Home » Posts tagged 'good energy'
Tag Archives: good energy
Pharma C Investments (PCIL) is a shell seeking to invest in medicinal cannabis sector-focused companies, particularly those that provide ancillary products and services to the sector, and it joined the Access segment on 26 May. The indication is that plant genetics, product testing, marketing, procurement services and cannabis consumption devices are areas that might be considered. There was £920,000, after expenses, raised at 0.7p a share. Cash is equivalent to less than 0.4p a share. The shares ended the first day of trading at 0.825p (0.75p/0.9p/) and maintained that price until the end of the week.
Dispersion Holdings (DEFI) has made its first investment. An equity investment of €250,000 has been made in SportsX SAS, which is a technology platform for amateur sports clubs, for a 25% stake. SportsX SAS helps clubs to create club-branded Ethereum-based tokens. SportsX SAS takes 18% of gross merchandising revenues and charges an annual membership fee. It also retains a 10%-20% interest in club tokens. These tokens may eventually be listed on an Ethereum-based exchange, such as Uniswap.
Valereum Blockchain (VLRM) expects to launch the first listed company non-fungible token (NFT) live on a crypto exchange in the next few weeks. This will be via Valereum’s Bridge financial platform and use the Mattereum Asset Passport.
GP IT systems supplier DXS International (DXSP) maintained its profit on slightly higher turnover last year. Pilots of new systems have been continuing but the pace is slower than originally expected. Progress should speed up when there is less pressure on GPs due to Covid. Formal NHS GPIT Futures accreditation should be awarded soon for the ExpertCare hypertension product.
Virgata Services has extended its bid for Walls & Future REIT (WAFR) until 10 June. Virgata argues that the 50p a share bid provides cash immediately rather than some time in the future, even though it is a big discount to NAV.
St Mark Homes (SMAP) reported a fall in full year revenues from £324,000 to £216,000 and there was a loss of £170,000, compared with a profit of £114,000. Management is planning to refocus on developing family housing. Net assets were £5.45m (123p a share) at the end of December 2020. The share price is 87.5p (85p/90p), which values St Mark Homes at £3.86m.
Arbuthnot Banking (ARBB) has originated new loans of £247m so far this year. That means that customers owe £1.8bn. In the four months to April 2021, customer deposits increased by 10% to £2.6bn. There were £1.2bn of assets under management at the end of April.
Capital for Colleagues (CFCP) increased its NAV from 50.17p a share to 61.05p a share in the 12 months to February 2021. That includes a revaluation that reflects the March disposal proceeds for Anthesis Consulting. Interim revenues fell from £271,000 to £198,000, while pre-tax profit fell from £1.28m to £1m, due to a lower level of unrealised gains. There was £1m in the bank at the end of February and this increased to £2.64m after the latest disposal.
Oberon Investments (OBE) has acquired financial planning services provider Smythe House for £300,000 in cash and shares. Up to £233,000 more could become payable dependent on performance. That increases assets under administration by £40m. At the end of March 2021, Oberon had assets under administration of £550m and it reached more than £600m by May 2021. In the year to March 2021, revenues were 240% higher at £3.75m and momentum continues. Broking subsidiary Oberon Capital has been adding clients, including finnCap and MyHealthChecked.
TruSpine Technologies (TSP) has completed its second round of testing for the screwless, spinal stabilisation system Cervi-LOK. It took two surgeons in New York an average of 15 minutes to implant Cervi-LOK on cadavers. That is one-third of the time for other technology. The feedback was positive. There is another round of testing and clearance could be obtained as early as September. An additional £78,000 has been raised at 10p a share.
CBD products supplier Sativa Wellness Group Inc (SWEL) increased first quarter revenues by 377% to £1.37m and gross profit by 234% to £707,000. The loss has been reduced to 0.3p a share.
Ben Richardson has been appointed chief executive of SulNOX Group (SNOX) and Tony Granger becomes full-time chief administration officer. Nigel Armit is no longer finance director. Radu Forescu becomes chairman.
Good Energy (GOOD) has repaid £11.5m of Good Energy Bonds II and that will save annual interest charges of £600,000. The remaining loans total £4.9m and these should be repaid by the end of 2022.
Love Hemp Group (LIFE) raised £2.35m at 3.5p a share. The cash will fund marketing for CBD and hemp products. Coinsilium Group Ltd (COIN) raised £1.16m at 7.5p a share (with a warrant exercisable at 15p attached). The cash will be invested in non-fungible token and open finance sectors.
Mayflower Capital Investments has increased its stake in Altona Real Earths (ANR) from 14.1% to 29.5%. Ashok Patel has taken a 5.03% stake in Quetzal Capital (QTZ).
Watchstone Group (WTG) is seeking shareholder approval to cancel its AIM quotation at its AGM on 29 June.
Trellus Health (TRLS) intends to provide personalised care for people with chronic conditions with the initial focus being inflammatory bowel disease (IBD). It has an exclusive licence for the commercialisation of the GRITT (Gaining Resilience Through Transition) methodology developed by the Icahn School of Medicine at Mount Sinai. The company raised £28.5m at 40p a share. The share price jumped to 65p on the first day of trading, which values Trellus Health at £105m.
