Quoted Micro 20 November 2017

NEX EXCHANGE

Clean Invest Africa (CIA) raised £530,000 at 0.4p a share and joined the NEX Exchange Growth Market on 14 November. The founders subscribed for shares at 0.25p each during September and October. The expected admission price was 1p and the share price ended the week at 1.45p (1.3p/1.6p). That values the company at £2.26m. There is £512,000 in the bank after expenses of £63,800. Clean Invest Africa is focused on renewable and clean energy projects and technologies that will aid the development of Africa. Executive coach Rene Carayol has a 6.28% stake.

Brewer Daniel Thwaites (THW) reported an improvement in interim revenues from £44m to £48m but pre-tax profit was flat at £5.4m, excluding movements on interest rate swaps. The interim dividend is unchanged at 1.1p a share. Net debt rose to £60.9m due to hotel acquisitions and capital investment. Most of the growth in revenues has come from the hotels and inns businesses. Management says that it is aware of some weakening in its consumer markets.

Metal NRG (MNRG) lost £59,000 in the six months to August 2017 but there was still £273,000 in the bank. The focus is cobalt and investments have been made in Western Australia and Nevada. There are further potential investments in Australia and North America. Management plans to announce how it will increase its profile and the liquidity of its shares.

African Potash Ltd (AFPO) is raising £400,000 at 0.025p a share and the cash will finance the development of the African fertiliser trading business and an eVoucher payment system using blockchain.

AIM

Science in Sport (SIS) has secured £14m via a placing at 70p a share in order to expand geographically and in terms of sports. A further £1m could be raised through a one-for-32 open offer at the same share price. The cash will be used to expand the company’s online presence in the US and new product development. The US expansion will be predominantly via Amazon initially and this will require additional stock levels. The SIS.com ecommerce platform will also grow. A move into football will increase the addressable market. Losses are expected to continue for at least two more years.

Zoo Digital (ZOO) is already getting the initial benefits from its film and video dubbing service ZOOdubs. This has widened the scope of the business and helped interim revenues to grow by 63% to $12.7m. A full second half from ZOOdubs will help achieve full year revenues of $26m and that should move Zoo digital into profit in the year to March 2018 even though costs are being increased ahead of expansion in revenues. Localisation services are generating more than two-thirds of revenues with subtitling service ZOOsubs also growing its revenues. ZOOscripts is being developed to provide scripts and metadata that can be used by the other services.

Floorcoverings manufacturer Victoria (VCP) has agreed to acquire floor and wall ceramic tiles manufacturer Keraben Grupo for £246.5m. A placing is raising £180m at 783p a share.

Meat and dairy products supplier Zambeef (ZAM) achieved its downgraded forecast for last year but there has been a further downgrade for 2017-18. Revenues were 17% higher at $255.8m but profit slumped to £200,000. Sales are expected to be flat this year but a recovery in pre-tax profit to $4.2m is anticipated. Non-executive director Tim Pollock, who is investment director for food and agriculture at CDC Group, will take over as joint chief executive from Carl Irwin at the end of March.

President Energy (PPC) is beginning the workover programme of four wells on Puesto Flores, which will cost $2.2m. The payback should be less than 12 months, assuming an oil price of $55/barrel. This is one of the reasons behind the expected increase in forecasts sales from $20.6m in 2017 to $69.5m in 2018, which will enable a 2018 pre-tax profit of $10m.

SRT Marine Systems (SRT) expects a strong second half following a 10% rose interim revenues to £2.9m but a higher loss of £1.6m. That excludes a £1.5m impairment charge for a large Asian contract that has been delayed until 2018-19. finnCap expects the maritime awareness technology developer to report flat full year pre-profit of £1.5m but that requires £12m of revenues in the second half. That requires project milestones to be achieved.

AB Dynamics (ABDP) continued to grow its business at the same time as starting to move into new premises. In the year to August 2017, the automotive testing systems and measurement products supplier increased revenues by one-fifth to £24.6m. Underlying pre-tax profit improved from £4.72m to £5.94m. The total dividend has been raised by 10% to 3.331p a share. Net cash was £9.6m.

