Edison Investment Research

UK Commercial Property REIT (UKCM); acquires office property in Reading, UK for £51m

Stock flat at 89.0p at 8:10

UKCM acquired an office property in Reading, UK, for £51m, in partnership with a client of CBRE Global Investors. The company also sold a five-storey office property in Bristol for net price of £26.6m.

Grocery price reductions have squeezed Sainsbury’s like-for-like sales growth to token levels.

Grocery price reductions have squeezed Sainsbury’s like-for-like sales growth to token levels. However, this masks a notable shift in the shape of performance, with Grocery like-for-like growth slipping from 2.1% growth in Q4 to 0.5% in Q1, while General Merchandise moves from a 1.2% decline to 1.7% growth.

OnTheMarket (OTMP); UK property listings in its portal cross 550,000

Stock up 1.58% to 160.5p at 8:03

OTMP has signed listing agreements with UK residential estate and letting agents with more than 9,500 offices. Property listings in its website continued its momentum, which now has over 50% of the total market with 550,000 listings.

eServGlobal (ESG); secures three-year contract for its PayMobile platform

ESG has secured a new three-year contract worth US$1.25m with an existing customer for its flagship PayMobile platform.

appScatter Group (APPS); acquires Priori Data for £13.5m

Stock flat at 55.0p at 8:13

APPS has acquired Priori Data for a total consideration of £13.5m, with £1.8m in cash and £11.7m by the issue of 16,667,157 new ordinary shares in the company (Consideration Shares) at an effective issue price of 70p per ordinary share (Ordinary Shares).

Entertainment One (ETO); purchases the remaining stake in Sierra Pictures

Stock up 0.50% to 358.2p at 8:08

ETO, further to its initial investment in 2015, purchased the remaining stake as well in Sierra Pictures resulting in full ownership.

Marshall Motor (MMH); robust H1 performance; FY outlook at upper end of expectations

Stock up 0.90% to 168.00p at 8:07

MMH noted in its H1 pre-close, ahead of results on 14 August 2018, that the group delivered positive performance despite a challenging UK new vehicle market. It expects underlying profit before tax to be higher, even against a record performance reported in H1-17.

Cohort (CHRT);FY results; performance in line with company expectation; operating profit up 8%

Stock down 1.64% to 359.00p at 8:09

For the year ended 30 April 2018, CHRT’s revenue declined 1% y/y to £111.8m, while adjusted operating income grew 8% y/y to £15.6m. Order intake was lower at £76.6m (FY17 - £108.6m) primarily due to delays.

Caledonia Mining Corporation (CMCL); announces quarterly dividend of 6.875 cents per share

CMCL has declared a quarterly dividend of six and seven eighths United States cents (US$0.06875) on each of the company’s common shares with dividend cheque mailing date of 27 July 2018.

Solid State (SOLI); FY results: strong organic revenue growth and strategic re-organisation

For the year ending 31 March 2018, Revenue from continuing operations grew 16% YoY to £46.3m (2017: £40.0m) and Profit attributable to equity shareholders rose 21% to £2.24m (2017: £1.85m). Diluted EPS from profit attributable to shareholders grew 20% to 26.0p per share (2017: 21.6p).