker - Hails GBP2 million order from Siemens AG to supply lighting on their Nightjet train for delivery to OBB, which are the federal railways of Austria. Expects production to start later in 2023, with deliveries expected throughout 2024 and early into 2025. LPA's orderbook is now at a"record" GBP36 million.

----------

Panthera Resources PLC - Gold explorer with projects in India and west Africa - Announces completion of phase 2 of its around 10,000 metre drilling programme on Cascades project in Burkina Faso. Highlights release from May 2, when it noted that joint venture partner DFR Gold Inc found 1.83 grammes of gold per tonne at Sina Yar intersections at the project. Panthera Chief Executive Officer Mark Bolton says: "We are encouraged by the consistent mineralisation across the licence area and are working with DFR on the optimal approach for the next phase of drilling."

----------

S&U PLC - Birmingham, England-based motor and property finance lender - Gives update on trading from February 1 to Wednesday. Reports "another strong performance" in the first quarter of financial year, with profit, turnover, debt quality and collections ahead annually. Notes that pretax profit in the period is up GBP300,000 over a year ago, due to higher interest rates and a net receivables book which grows to GBP418 million as at May 24, up 23% from GBP340 million on May 25, 2022. Further, "group collections are excellent, with Advantage, our Grimsby-based motor finance business, reaching a record GBP48 million of regular repayments in the period, up over GBP4 million on the same period last year," S&U says. Anticipates sustainable growth over the coming two years. Firm says that its "consistently good credit quality", among others, justifies new medium-term funding facilities of GBP230 million with its club of banking partners, increasing its total funding facilities by GBP70 million to GBP280 million.

----------

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
12 Nov 2020 15:06

LPA Group trades profitably in second half

(Sharecast News) - LED lighting and electromechanical systems company LPA Group updated the market on its trading on Thursday, reporting that it had traded profitably during the second half.

Read more
15 Oct 2020 12:45

LPA Group wins 'significant' project for new Tube trains

(Sharecast News) - LED lighting and electromechanical systems manufacturer LPA Group announced a "significant" project award, subject to contract, for the UK rail market on Thursday.

Read more
7 Jul 2020 09:15

LPA Group secures three new rail contracts

(Sharecast News) - LED lighting and electro-mechanical system manufacturer LPA Group has been awarded new contract wins for both the UK and export rail markets.

Read more
1 Apr 2020 10:02

LPA Group scales back output in response to Covid-19

(Sharecast News) - LED lightning systems manufacturer LPA Group warned on Wednesday that output would be scaled back as a result of the Covid-19 outbreak.

Read more
18 Mar 2020 15:38

LPA Group trading in line, but warns of looming coronavirus impact

(Sharecast News) - LPA Group said its current trading was in line with expectations on Wednesday, and it had not as yet experienced "any undue impact" from the Covid-19 coronavirus pandemic.

Read more
21 Mar 2019 11:42

LPA Group expecting more active second half after quiet start to year

(Sharecast News) - LED lighting and electrical connecter manufacturer LPA Group confirmed that its year had started quietly on Thursday, following delays to some of the major rail projects it was involved in, including London's Crossrail.

Read more
24 Jan 2019 10:00

LPA Hikes Full Year Dividend Amid Record Revenue, Profit Performance

LONDON (Alliance News) - Industrial LED lighting maker LPA Group PLC hiked its full year dividend Thursday after its profit and revenue rose to new records, meanwhile order intake in the new year

Read more
1 Oct 2018 12:23

LPA Group Reshuffles Board With Immediate Effect, CEO Becomes Chairman

LONDON (Alliance News) - LPA Group PLC said Monday it made several changes to its board with immediate effect.Among the changes, former chief executive officer Peter Pollock was appointed a

Read more
21 Jun 2018 10:29

WINNERS & LOSERS SUMMARY: Shire Rises As FDA Clears Cinryze Expansion

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - up 2.3%, The Irish drugmaker said that it has

Read more
21 Jun 2018 08:15

LPA Group Interim Profit Rises But Warns As Order Book Shrinks

LONDON (Alliance News) - LPA Group PLC on Thursday said profit rose moderately in the first half of its current financial year, but its order book has declined since the start of the second in LPA

Read more
21 Mar 2018 11:38

LPA Moves Christopher Buckenham To Finance Chief Post

LONDON (Alliance News) - LED lighting and electro-mechanical system company LPA Group PLC announced on Wednesday the appointment of Christopher Buckenham as chief financial as

Read more
9 Feb 2017 16:47

LPA issues 35k shares

(ShareCast News) - LPA announced on Thursday that, as part of an exercise of options, it has issued 35,000 new ordinary shares of 10p each. The AIM-traded company said application had been made to the London Stock Exchange for the 35,000 ordinary shares to be admitted to trading on AIM, and admissio

Read more
23 Jan 2017 12:53

LPA Group posts record results for 2016

(ShareCast News) - LED lighting and electro-mechanical system manufacturer and distributor LPA Group announced record results for the year to 30 September on Monday, with continuing strong performance in the start to the current financial year. The AIM-traded company reported sales up 31.7% during t

Read more
27 Sep 2016 12:10

LPA Group projected to exceed market expectations

(ShareCast News) - LED manufacturer LPA Group's shares soared over 13% on Tuesday afternoon after the company said it was likely to exceed market expectations for the year, while the Brexit vote from the EU referendum had not affected its outlook. In a trading update for the year ending 30 September

Read more
30 Jun 2016 09:35

LPA Hikes Dividend After Strong First Half; Cautious Optimism For Year

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.