Edison Investment Research

StatPro Group (SOG); announces interim results: group revenue up 22%

Stock up 0.59% to 171.50p at 8:04

SOG’s revenue for six months ended 30 June 2018 was £27.24m, a 22% increase from £22.41m achieved during the same period last year. Adjusted earnings per share for the period was 3.4p, a 26% increase from 2.7p during the previous corresponding period.

MedicX Fund (MXF); quarterly dividend of 1.51p per share approved

Stock down 0.42% to 80.06p at 8:00

MXF has announced that its directors have approved a quarterly dividend of 1.51p per oridinary share in respect of the period 1 April 2018 and 30 June 2018.

Just Eats growth at a spectucular 45%

Just Eat is not so much an ordering service, more a way of life. It has 11.3m active customers and a strategic objective to unlock the £57bn market potential its sees in its core territories, as well as a further £26bn in South America which is served by an associate, iFood.

Greggs interims report first half like-for-like sales growth of +1.5%

Greggs’ revamped summer menu and a wider choice of value meal deals appear to have caught the eye of the cost conscious consumer in the relentless heat. Following on from the heavy snow disruption earlier in the year, the company reported first half like-for-like sales growth of +1.5%, implying a stronger second quarter at around +1.8% compared with +1.3% in the first quarter.

Tetragon Financial Group (TFG); 1H18 results: NAV per share total return of 4.4%

Stock flat at 12.75p at 8:25

For the half year ended 30 June 2018, TFG reported NAV per share total return of 4.4%, which compares favourably with the MSCI ACWI Index’s total return of -0.2% and the FTSE All Share Index’s total return of 1.7%. TFG delivered annualised return on equity of 10.5%, which was within its target of 10-15%.

Greggs PLC (GRG); interim results: total sales up 5.2%; interim dividend of 10.7pps

Stock up 5.88% to 1,018.00p at 8:28

GRG announced its interim results for the 26 weeks ending 30 June 2018. Total sales grew 5.2% to £476m (H1 2017: £452m) and reported pre-tax profit, including property profits and exceptional charges of £24.1m (H1 2017: £19.4m) for the period.

4imprint Group (FOUR); H1 2018 results: revenue up 17% to $348.33m

Stock flat at 1917.50p at 08:05

FOUR reported revenue of $348.33m and PBT of $15.93m (up 17% and 1% YoY, respectively) for the half year ended 30 June 2018. Its basic EPS and interim DPS were 44.96c and 20.80c, respectively.

City Pub acquisitions take the total estate to 46 properties

City Pub puts out an upbeat (though hardly material) statement announcing completion of three pub acquisitions in the London area, one freehold and two leaseholds, and exchange on a long leasehold on the Brighton seafront. 

PPHE Hotel Group transfer to a premium listing on the London Stock Exchange

PPHE moves to premium listing status on the LSE today. It has had a standard listing since 2011, after originally being on the AIM market since IPO in 2007

Foreign & Colonial Investment Trust (FRCL); 1H18 results: NAV total return of 3.7%

Stock down 0.45% to 713.80p at 8:25

For the half year ended 30 June 2018, FRCL reported total return on share price of 8% and NAV total return of 3.7% (vs. benchmark FTSE All-World Index’s 2.1%). Share price discount to NAV narrowed to 0.2%, the lowest in over 20 years. The first interim dividend will be 2.7p per share.