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Share Price: 263.00
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TRADING UPDATES: Strong interim results from Epwin, Bridgepoint

Wed, 15th Sep 2021 17:32

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

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Epwin Group PLC - Solihull, England-based building products manufacturer - For the six months ended June 30, pretax profit was GBP6.6 million, swinging from a loss of GBP4.8 million a year before, but falling short of GBP6.7 million posted in the first half of 2019. This was on revenue which grew 69% year-on-year to GBP157.8 million from GBP93.3 million, beating pre-pandemic levels of GBP140.0 million as well, due to higher new product sales, higher RMI demand. Resumes dividend payout at 1.75 pence per share. Looking ahead, expects customer demand to remain strong in second half, but supply chains to remain under pressure and raw material costs to stay high.

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Bridgepoint Group PLC - asset fund management firm - For the six months ended June 30, pretax profit more than doubles to GBP40.4 million from GBP16.9 million, on revenue which grows 55% year-on-year to GBP122.2 million from GBP78.7 million, driven by higher management fees and investment profits through a strong fund performance. As at June 30, total assets under management increased to EUR28.5 billion from EUR18.5 billion, due to the acquisition of EQT Credit and the launch of BDC IV.

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Baker Steel Resources Trust Ltd - Guernsey-incorporated firm investing in equities, loans or related instruments of natural resources companies - Net asset value per share increases 2.7% to 99.8 pence at June 30 from 97.2p at the end of December 2020, as base metal and iron ore companies remain strong on robust demand for products. The EMIX Global Mining Index in sterling terms were up 11.4% over the same period.

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Clontarf Energy PLC - oil & gas exploration and production company focused on South America and Africa - For the first half of 2021, pretax loss narrows to GBP137,000 from GBP146,000 on lower administrative costs. Period includes continued negotiations with Ghanian authorities over the petroleum agreement on Tano 2A block, and in Chad on the prime sedimentary basin close to pipeline infrastructure, leading to a signed agreement.

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BioPharma Credit PLC - Exeter-based life sciences debt investment trust - Net asset value per share at June 30 is USD0.9980, down from USD1.0037 at the end of December, while for the six month period, income dipped to USD58 million from USD59 million a year before. "The Investment Manager continues to develop a pipeline of additional potential investments and, as a consequence, we expect to be evaluating a number of potential alternatives to fund future growth and further diversify our portfolio," said Chair Harry Hyman.

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The Investment Company PLC - investment trust - As at June 30, net asset value rises 8.3% to 341.19 pence from 315.11p the same date a year before, while the share price is 309.00p, reflecting a 9.4% discount to NAV. Declares dividend of 3.00 pence per share, down % from 12.25p the prior year.

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Trinity Exploration & Production PLC - oil assets in Trinidad and Tobago - For the first half of 2021, swings to pretax loss of USD128,000 from profit of USD942,000 a year prior, due to a rise in operating expenses to USD27.5 million from higher royalty costs and impairments on financial assets. Operating revenue for the six month period grew 43% year-on-year to USD30.7 million from USD21.5 million, driven by a 54% rise in the average realised oil price at USD55.9 per barrel more than offsetting an 8% drop in net production to 3,032 barrels of oil per day.

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Central Asia Metals PLC - copper, zinc and lead explorer operating in Kazakhstan and North Macedonia - For the first half of 2021, pretax profit rises 72% to USD41.8 million from USD24.3 million, on revenue which grew 41% year-on-year to USD106.3 million from USD75.4 million, due to favourable market conditions driven by increased prices for copper, zinc and lead on higher demand. Declares interim dividend of 8.0 pence per share, up from 6.0p a year prior. Looking ahead, expects Sasa mine in Macedonia's zinc output to be between 23,000 and 25,000 tonnes, while lead production at 30,000 tonnes and 32,000 tonnes. Meanwhile, Kounrad guidance for copper output is between 12,500 tonnes and 13,500 tonnes.

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Trackwise Designs PLC - Tewkesbury, Gloucestershire-based products using printed circuit technology - For the six months ended June 30, swings to pretax loss of GBP611,000 from profit of GBP788,000, due to higher administrative costs and one-off expenses from the set up of a new production site. Revenue grew 70% year-on-year to GBP4.1 million from GBP2.4 million due to a full contribution from recent acquisition Stevenage Circuits. Looking ahead, despite supply constraints Trackwise expects to perform in line with expectations for 2021.

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Petro Matad Ltd - Mongolia-based oil exploration company - For the six months ended June, pretax loss narrows to USD1.0 million from USD2.4 million due to lower exploration and employee expenses. Post-period, the Block XX exploitation licence was granted for a 25-year period, totalling 218 square kilometres and covering the entire Heron structure. Procurement processes for the 2022 operational programme are well underway.

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Honeycomb Investment Trust PLC - asset secured loans investor - As at June 30, net asset value rises to 1,017.0 pence from 1,016.4p the same date a year before, while for the six month-period, it reports total return of 8.7%, improved from 8.2%.

