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Pin to quick picksMercia Asset Share News (MERC)

Share Price Information for Mercia Asset (MERC)

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Share Price: 32.70
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Ask: 33.40
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TRADING UPDATES: Mattioli Woods revenue grows, CMO prices IPO

Tue, 06th Jul 2021 21:36

(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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Mattioli Woods PLC - Leicester-based asset manager - Revenue grew 7% in year ended May 31 from prior year, company says in a trading update. Profit was in line with management's expectations after a "significant increase in new business generation." Assets under management were GBP12.0 billion at the year end.

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Mercia Asset Management PLC - West Midlands-based asset manager - Revenue increases 51% to GBP19.2 million in year ended March 31, from GBP12.7 million in previous year. Swings to a pretax profit of GBP34.0 million from a loss of GBP17.6 million. Declares final dividend of 0.3p per share, bringing the full-year total to 0.4p per share.

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Churchill China PLC - Stoke-based ceramic tableware maker - Reinstates interim dividend of 6.7p per share after improved trading continues throughout June. Revenue in May and June recovered to the 2019 level, and forward order book is good.

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Artemis Alpha Trust PLC - investor in listed and unlisted companies - Swings to pretax profit of GBP67.1 million in year ended April 30, from a loss of GBP16.5 million in previous year. Net asset value per share increases 54% to 476.17p from 309.38p, outperforming the FTSE All-Share's 26% rise. Declares final dividend per share of 3.19p, up from 3.10p in financial 2020.

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Jupiter Green Investment Trust PLC - investor in environmental stocks - Swings to pretax return of GBP17.9 million in year ended March 31, from a loss of GBP2.4 million in the previous year. Undiluted net asset value per share rises 54% in the year to 266.73 pence from 173.31p, lagging the MSCI World Small Cap Index, which rose 61%. Declares final dividend per share of 0.64p, down from 1.3p in financial 2020.

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Miton UK MicroCap Trust PLC - investor in micro-cap stocks - Swings to pretax return of GBP60.3 million in year ended April 30, from a loss of GBP6.6 million. Net asset value per share jumps to 104.83p from 51.33p. Recommends final dividend of 0.01p per share, funded from reserves as the revenue per share was in deficit in 2021 financial year.

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Geiger Counter Ltd - Jersey-based investor in uranium exploration and production stocks - Swings to pretax profit of GBP16.5 million in six months ended March 31, from a loss of GBP4.7 million in the same period last year. Net asset value per share rises to 34.24p from 16.47p in the period, and now stands at 42.52p. Company remains confident for the long-term outlook for uranium as governments invest in nuclear power.

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CMO Group PLC - Plymouth-based online building materials retailer - Expects to list on AIM on Thursday, with 72.0 million shares priced at 132p each. IPO will raise GBP27.3 million, giving a market capitalisation of GBP95 million.

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Fragrant Prosperity Holdings Ltd - British Virgin Islands-based special purpose acquisition company - Ciitech Ltd, the company being bought by Fragrant Prosperity, raises GBP2.1 million in convertible loan notes.

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FastForward Innovations Ltd - Guernsey-based investor in technology and life sciences companies - Buys GBP175,000 of Ciitech's convertible loan notes.

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Getech Group PLC - Leeds-based provider of geological services to the energy and mining industries - H2Green unit signs memorandum of understanding with Eversholt Rail to develop hydrogen-supply infrastructure for the UK railway. "The next stage of the strategic partnership will be the development of commercial propositions for rail hydrogen supply systems, which H2Green and Eversholt Rail will together present to transport operators, infrastructure companies, and relevant government departments and agencies," company says.

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By Ivan Edwards; ivanedwards@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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