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Share Price: 182.50

Bid: 175.00

Ask: 190.00

Change: 0.00 (0.00%)

Spread: 15.00 (8.571%)

Open: 182.50

High: 182.50

Low: 182.50

Prev. Close: 182.50

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TRADING UPDATES: Tandem says revenue to fall, in line with market view

Wed, 01st Feb 2023 14:33

(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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Gaming Realms PLC - London-based developer and licensor of mobile-focused gaming content - Expects to report 2022 revenue of GBP18.7 million, up 27% from GBP14.7 million a year ago. Expects adjusted earnings before interest, tax, depreciation of about GBP7.7 million, up 36% from GBP5.7 million. Executive Chair Michael Buckley says: "We are seeing good momentum, and backed by an exciting commercial pipeline and new games, we are confident that we will achieve further progress in 2023." Additionally, promotes Chief Financial Officer Mark Segal to Chief Executive Officer with immediate effect. Names Finance Director Geoff Green as CFO, also starting immediately.

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Tandem Group PLC - Solihull, England-based sports product distributor - Says revenue for 2022 is expected to reach GBP26.7 million, down 35% on the prior year, but in line with market expectations. For 2021, revenue was GBP40.9 million. Expects pretax profit to be in line with market expectations too. Says 2023 starts slowly amid early Chinese New Year and as "consumers remain cautious with their purchasing". However, says it expects to see a different trading pattern this year, and will be targeting between 8% and 12% like-for-like growth on the full year.

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Gem Diamonds Ltd - diamond producer with diamond mining operations in Lesotho and Botswana - Says all operational metrics achieved for 2022 are within or better than guidance. Recovers 26,530 carats during the fourth quarter that ended on December 31, resulting in 106,704 carats recovered for the year. This is down from 115,335 a year ago. Sells 107,487 carats in 2022, down 2.0% from 109,698 a year ago. Average price per carat in 2020 stands at USD1,755, down from USD1,835 a year earlier.

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SulNOx Group PLC - London-based green technology company - Says revenue in the third quarter ended December 31 amounts to GBP45,720, up 9.1% from GBP41,901 in the second quarter. Revenue for the nine months to December 12 amounts to GBP120,515, nearly quadrupled from GBP31,386 a year earlier. Says the fourth quarter has started positively with a purchase order from a bulk carrier shipping company.

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By Xindi Wei, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

More News

9 Sep 2011 15:53

Poor retail outlook hits Tandem

AIM-listed sports and leisure equipment firm Tandem has warned that profits are to fall in the first half, compared with the same period last year, due to broader challengers for retailers. Pre-tax profit in the six months to 31 July is expected to be lower than the £648,000 reported the year befor

3 May 2011 07:21

Tandem revenue slips as profits rise

Sports and leisure equipment firm Tandem said revenue for the year ended 31 January fell 3% while pre-tax profit increased. The group incurred a number of cost pressures such as increases in freight and raw materials prices as well as shipping line disruptions and Far East labour shortages. Revenu

9 Feb 2011 15:01

Tandem predicts marginally improved profit

Sports and leisure equipment supplier Tandem says that its 2010-11 pre-tax profit will be slightly better than last year. AIM-quoted Tandem had already warned that Christmas trading might be weak and like-for-like turnover was 12.8% lower in the three months to December 2010. The poor weather had

20 Oct 2010 16:51

London close: Footsie shrugs off spending cuts

A strong performance on Wall Street breathed life back into Footsie after the leading share index suffered a weak spell following the Compehensive Spending Review (CSR). One sector to give the CSR the thumbs up was bus companies such as Stagecoach, Go-Ahead, FirstGroup and National Express. The sub

20 Oct 2010 14:21

London afternoon: Shares drift lower

Shares turned south over the lunchtime session though it is difficult to ascribe any of the losses to the impact of the Comprehensive Spending Review, much of which was widely as expected. Mining stocks are doing their bit to counteract the effects of Footsie stalwarts BAE Systems, Smiths Group and

20 Oct 2010 13:41

Tandem cautious on Christmas trading

The share price of sports and leisure equipment firm Tandem back-pedalled on Wednesday after the company said that tough trading conditions in September and October had made it wary about the group's prospects over the crucial Christmas trading period. Group revenue in the 27 weeks to 15 October wa

3 Sep 2010 16:33

London close: US jobs data buoys Footsie

Footsie was buoyant as trading closed for the weekend following some well-received US jobs data. The number of Americans who lost their jobs in August was 54,000 compared with predictions of over 100,000. The payrolls count in both the previous two months was also revised higher, exciting another

3 Sep 2010 14:13

London afternoon: Footsie hits 4-month peak

Dealing rooms across the City strapped on their buying boots ahead of the weekend following a much smaller than expected fall in US nonfarm payrolls. The number of Americans who lost their jobs in August was 54,000 compared with predictions of over 100,000. The payrolls count in both the previous t

3 Sep 2010 12:16

London midday: Traders play 'spot the bid target'

Footsie finished the morning not far off its high for the day, marginally above the 5,400 mark. It was a quiet morning for hard news, however, so traders entertained themselves with some good old fashioned bid speculation. Temporary power solutions provider Aggreko is the top performer on whispers

3 Sep 2010 09:02

London open: More gains for Footsie

Blue chips made progress early on for a sixth consecutive day, though all eyes will be on the US non-farm payrolls number at 1.30pm. US and Asian stocks made posted modest gains overnight. Autonomy is higher for a second day. Gossip doing the rounds yesterday was acquisition-hungry US software gian

3 Sep 2010 07:19

Tandem flags 'well ahead' FY

Sports and leisure equipment firm Tandem said it expects full year results to be well ahead of market expectations and will pay an interim dividend. The group said demand for its bikes remains strong with orders for bicycles, accessories and its toy businesses continuing to grow. "Increasing dema

21 Jun 2010 14:04

Tandem Group 20 Week Revenue Up 8% >TND.LN

LONDON (Dow Jones)--Tandem Group PLC (TND.LN), a manufacturer and distributor of sports and leisure equipment, said Monday revenue for the 20 weeks to June 18 was 8% above the comparative period last year. MAIN FACTS: -Trading conditions continue to be difficult due to cost pressures in resp

21 Oct 2009 08:11

Tandem H1 profit jumps 21%

Bikes, toys and sporting goods distributor Tandem said half year pre-tax profit jumped 21.3% while revenue rose 5.2%. Revenue for the six months ended 31 July 2009 rose to £18,949,000 from £18,020,000 in the same period last year. Profit before tax increased to £547,000 from £451,000. No dividend i

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