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TRADING UPDATES: Staffline revenue rises, Petra Diamonds sees momentum

Tue, 14th Sep 2021 14:44

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Staffline Group PLC - Nottingham-based recruitment agency - Revenue in the first half of 2021 increases 4.7% to GBP450.7 million from GBP430.3 million. Pretax loss narrows to GBP800,000 from GBP46.8 million. Continues to benefit from increased client activity in the UK and Ireland. Trading is currently in line with full-year forecasts announced in July. "Whilst we expect to see continued sector-specific labour shortages, we believe Staffline is well placed to capitalise on its position as the clear leader in many markets," Chief Executive Albert Ellis says.

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Petra Diamonds Ltd - London-based diamond miner - Revenue in the financial year ended June 30 rises 65% to USD402.3 million from USD243.4 million the previous year. Adjusted loss before tax narrows to USD8.9 million from USD74.0 million. Production falls to 3.2 million carats from 3.3 million carats. Expects to produce between 3.3 million and 3.6 million carats in financial 2022. Capital expenditure guidance USD78 million 92 million. "We enter FY 2022 with some momentum from a considerably strengthened balance sheet, ongoing optimisation of our asset base and a positive outlook for the diamond market," Chief Executive Richard Duffy says.

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CloudCall Group PLC - Leicester-based customer management software - Revenue rises 10% year-on-year in the first half of 2021, to GBP6.4 million from GBP5.8 million. Pretax loss widens to GBP4.1 million from GBP2.6 million. Remains confident for 2021 and 2022 revenue forecasts, although revenue will be hit by the stronger pound. Expenditure has been carefully controlled, meaning 2021 loss before interest, tax, depreciation and amortisation will be narrower than previously guided.

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Pathfinder Minerals PLC - mineral sands explorer in Mozambique - Pretax loss in first half of 2021 narrows to GBP298,000 from GBP430,000 a year ago. Continues to prepare for legal claim against Mozambique government over the loss of a licence in 2011. "At the same time, we will continue to assess other project opportunities to provide additional avenues for value creation."

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VR Education Holdings PLC - Waterford, Ireland-based virtual reality software - Revenue in the first half of 2021 increases 83% year-on-year to EUR1.2 million from EUR681,152. Pretax loss widens to EUR1.3 million from EUR1.1 million. Reports accelerated demand for the Engage software platform, which now has over 130 commercial customers. Strengthening sales team in the US ahead of the launch of Engage Oasis. Stays on track for medium-term targets announced in January.

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Ocean Outdoor Ltd - outdoor media and billboard advertising operator - Revenue in the first half of 2021 increases 11% year-on-year to GBP40.5 million from GBP36.5 million. Pretax loss narrows to GBP24.8 million from GBP29.5 million. Positive momentum has continued into the second half. Company separately announces it has been appointed media partner of Westfield Copenhagen shopping centre, a seven-year contract worth a total of GBP7 million.

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Tandem Group PLC - Birmingham-based sports equipment - Revenue in the first half of 2021 increases 14% year-on-year to GBP19.3 million from GBP16.9 million. Pretax profit rises 35% to GBP1.9 million from GBP1.4 million. High supply chain costs have continued, but company is "managing these challenges well". "The outlook for the remainder of 2021 remains positive and the board are confident that with revenue to 31 August 14% ahead of the prior year...the group will deliver another strong year." Interim dividend raised to 3.43 pence per share from 3.12p per share last year.

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Corero Network Security PLC - London-based cybersecurity - Revenue in the first half of 2021 increases 34% year-on-year to USD8.3 million from USD6.2 million. Pretax loss narrows to USD1.2 million from USD2.7 million. Remains confident for full-year forecasts, with a promising order pipeline in the second half. Continues to monitor supply chain uncertainty.

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Bonhill Group PLC - London-based media and live events - Revenue in the first half of 2021 falls 13% to GBP6.7 million from GBP7.8 million, reflecting a lack of live events. Pretax loss narrows to GBP2.6 million from GBP11.1 million. Expects 5% revenue growth in 2021 and earnings before interest, tax, depreciation and amortisation of GBP1.2 million. "We are cautiously optimistic about H2 and the important fourth quarter and believe the promising start we have made to the year positions us well for future growth," Chief Executive Simon Stilwell says.

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STM Group PLC - Isle of Man-based pensions and insurance administrator - Revenue in the first half of 2021 falls 3.4% to GBP11.4 million from GBP11.8 million. Pretax profit falls 5.3% to GBP947,000 from GBP1.0 million. Declares interim dividend of 0.60p per share, up from 0.55p per share last year.

