Andrew Hore – Quoted Micro 6 July 2020
AQUIS STOCK EXCHANGE Rutherford Health (RUTH) has secured a diagnostics agreement with Somerset NHS Foundation Trust that is worth £19.1m over ten years, although it is initially for five years. Rutherford will supply imaging services from a facility in Taunton, which will be developed in partnership with Equitix. The service should start in the second […]
Andrew Hore – Quoted Micro 8 June 2020
AQUIS STOCK EXCHANGE Sativa Group (SATI) has agreed a merger with Stillcana Inc. The share swap is 0.33507 of a Stillcanna share for every Sativa share. That values the cannabis products company at £10.7m and its shareholders will own 65% of the enlarged group. Trading in Sativa shares restarted on 4 June. Engineering businesses consolidator […]
Andrew Hore – Quoted Micro 23 December 2019
NEX EXCHANGE Trading in the shares of Barkby Group (BARK) following the publication of the prospectus for the reverse takeover of the Dickson group companies and move to AIM. There will also be a share consolidation of 193 shares into 74 new shares. Barkby is paying £30.6m, predominantly in shares with £750,000 in cash, and […]
Andrew Hore Quoted Micro 16 December 2019
NEX EXCHANGE Capital for Colleagues (CFCP) is investing in new portfolio company The Security Awareness Group Ltd (TSAG), which was established to acquire an existing business that has been trading for more than two decades. It provides training to ensure than employees are aware of cyber security and potential for human error. The £405,000 investment […]
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 9 September 2019
NEX EXCHANGE BWA Group (BWAP) is acquiring Kings of the North Corp, which owns five groups of exploration licences in Canada. BWA will pay £4.66m for the business, which is owned by a Canadian Stock Exchange listed company. Management believes that there is significant upside in the licences. Nearly $C1m needs to be spent for […]
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 20 May 2019
NEX EXCHANGE Fuel emulsification technology developer SulNOx Group (www.sulnoxgroup.com) plans to join NEX. SulNOx has developed an emulsification and condition process for hydrocarbon fuels. This process makes the fuel more efficient and thereby reduces fuel usage and emissions. Nouryon AB will manufacture and distribute the company’s products under the Berol brand. SulNOx will do the […]
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 […]