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Pin to quick picksLive Company Share News (LVCG)

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TRADING UPDATES: Jardine Matheson net assets rise, Oberon loss widens

Fri, 28th Jul 2023 16:34

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

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Jardine Matheson Holdings Ltd - Hong Kong-based holding company with interests in retail, property, hotels and motor dealerships - Net asset value per share at June 30 rises to USD100.01 from USD99.47 a year earlier. First half gross revenue falls to USD54.78 billion from USD55.99 billion a year earlier, while pretax profit falls to USD1.96 billion from USD2.10 billion. Interim dividend rises to 60 US cents from 55 cents. Executive Chair Ben Keswick says: "The group delivered a strong overall performance in the first half of 2023, as the business continued its post-pandemic recovery, with overall results exceeding pre-Covid levels seen in 2019...We are encouraged by the results from most of our businesses in the first half and are optimistic that earnings growth will continue in the remainder of the year. The group has a strong balance sheet and will continue to focus on opportunities in its core, growing markets in Asia, to create sustainable long-term growth."

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Oberon Investments Group PLC - investment management, wealth planning and corporate broking group - In the financial year that ended March 31, pretax loss widens to GBP3.9 million from GBP580,814 a year earlier. Turnover falls to GBP5.0 million from GBP6.7 million, while administrative expenses rise to GBP8.7 million from GBP7.5 million. Says it has been a year of investment for the company. Looking ahead, says: "We remain aware of the challenges of a stressed macro-economic environment and all the challenges the UK faces in a period of high inflation and rising interest rates, but we view the Oberon businesses as extremely well-positioned to grow in any market conditions and has the right team and strategy to deliver for shareholders and employees and other stakeholders in 2023 and beyond."

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DP Poland - London-based operator of Domino's pizza stores and restaurants in Poland and Croatia - Non-Executive Director Andrew Rennie to resign with effect from October 1 after his appointment as chief executive officer at Domino's Pizza Group PLC from August 1. Begins a process to identify a replacement non-executive director. As part of his resignation, says the board have agreed Rennie will no longer subscribe for 3.2 milllion second subscription shares, as planned following the acquisition of All About Pizza DOO in July last year. Says Rennie will "remain a committed and supportive shareholder in respect of his current 2% shareholding in the company".

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UniVision Engineering Ltd - Hong Kong-based company that supplies, designs, installs and maintains closed-circuit television and surveillance systems, and also sells security-related products - Receives petition brought by one of its subcontractors KML Engineering Ltd in the High Court in Hong Kong regarding Univision's outstanding debt of HKD2.1 million, or GBP209,863, to KML. KML wishes for UniVision to be wound up as a result. A hearing has been set for September 27. Univision says it continues to negotiate with KML and will defend and oppose the petition. Also notes previous announcement and says it remains in negotiations with potential investors who are looking to make a substantial investment in the company. If a substantial investment was to occur, UniVision says it is confident it will be able to meet the petition, "should this be necessary". Says further announcements will be made "if and when appropriate".

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Europa Oil & Gas Holdings PLC - UK and Ireland-focused oil and gas exploration, development, and production company - Assumes operatorship of licence PEDL343, which holds the Cloughton gas discovery, from Egdon Resources PLC. This follows approval from industry regulator the UK North Sea Transition Authority, effective from Thursday. Egdon also notes transfer of operatorship, which is "part of a process of ensuring that Egdon prioritises core projects whilst ensuring other potentially high value opportunities are progressed at pace". Partners in PEDL343 are now Europa at 40%, Egdon at 40% and Petrichor at 20%. Europa Oil & Gas says the Cloughton field was discovered in 1986 and encountered gas throughout the Carboniferous section. Notes the well tested at rates of up to 40,000 standard cubic feet per day on natural flow. Says: "however, with the right completion and production optimisation techniques, the company believes that a well could flow at 6 million standard cubic feet per day." Chief Executive Officer Will Holland says: "The Europa technical team is now working through the subsurface data to calculate a range of probabilistic recoverable gas volumes and will produce a conceptual development plan for the field, which we believe will demonstrate the material potential value of the licence. There is undoubtedly a significant volume of gas within the structure, which could be brought online relatively quickly and would displace imported gas volumes."

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Live Co Group PLC - Says while "good progress" is being made with its 2022 annual results, these accounts will not be published by Monday next week as previously indicated. Says it will update investors in due course. Last month, Live Co appointed MHA MacIntyre Hudson, part of Baker Tilly International, as its new auditors. At the time, it said that whilst the preparation of its 2022 financial statements have been ongoing, the accounts were unlikely to be published by June 30, as required by the AIM listing rules. Accordingly, the company shares were suspended from early July.

