D4t4 jumps as two 'biggest ever contracts' boost revenues and profits

By Tom Howard / April 10, 2018 / www.proactiveinvestors.co.uk / Article Link

D4t4 Solutions PLC (LON:D4T4) shares jumped on Tuesday as the data solutions provider said it expects to report a 'very strong trading performance' for the second half of the year, having signed its two 'largest ever' contracts alongside a record level of bookings in the period.

The data specialist will publish a more detailed update of its performance later this month, but said today it expects full-year revenue and adjusted pre-tax profits to be ahead of the comparatives for the year ended 31 March 2017.

D4t4 inked a major multi-year contract for its Private Cloud Data Analytics solution with a global US-headquartered financial institution, and also signed a number of important contracts for its Celebrus data collection software.

Peter Kear, D4t4's CEO, said: "We are delighted in our trading for the second half of the financial year, especially given the relatively quiet first half." Shares by a quarter to 132p.

CFO departure prompts slide in MySQUAR's share price?EUR<

Going the other way was MySQUAR Limited (LON:MYSQ) which slipped 7.8% to 1.4p after its chief financial officer stepped down.

A search for Pham Dang Hung's successor is underway, with Lim Ming Shing being appointed as the group's controller to take over his responsibilities in the interim.

Chief executive Eric Schaer thanked Hung, who is leaving to pursue other interests, for his support over the past four years.

Omega Diagnostics far from great as it plans retreat from international markets?EUR<

Medical diagnostics specialist Omega Diagnostics Group Plc (LON:ODX) is to pull back from its international ventures in a bid to return to profitability.

Chief executive Colin King launched a strategic review when he was brought in back in December, tasked with reversing the fortunes of the struggling AIM-listed firm.

His arrival came too late to stop Omega from slumping to a loss in the year just gone, and the Scotland-based group said today it expects pre-tax losses to total ?0.7mln, on revenues of ?13.6mln in the 12 months ended March 31.

The review did throw up a few suggestions though, one of which is to close down the company's sites in Germany and India, where it makes and sells allergy tests and rapid diagnostic kits, respectively.

The hope is from this smaller, more focused revenue base, Omega can swing back to profitability, but investors don't seem reassured, with the stock down 29.1% to 10.3p.

Flowgroup hammered as it announces sale of core energy business

Also taking a beating was Flowgroup PLC (LON:FLOW) which saw its share price collapse after it sold its core energy supply business, Flow Energy Ltd, to rival Co-operative Energy Ltd.

Shares in the alternative energy group were down 61.4% at 0.03p in lunchtime trading as it announced the ?9.25mln sale.

The company also agreed to sell its microCHP boiler technology and intellectual property to iGEN Technologies Inc for an upfront cash payment of C$25,000 ( ?14,000) with potential royalty payments of up to C$1.4mln ( ?789,000) upon successful commercialisation of the microCHP technology.

Tricorn shares rise by a quarter after bullish end-of-year trading update

Tricorn Group PLC (LON:TCN) was one of the morning's top risers in London after the tubes and pipes maker issued a bullish end-of-year trading update.

The Worcestershire-based company told investors that revenue for year just gone - to March 31 - is expected to be around 20% higher than the previous year, driven by "buoyant" markets and new business wins.

"Excellent progress has been made across both of the group's divisions with all businesses delivering increased revenue and substantial improvements in profitability over the previous year," read this morning's statement.

"The performances of the group's USA business and its joint venture in China have been particularly encouraging."

As a result of the strong finish to the year, Tricorn said it expects full-year pre-tax profits to be ahead of expectations. Shares jumped by 23.2% top 27.7p early on Tuesday Morning.

hVIVO can't understand why its share price dropped last week

Another making moves higher was hVIVO PLC (LON:HVO), which gained almost a third shortly after the bell.

The biopharma group revealed this morning that its year-end cash was "markedly ahead of expectations" and that its full-year results are expected to be in line with market expectations.

The revelation came in a statement in which the AIM-listed firm said that it knows of no reason for "the sudden and extreme fall in its share price in recent days".

hVIVO will announce its audited preliminary results for the year ended 31 December 2017 on 19 April 2018 which are expected to be in-line with market expectations, with cash as at 31 December 2017 of  ?20.3mln, down from ?25.7mln in 2016, but markedly ahead of expectations.

Shares rose 28% initially before falling back, although they're still 6.4% higher at 25p.

Proactive news headlines:

Galileo Resources PLC (LON:GLR) has returned exceptionally high zinc grades from drilling on its 85%-owned Star zinc project. Chief executive Colin Bird called the results "very pleasing" and stated that a further expansion of the resource is now on the cards.

