TRADING UPDATES: Tristel, K3 Capital, MyHealthChecked expect growth

Mon, 13th Dec 2021 17:52

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

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Tristel PLC - Cambridgeshire-based maker of infection prevention, contamination control and hygiene products - For the six months ending December 31, expects revenue to be above GBP15 million, compared to GBP16.8 million reported for the same period a year prior, as revenue from that period includes a one-off sale at GBP900,000 to the NHS for Brexit-related inventory.

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Eqtec PLC - Cork, Ireland-based gasification company focused on turning waste into sustainable energy - Following the deferral of the financial close for two of its projects, expects revenue for 2021 to range from EUR8 million to EUR10 million, reflecting a sharp rise from EUR2.2 million in 2020. However, anticipates a loss before interest, tax, depreciation and amortisation between EUR2.5 million and EUR3.5 million. For the Billingham and Deeside projects, Eqtec has deferred financial close for the projects in response to new opportunities for them, in particular for offtake.

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K3 Capital Group PLC - Bolton, England-based professional advisory services firm - For the six months ended November 30, adjusted Ebitda is expected to reach around GBP9 million, up 60% from GBP5.6 million a year before, on revenue which is set to nearly double year-on-year to GBP30 million from GBP17.6 million, through organic growth and recent acquisitions. Current performance stands in line with management expectations, and reflects 50% of market consensus levels of revenue and adjusted Ebitda for current financial year.

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MyHealthChecked PLC - Cardiff-based healthcare company and fertility tracking firm - Due to high demand for PCR Day-2 test kits bosting trading in the fourth quarter, for 2021 as a whole, expects adjusted Ebitda at GBP2.1 million, swinging from a loss of GBP2.7 million. This is set to be on revenue which leaps year-on-year to GBP16 million from GBP49,500.

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Next Fifteen Communications Group PLC - London-based media company - For the third quarter ended October 31, total revenue grows 38% year-on-year with 26% accounting for organic growth, due to robust performances in Customer Delivery and Business Transformation. For the nine month period, revenue is up 34%, fostering confidence that results for the year ending January 31, 2022 will be ahead of management expectations.

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Christie Group PLC - London-based financial, inventory and systems services provider - Due to strong performance within its Professional & Financial Services division, the company expects its 2021 performance to meet market expectations, even as the Stock & Inventory Systems & Services division continues to face disruption to normal trading.

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Love Hemp Group PLC - London-based cannabidiol products - For the year ended June 30, pretax loss narrows to GBP4.4 million from GBP12.9 million, on revenue which nearly tripled year-on-year to GBP4.3 million from GBP1.6 million through a building customer base and growth in new markets.

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Sunrise Resources PLC - miner focused on operations in US state of Nevada and Western Australia - For the year ended September 30, pretax loss widens to GBP335,252 from GBP302,902 the prior year, due to higher exploration and administration costs, while the group's cash position dropped to GBP371,740 at the end of September from GBP1.1 million the same date a year before. Focus has remained on the development of the CS Pozzolan-Perlite project and the valorisation of non-core projects.

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C4X Discovery Holdings PLC - Manchester-based developer of drug discovery engine - For the year ended July 31, pretax loss narrows to GBP5.9 million from GBP9.6 million the year before, due to the generation of GBP5.6 million in revenue, following a EUR7 million upfront payment from French pharmaceutical giant Sanofi SA on the signing of the IL-17A licence agreement.

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Securities Trust of Scotland PLC - Edinburgh-based investor - For the six months to the end of September, net asset value total return stands at 6.3%, compared to the Lipper Global - Equity Global Income Index, which returned 6.0%. As at September 30, net asset value per share increased 9.3% year-on-year to 213.78 pence from 195.58p. Dividend per share remains in-line at 2.75p.

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Downing Four VCT PLC - venture capital trust - As at September 30, net asset value per Ventures shares increases year-on-year to 68.50p from 61.2p. From the Healthcare share pool, net asset value rises to 88.70 pence per share from 65.2p.Net asset value per DSO D share dips to 10.2 pence from 10.7p a year prior, while the NAV per DP67 shares edges upward to 19.5p from 18.4p.

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By Dayo Laniyan; dayolaniyan@alliancenews.com