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Bluejay Mining PLC - precious and base metals explorer in Greenland and Finland - Pretax loss widens in first half of 2021, to GBP1.4 million from GBP1.2 million, on increased administrative expenses. "We now have two fully financed exploration programmes totalling USD35 million at our Enonkoski and Disko projects. These achievments over the last six months have positioned Bluejay well to capitalise on the next 12 to 18 months as we transition into a revenue generator once Dundas is operational," company says.

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British Honey Co PLC - Buckinghamshire-based spirits and honey maker - Revenue in the first half of 2021 triples year-on-year to GBP3.0 million from GBP1.0 million. Pretax loss widens to GBP1.4 million from GBP992,953. The figures include four months' earnings from Union Distillers Ltd, which was acquired in the period. "As the hospitality and leisure sectors are emerging from lockdown restrictions...BHC is very well placed to take full advantage of the opportunities presented by the significant shift in consumer purchasing and lifestyle habits," Chief Executive Michael Williams says.

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Standard Life Investments Property Income Trust Ltd - commercial property investor - Net asset value per share increases 7.7% to 88.3p on June 30 from 82.0p on December 31. Swings to pretax profit of GBP30.0 million in the first half of 2021, from a loss of GBP30.4 million year-on-year. Expects industrial property to perform well in the next three years, while offices and retail face falling rents and rising income risk.

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By Ivan Edwards; ivanedwards@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
27 Jun 2024 17:07

EARNINGS AND TRADING: Checkit's HMRC case closed; STM profit falls

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
4 Apr 2024 12:25

IN BRIEF: STM updates on takeover and Pathlines buy of SIPPS firms

STM Group PLC - London-based cross-border financial services provider, operating in the UK, Gibraltar, Malta, Spain and Australia - Announces that the UK Financial Conduct Authority has approved the regulatory change of control applications made by Pathlines Holdings Ltd over the latter's acquisition of self-invested personal pension companies. Says the acquisition remains subject to the satisfaction or waiver of other conditions, including regulatory conditions. Also notes Jambo SRC Ltd has submitted regulatory change of control applications to the Gibraltar Financial Services Commission and the Malta Financial Services Authority over its acquisition of STM. Says these applications continue to progress. In December, STM shareholders voted in favour of the takeover, with the company expecting it would become effective in the second quarter of 2024.

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23 Feb 2024 14:27

IN BRIEF: STM annual revenue rises amid interest income boost

STM Group PLC - London-based cross-border financial services provider, operating in the UK, Gibraltar, Malta, Spain and Australia - Says revenue for 2023 is GBP28.0 million, ahead of market expectations, as a result of higher than forecasted interest income. This is a 6.7% increase from GBP24.1 million a year ago. Adds that it incurred costs related to the acquistion of by Jambo SRC, as well as an additional GBP700,000 of exceptional costs. "These exceptional costs relate to the write down of certain non-cash items relating to the disposals of the companies and trust services subsidiaries in 2021," STM explains.

Read more
23 Feb 2024 09:05

STM FY revenues seen ahead of market expectations

(Sharecast News) - Financial services provider STM Group said on Friday that full-year revenues were £28.0m, ahead of market expectations, driven by higher than forecasted interest income.

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6 Dec 2023 14:29

IN BRIEF: STM shareholders approve takeover by Jambo

STM Group PLC - London-based cross-border financial services provider, operating in the UK, Gibraltar, Malta, Spain and Australia - Says the majority of shareholders vote in favour of takeover by Jambo SRC Ltd. Says it will become effective in the second quarter of 2024.

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29 Nov 2023 15:46

UK shareholder meetings calendar - next 7 days

Thursday 30 November 
Amur Minerals CorpAGM
Atlantic Lithium LtdAGM
Cordel Group PLCAGM
CQS New City High Yield Fund LtdAGM
DXS International PLCAGM
Europa Metals LtdAGM
Gabelli Merger Plus+ Trust PLCAGM
Kingswood Holdings LtdAGM
MC Mining LtdAGM
MGC Pharmaceuticals LtdAGM
NCC Group PLCAGM
Ovoca Bio PLCAGM
Revolution Bars Group PLCAGM
Roebuck Food Group PLCEGM re fundraising
Ruffer Investment Co LtdAGM
Friday 1 December 
Croma Security Solutions Group PLCAGM
HeiQ PLCGM re annual report approval
James Halstead PLCAGM
More Acquisitions PLCGM re capital raise
Myanmar Investments International LtdGM re cancellation to trading on AIM
Plaza Centers NVAGM
ScS Group PLCAGM
Monday 4 DecemberGM re additional listing on the NYSE
Diversified Energy Co PLCGM re purchase of 15% of the company's own shares
Palace Capital PLCAGM
PRS REIT PLC 
Tuesday 5 DecemberAGM
450 PLC 
Wednesday 6 December 
Alternative Liquidity Fund LtdAGM
Bowleven PLCAGM
Gattaca PLCAGM
STM Group PLCcourt meeting and EGM re takeover by Pension SuperFund Capital
VinaCapital Vietnam Opportunity Fund LtdAGM
Virgin Wines UK PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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10 Oct 2023 14:28

