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AIM WINNERS & LOSERS: Time Finance jumps on strong first-half results

Fri, 16th Dec 2022 10:44

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

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AIM - WINNERS

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PetroNeft Resources PLC, up 17% at 0.35 pence, 12-month range 0.22p - 4.88p. Continues negotiations with Petrogrand AB regarding its loan facility with a current redemption value of USD2.5 million and which matured on Thursday. Says it cannot predict the outcome of the negotiations. The oil and gas exploration and production firm adds that is continuing to review options available to it as well as considering all options "within the context of the current geopolitical environment to maximise value for shareholders".

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Time Finance PLC, up 6.4% at 20.22 pence, 12-month range 15.00p - 27.69p. Chief Executive Ed Rimmer says the firm's performance during the six months that ended November 30 have been "particularly pleasing". The specialist finance provider reports revenue of GBP13.2 million in the period, up 12% against GBP11.8 million the year prior. Pretax profit jumps 67% to GBP2.0 million from GBP1.2 million the previous year. Now expects full-year to be at least in line with market expectations thanks to ongoing positive momentum in trading.

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AIM - LOSERS

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Sareum Holdings PLC, down 15% at 59.50 pence, 12-month range 55.10p - 345.00p. Reports "good progress" in the year ended June 30 and says it remains "confident" in the future despite some recent setbacks. These setbacks include the UK Medicines & Healthcare Products Regulatory Agency not approval the clinical trial authorisation for SDC-1801, the firm's psoriasis treatment. Confirms it has provided a preclinical data package to support the CTA application. Adds it also assessing regulatory opportunities in other countries.

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Real Good Food PLC, down 13% at 1.35 pence, 12-month range 0.90p - 3.25p. Widens its interim loss as the food manufacturer battles with "challenging" market conditions. In the six months that ended September 30, reports a a pretax loss of GBP3.8 million, widening from GBP1.2 million a year ago. Revenue falls 20% to GBP15.9 million from GBP19.9 million. Chair Mike Holt says: "Market conditions have been very challenging over the last twelve months, and show no sign of easing in the near-term, due to a perfect storm of rising costs and lower revenues. The group is not just hunkering down, it has put into effect a radical programme of reform to return it to profitability and to ensure that profits will be sustainable."

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By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

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14 Dec 2011 13:50

Real Good Food rises on strong performance

Real Good Food has seen a continued improvement in its earnings before interest, taxes, depreciation, and amortization (EBITDA) performance, compared to 2010, since 1 July to date, the firm said. Stock levels have been falling during the fourth quarter following easing of the problems in the sugar

20 Sep 2011 07:41

Real Good Food returns to profit

Aim listed sugar distributor The Real Good Food Company swung back into a pre-tax profit after making progress across all of its businesses. Pre-tax profit was £1.15m for the six months ended 30 June 2011 compared to a loss of £1.11m the same time a year earlier. Total sales were up by 21% to £109

1 Aug 2011 16:57

London close: Gains wiped out

After a late dive the top share index finished deep firmly in the red, reversing strong gains after some weak economic data from the US. The Institute of Supply Management´s (ISM) purchasing managers´ index for the manufacturing sector fell to 50.9 points in July, from 55.3 the month before. That d

1 Aug 2011 14:08

Real Good Food leaves investors asking for more

The Real Good Food Company left a bad taste in its shareholders' mouths after disappointing with its half year results. Despite boasting improved year-on-year performance with increased volumes in sugar, dairy and bakery ingredients, the company has had to tackle difficulties in the sugar supply c

2 Jun 2011 12:00

London midday: Stocks stuck lower after slide

Shares remain firmly in the red following this morning's slide. B&Q owner Kingfisher is lower even after it saw year-on-year like-for-like sales growth of 3.3% in the 13 weeks ended 30 April. Total sales were also up 3.3%, while retail profit rose 19.1% in comparison with the year before. The numb

2 Jun 2011 08:12

Real Good Food set to beat FY forecasts

Shares of Real Good Food rose 5% after it said it is on course to significantly exceed current market forecasts for the year after strong exports to the US and increased demand for bakery products. The group said all businesses recorded a strong start to the current financial year. Progress has be

29 Mar 2011 13:47

Tough year for sugar at Real Good Food

Reforms in the EU sugar regime held back sales at Napier Brown, the sugar business of Real Good Food Company, causing a 7% decline in total group revenues. The sugar, dairy and bakery products group saw revenue fall to £200.1m in 12 months ended 31 December, down from £215.6m previously. Sales a

1 Feb 2011 16:26

Real Good sugar price rise

AIM-quoted Real Good Food Company is set to benefit from the soaring sugar price. Sugar supplier Napier Brown should have a good year as world-wide sugar prices reach record highs. The sugar market has been tough in recent years and last year Napier Brown had to navigate the changes in the EU suga

1 Dec 2010 07:03

Wednesday tips round-up: BT, Shell, Electra...

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30 Nov 2010 12:03

Small caps round-up: Real Good Food, Ultrasis, Creston...

Real Good Food Company reports progress across its three divisions making "great strides" toward "successful and profitable future growth", executive chairman Pieter Totté says. The sugar business Napier Brown is enjoying strong growth as a global shortage in sugar supply has driven prices to a 30-

22 Sep 2010 07:16

Real Good Food losses widen

Shares of Real Good Food sank 19% after it said first half losses widened and sales fell 11% on the back of lower sugar prices. The sugars, ingredients and bakery firm said pre-tax losses widened to £1.3m for the six months ended 30 June 2010 compared to a loss of £1.2m the same time a year before.

29 Jul 2010 14:19

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29 Jul 2010 12:51

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29 Jul 2010 07:44

Real Good Food: Good Progress In 1H Trading Across All Units

LONDON (Dow Jones)--The Real Good Food Company PLC (RGD.LN), owner of an independent non-refining distributor of sugar in Europe (Napier Brown) and is a supplier of bakery ingredients and a manufacturer of sweet bakery products for a range of major retail customers, said Thursday that during the six

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