Quoted Micro 24 January 2022
AQUIS STOCK EXCHANGE Good Energy (GOOD) has agreed the sale of its generating assets ahead of the 11 February general meeting called by Ecotricity where it wanted shareholders to vote on any disposal. The initial payment by Bluefield Solar Income Fund is £16.4m, less a distribution of £700,000 since the lockbox date. Deferred consideration of […]
Quoted Micro 4 October 2021
AQUIS STOCK EXCHANGE Wine maker Chapel Down Group (CDGP) increased interim revenues by 35% to £8.11m, which included £287,000 from the brewing business, which has been sold. Chapel Down moved from loss to profit in the first half. Underlying pre-tax profit was £459,000, helped by £73,000 of government grant income. Wine volumes increased by 66%. […]
Andrew Hore – Quoted Micro 23 August 2021
AQUIS STOCK EXCHANGE Adnams (ADB) says that trading has improved since 17 May with strong demand for hotel accommodation. Interim revenues were flat at £20.5m, while the loss dipped from £3.87m to £3.34m. Net bank debt was £13.4m at the end of June 2021. GP software provider DXS International (DXSP) increased its full year revenues […]
Andrew Hore – Quoted Micro 24 May 2021
AQUIS STOCK EXCHANGE British Virgin Islands-based Boanerges (BNRG) is a SPAC seeking to acquire technology companies involved in big data, machine learning, telematics and internet of things. Boanerges floated on 17 May 2021 when it raised £500,000 at 20p a share. In April, an initial £51,500 was raised at 0.1p a share and a further […]
Andrew Hore – Quoted Micro 26 April 2021
AQUIS STOCK EXCHANGE Shepherd Neame (SHEP) in common with other brewers and pub companies has been hard hit by the closure of pubs. Monthly cash burn during pub closures is £1.5m-£2m. Unsurprisingly, interim revenues slumped from £79m to £55.3m, while an underlying pre-tax profit of £4.88m was turned into an underlying loss of £4.81m. Bottled […]
Andrew Hore – Quoted Micro 17 August 2020
AQUIS STOCK EXCHANGE Brewer Adnams (ADB) reported a slump in revenues from £34.7m to £21m in the six months to June 2020 and there was a loss. That is no surprise given the problems of the hospitality sector. Online sales grew but could not offset the loss of on-trade sales. Net debt was £14m at […]
Andrew Hore – Quoted Micro 8 June 2020
AQUIS STOCK EXCHANGE Sativa Group (SATI) has agreed a merger with Stillcana Inc. The share swap is 0.33507 of a Stillcanna share for every Sativa share. That values the cannabis products company at £10.7m and its shareholders will own 65% of the enlarged group. Trading in Sativa shares restarted on 4 June. Engineering businesses consolidator […]
Andrew Hore – Quoted Micro 13 April 2020
AQUIS STOCK EXCHANGE Suffolk-based brewer Adnams (ADB) returned to profit in 2019. Revenues fell from £78.9m to £74.7m, while a loss of £877,000 was turned into a pre-tax profit of £39,000. Stripping out one-off costs, there was an underlying decline in profit. Investment in the brewery and a new IT system have led to some […]
Andrew Hore – Quoted Micro 6 January 2020
NEX EXCHANGE Cannabis-related investment company Greencare Capital (GRE) joined the NEX Growth Market last Monday. Greencare raised £514,000 at 25p a share. The rest of the shares were issued at 1p each, raising £100,000. The pro forma NAV is just over 4p a share. The largest shareholder is E Value One with 66.3%, which is […]
Andrew Hore – Quoted Micro 23 December 2019
NEX EXCHANGE Trading in the shares of Barkby Group (BARK) following the publication of the prospectus for the reverse takeover of the Dickson group companies and move to AIM. There will also be a share consolidation of 193 shares into 74 new shares. Barkby is paying £30.6m, predominantly in shares with £750,000 in cash, and […]