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Pin to quick picksSupply@me Cap Share News (SYME)

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EARNINGS SUMMARY: HSS Hire reinstates interim dividend, revenue up

Thu, 29th Sep 2022 16:14

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

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HSS Hire Group PLC - Manchester-based tool and equipment rental firm - Revenue in 26 week period to July 2 climbs 9.3% to GBP159.9 million, from GBP146.3 million in the same period last year. Pretax profit declines to GBP6.5 million from GBP6.8 million year-on-year. Reinstates interim dividend, with a 0.17 pence per share payout. Says that this reflects confidence in its long-term growth strategy. Says it has seen revenue growth of 10% in the third quarter to date, with earnings before interest, tax, depreciation and amortisation in line with management expectations. Also remains confident that full-year Ebita will be in line with market expectations, whilst remaining mindful of macroeconomic backdrop. "Whilst uncertainty remains, the construction output forecasts in the market continue to point to growth in 2023 and 2024. We are confident that should the outlook worsen, our flexible, low-cost business model and strong balance sheet puts us in the best possible position to outperform the sector," the company adds.

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Made.com Group PLC - London-based online furniture retailer - Revenue in first six months of 2022 rises 4.2% to GBP178.2 million from GBP171.0 million year-on-year. However, pretax loss widens to GBP35.3 million from GBP10.1 million in the same period last year. Distribution expenses climb to GBP47.4 million, compared to GBP33.8 million last year. Looking forward, the company says it has withdrawn its full-year guidance, due to the volatile trading environment in the UK and Europe. "The group has faced a significant reduction in demand which has been difficult for the business and its stakeholders. Although we took immediate action to adjust inventory levels and control costs and have launched a transformation plan that will make the business more agile and resilient, we believe that the decision we have taken to launch the Strategic Review and Formal Sale Process, is the best route to protect shareholder value," says Chief Executive Nicola Thopmson.

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Supply@Me Capital PLC - London-based inventory monetisation platform - Revenue in the first six months of 2022 falls to GBP209,000, from GBP271,000 in the same period last year. Pretax loss widens to GBP6.3 million, compared to GBP1.7 million year-on-year. Does not declare a dividend and says it does not foresee a dividend being payable in the next financial year, as it continues to concentrate on growing its market share and enhancing its technology and capabilities. Says it expects to start building a "track record" from its inventory monetisation division, after its first transaction was executed in August. "The SYME team continues to work tirelessly to manage and develop our pipeline of corporate clients, and engage with potential third-party Inventory Funders that have expressed an interest in the IM asset class, through the group's innovative Platform," Chief Executive Alessandro Zamboni continues.

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Rockhopper Exploration PLC - Salisbury, England-based oil & gas exploration and production company - Revenue in first half of 2022 climbs to USD523,000 from USD347,000 in the first half of 2021. Pretax loss narrows to USD749,000 from USD3.3 million year-on-year. Looking ahead, says it is in the "best shape" it has been for many years, following three "major" milestones since the start of the year. "Amidst continued global uncertainty and material domestic pressures, we continue to believe a responsibly developed Sea Lion oilfield could provide both a meaningful source of financial benefit to the Falkland Islands, and a strategically and financially important resource to the United Kingdom," says Chair Keith Lough.

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By Sophie Rose; sophierose@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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28 Apr 2023 17:13

EARNINGS SUMMARY: Supply@Me and Kavango Resources annual losses widen

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

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26 Apr 2023 16:52

TRADING UPDATES: Capital Metals to appeal Sri Lanka mining suspension

(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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24 Mar 2023 10:28

SMALL-CAP WINNERS & LOSERS: James Fisher drops as results delayed

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

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20 Jan 2023 10:46

Supply@Me warehoused goods inventories valuation up within pipeline

(Alliance News) - Supply@Me Capital PLC on Friday said there was growth in its client companies' pipeline regarding warehoused goods inventories suitable for monetisation.

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21 Dec 2022 17:44

TRADING UPDATES: Homeserve takeover sanctioned; Ariana finds nickel

(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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21 Oct 2022 16:52

TRADING UPDATES: Custodian REIT sells GBP9.3 million shopping centre

(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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13 Oct 2022 14:35

TRADING UPDATES: Boku partners with DAZN; Immotion signs two contracts

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

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12 Sep 2022 10:29

Supply@Me achieves first Inventory Monetisation transaction

(Alliance News) - Supply@Me Capital PLC on Monday confirmed the success of its first transaction for its Inventory Monetisation product.

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18 Aug 2022 12:45

IN BRIEF: Supply@Me raises GBP320,000 in open offer

Supply@Me Capital PLC - London-based inventory monetisation platform - Raises GBP320,885 gross in open offer of 641.7 million shares, and issues 320.9 million open offer warrants. Receives application under excess application facility for 5.3 billion excess shares, which it will scale back pro-rata. Firm's share capital will comprise 42.99 billion shares after the new shares are issued.

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9 Aug 2022 14:30

IN BRIEF: Supply@Me shares up on inventory monetisation transaction

Supply@Me Capital PLC - London-based inventory monetisation platform - Says its client company has signed a binding commitment to carry out its first inventory monetisation transaction. The inventory monetisation solution helps manufacturing and trading businesses generate cash flow, it adds.

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29 Jul 2022 19:36

TRADING UPDATES: Walker Crips assets grow; Minoan interim loss narrows

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

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25 Jul 2022 15:54

DIRECTOR DEALINGS: EnQuest CEO buys 4 million shares in two weeks

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Monday and not separately reported by Alliance News:

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22 Jul 2022 11:15

Supply@Me to raise over GBP320,000 via an open offer to repay loans

(Alliance News) - Supply@Me Capital PLC on Friday said it intends to raise GBP320,855 through an open offer, as part of its "capital enhancement plan".

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18 Jul 2022 19:28

IN BRIEF: Supply@Me raises GBP675,000 via issue of shares

Supply@Me Capital PLC - London-based inventory monetisation platform - Issues third tranche of shares under equity funding facility with Venus Capital SA, with GBP675,000 raised in issue of 1.4 million shares at 0.05 each pence. Will issue Venus one warrant for every two shares in the tranche, for a total of 5.6 million warrants over the three tranches. Warrants are exercisable at 0.065p until December 31 2025. The facility is part of the firm's capital enhancement plan.

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