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Paul Hickman
10 December 2018 · 2 min read

Photo-Me (PHTM); interims not pretty with adjusted pre-tax profit down 7.9%

Strategy was focused on the expansion of Laundry operations and deployment of secure photo ID upload technology

At interim the picture is not pretty for Photo-Me, with adjusted pre-tax profit down 7.9% at £26.0m on revenue down 2% at £119.8m. However, the interim dividend has been maintained at 3.71p. The good news is that underlying revenue increased by 2.5%, while operations in Japan have recovered faster than expected, with underlying Asia operating profit aside from restructuring up 15%.

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Sparks Team
10 December 2018 · 1 min read

Scottish Investment Trust (SCIN): announces FY18 results

Earnings per share rose 12.8% to 26.0p from 23.1p in 2017

In its results for the year ended October 2018, the company reported a dividend per share (dps) increase of 6% to 21.2p - 35th consecutive yearly rise. Share price total return increased 1.9% with a NAV total return of 1.1%.

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Paul Hickman
10 December 2018 · 2 min read

Hollywood Bowl (BOWL); full year results show strong performance

The company is pursuing a strategy of organic growth plus investment

The shift to experiential leisure has driven strong performance at Hollywood Bowl. The company has completed its second year since IPO with a strong performance.

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Sparks Team
10 December 2018 · 2 min read

e-Therapeutics (ETX); signs a one-year collaboration agreement with Novo Nordisk

Both the companies will use e-therapeutics’ Network-Driven Drug Discovery (NDD) method to find novel intervention strategies

e-therapeutic signed a one year collaboration agreement with Novo Nordisk, a company specialising in diabetic care.  Under the agreement, both the companies will use e-therapeutics’ Network-Driven Drug Discovery (NDD) method to find novel intervention strategies, biological pathways and compounds for testing that could possibly form the basis of novel therapies.

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Sparks Team
10 December 2018 · 2 min read

Avacta Group (AVCT); collaborates with LG Chem Life Sciences

Avacta Group will generate and carry out early-stage optimisation of its Affimer drug candidates against multiple undisclosed targets

Avacta Group announced today a major multi-target therapeutics development partnership and license agreement with LG Chem Life Sciences. The company will receive royalties on any future product sale, while LG Chem will cover Avacta’s research costs.

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Paul Hickman
7 December 2018 · 2 min read

Games Workshop (GAW); indicate strong first half sales

Progress is “considerable” despite margins 2.5ppts lower

In neutral tones, Games Workshop indicated first half sales of £124m and operating profit of £41m. That represents growth of 14% and 6% respectively. The company says that, so far, this is in line with expectations for the year to May 2019.

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Sparks Team
7 December 2018 · 2 min read

HarbourVest Global (HVPE); announces additional USD quote on LSE

HarbourVest Global announced its plan to introduce an additional US dollar market quote for the company’s shares traded on the main market of the London Stock Exchange. This will operate alongside the company’s existing sterling quotation.

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Ryan Long
6 December 2018 · 2 min read

Calidus Resources (CAI); reveal remarkable gold intercepts, extending the scale of Warrawoona

Results demonstrate significant scale at the St George Shear Target that could become a feeder pit for a plant

Calidus Resources (CAI) has announced an impressive set of assay results from a drill programme at its Warrawoona Gold project, located in Australia. The drill programme tested below the existing Mineral Resource Estimate at the Klondyke Deposit, following up on the initial success at the St George Shear Target.

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Paul Hickman
6 December 2018 · 2 min read

easyHotel (EZH); sees a troubled outlook in the UK due to political and economic uncertainty

Third year trading fundamentals are ahead of sector norms

Super-budget hotel operator easyHotel celebrates a pivotal year to September 2018, with system sales up 25.8% at £37.3m and EBITDA up 28.6% at £2.96m. Pre-tax profit grew a more modest 1.4% at £0.87m, a symptom of disruption at Old Street and Earl’s Court. Reflecting the March placing, earnings per share were 0.5p against 0.7p a year ago.

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Sparks Team
6 December 2018 · 2 min read

Euromoney Institutional Investor (ERM); agrees to acquire BoardEx and The Deal for $87.3m

The agreement is expected to be earnings-accretive for the company in its current financial year

Euromoney Institutional Investor has agreed to acquire 100% of The Deal LLC’s equity, comprising BoardEx and The Deal, from its parent company, TheStreet, for a total cash consideration of $87.3m.

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