(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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SigmaRoc PLC - construction materials group - For the 11 months to the end of November, revenue grew by 78% year-on-year to GBP114 million, significantly ahead of market expectations, due to improving demand throughout the period. Looking ahead, expects annual underlying results to be ahead of market expectations. In addition, has raised GBP12.4 million through a placing of 24.3 million shares at 51 pence each. Proceeds will go towards near-term acquisitions and investment pipeline.
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Hargreaves Services PLC - Durham, England-based diversified group delivering services to the industrial and property sectors - For the six months to the end of November, underlying pretax profit and revenue expected to be lower than the same period year before, which was at GBP5.2 million and GBP124.7 million respectively. This is attributed to phasing of works on the HS2 project within the Specialist Earthworks business. However, management's expectations for full year remains unchanged.
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S&U PLC - Birmingham-based motor finance firm - For third quarter ended December 8, UK used car transactions rose by 4.4% to 2.16 million vehicles, however net recievables dropped to GBP253 million from GBP260 million the year before, while customer numbers dropped to 63,000 from 63,500. Collection rates at 87.5%, down from 94% the year before but up from 74.1% in the second quarter.
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Time Finance PLC - Bath, England-based finance provider to UK small and medium businesses - Expects lending book at November 30 at GBP105 million, down from GBP125 million the same date the year before, leading to expectations of revenue for the six month period at GBP11.6 million, down from GBP15.6 million the prior year. In addition, pretax profit expected to be GBP1.2 million, down from GBP3.0 million.
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Wentworth Resources PLC- natural gas producer - For third quarter of 2020, production volumes at 68.8 million cubic feet per day, compared to 58.3 million cubic feet for the first half of the year, due to increased demand. Remains on-track for 2020 annual guidance of 60 to 70 million cubic feet per day.
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Dialight PLC - London-based industrial LED lighting technology and solutions - As Lighting MRO orders improves since April, there has been a modest recovery in project work despite challenging market conditions. Net debt as at November 30 was GBP14.9 million.
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Marshall Motor Holdings PLC - Cambridge-based auto dealer - For 2020, underlying pretax profit expected to be no less than GBP19 million, compared to GBP15 million the year before. Traded strongly in October due to retail unit sales growth on a like-for-like basis, more than offsetting the closure of showrooms throughout November.
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SimplyBiz Group PLC - business services provider to financial advisers - For 2020, expects adjusted earnings per share to be no less than 11.0 pence, and is set to propose a final dividend of 2.0 pence per share. For the next two to three years, revenue growth is expected to be between 5% and 7% per annum.
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By Dayo Laniyan; dayolaniyan@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.
S & U (SUS)
Hargreaves Serv (HSP)
Sigmaroc. (SRC)
Dialight (DIA)
Time Finance (TIME)