Andrew Hore Quoted Micro 19 August 2019
NEX EXCHANGE Brewer Adnams (ADB) reported a decline in first half revenues from £35.5m to £34.7m, while the loss increased from £840,000 to £1.15m. Beer volumes were 2% ahead, compared with a 1% decline in the market. Low alcohol beer sales grew. Gin sales fell because of greater competition. A fire at the Ship at […]
Andrew Hore Quoted Micro 29 July 2019
NEX EXCHANGE Inqo Investments Ltd (INQO) is investing in the South Lake Medical centre in Kenya. Other investors include Johnson and Johnson’s social impact fund. The total investment is $950,000, but Inqo’s contribution is not quantified. The medical centre was previously owned by a flower growing business and it caters for its workers. Clean Invest […]
Andrew Hore Quoted Micro 22 July 2019
NEX EXCHANGE Arbuthnot Banking (ARBB) improved its underlying pre-tax profit from £2.7m to £3.4m in the first half of 2019. The interim dividend has been raised from 15p a share to 16p a share. The recent residential mortgage portfolio acquisition was after the end of June. The strategy is to diversify the business and asset-based […]
Andrew Hore – Quoted Micro 8 July 2019
NEX EXCHANGE AIM-quoted Aquis Exchange (AQX) is acquiring NEX Exchange from CME Group Inc, which bought it as part of its £3.9bn takeover of NEX Group. Aquis will pay £1, plus £2.7m for working capital requirements. The deal requires FCA approval so it is unlikely to complete before the autumn. Arbuthnot Banking Group (ARBB) is […]
Andrew Hore Quoted Micro 17 June 2019
NEX EXCHANGE Renewable energy supplier Good Energy (GOOD) says that holding back on operating expenditure has offset the downturn in demand due to warmer weather. Profit will be weighted to the first half. Good is investing in electric vehicle platform Zap-Map. Brewer Daniel Thwaites (THW) reported a more than halved pre-tax profit from £9.8m to […]
Cadence Minerals #KDNC – Successful Placing to Raise £1.3 million
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that it has raised £1.3 million through a placing (“Placing”) of 866,666,663 new ordinary shares (“Placing Shares”) in the capital of the Company with new and existing investors. The Placing is being made at an issue price of 0.15 pence per share (“Placing Price”), representing […]
Andrew Hore – Quoted Micro 25 March 2019
NEX EXCHANGE Good Energy (GOOD) increased full year revenues from continuing operations from £104.5m to £116.9m, helped by last winter’s cold weather and a price increase, and pre-tax profit recovered from £700,000 to £1.7m. The renewable electricity supplier and generator has increased its dividend from 3.3p a share to 3.5p a share. Net debt was […]
Andrew Hore – Quoted Micro 18 March 2019
NEX EXCHANGE Peel Hunt forecasts a dip in Shepherd Neame (SHEP) pre-tax profit from £11.8m to £11.2m in the year to June 2019. The broker still expects the total dividend to be increased from 29.2p a share to 30p a share. Etaireia Investments (ETIP) has suspended Ian Fellman as a non-executive director pending investigation into […]
Andrew Hore Quoted Micro 25 February 2019
NEX EXCHANGE Western Selection (WESP) has reported a 22% decrease in NAV to 75p a share, due to the decline in smaller quoted company share prices. The NAV has recovered to 79p a share. The investment in Swallowfield (SWL) declined by nearly one-third and the value of the Bilby (BILB) stake fell by two-fifths in […]
Andrew Hore – Quoted Micro 18 February 2019
NEX EXCHANGE National Milk Records (NMRP) increased its interim revenues from £10.5m to £11.7m, although some of this was due to seasonal factors and one-off testing business. Pre-tax profit improved from £0.96m to £1.13m. Net debt was £2.06m at the end of December 2018. Every part of the business grew its revenues. Milk volumes are […]