Versarien (VRS) wanted to raise £1.2m via institutions and PrimaryBid.com at 18p a share and it ended up accepting £2.9m. Back in March, £1.5m was raised at 15p a share in the same way. The advanced materials company has announced a collaboration with a global consumer goods company on the development of the Nanene graphene nano-platelets in polymer structures. The first purchase order has been made.

GCM Resources (GCM) has completed the appointment of Northland as nominated adviser and joint broker. GCM wants to raise £2m via an offer at 34.4p a share through PrimaryBid. The cash will be used to provide further funding for the development of a mine mouth power plant proposal and for working capital.

Serabi Gold (SRB) has announced the conditional acquisition of Chapleau Resources Ltd for an initial $5m, with a further $5m payable in three months and the final $12m when first gold is produced from the Coringa project in Brazil or 24 months from the initial payment. Coringa is relatively near to Serabi’s existing producing gold mine at Palito. Running the two together should reduce the costs of production. The initial payment can come out of existing facilities. Serabi generated revenues of $36.2m and a cash inflow from operations of nearly $7m.

InterQuest Group (ITQ) appears to have set in motion the first stage of plans to leave AIM. That is because it wants shareholder approval to allow it to issue additional shares equivalent to 75% of the issued share capital. The management behind the recent bid for the company own a majority of the shares but need the backing of 75% of the shares voted in order to cancel the quotation. By issuing additional shares InterQuest can dilute the stake of the shareholders that oppose the cancellation of the AIM quotation and management can get what it wants.

AdEPT Telecom (ADT) reported a 36% increase in interim revenues to £22.6m with managed services contributing more than two-thirds of the total. Pre-tax profit increased by 29% to £3.9m. The interim dividend was raised by 13% to 4.25p a share. Full year profit is expected to rise from £6.9m to £8.3m.

Boku Inc develops technology which enables people to pay for services via their mobile. The company is loss-making but it is highly operationally geared so after it covers its costs the profit should grow rapidly. At 59p a share, Boku will be valued at £125.9m. Existing shareholders will raise £30m and the company will raise £15m.

Belluscura has announced details of its plans to join its parent company Tekcapital (TEK) on AIM in early December. Tekcapital’s 47.5% stake in Belluscura will be diluted by a fundraising to generate between £7.5m and £10m. Belluscura has acquired non-core product lines from large medical device companies as well as new IP and technologies.

Keystone Law Group is the latest legal firm to come to AIM. A placing at 160p a share will raise £10m and value the company at £50m. The flotation is due to be completed on 27 November.

Beeks Financial Cloud Group is raising £7m at 50p a share, which values the company at £24.5m. The flotation date is 27 November. Beeks is a cloud-based provider of automated foreign exchange and futures trading.

Ten Lifestyle Group is a lifestyle and travel platform providing concierge services. Corporate clients provide Ten’s services to individual customers. It also expects to join AIM on 27 November.

Mirriad Advertising has developed native in-video advertising technology, which can insert branded advertising into existing content. Revenues are modest and Miriad is still heavily loss-making. IP Group currently owns 38.2%. The flotation is expected on 29 November.

Concepta (CPT) has confirmed a £600,000 order from China for its MyLotus product which provides measurements to help improve the chances of conception. On the back of this, Concepta raised £2m at 7p a share.

Amryt Pharma (AMYT) has signed an exclusive distribution agreement with El Seif in Saudi Arabia for its products.

Africa Oil Corp is subscribing for £8.46m worth of shares in Eco (Atlantic) Oil and Gas (ECO) and this will give it a 19.8% stake. The subscription price of 22.25p a share was at a 28% premium to the closing price on the previous day’s trading. The cash will be used to identify and acquire new oil and gas exploration assets.

MTI Wireless Edge (MWE) has won a $1m contract for military antennas. Along with previous contracts, the revenues will be recognised over the period until the end of 2019. There is potential for larger orders to come.

