Secure Trust Bank (STB); reports strong trading in the final period ending 31 December 2018
Full-year results should be in line with expectations
Secure Trust Bank continued its growth in customer numbers and associated retail finance, motor finance, mortgages and SME lending balances for the year, with more than £2bn in customer lending balances.
Read more...Norcros PLC (NXR); proposed acquisition of RAP Plumbing Supplies
Despite a challenging market environment, the Board of Norcros expects to make progress in line with its expectations for the year to 31 March 2019
Norcros South Africa entered into a conditional agreement to acquire RAP Plumbing Supplies for c. £12.1m on a debt and cash free and normalised working capital basis.
Read more...Millennials are still spending, according to Boohoo and JD Sports’ upbeat trading update
The company ended the period with net cash of £189m
Having already put out a brief statement to calm the market hours after the shock ASOS profit warning in late December, the overriding message from Boohoo this morning is perhaps slightly better than anticipated - a strong sales performance across all brands and all regions, a slight increase in revenue guidance to 43-45% (previously 38-43%) for the full year to 28th February 2019, although no change to consensus earnings estimates.
Read more...7digital (7DIG); confirms payment to HRMC of sums due from its subsidiary
A further RNS will confirm that the petition has been duly dismissed
In addition to the “update announcement” made on 4 January 2019, 7digital has announced that it has fully paid the amount due from its subsidiary, 7digital Trading, to HM Revenue & Customs (HMRC).
Read more...StatPro Group (SOG); signs $1.5m contract with large US asset management service provider
This is StatPro’s sixth client to sign up to the Revolution platform
StatPro secured a three-year contract with a US asset management service provider for one of its clients to use its clouds-based portfolio analysis software, StatPro Revolution.
Read more...Osirium Technologies (OSI); trading continues to improve and is in line with expectations
Booking levels for FY18 expected to be considerably ahead of the previous period
At the start of 2019, Osirium has more Proof of Concept (POC) programmes scheduled in the first quarter than in the whole of 2018. The conversion rate of POCs to sales also continued to increase. The company expects revenue for the 12 months ended 31 December 2018 to be at least £0.95m, which is subject to audit.
Read more...XP Power (XPP); trading for FY18 in line with board’s expectations
A dividend of 19p/share was paid for Q3 on 10 January 2019
XP Power today reported that it expects further revenue growth in FY19, aided by ongoing new design wins and a healthy order book. Revenue for Q4 and FY18 ended 31 December 2018 increased 14% and 17% to £48.9m and £194.8m respectively. On a like-for-like basis, revenue grew 7% to £172.8m for the full year.
Read more...Boku (BOKU); continued growth in all key metrics during 2018
Strong growth in monthly active users (MAU) and total payment volumes lead to continued revenue growth
In the unaudited trading update for the 12 months ended 31 December 2018, Boku announced that revenue for 2018 is likely to be in the range of $34.8m to $35.3m, representing growth in excess of 40% on 2017. As of 31 December 2018, Boku held c. $32.3m in cash and total processed value (TPV) of $3.6bn for 2018 was 109% on 2017 figures.
Read more...Can the raft of offerings following the JP Morgan conference survive the current climate
Macro issues and other opportunities could arise that divert this appetite away from biotech
At the start of years like this year, when the annual JP Morgan healthcare conference in San Francisco ended on a positive note, it would normally be open season in the US, with a whole raft of secondary offerings aimed at satiating the appetite in healthcare generated by the conference. With the US government shutdown affecting the Securities Exchange Commission (SEC), that raft of fund-raising is unlikely to be available, unless companies had filed and received approval for their prospectuses and shelf registrations before the shutdown began in late 2018.
Read more...QUIZ (QUIZ); under performs over Christmas
The board anticipates FY 2019 revenues to be lower than current market expectations at approximately £133.0m
Challenging conditions have persisted for value fashion retailer, Quiz, with sales and margins underperforming expectations over the key Christmas six weeks to 5th January 2019 and a further earnings downgrade flagged. Group online sales increased by 34.1%, with the company’s own website delivering a stronger performance with sale growth of 50.8%.
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