Andrew Hore Quoted Micro 2 December 2019
NEX EXCHANGE Coinsilium (COIN) has signed a memorandum of understanding with Devmons to set up a joint venture using Coinsilium’s existing Gibraltar subsidiary TerraStream. The company will offer blockchain software and systems development. Devmons supplies the technology development expertise. More details will be published when the agreement is signed, and it is hoped that operations […]
Andrew Hore Quoted Micro 25 November 2019
NEX EXCHANGE National Milk Records (NMRP) says that revenues in the quarter to September 2019 fell to £5.25m. They were £5.54m in the previous quarter and £6.08m last year, although that was boosted by one-off projects. A cyber-attack hit business, but systems have been restored. Canaccord Genuity has been appointed as corporate adviser. Western Selection […]
Andrew Hore – Quoted Micro 11 November 2019
NEX EXCHANGE Ecommerce technology developer Netalogue Technologies (NTLP) is recommending a 11.2p a share cash offer from TrueCommerce, which values the company at £5.73m. That is nearly double the share price of the most recent share deal. Netalogue clients include Transport for London, Greene King and Bunzl. The deal will bring together ecommerce and supply […]
Andrew Hore Quoted Micro 28 October 2019
NEX EXCHANGE Ashley House (ASH) is selling its stake in the Morgan Ashley joint venture to its partner for £2m, with £500,000 deferred for 12-months. Delays in the financial closure of projects has led to a shortage of funds at Ashley House and this deal means it does not have to put any more cash […]
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 7 October 2019
NEX EXCHANGE Wines and beer maker Chapel Down Group (CDGP) increased interim sales by one-fifth to £6.74m with growth coming from all parts of the business. Gross margins improved, but the first half loss increased due to investment in developing brands. Cash has been spent on developing additional vineyards, a gin works and a new […]
Andrew Hore Quoted Micro 30 September 2019
NEX EXCHANGE Peel Hunt has edged up its pre-tax profit forecast for brewer and pubs operator Shepherd Neame (SHEP) following the publication of its figures for the year to June 2019. They showed revenues of £145.8m and pre-tax profit of £11.4m, which was slightly better than expected. Brewing profit more than halved to £900,000 after […]
Andrew Hore Quoted Micro 23 September 2019
NEX EXCHANGE Newbury Racecourse (NYR) continues to progress its development plans and some of the benefits are shown by the near-doubling of conference and events revenues in the first half. The remodelling of the main parade ring has been completed and a contractor appointed for work on the Royal Box, which will cost £2.5m. In […]
Andrew Hore Quoted Micro 2 September 2019
NEX EXCHANGE SG Recruitment Ltd (SGRL) generated revenues of £777,000 in the 15 months to March 2019. The nursing staff provider lost £2.63m. Since the year end, more contracts have been signed with NHS hospitals, as well as with a hospital in the UAE. The staff offered to hospitals have all obtained qualifications in English […]
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 […]