TLA Worldwide (TLA) reported its 2016 results at 7am on 15 November and the 2017 interims at 7.01am on the same day. That is much better than releasing the profit warning concerning the 2016 figures at 6.26pm on the last day of trading prior to Christmas 2016. Trading in the shares resumed at 2pm on 16 November after the 2016 accounts were posted. The 2017 loss was $9.26m. The interim loss was $3.86m and net debt was $25m with further contingent consideration of $12.2m. The share price slumped to 12p and then recovered to 14p.

Former chairman Michael Ellis has requisitioned a general meeting at Van Elle Holdings (VANL) so that he and his son-in-law Thomas Lindup can be returned to the board. Both men had left the board of the ground engineering services provider prior to its profit warning in March, which was five months after floating. Ellis also wants to remove chief executive Jon Fenton and senior independent director Robin Williams.

Utilitywise (UTW) has delayed publication of its results because of the requirements for further auditing.

Integumen (SKIN) has acquired the Stoer skincare range for men and its ecommerce platform. This brand complements the Visible Youth brand aimed at women. Integumen is issuing 12.6% of its enlarged share capital in payment for Stoer, which values it at £510,000 at a share price of 2.45p.

Interim revenues fell from £21.9m to £17m at Hornby (HRN) and the loss increased to £5.7m. Net debt was £4.7m at the end of September 2017. A £12m placing and open offer at 29.5p a share will provide cash for investment and to buy a 49% stake in the holding company of Oxford Diecast Ltd, which is controlled by Hornby chief executive Lyndon Davies.

Blue Prism Group (PRSM) has sparked another upgrade with its latest trading statement. The robotic process automation supplier has added more customers and has a 100% renewal rate so full year figures will be comfortably ahead of expectations but the loss will be in line with forecasts. The annual figures will be published on 25 January.

Fishing Republic (FISH) has been hit by increased competition in the fishing market, which has knocked profit margins. There was a decline in like-for-like store sales in October. That means that there will be a loss this year. This has led to the departure of the chief executive and other board members. Chris Griffin becomes acting chief executive and he will conduct a strategic review. His experience should be helpful with online sales, which continue to grow.

Angling Direct (ANG) has acquired North West Angling Centre and Tacklesaver for £450,000 in cash plus stock. They have annual revenues of £1.8m. That takes the number of stores to 20. Angling Direct has reassured the market that trading is in line with expectations.

Oracle Power (ORCP) and its partners have submitted plans to the Pakistan authorities for a 660MW power plant which would eventually become a 1,320MW plant. The coal for the power plant will come from Thar Block VI. If the regulator issues a letter of intent then the partners will have to submit an electricity tariff application and apply for a generation licence.

Film finance provider FFI Holdings (FFI) has acquired digital, post-editing machine rental business EPS-Cineworks for $9.54m. This business fits well with the Pivotal Post post-production business acquired earlier this year prior to flotation.

BOS Global Holdings (BOS) says that Innovation Corporation has asked for security to be provided against its convertible note. Innovation has converted £217,000 of convertibles at 16p a share. That left £1.06m available from the note. Former managing director Michael Travia, who has requisitioned a general meeting to change the BOS board, is associated with Innovation and they have a total stake of 18.9%. BOS admits that its cash position is tight.

MAIN MARKET

Packaging supplier Macfarlane Group (MACF) says it expects full year expectations to be met as the momentum of the first half has continued into the second half. The distribution division increased revenues by 11% in the four months to October 2017 which more than offset a small dip in manufacturing sales. Manufacturing profit will be flat this year but distribution profit will be much higher.

Standard list shell Spinnaker Opportunities (SOP) has viewed potential acquisitions but has yet to find one that fits with its criteria. It is seeking an energy or industrial acquisition valued at between £5m and £30m. There was still £1.1m in cash at the end of October 2017 and the NAV was 4.23p a share.