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Ross Group PLC - London-based supply chain management and distribution company - For the six months ended June 30, pretax loss narrows to GBP267,000 from GBP830,000 a year before, while generating no revenue for the period. Company continues to research and explore supply chain management opportunities, while existing Chitin investment continues to progress towards eventual mass production.

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Grafenia PLC - Manchester-based printing business - Since announcing its final results, trading has continued to improve, with the company's highest sales in August since November 2019. For the first five months of its current financial year, total revenue was 20% higher year-on-year. Looking ahead, remains focused on mid-term target of 10% to 15% earnings before interest, taxes, depreciation and amortisation.

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Panoply Holdings PLC - London-based technology company - For the first five months ended September 1, wins GBP50 million in new contracts, compared to GBP18 million the year before. As a result, company raises guidance for like-for-like revenue growth for current financial year to 15% - 20% from 10% to 15%, and revenue to come in at GBP77 million.

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Restore PLC - Redhill, England-based document management, commercial relocation and IT recycling business - For the eight months ended August 31, run rate level of revenue stands at GBP254 million, with run rate Ebitda at GBP74 million. Strong trading in July and August has allowed for continued momentum, fostering confidence in a strong second half performance in line with expectations. In addition, confirms that Non-Executive Director Sharon Baylay will succeed Martin Towers as chair with effect on October 1.

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Omega Diagnostics Group PLC - medical diagnostics company - Sees Health & Nutrition division with early signs of recovery towards pre-pandemic revenue levels, on opportunities in China and the US. For the Global Health division, remains optimistic on the long-term prospects for the rollout of Visitect CD4 advanced disease test. Remains confident in market potential for product reaching 4 million to 6 million test a year, reflecting the chance to generate GBP12 million to GBP18 million in annualised revenue.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
14 Sep 2023 15:44

UK dividends calendar - next 7 days

Friday 15 September 
4imprint Group PLCdividend payment date
Baillie Gifford European Growth Trust PLCspecial dividend payment date
Baillie Gifford UK Growth Trust PLCdividend payment date
Barclays PLCdividend payment date
Brunner Investment Trust PLCdividend payment date
Clarkson PLCdividend payment date
Halfords Group PLCdividend payment date
Hikma Pharmaceuticals PLCdividend payment date
Ibstock PLCdividend payment date
IMI PLCdividend payment date
Informa PLCdividend payment date
Lancashire Holdings Ltddividend payment date
Montanaro European Smaller Companies Trust PLCdividend payment date
NatWest Group PLCdividend payment date
Pershing Square Holdings Ltddividend payment date
Reckitt Benckiser Group PLCdividend payment date
Spirent Communications PLCdividend payment date
TI Fluid Systems PLCdividend payment date
Vesuvius PLCdividend payment date
Witan Investment Trust PLCdividend payment date
Monday 18 September 
Pearson PLCdividend payment date
Quilter PLCdividend payment date
Shaftesbury Capital PLCdividend payment date
Shell PLCdividend payment date
Tuesday 19 September 
Alpha Financial Markets Consulting PLCdividend payment date
Rathbones Group PLCex-dividend payment date
Wednesday 20 September 
abrdn Asia Focus PLCdividend payment date
Domino's Pizza Group PLCdividend payment date
Impact Healthcare REIT PLCdividend payment date
London Stock Exchange Group PLCdividend payment date
OSB Group PLCdividend payment date
Sabre Insurance Group PLCdividend payment date
Scottish American Investment Co PLCdividend payment date
Thursday 21 September 
abrdn Diversified Income & Growth PLCex-dividend payment date
abrdn Private Equity Opportunities Trust PLCex-dividend payment date
Alpha Group International PLCex-dividend payment date
Brickability Group PLCdividend payment date
Brooks Macdonald Group PLCex-dividend payment date
Chelverton UK Dividend Trust PLCex-dividend payment date
Costain Group PLCex-dividend payment date
CQS Natural Resources Growth & Income PLCspecial ex-dividend payment date
Crest Nicholson Holdings PLCex-dividend payment date
Dowlais Group PLCex-dividend payment date
Essentra PLCex-dividend payment date
FDM Group Holdings PLCex-dividend payment date
Fidelity European Trust PLCex-dividend payment date
Forterra PLCex-dividend payment date
Gamma Communications PLCex-dividend payment date
Grafton Group PLCex-dividend payment date
Harworth Group PLCex-dividend payment date
Highcroft Investments PLCex-dividend payment date
HSBC Holdings PLCdividend payment date
IG Group Holdings PLCex-dividend payment date
Jet2 PLCex-dividend payment date
JPMorgan European Growth & Income PLCex-dividend payment date
JTC PLCex-dividend payment date
Kenmare Resources PLCex-dividend payment date
Mattioli Woods PLCex-dividend payment date
Midwich Group PLCex-dividend payment date
Palace Capital PLCex-dividend payment date
Redrow PLCex-dividend payment date
Regional REIT Ltdex-dividend payment date
Restore PLCex-dividend payment date
Rio Tinto PLCdividend payment date
Schroders PLCdividend payment date
SSE PLCdividend payment date
STV Group PLCex-dividend payment date
Vanquis Banking Group PLCdividend payment date
Walker Crips Group PLCex-dividend payment date
XPS Pensions Group PLCdividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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7 Sep 2023 20:27

TRADING UPDATES: Tintra receives bid approach; NCC trading in line

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

Read more
6 Sep 2023 13:56

Restore seals £140m contract with HMRC

(Sharecast News) - Shares in document management firm Restore surged on Wednesday after the company announced a £140m contract with with HMRC.

