Standard LifeInvProp (SLI); completes sale of a multi let office
Stock trading flat at 92.2p at 8:10am
Standard Life Investments Property Income Trust (SLIPIT) has completed the sale of a multi let office for £13.25m
Read more...Standard Life Investments Property Income Trust (SLI); NAV total return of 14.5% ahead of benchmark
Stock flat at 90.9p at 8:17
NAV total return for the year was ahead of the benchmark total return of the FTSE All-Share REIT index of 12.2%; gearing continued to trend down with an LTV of 18% at year-end compared to 26% as of 31 December 2016.
Read more...appScatter Group (APPS); proposes acquisition of Priori Data, announces fundraise; trading in line
Stock down 7.98% to 75.0p at 08:15
APPS intends to acquire Priori for a total consideration of £13.5m. Of this, £9.45m will be paid in cash and £4.05m by the issue of 5,785,715 new ordinary shares at 70p per share. The acquisition will be funded by an associated fund raising of £15m. Trading is in line with management expectations.
Read more...Treatt (TET); trading update: revenues for H1 2018 rose 11%; reiterates FY 2018 expectations
Stock up 1.53% to 412.22p at 8.01am
TET expects significant positive impact from changes in US tax legislation and a small negative impact from FX changes
Read more...Trifast (TRI); acquires Precision Technology Supplies (PTS), a specialist SS fastener supplier
TRI acquired PTS for an initial cash consideration of £8.5m, subject to net cash adjustment on completion. A contingent cash consideration of up to £2.5m would be paid after 12 months if PTS achieves significant earn out targets.
Read more...KEFI Minerals (KEFI); operational update:good progress on Ethiopian and Saudi Arabian projects
Stock flat at 2.88p at 8.19
The company expects a payback of approximately three years on the base case ($1,300/oz), an EBITDA of $77m pa and a post-debt NPV of $109m at construction start and $179m at production start. The projected production costs are $712/oz, all-in sustaining costs $803/oz, and total costs including depreciation and amortisation $984/oz. The company expects NPV to increase 51%, assuming a 10% increase in gold prices from the base case of $1,300/oz.
Read more...Walker Greenbank (WGB); full year results: strong profit growth but cautious on outlook
Stock down 5.24% to 126.5p at 8.03am
WGB’s sales grew 17.7% YoY to £108.8m, and adjusted EPS increased 6.2% to 14.52p for the year ended 31 January 2018
Read more...ANGLE (AGL); enrols first patient in ANG-002 FDA clinical study for metastatic breast cancer
Stock up 6.38% to 50.0p at 8.06am
The clinical study will support FDA clearance of the Parsortix system
Read more...The Rank Group (RNK); trading statement: overall revenue dropped 2%
Stock down 14.38% to 182.8p at 08:07
Across divisions, Mecca venues’ revenue fell 2%, Grosvenor venues’ revenue dropped 9% and UK digital’s revenue grew 17%.
Read more...Entertainment One (ETO); trading update - momentum remains strong across key brands
Stock down 0.56% at 283.4p at 8.09
Strong underlying EBITDA in Family and Television, integration progress steady for Film and Television divisions. Year-end adjusted net debt expected to be under 2.0x underlying EBITDA.
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