Telecoms business Toople (TOOP) has more than 1,300 small business customers and it says that “monthly revenues have consistently exceeded £100,000” between June and October 2017. Toople has decided to end its relationship with a third party sales agency and bring sales in-house. The current customer acquisition cost is said to be “within the range previously announced of £40 to £91 per customer” and that is the same as 12 months ago. In the first half, admin expenses were £662,000. There was a £82,000 gross profit on sales of £655,000. Management has tried to keep costs down but revenues do not appear to be significantly higher in the second half based on the above statement. The first half cash outflow from operating activities was £552,000. This may have been reduced in the second half but the outflow is still likely to be significant. There was net debt of just over £300,000 at the end of March 2017 but since then £1.26m net from a fundraising in June. The share price is 1.18p, compared with the 2p fundraising price.

Simian Global (SMG) says that the exclusivity period for the acquisition of media and advertising company GVC Holdings has been extended to the end of March 2018. A further £50,000, on top of £200,000 already lent, will be provided to GVC at an interest rate of 15%.

Andrew Hore

Cadence Minerals #KDNC – Macarthur Minerals #MMS finalises heritage agreements, paving the way for Pilbara exploration licenses

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to report that that Macarthur Minerals Ltd (TSX-V: MMS) has announced it has finalised heritage agreements with the Palyku and Njamal native title claimants paving the way for all the Exploration Licences in the Pilbara to be granted in the very near future.

Cadence has a 15.2% equity interest in Macarthur, which is an Australian mining exploration company focused primarily on lithium, iron ore and gold in the Pilbara region of Western Australia. It also has a lithium project in Nevada, USA.

The full release can be found at: https://web.tmxmoney.com/article.php?newsid=8923825942341740&qm_symbol=MMS:APH

Kiran Morzaria, Chief Executive Officer of Cadence, commented: “Macarthur Minerals now expects to get approval within days for 13 more Exploration Licences, bringing their total in the region to 15.” 

– Ends –

For further information, please contact.

Cadence Minerals plc

+44 (0) 207 440 0647

Andrew Suckling

Kiran Morzaria

WH Ireland Limited (NOMAD & Broker)

+44 (0) 207 220 1666

James Joyce

James Sinclair-Ford

Hannam & Partners LLP (Joint Broker)

+44 (0) 207 907 8500

Neil Passmore

Giles Fitzpatrick

Square1 Consulting

+44 (0) 207 929 5599

David Bick

Qualified Person

Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.

About Cadence Minerals:

Cadence is dedicated to smart investments for a greener world. The planet needs rechargeable batteries on a global scale – upcoming supersized passenger vehicles, lorries and buses – require lithium and other technology minerals to power their cells. Cadence is helping find these minerals in new places and extracting them in new ways, which will meet the demand of this burgeoning market. With over £25 million vested in key assets globally, Cadence is helping us reach tomorrow, today.

Cadence invests across the globe, principally in lithium mining projects. Its primary strategy is taking significant economic stakes in upstream exploration and development assets within strategic metals. We identify assets that have strategic cost advantages that are not replicable, with the aim of achieving lower quartile production costs. The combination of this approach and seeking value opportunities allows us to identify projects capable of achieving high rates of return.

The Cadence board has a blend of mining, commodity investing, fund management and deal structuring knowledge and experience, that is supported by access to key marketing, political and industry contacts. These resources are leveraged not only in our investment decisions but also in continuing support of our investments, whether it be increasing market awareness of an asset, or advising on product mix or path to production. Cadence Mineral’s goal is to assist management to rapidly develop the project up the value curve and deliver excellent returns on its investments.

Brand CEO Alan Green presents Small Cap Spotlight, looking at Prairie Mining #PDZ, Midwich #MIDW and Advanced Oncotherapy #AVO

Brand CEO Alan Green presents Small Cap Spotlight, looking at Prairie Mining #PDZ, Midwich #MIDW and Advanced Oncotherapy #AVO.

3i Group “Good” First Half As Returns Slide

3i PLC (III) Claims another good first half performance for the six months to the end of September during which it invested in some attractive and well priced businesses in private equity. Total return in this “good” first half fell by some 35% from 1006m. to 655m. and the percentage return on opening shareholder funds virtually halved from 23% in 2016 to 11% in 2017. The dividend remain at 8%.

