Edison Investment Research

GCP Student Living (DIGS); announces fourth interim dividend of 1.56p per ordinary share

GCP’s dividend will be paid on 9 September 2019 to ordinary shareholders on the register at 9 August 2019

GCP’s dividend will be paid on 9 September 2019 to ordinary shareholders on the register at 9 August 2019. Total dividends of 6.15p per ordinary share have been paid or declared for the year ended 30 June 2019.

Target Healthcare REIT (THRL); provides an update on corporate activity during Q4 2019

Target Healthcare continued portfolio growth and income diversification through the acquisitions of two operationally mature homes and the construction completion of two development sites

Target Healthcare REIT declared its fourth interim dividend of 1.64475p per share for the year ending 30 June 2019, an increase of 2.0% on the 2018 quarterly dividends.

Carclo (CAR); announces suspension of share listing

Carlo has requested the suspension of the listing of the company's ordinary shares with effect from 07:30am today, leading to delay in the publication of the 2019 financial results

Carlo has requested the suspension of the listing of the company’s ordinary shares with effect from 07:30am today, leading to delay in the publication of the 2019 financial results.

XP Power (XPP); revenue up 6% to £98.9m for H1 2019

XP Power announced its interim results for the period ended 30 June 2019, showing that order intake was down 1% to £100.6m

XP Power’s net debt stood at £50.4m for H1 2019, whilst cash generated from operations grew 59% to £25.2m due to the improved working capital management.

Mercia Asset Management (MERC); options granted for 3,794,000 new ordinary shares at 33.50p per shar

Options, representing 1.25% of Mercia’s existing ordinary share capital, have been issued to a number of employees of the company

Options, representing 1.25% of Mercia’s existing ordinary share capital, have been issued to a number of employees of the company. The options for new ordinary shares, with a nominal value of 0.001p each, will be vested in three equal tranches on the third, fourth and fifth anniversary of the date of grant of the options, subject to performance conditions.

Palace Capital (PCA); completes a 15-year lease with Gravity Fitness

Palace Capital has completed a 15-year lease of 23,500 sq ft with Gravity Fitness (Northampton) at its Sol Northampton leisure scheme, the latest letting represents 53% of the total vacant space

Palace Capital’s lease agreed with Gravity Fitness is at an initial rent of £141,000 p.a., with a minimum increase every five years based on the changes to RPI, plus a percentage of turnover once it reaches £1.0m p.a.

Metals Exploration (MTL); lenders agree to extend standstill agreement

Metals Exploration announced that its senior lenders, HSBC and BNP Paribas, and major shareholders, MTL Luxembourg SARL and Runruno Holdings Ltd, have agreed to renew the standstill agreement until further notice

Metals Exploration announced that its senior lenders, HSBC and BNP Paribas, and major shareholders, MTL Luxembourg SARL and Runruno Holdings Ltd, have agreed to renew the standstill agreement until further notice. Metal Exploration’s negotiations with the holders of mezzanine debt facilities were interrupted on 31 July 2019 due to a Typhoon 8 warning signal.

NWF Group (NWF); report FY results

NWF, a specialist distributor of fuel, food and feed across the UK, yesterday announced its full year results for the year ended May 2019. Headline profit before taxation declined by 5% compared with the previous year, which was a record high, to £9.7m, outperforming initial market expectations. Headline operating profit in the Fuels division was adversely impacted (down £1.3m) by subdued demand for heating oil over the unusually hot, dry summer and a mild Winter and early Spring in sharp contrast to the chilly “Beast from the East” experienced the previous year.

Tetragon Financial Group (TFG); declares dividend of $0.1850 per share

Tetragon declared a dividend of $0.1850 per share for the second quarter of 2019. The record date for the dividend is 2 August 2019. The dividend will be paid on 27 August 2019.

Smith & Nephew (SN.); reported revenue increases of 3.1%

Smith & Nephew’s underlying revenue grew 3.5% in the quarter ending 29 June 2019, with emerging markets recording strong mid-teen growth. During the first half of FY 2019, the business’ trading profit margin improved 60bps to 21.4%, while the operating profit margin expanded 150bps to 16.8%. Cash generated from operations grew YoY to $543m from $418m over the same period.