Herencia HER has raised a further $150,000 as part of its struggle to keep going pending the hoped for sale of its 70% interest in Paguanta. The new funding is to be paid in two tranches but if the second one is not forthcoming, then Herencia will have to cease trading on the 16th June. The proposed sale transaction is proceeding well but due diligence is still in progress and there can be no gaurantees. A new long stop date of the 4th July has been agreed for satisfaction or waiver of all conditions and completion of the sale.
RWS Holdings RWS claims an excellent 6 months to the 31st March and is increasing its interim dividend by 12% to 1.15p. Despite a substantial adverse impact from foreign currency movements sales rose by 25% and adjusted profit before tax by 28.7%, including a 5 month contribution from Corporate Translations Inc. Trading in the first two months of the second half has continued to be strong.
Iomart IOM proposes to increase its final dividend by 26%, after rises of 21% and 24% respectively in profit before tax and basic earnings per share for the year to 31st March.trading since the end of the year has remained good and the CEO sees the long term future as being bigger than ever.
Gooch & Housego GHH is increasing its interim dividend as its first half performance turns out to have been as expected i.e bad, with flat sales and statutory profit before tax and basic earnings per share, both down by a third. Shareholders , it appears need not worry however, as the order book is robust and up by a third on a year ago and the company is well positioned to benefit from improving market conditions. The second half should show an improvement.