REMINDER: Our user survey closes on Friday, please submit your responses here.
Announces the recovery of its largest diamond to date, a 110 carat gem-quality light yellow diamond, during the ramp up phase at its Liqhobong Diamond Mine. The Company believes this diamond recovery confirms the significant larger stones potential that exists at Lighobong. A photo of the diamond can be viewed via the PDF link: http://www.rns-pdf.londonstockexchange.com/rns/5935B_-2017-4-4.pdf Stuart Brown, Chief Executive Officer of Firestone, commented: "I am delighted to announce that we have recovered Firestone's largest diamond to date. The 110 carat gem-quality light yellow diamond recovered during Liqhobong's ramp-up phase is a very exciting and encouraging accomplishment. It confirms our long held belief that Liqhobong has large stone potential and I hope this is the first of many to come."
Announces that it has entered into a contract to deliver a national MDM system for a Middle East country. The system will enable continuous real time identification, tracking and monitoring of many thousands of leisure and commercial vessels operating in their territorial waters and EEZ using SRT's AIS vessel transceivers and maritime monitoring systems. The system is expected to be completed within two years. Simon Tucker, SRT CEO said, "This marks the conversion of another of our validated sales opportunity pipeline prospects into a signed contract. This is due to SRT's ability to deliver turn-key maritime domain awareness system solutions with proven performance and unique functionality. This MDM system will provide multiple end customer marine stakeholders with a range of functionality such as dual 2D and Dynamic-3D real time visualisation, advanced data analytics with automated vessel activity alerts, and vessel licensing and management functions that will enable them to significantly enhance maritime security, management and safety."
Announces that it has been awarded a contract to supply Stadler Bussnang AG ("Stadler") with its eyeTrain CCTV and Automatic Selective Door Opening ("ASDO") systems. The new contract, which is worth £4.3 million, is for the design, development and supply of CCTV and ASDO systems integrated into Stadler's FLIRTUK trains. Engineering activities will commence immediately with the first equipment deliveries starting in June 2017 and is expected that the project will be completed during Q2 2019. The equipment will provide the trains and the driver with enhanced capability in the areas of security and surveillance through CCTV coverage of both the internal and external of saloon areas combined with pantograph, forward facing and track debris monitoring systems integrated with our video management software. Additionally the ASDO system delivers improved passenger operations at stations where the platforms are shorter than the trains. Commenting, Petards Chairman Raschid Abdullah said: "We are delighted that Petards eyeTrain CCTV and ASDO systems have been selected by Stadler for their first UK Mainline Rolling stock contract. "This new contract provides Petards with another exciting rail project with a new customer, which significantly enhances its position as a leading provider of security and surveillance systems to the UK Rail industry and considerably adding to the Group's present order book for delivery over the next three years. "We welcome Stadler as a new customer of Petards with the integration onto their FLIRT platform. We are all thrilled about the potential of this new partnership with Stadler, a long established world leading train builder." About the Stadler Rail Group Established 75 years ago, headquartered in Bussnang, Switzerland and operating globally with 7,000 employees in 18 countries, Stadler is a system provider of train manufacturing and maintenance services. Stadler's range of products is comprehensive. It includes high speed trains, intercity, regional and commuter trains, trams, tram-trains and underground trains. Stadler manufactures dual mode locomotives, shunting locomotives and passenger carriages, and offers the most powerful diesel-electric locomotive in Europe. It remains the world's leading manufacturer of rack and pinion rail vehicles. Stadler's service division maintains vehicle fleets in 16 countries. In the UK, Stadler's Variobahn trams operate on the London Tramlink. Its Class 68 diesel locomotive is the most powerful to run in the UK, and the Class 88 dual mode locomotives are used on freight and passenger services. It has recently been awarded a contract to build electric and bi-mode multiple units for the new East Anglia franchise, part of the largest ever rolling stock procurement in the history of the UK, and is providing the vehicles for the Sheffield tram-train, the first of its kind in the UK. It is also part of the consortium suppl
Hi southcbubble. UK law permits Limited Companies to have but one sole Director. As there is no obvious income streams, the registered Companies have been trimmed to the bone. Shareholders of MTV plc will never see a return on the their shares, nor is there any market for their shareholding on which to trade, as they are delisted, effectively worthless..
