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Share Price: 66.70
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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.

More News
15 Mar 2023 13:39

SigmaRoc wins compensation claim against Swedish state

(Sharecast News) - Quarried materials group SigmaRoc announced on Wednesday that it has won its claim for compensation against the Swedish state, following a land use restriction that led to economic losses.

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10 Mar 2023 12:43

SigmaRoc spends £12m on two new acquisitions

(Sharecast News) - Quarried materials specialist SigmaRoc announced the completion of two acquisitions on Friday, valued at a total of £12m, as part of its capital investment project pipeline.

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6 Mar 2023 18:25

IN BRIEF: SigmaRoc MD Emmanuel Maes buys GBP180,000 in shares

SigmaRoc PLC - London-based quarried materials company - West Managing Director and Head of Mergers & Acquisitions Emmanuel Maes buys 320,301 shares at 56.8 pence each, worth GBP181,931, in London on Friday. Maes is now interested in 1.8 million shares, a 0.0265% stake.

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23 Feb 2023 17:00

LONDON MARKET CLOSE: FTSE 100 struggles, but European peers rise

(Alliance News) - Stock prices in London closed mixed on Thursday, with blue-chips ending in the red on renewed concerns of higher rates in the US, as well as a host of stocks going ex-dividend.

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23 Feb 2023 15:37

SigmaRoc raises £30m to part-fund possible acquisitions

(Sharecast News) - Quarried materials group SigmaRoc announced the raising of £30m through a placing and retail offer on Thursday, to part-fund a number of possible acquisitions.

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23 Feb 2023 10:53

AIM WINNERS & LOSERS: Quadrise says fuel cleared by Moroccan customs

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

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22 Feb 2023 17:59

IN BRIEF: SigmaRoc proposes GBP30 million fundraise to fund growth

SigmaRoc PLC - London-based quarried materials company - Proposes placing and retail offer to raise up to GBP30 million via issue of up to 55.6 million new shares at an issue price of 54 pence per share. Total value of retail offer shares available for subscription will not exceed GBP1 million, allowing retail investors the opportunity to participate in the fundraising. Intends for "certain directors and senior management" to participate in the placing up to an aggregate value of around GBP246,000. The fundraising shares represent around 8.7% of existing share capital.

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3 Feb 2023 13:41

TRADING UPDATES: Somero revenue short of outlook; SigmaRoc optimistic

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

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12 Dec 2022 15:01

TRADING UPDATES: SigmaRoc eyes annual revenue to be ahead of guidance

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

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12 Dec 2022 09:25

SigmaRoc flags earnings ahead of market expectations

(Sharecast News) - Quarried materials specialist SigmaRoc said in a trading update on Monday that revenues up to 30 November totalled £498m, up 20% year-on-year on a like-for-like basis.

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22 Nov 2022 16:50

SigmaRoc to install first carbon capture facility early next year

(Alliance News) - SigmaRoc PLC on Tuesday said it will install its first carbon capture facility in 2023 as it seeks to advance its environmental, social and governance credentials.

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22 Nov 2022 08:47

SigmaRoc to install carbon capture tech on its Nordkalk kilns

(Sharecast News) - SigmaRoc announced on Tuesday that it will install its first carbon capture facility in the first quarter of next year, aiming to capture all kiln process emissions by 2030, well ahead of its 2040 'net-zero' target.

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4 Nov 2022 20:38

TRADING UPDATES: SigmaRoc files patent; Griffin restarts operations

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

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4 Nov 2022 12:13

SigmaRoc gets UK patent for new retaining wall system

(Sharecast News) - Quarried materials group SigmaRoc has obtained a UK patent on its 'Alfabloc Mark II' retaining wall systems, it announced on Friday.

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4 Nov 2022 11:33

IN BRIEF: SigmaRoc secures patent for retaining wall system

SigmaRoc PLC - London-based quarried materials group - Obtains UK patent on its Alfabloc Mark II product, which is an interconnecting precast concrete walling system produced in the UK, Ireland, Benelux and Scandinavia. Each free-standing section can be interlocked to form a continuous wall, up to six metres high. SigmaRoc says the Alfabloc Mark II will make the installation and interlocking of the wall system even faster. It will be produced as an ultra-low carbon product from January.

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