Allied Minds (ALM); HawkEye 360 successfully launches its Pathfinder mission
The satellites will deliver a unique source of radio frequency that HawkEye 360 will use to create first-of-its-kind RF-based analytics
Allied Minds portfolio company, HawkEye 360, announced the successful launch of its first of three pathfinder satellite clusters aboard Spaceflight’s SSO-A. The launch used a SmallSat Express rideshare on a SpaceX Falcon 9 rocket.
Read more...Custodian REIT (CREI); acquires Jubilee Close Retail Park for £10.8m
Purchase funded from company’s existing debt resources
The 44,844 sq.ft. Jubilee Close Retail Park in Weymouth comprises three units occupied by B&Q, Halfords and Sports Direct. The property has retailers Currys, KFC and Matalan in its close neighbourhood.
Read more...discoverIE Group (DSCV); strong growth in sales, profits and earnings
Group sales for the first half grew 11% to £211.7m and by 12% at constant exchange rates (CER)
discoverIE announced its interim results for the six months ended 30 September 2018. Strong revenue growth, coupled with improving gross margins, drove a 23% increase in underlying operating profit, rising by £2.7m to £14.5m (25% CER), with underlying EPS rising 24% to 13p. Underlying PBT grew 24% to £12.9m.
Read more...Park Group (PARK); report billings grew 3.3% to £109.0m
The company hopes to focus on a multi-retailer redemption proposition, ease of work with customers, efficiency and a broader customer appeal in the future
In its results for H1 ended September 2018, Park reported a revenue of £27.4m vs. £30.6m in H1 2017. Losses before tax are down to £1.5m from £1.9m in 2017 and performance for this period is consistent with expectations for the financial year.
Read more...Diversified Gas & Oil PLC (DGOC); reports strong trading statement
EBITDA reported at $96.3m (post hedge) for 10m to end October
Diversified Gas & Oil PLC reported a strong trading statement, driven by a combination of strong gas price realisations, Core acquisition synergies and well reinstatements.
Read more...Oxford BioMedica (OXB); Kymriah trials exhibit durable responses
Grade 3/4 cytokine release syndrome was noted in 49% and 23% of patients in ELIANA and JULIET respectively
The Kymriah trials’ 24-month follow-up analysis of the ELIANA study in children and young adults with r/r B-cell acute lymphoblastic leukaemia exhibited durable response rates. While the 19-month analysis of the JULIET study in adult patients with r/r diffuse large B-cell lymphoma indicated prolonged durability of response in patients undergoing multiple rounds of chemotherapy and unsuccessful stem cell transplants.
Read more...Mercia Technologies (MERC); report fair value of investment portfolio increased to £77.8m
Funds under management stood at £394.9m vs. £336.5m in 2017
In its results for 1H ending September 2018, Mercia reports that is has invested £9.2m in 11 portfolio companies vs. £9.7m invested in nine portfolio companies in 1H 2017. Investments include £1.0m in Warwick Acoustics and £1.5m in Impression Technologies. Moreover, it invested £1.2m in Smart Antenna Technologies and £1.5m in Voxpopme, along with a new direct investment of £0.5m in Locate Bio.
Read more...Stobart Group (STOB); to undertake detailed capital review to optimise returns
Dividend of 1.5p per share declared for Q4
Stobart’s capital review reports that commercial agreements with Ryanair and EasyJet, among other airline partners, should help Stobart Aviation achieve its target of 5 million passengers from 2022 at £10 EBITDA per passenger.
Read more...Avanti Communications (AVN); signs $84m wholesale capacity agreement
Avanti’s revenue at $10.8m and EBIDTA loss at $10.6m for the quarter ended 30 September 2018
Avanti signed a 7-year wholesale capacity lease agreement for its HYLAS-fleet of satellites worth $84m. The company also entered into a $10m contract for steerable capacity of HYLAS 4 with ViaSat.
Read more...Pan African Resources (PAF);reveals exploration results for Royal Sheba Project exceed expectations
Near surface mineral resource increased by 6%
Pan African Resources just released exploration results for its Royal Sheba Project. The total mineral resources have been declared and signed off by independent mining consultant SRK at 0.8Moz. Near surface mineral resource increased by 6% from previous estimates to 0.37Moz and is conducive to open-pit mining while underground mineral resource was at 0.39Moz.
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