Mediclinic International plc MDC reports that one of the features of its first half performance was a turnround getting underway in its troubled Abu Dhabi business. Total revenue for the half year rose by 10% but underlying earnings per share were down by 12% and revenue from its Middle East operations in both Dubai and Abu Dhabi fell 5% in constant currency terms. Despite this the Middle East is expected to produce a strong second half. The interim dividend is maintained at 3.2p. The group added that in accordance with Rule 2.6(a) of the City Code on Takeovers and Mergers, by not later than 5.00 p.m. on 20 November 2017, Mediclinic will be required to either announce a firm intention to make an offer for Spire Healthcare in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer. Although discussions have continued, no agreement has yet been reached on any of the key terms of an offer.

Royal Mail Group RMG Revenue per share rose by 2% in the half year to the 24th September but transformation costs reduced operating profit from 148 to 26m. Profit before tax was well down from 110m. to 77m,. although basic earnings per share almost doubled from 8.6p last year to 17.1p this year. The interim dividend is being raised by 4% to 7.7p per share. The group is prepared for a decline of between 4% and 6% in addressed letter volume  but parcels are performing well in a highly competitive market. Anybodywho has attended RMG’s jargon specialisation course (JSC) will be able to understand that GLS has performed strongly and UKPIL parcels revenue rose by 5%.

Coats Group COA continues to perform strongly and the 2% rise in group sales for the quarter to 31st October would have been much higher but for the decline in the  crafts division increasing to 12% and bring the average over 9 months up to 10%. The problems there are due to tough market conditions and a major customer moving to own brand retailing. The Industrial division produced a strong performance with growth of 5%  which was closely matched by the other divisions which, apart from crafts continue to perform well.

 

Prairie Mining (PDZ) – Result of AGM

The 2017 Prairie Mining Limited AGM was held today, 16 November 2017, at 11.00am (WST).

 

The resolutions voted on were in accordance with the Notice of Annual General Meeting previously advised to shareholders.

In accordance with Section 251AA of the Corporations Act 2001, the following information is provided:

Resolution

Result

Number of Proxy Votes

For

Against

Abstain

Proxy’s Discretion

1. Adoption of Remuneration Report

Passed unanimously on a show of hands

5,585,346

6,500

14,235,078

101

2. Re-election of Director – Mr Benjamin Stoikovich

Passed unanimously on a show of hands

19,351,846

475,000

78

101

3. Re-election of Director – Mr Thomas Todd

Passed unanimously on a show of hands

19,826,846

78

101

 

For further information, please contact:

Prairie Mining Limited

Tel: +44 207 478 3900

  Ben Stoikovich, Chief Executive Officer

Email: info@pdz.com.au

  Sapan Ghai, Head of Corporate Development

 

Combatting cancer in challenging environments – CERN

By Stephanie Hills – CERN.

If you live in a low- or middle-income country, your chances of surviving cancer are significantly lower than if you live in a wealthier economy, and that’s largely due to the availability of radiation therapy.

A group of international experts in the fields of accelerator design, medical physics and oncology recently met at CERN to try to solve the technical problem of designing a robust linear accelerator (linac) that can be used in more challenging environments.

  • Between 2015 and 2035, the number of cancer diagnoses worldwide is expected to increase by 10 million, with around 65% of those cases in poorer economies. 
  • It’s estimated that 12 600 new radiotherapy treatment machines will be needed to treat those patients. 

“We need to develop a machine that provides state-of-the-art radiation therapy in situations where the power supply is unreliable, the climate is harsh or communications are poor,” explains Manjit Dosanjh, senior advisor for CERN medical applications. “We need to avoid a linac of sub-standard quality that would not only provide lower-quality treatment but would be a disincentive for the recruitment and retention of high-quality staff.”

