TECS - Co . News from STOCKOPEDIA3 Apr 2020 08:57
Cenkos Securities (CNKS) guides FY(March) in line. Covid: co is fully operational and continues to operate as normal. "We continue to sign up quality clients, having added one this week, along with a number in the pipeline, and have the capacity to add many more to our stable."
Redcentric (RCN) guides FY(March) in line. 90% of rev is recurring, over half of non-recurring historically from the Health sector. Net debt is 1x EBITDA. Expects lower sales to new customers and a slowdown in major change projects from existing customers. Also some customers may come under pressure. Also installations requiring on-site engineers are likely to be delayed. Offsetting this, expects lower normalised cancellations and renewal churn.
CMC Markets (CMCX) Q4 strong. Guides FY CFD net trading rev up 95% and stockbroking net rev up 106%. Will pay div. Outlook confident.
Iomart (IOM) guides FY(march) in line. Has seen seen minimal change to our business levels. Covid "perhaps reinforces the journey to the Cloud." In more ways than one!
Anexo (ANX) guides FY19 profit in line. Deferrs div. "Following the decision to drive an increase in case settlements relative to new cases and thus achieve an increase in cash collections, the Board is pleased to confirm that cash collections have continued to grow and that the credit hire operation has been net cash generative for the first two months of FY-2020." Current trading in line.
MediaZest (MDZ) Material hit to Feb & March as clients initially began to defer some projects and more recently temporarily close stores and other places of business. Covid has halted all deployments and installations in progress. Guides 6 months to March small loss. Extends FY to Sept to defer audit costs. Co working on the assumption that the “lockdown” period and ongoing disruption caused by Covid-19 will have an impact for a minimum of six months.
Tanfield Group (TAN) Motion for Summary Judgement filed by SKL and Snorkel has been denied so parties will now proceed in discovery.
Fox Marble (FOX) co will continue to operate Kosovo factory, though it will scale back operations to specific projects. Will significantly scale back production at the Macedonia quarry. Board will not take any salary or fees until operations resume.
System1 (SYS1) CFO scrapers. He is thanked.
Joules (JOUL) [last night] £15m placing at 80p, 7% discount.
Bagir (BAGR has continued to experience existing orders being placed on hold or cancelled and has insufficient cash resources available to operate the business as a going concern. Seeking seeking immediate additional funding or insolvency looms. Shares suspended.
ReNeuron (RENE) priority internal research projects are continuing to progress to current timelines. Some clinical trials delayed. Co "has initiated a research programme focused on the potential utility of its proprietary exosomes as a delivery vehicle for viral vaccines. Previously presented, unpublished data show that ReNeuron's exosomes can be loade
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