Edison Investment Research

GB Group (GBG); announces key contract wins, operations in line with expectations

Stock flat at 590.0p at 8:06

GBG announced that it has made a good start to the year and is expecting to deliver in line with expectations. The company secured several some key contracts during the quarter besides launching a new product. GBG also announced that it has a healthy acquisition pipeline in place for both this financial year and beyond.

Marston’s release trading statement after an extraordinary period of hot weather

The stand-out statistic was the growth of 61% in beer volumes, although this was boosted by the acquisition of Charles Wells in June 2017.

Metro Bank release results ahead of schedule after announcing a placement of 8.85m shares

Metro Bank released results ahead of schedule yesterday evening as they announced a share placing of 10% new shares equivalent to 8.85m shares.

QinetiQ Group (QQ); Q1 trading update: underlying trading as expected; FY expectations unchanged

Stock up 1.22% to 274.60p at 8:25

QQ’s underlying trading met expectations in Q1. There are no changes to expectations for the group’s performance in the current financial year.

Primary Health Prop. (PHP); interim results: EPRA earnings & net rental income up 11% & 7.5% YoY

Stock down 0.17% to 116.20p at 8:15

PHP reported its interim results for the 6 months ended 30 June 2018. EPRA earnings increased 11% to £17.1m (30 June 2017: £15.4m) and net rental income rose 7.5% to £37.4m (30 June 2017: £34.8m).

Norcros (NXR); trades in line with the board’s expectation; revenue for 13-week period up 15.5

NXR reported its trading update for the 13-week period till 1 July 2018 ahead of today’s AGM. Group revenue for the period increased 15.5% on a reported basis compared to the same period last year.

Angle (AGL); Preliminary 2018 results: 2018 net loss widens on planned investments

Stock down 1.39% to 53.25p at 8:15

AGL’s loss for the year ended 30 Apr 2018 increased to £7.5m compared to £6.4m loss for the year 2017, largely driven by planned investments. Revenue and grant rose marginally to £0.7m in 2018 compared to £0.5m the previous year.

Picton Prop Inc (PCTN); NAV at £494.6m; dividend of 0.875pps

Stock up 0.89% to 91.00p at 8:04

PCTN’s NAV increased to £494.6m (31 March 2018: £487.4 million) and NAV/EPRA NAV per share rose 1.5% to 91.8p (31 March 2018: 90.4p). Annual dividend equivalent will be 3.5pps, amounting to a yield of 3.9%, based on 23 July 2018 share price.

European Assets Trust (EAT); total NAV return of -0.4% in H1 2018

Stock flat at 118.75p at 8:11

EAT reported a total NAV return of -0.4% and -0.9% in EUR and GBP terms, respectively, for the six months ending 30 June 2018. These returns lagged the EMIX Smaller European Companies (ex UK) Index’s total returns of 1.0% and 0.7% in EUR and GBP terms, respectively.

Tyman (TYMN); interim results: revenue and underlying operating profit up by 3%

TYMN posted revenue and profit growth in constant currency, reported and like for like basis in the six months ended 30 June 2018.