Calidus Resources (CAI); reveal remarkable gold intercepts, extending the scale of Warrawoona
Results demonstrate significant scale at the St George Shear Target that could become a feeder pit for a plant
Calidus Resources (CAI) has announced an impressive set of assay results from a drill programme at its Warrawoona Gold project, located in Australia. The drill programme tested below the existing Mineral Resource Estimate at the Klondyke Deposit, following up on the initial success at the St George Shear Target.
Read more...easyHotel (EZH); sees a troubled outlook in the UK due to political and economic uncertainty
Third year trading fundamentals are ahead of sector norms
Super-budget hotel operator easyHotel celebrates a pivotal year to September 2018, with system sales up 25.8% at £37.3m and EBITDA up 28.6% at £2.96m. Pre-tax profit grew a more modest 1.4% at £0.87m, a symptom of disruption at Old Street and Earl’s Court. Reflecting the March placing, earnings per share were 0.5p against 0.7p a year ago.
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Euromoney Institutional Investor (ERM); agrees to acquire BoardEx and The Deal for $87.3m
The agreement is expected to be earnings-accretive for the company in its current financial year
Euromoney Institutional Investor has agreed to acquire 100% of The Deal LLC’s equity, comprising BoardEx and The Deal, from its parent company, TheStreet, for a total cash consideration of $87.3m.
Read more...Boku (BOKU); releases acquisition and trading update
Boku reports that the total payment volume in the 10 months to October 2018 grew 124% reaching $2.8bn
The company today announced it signed an agreement to acquire 100% of the share capital of Danal Inc. The agreed initial consideration is 26.7m Boku common shares at $0.0001 each, $3m of Boku warrants, exercisable at 141p each, and $1m in cash, payable on completion. Furthermore, Boku has agreed to pay deferred consideration of up to $64m, satisfied in common shares and warrants, dependent on Danal’s future performance.
Read more...Custodian REIT (CREI); report PBT up 26% to £16.6m
The company disposed of three properties for an aggregate consideration of £15.4m
Custodian REIT reported today that the company paid interim dividends of 3.275p per share for the half year ended 30 September 2018. The company also reported a NAV per share total return of 4.3% (4.2% in 2017). EPS increased 13% year-on-year to 4.3p.
Read more...Stock Spirits (STCK); doing well off its Eastern European trading market
Stock grew its vodka market share 1.8ppts to 27.0% and value 1.2ppts to 27.4%
With its buoyant Eastern European trading markets refreshingly far from the UK, Stock Sprits has delivered year-on-year net profit growth of 13.8% to €33.2m to its new-year end of September 2018, meeting market EPS expectations of 16.7c per share, up 13.4%. This signals two years of turnaround in the company’s main markets centered on Eastern Europe.
Read more...Joules (JOUL); defies macro-economic uncertainties to deliver 17.6% total sales growth
Pressure on Joules’ share price over recent months has significantly narrowed the company’s valuation premium
Joules, the lifestyle brand renowned for colourful family-oriented apparel and homewares, has impressively, once again, defied wider macro-economic uncertainties to deliver 17.6% total sales growth in its pre-close update for the 26 weeks to 25th November 2018. Within this, Retail performed notably well with sales growth of 21.2% whilst Wholesale, perhaps a little disappointingly, dropped from previously reported double digit growth figures to 8% sales growth.
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Banca Sistema (BST); reduced risk weighting for salary and pension-based loans closer to completion
ECOFIN has approved amendments to European capital requirements regulation (CRR 2)
Banca Sistema has highlighted a positive development in the EU Economic and Financial Affairs Council (ECOFIN), which has approved amendments to European capital requirements regulation (CRR 2).
Read more...Numis Corporation (NUM); reports record revenue for 3rd consecutive year
Strong preliminary results for the year ended 30 September 2018
Numis reported record revenues for the 3rd consecutive year alongside 4% and 21% growth in revenue and advisory fees. Revenue in equities grew 6% to £47.5m. Underlying operating profit was down 14.4% to £29.7m and profit before tax was down 17.4% at £31.6m, when compared to the previous year.
Read more...Greatland Gold (GGP); It’s time to check the AIM rules
Greatland has shown a clear lack of understanding for AIM requirements in its recent press release
Greatland Gold (GGP) and its Nominated Advisor, SPARK, showed a clear lack of understanding of the AIM rule book this morning with its drilling update on the Havieron Project, located in Australia. The update in question gave a description of “all holes intersecting significant visible mineralisation” but no assay results to back up these claims.
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