Provides an unaudited trading update for the six month period ended 31 December 2016 ("H1 FY17"). Financial and Transactional Highlights · Revenues expected to be approximately £14.3 million (H1 FY16: £10.6 million), an increase of 35% · Transactional revenues comprised more than 95% of total revenue · Gross margin at approximately 70% · Cash balance at period end was approximately £11.4 million · Number of transactions in the period increased to 5 million, an 80% increase from H1 FY16 o December 2016 set a record month for the number of transactions in the Company's history · Payment volume reached $7.8 billion, an increase of more than 96% from H1 FY16 Summary Earthport remains committed to its long term strategy of continuing to develop the world's leading cross border payments platform. The Board is encouraged by the recent developments within the Company, particularly in relation to the increasing transaction and aggregate payment volumes being placed through Earthport's platform by its clients. Hank Uberoi, CEO of Earthport commented: "We accomplished a number of important developments in the six months under review, including expanding our strategic relationship with BofAML and providing outbound payment service capabilities to the extensive Indian market. The performance of the business in the past six months has been encouraging with a substantial increase in the number of transactions and payment volumes resulting in strong revenue growth. This positive momentum, coupled with our solid market positioning, gives us confidence of further successful growth going forward."
announces that it has secured a significant new four-year contract with its UK channel partner, Capita Customer Management ("Capita"), to provide its advanced call management technology to a leading Mobile Virtual Network Operator ("MVNO"). Eckoh and Capita will collaborate to deliver EckohROUTE, which offers contact centres cloud-based call distribution and management, real-time dashboard reporting, self-service integration and the flexibility to integrate with other systems. Hosted on Eckoh's carrier-grade platform, the service will enable the client to manage call delivery and distribution, emergency prompts, emergency call delivery and opening times. Eckoh will initially develop a number of self-service applications for the MVNO that fully integrate with EckohROUTE. Eckoh's hosted platform will also allow the client to fulfil its longer term customer self-service functionality objectives. Since the partnership was created in 2013, Eckoh has won three new contracts via Capita, worth a total of £15.0m in revenues to Eckoh over the life of those agreements, and this latest contract further builds on this figure and the Company's successful partnership. The service is planned to go live in the spring of 2017. Nik Philpot, Chief Executive Officer at Eckoh, commented: "We are delighted to be working with Capita on this significant new customer contact solutions contract. With the deployment of our sophisticated and proven call management solution, the client will be able to offer an unparalleled, responsive customer self-service experience. Today's announcement reinforces our market-leading position in delivering call management infrastructure solutions as well as demonstrating the value of our strategic channel partner relationships."
There are only two types of Equity Finance; Debt or Equity. MTV have, by virtue of losing its stock market listing, strangled the Equity Finance route. Debt is the only route now. Who in their right mind will provide debt a failed stock market failed company on reasonable terms ? MTV plc is a spent force and its shareholders will never see any return that will see them in positive territory. Directors of the Group will continue to extract fees and or commission and or expenses, which presumably will be covered by current sales, until that dries up. There is no fresh Equity funding to progress the alleged Tablet tv technology benefits..MTV plc is battling against the tide and without a substantial finance paddle.
Provides a trading update for the 12 months to 31 December 2016 (the "period"). Sales revenue for the period is expected to be above US$26M. In addition the Company is anticipating that adjusted EBITDA will be approximately US$2.0M. On 5 October 2016, the Board of Directors of NetDimensions ("the Board") also announced that it had received an approach which may or may not lead to an offer being made for the entire issued share capital of the Company. The Board is in advanced discussions with interested parties and further announcements will be made in due course. Jay Shaw, Chief Executive Officer of NetDimensions, said: "In 2013 we stated that we would invest heavily to grow revenues whilst operating at a loss in order to build up a substantially larger business capable of generating a sustainable profit. It is therefore pleasing to have nearly doubled revenues since 2012 and to be able to report a substantial adjusted EBITDA profit in 2016."
