Andrew Hore Quoted Micro 18 November 2019
NEX EXCHANGE Trading in the shares of Barkby Group (BARK) has been suspended ahead of further information about a proposed reverse takeover. The acquisition of a group of companies referred to as the Dickson controlled entities is expected to cost £30m, predominantly paid in shares. There will also be a share placing to provide working […]
Andrew Hore Quoted Micro 21 October 2019
NEX EXCHANGE Third quarter trading at Arbuthnot Banking (ARBB) shows a one-third increase in loans to £1.6bn, while deposits are 17% ahead at £2bn. Impairments are rising, though. The private bank is adding 40 new clients each month. Although Vox Markets has called off merger discussions with PCG Entertainment (PCGE) the latter’s shareholders will have […]
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 10 June 2019
NEX EXCHANGE Proton Partners International Ltd (PPI) has asked Woodford Investment Management to subscribe for £25m worth of shares at 176p a share. This is part of an agreement with Woodford that was outlined in the prospectus and it comes at a time when the fund manager is coming under pressure for poor performance and […]
Ian Pollard – Bonmarche #BON Rejects Takeover Bid – But Only Asks For Talks
Bonmarche Holdings BON which had seen trading become significantly weaker than expected sine the beginning of March, has rejected a takeover bid from Phillip Day’s Spectre Holdings, on the basis that it undervalues the business and its future prospects. These included a rise in the underlying loss for the year from a possible £4.0m. to […]
Ian Pollard: National Express (NEX) – Another Record Breaking Set Of Results
National Express NEX is delighted to have again delivered a record-breaking set of results. Group revenue rose by 5.6%, profit before tax by 10% and basic earnings per share by 13.1%. It is again proposed to increase the final dividend by 10 per cent.. Growth in the UK was very strong at 12.6% compared to […]
Ian Pollard Victoria Plc (VCP) Politely Invites Shareholders To Take A Walk
Victoria plc VCP decided to take advantage of difficult market conditions to pursue market share. The Board now recognises this impacted earnings this year and has unsettled some shareholders. It believes however that the strategy is in the best long-term interests of the Group and its shareholders and appears in effect to have told the […]
Andrew Hore – Quoted Micro 4 February 2019
NEX EXCHANGE Property investor Ace Liberty and Stone (ALSP) increased its rental income by one-third to £1.95m in the six months to October 2018. Profit from continuing operations improved from £218,000 to £271,000 and a dividend of 0.83p a share has been announced. Four properties have been purchased since April 2018 and Hume House was […]
Ian Pollard: Countryside Properties – Average Selling Prices Broadly Flat
Countryside Props plc CSP Total completions in the first quarter from the 1st October to the 30th December rose by 28 % and the forward order book by 78%. The strong growth in completions was driven by a sharp increase in affordable homes, up 52% and Private Rental Sector, up 66% . This was due […]
Andrew Hore – Quoted Micro 21 January 2019
NEX EXCHANGE Sport Capital Group (SCG) is acquiring Italian football club Palermo for a nominal sum. The deal also includes the project for a new stadium for the Serie B team, which is currently five points clear at the top of the table. Promotion back to Serie A would boost revenue generation and it would […]