Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMothercare Share News (MTC)

Share Price Information for Mothercare (MTC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 6.35
Bid: 6.20
Ask: 6.35
Change: -0.075 (-1.17%)
Spread: 0.15 (2.419%)
Open: 6.40
High: 6.40
Low: 6.35
Prev. Close: 6.425
MTC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

AIM WINNERS & LOSERS: Mothercare goes global; Katoro Gold needs cash

Fri, 22nd Sep 2023 11:22

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

----------

AIM - WINNERS

----------

Mothercare PLC, up 20% at 5 pence, 12-month range 3.5p-11p. The retailer for parents and young children reports its annual results for the 52 weeks that ended March 25. Loss before tax narrows to GBP2.2 million from GBP11.1 million the year before, despite 11% fall in turnover to GBP73.1 million from GBP82.5 million. Adjusted operating profit falls 44% to GBP6.2 million from GBP11.1 million, but Mothercare notes that retail sales and adjusted earnings from continue markets grows. After a rocky period with the loss of Russian sales and the five-month tenure of its CEO, Mothercare Chair Clive Whiley says, "there is still work to do" but the firm is ready to "leave behind the turmoil of recent years". The firm plans to complete a refinancing shortly and is still in talks with a number of key stakeholders and finance partners. "Mothercare remains in an unparalleled position of being a highly trusted British heritage brand, with a significant opportunity to leverage this brand equity and grow our global presence beyond our existing franchise network," Whiley adds.

----------

AIM - LOSERS

----------

Katoro Gold PLC, down 15% at 0.072p, 12-month range 0.06p-3p. The strategic and precious minerals exploration and develop firm warns that cash may run out by the end of the month, and it is reliant on completing a fundraise to fund its ongoing working capital. Cites net liability position of GBP303,280, but available cash reserves of just GBP25,443 as at June 30. "In the past the group has raised funds via equity contributions from new and existing shareholders...There can be no assurance that such funds will continue to be available on reasonable terms, or at all in future," it says. Katoro reports no revenue for the first half of 2023, unchanged from a year prior, as pretax loss narrows to GBP311,094 from GBP540,225.

----------

Comptoir Group PLC, down 14% at 6.15p, 12-month range 4.25p-8p. The owner and operator of Lebanese and Middle Eastern restaurants reports its interim results. In the six months to July 2, revenue edges up 2.1% year-on-year to GBP14.8 million from GBP14.5 million, but Comptoir swings to a pretax loss of GBP1.3 million from a GBP1.3 million profit. CEO Nick Ayerst says the board has "every confidence" in Comptoir's prospects for the remainder of the year and into 2024. "Despite the challenging macro environment, trading and the overall outperformance of our peers is encouraging. The group has a strong base to continue to operate from, and we will look to grow in H2 and into 2024 and beyond," he says.

----------

By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
29 Apr 2024 10:02

LONDON BROKER RATINGS: Deutsche Bank likes Frasers; Barclays cuts JD

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
24 Nov 2023 11:20

Mothercare half-year profit jumps as costs fall sharper than revenue

(Alliance News) - Mothercare PLC on Friday reported higher interim profit as cost of sales declined faster than revenue.

Read more
24 Nov 2023 10:55

AIM WINNERS & LOSERS: RUA Life Science slides after strong week

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

Read more
24 Nov 2023 07:54

Mothercare hit by tough Middle East trading

(Sharecast News) - Mothercare reported a rise in first-half profit on Friday, but sales fell due to pressures in the the Middle East and the retailer warned that more of its franchise stores could close.

Read more
16 Oct 2023 15:46

UK shareholder meetings calendar - next 7 days

Tuesday 17 October 
Diverse Income Trust PLCAGM
Gateley Holdings PLCAGM
Wednesday 18 October 
Ashmore Group PLCAGM
Barratt Developments PLCAGM
Round Hill Music Royalty Fund LtdCourt Meeting and GM re cash offer
Thursday 19 October 
Argo Group LtdAGM
Bridgepoint Group PLCGM re adding Energy Capital to platform
Direct Line Insurance Group PLCGM re sale of brokered commercial insurance business lines to RSA Insurance Ltd
Instem PLCGM re takeover by Archimed
Medtronic PLCAGM
Pantheon International PLCAGM
Rank Group PLCAGM
Friday 20 October 
GSTechnologies LtdAGM
Monday 23 October 
abrdn New Dawn Investment Trust PLCGM re scheme and associated amendments to Company's articles
City of London Investment Group PLCAGM
Finsbury Food Group PLCGM re takeover by Frisbee Bidco
Landore Resources LtdEGM re fundraising
Mothercare PLCAGM
Naked Wines PLCGM re annual report and accounts
Oracle Power PLCGM re capital reorganisation
Provexis PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
22 Sep 2023 11:43

Mothercare annual loss narrows but chair says "still work to do"

(Alliance News) - Mothercare PLC on Friday said revenue fell in its latest financial year, but that its pretax loss narrowed and it expects to complete refinancing discussions "shortly".

Read more
22 Sep 2023 10:59

Shore Capital upbeat on Mothercare's future, but stock still a 'hold'

(Sharecast News) - Mothercare's forecast-beating annual results demonstrate "resilience and adaptability" according to Shore Capital, but that wasn't enough to change the broker's 'hold' rating.

Read more
22 Sep 2023 09:45

Mothercare swings to loss, still beats expectations on earnings

(Sharecast News) - Infant and young children's retailer Mothercare reported a loss of £0.1m in its full-year results on Friday, swinging from a profit of £12.1m in 2022.

Read more
9 Jun 2023 11:43

IN BRIEF: Mothercare CEO steps down after five months in role

Mothercare PLC - Hemel Hempstead, England-based retailer - Says Chief Executive Officer Daniel Le Vesconte has stepped down from his role, and Chair Clive Whiley and Chief Financial Officer Andrew Cook will lead the operating board until a replacement is found. Le Vesconte joined the firm as CEO in January after holding senior leadership roles for brands such as A&F Corp, Dr Martens PLC and VF Corp. Mothercare has not specified the reason for his departure, but Whiley says "a change in the CEO is in the best interest of the company and its shareholders."

Read more
9 Jun 2023 07:11

Mothercare CEO Le Vesconte steps down

(Sharecast News) - Mothercare said on Friday that chief executive officer Daniel Le Vesconte has stepped down with immediate effect, and that its performance remains on track.

Read more
18 May 2023 11:55

IN BRIEF: De La Rue names Mothercare chair Clive Whiley as chair

De La Rue PLC - Basingstoke, England-based security printed products maker - Says that Clive Whiley, current chair of Mothercare PLC, is appointed as chair, effective immediately. Mothercare is a clothing retailer for expectant mothers and children up to 8 years old. Whiley was previously chair of funeral plan and end of life service provider Dignity PLC. De La Rue says Nick Bray, who was interim chair after Kevin Loosemore's resignation on May 1, will return to his previous role as non-executive director.

Read more
18 May 2023 08:59

LONDON MARKET OPEN: BT shares fall as announces 55,000 jobs to be cut

(Alliance News) - European equities made headway at Thursday's open, though the FTSE 100 underperformed due to share price falls for BT and Burberry.

Read more
18 May 2023 08:08

CORRECT: Royal Mail parent suffers loss; Burberry sees growth

(Correcting spelling of name of new De La Rue chair.)

Read more
18 May 2023 07:55

LONDON BRIEFING: Royal Mail parent suffers loss; Burberry sees growth

(Alliance News) - Stocks in London were called higher on Thursday, as global markets switched to risk-on, following signs of progress on US debt negotiations.

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.