Medical devices developer Belluscura (BELL) has gained FDA clearance for its portable oxygen concentrator (POC) and it raised £17.5m – the company was originally seeking £15m of new money at 45p a share, which was in the middle of the expected range of 42p-48p. The shares ended the first day of trading at 53p.
Trading continues to be ahead of expectations at franchised lettings agency Belvoir (BLV). Management service fees 22% higher in the first four months of this year, while financial services income is 24% ahead.
Iodine producer Iofina (IOF) reported an increase in 2020 pre-tax profit from $1m to $1.3m on barely changed revenues of $29.7m. Lower interest charges and higher iodine prices will help Iofina to improve profit to $4.4m this year.
Eqtec (EQT) has raised £16m at 1.5p a share. This will finance repowering of plants in Italy and Croatia using the company’s gasification technology, plus investment in UK projects. This has led to a 26% upgrade in 2022 earnings to 0.1 eurocents a share.
Zegona Communications (ZEG) will return £335m in cash to shareholders following the takeover of Euskaltel. The stake Zegona owns in Euskatel is equivalent to 170p a share and the cash distribution will be 153p a share. The rest of the cash is likely to fund another investment.
Kanabo Group (KNB) is raising £1m at 22p a share, which was a 10% premium to the market price. Kanabo is investing £750,000 in a pre-IPO placing by Hellenic Dynamics, a medical cannabis cultivator. A reverse takeover of an AIM shell is envisaged. There is also an agreement with Northern Greece-based Hellenic that could lead to a deal to purchase up to 1,000kg a year of cannabis flowers with pre-defined THC or CBD levels.
Bellway Homes BWY claims another excellent financial performance for the half year to the 31st January but the effervescence and price rises, such regular features of previous years, appear to be moderating. Increases are well within single digit figures except for earnings per share which just managed to break through the 10% barrier. Revenue rose by 5.9% and profit before tax by 9.3%. One good sign for the future is that as at the 12th March, the order book is 18% higher than a year ago and 5% more houses are expected to be sold in the current year as against 6.5% more completed. Average price increases for private sales are expected to rise by over 4% but this is positively pedestrian compared to industry figures for previous years. Perhaps a sign of the times there.
888 Holdings 888 2016 was another year of outstanding progress, in fact “fantastic” is how the CEO describes it, with very strong organic revenue and profit growth. Revenue for the year to 31s December grew by 13%, or 18% on a constant currency basis. whilst basic earnings per share were up by 74%. Total dividends for the year are increased from 15.5 cents to 19.4 cents, after a final of 5.1 cents plus an additional dividend of 10.5%. trading for the current year so far, is already 11% ahead of a year ago.
Good Energy Group GOOD produced a robust performance in 2016 in an increasingly competitive UK energy market. Revenue rose by 41%, EBITDA by 39% and profit before tax was up from just above a break even point of £100,000 in 2015 to £1.4m. The total dividends for the year remain unchanged.
Mears Group MER produced strong organic growth in the year to the end of December, especially in the Housing Division. Like for like profit before tax rose by 13% and the dividend is being raised by 6% to 11.7p.
Fevertree Drinks FEVR enjoyed exceptional growth in the year to 31st December. Revenue rose by 73%, adjusted EBITDA by 97% and diluted earnings per share more than doubled. The final dividend of 4.71p per share makes a total for the year of 6.25p compared to 2015’s 3.08p.
JD Sports Fashion JD claims excellent progress with another record half year for the 6 months to the 30th July. Profit before tax leapt by 73% on revenue up by 20%. Earnings per share rose by 63% and the interim dividend is being increased by by 4.2% to 1.25p. International development of the business continues with a further 20 new stores across Europe.
Hilton Food Group HFG Despite challenging market conditions, profit before tax rose by 26.7% in the 28 weeks to the 17th July, earnings per share were up by 28% and the interim dividend is increased by 12.2%. Sales rose by 9% and the company’s internatyonal presence was further strengthened by a new agreement in Portugal, additions to the range of supplies in Sweden and the opening on time of its new Australian facility. Hilton also benefited from foreign exchange movements.
Ocado OCDO Group sales for the 12 weeks to the to the 7th August rose by 15.4% and the average number of weekly orders was up by 18.9%, as the company’s performance showed strong steady growth with the best volume performance in five years. Sustained pressure on margins is good news for the consumer and this is going to continue beyond the short term.
Futura Medical FUM After last weeks heady rise when the shares tripled in a day, the share price is beginning to return to more sensible levels and now stands at 73.90p down from last Thursday’s closing price of 92p. The company has announced this morning that the estimated annual sales potential of MED2002 is in excess of $500m, in addition to which CSD500, another of its stable of new drugs, will have its first partner laucnh, later this year.
Good Energy Group GOOD has a target of a fivefold increase in sales of 100% renewable energy by the end of 2020, as against the governments target of doubling renewal energy usage by the same year. Good Energy is keeping well on target with a 40% rise in revenue for the 6 months to the end of June and basic earnings per share for the half year up by 217%. Profit before tax rose by 164%