Shore Capital Group (SGR); acquires Stockdale Securities for an initial consideration of £4.9m
The initial consideration of £4.9m is attached to a maximum deferred consideration of up to £4.0m
Shore Capital announced it had acquired Stockdale Securities’ issued capital for £4.9m, conditional upon FCA consent to the proposed change of control. The acquisition signifies a convincing strategic fit and is expected to enhance the existing operations of Shore Capital Markets by expanding the corporate client base, adding a specialist investment funds capabilities to the business.
Read more...Plus 500 (PLUS); release profit warning for 2019
Plus 500 expects 2019 revenues to be lower than current market expectations, following its latest assessment of regulatory measures
Plus500, the financial spreadbetting group, has warned on 2019 profits following the introduction of a new regulatory regime six months ago. The FTSE250 company issued the warning alongside full-year results showing a 90% increase in net profits to $379m, on revenues 65% ahead at $720m.
Read more...Kodal Minerals (KOD); announces final assay results for its Bougouni lithium project
These results are expected by the company to be included in an updated mineral resource estimate due to be announced in February
Kodal Minerals has announced the final assay results from its November-December 2018 drill programme this morning. The drill programme was designed to expand and upgrade the initial JORC 2012 compliant mineral resource estimate of 17.3mt at a grade of 1.2% Li2O (announced on 5 September 2018) at its Bougouni Lithium Project, located in Southern Mali.
Read more...Ebiquity (EBQ); trading in line with Board’s expectations for FY ended 31 December 2018
Ebiquity expects profitability for ongoing consultancy businesses to remain at a similar level
Both the existing business, comprising Media and Analytics and Tech, in addition to the Advertising Intelligence business, which was sold to Nielsen Media Research on 2 January 2019, performed as expected. Net debt was reduced by nearly £20m owing to the sale and stood at £28m.
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GB GROUP (GBG); announces placement of 39,024,390 new ordinary shares
The total gross proceeds raised during the placement is £160m
GB Group has announced that a total of 39,024,390 new ordinary shares of 2.5p each of the company have been placed by Peel Hunt LLP and Investec Bank. The shares have been placed at a price of 410p per share. This represents a 3.1% discount to the closing price on 11 February 2019.
Read more...Osirium Technologies (OSI); wins contract with major UK provider of software and IT services
The 12-month licence is initially for 250 devices
Osirium Technologies has announced that it has won a contract with a major UK provider of software and IT services to the public sector. As per the contract, Osirium will deliver its full PxM Platform, including the Privileged Access Management, Privileged Task Management and Privileged Session Management modules.
Read more...Windar Photonics (WPHO); full year trading update revenue up 59%
EBITDA loss reduced by 71% to €0.36m (2017: loss €1.22m)
For the year ended 31 December 2018, the company’s total revenue increased by 59% to €3.5m. Gross profit grew 86%, to €1.7m (2017: €0.9m). Net cash stood at €2.2m including restricted cash holdings of €0.5m. (2017: €1.1m and €0.2m, respectively). Order backlog at the year-end for deliveries totalled €1.0m (2017: €3.9m) in 2019.
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Stride Gaming (STR); confirms review of its strategic options
The board remains confident in the company’s ability to manage ongoing fiscal and regulatory market pressures
Stride Gaming has confirmed that it is currently reviewing all strategic options to maximise value for its shareholders.The group also mentioned that it was fined once by the Gambling Commission of Great Britain in 2018.
Read more...Murray Inc Trust (MUT); reports loss of 9.1% in total assets for half-year ended 31 December 2018
Performance in total return for share price per ordinary share witnessed a loss of 5.0% (30 June 2018: +3.3%)
Murray Inc Trust witnessed a loss of 9.1% and 9.9% in total assets and equity shareholders’ funds for the half year. The share price of ordinary shares fell 7.1% to 728.0p from 784.0p. Net gearing and ongoing charges stood at 6.5% and 0.70%, respectively.
Read more...Palace Capital (PCA); selects Caddick Group for a £35m contract to develop Hudson Quarter
For this project, the company will use a debt facility worth £26.5m from Barclays Bank
Palace Capital’s subsidiary, Palace Capital (Developments) Ltd, has selected Caddick Construction Ltd to undertake the construction phase of its Hudson Quarter development.
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