The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
nterview on Sky News One of Symphony's Directors, Michael Stephen was interviewed on Sky News yesterday about the Prime Minister's announcement on plastic waste. He said that whilst the company supports recycling, there is a "black hole" in the government's policy. This is because the plastic waste cannot be collected for recycling if it has escaped into the open environment, and especially into the oceans. For this reason, we should stop using old-fashioned plastic. Symphony's scientists have found a way to upgrade the plastic so that it will convert itself into biodegradable materials at the end of its useful life and will be recycled back into nature like a leaf or a piece of seaweed. It is crucial to understand that it does not just fall into fragments, but the molecular structure is dismantled so that it is no longer a plastic. Ordinary plastic can be upgraded with Symphony's technology by existing plastics factories at little or no extra cost and with their existing machinery and workforce. An added bonus is that if it does get collected before it has degraded it can be safely recycled with ordinary plastic. Michael Stephen pointed out that countries in the Middle East such as Saudi Arabia and the UAE have already legislated to require the use of upgraded plastic, and Symphony thinks that the UK and the EU should do the same. He has had meetings with officials in Brussels, and Symphony is willing to brief the Secretary of State for the Environment, Michael Gove. To view the broadcast on Sky News see: https://youtu.be/-cctnvC4vic On the same day, Symphony's CEO, Michael Laurier, was interviewed on BBC 3 Counties Radio.
update on trading following the end of its financial year on 31 December 2017. The Group's profit before tax for the year ended 31 December 2017 is expected to be above market expectations due to the positive net effect of exceptional items arising in the year. The Group expects to report 2017 revenues to be up year on year to �15.6 million. However, some delays in programmes to develop additional software functionality for eyeTrain systems has resulted in approximately �1 million of revenues being deferred into 2018. These relate to scheduled deliveries of both software and equipment and accordingly profit before tax from trading operations will be lower than previously expected. Set against this, the 2017 results include two exceptional items. First, the Group has received and accepted an offer to settle a historic matter, unrelated to the current trading activities of the Group, which arose over ten years ago. Under the settlement the Group will receive a total of �702,000 in cash comprising an amount of �362,000 plus compensatory interest of �340,000. The Board considers this to be a very satisfactory outcome. The terms of the settlement preclude the Group from providing further details. The second exceptional item is also unrelated to the current trading activities of the Group. The Board has decided that any future activities that the Group may undertake in the US will not be conducted through its present US subsidiary which has been dormant for several years. In accordance with International Accounting Standards, the �211,000 deficit on the Group's currency translation reserve will be reclassified from equity to income and shown as an expense. The reclassification has no impact on the Group's net assets or cash. Raschid Abdullah, Chairman of Petards Group plc said: "It was pleasing that in December we completed both the full conversion of the Group's �1,480,000 outstanding loan notes into Petards ordinary shares and have subsequently received the settlement of �702,000. As a result, the Group's balance sheet has been substantially strengthened with the removal of the loan note liability that was due for redemption in September 2018 and its cash resources have been increased this week following receipt of the �702,000. While it is disappointing that delays in the development programmes for new eyeTrain products has deferred some revenues into 2018, the Group continues to trade profitably and enters 2018 with an order book of �18 million. Over �12 million of this is scheduled for delivery in the coming year and the Board remains confident of the Group's future prospects."
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/SND/13445523.html
https://genevajournal.com/bullish-signals-shown-in-pires-investments-plc-piri-l-charts/
It will take a while for the news to be absorbed by the Market, leading to a significant appraisal of PIRI's association with "industry leaders".
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ECO/13428538.html Gil Holzman alludes to PIRI in his statement. ...."as well as an industry leading partner, "...
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PIRI/13425562.html
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/IGE/13412382.html Key Points: � Sales of �5.0m (2016: �3.3m) at a gross margin of 39% (2016: 42%) � Unaudited profit before tax of approximately �480k (2016: �105k) � Sales of portable X-ray systems increased 65% over the prior year � ThreatScan�-LS1 systems sold extensively in Asia, the Middle East and Europe, while the entry level ThreatScan�-Lite system sold strongly in the Indian subcontinent � New customers gained in all target export markets � New compact detector panel, the ThreatScan�-LS3, was launched and sales generated � Industrial systems were delivered in the UK, Eastern Europe and South America � Record order intake for the year totalled �5.4m (2016: �4.3m) � Outstanding order book at the end of the period of �2.1m (2016: �1.7m) � �1.2m of cash at the end of the period (2016: �1.1m)
Ttrading update following the positive start to the second half of the year announced in the Company's interim results on 7 September 2017. The Group has continued to generate increased sales of its d2w oxo-biodegradable plastic additives in several of its markets. These markets include South America and the Far East but momentum has been most apparent in the Middle East, and in particular Saudi Arabia, where legislation requires the use of oxo-biodegradable technology for almost all everyday plastic items made in or imported into the country. Enforcement of the legislation commenced earlier this year. The initial uplift in orders and enquiries from the Company's regional distributor (as previously reported) have continued, and the Board now expect revenues for the year to 31 December 2017 to be approximately �8.0 million (2016: �6.8 million). Due to the operational gearing of the Group, the Board expects that profit before tax will be significantly higher than current market expectations, and not less than �350,000 for the full year (2016: �123,000). As at close of business on 26 October 2017 the Group had cash in the bank, net of its invoice discounting facility, of �317,000 as compared with a net borrowing position of �577,000 on 30 June 2017. In addition, the Group has a �1.50 million invoice discounting facility to assist in funding receivables, together with a �0.50 million overdraft facility. The working capital of the Group fluctuates depending on the customer mix within its revenues at any point in time. The cash position as stated is not necessarily an indication of the cash position at the end of the year. Michael Laurier, Chief Executive commented "I am very pleased with the Group's progress and in particular the growing adoption of our core d2w oxo-biodegradable products. With the growing problem of plastic pollution, and in particular microplastics, we continue to see a growth in enquiries, not just in the Middle East, but globally. It is becoming much better known that plastics treated with d2w oxo-biodegradable technology will go a long way towards reducing the issue of plastic waste on land and in the oceans."
