Andrew Hore – Quoted Micro 4 December 2017

NEX EXCHANGE VI Mining is planning to join NEX this month. The Peru-focused miner is acquiring two gold mining assets in tandem with the flotation. VI will raise up to £10m in cash at 500p a share and issue a further £10m worth of shares as part of the initial payment, along with some of […]

Walker Greenbank Hikes Interim Dividend by 25.5%

Walker Greenbank WGB benefited from three factors which helped sales to increase by 29% in the half year to the 31st July, enabling the interim dividend to be increased by 25.5%. The first was a strong contribution from Clarke & Clarke, acquired in October 2016 and which produced sales of £10.3m out of a total […]

McCarthy & Stone – Divi Raised 80% As Profits Slump

McCarthy & Stone MCS blames the referendum for its poor performance in the 6 month to 28th February but doesn’t even attempt to explain why it  should have been so badly affected.  On the face of it, the ludicrous explanation makes it look as if management is scrabbling round trying to find excuses for its […]

Metro Bank – Providing A Service, Does Pay

Metro Bank MTRO Cheeky little Metro Bank is giving the big bad banks a lesson in growth and has now moved into profit for each quarter of the second half. Profit before tax in quarter 3 was a tiny £0.6m, increasing to £1.5m in quarter 4. Losses for the full year shrank from £46.4m in […]

Quoted Micro 5 December 2016

ISDX Kent-based brewer Shepherd Neame (SHEP) has acquired Village Green Restaurants, the operator of five freehold pub restaurants in the Maidstone and Ashford area, for £11.85m. The business made an operating profit of £900,000 on revenues of £6.6m in the year to October 2016. The cash for the acquisition has come from an extended credit […]

Tesco Blows A Trumpet or Two

Tesco TSCO blows a fanfare of trumpets over today’s interim results and when one considers that over the past two years prices have fallen by over 6%, it is perhaps right to do so. It claims significant progress in the first half with positive like for like sales and volume growth in all regions. UK […]

Last Gasp For Herencia ?

Herencia HER has raised a further $150,000 as part of its struggle to keep going pending the hoped for sale of its 70% interest in Paguanta. The new funding is to be paid in two tranches but if the second one is not forthcoming, then Herencia will have to cease trading on the 16th June. […]

Taxpayer Subsidy Keeps Barratt Shareholders Happy

Barratt Developments (BDEV) admits, that like all the house builders, one of the two main factors keeping its shareholders happy, is the government subsidy to first time buyers. But elections have to be won one way or another, so the government is hardly likely to try and restore a bit of sense to the market, […]