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Pin to quick picksOptiBiotix Health Share News (OPTI)

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UK TRADING UPDATE SUMMARY: Gear4music Strikes Right Note As Sales Jump

Thu, 23rd Jul 2020 18:02

(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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Gear4music Holdings PLC - musical instruments retailer - Revenue in three months to June 30, its first quarter, surged 68% to GBP37.3 million. UK alone sales jumped 80% to GBP21.2 million. Covid-19 lockdown created "exceptionally strong period of trading".

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ATTRAQT Group PLC - online shopping technology provider based in London - Saw "significant" increase in usage volumes during virus lockdown. In year to date has secured GBP10.7 million worth of contract renewals, versus GBP3.9 million this time last year.

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Strix Group PLC - kettle safety controls maker - Said it had a "resilient" performance in the six months to June 30, helped by a "marked recovery" in June. Has "strong order book visibility" for July and August and on track to deliver 14 new products this year.

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XLMedia PLC - Jersey-based performance marketing company - Expects revenue of USD27.5 milllion and Ebitda of USD3.5 million in first half. Notes period was hurt by Google search deranking and Covid-19 pandemic.

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Learning Technologies Group PLC - digital learning services provider - Says "robust" first half was in line with internal expectations. Expects revenue to inch roughly 2% higher annually to GBP64.0 million. Has repaid all furlough money back to UK government.

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Igas Energy PLC - oil and gas producer onshore in Britain - Began water injection at Scampton North site on schedule and on budget, despite virus.

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Journeo PLC - information systems and transport technical services company - Received new orders worth GBP800,000 for transport infrastructure upgrades from West Midlands Combined Authority. Adds that overall interim trading has been better than the same period last year.

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dotDigital Group PLC - marketing automation - Organic revenue from continuing operations climbed 12% to GBP47.4 million in year ended June 30. Adjusted earnings before interest, tax, depreciation and amortisation expected to be "comfortably" ahead of market forecasts.

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SimplyBiz Group PLC - compliance and business services - Revenue in first half ended June 30 inches 0.7% lower annually to GBP28.9 million from GBP29.1 million. Expects full year adjusted earnings per share to be no less than 11.0p, down from 13.0p in the year prior.

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Personal Group Holdings PLC - employee services provider - Says Ebitda for six months to June 30 GBP5 million higher year-on-year, ahead of expectations. Revenue flat at GBP30 million. Intends to pay a full third quarter dividend of 5.9 pence per share after reduced second quarter payout.

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Kin & Carta PLC - business consultancy firm - Lenders agree to raise ceiling of quarterly leverage covenant to 5.0 times Ebitda, from 2.5 times, for four quarters starting from period ending July 31. Says net revenue for second half ended July 31 expected to fall 20% annually due to Covid-19 hit.

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Equals Group PLC - e-banking and international payments company - Revenue in six months to June 30 inched up to GBP13.7 million from GBP13.6 million. To cut staff numbers between 15% and 20% from the high point of 341 from December 2019.

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ICG-Longbow Senior Secured UK Property Debt Investments Ltd - London-based fund manager - Provides GBP16.9 million loan facility to a vehicle managed by GMG Real Estate to back its purchase of an office property in St James's leased to a UK Government agency

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Unicorn AIM VCT PLC - venture capital trust - Net asset value per share "recovered strongly" to 159.2 pence in three months to June 30, up 24% quarter-on-quarter. FTSE AIM All-Share Index by comparison delivered a total return of 30%, FTSE All-Share rose 10%.

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Helical PLC - London-based property investor - Rent collection for June quarter currently just over 77%, with just shy of a further 14% to be paid in instalments before September.

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Vp PLC - Harrogate-based equipment rental firm - Says demand picking up after low April when revenue slumped to 55% of normal levels. Two-thirds of staff now returned from furlough. Positive about long-term outlook and expects return to historic levels during 2021.

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Alumasc Group PLC - building products group - Expects 16% revenue decrease to GBP76 million in year ended June 30, "entirely as a result of the Covid-19 lockdown". Notes improved levels of trading in July with all sites and manufacturing locations operational again.

