Avon Rubber (AVON); reports strong performance in its military business
The company remains confident of achieving its current year expectations
The company reported strong performance in Avon Protection’s Military business, which supports expected revenue growth in the first half of the year. Following the award of the M69 Aircrew Mask contract from the US Department of Defense (DoD), the first order is expected to be at hand, with deliveries beginning in the second half of the year.
Read more...QinetiQ Group (QQ); Q3 trading update: positive organic growth in orders and revenue
The US Department of Defence awarded a $90m contract to QinetiQ North America to support the sustainment of the TALON family of robotic systems
With continued investment in UK Defence Test and Evaluation, QinetiQ has secured a contract to deliver Formidable Shield 2019, a large, multi-national maritime exercise. It has also successfully delivered the first live firings of the F-35 weapons.
Read more...Primary Health Props (PHP); EPRA earnings for year ended 31 December 2018 rose 18.7% to £36.8m
Rent reviews agreed during the period have led to an average annualised uplift of 1.4%
Primary Health Props (PHP) reported today an equity issue to raise £115.0m was completed at a 7% premium to the last available EPRA NAV. Eight new properties were acquired during the year for £106.2m, with a large average lot size of £13.3m.
Read more...Keywords Studios (KWS); expects full-year revenues to be €250m
Keywords Studios reports strong financial performance for year ended 31 December 2018
Keyword Studios expects full-year revenues to be at least €250m, with an adjusted PBT of about €37.8m. The effective tax rate, based on the company’s measure of PBT, has continued to reduce and is expected to be 19.0%. Consequently, adjusted EPS is expected to increase 51%.
Read more...Britvic (BVIC); Q1 trading statement: trading in line with expectations
“We have delivered a solid start to the new financial year"
In its Q1 trading statement to 23 December 2018, Britvic’s revenue increased 4.5% to £352.4m. Its organic constant currency revenue, excluding the soft drink levies, increased 1.5% to £337.3m.
Read more...discoverIE Group (DSCV); trading in Q3 remains strong
The group continues to be on track to deliver full year earnings in line with its expectations
discoverIE issued a trading update for the year ending 31 March 2019, covering the three-month period from 1 October 2018 to 31 December 2018. Group gross margin for Q3 remains firm and in line with the first half. Group sales for Q3 grew 18% on a reported basis, by 20% CER and by 10% organically (excluding acquisitions), with organic growth of 11% in Design & Manufacturing and 9% in Custom Supply.
Read more...Low & Bonar PLC (LWB); release results and reveal their plan to raise $54m
Revenue for the year ended 30 November 2018 fell 3.3% to £446.5m
Low & Bonar released results today, revealing revenue for the year ended 30 November 2018 fell 3.3% from £446.5m in 2017 to £446.5m, mainly due to the impact of the agro-textile disposal in H2 2017.
Read more...Serabi Gold: results from the Coringa Project significantly extend the previous modelled zone
The “significantly extending” part of the company’s claim looks a bit of a stretch!
Recent drilling by Serabi Gold at its Corginga Gold project, located in Brazil, has been completed. Serabi claims its latest results “significantly extend the previous modelled zones at the Coringa Gold Project”, but it looks more like an infill drill programme than anything else.
Read more...Solid State (SOLI); board expects annual revenue to be higher than market consensus
Gross margins for the Manufacturing division have improved
Solid State, a design and manufacturer in the electronics industry, expects adjusted profits to be higher than consensus in H2. The shortfall of sales in H1 in the Manufacturing division is expected to be mitigated with the higher revenues in H2, which are broadly in line with management’s expectations.
Read more...London Stock Exchange (LSE); acquiring 4.92% stake in Euroclear Holding
The payment will be made through existing cash and debt facilities
The London Stock Exchange has acquired a 4.92% stake in Euroclear, a leading financial market infrastructure company that operates across Europe. Euroclear has €28.2tn in assets under custody.
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