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Pin to quick picksMears Share News (MER)

Share Price Information for Mears (MER)

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Share Price: 366.50
Bid: 356.50
Ask: 366.50
Change: 7.50 (2.09%)
Spread: 10.00 (2.805%)
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Prev. Close: 359.00
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UK TRADING UPDATE SUMMARY: Virus Hits Mears But Tristel Gets Boost

Wed, 22nd Jul 2020 17:57

(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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Mears Group PLC - services provider to the UK's housing sector - Expects revenue from continuing activities in the first half to June 30 to fall 7.7% annually to GBP405 million from GBP439 million. Expects a pretax loss on continuing activities and before the amortisation of acquisition intangibles to be around GBP6.0 million, swinging from a GBP16.7 million profit. Expects a recovery in activity in second half, assuming Covid-19 infection levels remain low.

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Tristel PLC - Cambridgeshire-based manufacturer of infection prevention products - Results for year ended June 30 will be ahead of market expectations, with revenue coming in at GBP31.6 million, a 21% increase, and adjusted pretax profit rising at the same rate to GBP6.8 million. During the final four months of the year when Covid-19 impact was it its greatest, sales rose 30% annually.

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Barkby Group PLC - owner of businesses in real estate, consumer & hospitality and life sciences sectors - Withdraws forecast of Ebitda of GBP3.5 million for year ended June 30, due to Covid-19. Also secures GBP1 million loan under UK's coronavirus business interruption scheme. Notes Commercial Property Development completed construction of Hastings development in June. Hospitality arm made "positive" start to 2020 before Covid-19 interruption.

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Itaconix PLC - polymers maker - Expects revenue growth of 80% to USD1.1 million in six months to June 30. Notes several customers have boosted size of recurring orders due to increased demand amid Covid-19.

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Boku Inc - US-based mobile payments solution provider - Revenue for six months to June 30 expected to be at least USD24.7 million, a rise of 5.1% from USD23.5 million reported a year ago. Annual earnings before interest, tax, depreciation, and amortisation are expected in line with expectations and 65% higher from 2019.

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MobilityOne Ltd - e-commerce infrastructure payment solutions and platform provider - Says 50%-owned remittance firm OneTransfer Remittance Sdn Bhd signs money transfer agreement with MoneyGram Payment Systems Inc. Agreement means OTR customers can send money on MoneyGram platform.

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Blancco Technology Group PLC - data erasure firm with a sales office in Hertfordshire - Despite Covid-19 lengthening sales cycles, performance in year to June 30 was in line with market expectations with revenue inching 9.5% higher to GBP33.4 million from GBP30.5 million. Adjusted operating profit tipped to rise 14% to GBP4.0 million.

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Cloudcall Group PLC - cloud-based software firm with offices in Leicester, Sydney and Boston, US - Says revenue in six months to June 30 up 11% annually to GBP5.8 million. Recurring subscriptions up 20% to GBP5.1 million and users up 19% to 43,815.

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Quixant PLC - Cambridge-based technology outsourcer for gaming industry - Says key gaming unit sees "minimal" order over past three months as most clients closed due to Covid-19. The Densitron business unit however, has "experienced healthy demand from a range of industrial sectors".

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Empresaria Group PLC - West Sussex-based staffing firm - Profitable in both quarters during the six months ended June 30, despite Covid-19. Second quarter net fee income plunged 39% annually, contributing to a 22% fall in the whole of the first half to GBP28.2 million from GBP36.3 million. Made cost savings however, second quarter expenses were 30% lower year-on-year, after the first quarter when they fell 23%.

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Anexo Group PLC - Liverpool-based legal services provider - Trading continuing in line with expectations and plans to reinstate financial guidance for 2020 in its August interim report. Note some staff in its Bond Turner legal services division are returning to office working as Covid-19 lockdowns ease.

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Avacta Group PLC - Wetherby-based biotherapeutics firm - To begin clinical validation of Covid-19 laboratory test being developed by US-based Adeptrix as part of a UK government scheme.

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Resolute Mining Ltd - gold miner with assets in Senegal and Mali - Gold poured in quarter ended June down 3.2% to 107,183 ounces from 110,763 ounces in March. On track for 430,000 ounces poured in 2020.

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Alba Mineral Resources PLC - mineral exploration and development company with gold asset in Wales - Notes work activity as resumed at Clogau gold project, Wales following Covid-19 lockdown. Says priority for summer 2020 is completing underground bulk sampling programme, upon receipt of regulatory consent.

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Pure Gold Mining Inc Canada-based gold mine developer - Ontario Ministry of the Environment, Conservation & Parks approves and issues amended environmental compliance approval for air and noise emissions at Red Lake mine.

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Danakali Ltd - potash miner - Reports that notice of commencement of mine development at Colluli asset accepted by Eritrean Ministry of Energy & Mines.

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Predator Oil & Gas Holdings PLC - Jersey-based oil and gas company - Has made an offer to acquire Columbus Energy Resources PLC's stake in Inniss-Trinity CO2 project in Trinidad. Predator has option acquire interest for USD4.2 million but Predator's offer totalled USD1.8 million, so Columbus rejected.

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Jangada Mines PLC - natural resources company with vanadium asset in Brazil - reports "overwhelming success" from drilling campaign at its Pitombeiras vanadium project, Brazil. Received final five assay results received from the Goela target at project.

