Edison Investment Research

Bonmarche’s full-year results defied recent sales declines to post striking profit growth

Bonmarche, the value fashion retailer, despite like-for-like sales falling by 7% in the second half, posted an underlying pre-tax profit increase of 27% to £8.0m for the year to March. 

Rockhopper Exploration (RKH); operational update; YTD daily gross prod of 4000 boepd at Abu Sennan

Stock down 1.97% to 34.90p at 8:07

RKH has provided an operational update about their Egyptian portfolio. The Abu Sennan concession, in which the company has 22% working interest (WI), maintained YTD daily gross production of approx. 4,000 boepd i.e. 880 boepd net to RKH.

Scottish Investment Trust (SCIN); Half-year results: posts NAV total return of +1.8%

Stock flat at 880.0p at 8:18

SCIN posted an NAV total return of +1.8%, which was above the sterling total return of the international MSCI All Country World Index (ACWI) of -0.1% and below the UK-based MSCI UK All Cap Index total return of +2.2%, for the six months ended 30 April 2018.

Standard Life Private Equity Trust (SLPE); interim results: NAV total return of +1.5%

For the six months ended 31 March 2018, SLPE’s NAV total return was 1.5%. The NAV per ordinary share rose 0.2% to 390.4p (30 September 2017: 389.6p).

appScatter Group (APPS); update on Priori Data acquisition

Stock flat at 57.0p at 8:15

The revised final long stop date of 15 June 2018 under the sale & purchase agreement between APPS and Priori Data has passed without the acquisition being completed. Both the parties continue to work constructively towards the completion of the acquisition.

KEFI Minerals (KEFI); FY results; loss before tax of £6.266m

Stock down 6.59% to 2.55p at 8:19

KEFI has announced its results for the year ending 31 December 2017. Exploration cost was £146,000 (2016: £125,000) and diluted loss was 1.987p per share (2016 loss: 0.628p per share).

Ebiquity (EBQ); partners with Snapchat to enhance third party measurement

Stock up 3.10% to 66.5p at 8:08

EBQ has joined the Marketing Mix Modelling (MMM) program of Snapchat. The program will enable clients to access and analyse a greater granularity of data and help them better understand Snapchat’s effectiveness at driving engagement and ROI.

Record (REC); FY18 results: AUME up 7% in USD terms (down 5% in GBP terms) and revenue and EPS up 4%

Stock down 4.76% to 44.38p at 8:00

REC’s AUME (31 March 2018) grew 7% YoY to $62.2bn (fell 5% to £44.3bn in GBP terms). Revenue rose 4% YoY to £23.8m, while costs (before variable pay) grew 13% YoY largely due to additional headcount, resulting in operating margin declining to 31% (2017: 34%). EPS grew 4% YoY to 3.03p, taking into account the tender offer (July 2017).

KEFI Minerals (KEFI); Conditional Placing and Subscription of new ordinary shares for up to £5.

Stock down 20.28% to 2.83p at 8:07

KEFI Minerals has announced that it has conditionally raised £3m (US$4m) through a placing of 120m new ordinary shares of 1.7p each at an issue price of 2.5p to existing and new shareholders and intends to issue up to a further 100m shares.

Stobart Group (STOB); former CEO removed from board

Stock up 0.31% to 267.32p at 8:07

STOB has announced the removal of its former CEO Andrew Tinkler from its board of directors.