Learning Technologies (LTG); results of equity placing: raises £85m of gross proceeds
Stock up 3.92% to 106.0p at 08:03
On 24 April 2018, LTG launched equity placing for funding the proposed acquisition of PeopleFluent. 86,734,694 new ordinary shares in the capital of the company of 0.375p each (placing shares) were placed at a price of 98.0p (placing price) per placing share, raising gross proceeds of approximately £85m.
Read more...Osirium Technologies (OSI); 2017 results: operating loss widens to £2.3m
Stock down 0.75% to 132.50p at 8:17
The total revenue for the year ended 31 December 2017 rose 63% YoY to £647,580, largely driven by the 123% YoY increase in total bookings to £876,323. The operating loss for the year widened to £2.3m, largely due to increased investments in R&D, sales and marketing.
Read more...Palace Capital (PCA); adj. PBT likely to be ahead of expectations
Stock up 2.30% to 337.60p at 8:00
After considering the recent letting at Milton Keynes, PCA currently has a contracted rent roll of £18.1m per annum. It has an effective net rental income of £16.88m per annum after a deduction of £1.22m per annum towards empty rates, service charge shortfalls and head rents.
Read more...Picton Property Income (PCTN); NAV per share rose 2.1% during three months ended 31 Mar 2018
Stock up 0.68% to 89.00p at 8:00
NAV per share rose 2.1%, dividend yield stood at 4.0% and net gearing ratio reduced to 26.7%.
Read more...QinetiQ Group (QQ.); agreement to acquire E.I.S. Aircraft Operations for €70m
Stock up 1.60% to 228.80p at 8:09
The acquisition consideration of €70m is on a cash-free, debt-free basis. E.I.S. Aircraft Operations (Aircraft Operations) generated €20.1m revenue and €5.4m EBITDA in the year ended 31 December 2017. The acquisition is expected to be earnings enhancing in the current financial year.
Read more...Tetragon Financial Group Ltd (TFG); announces to introduce an additional market quote in Sterling
Stock up 0.19% to USD12.90 at 8:05
Tetragon announced its intention to introduce an additional market quote in Sterling for its non-voting shares traded on the London Stock Exchange. This is in addition to the company’s existing U.S. Dollar quotation in London and on Euronext in Amsterdam N.V
Read more...Focusrite (TUNE); interims: revenue grew across all divisions and geographies, gross margin improves
Stock up 6.0% to 434.5p at 8:01
The group’s revenue rose 21.2% YoY (26% on a constant currency basis) to £38.8m for the six months ended 28 February 2018. The gross margin also increased to 41.7% (H1 2017: 40.1%) due to a stronger euro and lower discounts to distributors and dealers.
Read more...London Stock Exch Group (LSE); trading update: revenues from continuing operations grew 11%
Stock up 0.83% to 4,250.00p at 8:00
LSE posted double-digit top-line growth in all the large segments during the three months ended 31 March 2018. Gross profit expanded 12% YoY to £464m from £410m.
Read more...Nanoco Group (NANO); expands Material Development and Supply Agreement with its US partner
Stock flat at 36.9p at 08:05
Further to the Material Development and Supply Agreement announced on 8 February 2018, NANO has signed a second agreement with its undisclosed US listed partner (the Partner). Under this agreement, NANO will develop next generation nano-materials for applications in future technologies, including advanced electronic devices
Read more...7digital Group (7DIG); announced contract wins in Q1 with a lifetime value of £2.3m
Stock up 5.56% to 4.28p at 8:01
Total licensing revenues for Q1 2018 rose to £3.6m compared with £1.6m in Q1 2017. Trading revenue in Q1 was in line with the company’s expectations. The turnover was slightly ahead of the budget.
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