Edison Investment Research

Brady plc (BRY): 2017 preliminary full year results

Stock down 0.4% at 57p as at 08:12

Pro-forma revenues decreased 9.6% YoY and the operating loss deepened to £3.96m in 2017 but Brady expect to resume progress in both sales and profitability through 2018, with the sale of the recycling business signalling the end of exceptional restructuring costs and the transition to a recurring revenue model.

Hutchison China Meditech (HCM): 2017 final results

Stock up 3.7% (5,280p) at 08:02

Revenues up 12% though HCM provides guidance of lower 2018 revenues and a 2018 loss of greater magnitude than in 2017.

Raven Russia Ltd (RUS): 2017 final results

Stock up 7.1% (46.17p) at 08:02

Net operating income increased 10% YoY to $166.7m and underlying earnings per share grew 19% to 8.56c. Core business of logistics warehousing has performed well but as yields have come down by 0.75% across the portfolio, Raven is broadening focus into other sectors in search for yield.

WANdisco Plc (WAND): Co-sell status with Microsoft

Stock up 0.8% (770p) at 08:02

Co-sell status significantly expands sales channel opportunities.

Renewi PLC (RWI): Update on UK municipal division

Stock down 6.9% (83.2p) as at 08:15

Renewi decides to de-risk the UK municipal portfolio, exiting loss making PFI projects at Dumfries & Galloway and Westcott Park. Outlook for the year ending 31 March 2018 remains unchanged with regard to underlying profit and cash performance. Based on current market conditions no further exceptional charges are anticipated in respect of UK municipal assets.

Stobart Group Ltd (STOB): Trading Update

Stock up 3.6% (237p) at 08:15 compared to yesterday's open

Stobart Group‘s strategy is to use disposals from its Infrastructure and Investment divisions to support the dividend to 2022, at which point the dividend will be supported through income from its growing operating divisions; Aviation, Energy and Rail. Quarterly dividend maintained at 4.5p per share.

Focusrite PLC (TUNE): H1 2018 trading update

Stock up 3.4% (367p) at 08:15

H1 2018 revenues grow 25% versus same period last year, spread across a wide range of products and regions, and cash conversion remains positive. CEO cautions on headwinds in US music industry but remains confident on group outlook.

Exploration Watch - Trinidad: New energy to a low cost, low risk region

Trinidad is a well-established oil and gas producing region, with continuous production since the first field came onstream in 1902. The hydrocarbon sector has been predominantly producing gas since the 1990s and offshore gas development is dominated by the majors: BP, Shell, BHP and EOG resources. This has created an opportunity for independent companies to operate in the onshore oil fields located in the south of the island. Columbus Energy Resources (CERP), Range Resources, Touchstone Exploration and Trinity Exploration and Production all operate producing onshore oil fields, while Trinity also operates offshore in the Columbus Basin. Recent management changes or new funding at these companies has resulted in a boost to activity across assets that offer low cost, low risk development, although there are challenges in producing from older well stock in geologically complex structures.

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Share PLC (SHRE): 2017 preliminary results

Stock up 8.3% (27.5p) at 08:14

SHRE grows revenues, AuM and market share, outperforming peers in trading volumes and commissions. Dividend increased to 0.4p from 0.25p. The new financial year has started well and SHRE expects to see the benefits of growth initiatives and rising interest rates come through in 2018.

John Laing Group (JLG): 2017 full year results & 1 for 3 fully underwritten rights issue

Stock down 5.7% (258.64p) at 08:14

Profit before tax fell 34.4% to £126m but the total 2017 dividend of 10.61p was 30.2% higher YoY. JLG sees potential in North American markets and guidance for investment commitments in 2018 is approximately £250 million. Rights issue proceeds are intended for these commitments.