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UK TRADING UPDATE SUMMARY: SigmaRoc Raises Funds As Revenue Grows

Wed, 09th Dec 2020 17:19

(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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SigmaRoc PLC - construction materials group - For the 11 months to the end of November, revenue grew by 78% year-on-year to GBP114 million, significantly ahead of market expectations, due to improving demand throughout the period. Looking ahead, expects annual underlying results to be ahead of market expectations. In addition, has raised GBP12.4 million through a placing of 24.3 million shares at 51 pence each. Proceeds will go towards near-term acquisitions and investment pipeline.

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Hargreaves Services PLC - Durham, England-based diversified group delivering services to the industrial and property sectors - For the six months to the end of November, underlying pretax profit and revenue expected to be lower than the same period year before, which was at GBP5.2 million and GBP124.7 million respectively. This is attributed to phasing of works on the HS2 project within the Specialist Earthworks business. However, management's expectations for full year remains unchanged.

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S&U PLC - Birmingham-based motor finance firm - For third quarter ended December 8, UK used car transactions rose by 4.4% to 2.16 million vehicles, however net recievables dropped to GBP253 million from GBP260 million the year before, while customer numbers dropped to 63,000 from 63,500. Collection rates at 87.5%, down from 94% the year before but up from 74.1% in the second quarter.

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Time Finance PLC - Bath, England-based finance provider to UK small and medium businesses - Expects lending book at November 30 at GBP105 million, down from GBP125 million the same date the year before, leading to expectations of revenue for the six month period at GBP11.6 million, down from GBP15.6 million the prior year. In addition, pretax profit expected to be GBP1.2 million, down from GBP3.0 million.

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Wentworth Resources PLC- natural gas producer - For third quarter of 2020, production volumes at 68.8 million cubic feet per day, compared to 58.3 million cubic feet for the first half of the year, due to increased demand. Remains on-track for 2020 annual guidance of 60 to 70 million cubic feet per day.

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Dialight PLC - London-based industrial LED lighting technology and solutions - As Lighting MRO orders improves since April, there has been a modest recovery in project work despite challenging market conditions. Net debt as at November 30 was GBP14.9 million.

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Marshall Motor Holdings PLC - Cambridge-based auto dealer - For 2020, underlying pretax profit expected to be no less than GBP19 million, compared to GBP15 million the year before. Traded strongly in October due to retail unit sales growth on a like-for-like basis, more than offsetting the closure of showrooms throughout November.

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SimplyBiz Group PLC - business services provider to financial advisers - For 2020, expects adjusted earnings per share to be no less than 11.0 pence, and is set to propose a final dividend of 2.0 pence per share. For the next two to three years, revenue growth is expected to be between 5% and 7% per annum.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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15 Apr 2019 11:18

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SigmaRoc buys chunk of Welsh quarry operator GDH

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SigmaRoc Raises GBP12 Million Toward CCP Building Products Purchase (ALLISS)

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SigmaRoc Increases Santander Facility To GBP34 Million (ALLISS)

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17 Jan 2019 14:29

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10 Jan 2019 13:19

SigmaRoc Hires Tarmac Director McClelland To Help With Foelfach Quarry

LONDON (Alliance News) - SigmaRoc PLC on Thursday said it appointed David McClelland as managing director following the purchase of Foelfach quarry located in Carmarthenshire, south AIM-listed the

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10 Jan 2019 11:40

SigmaRoc strengthens focus on west and south west UK

(Sharecast News) - Buy-and-build construction materials group SigmaRoc updated the market on two key developments in the continued roll-out of its growth strategy on Thursday.

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SigmaRoc Buys Concrete Firm CCP, Adjusts Debt Amid Strong Results

LONDON (Alliance News) - Construction materials firm SigmaRoc PLC said Monday it has acquired a concrete firm for GBP15 million amid "strong" results for the firm during the first ten of

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7 Nov 2018 11:46

SigmaRoc Director Drinkwater Resigns Due To Personal Health Reasons

LONDON (Alliance News) - Buy-and-build construction material company SigmaRoc PLC said Wednesday that Director Gary Drinkwater resigned from the board with immediate effect.Drinkwater down

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28 Sep 2018 14:06

SigmaRoc Half-Year Revenue And Profit Jump; Will Meet Annual Targets

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21 May 2018 11:50

SigmaRoc Swings To Profit In 2017 After Ronez Acquisition

LONDON (Alliance News) - SigmaRoc PLC said on Monday that it swung to a profit in 2017 as a result of acquiring Ronez Ltd.For the year ended December 31, the construction company made a of

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5 Jan 2017 09:04

SigmaRoc completes first acquisition and £50m placing

(ShareCast News) - SigmaRoc, formed as a cash shell with a buy-and-build strategy focused on the construction materials sector, has completed its acquisition of Ronez from concrete colossus LafargeHolcim group, for £45m in cash. The acquisition, which constituted a reverse takeover of the company du

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15 Dec 2016 09:06

SigmaRoc to buy Channel Islands-based building supplier for £45m

(ShareCast News) - Construction investor SigmaRoc is to buy channel Islands-based building product supplier Ronez for £45m in cash after raising £50m in equity. The AIM-listed company is to buy Ronez, a subsidiary of Aggregate Industries, which is part of the LafargeHolcim Group, a Swiss building ma

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21 Nov 2016 09:29

SigmaRoc Eyes Reverse Takeover Of Construction Firm From LafargeHolcim

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