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Pin to quick picksWater Intel. Share News (WATR)

Share Price Information for Water Intel. (WATR)

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Share Price: 365.00
Bid: 360.00
Ask: 370.00
Change: 25.00 (7.35%)
Spread: 10.00 (2.778%)
Open: 340.00
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EARNINGS AND TRADING: Capital for Colleagues reports "solid progress"

Thu, 01st Feb 2024 14:30

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

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Vanquis Banking Group PLC - Bradford, England-based lender - Confirms that business has traded broadly in line with its expectations, and now expects to report adjusted pretax profit of around GBP25 million for 2023, down from GBP126.6 million for 2022. Says it will publish full year results on March 27.

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Capital for Colleagues PLC - Warminster, England-based investor in employee-owned businesses - Says it "made further solid progress during the year [ended August 31] against a continuing difficult economic background." Net asset value at August 31 was 81.99 pence, up 10% from 74.49p one year prior. Pretax profit for financial 2023 was GBP1.7 million, up from GBP1.4 million the year before. Revenue increases to GBP887,000 from GBP492,000, while fair value gain on investments grows to GBP1.8 million from GBP1.5 million. Company declares final dividend of 2.00 pence per share. Says its pipeline has interesting new opportunities for investment, and hopes to announce "a further exciting new investment in the near future".

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Water Intelligence PLC - London-based leak detection services company - Says that since the start of 2024 it has signed two national contracts between its subsidiary American Leak Detection and "top-tier national insurance companies in the [US]". Contracts will launch on February 1, and "reinforce ALD's brand leadership in providing solutions for water-related claims, which is one of the largest source of claims in the US home insurance market". Says one contract is a multi-year expansion of an existing national contract, including a price increase; the other is a new deal with with a high-end residential market leader.

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Henderson Opportunities Trust PLC - London-headquartered investment trust run by Janus Henderson Fund Management UK Ltd, focused on smaller UK companies - Reports negative 9.3% NAV total return for the year to October 31, compared with negative 7.6% for the year before. Benchmark, the FTSE All-Share Index, delivers positive 5.9%. NAV at year end was 1,035.2p, down from 1,173.7p. Net assets decrease to GBP81.8 million from GBP92.7 million. Declares full-year dividend of 35.5p per share, up from 34.0p for the prior year. Says outlook remains uncertain, but that since year end the UK market is showing signs of recovery. Believes its investees are "well positioned to prosper in these circumstances" despite financial 2023 having been "very challenging".

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Anexo Group PLC - Liverpool, England-based integrated credit hire and legal services company - Says it is trading in line with management forecasts, and that it expects pretax profit for 2023 to be broadly in line with market expectations. Also reports that a High Court hearing last week heard submissions regarding diesel emissions cases, and that it awaits confirmation from court of the terms of upcoming group litigation orders. Says there will be a cost management hearing in May, with further trial periods in October and February 2025. The latter will be the first trial date for the Mercedes case.

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LSL Property Services PLC - Newcastle Upon Tyne, England-based provider of services to mortgage intermediaries and franchised estate agencies - 2023 results are "in line with the board's expectations" following the "positive final quarter". Says it remains "comfortable" that 2024 profit will be "materially ahead" of 2023. However, group revenue from continuing operations decreases to GBP144 million from GBP217 million. Says underlying operating profit in the second half of 2023 showed a material improvement on the first, and its Financial Services Network business gave a resilient performance "with profitability slightly ahead of plan". Estate Agency division continues to perform ahead of expectations, and Surveying showed signs of improvement in final months despite subdued activity across the valuations market.

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By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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