StatPro Group (SOG); posts year end trading update
StatPro reports a significant increase in its adjusted EBITDA margin for 2018
StatPro Group announced in its trading update for the year ended 31 December 2018 that Group revenue is expected at approximately £54.7m, up 11% from £49.3m in 2017. Group adjusted EBITDA is expected to be approximately £9.0m, up 32% from £6.8m in 2017. Adjusted EBITDA margin is expected to be over 16% (2017: 13.9%). The Group’s annualised recurring revenue (ARR) grew by 4% to £55.7m.
Read more...Pet at Home: posts strong Christmas quarter with good momentum
Management reiterates guidance for full year underlying PBT of £80-85m and free cash flow of at least £55m
Although a pet isn’t just for Christmas, Pets at Home, which flagged £40m of provisions on its vets practice business at interim results in November, had a strong Christmas quarter. There was continued good momentum in its retail business for the three months to 3 January, with like-for-like sales up 4.7%, consistent with the first half and supported by recent investment in the online proposition.
Read more...Non-Standard Finance (NSF); 2018 year-end results expected to be in line with market consensus
Year-end cash balance stands at £13.9m vs. £11.0m for 2017
Non-Standard Finance revealed strong loan growth across all segments in their year-end results, with everyday loans, guarantor loans and home credit growing 24.8%, 61.7% and 2.1% respectively.
Read more...Custodian REIT (CREI); increases total funds under RCF to £45m
The RCF is secured by a first charge over a distinct portfolio of properties
Custodian REIT and Lloyds Bank have agreed to increase total funds available under a revolving credit facility (RCF) to £45m from £35m until 30 June 2019. This provides additional capacity to Custodian REIT’s property acquisitions.
Read more...The Mission Marketing Group (TMMG); FY18 results likely to be in line with market expectations
Headline PBT is expected 20% over the previous year
The Mission Marketing Group announced in its trading update for the year ended 31 December 2018 that revenue is likely to be 10% over last year’s figure. Reflecting core growth of about 5% and the first contribution from Krow Communications (acquired in 2018).
Read more...easyHotel (EZH); first quarter results are strongly ahead
Like-for-like revpar in owned hotels was up 11.2%
While easyHotel’s first quarter results are strongly ahead, with system sales up 31% and revenue up 60%, the AGM statement today reveals margin threats on two fronts. Firstly, in order to prioritise revenue growth, the company is stepping up the use of online travel agents (OTAs).
Read more...PJSC TransContainer (TRCN); reports strong growth in Q4/18
Growth was led by strong performance in the Russian container transport market
TransContainer reported positive preliminary operating results for Q4/18 and for the full year. Operating results largely driven by a growing Russian container transportation market, reflecting strong international freight flow dynamics and a positive macroeconomic environment.
Read more...Avacta Group (AVCT); posts business update for H1/19
The company made good progress, with multiple large pharma customers placing orders for Affimer reagents
Avacta Group noted that revenue, operating losses and cash balances for the half year ended 31 January 2019 are in line with market expectations. The company also signed a development partnership and license agreement worth $300m with LG Chem Life Sciences.
Read more...Lighthouse Group (LGT); no financial support to be provided to CPT for Master Trust authorisation
The proposed transfer is expected to be broadly cost neutral for the group in 2019
The Pensions Regulator (TPR) introduced a new regime for Master Trust, which will substantially increase annual running costs as well as the cost of maintaining capital requirements for any future wind-ups.
Read more...Regional REIT (RGL); announces a series of letting agreements and capital recycling led activity
Regional REIT has declared several letting agreements and reveals growing demand for quality space in the regional markets
The company, Regional REIT, has announced the Ministry of Defence have taken 32,000 square feet of space at 800 Aztec West, Bristol, on a 10-year lease, resulting in the occupancy percentage increasing to 87%.
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