Less Ads, More Data, More Tools Register for FREE

Pin to quick picksStm Grp. Share News (STM)

Share Price Information for Stm Grp. (STM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 57.50
Bid: 55.00
Ask: 60.00
Change: 0.00 (0.00%)
Spread: 5.00 (9.091%)
Open: 57.50
High: 57.50
Low: 57.50
Prev. Close: 57.50
STM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EARNINGS UPDATES: Colefax profit surges; MJ Hudson plans maiden payout

Thu, 12th Aug 2021 17:21

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

----------

Colefax Group PLC - London-based luxury furnishing fabrics and wallpapers distributor - Says sales decreased by 1% in the financial year to April 30 to GBP77.9 million, but on a constant currency basis, sales increased by 2%. Pretax profit jumped to GBP5.4 million from GBP2.2 million year-on-year, mainly driven by a strong recovery in core Fabric division sales, and also lower new product investment. The company is not proposing a final dividend but intends to restart dividends in the new financial year.

----------

MJ Hudson Group PLC - Jersey-based asset management consultancy - Says underlying revenue grew over 25% in the twelve months ended June 30. This includes maiden contributions from recent acquisitions, PERACS and Bridge. The company says it continued to invest in technology aimed at improving infrastructure, creating long term cost efficiencies and launching new software-driven products. The company expects to announce its maiden dividend with its preliminary results.

----------

Riverstone Credit Opportunities Income PLC - closed-ended investment company - Declares quarterly dividend of 1.8 US cents per share. The company reports net asset value per share as at June 30 of 103.49 cents, down from 104.35 cents posted the year earlier. The company reports a pretax profit of USD2.6 million for the six months to June 30, up from USD2.5 million reported the year ago, as a result of income received from the investment portfolio and changes in the portfolio's valuations.

----------

Sativa Wellness Group Inc - Vancouver, Canada-based therapeutic life science company - Reports its first quarterly profit in 2021. Revenue in the three months to June 30 jumped to GBP3.5 million year-on-year, up by GBP3.1 million versus the equivalent period the previous year. The half-year revenue was up to GBP4.9 million, GBP4.1 million higher than a year earlier. Sativa also recorded first net profit of GBP46,000 compared to GBP1.4 million loss a year ago.

----------

STM Group PLC - Isle of Man-based life insurer - Continues to trade in line with management's expectations for 2021. The company says the focus for the second half of 2021, and going into 2022, is the acceleration of new business revenue. The second half of 2021 has already seen progress being made in relation to additional distribution through partnership collaborations and the relaunch of STM's short-term annuity product, both of which will contribute to new business revenue for 2021, the company says.

----------

Ocean Wilsons Holdings Ltd - Pembroke Parish, Bermuda-based - Reports a swing to pretax profit of USD66.2 million in the six months to June 30 from USD1.8 million loss a year ago. Revenue, meanwhile, rises to USD188.9 million from USD174.2 million year-on-year. Revenues were up for all lines of business compared to the first half of the prior year. Dividends paid to shareholders in the period total USD24.8 million, up from USD10.6 million a year ago.

----------

Tribal Group PLC - Bristol, England-based education software and services firm - Reports revenue for the three months to June 30 of GBP39.3 million versus GBP38.2 million posted a year earlier. Tribal pretax profit jumps 17% year-on-year to GBP4.4 million. The company notes continued strong sales performance, adding four new SIS customers across Tribal's range of software offerings in the first six months of the year. Looking ahead, the company says it expects to beat market expectations for full year.

----------

Checkit PLC - Cambridge, England-based cloud-based workflow, monitoring and analytics services provider - Says revenue for the six months to the end of July grew by 13% to GBP4.3 million and recurring revenue by 31% to GBP1.5 million compared to a prior year. Cash as at July 31 was GBP8.5 million versus GBP11.5 million on January 31.

----------

Caledonia Mining Corp PLC - Saint Helier, Jersey-based gold producer - Reports revenue of USD30.0 million for the three months to June 30, a 31%increase on the USD22.9 million achieved in the second quarter of 2020. Gross profit rises by 51% year-on-year to USD13.9 million. Total dividend paid in the quarter were 12 cents per share, a further dividend at the increased rate of 13 cents per share was paid in July. Turning to operations, the company says 16,710 ounces of gold produced in the quarter, 24% higher than the 13,499 ounces produced a year earlier and a new production record for a second quarter. Production in July was 5,995 ounces, which is a further increase in average monthly production, the company notes.