Limiting factors to the development and implementation of radiotherapy in lower-resourced nations don’t just include the cost of equipment and infrastructure, but also a shortage of trained personnel to properly calibrate and maintain the equipment and to deliver high-quality treatment. The plan is to design a medical accelerator that is affordable, easy to operate and maintain, and robust enough to be used in areas where these operational challenges might occur.

“I grew up in Australia, where the distances to hospitals can be vast, the climate can be harsh and local access to medical experts can quite literally be the difference between life and death,” explains accelerator physicist Suzie Sheehy from the University of Oxford and the Science and Technology Facilities Council (STFC). “In this project, the challenges in different environments will be extremely varied, but it seems obvious to me that those of us on the cutting-edge of research in particle accelerators should rise to the challenge of re-designing systems to make them more available to those who need them. I see this as a challenge and an opportunity to take my research into spaces where it is most needed.”

Link here for full CERN article

Buy SciSys #SSY says VectorVest. Key metrics indicate the time is right to buy into this growth company.

Chippenham-based SciSys Plc (SSY.L) supplies software systems, IT-based solutions, and support services to the space, media & broadcast, government, defence and commercial sectors in the UK and abroad. The company designs, builds, supports, and develops ICT services, e-business, and advanced technology solutions for blue chip and public sector organizations. SciSys also provides services to various areas, including transport, utilities, and communications. The company was founded in 1980 as Science Systems plc, changed its name to CODASciSys plc in 2002 and then changed its name to SciSys plc in 2006.

FREE! For free VectorVest analysis on any stock, go to this link here

On Sept 21st 2017 SSY reported a strong set of interim results for the half year to 30 June 2017. Adjusted operating profit rose 18% to £1.3m on revenues up 23% at £27.2m. Net debt was reduced to £9m (from £10.2m at 31 Dec 2016), and with a record half-year order book of £64m (2016: £35m), the interim dividend was raised by 11% to 0.59p per share. Dec 2016 acquisition, ANNOVA, also achieved major project milestone on flagship BBC contract. Chairman Mike Love said; “We are very pleased and buoyed by a solid operational performance and key contract wins across the Group resulting in our record order book. We are particularly pleased by the robust performance of ANNOVA; it is already evident that this acquired business is delivering significant strategic benefit to the Group. At this point in time we anticipate that we will deliver full-year results at the upper end of current guidance.”

The opportunity at SSY had been flagged by VectorVest in the summer of 2017, when the stock logged a rise in GRT (Earnings Growth Rate). At this time SSY shares were trading around 100p, and occasionally dipping below. Despite the RS (Relative Safety) ‘fair ‘rating scoring 0.96 on a scale of 0.00 to 2.00, SSY logs a forecasted GRT of 19%, which VectorVest considers to be very good. Added to this, the VST-Vector (VST) master indicator, (ranks every stock in the VectorVest database), also logs a ‘very good’ rating of 1.28 on a scale of 0.00 to 2.00. Finally a valuation of 162p indicates potential upside from the current 127p.

The chart of SSY.L is shown above in my normal format. The share has broken the horizontal resistance which was in place since November 2016. Using a concept known in technical analysis as a “measured move” the technical target for the move upwards is approximately 160 which is similar to the VectorVest valuation at present.

Summary: Looking further into the past, the charting picture for SSY sees a steady upward trajectory since spring 2015. But now, strong half-year revenue and profits growth, the ANNOVA acquisition and the ongoing reduction in debt have transformed SSY into an attractive growth company. With forecasts for a good set of FY numbers and a trading update imminent, key VectorVest metrics are indicating that the time is right to consider buying into this growth company.

Dr David Paul

November 15 2017

Readers can examine trading opportunities on SSY and a host of other similar stocks for a single payment of £5.95. This gives access to the VectorVest Risk Free 5-week trial, where members enjoy unlimited access to VectorVest UK & U.S., plus VectorVest University for on-demand strategies and training. Link here to view.

