Edison Investment Research

EMIS Group (EMIS); H1 2018 trading in line with board’s expectations; confident on outlook

Stock flat at 865.0p at 8:10

EMIS continued to benefit from strong market shares, high levels of recurring revenue and good visibility in its order books and pipelines. The board’s expectations for the full year remain unchanged.

Avon Rubber (AVON); receives order worth $25m from US DoD

Stock up 0.59% to 1,408.25p at 8:04

AVN has announced the receipt of an order for 93,000 M50 mask systems worth $25m from the US Department of Defense (DoD) and considers the order contributes towards building its order book for FY 2019.

Town Centre Securities (TOWN); YE update: year ended with significant portfolio progress

TOWN announced its FY18 (June 2018) update ahead of its results expected on 26 September 2018. There is significant progress in updating, improving and recycling its property portfolio.

DP Eurasia’s trading statement shows growth in system sales of 28.1%

DP Eurasia arguably represents something of a play on the new world order, refreshingly remote from the world of Brexit and US trade deals.

Pan African Resources (PAF); preliminary production results; gold production exceeds guidance

Stock up 3.41% to 07.58p at 8:33

PAF has reported preliminary production results for the financial year ended 30 June 2018. The company’s gold production was 160,421 oz for the FY2018 ahead of its guidance of 157K-160K oz. Production guidance for FY 2019 is approximately 170,000 oz excluding any production from Evander’s underground operations.

Windar Photonics (WPHO); £2.2m equity capital raised

WPHO has announced it has raised £2,227,500 (before expenses), following the subscription of 2,700,000 ordinary shares of 1p each in the company (subscription shares) at 82.5p per share (issue price).

Primary Health Properties (PHP); announces to fund and acquire a primary care centre (PCC)

Stock down 1.04% to 115.39p at 8:39

PHP has contracted to fund and acquire a significant purpose built PCC in the Republic of Ireland (Bray, County Wicklow).PHP ICAV, a subsidiary of PHP, will provide development funding for the construction of this centre for a total consideration of €22.3m.

Renewi (RWI); trading update: in line with management expectations; change in reporting currency

Stock down 0.40% to 74.70p at 8:21

For the period from 1 April 2018 to date, RWI continued to trade in line with management’s expectations. RWI will report its consolidated financials in EUR from the current year ending 31 March 2019. The board continues to expect good progress in 2018/19.

Custodian REIT (CREI); disposal of property for £1.125m

Stock down 0.49% to 121.20p at 8:16

CREI has announced the disposal of its 20,424 sq.ft town centre retail unit in Dumfries for £1.125m that is in line with the 30 June 2018 valuation.

ReNeuron (RENE); preliminary FY results; revenue decline while net loss widens

RENE announced preliminary FY 2018 results, whereby it estimates a loss of £17.6m (2017: loss of £15.6m) for the year. Revenue was lower at £43k (2017: £46k).