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TRADING UPDATES: Trakm8 expects loss; Sutton Harbour has strong summer

Wed, 14th Sep 2022 17:01

(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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Trakm8 Holdings PLC - Birmingham-based telematics and data insight provider - Expects to report a loss in the first half of its financial year, due to contract renewal timings, which will make the financial year ending March 31, 2023, be weighted more towards the second half. Company plans to focus more on the insurance, automotive and optimisation sectors. In spite of this however, Trakm8 remains on target to meet market expectations for revenue and adjusted profit for the year.

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CATCo Reinsurance Opportunities Fund Ltd - Bermuda-based close-ended fund - As at June 30, net asset value dropped to USD18.1 million from USD106.8 million at the end of January, as a result of a buy-out transaction, implemented through a redemption of 99% of holdings of each investors.

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Mobeus Income & Growth 4 VCT PLC - London-based investment firm - As at June 30, net asset value per share was 94.66 pence, down from 111.27p at the end of December. During the period, makes two new investments totalling GBP1.1 million, and four follow-on investments totalling GBP800,000. Also realises investments totalling GBP4.3 million in cash proceeds. Declares interim dividend of 4.00 pence per share, down from 5.0p a year prior.

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Sutton Harbour Group PLC - Plymouth, England-based harbour operator - Reports strong summer trading, with fully sold berthing at the company's marinas, and car park usage returning to pre-Covid levels. Occupancy of rental property remains robust to date, while the construction of Harbour Arch Quay is well underway with the service core built to full height and the third floor of eight now built.

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Helium One Global Ltd - London-based helium explorer in Tanzania - Signs letter of intent with Baker Hughes for the provision of integrated services to the Rukwa phase two drilling campaign. A target spud date has been set for between January and February next year, and Helium One has started its licence renewal process, including the relinquishment of non-prospective licence area totalling 1,548 square kilometres, saving USD309,600 per annum.

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Residential Secure Income PLC - real estate investment trust focused on retirement living and shared ownership homes - Agrees to a GBP15 million expansion of its GBP10 million revolving credit facility with Santander UK PLC. Expansion comes with an interest rate margin reduction of 55 basis points to 2.25% from 2.80%, as well as a one-year extension of the facility termination date to March 2025.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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