Provides an update on trading through the end of Q3. Our financial results continue as strongly as we set forth in our interim results for the first half of 2016. Revenue exceeded market expectations and through Q3 has actually reached the same level as achieved for all of 2015. Profits before tax have also grown and are in-line with market expectations, despite significant investment to drive future profitability. We will continue to invest in operations today to fuel even faster 2017 revenue growth so that we may exploit strong US market demand for water and infrastructure solutions. Please see, on our web site, the link to the Water Infrastructure Improvements for the Nation Act signed by President Obama on December 16, 2016. Our 2016 transactions described below, particularly regarding our UK sewer and wastewater company, put us in a better position to harvest such market opportunity. Profit margins should also grow during 2017 as a significant amount of 2016 expenses are one-time transactions-related expenses. Overall, 2016 has been a busy year with a three-pronged corporate growth strategy. First, the franchise system has continued to grow organically through the development of national sales channels. We are executing in line with our interim results for franchise royalty growth and we now exceed $75 million in annualised system-wide sales to end-users. We have completed four reacquisitions of franchisees in this period - South New Jersey, Cincinnati, Northwest Arkansas and Sydney - deepening our approach to developing a regional corporate presence from which to grow the existing franchise system. Such reacquisitions also directly add critical mass to revenue and earnings as our corporate stores continue to execute strongly in line with our interim results. Arkansas and Sydney were closed in Q4 and their results are not included in this trading update. Even without their inclusion, sales from corporate-run operations through Q3 have exceeded sales from corporate stores for all of 2015. Finally, we acquired a fast growing UK municipal sewer and wastewater company that will be able to layer its solutions onto our franchise system across the US, Australia and Canada and provide water infrastructure solutions. This transaction closed in September and only an initial, strong month was included in the Q3 results.Since the end of Q3, the Company has completed both a round of equity financing at a price that represented a premium to market and a new, broader bank financing putting the Company in position, as noted above, to accelerate its growth strategy in 2017.Commenting on the Group's trading performance, Dr. Patrick DeSouza, Executive Chairman of the Company, stated: "We are encouraged by the above results as we accelerate our efforts to build a multinational growth company that provides solutions to meet the strong demand for water and infrastructure solutions.
Announces results for the year ended 30 June 2016. Financial Summary: · Combined total of cash, receivables, payables, listed and unlisted equity investments of USD56.97 million as of 9 December 2016 (30 June 2016: USD52.52 million). · Net Asset Value per share as at 9 December 2016 was approximately 14.46 pence per share (30 June 2016: 12.57 pence per share). · Listed and unlisted investments at marked to market value, cost and valuation amounted to USD39.93 million (30 June 2016: USD34.93 million). http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/POL/13073721.html
How ironic that Southern Railways is at a standstill as a direct result of industrial action as a protest at driver-less trains, the very thing that PEG's technology is used for. And how ironic that the delay in introducing the new Hitachi South West mainline next generation rolling stock roll out, which incidentally will use PEG's technology in all of the carriages.
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/FRM/13067608.html
announce that the Group will pay an interim dividend of US$0.0858 per share to members on the register on 6 January 2017. Shares will be marked ex-dividend on 5 January 2017. The Pay Date is expected to be 28 January 2017. The Board has decided to pay this dividend based on the Group's profitability, liquidity requirements, portfolio performance and market conditions. The Group continues to trade in line with management expectation. The Group expects to announce its annual results for the year ended 31 December 2016 in the month of May 2017.
