Corporate news review Thursday 28th September 2017
Air Partner AIP reports gross profit up 12.2% at £18.1m, with underlying PBT up 34.4% at £4.1m. AIP says it enters the next six months with optimism that FY expectations will be met. Ascent Resources AST interims – recompletion and flow testing of well Pg-10. Construction of the new pipeline connection at MRS Lendava required […]
Quoted Micro 26 June 2017
NEX EXCHANGE Good Energy (GOOD) received applications for £16.7m of the corporate bonds on offer. The maximum application level was £20m. The energy supplier will issue the bonds on 30 June. At the company’s AGM, Martin Edwards was not re-elected as a non-executive director and four special resolutions, three relating to pre-emption rights and one […]
Quoted Micro 19 June 2017
NEX EXCHANGE Newbury Racecourse (NYR) says that raceday attendances are 29% so far this year and no meetings were lost to the weather. Conference and events revenues have been maintained despite the refurbishment of the racecourse. Occupancy levels are building up at on-site hotel The Lodge. The Rocking Horse nursery has increased revenues by 29%. […]
Quoted Micro 8 May 2017
NEX EXCHANGE Mechan Controls (MECP) is selling its main subsidiary to its technical director and intends to sell its other business and return cash to shareholders. The core business is being sold for up to £2m, with a minimum of £1.64m, including £1.24m initially, payable. The final £360,000 is dependent on the buyers selling the […]
Quoted Micro 24 April 2017
NEX EXCHANGE Chapel Down Group (CDGP) reported a one-quarter increase in group revenues to £10.2m in 2016, however, £3.44m of these revenues came from associate brewing company Curious Drinks, which is no longer consolidated following last year‘s fundraising. Chapel Down owns 49.79% of Curious Drinks voting shares but has a 90.2% economic share of the […]
Quoted Micro 28 November 2016
ISDX Property investment company Ace Liberty & Stone (ALSP) says that one of its shareholders, Daniel Waylett, agreed to acquire a subsidiary that owns Colebrook Court in 2016. There was no specific date given, although the property was bought for £1.5m in shares during April. The payment for the disposal was £1.553m. Ace has drawn […]
Quoted Micro 31 October 2016
ISDX Via Developments (VIA1) says the Canal Street project in Manchester should be completed next March, while another Manchester site is attempting to gain enhanced planning permission that would enable 71 apartments to be built. Via expects deposits of 15% of the purchase price of the eight flats in Canal Street before the end of […]
Quoted Micro 3 October 2016
ISDX Newbury Racecourse (NYR) reported flat interim revenues of £5.56m and a higher underlying loss because of the loss of three race days to bad weather. There was a cash outflow from operations of £1.51m. The sale of a final tranche of land to David Wilson Homes has generated a disposal profit of £20.1m but […]
Quoted Micro 8 August 2016
ISDX Chapel Down Group (CDGP) has exchanged contracts on the 1.6 acre site in Ashford that will be used for the proposed new Curious brewery. The deal will be completed when planning permission is obtained. Valiant Investors (VALP) has raised £71,000 at 0.1p a share in order for it to finance the development of 83.3%-owned […]
Quoted Micro 25 April 2016
ISDX Wine and beer maker Chapel Down (CDGP) reported a one-third increase in 2015 revenues but a smaller increase in profit. The investment in an additional 90 acres of vineyards should provide further impetus in the coming years. Wine sales were 27% higher last year. Revenues increased from £6.11m to £8.18m and underlying profit improved […]