Witan Investment Trust (WTAN); announces a five-for-one share split
The record date for the split is 6.00 p.m. on 24 May 2019
Witan Investment Trust announced a five-for-one share split, following approval at its recently concluded annual meeting. Each ordinary share of 25p each in the capital of the company will be subdivided into five ordinary shares of 5p each.
Read more...IQE (IQE); responds to action taken by the Bureau of Industry and Security
The company estimates that its current maximum risk exposure to this matter is less than 5% of total FY2019 revenue guidance
Having added Huawei Technologies and 68 of its affiliates to its entity list, The Bureau of Industry and Security of the US Department of Commerce will prohibit sales to Huawei by certain IQE customers.
Read more...S&U (SUS); S&U (SUS); reports healthy progress in trading update
The group’s borrowing remains at £114m
S&U in its trading update reported healthy progress in both its motor finance and property bridging lending business. Its motor finance business, Advantage Finance, reported a 6% increase in its collections compared to net receivables, at £263. Its customer numbers now exceed 60,000 for the first time.
Read more...European Investment Trust (EUT); report share price total return of -10.2%
The company’s revenue return per ordinary share reduced 6.0% to 7.9p.
European Investment Trust announced its unaudited report for the half year ending 31 March 2019. The company’s NAV total return stood at -7.7%, driven by portfolio changes, with the disposal of a number of higher-yielding stocks. Share price discount to NAV stood at 12.3%. The board will pay an interim dividend of 9.5p per share, up 5.6% vs. 9.0p per share paid last year.
Read more...Tungsten Corporation (TUNG); revenue increases 6% to £35.3m for FY2019
Revenue growth driven by strong performance in H2 FY2019
Tungsten Corporation announced its trading update for the year ended 30 April 2019. Excluding Tungsten Network Finance (TNF), the company witnessed its first annual EBITDA profit of £2.5m with a 10% reduction in adjusted operating expenses to £31.0m. Net cash stood at £2.8m as of 30 April 2019. The divestment of TNF is expected within H1 FY2020.
Read more...Picton Property Income (PCTN); PAT at £31m for year ended 31 March 2019
The company delivered a total return of 6.5% compared to 14.9% in the year ended 31 March 2018.
Picton Property Income announced its annual results for the year ended 31 March 2019, reporting that net assets increased 2.5% to £499m, strong dividend cover of 122% was supported by earnings and EPS stood at 5.7p, while total dividend stood at 3.5p per share. Total debt outstanding reduced 9% to £194.7m.
Read more...
Boku (BOKU); reports that gross margins are projected to remain strong
Total Payment Volume (TPV) reached $1.6bn, up 64% over the same period last year
Boku, a mobile payment platform provider, posted a trading update today, reporting that trading since 2018 remains in line with management expectations. Total Payment Volume (TPV) reached $1.6bn, up 64% over the same period last year (4M-2018: $989m). Average Monthly Active Users over the same period sat at 14.6m, up 56% (4M-2018: 9.4m). In its Identity segmented, monitored numbers reached 69.8m, up 458% (4M-2018: 12.5m) and billable transactions totalled 102m, up 106% (4M-2018: 49.7m).
Read more...Britvic (BVIC); PAT increases 4.8% to £34.9m for 28 weeks ended 14 April 2019
Britvic reports that disciplined revenue management
Britvic posted its interim results for the 28 weeks ended 14 April 2019. Organic revenue increased 1.9% to £769.2m, while organic adjusted EBIT increased 5.0% to £83.7m. Adjusted EPS increased 5.2% to 22.3p and the interim dividend per share increased 5.1% to 8.3p.
Read more...Entertainment One (ETO); delivered strong earnings growth for FY19
Board increases the dividend by 7% to 1.5p/share for FY19
Entertainment One announced full-year results for the year ending 31 March 2019, reporting underlying EBITDA up 21% at £198m, driven by strong growth in Family & Brands and higher margins in Film, Television & Music. The group’s underlying EBITDA margin improved by 510 basis points to 21.0%.
Read more...Epwin Group (EPWN); reports favourable trading consistent with market expectations for 2019
The board maintains its positive view of the medium-term prospect for the market
Epwin Group posted its trading update, which meet market expectations for 2019. Trading was “favourable”, especially in the Window Systems business, which has continued to win new customers. The Amicus distribution and PVS decking acquisitions have integrated well according to the company and are performing in line with Epwin’s expectations.
Read more...