Metals Exploration (MTL); Q1 2019: better performance for mining
Metals Exploration announced its quarterly update to 31 March 2019. Mining attained a better quarter, with a production of 2.93Mt and actual mine dilution rates continued to be higher than forecasted.
Metals Exploration announced its quarterly update to 31 March 2019. Mining attained a better quarter, with a production of 2.93Mt and actual mine dilution rates continued to be higher than forecasted.
Read more...Keywords Studios (KWS); acquires Wizcorp for JPY 120m in cash
This acquisition extends the group’s Engineering Service line into the Japanese game development market
Keywords Studios acquired Wizcorp’s entire issued share capital for a cash consideration of ¥120m from Ankama SAS (Ankama) and Silicon Studio Corporation. Based in Tokyo, Wizcorp develops games primarily in the mobile space, with particular expertise in HTML5 and other mobile technologies.
Read more...Oxford BioDynamics (OBD); receives Queen’s Award for Enterprise
The platform is designed to accelerate drug discovery and development processes and to improve success rates of therapeutic candidates
Oxford BioDynamics has received the 2019 Queen’s Award for Enterprise in innovation for its proprietary technology platform, EpiSwitch. EpiSwitch is an innovative technology platform for the discovery, evaluation, validation and monitoring of a novel class of epigenetic biomarkers known as “chromosome conformation signatures.”
Read more...Record (REC); trading update: assets under management equivalents total $57.3bn or £44.0bn
Between December 2018 and March 2019, Record’s assets under management equivalent (AUME) decreased 0.9% in terms of USD and 3.1% in sterling.
Between December 2018 and March 2019, assets under management equivalent (AUME) decreased 0.9% in terms of USD and 3.1% in sterling. Exchange rate movements and mandate volatility targeting had an impact of -$0.1bn on AUME, while movements in global stocks and other markets contributed +$3.0bn.
Read more...Carclo (CAR); year-end trading update
Carclo’s Technical Plastics and Aerospace divisions report performance in line with expectations for the year ended 31 March 2019.
Technical Plastics and Aerospace divisions report performance in line with expectations for the year ended 31 March 2019. Wipac division saw improved production volumes. However, elevated costs and lower development and tooling revenue dragged down profits for the division and the group for the year.
Read more...PowerHouse Energy (PHE); first revenue contract signed with Waste2Tricity
PowerHouse’s revenue contract can lead to a build contract and licence for use of the DMG® Technology at the Protos site, subject to successful outcome.
PowerHouse’s revenue contract can lead to a build contract and licence for use of the DMG® Technology at the Protos site, subject to successful outcome. Stage one of engineering design services will include specific feedstock analysis and testing, including some third-party services, site modelling and specific engineering related to the Protos site. This will define the parameters of second stage, which will include placing of Front End Engineering Design (FEED) contract with an Engineering, Procurement and Construction (EPC) contractor.
Read more...GB Group (GBG); expects to report adjusted operating profit of ~£31.7m for FY19
GB Group issued an update on its trading performance for the year ending 31 March 2019, whereon an underlying constant currency basis, organic revenue increased 11.3%
GB Group issued an update on its trading performance for the year ending 31 March 2019, whereon an underlying constant currency basis, organic revenue increased 11.3%. GB Group’s net debt balance stood at £66.3m on 31 March 2019 (2018: £13.5m net cash) after it used cash and debt to acquire Vix Verify Global and used another £86m of debt partially to finance the purchase of IDology.
Read more...discoverIE Group (DSCV); report group sales up 12% year-on-year
Full year earnings are expected in line with the Board’s expectations
For the quarter ended 31 March 2019, discoverIE’s group sales increased 12% year-on-year, on a reported basis, and 14% on a constant currency basis. Excluding acquisitions, the sales and organic order growth grew 8%. As for the financial year ended 31 March 2019, sales rose 13% on a reported basis and 14% in constant currency terms, while orders registered 7% in organic growth for year.
Read more...Fidelity AsianValues (FAS); report share price total return of 3.3% for H1
The company has outperformed the comparative index over the last six months
For the six months ending 31 January 2019, Fidelity AsianValues’ NAV per share total return was -2.8%. The comparative index, the MSCI AC Asia ex Japan Index, returned -4.6% during the same period.
Read more...Hutchison China Meditech (HCM); files application to list in Hong Kong and announces global offering
In addition, the company has proposed to undertake a global offering of its shares
Hutchison China Meditech has submitted a listing application to the Stock Exchange of Hong Kong (SEHK) to apply for the listing of and permission to deal in its shares on the main board of the SEHK.
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