REMINDER: Our focusIR Investor Webinar takes place TONIGHT with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksStrategic Eqty Share News (SEC)

Share Price Information for Strategic Eqty (SEC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 346.00
Bid: 347.00
Ask: 350.00
Change: 3.00 (0.87%)
Spread: 3.00 (0.865%)
Open: 345.00
High: 346.00
Low: 345.00
Prev. Close: 343.00
SEC Live PriceLast checked at -
Strategic Equity Capital is an Investment Trust

To achieve absolute returns over a medium-term period and support a clear equity value creation plan over the long term, principally through capital growth by investing predominately in publicly quoted small cap UK equities.

Find out More

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: Forterra lifts yearly dividend on profit surge

Thu, 09th Mar 2023 14:29

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

---------

Forterra PLC - Northampton, England-based building product manufacturer - Posts revenue of GBP455.5 million for 2022, up 23% from GBP370.4 million a year earlier. Pretax profit is GBP72.9 million, up 28% from GBP56.8 million, as operating profit rises by 25% to GBP75.0 million from GBP60.1 million in 2021. Earnings before interest, tax, depreciation and amortisation amounts to GBP91.5 million, up 20% from GBP76.5 million a year earlier. Declares a total dividend of 14.7 pence per share, up 49% from just 9.9p a year prior. Looking ahead, says 2023 expectations are unchanged. "The short-term outlook for the UK housing market remains uncertain. We saw signs of softening demand towards the end of 2022, and this continued into 2023, partly driven by customer inventory reduction. Whilst we expect demand for our products to fall in 2023 relative to 2022, we are encouraged by falling mortgage rates and recent reports of improving reservation rates," Chief Executive Officer Stephen Harrison says.

----------

Oriole Resources PLC - Exploration company focused on West Africa - Pretax loss for 2022 widens to GBP2.0 million from GBP1.6 million in 2021, as administrative expenses increase to GBP1.2 million from GBP1.1 million. Operating loss is GBP540,000, compared to GBP1.4 million in 2021. CEO Tim Livesey says: "We are pleased to celebrate yet another year of exploration success in Cameroon in 2022."

----------

Bens Creek Group PLC - mining company focused on North America - Says Murat Erden to resign as chief financial officer after one year with the firm, effective from July 12. Erden says he will no longer be able to commit to the CFO role due to the two earthquakes and associated aftershocks which have badly affected his hometown in Turkey. "We wholeheartedly thank Murat for his contribution to the growth of Bens Creek, we are hugely saddened by the events in his hometown within Turkey," says Chief Executive Officer Adam Wilson.

----------

Silver Bullet Data Services Group PLC - London-based provider of digital transformation services and products - Says it has delivered a strong operational performance with earnings before interest, tax, depreciation and amortisation in line with expectations for 2022, along with year-on-year revenue growth of over 50%. In the fourth quarter of 2022, records GBP3.4 million of books, which will flow into 2023. Says continues to trade well while managing its business model and cost base in lien with macro environment. Expects to announce results for 2022 on May 30.

-----------

Strategic Equity Capital PLC - specialist alternative equity trust, maintaining a portfolio of UK smaller companies - Net asset value per share stands at 293.08 pence per share as at December 31, down 7.3% from 316.21p at June 30. NAV total return in the six months is negative 6.7%, underperforming the FTSE Small Cap total return index of negative 1.1%. This is compared to a positive 1.9% in the same period a year earlier. Declares no dividend for the period, unchanged from a year prior. "Weaker market conditions and an uncertain economic backdrop in the UK and globally will inevitably throw up more challenges as 2023 progresses," Strategic adds.

-----------

By Xindi Wei, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
4 Nov 2014 06:13

UK AGM, EGM Calendar - Week Ahead

Read more
3 Nov 2014 16:09

UK AGM, EGM Calendar - Week Ahead

Read more
3 Nov 2014 06:15

UK AGM, EGM Calendar - Week Ahead

Read more
31 Oct 2014 16:19

UK AGM, EGM Calendar - Week Ahead

Read more
31 Oct 2014 06:19

UK AGM, EGM Calendar - Week Ahead

Read more
30 Oct 2014 16:10

UK AGM, EGM Calendar - Week Ahead

Read more
30 Oct 2014 06:16

UK AGM, EGM Calendar - Week Ahead

Read more
29 Oct 2014 15:52

UK AGM, EGM Calendar - Week Ahead

Read more
29 Oct 2014 06:14

UK AGM, EGM Calendar - Week Ahead

Read more
28 Oct 2014 16:02

UK AGM, EGM Calendar - Week Ahead

Read more
18 Sep 2014 13:14

Strategic Equity Capital's Strong NAV Growth Outperforms Benchmark

Read more
19 May 2014 10:40

Strategic Equity Capital To Reinstate Tender Offer

LONDON (Alliance News) - Strategic Equity Capital PLC Monday reiterated that it intends to reinstate its cancelled tender offer for up to 4% of its issued share capital on "substantially" the same terms as initially intended, after receiving reassurances from investment manager GVO Investment Man

Read more
1 May 2014 12:43

Strategic Equity Capital Terminates Tender Offer But Plans Another

LONDON (Alliance News) - Strategic Equity Capital PLC Thursday said it has terminated its April tender offer to shareholders but intends to reintroduce another on "substantially the same terms" shortly, after it was told that the chief executive and chairman of its investment manager have resigne

Read more
5 Mar 2014 14:33

Strategic Equity Capital Appoints Chairman

LONDON (Alliance News) - Strategic Equity Capital PLC Wednesday said it has appointed Richard Hills as chairman with effect from September. Hills, who will replace John Hodson, is currently on the boards of two investment trust - JP Morgan Income & Capital PLC and Henderson Global Trust PLC

Read more
27 Feb 2014 15:48

Strategic Equity Capital Rises Strongly In Half Year

LONDON (Alliance News) - Strategic Equity Capital PLC Thursday said it performed well against the FTSE Smaller Companies Index ex-Investment Trust index over the first six months of the year, driven by what it called a "consistent focus on high quality smaller companies". At the end of the

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.