Tyman (TYMN); trading update: activity level below board’s expectation for four months to 30 A
Tyman’s trading update for four months to 30 April 2019 showed that the group’s revenue increased 15% in comparison to the corresponding period in 2018
Tyman’s trading update for four months to 30 April 2019 showed that the group’s revenue increased 15% in comparison to the corresponding period in 2018. That said, on a like-for-like basis, revenue for the four months ended 30 April 2019 was flat compared to 2018. The difference was mainly due to the acquisitions completed in 2018 and currency impact.
Read more...Findel (FDL); PBT for FY 2019 above current market expectations of £27-£28m
Findel reported its trading update following the close of its financial year to 29 March 2019, showing that core net debt to c. £57m from £73.8m at March-end 2018
Findel reported its trading update following the close of its financial year to 29 March 2019, showing that core net debt to c. £57m from £73.8m at March-end 2018.
Read more...Baker Steel Resources Trust (BSRT); announces a tender offer for up to 9.7m shares
Today, Baker Steel (BRST) announced a tender offer for up to 9,677,498 shares, representing approximately one share for every 12 of the company's issued shares
Today, Baker Steel (BRST) announced a tender offer for up to 9,677,498 shares, representing approximately one share for every 12 of the company’s issued shares. The tender offer is priced at 51p per share, representing a premium of 10.9% to the closing bid price on 7 May 2019 and a discount of 10.2% to the unaudited NAV as at 30 April 2019.
Read more...Civitas Social Housing (CSH); issues a regulatory announcement in respect of Bespoke Supportive Tena
As at 9 May 2019, Bespoke Supportive Tenancies Limited (BeST) remains up to date with all lease payments due to Civitas, which is expected to continue
Civitas has issued a response to the regulatory announcement from Regulator of Social Housing (“RSH”) on BeST. BeST is one of the 15 housing associations working with Civitas and other landlords in the sector.
Read more...EMIS Group (EMIS); AGM statement: trading for YTD is in line with the board expectations
Deployment of improved internal systems likely to drive greater efficiencies during 2019 and beyond
During EMIS Group’s AGM, the Chairman will make the announcement that trading for the year to date is in line with the board’s expectations. As reported on 20 March 2019 during its FY18 results, the group continues to have market-leading positions, high levels of recurring revenue and remains in a strong financial position.
Read more...Osirium Technologies (OSI); revenue increases 48% to £957,461 for FY2018
Osirium Technologies posted their final results for the 12 months ended 31 December 2018, showing that total bookings increased 34% to £1,177,292
Osirium Technologies posted their final results for the 12 months ended 31 December 2018, showing that total bookings increased 34% to £1,177,292 sustained by a growing awareness of Privileged Access Management (PAM).
Read more...1Spatial (SPA); announces placing, acquisition of Geomap-Imagis
1Spatial announced that the group has entered into two separate share purchase agreements to acquire the entire issued share capital of Geomap-Imagis Participations (Geomap-Imagis; the Acquisition)
1Spatial announced that the group has entered into two separate share purchase agreements to acquire the entire issued share capital of Geomap-Imagis Participations (Geomap-Imagis; the Acquisition), for a total consideration of €7.0m. As at 6 May 2019, the 1Spatial had net cash of approximately €1.9m.
Read more...ReNeuron (RENE); year-end update: positive preliminary data in first cohort of hRPC Phase 2a study
The preliminary data for all the Phase 2a subjects in hRPC clinical trial for retinal disease is expected to be reported in the second half of 2019
The preliminary data for all the Phase 2a subjects in hRPC clinical trial for retinal disease is expected to be reported in the second half of 2019. Phase 2b clinical trial of CTX cell therapy candidate for stroke disability has already commenced.
Read more...Civitas Social Housing (CSH); declares a quarterly dividend of 1.325p per ordinary share
Civitas’ board has declared a quarterly dividend of 1.325p per ordinary share for the three months to 31 March 2019
Civitas’ board has declared a quarterly dividend of 1.325p per ordinary share for the three months to 31 March 2019, an increase of 6% against the previous quarterly dividend payment of 1.25p
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A risk-on environment is a good time to take risk off
Equity valuations, credit spreads and volatility all point to a tactical reduction in portfolio risk
Author: Alastair George
It has been quite a ride to the upside in global markets in 2019 to date. The swings in sentiment since October 2018 have been extreme, creating a significant late-cycle trading opportunity as markets bottomed during December. Earlier expectations for profits growth in 2019 were indeed over-optimistic but fears that central banks would ignore weakening economic trends were always likely to prove wide of the mark. Furthermore, US/China trade negotiations seemed to be making progress and likely to be resolved ahead of the start of any US Presidential election campaign for 2020. The cross-asset class rally in global markets may leave the consensus narrative focused on the upside but we now view the short-term bull trade as complete, following the US Fed’s confirmation that rates are on hold rather than on their way down. For the summer of 2019, we believe “main street” will be the bigger beneficiary of improving economic conditions compared to Wall Street. In addition, uncertainty has risen in respect of a resolution of the US/China trade conflict.
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