WANdisco (WAND); announces filing of new blockchain patent
Stock up 3.56% to 930.00p at 8:07
WAND announced a new patent filing to protect the use of the company’s Distributed Coordination Engine (DConE) - a patented Paxos-based consensus technology to resolve issues associated with public blockchain technology.
Read more...IQE (IQE); 1H18 trading update: expands VCSEL engagements and replenishes wireless inventory
Stock up 10.45% to 112p at 08:12
IQE expects £73m in revenue for H1 2018 (H1 2017: £70m), which was achieved against a currency headwind of 9.5%.
Read more...Kape Technologies (KAPE); acquires Intego for $16m
Stock up 3.59% to 115.50p at 8:10
KAPE acquired the entire issued share capital of Neutral Holdings Ltd trading as Intego from Bessemer Venture Partners for a total cash consideration of $16.0m. The acquisition is expected to be earnings accretive in the current financial year.
Read more...Ebiquity (EBQ); 1H 2018 trading update: revenue growth in Media and Analytics & Tech segments
Stock down 22.12% to 44.00p at 8:01
Revenues from EBQ’s Media and Analytics & Tech segments for the first six months ended 30 June 2018 grew 7% over the prior year on a like-for-like (LFL) basis. LFL revenues for the Intel segment were down 9% versus 2017.
Read more...Custodian REIT (CREI); NAV highlights for June-ending quarter
CREI provided an update for the April-June 2018 period. NAV grew from £415.2m (31 March) to £416.9m (30 June). The portfolio value grew from £528.9m to £537.4m over the same period. EPRA occupancy increased to 96.7% (from 96.5%).
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Earnings estimates: Marginal declines could point to trouble ahead
Regions outside US now showing modest downgrades
Outside the US, most equity sectors have suffered modest downward revisions to 2018 earnings forecasts over the past four weeks. Within the US, 2018 earnings forecasts are effectively unchanged over the same period. It is too early in our view to be certain that this loss of momentum in non-US estimates is the start of a downtrend but it is consistent with the recent sharp declines in industrial commodities. The good news for 2018 – such as US tax cuts and continuing Eurozone expansion was always in our view a H1 phenomenon. The more challenging narratives such as rising US interest rates were in contrast likely to endure for longer. Furthermore, trade war uncertainty has reached a new peak.
Read more...McColls’ interims reveal a first-half like-for-like sales decline of 2.7%
Today McColl’s, a leader in the sector, reports first-half like-for-like sales decline of 2.7% and a 40bps gross margin hit leading to adjusted pre-tax profit – stripping out property disposals - down 40% at £3.4m.
Read more...MedicX Fund (MXF); QE 30 June 2018: portfolio value up 10.9% to £797.9m; EPRAV NAV ps up 1.5%
Stock down 0.25% to 81.40p at 8:00
MXF reported its trading update and quarterly NAV for the quarter ending 30 June 2018. Portfolio value increased 10.9% to £797.9m (31 March 2018: £719.7m) and EPRA NAV per share rose 1.5% to 80.8p (31 March 2018: 79.6p).
Read more...Tungsten Corporation (TUNG); FY results: EBITDA loss decreases to £4.6m
Stock up 1.07% to 54.58p at 8:06
TUNG announced its FY18 results (April 2018). Revenue increased 8% to £33.7m (up 9% at constant exchange rates). EBITDA loss decreased to £4.6m (FY17: £11.8m loss). Net loss reduced to £11.9m (FY17: £12.5m).
Read more...Keywords Studios (KWS); acquires Yokozuna Data (YD) for $1.5m
Stock down 1.33% to 1784.00p at 08:04
KWS has acquired YD from Silicon Studio Corporation (Silicon) for a total cash consideration of $1.5m for the business and all associated technology rights and trademarks.
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