The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSJH.L Regulatory News (SJH)

  • There is currently no data for SJH

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Trading Update

6 Dec 2019 13:00

RNS Number : 0817W
St James House PLC
06 December 2019
 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

06 December 2019

ST. JAMES HOUSE PLC

 ("SJH", the "Group" or the "Company")

 

Trading Update

 

 

The Board of Directors of the Company (the "Board") is pleased to provide the following trading statement and update on recent developments (the "Update").

 

Payments Division 

The payments division has seen orders for pre-paid cards exceed 13,000 in November, with 700 delivered and activated as at 30 November 2019. The Board believes it remains on target for the revised forecast of 20,000 cards to be delivered and activated by the end of January.

 

Euro IBAN wallets are now available to clients and fully functional, giving fast, seamless and low-cost transactional capability across 33 countries. Market Access t/a Another ("Another") now provides Euro account clients with full access to borderless payments across the EU Member states plus Iceland, Liechtenstein, Norway, Switzerland, Monaco and San Marino. Additionally, the Another Euro pre-paid card is fully connected to the IBAN account so that balances can be automatically swapped between cards and accounts simply through one platform. Pound Sterling accounts are being rolled out for qualifying clients with a view to a broader roll out in the New Year, with US Dollar to follow shortly. Foreign exchange and international payments through the SWIFT system are now also available for those transactions which originate or end outside of the Single European Payments Area ("SEPA") zone.

 

In anticipation of the upgraded payment gateway and fraud prevention software in January, the merchant services team have conducted a successful merchant acquisition campaign with the goal of producing a more industry diverse sales pipeline. Together with recent agreements signed with two Baltic and European acquiring partners, resulting in successful test transactions from new merchants, we are confident of a positive contribution to the group during the first quarter of 2020.

 

Lottery Business

 

The number of Lottery lines played on a weekly basis is approximately 30% higher than for November 2018. This growth ensures the Lottery Business continues to be on target to make a positive operating contribution to the Group for the second half of the year to 31 January 2020.

 

Group

 

Working capital remains constrained, however the Board believes the improving operating performance will alleviate the position gradually. In addition, the Board is actively exploring options to improve the Group's position before the ending of the current financial year (31 January 2020).

 

 

Chief Executive Graeme Paton commented, "We now have a fully functioning suite of GBP and EUR prepaid cards, proper IBANs in EUR as well as GBP accounts for qualifying businesses with USD services to follow shortly - all accessible through the Another portal - our clients can send and receive money to and from virtually anywhere as well as manage their cards, wherever they can connect to the internet".

 

 

 

For further information, contact:

 

St. James House PLC

Roger Matthews

Website www.sjhplc.com

 

020 3655 5000

Allenby Capital Limited

(Nomad, Financial Adviser & Broker)

John Depasquale / Nick Harriss

020 3328 5656

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
TSTCKADBBBDDCBK
Date   Source Headline
30th Jul 20211:00 pmRNSResult of AGM
30th Jul 202111:00 amRNSAGM Statement
27th Jul 20219:00 amRNSFinal Results for the Year to 31 January 2021
15th Jul 20212:30 pmRNSProvision of Further Loan Advance by Shareholder
13th Jul 20215:30 pmRNSDisposal of Legal Services Business & Cost Savings
2nd Jul 20211:00 pmRNSAppointment of CEO & Notice of AGM
30th Apr 20215:00 pmRNSTotal Voting Rights
20th Apr 20217:00 amRNSExercise of Option, Issue of Equity & Directorate
19th Apr 202112:30 pmRNSResult of AGM
19th Apr 202111:00 amRNSAGM Statement
12th Apr 20217:00 amRNSVirtual attendance at AGM
25th Mar 20217:00 amRNSStrategic Financing and Commercial Agreement
24th Mar 20217:30 amRNSRestoration - St James House Plc
24th Mar 20217:00 amRNSHalf-year Report & Trading Update
23rd Mar 20216:18 pmRNSRestructuring of Payment Division
23rd Mar 20215:45 pmRNSFinal Results for the Year to 31 January 2020
26th Feb 20212:15 pmRNSTrading Update
29th Jan 202111:00 amRNSTrading Update
31st Dec 20207:00 amRNSTrading Statement
27th Nov 202011:00 amRNSTrading Update
2nd Nov 20207:30 amRNSSuspension - St. James House plc
30th Oct 20202:30 pmRNSTrading Statement
27th Oct 20207:00 amRNSUpdate on Annual Report and Accounts
30th Sep 20202:00 pmRNSAppointment of Director
23rd Sep 20207:00 amRNSTrading Statement
28th Aug 20201:32 pmRNSDirectorate Change
11th Aug 20202:00 pmRNSTrading Statement
31st Jul 20205:00 pmRNSTotal Voting Rights
30th Jun 20201:00 pmRNSTrading Statement & Funding Update
11th May 202011:00 amRNSUpdate on Subscription
4th May 20204:41 pmRNSSecond Price Monitoring Extn
4th May 20204:36 pmRNSPrice Monitoring Extension
1st May 20207:00 amRNSUpdate on Subscription
7th Apr 20201:00 pmRNSTrading Update
24th Mar 202010:30 amRNSUpdate on Subscription
12th Mar 20207:00 amRNSUpdate on Subscription
28th Feb 20201:02 pmRNSResult of General Meeting
28th Feb 20207:00 amRNSTrading Update
6th Feb 20207:00 amRNSNotice of GM and Capitalisation of Liabilities
31st Jan 20201:00 pmRNSAgreement for the Subscription for New Shares
30th Jan 20201:00 pmRNSTrading Statement
6th Dec 20191:00 pmRNSTrading Update
19th Nov 20195:30 pmRNSBoard Change
15th Nov 20194:54 pmRNSChange of Registered Office
31st Oct 201912:00 pmRNSHalf-year Report and Trading Update
17th Sep 20197:00 amRNSTrading Update
4th Sep 20197:00 amRNSAppointment of Director
2nd Aug 201911:00 amRNSNew Lottery Joint Venture
31st Jul 20193:00 pmRNSResult of AGM and Board Changes
31st Jul 201911:03 amRNSCompany Update

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.