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Science in Sport PLC - London-based performance nutrition firm - Says 45% of shareholders reject annual general meeting resolution on receiving 2022 financial accounts. Meanwhile, 33% reject vote on authorisation to allot shares, 40% reject proposal on non-pre-emptive share issues and 41% reject vote on issuing shares for cash for capital investment. Science in Sport says the latter two votes did not pass as special resolutions. Says the board will engage in discussions "with certain of its major shareholders to better understand their views".

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nanosynth group PLC - London-based company specialising in the synthesis and application of nanoparticles to create new and improve existing products - Says Chief Executive Officer Mark Duffin resigns with immediate effect. Says Gareth Cave will succeed Duffin as CEO while the company continues to consider potential funding options for the business. Trading of its shares on AIM remain suspended. Says furtehr announcements will be made "in due course as appropriate". Last month, nanosynth said it would be unable to publish its 2022 results by June 30, the deadline under AIM rules. As a result, shares remained suspended.

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By Greg Rosenvinge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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2 Dec 2021 14:55

Live Company pleased with progress at Start Art investment

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20 Sep 2021 09:14

Live Company signs new contract with Paisley First

(Sharecast News) - Events and entertainment group Live Company said on Monday that it had inked a new contract with Paisley First for its BRICKLIVE Fantasy Kingdom.

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17 Sep 2021 10:51

Live Company trading 'severely impacted' by Covid-19 restrictions

(Sharecast News) - Events and entertainment group Live Company warned on Friday that it had continued to be "severely impacted" by ongoing Covid-19 restrictions.

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18 Aug 2021 10:43

Live Company locks in Christmas contract with Canterbury Museums and Galleries

(Sharecast News) - Live events and entertainment group Live Company has inked a new Christmas contract with Canterbury Museums and Galleries for its BRICKLIVE Christmas Elf bundle.

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6 Jul 2021 08:30

Live Company strikes new Brickosaurs contract with Singapore Zoo

(Sharecast News) - Live events and entertainment group Live Company has inked a new contract with Singapore Zoo for its BRICKLIVE Brickosaurs collection from 5 November.

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4 May 2021 09:53

Live Company shares slump after agreeing to acquire minority stake in online art sales platform

(Sharecast News) - Media group Live Company said on Tuesday that it has subscribed for a non-controlling stake in online art and digital art sales platform Start Art Global.

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15 Dec 2020 10:59

Live Company inks second contract with John Ball Zoo

(Sharecast News) - Events and entertainment group Live Company has inked a new contract with John Ball Zoo for its BRICKLIVE Supersized tour.

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29 Oct 2020 10:04

Live Company inks two new contracts for Christmas installations

(Sharecast News) - Events and entertainment group Live Company said on Thursday that it has signed new contracts for two sets of Christmas assets with UK shopping centres.

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2 Sep 2020 07:54

Live Company inks deal to take show to Israel

(Sharecast News) - Lego-based events operator Live Company announced on Wednesday that a new contract has been signed for 'Brickosaurs', with Hadran in Israel.

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21 Jul 2020 16:27

Live Company opens Israel event, announced Devon show

(Sharecast News) - Event operator Live Company continued its gradual return to trading on Tuesday, announcing that Holon Toto Arena in Israel was now open, with its 'Bricklive Brickosaurs' show.

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8 Jul 2020 16:32

Director dealings: Live Company chairman ups stake

(Sharecast News) - Live Company Group revealed on Wednesday that chairman David Ciclitira had acquired 2.05m ordinary shares in the AIM-listed children's entertainment and education brand.

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7 Jul 2020 13:48

Live Company makes some serious savings as events restart

(Sharecast News) - Live Company Group said it had made "significant" cost saving initiatives during the second quarter on Tuesday, identifying total savings of £2.1m of overheads and other operating costs against its original budget for the year.

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26 Jun 2020 12:26

Live Company raises £400,000 for 2020 build programme

(Sharecast News) - Media firm Live Company raised £400,000 on Friday as part of a placing of 4.0m new shares at a price of 10.0p each, representing a 20.0% discount to the group's closing price on Thursday.

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19 May 2020 15:52

Live Company withdraws guidance as it looks towards zoo reopenings

(Sharecast News) - Independent LEGO-focussed events firm Live Company Group updated the market on Tuesday, noting that countries including Germany, the Czech Republic and Austria had now opened some zoos.

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30 Apr 2020 13:46

Live Company gets a new Covid loan from NatWest

(Sharecast News) - Live Company has secured additional funding, it announced on Thursday, via a loan of £0.25m from NatWest, under the UK government-backed Coronavirus Business Interruption Scheme.

Read more

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