Edison Investment Research

Ocean Wilsons (OCN); Q1 results: EBITDA up 16.5%, helped by lower costs and favourable forex

OCN’s group revenue increased $1.5m to $119.3m for the first quarter ended 31 March 2018. EBITDA for the quarter increased 16.5% to $41.4m, helped by lower costs and a higher average USD/BRL exchange rate.

Augean (AUG); opens consultation on potential closure of Colt business

Stock down 1.45% to 32.52p at 8:06

AUG has initiated a 30-day consultation on potential closure of the Colt business, involving reallocation and/or of offices and other assets. The move is likely to impact up to 60 staff of Colt.

Diurnal Group (DNL); launch of Alkindi® for treatment of paediatric adrenal insufficiency

DNL announced the launch of Alkindi® in Germany as replacement therapy of adrenal insufficiency (AI) in infants, children and adolescents. This is the first Diurnal product to be commercialised.

appScatter Group (APPS); launches new security scanning service to help with GDPR compliance

Stock up 3.10% to 67.00p at 8:12:38

APPS has launched a new security scanning service to be used in conjunction with their appScatter platform to identify potential vulnerability in app portfolios and ensure GDPR compliance in customer apps.

Lookers (LOOK); Q1 trading update: o/p in new car market and higher turnover in used and aftersales

Stock up 4.6% to 103.8p at 8:11

LOOK announced positive trading performance for the first quarter ended 31 March 2018 with outperformance in the new car segment relative to the total market. The used car and aftersales segments saw higher turnover and better profitability during the period.

Gear4music (G4M); FY 2018 prelims: strong revenue growth across the business; outlook positive

Stock down 0.41% to 723.0p at 08:06

Overall revenue grew 43%, with UK revenue up 27% and International revenue up 69%. The gross margin was 25.4%, down 160bps due to planned investment activities. Diluted EPS was 6.7p. G4M is confident of delivering revenue and profit growth in FY 2019.

Lakehouse (LAKE); wins £55m, 3-year home improvement contract from Welsh Government

Stock up 12.91% to 44.60p at 8:03

LAKE has announced the winning of the Arbed 3, a scheme of the Welsh Government Warm Homes programme involving improvements to around 6,000 homes in Wales.

APQ Global (APQ); establishes Partner Companies Network

Stock flat at 93.5p at 8:06

APQ established an emerging markets Partner Companies Network to take advantage of SME growth opportunities. DW Agriculture and Alluvial will be the inaugural two members of the network. However, APQ will have the right of first refusal to participate in any of their future capital raises.

StatPro Group (SOG); signs cloud conversion and contract extension

Stock up by 0.84% at 179.75p at 8.01

SOG’s contract is worth at least $500,000 per annum and will cater to the fund administrator, which has over $1.5tn funds under administration.

Princess Private Equity (PEY); achieves NAV total return +1.8% for Q1 2018

Stock flat at 10.25p at 8:14

NAV per share on 31 March 2018 increased to €10.93 compared to €10.73 on 31 December 2017. Total returns for PEY’s shares were 11.3% for the past one year, which exceeded MSCI World’s 1.3% return. Net assets stood at €755.7m compared to €742.0m on 31 December 2017