VectorVest Unisearch

On VectorVest a simple search using the Unisearch tool will quickly find shares that are undervalued with good fundamentals that have just issued a Buy recommendation. This will give the active trader a short list of many high probability trading opportunities each week. Traders now have the opportunity to spend five weeks discovering VectorVest’s unique simplicity, automation and independent guidance. Just £5.95 buys a 5 week trial to enable deep exploration, or how the system can assist in smarter trading in as little as 10 minutes a day. Powerful tools. Proven strategies. Unique Perspectives.

Link here for more info and to set up a trial. 

European Financial Publishing Limited T/A VectorVest UK (VectorVest) is authorised and regulated by the Financial Conduct Authority under register number 543038. You should remember that the value of investments and the income derived therefrom may fall as well as rise and you may not get back the amount that you invest. Past performance is not a reliable guide to the future. This material is directed only at persons in the UK and is not an offer or invitation to buy or sell securities. If investors are in any doubt of the suitability of an investment given their individual circumstances, they are recommended to contact an investment manager or independent financial adviser who may be able to provide tailored advice. Opinions expressed whether in general or both on the performance of individual securities and in a wider economic context represent the views of VectorVest at the time of preparation. They are subject to change and should not be interpreted as investment advice. VectorVest and connected companies, clients, directors, employees and other associates, may have a position in any security, or related financial instrument, issued by a company or organisation mentioned on this site. European Financial Publishing Limited is a company incorporated in Scotland under Company Number SC357322 with its registered address at Exchange Tower, 19 Canning Street, Edinburgh EH3 8EH. Email: support@VectorVest.comFREE! For free VectorVest analysis on any stock, go to this link here

Card Factory Pressured By Having To Pay A Living Wage

Card Factory CARD produced sales growth of 6.7% in the 9 months to the 31st October fuelled by the opening of 38 net new stores, bringing the UK total to 903 and with more to come during the final quarter. The strong first half sales performance has continued into quarter 3 but profits will be impacted for the rest of the year by foreign exchange pressures and by having to pay a living wage to its employees!   Not many companies are so brazen or clueless  as to admit that paying a living wage is a problem. Presumably back to Victorian times and the problem may be solved – but how many could then afford to buy cards and how many card shops were there festooning the high streets. If the country saw widespread wage reductions to help companies cope with so called pressures, the Card Factory could be closing shops, not opening new ones.

Barratt Developments BDEV Updates in advance of today’s AGM that it has made a strong start to the new financial year with forward sales up 8.4% between the 1st July and the 12th November, helped by good market conditions and the wide availability of attractive mortgage finance. 2018 is expected to produce a good operational performance.

Experian EXPN is on course to deliver stronger organic revenue growth as the year progresses and after a first half produced revenue and EBIT growth of 5%. On a statutory basis profit before tax for the six months to the 30th September fell by 7% and basic earnings per share by 15%. The first interim dividend is to be increased by 4%.

Wizz Air Holdings WIZZ announces that it has ordered 146  Airbus A320neo aircraft  worth $17.2bn at current list prices. Deliver is to start in 2022 and will enable Wizzair to extend its market reach beyond Europe and to make further reductions in operating costs.

TalkTalk Telecom TALK is slashing its interim dividend by over 50% after managing to turn last years first half profit of £30m into a statutory loss before tax of £75m this year meaning that it will only be able to pay shareholders 2.5p per share instead of last years 5.29p. Statutory revenue fell from £902. to £856m but the company has now produced its third consecutive quarter of growth, so  things may be on the mend.

Beachfront villas & houses for sale in Greece    http://www.hiddengreece.net

Brand CEO Alan Green discusses Prairie Mining #PDZ, Petrofac #PFC and Hemogenyx #HEMO on VOX Markets podcast

Brand CEO Alan Green discusses Prairie Mining #PDZ, Petrofac #PFC and Hemogenyx #HEMO with Justin Waite on VOX Markets podcast. Interview is 9 minutes in.

Brand CEO Alan Green discusses Premier Oil #PMO and Prairie Mining #PDZ on RTCTV

Brand CEO Alan Green discusses Premier Oil #PMO and Prairie Mining #PDZ on RTCTV. The interview is 44 minutes in.

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