Search Follow us
Ryan Long
21 March 2019 · 2 min read

Base Resources (BSE); reports robust PFS for Toliara

Ore will be extracted at Toliara using the lowest cost dry mining method, a dozer-trap mining unit

Base Resources has completes its pre-feasibility study (PFS) at the Toliara Heavy Mineral Sands Project, located in Madagascar. The PFS returned a robust post-tax NPV10 of US$671m with an IRR of 22.4%.

Read more...
Paul Hickman
21 March 2019

Ted Baker (TED); putting a brave face on its prospects

Management notes consumer uncertainty, discounting in many global markets, and bad weather in North America

Ted Baker, which must now embrace a future without its founder Ray Kelvin, is putting a brave face on its prospects.

Read more...
Sparks Team
21 March 2019

Game digital (GMD); has delivered a solid H1 trading performance

Higher profits and tight working capital management also helped to drive an £11.9m year-on-year increase in net cash

Against a backdrop of weak consumer confidence and a well-flagged low point in the console gaming cycle, GMD has delivered a solid H1 trading performance. GTV reduced by 1.4%, with growth in content and accessories offset by an ongoing managed decline in preowned games and a reduction in hardware and events revenue. However, both like-for-like GTV and the group gross margin remained broadly flat and this, combined with further material operating cost savings, helped to deliver EBITDA growth of 21.7% to £25.8m.

Read more...
21 March 2019

Shore Capital Group (SGR); PBT falls 11.1% to £4.1m for 2018

Total dividends were 10.0p

Shore Capital released its preliminary results for 2018 today. Revenue increased 3.4% to £43.3m, while basic EPS decreased 3.8% to 12.6p. Total dividends were 10.0p. Increased revenues have allowed further investment in the capital markets and asset management divisions.

Read more...
Sparks Team
21 March 2019 · 2 min read

Chemring Group (CHG); posts trading update reporting that full-year expectations remain unchanged

The group now expects a more significant H2 weighting to revenue

In Chemring’s recent trading update the group reports that full-year expectations remain unchanged; however, the group now expects a more significant H2 weighting to revenue, a strong underlying operating profit and increases in cash.

Read more...
Elaine Reynolds
20 March 2019 · 2 min read

Orinduik resource upgrade for Eco Atlantic offshore Guyana

Company adds mainly Tertiary prospects to portfolio

A CPR carried out for Eco Atlantic by Gustavson Associates LLC has increased the gross prospective resources (P50) in its Orinduik Block, offshore Guyana, from 2,913mmboe to 3,981mmboe. The new figure was assessed after taking into account ExxonMobil’s Hammerhead Tertiary discovery, together with the processing and interpretation of 2,550km2 3D seismic acquired in 2017.

The bulk of the increase is due to the addition of five new leads, of which four, Jethro, Jethro Ext, Joe and HH are all targeting the Tertiary.

Read more...
Sparks Team
20 March 2019 · 3 min read

IQE (IQE); posts FY 2018 results

Gross profit declines to £37.5m from £38.8m

For the year ended 31 December 2018, IQE announced that consolidated revenue increased 1% to £156.3m without the recognition of any license income. PBT was £14.0m, whereas fully diluted EPS was 1.38p for this period. Adjusted operating profit declined year on year to £16m in 2018 from £26.5m.

Read more...
Sparks Team
20 March 2019

Science In Sport (SIS); Today announces 2018 revenue up 37% to £21.3m

Science In Sport has acquired many trophies in its bid to become the world’s No.1 premium performance nutrition brand. It is the official sports nutrition supplier to Team SKY, British Cycling, Cycling Australia and USA Cycling and is a partner to British Triathlon & Rock n Roll Marathon Series. It supplies over 80 professional English and Scottish League football teams including Manchester United FC. It is associated with Sir Chris Hoy MBE, Mark Cavendish MBE and Adam Peaty MBE as Brand Ambassadors.

Read more...
Sparks Team
20 March 2019 · 1 min read

EMIS Group (EMIS); FY results: total revenue rises 6% to £170.1m

All key segments are showing growth in revenue, good cash generation and high recurring revenue

In its results for the year ended 31 December 2018, EMIS reported an increase in recurring revenue of 5% to £140.7m. There was a slight increase in adjusted operating profit to £37.6m from £37.4m, and adjusted earnings per share to 47.4p from 47.2p. Dividends are up 10% from the last year.

Read more...
Sparks Team
20 March 2019 · 2 min read

Share (SHRE); revenue increases 12% to £21.0m for FY 2018

Strong balance sheet with cash of £9.0m and equity investments of £8.4m

Share released its preliminary results for financial year ended December 2018. Assets under administration increased 3% while operating losses fell 60%. Underlying basic and diluted EPS rose to 0.4p. Loss before tax was £22,000 and the proposed final dividend of 0.55p per share was up by 37% compared to FY 2017.

Read more...