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Pin to quick picksVenture Life Share News (VLG)

Share Price Information for Venture Life (VLG)

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Share Price: 38.75
Bid: 38.00
Ask: 39.50
Change: 0.75 (1.96%)
Spread: 1.50 (3.947%)
Open: 39.00
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Low: 38.10
Prev. Close: 38.25
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UK TRADING UPDATE SUMMARY: Novacyt Called Upon To Ramp Up UK Testing

Mon, 27th Apr 2020 13:51

(Alliance News) - The following is a round-up of updates by London-listed companies on the impact of the Covid-19 pandemic, issued on Monday and not separately reported by Alliance News:

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Novacyt SA - clinical diagnostics - Wins deal to supply Covid-19 testing kits to the UK Department of Health. To initially provide tests for six months. Committed to supply 288,000 tests per week for NHS use.

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Byotrol PLC - infection prevention - Continues to see exceptional demand across all markets due to the Covid-19 pandemic. Predicts strong demand to continued to at least the first quarter of year ending March 31, 2021, and likely beyond. Strong order book exceeding GBP2 million and expects record product sales in the first quarter. Estimates revenue of GBP6.0 million for financial 2020 and adjusted earnings before interest, tax, depreciation and amortisation of GBP250,000. Cash of GBP1.7 million at March-end.

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Mind Gym PLC - behavioural science - Expects revenue for year ended March 31 to rise 15% to GBP48.2 million and adjusted pretax profit between GBP5.8 million and GBP7.3 million. Furloughs some employees and 20% salary cuts implemented among workforce and directors. Founding directors forego 100% of salary.

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Omega Diagnostics Group PLC - allergy testing - Says partner Mologic Ltd's Covid-19 antibody test receives regulatory CE-mark. Omega to now work towards manufacturing 46,000 Covid-19 tests per day.

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Venture Life Group PLC - self-care products - Inks 15-year pact worth EUR168 million with partner for distribution of Dentyl mouthwash products in greater China. Says demand was high before and after Covid-19 outbreak in China.

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EKF Diagnostics PLC - healthcare products - Says demand for PrimeStore MTM sample collection device boosted amid pandemic. First quarter trading exceeded expectations and on-track for full-year growth.

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Faron Pharmaceuticals Oy - biopharmaceuticals - Reports Traumakine respiratory drug to be included in World Health Organization's Solidarity trial for potential Covid-19 treatments.

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Hostelworld Group PLC - hostel operator - Reports Covid-19 outbreak has caused significant disruption in travel market. First quarter earnings before interest, tax, depreciation and amortisation down by about USD4.8 million year-on-year and second quarter booking volumes minimal.

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Camellia PLC - agriculture - Says all operations bar India running close to full capacity. Some tea auctions have been cancelled in recent weeks and tea prices poor in first quarter due to overproduction in 2019, but sees some signs of increased demand amid virus crisis. Engineering business running close to full capacity but says all of UK Food Service have been forced to furlough some staff.

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Union Jack Oil PLC and Reabold Resources PLC - hydrocarbon producer and oil & gas investor - Both note operator of West Newton A-2 well receives positive decision from UK regulators. Testing operations at West Newton to commence after Covid-19 movement curbs subside. Reabold has 39% stake in West Newton, Union Jack has 17% interest.

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Serinus Energy PLC - gas producer - Executive directors take 20% pay cut due to virus crisis and commodity price crash. Will receive company shares to top up salary. Non-executive to take 25% cut in fees.

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Petroneft Resources PLC - oil & gas producer - Reports successful re-entry of C-3 well in Cheremshanskoye field, Russia. Well re-entry programmes suspended due to pandemic.

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Anglo Pacific Group PLC - natural resources - Says Covid-19 has had minimal impact on royalties in first quarter. Says total portfolio contribution in first quarter down 1.6% quarter-on-quarter to GBP12.6 million.

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ADM Energy PLC - oil & gas investor - Says social distancing measures adopted in offices. Putting in place measures for immediate 35% cut in general and administrative expenses. Unclear on how Covid-19 and commodity price falls will affect investment level.

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Aminex PLC - oil & gas producer - Names Non-Executive Robert Ambrose as interim chief executive officer. Says focus on fixed-price sales contracts protected it from oil price falls but adds delays in Tanzania operations likely due to movement restrictions. Granted extension on Ruvuma licence, Tanzania. Investor Solo Oil PLC, with 25% stake in Ruvuma, noted licence extension.

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Chaarat Gold Holdings Ltd - gold miner - Closes placing, raising USD13.8 million. Says placing conducted to strengthen finances amid challenging market.

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Yu Group PLC - utilities supplier to businesses - Launches Assist and Agile energy plans for businesses hurt by Covid-19. Both plans allow for reduced energy prices.

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Staffline Group PLC - recruiter - Names Ian Lawson as executive chair effective immediately, replacing Chris Pullen. Says demand in food sector surged, but slumped in manufacturing, retail and automotive. Has furloughed some staff where possible.

