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"As a result of a substantial positive swing in PBT from H1 (£1.3m loss) to an expected profit of £1.1m in H2, FY24 will be broadly in line with market expectations* with a marginal loss of £0.2m expected to be reported for the year overall"
So that's a miss then.
One day, maybe, they'll deliver what they promise and long suffering holders will be rewarded - but I guess we'll have to wait a bit longer.
It got the Thumbs Down from API holders.
Further to its announcements of 14 March 2024 and 20 March 2024, the API Board will now take steps to implement a Managed Wind-Down subject to the approval of API Shareholders at a general meeting. More information on this process will be set out in due course.
This from the NEXT today:-
Wolfson added that Next had been able to sell more of its pricier, better-quality items as “there appears to be something of a shift back to investment dressing with customers buying somewhat fewer, slightly more expensive items.”
Should be good news for SOS shareholders??
Outstanding debt on UK credit cards jumped nearly 10 per cent last year, according to new data, as households turned to borrowing amid inflationary pressures and the cost-of-living crisis.
Credit card debt rose 9.7 per cent in the 12 months to December last year, figures from banking trade body UK Finance showed.
Surely a positive for H&T.
Https://www.telegraph.co.uk/money/investing/questors-worst-ever-share-tip-regional-reit-profit/
Https://www.lse.co.uk/rns/API/statement-regarding-proposal-vkpvogbatx5tncx.html
Given the Custodian SP response to our offer maybe we should hope theirs is better and API accept it.
Https://www.cityam.com/hipgnosis-independent-valuer-exits-amid-catalogue-dispute/
Only a cut? Passing it would save almost £6.2M so surely BOD must be thinking about it with an eye to that bond repayment coming up on the horizon.
£32M cash balance plus 3 passed dividends would pay off the bond and restore balance sheet somewhat. No?
Https://www.telegraph.co.uk/business/2024/02/06/ftse-100-markets-latest-news-net-zero-germany-bp/
I'm a bond holder so please don't accuse me of trying to short this. Just posting as something of interest even though it's not a property owned by RGL.
Https://www.telegraph.co.uk/business/2024/02/05/heinz-baked-beans-maker-hydrogen-factory-greener-gas/
No mention of ITM....but fingers crossed.
Merck Mercuriadis is stepping down as chief executive of music royalties fund manager Hipgnosis Songs Management (HSM).
It comes amid an increasingly intense relationship between HSM and the board of Hipgnosis Songs Fund (HSF), the music royalty fund whose assets HSM manages.
The fund, which owns back catalogues for artists including Justin Bieber and Shakira, is currently undergoing a strategic review process which could see its assets sold, or be wound up completely.
However, bosses at the fund have warned that a call option held by HSM, which allows it to buy HSF’s assets, is damaging the value of the portfolio and therefore impacting upon demand from possible suitors.