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NAHL Group PLC - Northamptonshire-based legal services - Revenue for six months to June 30 expected at GBP20.4 million, down 21% annually from GBP25.8 million. Underlying earnings expected between GBP1.0 million and GBP1.2 million, down from GBP3.4 million.

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McKay Securities PLC - office, industrial and logistics-focused real estate investment trust - Says June rent collection at 74% from agreed monthly and deferred payment plans and rises to 92% on receipt of income. March rent at 82%, rising to 97% on receipt of income.

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Property Franchise Group PLC - Bournemouth-based lettings and estate agency franchisor - First revenue expected to shrink to GBP5.2 million from GBP5.4 million. Notes June revenue was 5% higher annually as "demand returned". Confirms it will pay a 2.1p interim dividend.

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IronRidge Resources Ltd - Africa-focused minerals explorer - Reports "visible gold" found in reverse circulation drilling at Ehuasso target located in Zaranou project, Cote d'Ivoire.

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W Resources PLC - tungsten, tin and gold mining company with assets in Spain and Portugal - Reports second quarter tin metal production rose 65% quarter-on-quarter to 20.0 dry metric tonnes at La Parilla mine, Portugal. Tungsten output fell 17% to 2,756 metric tonne units.

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UK Oil & Gas PLC - oil and gas producer - Strikes deal with Aladdin Middle East Ltd to take 50% stake in Resan licence, Turkey. Will fund the first of five commitment wells in the licence's five-year exploration term and a seismic survey, for a total cost between USD1 million and USD1.5 million.

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Greatland Gold PLC - precious metals explorer - Notes Newcrest Mining Ltd which said it found a new zone of mineralisation at Havieron gold asset, Western Australian.

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Petra Diamonds Ltd - diamond producer - Says Covid-19 "significantly reduced activity" in year ended June 30. Cancelled its usual May and June 2020 tenders due to the significantly reduced demand but reported USD10.5 million in fourth quarter sales. Annual output down 7% to 3.6 million carats, revenue down 36% to USD295.8 million.

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Mosman Oil & Gas Ltd - oil exploration, development and production company - Output in six months to June 30 falls 32% to 37,226 barrels of equivalent from 54,987 boe in six months ended December.

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ValiRx PLC - London-based clinical stage biotechnology company - To re-locate to an office in Nuneaton, Midlands to save costs. Notes VAL201 on track to report headline results in the third quarter. Plans to raise GBP1.4 million from placing, subscription, conversion and a broker option, issuing 18.0 million shares in total. Will go towards advancing early stage clinical candidates.

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Animalcare Group PLC - animal health firm - Says first half trading was "resilient" despite Covid-19 disruption. Overall performance for six months to June 30 was below last year's levels but at the higher end of scenario modelling. Revenue expected to be down 4.4% annually to GBP34.5 million.

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Symphony Environmental Technologies PLC - developer of additives to make ordinary plastic biodegradable - Notes Eurofins Laboratories unveiled positive results from a trial for Symphony's d2p antimicrobial masterbatch technology on bovine coronavirus. It found just shy of a 100% reduction in virus. "Bovine coronavirus is a close beta coronavirus surrogate for Covid-19," Symphony said.

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OptiBiotix Health PLC - York-based life sciences company - Extends terms of manufacturing, supply and profit sharing agreement with Agropur MSI LLC. Extends product range to include WellBiome gut health product as well as SlimBiome weight loss product.

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Immunodiagnostic Systems Holdings PLC - Tyne & Wear-based diagnostic testing kits and instruments maker - Reports revenue of GBP5.7 million in first quarter ended June 30 down 39% on a like-for-like basis. Says financial 2020 revenue edged 2% higher. Says first sales of SARS-Cov2-IgG test made in July.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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30 Apr 2024 16:55

OptiBiotix Health inks manufacturing deal with KAG Industries

(Sharecast News) - Life sciences company OptiBiotix Health announced on Tuesday that its its Indian subsidiary, OptiBiotix Health India (OHI), has entered into a manufacturing agreement with KAG Industries for the supply of 'Slimbiome' products tailored for the Indian market.