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SimplyBiz Group PLC - compliance and business services - Implements cost savings like freezing spend, halting pay rises and cutting director salaries. Confirms final dividend for 2019 but rules out interim 2020 dividend. Withdraws full-year guidance. Non-Executive Director Gary Hughes to become deputy chair with immediate effect.

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Trakm8 Holdings PLC - data insight - Says revenue for year to March 31 in line with guidance, 2% higher at GBP19.6 million. Says Covid-19 delayed hardware shipments, and meant that negotiations with UK-based food retailer were not completed.

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System1 Group PLC - online market research - Expects fourth quarter sales revenue to fall by a quarter and by 2% in year to end of March. Has furloughed some staff and adds that board and other senior executives have agreed to defer 20% of salaries.

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Quartix Holdings PLC - vehicle tracking software - Says initial impact on earnings from pandemic was limited. Unable to provide annual guidance due to uncertainty. Trading in first quarter ended March in line with expectations.

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7digital Group PLC - digital music streaming - Implements cost cuts, saving GBP750,000 per month. Says Covid-19 has meant some first half contract wins pushed to second half.

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Accesso Technology Group PLC - software solutions - Says cost cuts mean monthly expenses reduced by USD2.6 million. Furloughs 50% of staff and cuts 29 additional full-time positions. Says pandemic has hit key markets, including North America, but backs rebound.

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Holders Technology PLC - products for printed circuit boards - Cuts planned final dividend by two-thirds to 0.25 pence per share from 0.75p per share to save costs amid pandemic.

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Windar Photonics PLC - wind sensors developer - Receives order for 30 WindVision systems in China. Says all employees agree to 20% monthly salary cut due to Covid-19.

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Filtronic PLC - antenna manufacturer - Says supply chain a concern but does not predict critical shortages of materials. Search for new CEO delayed due to virus. Does not expect a new CEO to join before its first quarter beginning June.

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Alumasc Group PLC - building products - Water Management to reopen sites in Burton Latimer, Northamptonshire, and Halstead, Essex, from Monday. Says some furloughed staff in Roofing and Levolux units to be brought back if demand allows.

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Springfield Properties PLC - housebuilder - Agrees an additional GBP18 million one-year loan with Royal Bank of Scotland, increasing total credit facility to GBP85 million. Says 90% of workforce furloughed and executive and non-executive directors agree to 50% reduction in salary.

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Macau Property Opportunities Fund Ltd - property investor - Says no new Covid-19 infections in Macau since April 9. Completes USD2.4 million disposal of a unit at One Central Residences skyscraper in Macau.

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SQN Secured Income Fund PLC - investment trust - To hold general meeting on continuation vote in June, unable to hold meeting in first quarter of 2020 due to Covid-19.

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Verditek PLC - green technology investor - Says Lainate in Italy commenced production on April 6, after employees self-isolated in line with government guidance. Signs deal to develop solar panel manufacturing site in Portugal.

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PCF Group PLC - specialist bank - Says virus had limited impact on first half, though future hurt expected. Says Covid-19 outbreak has reduced lending levels.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
19 Apr 2024 10:57

Venture Life renews revolving credit facility

(Sharecast News) - Self-care products specialist Venture Life Group announced the renewal of its revolving credit facility with Santander UK and HSBC Innovation Bank on Friday.

Read more
19 Apr 2024 09:18

Venture Life renews revolving credit facility with Santander and HSBC

(Alliance News) - Venture Life Group PLC on Friday said it had renewed its revolving credit facility with Santander UK PLC and HSBC Innovation Bank Ltd.

Read more
9 Apr 2024 12:16

Venture Life to benefit from higher prices as profit surges in 2023

(Alliance News) - Venture Life Group PLC on Tuesday said it was set for continued profit and revenue growth as it reported a jump in annual profit.

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5 Apr 2024 13:52

UK earnings, trading statements calendar - next 7 days

Monday 8 April 
Bango PLCFull Year Results
Ferrexpo PLCTrading Statement
Globaltrans Investment PLCFull Year Results
Tuesday 9 April 
Alliance Pharma PLCFull Year Results
CMC Markets PLCTrading Statement
hVIVO PLCFull Year Results
Imperial Brands PLCTrading Statement
IQE PLCFull Year Results
JTC PLCFull Year Results
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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  

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1 Feb 2024 16:23

Venture Life flags solid rise in full-year revenue

(Sharecast News) - Venture Life said in an update on Thursday that it achieved full-year revenue of £51m in 2023, making for 16% year-on-year growth.

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1 Feb 2024 12:03

Venture Life credits success to portfolio "robustness and variety"

(Alliance News) - Venture Life Group PLC on Thursday celebrated an "upward trend" across its brand products, as the company looks to further diversify its sales channels in 2024.

