Edison Investment Research

GCP Student Living (DIGS); annual results: rental growth of 4.1% on an LFL basis

Stock up 1.31% to 152.98p at 8:12

DIGS reported results for FY18 (ending June 2018). The property portfolio’s value increased to £784.4m (2017: £634.6m), and total rental income was £35.8m.

BCA Marketplace (BCA); AGM statement: performance in line with expectations; final dividend 5.95pps

Stock down 1.08% to 229.50p at 8:27

BCA will seek shareholder approval for a final dividend of 5.95pps which will be paid on 28 September 2018 on approval.

PPHE Hotel (PPH); 1H18 results: solid growth attributed to trading maturity across new hotels

Stock down 0.33% to 1,495.00p at 8:18

PPHE has adopted EPRA reporting highlighting its property valuation with current EPRA NAV of £24.21, 61% above the share price of £15.00. EPRA adjusted earnings for the last 12 months were £1.08 per share representing an earnings yield of 7.2%. The interim dividend has been raised by 45% to 16.0p..

Pan African Resources (PAF); update on Barberon Mine’s Royal Sheba Project

Stock up 4.77% to 07.90p at 8:16

PAF provided an update on the Royal Sheba Project (following the previous announcement dated 28 March). The exploration drilling programme results have exceeded expectations. Royal Sheba’s Mineral Resources rose 150% to 0.9Moz (8.56Mt at 3.27g/t).

Entertainment One (ETO); Designated Survivor series update

Stock down 0.81% to 368.60p at 08:18

Netflix commissioned third season of Designated Survivor as a 10-episode original series.

Stobart Group (STOB); 4.5p per ordinary share quarterly interim dividend declared

Stock up 0.32% to 237.25p at 8:15

STB announced a final dividend of 4.5p per ordinary share in its results for the year ended 28 February 2018, giving an increased total dividend payable for the year of 18.0p (2017: 13.5p).

Destiny Pharma (DEST); Sir Nigel Rudd to step down, Nick Rodgers to succeed

Stock flat at 90.0p at 8:11

DEST announced that Sir Nigel Rudd will step down as Chairman and as a member of the board with effect from 31 December 2018. Nick Rodgers, Non-executive Director of DEST, will succeed him as Chairman.

Hutchison China MediTech (HCM); Receives approval for Fruquintinib capsules to treat CRC patients

Stock up 3.77% to 4,680p at 8:29

HCM has announced that National Medical Products Administration of China (NMPA) granted approval for drug registration of fruquintinib capsules for the treatment of metastatic colorectal cancer (“CRC”) patients.

QUIZ trading update reports that 97% of its 147 concessions were profitable

In June the company said that 97% of its 147 concessions were profitable, but these do include Debenhams as well as House of Fraser. The small first half provision is hardly going to break the bank against for the year to March 2019, and hopefully won’t need to be increased, but this is an area the market will continue to watch.

1Spatial (SPA); announces new long-term incentive plan and grant of options

Stock flat at 46.50p at 08:15

SPA established a new employee share plan. To benefit from grants under the new plan, individuals (employees & management) will be required to surrender and waive their rights to existing share options.