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30 Apr 2024 15:56

EARNINGS AND TRADING: Card Factory profit climbs; Pebble "consistent"

(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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25 Mar 2024 17:08

OptiBiotix Health raises GBP1.4 million to invest in "driving sales"

(Alliance News) - OptiBiotix Health PLC on Monday said it has raised GBP1.4 million through a placing and subscription of shares.

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13 Mar 2024 20:49

EARNINGS AND TRADING: PensionBee nears profit; OptiBiotix Indian deal

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

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13 Mar 2024 14:28

OptiBiotix signs partnership with India's Dr Morepen

(Sharecast News) - Life science company OptiBiotix Health announced the signing of a partnership agreement with Dr Morepen on Wednesday, for the distribution of SlimBiome products in India under the Dr Morepen brand.

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27 Feb 2024 12:57

OptiBiotix products return to sales growth as pipeline strong

(Alliance News) - OptiBiotix Health PLC shares rose on Tuesday as the firm celebrated a "gradual return to strong sales growth".

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30 Jan 2024 13:35

IN BRIEF: OptiBiotix in discussions for launch of SweetBiotix

OptiBiotix Health PLC - York, England-based life sciences company - Hails "significant progress" in SweetBiotix commercial scale production. Says it is currently in discussions with commercial partners to launch SweetBiotix products. SweetBiotix is a low calorie alternative to sugar. Chief Executive Officer Stephen O'Hara says: "Consumer concerns over sugar and the safety of several sugar substitutes have materialised into companies reformulating existing and/or launching new products containing natural, safe, and healthy alternatives. The company believes its sweet, high fibre, low calorie, prebiotic fibre SweetBiotix products are ideally positioned to launch at a time when many companies are actively looking for a natural alternative to meet this need."

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15 Jan 2024 11:34

OptiBiotix to launch LeanBiome with Muscletech

(Sharecast News) - OptiBiotix Health announced the upcoming launch of LeanBiome in partnership with prominent sports nutrition brand Muscletech on Monday.

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15 Jan 2024 10:40

OptiBiotix's LeanBiome to be launched under MuscleTech

(Alliance News) - OptiBiotix Health PLC on Monday announced the launch of LeanBiome in sports nutrition brand, MuscleTech.

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4 Dec 2023 12:23

IN BRIEF: OptiBiotix names Croda's Graham Myers as finance director

OptiBiotix Health PLC - York, England-based life sciences company - Appoints Graham Myers as finance director, effective as of December 1, 2023. Says that Myers' appointment to this part-time role will see him work closely with the OptiBiotix team to support its focus on "driving each business unit and the group to profitability". Myers is currently chair of Croda Pension Trustees Ltd, the sole trustee of Croda International PLC's GBP800 million UK pension scheme.

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28 Nov 2023 14:57

TRADING UPDATES: Scancell trial progresses; OptiBiotix inks new deal

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

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22 Nov 2023 14:15

EARNINGS AND TRADING: Victorian Plumbing profit up; Duke revenue dips

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

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1 Nov 2023 12:58

OptiBiotix makes strong progress in e-commerce shift

(Sharecast News) - OptiBiotix Health reported significant progress in its commercial endeavours in an update on Wednesday, as it looked to attain profitability at the business unit level, ultimately leading to overall profitability.

Read more
1 Nov 2023 11:55

OptiBiotix says market still "volatile" but partner sales improving

(Alliance News) - OptiBiotix Health PLC on Wednesday said sales from existing partners have improved in recent months, and that its move to focus on US and Asian markets is progressing well.

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23 Oct 2023 10:17

OptiBiotix adds Tata Chemicals ingredient to obesity product in India

(Alliance News) - OptiBiotix Health PLC on Monday said it agreed a licence deal with Tata Chemicals Ltd to incorporate Tata's short-chain fructo-oligosaccharide Fossence into OptiBiotix's SlimBiome and LeanBiome products for the Indian market.

Read more

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