Avanti Comms (AVN); Interim results: revenue up 23% to $29.9m; headline EBITDA profit at $4.7m
Stock up 11.34% to 5.50p at 8:19
AVN expects to post double digit YoY growth in bandwidth revenue having resolved the issues plaguing it in the last eighteen months.
Read more...Boku (BOKU); exercise of warrants
Stock flat at 171.50p at 08:12
BOKU announced that it has applied to the London Stock Exchange for admission to trading on AIM of 543,760 new common shares of $0.0001 each pursuant to the exercise of all warrants issued to Silicon Valley Bank.
Read more...7digital Group(7DIG); interim results: total revenue up 52%
Stock down 2.17% to 4.50p at 8:04
For the six months ending 30 June 2018, 7DIG’s total revenue increased 52% YoY to £9.3m from £6.1m. The company’s gross profit increased 48% to £6.6m (H1 2017: £4.4m).
Read more...TUI Group (TUI1): reassures investors it will meet expectations
Early bookings for next year in line with forecasts
Days after Thomas Cook shocked the travel sector with a profits warning blamed on the hot summer, its rival TUI Group has reassured investors, saying it will meet expectations for growth of at least 10% in underlying earnings this year.
Read more...Custodian REIT (CREI); acquired Foundry House for £3.56m
Stock up 0.16% to 121.80p at 8:31
CREI has announced that it has acquired Foundry House for a purchase price of £3.56m using its existing debt facilities resulting in net gearing rising to 23.1% loan to value.
Read more...eServGlobal (ESG); total fundraising of £19m
Stock up 6.22% to 06.32p at 8:22
ESG has raised £19m through a placement of 304,000,000 new ordinary shares at 6.25p/share. It will focus on funding its share of an expected capital raising by the HomeSend JV and helping position the core business for sale.
Read more...appScatter Group (APPS); 1H18 results: revenue increased 3% to £904,000
Stock down 1.67% to 29.50p at 08:09
For the six months ended 30 June 2018, APPS achieved stable revenue notwithstanding management’s focus on the acquisition of Priori Data with an increase of 3% to £904,000 (1H17: £875,000).
Read more...Entertainment One (ETO);trading update:year-end net debt/EBITDA expected to be about 1.8x
Stock down 0.37% to 380.80p at 08:11
ETO announced trading update for the six months ending 30 September 2018. It reported that trading was consistent with trends outlined at the start of the financial year. ETO expects full year financial performance to be in line with management expectations, with a similar H1/H2 weighting to FY18.
Read more...BioPharma Credit (BPCR);half year results: NAV per ordinary share down by 0.44 cents
Stock flat at 1.08USD at 8:10
BPCR reported a decrease in NAV per ordinary share of 0.44 cents, from $1.0091 on 31 December 2017 to $1.0047 on 30 June 2018. NAV per C share increased from 98.00 cents during admission to 98.29 cents on 30 June 2018.
Read more...Mitchells & Butlers (MAB): pre-close statement posted like-for-like sales growth of 2.2%
Total sales growth up 4-0.5%
The recent return to more normal weather has been positive news for Mitchells & Butlers, pushing like-for-like sales growth up to 2.2% for the 8 weeks to 22 September. That was in improvement on 0.9% for the previous 11 weeks, when the summer heat had impacted its food-led outlets.
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