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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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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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21 Sep 2023 12:12

TRADING UPDATES: Faron appoints Birge Berns as interim medical officer

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

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14 Sep 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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25 Jul 2023 14:08

Mercia Asset Management investee wins IAG investment

(Alliance News) - Mercia Asset Management PLC on Tuesday said that one of its direct investments Nova Pangaea Holdings Ltd has received an investment from International Consolidated Airlines Group SA.

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4 Jul 2023 12:13

IN BRIEF: Mercia assets under management rise in positive year

Mercia Asset Management PLC - Regionally focussed specialist asset manager - Net assets rise by 1.1% to GBP202.9 million at March 31 financial year-end, from GBP200.6 million 12 months earlier. Net assets per share drop by 0.4% to 45.4 pence from 45.6p the prior year. Mercia had around 6.5 million more shares in issue at the end of March than a year prior. The company's assets under management increase by 46% to GBP1.4 billion from GBP959.2 million in the same period the year before. Says its pretax profit for its year ended March 31 falls to GBP2.4 million from GBP27.4 million. Revenue up 12% to GBP25.9 million from GBP23.2 million. However, the fair value movements in direct investments fell to GBP1.2 million from GBP11.4 million.

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27 Jun 2023 15:45

UK earnings, trading statements calendar - next 7 days

Wednesday 28 June 
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Time Finance PLCTrading Statement
Thursday 29 June 
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De La Rue PLCFull Year Results
Hunting PLCTrading Statement
James Latham PLCFull Year Results
Likewise Group PLCTrading Statement
Marlowe PLCFull Year Results
Moonpig Group PLCFull Year Results
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Serco Group PLCTrading Statement
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Angus Energy PLCHalf Year Results
Glantus Holdings PLCFull Year Results
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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13 Jun 2023 14:52

Mercia updates market on substantial investments in gaming assets

(Sharecast News) - Mercia Asset Management updated the market on its investments in the mobile and digital gaming sector on Tuesday.

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13 Jun 2023 11:30

Mercia Asset Management bets on mobile gaming despite 2022 slowdown

(Alliance News) - Mercia Asset Management PLC on Tuesday said mobile gaming investments account for a significant proportion of its portfolio, and the sector is a "natural fit" for its strategy despite a small decline last year.

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7 Jun 2023 09:49

IN BRIEF: Mercia Asset Management notes Warwick wins major contract

Mercia Asset Management PLC - Warwickshire, England-based specialist asset manager - Says Warwick Acoustics Ltd has secured its first production contract with "a global top ten luxury [vehicle] manufacturer". Warwick is a Nuneaton, England-based audio systems manufacturer in which Mercia owns a 40.3% stake. The multi-year contract currently includes two vehicle programmes and will be delivered through a "significant expansion" of Warwick's design, development and manufacturing capacity. Warwick's products are based on its patented ElectroAcoustic panels. Mercia says the contract "is a major milestone for Warwick Acoustics, validating the performance and scalability for its proprietary automotive audio system".

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2 May 2023 12:32

Mercia Asset Management upbeat on new fund raises

(Sharecast News) - Mercia Asset Management announced on Tuesday that its existing managed funds had continued to attract new investments, while its new fund raises had been successful, totalling around £80m.

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13 Mar 2023 12:18

SUMMARY: London listings with exposure to Silicon Valley Bank

(Alliance News) - The following is a round-up of updates on exposure to Silicon Valley Bank by London-listed companies, issued on Monday and not separately reported by Alliance News:

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8 Feb 2023 13:30

Mercia Asset Management investee MIP gets grant from Gates Foundation

(Alliance News) - Mercia Asset Management PLC on Wednesday said portfolio company MIP Discovery Ltd has secured "significant" grant funding from the Bill & Melinda Gates Foundation for its work on its detection reagents.

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27 Jan 2023 18:56

TRADING UPDATES: Diaceutics wins two deals; Faron proposes placing

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

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18 Jan 2023 11:57

IN BRIEF: Mercia Asset Management sells Intechnica for GBP14.5 million

(Alliance News) - Mercia Asset Management PLC - Warwickshire, England-based, regionally-focused asset manager - Sells IT and technology consulting services company for private equity firms Intechnica Holdings Ltd to Crosslake Technologies LLC for GBP14.5 million. Says it held a 26% direct holding in Intechnica at the point of sale and will receive cash proceeds of GBP3.7 million. This will generate an internal rate of return of 27% and 1.7 times on its current holding value.

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20 Dec 2022 21:39

TRADING UPDATES: Serica Energy to buy Tailwind Energy

(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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6 Dec 2022 12:02

CORRECT: Mercia Asset Management acquires company; profit down

(Corrects name of direct portfolio company.)

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