Andrew Hore – Quoted Micro 6 May 2019

NEX EXCHANGE In 2018, Newbury Racecourse (NYR) increased revenues by 8% to £19.3m. This was despite lower race course attendances because of two abandoned days of racing. Underlying pre-tax profit jumped from £188,000 to £568,000. The NAV was £50.7m at the end of 2018. There was a further £3.25m payment from David Wilson Homes, which […]

Andrew Hore Quoted Micro 15 April 2019

NEX EXCHANGE High Growth Capital (HASH) is increasing its stake in Sentiance to 15% and is negotiating an option to acquire a majority stake in the artificial intelligence and machine learning business. The additional 5% stake will cost £7m in shares issued at 0.8p each. The option would enable an increase in the total stake […]

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 […]

Aerospace industry taxis out for take-off

As a part time aviation buff, I probably take more note than others of the comings and goings at the Paris Air Show. The mood this year was very upbeat, with European Civil Aerospace very much in the ascendency. Although demand remains healthy, the very nature of the industry structure means there are a relative […]