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/SYM/13401572.html
https://www.rns-pdf.londonstockexchange.com/rns/5935B_-2017-4-4.pdf
FDI announces the recovery of its largest diamond to date, a 134 carat gem-quality light yellow diamond, from its Liqhobong Diamond Mine, located in Lesotho. The Board believes this recovery, the second of over a hundred carats since production commenced, reinforces the potential for large stones at Liqhobong as the Company continues early stage mining.
reports that Crusader Resources Limited ("Crusader") (ASX:CAS) has, following the amendment to the Scheme Implementation Deed (Announcement date 28th September) , submitted the draft Scheme Booklet to the Australian Securities and Investments Commission ("ASIC") for review. ASIC's review of the Scheme Booklet will be followed by a first Court hearing, expected to occur in mid-October. It is anticipated that following the orders of the Court made at the first hearing, the Scheme Booklet will be dispatched to Crusader shareholders in late October. It is anticipated that Stratex will also publish an AIM Admission Document and notice of general meeting relating to the proposed acquisition of Crusader at this time.
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ECO/13374958.html
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ECO/13341525.html
Hi. Because of the Corporate Finance insight, and understanding of the, now found out, failings of MTV's flawed Corporate and Business Model, a few came in for personal abuse, vitriolic, vindictive, and down right troll attack. But because of the concerted efforts of LSE and external third party enforcement Agencies, those responsible have sanctioned. But more to the point MTV is no longer a listed plc, and those shareholders locked in will never see a return on their, now lost investment. There is, and will not be a Market for them to sell their shares. MTV's balance sheet has been shot to pieces. There are no valuable assets in the MTV plc Corporate Model. The writing was on the wall years ago, unfortunately a few were so adamant as to each other's hype they chose to look no further than their own rhetoric hype. They should have read the "small print". GL one and all !
Announces that the Company has today entered into a new agreement with one of its core suppliers (the "Supplier"). As announced by the Company on 24 May 2017 in its annual results, the Company has been undertaking a major review of costs with a number of its key suppliers who have a commonality of interest in the sustainability of the Group's core business. Cellcast operates in the digital broadcasting and the mobile money market segments, and its key supplier contracts are made up of Telecom companies and those who supply large bandwidth services. Following a review of operations, and in conjunction with the Supplier, Cellcast has renegotiated the terms of the contract with this Supplier, covering the provision of multiplexing, distribution and transmission services to the Company. Whilst the specific terms are subject to strict confidentiality, the new agreement (the "Agreement"), which replaces with immediate effect the previous agreement in place with the Supplier, is expected to lead to a substantial and material reduction in the annual costs payable by Cellcast in respect of the services provided to the Company under the Agreement. The Agreement is for an initial 3-year term, with a one-year break clause. Commenting on the contract, Mike Neville, Chairman, stated: "Infrastructure and associated costs of this nature are a significant part of our cost base. We are delighted that we have been able to re-negotiate the terms of this contract, and give ourselves increased flexibility to cope with what is currently a complex and difficult market place."
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/CLTV/13308920.html
Invested £600,000 in a new ticketing system across its whole West Midlands and Worcestershire network. The deal with UK-based company Ticketer will see new ticket machines equipped with the latest technology go live on vehicles from 23rd April 2017. The investment means that Diamond can now offer passengers a range of new features. From a passenger's perspective the principal initial advantage will be Contactless Payment, offering the customer a more convenient way to pay, less time purchasing a ticket, and so enabling better bus time keeping. It is believed that Rotala is the first operator in the West Midlands area to be able to offer contactless payment on a network-wide basis. In due course, in coordination with Transport for the West Midlands ("TfWM"), Real Time Information ("RTI") will be passed from the new ticket machines to TfWM's RTI road infrastructure. In the near future the same RTI will be available to passengers through Rotala's own mobile app and website. From the business perspective the new ticket machines are equipped with the latest in tracking and communications technology; live location and status feeds for each vehicle will be reported back to depot traffic offices. This feature will enable the company to report delays much more accurately to customers and liaise more easily with drivers to identify and rectify problems. Tickets will also be printed with individual QR codes. The QR codes will be scanned when boarding a bus and are unique to each ticket. This will significantly reduce the risk of fraudulent ticket abuse, a perennial management problem for any bus operator. Simon Dunn, Chief Executive of Diamond Bus parent company Rotala Plc, said "I am really pleased with the progress we are making in Diamond Bus. This investment of £600,000 in new ticket machines, with all the benefits that brings to both customers and the business, is a clear demonstration of our determination to further improve the service we deliver to our passengers."