Edison Investment Research

NetScientific (NSCI); announces significant reductions in re-admissions of high-risk CHF patients

Stock up 12.64% to 49p at 8:10

NSIC’S subsidiary Wanda and its partner Health Resource Solutions (HRS) have achieved a reduction of 46% in the hospital re-admission rate of high-risk Congestive Heart Failure (CHF) patients in their study involving a patient population of 576.

Powerhouse Energy (PHE); issue of 17,894,737 ordinary shares

Stock flat at 0.50p at 8:05

PHE will issue 17,894,737 ordinary shares of 0.5p each to service providers for the settlement of fees.

TBC Bank Group (TBCG); strong results across segments, net profit at GEL 97.5m

Stock down 0.56% to 1,764.00p at 8:24

TBCG released their 1Q 2018 results reporting a small increase in NIM 6.9% vs 6.6% in Q1 2017 and a 17.3% YoY increase in operating income (GEL 238.7m). Total assets were up by 19.7% YoY and loans and advances by 18.4% YoY. ROE and ROA for the period were 21.0% and 3.2% respectively.

Future (FUTR); US audience monetisation and acquisitions drive strong 1H performance

Stock up 5.65% to 486p at 8:15

FUTR’s revenue for the six months ended 31 March 2018 grew 25% to £51.1m from £40.9m in 1H 2017. Adjusted EPS increased from 9.3p to 13.5p (+45% YoY).

Euromoney Institutional Investor (ERM); H1 2018 interims: total revenue up 3% YoY to £209.6m

Stock down 0.93% to 1,276.0p at 08:07

For the half-year ended 31 March 2018, underlying revenue increased 4% YoY to £189.1m. Adjusted operating profit increased 9% to £53.5m. Adjusted PBT grew 6% to £52.0m. Adjusted diluted EPS increased 17% to 38.4p. Interim dividend increased 16% to 10.2p.

GVC Holdings (GVC); Triennial review: UK govt cuts stakes on B2 content to a max of £2 per spin

Stock down 4.42% to 875.0p at 08:10

The UK government today published its final decision to cut stakes on B2 content to a maximum of £2 per spin. GVC is disappointed with the outcome but does not intend to seek a Judicial Review of the decision.

Lakehouse (LAKE); acquires Just Energy Solutions

LAKE has announced the acquisition of the entire share capital of Just Energy Solutions (JES), a private sector heating and renewables specialist. JES, with a staff strength of 50, provides services for large energy companies, retailers and private households.

Henderson Alternative Strategies Trust (HAST); 1H18 results: NAV total return of -0.5%

Stock flat at 280.0p at 8:05

NAV total return was 0.5% for the six months ended 31 March 2018, compared with an increase of 0.3% in the benchmark FTSE World Total Return Index. Peter Webster will join as co-fund manager replacing Ian Barrass. The current reporting period has been extended to an 18-month period ending 31 March 2019.

Low & Bonar (LWB); secures debt refinancing

LWB has secured a new 5-year, €165m revolving credit facility with a syndicate of 5 banks to refinance its existing €165m facility which was due to mature in July 2019.

Regional REIT (RGL); continued momentum in Q1 2018; div. 1.85pps; FY trading expected to be in line

Stock down 0.45% to 99.95p at 8:04

RGL managed to maintain good pace of lettings in Q1, continues to benefit from strong performance in industrial and office markets and expects FY trading performance to be in line with its expectations.