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6 Sep 2023 12:10

LONDON MARKET MIDDAY: Housebuilding stocks struggle amid sector slump

(Alliance News) - Stock prices in London were lower at midday on Wednesday, with the UK's struggling housebuilding sector and the renewed risk of higher interest rates at the forefront of investor's minds.

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6 Sep 2023 11:45

CORRECT: Restore shares surge on GBP140 million HMRC contract

(Correcting to reflect that the contract starts in September 2023)

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6 Sep 2023 11:40

Restore shares surge on GBP140 million HMRC contract

(Alliance News) - Restore PLC on Wednesday said it has won a significant communications contract from the UK's HM Revenue Customs department.

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5 Sep 2023 12:18

Restore welcomes back Charles Skinner as chief executive

(Alliance News) - Restore PLC on Tuesday welcomed back Charles Skinner as its chief executive officer, after four years out of the role.

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16 Aug 2023 09:37

Restore confident despite first-half difficulties

(Sharecast News) - Digital and information management specialist Restore reported a robust first-half revenue performance on Wednesday, driven by strong performances in records management, recurring income streams of the digital division, and Harrow Green.

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16 Aug 2023 09:01

Restore cuts dividend as swings to half-year loss, hires interim CFO

(Alliance News) - Restore PLC on Wednesday said it suffered a loss in the first half of 2023, confirming a profit warning it had issued in July that had resulted in the departure of its chief executive.

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9 Aug 2023 15:49

UK earnings, trading statements calendar - next 7 days

Thursday 10 August 
Allianz Technology Trust PLCHalf Year Results
Antofagasta PLCHalf Year Results
Atalaya Mining PLCHalf Year Results
Capital & Regional PLCHalf Year Results
Card Factory PLCTrading Statement
Checkit PLCTrading Statement
Deliveroo PLCHalf Year Results
Derwent London PLCHalf Year Results
Entain PLCHalf Year Results
Global Connectivity PLCHalf Year Results
Hostelworld Group PLCHalf Year Results
Lancashire Holdings LtdHalf Year Results
Ocean Wilsons Holdings LtdHalf Year Results
OSB Group PLCHalf Year Results
Persimmon PLCHalf Year Results
Petrofac LtdHalf Year Results
Redcentric PLCFull Year Results
Riverstone Credit Opportunities Income PLCHalf Year Results
S&U PLCTrading Statement
Savills PLCHalf Year Results
Spirax-Sarco Engineering PLCHalf Year Results
Watches of Switzerland Group PLCTrading Statement
Wheaton Precious Metals CorpHalf Year Results
Zoo Digital Group PLCFull Year Results
Friday 11 August 
FBD Holdings PLCHalf Year Results
Murray International Trust PLCHalf Year Results
Monday 14 August 
CentralNic Group PLCHalf Year Results
Global Invacom Group LtdHalf Year Results
Plus500 LtdHalf Year Results
Stelrad Group PLCHalf Year Results
Tuesday 15 August 
888 Holdings PLCHalf Year Results
Genuit Group PLCHalf Year Results
Georgia Capital PLCHalf Year Results
Kenmare Resources PLCHalf Year Results
Just Group PLCHalf Year Results
Legal & General Group PLCHalf Year Results
MTI Wireless Edge LtdHalf Year Results
UP Global Sourcing Holdings PLCTrading Statement
Victoria PLCFull Year Results
Wednesday 16 August 
Admiral Group PLCHalf Year Results
Aviva PLCHalf Year Results
Balfour Beatty PLCHalf Year Results
Essentra PLCHalf Year Results
Gattaca PLCTrading Statement
Glanbia PLCHalf Year Results
Hochschild Mining PLCHalf Year Results
Marshalls PLCHalf Year Results
Restore PLCHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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3 Aug 2023 09:31

LONDON BROKER RATINGS: Berenberg raises Hochschild Mining to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

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3 Aug 2023 07:49

LONDON BRIEFING: Rolls-Royce swings to profit; LSEG plans buyback

(Alliance News) - Stocks in London are called to open lower on Thursday, ahead of a busy day on the economic calendar, with a key interest rate decision from the Bank of England.

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4 Jul 2023 10:32

AIM WINNERS & LOSERS: Alba wins permits; Aptamer cash-strapped

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

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4 Jul 2023 09:47

Restore shares plunge as profit to fall below guidance; CEO leaves

(Alliance News) - Restore PLC on Tuesday announced a profit warning and said its chief executive has departed with immediate effect.

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4 Jul 2023 09:16

Restore lowers expectations amid technology division struggles

(Sharecast News) - Restore reported ongoing growth in its core records management division in a trading update on Tuesday, but flagged weaknesses in its technology business.

Read more

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