Target Healthcare (THRL): posts annual results
Target Healthcare posted results for the year ended 30 June 2019. NAV total return was 8.1% vs 10.5% for last year and IFRS profit for the year increased by 8.2% to £29.9m. EPRA adjusted EPS was down 1.6% to 5.45p, primarily due to dilution from equity issuance and change in management fee arrangements.
Read more...Treatt (TET); announces construction agreement
The contract is on a fixed price basis
Treatt announced that it has entered into a construction agreement to develop its new head office facility on Suffolk Park, Bury St Edmunds, with Readie Construction Limited. Construction is due to commence this month and completion is scheduled for Summer 2020.
Read more...Cohort (CHRT); reports order book at £210.9m
Cohort will announce its Q1 update at its AGM today. The company made further progress during the year and achieved record adjusted operating profit and order intake. Net debt stood at £12.9m as of 31 August 2019.
Read more...KEFI Minerals (KEFI); issues 19,020,557 new ordinary shares
KEFI Minerals has received notice from one of its working capital providers to convert £175,000 of the Loan Note issued on 5 August 2019 and associated costs of £8,750 into new KEFI ordinary shares of 0.1p each at a price of 0.966p per share. Therefore, KEFI has allotted and issued 19,020,557 new KEFI ordinary shares of 0.1p each to the loan facility provider.
Read more...Henderson Far East Income (HFEL); allots 150,000 ordinary shares at 371p per share
The shares will be issued for cash on 17 September 2019
Henderson Far East Income agreed on 13 September 2019 to allot 150,000 ordinary shares at 371p per share, each fully paid under its block listing facility. The NAV per ordinary share as of 12 September 2019 was 365.2p.
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Avon Rubber (AVON); reports strong balance sheet for FY 2019
In a pre-close statement ahead of Avon Rubber’s FY19 year end, management has indicated the strong momentum in Avon Protection continued through H219. Group performance was also supported by an improved trading environment for milkrite | InterPuls and favourable FX tailwinds.
Read more...Egdon Resources (EDR); Post positive results from Spring Roads core analysis
Egdon Resources and IGas Energy provided further details on the results from the Springs Road-1 core analysis. The analysis suggests that key characteristics of the Bowland Shale in the Springs Road-1 well compare to commercial shale operations in North America. The core results indicate a mature, organic content-rich source rock with good porosity confirming favourable gas resource density.
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Supermarket Income REIT (SUPR); shows visible income and growth potential
Following FY19 results that showed strong growth driven by the continued steady build-up of the portfolio, contracted RPI-linked rental growth, and improving efficiency, Supermarket Income REIT (SUPR) intends to raise c £50m in a share placing and offer with the proceeds directed at further portfolio acquisitions. FY19 shareholder total return was 8.0%, taking the total to 16.1% in the two years since IPO. The FY20 DPS target has been increased in line with inflation to 5.80p, implying a yield of 5.6%.
Read more...Custodian REIT (CREI); disposes its city centre office and retail unit
Custodian REIT disposed of a 39,279 sq. ft. property that it acquired in January 2016. The sales value of £9.1m, before rent top-ups and cost guarantees relating to vacant space of c. £0.3m, is in line with the 30 June 2019 valuation. The net gearing of the company has decreased to 21.1% after the disposal of the property.
Read more...Finsbury Growth & Income Trust (FGT); issues 100,000 ordinary
Finsbury Growth & Income Trust has issued 100,000 new ordinary shares of 25p each in accordance with its placing programme at a price of 941.50p per share. The shares rank pari passu with the existing ordinary shares in issue.
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