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Sparks Team
18 March 2019 · 2 min read

ReNeuron Group (RENE); post update on Phase I/II trial of therapy candidate in retinitis pigmentosa

Dosing of the second cohort of three Phase II subjects has now started

ReNeuron reported that clinical data from the first Phase II patient cohort of its hRPC cell therapy achieved a positive review from the Data Safety Monitoring Board. All three subjects reported a quick and marked improvement in vision. Dosing of the second cohort of three Phase II subjects has now started. The second cohort consists of patients with a greater baseline level of visual acuity than those treated previously.

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Sparks Team
18 March 2019

Raven Property Grp (RAV); underlying earnings stood at £20.0m for FY ended December 2018

Occupancy rose to 89% from 81% as of 31 December 2018

Raven Property announced that currency movements have adversely affected its trading performance. In addition, it incurred an IFRS loss of £120.7m following a revaluation currency loss.

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Sparks Team
18 March 2019 · 2 min read

Primary Health Properties (PHP); acquires a new primary healthcare medical centre

Main tenants of the property would be GPs of the North Road Surgery with a 25-year lease.

Primary Health Properties has entered into a contract to acquire a medical centre in Kew, London. The facility is due to be completed in October 2019, and will have a net internal area of c. 845 sq. m, for £4.6m by the way of forward funding.

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15 March 2019

Restaurant Group (RTN); results show a decline but not a disaster

For 2018, profit before tax was down 8.1% to £53.2m

Restaurant Group’s results show a decline but not a disaster. The end of 2018 could just mark a crucial inflexion point for the group, where it now has the critical mass to address the structural weakness of its traditional Leisure division, while hopefully preserving the momentum of growth, debt control and a dividend stream. At this point, however, it is all still to be done.

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Ryan Long
15 March 2019

European Lithium (EUR); reports interim results and provides an update on potential grant funding

European Lithium has announced its interim results for the year ending 31 December 2018 and provided an update on potential grant funding for its Wolfsberg Lithium Project, located in Austria.

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Sparks Team
15 March 2019 · 2 min read

QinetiQ (QQ); wins US Army CRS(I) contract for delivery of small ground robots

QinetiQ’s North American operation, with over 40 years of experience in robotics, will produce the back-packable robot,

QinetiQ reports it won a US army contract for the delivery of small ground robots. The seven-year Indefinite Delivery Indefinite Quantity (IDIQ) contract is valued up to $164m. It includes a Low Rate Initial Production (LRIP) phase worth c. $20m over one to two years.

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