Andrew Hore – Quoted Micro 5 November 2018
NEX EXCHANGE Brewer Shepherd Neame (SHEP) has secured long-term facilities of £50m, which expires in 2023, and a £35m private placement of loan notes with BAE Systems Pensions Fund which lasts for 20 years. These replace existing loans. A revaluation of pub assets has delivered a £24m gain on book value. Mechanical and electrical […]
Andrew Hore: Quoted Micro 29 October 2018
NEX EXCHANGE Auxico Resources Canada Inc (AUAG) has added a NEX quotation to its year-old Canadian Stock Exchange listing. Auxico has mineral properties in Colombia and Mexico. There is already a UK investor base. Chapel Down Group (CDGP) had a bumper 2018 harvest that was 125% ahead of the previous best, thanks to the hot […]
Andrew Hore – Quoted Micro 8 October 2018
NEX EXCHANGE National Milk Records (NMR) is recommending a dividend of 2.5p a share after it moved from an operating loss of £11.9m to an operating profit of £1.9m in the 12 months to June 2018. If one-offs are stripped out, then the operating profit has improved from £1.1m to £1.9m. Net debt is […]
Andrew Hore Quoted Micro 1 October 2018
NEX EXCHANGE Brewer Shepherd Neame (SHEP) managed to edge up its profit despite flat turnover of £156.6m in the year to June 2018. Underlying pre-tax profit was 5% ahead at £11.8m. The total dividend is 3% higher at 29.2p a share. Growth came from the managed pubs but there was a decline in the […]
Andrew Hore – Quoted Micro 5 February 2018
NEX EXCHANGE Health and community care property developer Ashley House (ASH) reported a decline in interim revenues from £10.7m to £7m and the company fell into loss. A second half recovery should mean that full year revenues will be flat at £18.7m but there will be a full year profit of £1.8m. The new […]
Andrew Hore – Quoted Micro 11 December 2017
NEX EXCHANGE First Sentinel (FSEN) has bought a 80% stake in Perennial Enterprises in Australia in an all share deal. Perennial is a profitable debtor finance business and it is purchasing A$5m of invoices each month. Shane Perry of Perennial will join the First Sentinel board. Primorus Investments (PRIM) has sold its investment in Gold […]
Quoted Micro 2 October 2017
NEX EXCHANGE Newbury Racecourse (NYR) reported a slightly lower interim operating loss of £268,000 on revenues 10% higher at £7.04m. More racedays helped the racing operations but there were fewer other events which offset that. The nursery business made a much better contribution. Investment in the racecourse continues and income from residential property development of […]
Quoted Micro 23 January 2017
NEX / ISDX Clinical decision support systems supplier DXS International (DXSP) increased its interim revenues by 17% to £1.78m and it has moved into profit. DXS has moved from a loss of £39,000 to a pre-tax profit of £64,000. DXS has won the tender for London Partnership Procurement, which has 100 members and is […]
Quoted Micro 10 October 2016
ISDX Ace Liberty & Stone (ALSP) has acquired 1-5 Upper Market Square in Hanley for £9m. The tenants are Boots and National Westminster Bank. Prior to this deal, property holdings has grown 23% to £29.5m at the end of April 2016, while the NAV is £17.9m. The sale of Hume House for £3.55m – more […]
Quoted Micro 8 February 2016
ISDX Ace Liberty & Stone (ALSP) has launched an open offer at a large discount to the market price. Ace wants to raise up to £3.5m via a one-for-two open offer at 1p a share. The open offer is not underwritten and the minimum subscription level for it to go ahead is £2m before expenses. […]