----------

Vaalco Energy Inc - Texas, US-based hydrocarbon exploration company - Reports strong second quarter of 2021 net income of USD5.9 million and adjusted net income of USD8.4 million. Vaalco sells 642,000 barrels of oil in the three months to June 30, an increase of 4% over the first quarter of 2021 and above the high end of second-quarter guidance. The company says second quarter results reflect the positive impact for a full quarter of the acquisition of the Sasol interest at Etame that closed in February.

----------

Arrow Global Group PLC - Manchester, England-based firm purchasing debt from banks, credit card companies and telecommunications businesses - Says pretax profit before takeover costs for the six months to June 30 was GBP22.9 million, a swing from a loss of GBP135.9 million a year ago. Arrow shareholders voted in favour of the recommended all cash offer by TDR Capital at the court and general meetings on May 21. Completion, subject to regulatory approvals, expected by the end of the third quarter of 2021. Arrow Global reports resilient third-party income growth, up 13% to GBP44.8 million in the half year.

----------

Clean Invest Africa PLC - investor in energy firms - Looks forward to the next period with significant optimism due to the substantial and strong pipeline and in addition a developing opportunity to expand beyond coal into higher value natural resources and potentially into the battery market. "We have a very strong pipeline of commercial initiative and a good management team that has proven to be very resilient navigating the huge and lengthy challenges posed by the Covid-19 pandemic," says Chief Executive Filippo Fantechi.

----------

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
17 Jun 2021 16:01

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
11 May 2021 14:12

TRADING UPDATES: Treatt hikes dividend as earnings jump in year

TRADING UPDATES: Treatt hikes dividend as earnings jump in year

Read more
11 May 2021 08:50

STM Group profits slip as it focuses on core services

(Sharecast News) - Financial services provider STM Group reported underlying revenue of £24m in its final results on Tuesday, up from £22.9m in the prior year.

Read more
10 May 2021 14:20

STM sells Jersey-based trust services business

(Sharecast News) - Cross-border financial services provider STM Group announced the unconditional sale of its Jersey-based trust and company services businesses for a minimum of £1.4m cash.

Read more
10 May 2021 13:38

IN BRIEF: STM Group sells businesses in Jersey for GBP1.4 million

IN BRIEF: STM Group sells businesses in Jersey for GBP1.4 million

Read more
29 Apr 2021 20:27

IN BRIEF: STM unit eyes Supreme Court permission to appeal verdict

IN BRIEF: STM unit eyes Supreme Court permission to appeal verdict

Read more
16 Apr 2021 13:26

IN BRIEF: STM delays annual results due to court case; results in line

IN BRIEF: STM delays annual results due to court case; results in line

Read more
1 Apr 2021 22:03

IN BRIEF: STM Group disappointed by Carey Pensions losing appeal

IN BRIEF: STM Group disappointed by Carey Pensions losing appeal

Read more
24 Mar 2021 16:44

TRADING UPDATES: Arden Partners to return to annual profitability

TRADING UPDATES: Arden Partners to return to annual profitability

Read more
3 Feb 2021 11:20

CORRECT: AIM WINNERS & LOSERS: Brave Bison Charges Ahead

CORRECT: AIM WINNERS & LOSERS: Brave Bison Charges Ahead

Read more
3 Feb 2021 11:11

AIM WINNERS & LOSERS: Brave Bison Charges Ahead On Contract Win

AIM WINNERS & LOSERS: Brave Bison Charges Ahead On Contract Win

Read more
3 Feb 2021 09:46

STM Shares Rise On Expected Earnings Growth; CFO Neish To Step Down

STM Shares Rise On Expected Earnings Growth; CFO Neish To Step Down

Read more
3 Feb 2021 08:42

STM Group CFO to stand down

(Sharecast News) - Financial services group STM said on Wednesday that long-time chief financial officer Therese Neish will resign from the company after 17 years.

Read more
30 Nov 2020 17:57

IN BRIEF: STM Group Expects 2020 Results In Line With Expectations

IN BRIEF: STM Group Expects 2020 Results In Line With Expectations

Read more
30 Nov 2020 10:11

STM Group FY revenues grow despite Covid-19

(Sharecast News) - Financial services provider STM Group said on Monday that it expects to deliver revenues of £23.7m for the twelve months ending 31 December despite "significant macro-economic challenges" experienced throughout the year.

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.