Announces the following pre-closing trading update. The Board is pleased to report that the Group's momentum, detailed in the interim results announced on 8 September 2016, has continued and that it now expects EBITDA* for the year ending 31 December 2016 to be slightly ahead of its original expectations. The Group has benefitted from increased internal collaboration to support growth in the higher margin Consultancy Services division, which has driven profit improvement and cash generation. The Board looks forward to 2017 and continues to be focused upon improving shareholder value. *EBITDA is before share-based payments and non-recurring items
Is in advanced negotiations on an exclusive basis to acquire a Southern African focussed petroleum product related wholesaler (the "Proposed Acquisition"). The board of SacOil believes that the Proposed Acquisition is fully in keeping with the Company's stated strategy of focussing on cash generating opportunities that expand SacOil's offering across the oil and gas value chain. If concluded, the Proposed Acquisition would significantly increase SacOil's turnover and provide the Company with a foothold in the downstream oil and gas market which compliments its existing upstream assets such as the producing Lagia field in Egypt. Paragraph 3.9 of the JSE Listing Requirement - Cautionary Announcement In terms of paragraph 3.9 of the JSE Listing Requirements, immediately after an issuer acquires knowledge of any material price sensitive information and the necessary degree of confidentiality of such information cannot be maintained, an issuer must publish a cautionary announcement. As such, shareholders are advised that the Proposed Acquisition, if successfully concluded, may have a material effect on the price of the Company's securities. There can be no guarantee however that the Proposed Acquisition will conclude and further updates will be made in due course. Accordingly, shareholders are advised to exercise caution when dealing in the Company's securities until a full announcement is made. Suspension of Trading on AIM If concluded, the Proposed Acquisition would be classified as a reverse takeover pursuant to Rule 14 of the AIM Rules for Companies. Accordingly, the Company's shares will be suspended from trading on the AIM Market of the London Stock Exchange at 7.30a.m. today until such time as either an admission document setting out details of the Proposed Acquisition is published or confirmation is given that the Proposed Acquisition is not proceeding. The Company's share will however continue to trade on the JSE.
Such cancellation of the admission to trading on AIM of the shares in MTV will significantly reduce the liquidity and marketability of those shares. Following the cancellation, although the Ordinary Shares will remain transferable they will no longer be tradable on AIM. At present, it is not clear if the board of MTV has plans to put in place a matched bargain settlement facility and any shareholders wishing to sell their shares following the delisting are advised to contact MTV for assistance in identifying any potential buyers of those shares.
Has signed an agreement with Axis Bank, India's third largest private sector bank, to enable outbound cross-border payments for its clients through Earthport's global payments network. Following the recent approval by The Reserve Bank of India (RBI), which allows Earthport to provide outbound cross-border payment services to banks in India, Axis Bank will become the first bank in India to connect with Earthport's global payments network, which spans over 60 countries. Axis Bank joins a growing number of major banks that can, through a single connection with Earthport, send payments seamlessly to almost any bank account in the world on behalf of its clients, while delivering a faster, more efficient and cost-effective service. This agreement also marks Earthport's entry into India, in line with its strategy to become the preferred provider of cross-border payment services to major banks, financial institutions, ecommerce companies and other payment aggregators globally. Sidharth Rath, Group Executive, Corporate Banking, Axis Bank said: "Through this strategic partnership with Earthport, we shall offer our customers faster remittances with complete transparency on the final amount and time taken to credit beneficiaries overseas with real-time end-to-end tracking." Hank Uberoi, Chief Executive Officer, Earthport Plc, said: "This agreement with Axis Bank, one of the most tech-savvy banks in the country, is testimony to our pioneering cross-border payments capabilities. Earthport's vast global network and unique business model, together with our deep market and regulatory expertise, positions us as a reliable partner to banks in India, as they shape the exciting and promising economic future of the country."
Brendan Hynes, Non-Executive Chairman, will make the following statement: "The Board is pleased to report that trading in the first four months of the year is in line with expectations. In our manufacturing business, the successful delivery of significant new product launches for major brand owners will contribute strongly to our performance, particularly in the first half of our fiscal year. Further contract wins have been achieved, with both UK and European customers, which will start to contribute from the beginning of our next financial year. In our branded business, we continue to be pleased with the performance and contribution from Brand Architekts, which was acquired at the end of June 2016. In particular, volumes of the Christmas gifting ranges are ahead of previous years and we expect these to make a strong contribution to our first half year. Bringing together the complementary capabilities and resources of the two businesses is progressing very well and we continue to be excited about the future growth possibilities that this presents. In October 2016, we were delighted that our Real Shaving Company brand "sensitive shave gel" won best new product at the prestigious GQ grooming awards. This aerosol product is an example of how we can use our core expertise to add value to our brands. We anticipate that profitability in the first half year will see a small benefit from the recent weakness of Sterling. Long-term we aim to self-hedge by broadly balancing dollar and euro sales to international customers with purchases in the same currencies. While we remain conscious of the continuing macro uncertainty both in the UK and internationally, we expect to maintain our positive momentum and are confident in the prospects for the year."