Mission Group (TMG); revenue increases 4% to £81.0m for FY 2019
The Mission Group announced its final results for the year ended 31 December 2019. Operating profit and reported PBT increased 8% each to £10.8m and £8.3m, respectively. EPS rose 9% to 9.47p. The company witnessed strong cash generation with net cash from operating activities increasing to £9.3m.
Read more...HSBC Holdings (HSBA); cancels fourth interim dividend
The board of HSBC Holdings has cancelled its fourth interim dividend of $0.21 per ordinary share, which was scheduled to be paid on 14 April 2020. The decision comes in response to a request from the Bank of England through the Prudential Regulation Authority (PRA).
Read more...Primary Health Props (PHP); net debt at £1,086.0m
Primary Health Properties announced its trading update for the period 1 January 2020 to 31 March 2020. On a pro forma basis, the LTV ratio was 44.8%, as of 31 March 2020, while cash on deposit totalled £137.0m. After capital commitments, the group has undrawn loan facilities and cash on deposit totalling £341.1m providing significant liquidity headroom.
Read more...Norcros (NXR); trading update and impact of COVID-19
Norcros has mothballed its operations and trading has stopped in South Africa, due to the 21-day lockdown announced by the government. In the UK, the group suspended its main production and assembly operations. It termed the reduction in expected operating profit as temporary and driven by the COVID-19 situation. It also withdrew its guidance for FY20/21.
Read more...Worldwide Healthcare Trust (WWH); issues 25,000 ordinary shares
The company has announced that it has issued 25,000 ordinary shares of 25p each, fully paid from its block listing authority dated 12 November 2018.
Read more...Fidelity Special Values (FSV); issues 450,000 new ordinary shares
Fidelity Special Values has issued a total of 450,000 new ordinary shares of 5p at a price of 172.6p per share from its block listing facility of 15 January 2019. These shares rank pari passu with the existing ordinary shares in issue.
Read more...Fins Growth Inc Tst (FGT); issues 150,000 new ordinary shares
The issue price equates to a premium to the cum-income NAV per share at the time of the transaction of 0.7%. Such a premium includes a placing commission of 0.2%.
Read more...Smith & Nephew (SN.); provides an update on COVID-19 impact
The company expects the underlying revenue growth for Q1 to be around -8% down from Q1 of last year. The company also expects Q2 revenue and H1 trading margin to be substantially down compared to the prior year.
Read more...De La Rue (DLAR); posts trading update
De La Rue announces a post-period-end trading update for the financial year ended 27 March 2020. The Board expects adjusted operating profit for FY19/20 to be £20m–£25m, as previously guided.
Read more...Murray Intnl Trust (MYI); declares an interim dividend of 17.5p per share
Murray International Trust has declared an additional interim dividend of 17.5p per share, in lieu of the usual final dividend, for the year ended 31 December 2019. The dividend will be payable on 15 May 2020 to shareholders registered as on 3 April 2020. The ex-dividend date is 2 April 2020.
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