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Pin to quick picksNorman Broadb Share News (NBB)

Share Price Information for Norman Broadb (NBB)

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Share Price: 8.50
Bid: 8.00
Ask: 9.00
Change: 0.00 (0.00%)
Spread: 1.00 (12.50%)
Open: 8.50
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Low: 8.50
Yest. Close: 8.50
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TRADING UPDATES: Ridgecrest, MyHealthChecked Note Share Price Surges

Mon, 25th Jan 2021 14:49

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



Aberdeen Japan Investment Trust PLC - invests in listed Japanese companies - Renews its its JPY1.3 billion, about USD12.5 million, fixed rate loan and JPY1.0 billion revolving credit facility with ING Bank NV to January 21, 2022. Under the terms of the renewed facilities, the JPY1.3 billion fixed rate loan has been drawn down at an all-in interest rate of 0.90% per annum. The proceeds have been used to repay the company's previous JPY1.3 billion fixed rate loan with ING. In addition, JPY400 million has been drawn down on a revolving basis, at an all-in interest rate of 0.95% per annum, with first maturity on April 23, 2021, and the proceeds have been used to repay the company's previous drawings under the old facility.



MTI Wireless Edge Ltd - Israel-based communication and radio frequency solutions firm - Extends share repurchase programme. The share repurchase programme, which was started in January 2019, was originally to finish no later than July 2019, has subsequently extended until January 26.



Maintel Holdings PLC - London-based cloud and managed service provider - Says revenue and adjusted earnings before interest, taxes, depreciation and amortization are expected to be in line with internal guidance. "This is despite the second national lock-down which was unforeseen at the time," company adds. Says cash generation in the period was "strong" and period end net debt of GBP22.3 million was better than expectations, and "notable reduction" from the closing net debt position of GBP25.7 million at the end of 2019. "Maintel's transition to a cloud and managed services business continues, with the group exceeding its target for 100,000 contracted cloud seats by the year end, with 102,000 contracted seats as at December 31, 2020," company adds.



Barkby Group PLC - Abingdon-headquartered company with businesses in real estate, consumer & hospitality and life sciences - Exchanges contracts on a property development site in Malden, Essex. Now entering into legal negotiations with four tenants who will enter into pre-let agreements for occupation at completion of the re-development. It is proposed that Barkby will develop a 15,400 square foot mixed-use retail and trade scheme at the site. Under the proposed development the site has an estimated gross development value of GBP6.0 million.



Norman Broadbent PLC - London-based recruitment and professional services firm - Says 2020 net fee income decreased 18% year on year to GBP6.2 million. Chief Executive Mike Brennan says: "2020 was unprecedented yet, despite these unparalleled times, the Norman Broadbent team pulled through and performed. The strategy of building a broader portfolio of services - one we have pursued since I joined the business - stood us in good stead in the run up to, and during, the pandemic. Our broader, more relevant, portfolio of services has enabled us to help clients as they faced their own challenges in 2020. Although our objectives remain the same, the pandemic has amplified them. Put simply, our aim is to help clients manage and successfully drive change, mitigate risk, grow, and succeed." He adds: "Notwithstanding the uncertain economic environment, our goal this year is to strive to grow NFI back towards 2019 levels whilst continuing to build upon our successes in 2020 in carefully managing our cost base."



MyHealthChecked PLC - Cardiff-based healthcare company and fertility tracking firm - Notes increase in its share price on Monday, which is at 2.43p, up 10%, but was seen as high at 3.12p. Says it is currently in the process of undertaking an equity fundraising to provide funds to allow the company to develop its strategy and for working capital for the business.



Ridgecrest PLC - AIM-listed cash shell - Notes recent price movement of its shares. Shares up 8.0% Monday at 3.08p, but seen as high as 3.57p. Says it has received several approaches from potential reverse takeover candidates but is not yet in detailed discussions with any of these parties. The company's directors intend to engage with these potential reverse takeover candidates in the coming months, it adds. "At present, there can be no guarantee that the company will be able to successfully identify a reverse takeover candidate or that a reverse takeover will be completed," Ridgecrest says. Expects to have net cash of about GBP200,000 when recently announced placing completes, with net proceeds of GBP1.8 million.



By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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