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TRADING UPDATES: LendInvest and Foresight Group assets rise

Thu, 09th Dec 2021 20:53

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

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LendInvest PLC - London-based asset management platform and property finance group - Assets under management up 32% annually to GBP1.83 billion at September 30, from GBP1.39 billion. Funds under management up 40% to GBP2.88 billion from GBP2.06 billion. Pretax profit in six month period amounts to GBP10.2 million, swinging from GBP200,000 loss a year prior. Revenue up 30% to GBP50.8 million from GBP39.1 million.

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Foresight Group Holdings Ltd - infrastructure and private equity investment manager - Assets under management at September 30, end of first half, rise to GBP8.13 billion from GBP6.77 billion. Revenue increases to GBP39.7 million from GBP32.4 million a year earlier. Pretax profit rises to GBP13.1 million from GBP8.3 million a year prior. Declares four pence per share dividend.

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Yellow Cake PLC - Jersey-based investor in uranium - Says net asset value at September 30 stood at GBP3.26 per share, down from estimated proforma NAV per share of GBP3.55 on December 7.

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DWF Group PLC - Manchester, England-based legal business - Revenue in half year ended October 31 up 3.8% annually to GBP203.5 million from GBP196.0 million. Swings to GBP11.0 million pretax profit from GBP11.0 million loss. Leaves payout unchanged at 1.50 pence per share. "The strong trading in HY22 is expected to continue in the second half of FY22 as the legal sector enjoys sustained demand for services, with the second half also expected to benefit from the normal marginally higher weighting of revenues. The group remains on track to deliver in line with medium term guidance," DWF says.

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Stanley Gibbons Group PLC - Saint Helier, Jersey-based collectable postage stamps retailer - Revenue in six months to September 30 rises to GBP4.8 million from GBP4.5 million a year earlier. Pretax loss widens to GBP1.5 million from GBP1.3 million. "The last 6 months have seen a slow but steady improvement in the trading environment as the impact of Covid-19 has lessened and mobility has started to increase. We are however not yet back to pre-pandemic conditions," Stanley Gibbons.

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Renew Holdings PLC - engineering services provider - Revenue in year ended September 30 up 28% to GBP791.0 million from GBP620.4 million. Pretax profit increases 27% to GBP40.8 million from GBP32.1 million. Ups final payout 34% to 11.17p per share from 8.33p. Total dividend for year amounts to 16p per share, from 8.33p.

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Aberdeen Diversified Income & Growth Trust PLC - invests across asset classes aiming for reliable income and growth - Net asset value per share rises 7.4% to 121.73p at September 30 year end, from 113.40p a year prior. Dividends per share up 1.5% to 5.52p from 5.44p.

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Schroder AsiaPacific Fund PLC - seeks long-term growth from investments across region's equity markets - Net asset value per share rises 13% to 631.72p at September 30 year end, from 567.16p a year prior. Dividends per share up 21% to 9.70p from 8.00p.

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Momentum Multi-Asset Value Trust PLC - London-based investment firm - Net asset value per share at October 31, half-year end, up 31% annually to 189.27p from 143.96p. Maintains quarterly payouts at 1.68p, meaning total dividends in respect to first half amount to 3.36p, unchanged yearly.

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TECC Capital PLC - special purpose acquisition company - Pretax loss in half year ended September 30 amounts to GBP124,187, solely down to administrative expenses. Company began trading on AQSE Growth Market on June 3.

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TwentyFour Select Monthly Income Fund Ltd - invests in less-liquid debt instruments - Net asset value per share at September 30 year end improves to 93.32p from 86.79p a year earlier. NAV total return improves to 15% from 2.8%. Dividends declared in respect to financial year upped 6.2% to 6.52p from 6.14p.

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Capital For Colleagues PLC - Wiltshire, England-based investment vehicle focused on the Employee Owned Business sector - NAV per share in year ended August 31 up 32% to 69.71p from 52.69p. "During the year under review, we completed one new investment. Craft Prospect Ltd is a space engineering business that develops enabling quantum and AI-based products and mission applications for the small satellite market," Capital For Colleagues says. In addition, company says it raises GBP2.0 million through placing of 3.1 million shares at 64p each. Chief Executive Alistair Currie acquires 84,187 shares at same price, taking interest to 686,282 shares, a 3.7% stake.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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