Read more
25 Sep 2023 12:47

Venture Life loss widens on higher amortisation and finance costs

(Alliance News) - Venture Life Group PLC shares dropped on Monday, after it reported a widened interim loss amid higher amortisation and finance costs.

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18 Sep 2023 15:54

UK earnings, trading statements calendar - next 7 days

Tuesday 19 September 
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Big Technologies PLCHalf Year Results
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Concurrent Technologies PLCHalf Year Results
CPPGroup PLCHalf Year Results
Eagle Eye Solutions Group PLCFull Year Results
Fintel PLCHalf Year Results
Good Energy Group PLCHalf Year Results
Hargreaves Lansdown PLCFull Year Results
Henry Boot PLCHalf Year Results
Kingfisher PLCHalf Year Results
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Maintel Holdings PLCHalf Year Results
McBride PLCFull Year Results
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Ocado Group PLCTrading Statement
Renishaw PLCFull Year Results
Serica Energy PLCHalf Year Results
SThree PLCTrading Statement
Surgical Innovations Group PLCHalf Year Results
Team17 Group PLCHalf Year Results
Trustpilot Group PLCHalf Year Results
Water Intelligence PLCHalf Year Results
Xaar PLCHalf Year Results
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Advanced Medical Solutions Group PLCHalf Year Results
ASA International Group PLCHalf Year Results
Destiny Pharma PLCHalf Year Results
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Epwin Group PLCHalf Year Results
Galliford Try Holdings PLCFull Year Results
GENinCode PLCHalf Year Results
HydrogenOne Capital Growth PLCHalf Year Results
Judges Scientific PLCHalf Year Results
LBG Media PLCHalf Year Results
M&G PLCHalf Year Results
Oxford Biomedica PLCHalf Year Results
PYX Resources LtdHalf Year Results
Round Hill Music Royalty Fund LtdHalf Year Results
Supermarket Income REIT PLCFull Year Results
Ten Entertainment Group PLCHalf Year Results
Warpaint London PLCHalf Year Results
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Aquis Exchange PLCHalf Year Results
Chesnara PLCHalf Year Results
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CVS Group PLCFull Year Results
DFS Furniture PLCFull Year Results
Halma PLCTrading Statement
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SSP Group PLCTrading Statement
Strix Group PLCHalf Year Results
Friday 22 September 
Ascential PLCHalf Year Results
Ergomed PLCHalf Year Results
First Tin PLCHalf Year Results
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Getech Group PLCHalf Year Results
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Transense Technologies PLCFull Year Results
Venture Life Group PLCHalf Year Results
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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31 Jul 2023 11:51

IN BRIEF: Venture Life interim revenue rises, outlook remains hopeful

Venture Life Group PLC - Berkshire, England-based developer and manufacturer for self-care market - Says revenue for its first half ended June 30 was up 24% to GBP23.5 million from GBP18.9 million a year before. Venture Life says this was due to growth from both the VLG Brands and Customer Brands, including the recent acquisition of HL Healthcare Ltd. The company's cash grew to GBP4.6 million, from GBP1.8 million the prior year. Venture Life says it remains cautiously optimistic that it expects to perform in line with market expectations.

Read more
22 May 2023 17:31

IN BRIEF: Venture Life sees minor shareholder rebellion at AGM

Venture Life Group PLC - Berkshire, England-based self-care product manufacturer and distributor - Notes that 26% of its shareholders voted against the approval of resolution six at its annual general meeting on Monday, which would authorise directors to allot shares in the company. 36% of its shareholders also vote against resolution seven, which proposed that if resolution six passed, directors would be authorised to allot equity securities for cash.

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22 May 2023 10:50

IN BRIEF: Venture Life eyes annual performance in line with guidance

Venture Life Group PLC - Berkshire, England-based self-care product manufacturer and distributor - Says it remains "cautiously optimistic" about the outlook for 2023 and our ability to deliver full-year performance in line with market expectations. In 2022, revenue was GBP44.0 million. Pretax profit was GBP706,000.

Read more
19 May 2023 16:25

Venture Life co-founder Sharon Daly stepping down

(Sharecast News) - Personal care products maker Venture Life announced the departure of Sharon Daly from the company on Friday, effective 3 August.

Read more
19 May 2023 10:23

Venture Life Co-Founder & CCO Sharon Daly steps down

(Alliance News) - Venture Life Group PLC on Friday said Sharon Daly will leave the company on August 3.

Read more
15 May 2023 15:55

UK shareholder meetings calendar - next 7 days

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Chesnara PLCAGM
Dialight PLCAGM
Dunedin Income Growth Investment Trust PLCAGM
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Essentra PLCAGM
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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4 Apr 2023 09:35

Venture Life profit drop driven by HL Healthcare purchase; revenue up

(Alliance News) - Venture Life Group PLC on Tuesday said its annual profit fell amid administrative costs, but maintains hopeful outlook as revenue increased.

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