Treatt (TET); half-year results: strong revenue growth, operating margin improves
Stock up 4.0% to 483.6p at 8:22
TET’s total revenue increased 14% (18% on a constant currency basis) to £53.6m for the half year ended 31 March 2018, driven by new business wins and growth with existing customers. Operating margin improved 38bps YoY to 11.3% on increased revenue and tight cost control measures.
Read more...Treatt (TET); conditional sale of Earthoil Plantations for a consideration of £11m
Stock up 4.0% to 483.6p at 8:22
TET announced the conditional sale of its wholly owned subsidiary, Earthoil Plantations, to Univar Ltd. for a consideration of £11m. The sale is expected to be slightly earnings dilutive for the current financial year ending 30 September 2018
Read more...KEFI Minerals (KEFI); formal mandate for the placement of $160m of listed infrastructure bonds
Stock down 3.77% to 2.55p at 8:20am
KEFI formally mandated its bond arranger for the placement of $160m of listed infrastructure bonds (the “bonds”).
Read more...4imprint Group (FOUR); revenue growth for YTD 2018 up 16% yoy-above expectations
Stock up 1.7% to 1,800.0p at 8:04
FOUR announced that trading performance for the first 4 months of 2018 was above the board’s expectations. Revenue increased 16% yoy, while order intake rose 15% yoy.
Read more...Nanoco Group (NANO); to receive major milestone payment from US Partner
Stock flat at 44.5p at 8:02
NANO announced it would receive a payment of £1.8m from its US partner following the recent completion of an important milestone in the Material Development and Supply Agreement.
Read more...eServGlobal (ESG); collaboration with Ooredoo Tunisia to continue
Stock down 1.53% to 9.65p at 8:02
ESG continues its collaboration with its existing customer, Ooredoo Tunisia, through a two-year contract. The contract covers platform upgrades and two years of support through to 2019.
Read more...Custodian REIT (CREI); disposal of property in Stourbridge for £2.25m
CERI announced the disposal of 5,229 sq. ft. five-unit retail development in Stourbridge for £2.25m, in line with the 31 March 2018 valuation.
Read more...Town Centre Securities (TOWN); acquires Ducie House for £9m
TOWN announced the acquisition of Ducie House, a 33,000 sq. ft. office building with a 63-space car park, in Piccadilly Basin, Manchester, for £9m
Read more...Numis Corporation (NUM); 1H revenue increased 41% led by capital broking and advisory business
Stock up 1.8% to 417.5p at 8:18
NUM’s revenue grew 41% to £74.1m for the six months ended 31 March 2018, led by the capital broking and advisory (CB&A) business’ strong performance. Its operating margin declined 26% vs. 26.7% for FY 2017.
Read more...Oxford Biomedica (OXB); proposes 1-for-50 share consolidation
Stock up 0.32% to 12.5p at 08.03
OXB has proposed a consolidation of every 50 existing ordinary shares of 1p each into one new consolidated ordinary share of 50p each. Following the consolidation, the company’s issued share capital is expected to comprise 65,686,137 shares of 50p each.
Read more...