KEFI Minerals (KEFI); announces Term Sheet facility of £2m to expand working capital
The company will issue 12,000,000 shares to reflect there is no interest coupon attached
KEFI Minerals announced it has entered into a Term Sheet for £2m (plus an optional £2m) secured working capital loan facility with a longstanding KEFI institutional shareholder.
Read more...easyHotel (EZH); acquires freehold in Bristol and receives planning permission for Oxford leasehold
Bristol freehold is the companies fifth investment following its placing in March
The announcement that easyHotel has a acquired a 145-bedroom freehold site in Bristol, as well as receiving planning permission for a 180-room leasehold hotel in Oxford, is a reminder that the company is fully engaged in the roll-out of its successful concept.
Read more...Mercia Technologies (MERC); announces new direct investment into W2 Global Data Solutions
Mercia now has a direct equity holding of 17.4% in W2
Mercia Technologies announced its new direct investment worth £2.0m in W2 Global Data Solutions Limited (W2). This investment is part of a £3.0m funding round, alongside the Development Bank of Wales.
Read more...Warpaint (W7L); warns on profit
Christmas orders in the companies cosmetic ranges down
Warpaint today joins a growing list of recent consumer IPOs that have had to warn on profit. Pre-tax profit is now signalled in a range £8.5-10.0m, around 25% lower on average than market consensus.
Read more...KEFI Minerals (KEFI); escalation of preparatory field activities at its Tulu Kapi Gold Project
Construction start up expected in early 2019
KEFI announced the escalation of preparatory field activities at its Tulu Kapi Gold Project in Ethiopia. The authorities have taken the necessary preparatory steps to carry out the planned community resettlement in Q1 2019.
Read more...ANGLE (AGL); Parsortix indicates capability to harvest fetal cells from pregnant women’s blood
Initial study of 19 women encouraging
Angle reported that its Parsortix system can greatly extend current non-invasive prenatal testing (NIPT) applicability to a wide range of conditions not currently feasible with existing techniques. Discussions for commercialisation have begun with corporate partners.
Read more...7digital Group (7DIG); ties up for £1.5m funding with three shareholders
7Digital signs aggregate facility of £1.5m
7digital signed agreements with three shareholders to provide an aggregate facility of £1.5m. This facility is on market terms and is convertible into ordinary shares at specified times prior to its maturity date in December 2019.
Read more...SCISYS (SSY); posts scheme document; clarifies misleading media commentary
Stock flat at 162.50p at 08:07
Subsequent to some misleading press headlines, SCISYS clarified that, should Old SCISYS shareholders vote in favour of the Proposals that New SCISYS become the new holding company of the group, only the holding company of the group will move to Ireland.
Read more...Weak consumer demand and structural shifts desecrate Debenhams’ core business.
Revenues down like-for-like by 2.3% and gross margins down 140bps
The conjunction of two separate elements, weaker consumer demand, and a structural shift to online shopping, has desecrated Debenhams’ core business. Impairments, onerous lease charges and asset write-offs together impact profit by £500m. A pre-exceptional profit of £33m, down 65%, is at least positive but provides a fairly pitiful return on the remaining fixed assets of £1.2bn.
Read more...GB Group (GBG); reports organic revenue growth of 11% for 1H18
Stock down 3.63% to 491.5p at 8:01
GB Group reported that trading performance for the six months ended 30 September 2018 is in line with expectations. The company reported underlying organic revenue growth of 11%, after adjusting for a material non-recurring revenue item reported last year.
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