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Bluejay Mining PLC - explorer with assets in Greenland and Finland - Says agreement with "multinational commodity trading firm" at Dundas ilmenite project has increased. Offtake pact up 50% to between 250,000 and 300,000 tonnes per year, extending agreement by three months to October 31.

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Great Western Mining Corp PLC - mineral explorer with gold project in Nevada - Notes initial work has begun at the Trafalgar Hill, West Ridge and Rhyolite Dome targets at the Olympic Gold project in Nevada.

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Gunsynd PLC - London-based investment firm - Invests AUD200,000, about GBP110,000, in Eagle Mountain Mining Ltd, a copper and gold explorer. Forms part of Eagle Mountain's AUD3.0 million wider fundraising. The funds will finance a surface diamond drilling programme at its Oracle Ridge copper mine project.

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Dekel Agri-Vision PLC - West African focused agriculture company - Reports milling equipment for a cashew processing plant it is developing in Cote d'Ivoire has arrived at port of Abidjan from Italy as planned.

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Altus Strategies PLC - mining royalty firm - Reports preliminary economic assessment at Diba gold project, Mali. Reports a pretax net present value of USD115 million and a post-tax net present value of USD81 million.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
11 Jan 2024 10:34

Mears shares rise as set to exceed market forecasts for 2023 and 2024

(Alliance News) - Mears Group PLC on Thursday said it expects its 2023 results to beat market expectations.

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11 Jan 2024 09:54

SMALL-CAP WINNERS & LOSERS: Mears to outperform market expectations

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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22 Dec 2023 18:34

IN BRIEF: Mears Group completes buyback of 4.9 million shares

Mears Group PLC - Gloucester, England-based housing and social care provider - Completes second share buyback programme, over the course of which it purchased and cancelled 4.9 million shares at an average price of 270.9 pence, representing around 4.7% of the group's issued share capital. When combined with the first buyback programme, Mears has purchased and cancelled 12.2 million shares at an average price of 272.7p, representing 11% of the its share capital at the start of the year, a return of surplus capital of GBP33.2 million.

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14 Dec 2023 16:44

IN BRIEF: Mears names chief executive officer, effective from new year

Mears Group PLC - Gloucester, England-based housing and social care provider - Names Lucas Critchley as new chief executive officer from January. Says this complete board transition beginning in May 2022, when incumbent CEO David Miles signalled his intention to retire. Miles will now formally step down at the end of December. Says Miles will "remain a key member of the senior management team and has committed to continue to provide support to the business over the medium term with particular focus on key client engagement, operational support and driving commercial performance".

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24 Oct 2023 20:21

TRADING UPDATES: System1 revenue jumps; Volex takes cyber hack charge

(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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20 Oct 2023 15:44

UK dividends calendar - next 7 days

Monday 23 October 
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10 Oct 2023 20:17

IN BRIEF: Mears Group share premium account cancellation all but done

Mears Group PLC - Gloucester, England-based housing and social care provider - Proposed cancellation of share premium account sanctioned by High Court of Justice of England & Wales.

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3 Oct 2023 12:24

Mears Group launches additional GBP15 million share buyback

(Alliance News) - Mears Group PLC on Tuesday launched a further GBP15 million share buyback programme.

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28 Sep 2023 15:49

UK dividends calendar - next 7 days

Friday 29 September 
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12 Sep 2023 12:03

Director dealings: Mears chairman picks up shares, Croda secretary involved in sale-and-purchase

(Sharecast News) - Mears Group was among those on the list of director purchases on Tuesday, after its chairman picked up a large tranche of shares.

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11 Sep 2023 09:37

IN BRIEF: Mears promotes interim Chair Clarke to permanently fill role

Mears Group PLC - Gloucester, England-based housing and social care provider - Appoints Jim Clarke as chair on a permanent basis. Clarke was promoted to interim chair on June 28 following the resignation of Chair-Designate Chris Loughlin. He joined Mears's board in 2019. Company says Clarke has 30 years' experience serving on various PLC boards and that he "will provide experience and continuity". Clarke's previous roles include group chief financial officer of Countrywide PLC from 2007 to 2017, and finance director & company secretary of JD Wetherspoon PLC from 1998 to 2007.

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11 Sep 2023 09:37

IN BRIEF: Mears promotes interim Chair Clarke to permanently fill role

Mears Group PLC - Gloucester, England-based housing and social care provider - Appoints Jim Clarke as chair on a permanent basis. Clarke was promoted to interim chair on June 28 following the resignation of Chair-Designate Chris Loughlin. He joined Mears's board in 2019. Company says Clarke has 30 years' experience serving on various PLC boards and that he "will provide experience and continuity". Clarke's previous roles include group chief financial officer of Countrywide PLC from 2007 to 2017, and finance director & company secretary of JD Wetherspoon PLC from 1998 to 2007.

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30 Aug 2023 15:44

UK shareholder meetings calendar - next 7 days

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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23 Aug 2023 09:56

Home REIT receives Mears sub-leases on 100 properties from One CIC

(Alliance News) - Home REIT PLC on Wednesday said that One (Housing & Support) CIC has agreed to surrender its leases on 100 properties.

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3 Aug 2023 11:53

Mears reports boost in interim profit and revenue in "strong results"

(Alliance News) - Mears Group PLC reported a rise in its profit and revenue in its half-year results, driven by the company's management-led activities.

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