IN BRIEF: STM agrees to GBP40 million takeover by Pension SuperFund

STM Group PLC - London-based cross-border financial services provider, operating in the UK, Gibraltar, Malta, Spain and Australia - Agrees to takeover offer from Pension SuperFund Capital. The offer includes 60 pence per share in immediate cash and 7p in deferred consideration. The combined 67p matches the price at which STM previously had received undertakings from some shareholders to accept an offer. In total, 36% of STM shareholders have accepted the offer already. It values STM at up to GBP39.8 million. London-based Pension SuperFund helps UK companies to fund their defined-benefit pension schemes, offering pension risk transfers. STM offers workplace pensions and self-invested personal pension schemes. The acquisition will be conducted as a court-sanctioned scheme of arrangement, which is expected to become effective in the first half of 2024.

Read more
28 Sep 2023 17:27

EARNINGS: Ukrproduct outlook uncertain amid war; Microlise revenue up

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
25 Sep 2023 14:13

IN BRIEF: STM Group not ready to relinquish interim CFO Neish

STM Group PLC - London-based cross border financial services provider - Extends interim Chief Financial Officer Therese Neish's contract until December 31. Neish rejoined STM as interim CFO on a 12-month contract in early October 2022, replacing former CFO Nicole Cole. She previously served as CFO from January 2014 until October 2021. STM had announced in early May that the process to find Neish's successor was underway and that she was expected to resign from the board on or around July 1. Company gives no reason for the extension.

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15 Sep 2023 19:56

IN BRIEF: STM Group updates on offer from Pension SuperFund Capital

STM Group PLC - London-based cross-border financial services provider - Receives irrevocable undertakings to vote in favour of the revised offer from Pension SuperFund Capital in respect of 29% of its share capital, subject to an offer of no less than 67 pence in cash being made by September 27. Also receives letter of intent to vote in favour of the offer in respect of 3.4% of its share capital on the same condition.

Read more
8 Sep 2023 12:38

IN BRIEF: STM notes extended deadline for offer from Pension SuperFund

STM Group PLC - London-based cross border financial services provider - Notes UK Takeover Panel has extended the deadline for a 'put-up-or-shut-up' takeover offer from Pension SuperFund Capital GP II Ltd as general partner of Pension SuperFund Capital Reserve LP. Says the deadline has now been extended to September 27 from Friday for Pension SuperFund Capital to either announce a firm intention to make an offer or that it does not intend to make an offer. Says Pension SuperFund Capital is in the late stages of securing credit committee approval from its lending bank for a new credit facility, which would enable both parties to complete the further work required for Pension SuperFund Capital to make an offer. STM also says it is in the process of discussing irrevocable undertakings to vote in favour of the offer from certain shareholders. This would be on the basis that credit committee approval is received from Pension SuperFund's lending banker.

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5 Sep 2023 20:09

IN BRIEF: STM reaches agreement to sell all equity to PSF Capital

STM Group PLC - London-based cross border financial services provider - Reaches agreement in principle with PSF Capital GP II Ltd as general partner of PSF Capital Reserve LP over a possible offer for all company shares at a price of 70 pence each. PSF provides pension savings and pension risk transfers. Says offer conditional on disposal of certain parts of the group that are "non-core" to the strategy of PSF. This was after reaching the deadline for an announcement of a potential intention of a takeover offer.

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22 Aug 2023 10:36

AIM WINNERS & LOSERS: Plexus surges as contract value rises

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

Read more
22 Aug 2023 10:05

STM pushes back takeover deadline for second time

(Sharecast News) - Shares in AIM-listed STM Group dropped on Tuesday morning after the financial services company once again extended its deadline to agree terms on a takeover by Pension SuperFund (PSF) Capital.

Read more
22 Aug 2023 09:44

STM shares fall as extends deadline for intention announcement by PSF

(Alliance News) - STM Group PLC on Tuesday again extended the deadline for an announcement of a potential intention of a takeover offer by PSF Capital GP II Ltd, as general partner of PSF Capital Reserve LP.

Read more

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