ValiRx Plc's (LON:VAL) two lead cancer compounds are at stages in their development that they "offer potential investors an investable proposition and an attractive offering to joint venture partners", according to the company's chairman, Oliver de Giorgio-Miller.

Energy storage and clean fuel company ITM Power plc (LON:ITM) is to help the Metropolitan Police with the roll out of its new fleet of zero-emission vehicles after it signed a signed a fuel contract with the UK's largest police force. The tie-up will see ITM supply hydrogen to the Met Police's new fleet of fuel cell electric vehicles (FCEVs).

Symphony Environmental Technologies plc (LON:SYM) has welcomed news that the authorities in the Pakistani province of Sindh are to enforce The Sindh Environmental Protection Act, which mandates that all plastic produced or imported must be biodegradable.

PowerHouse Energy Group PLC (LON:PHE) has bolstered its executive team with the appointment of Bruce Nicholson as Commercial Operations Manager. The AIM-listed technology company pioneering hydrogen production from waste plastic and end-of-life tyres said Nicholson brings "a proven track record of delivering complex energy projects, which he has built up during 30 years of project management, asset management and business development."

Hurricane Energy PLC (LON:HUR) has reported on its 'transformative' 2017, highlighting that in the year the Lancaster oil field moved into the project execution phase. The project timeline puts Lancaster on course for 'first oil' in the first half of 2019.

Belvoir Lettings PLC (LON:BLV) posted record profits and healthy revenue growth.in 2017 as it shrugged off the effects of a sluggish housing market. Other estate agents, notably Countrywide and Foxtons, have struggled with the sluggish house sales market and inroads into the market by online agents such as Purplebricks.

.Myanmar-language social media, entertainment and payments group MySQUAR Limited (LON:MYSQ) has kicked off the search for a new chief financial officer after Pham Dang Hung announced he was stepping down from the role.

Motif Bio Plc (LON:MTFB) is gearing up for the commercial launch of its next-generation antibiotic following a landmark period for the company. Motif has successfully concluded a second phase III clinical trial on its lead drug, iclaprimm and is preparing for regulatory sign-off in America and Europe.

Genedrive PLC (LON:GDR) said analytical performance and field studies of its Hepatitis C (HCV) ID Kit have been published in BMJ Gut, a leading international journal in gastroenterology and hepatology.

Collagen Solutions PLC (LON:COS) has appointed Louis T. Ruggiero as its chief business officer with effect from 16 April 2018.The AIM-listed firm said it has recently completed a comprehensive business review with the help of Ruggiero, including a review of the company's commercial operations and organisation.

Braveheart Investment Group PLC (LON:BRH) said one of its strategic investments, Gyrometric Systems, received a cash injection of ?250,000 on Tuesday from Strat Aero PLC. As a result of the fund-raising, Strat Aero now holds a 37% stake in Gyrometric while Braveheart's stake has been reduced to 41% as a result of the issue of new shares.

Chaarat Gold Holdings Ltd (LON:CGH) has reaffirmed its strategy of becoming a mid-tier gold producer focussed on Central Asia and the Former Soviet Union, but has now added a commitment to M&A into the mix. A new director, Artem Volynets, has been appointed to oversee the M&A side.

Lionsgold Ltd (LON:LION) has increased its stake in its Finnish joint venture (JV) company, Kalevala Gold, to 30% following the injection of additional working capital. Kalevala has received permission to undertake test processing on an initial 200 tonne sample from the Kuikka gold deposit in order to fine-tune plant recoveries, bulk sampling procedures and protocols for a planned bulk sampling programme, Lionsgold reported.

Strategic Minerals Plc (LON:SML) has completed the acquisition of the Leigh Creek copper project with the issuance of shares to vendor RML. Strategic's director John Peters said it was "very exciting" now to be contemplating restarting mining at the project.

Tharisa PLC (LON:THS) updated investors on its second-quarter production performance, which included above target platinum recovery. Platinum group metal (PGM) recoveries measured 82.2% for the three month period, ended March 31, compared to a target of 80% and the company produced some 38,200 ounces of PGMs.

Tower Resources PLC (LON:TRP) has hired consultant Oilfield International Ltd for an assessment of the reserves potential at the Thali licence in Cameroon. It follows a competitive tender process and the assessment will look at Tower's work on the Thali license to date, in addition to historical well data and regional datasets. Pending reprocessed 3D seismic data will also be used in the process.

Premier African Minerals Ltd (LON:PREM) has appointed experienced geologist Wolfgang Hampel to the board, following the departure of industry veteran John Stalker, who is seeking to reduce his work load. Hampel has been head of Premier African's exploration programme in Zimbabwe since 2014, and was formerly chief operating officer of Tantalus Rare Earths AG.

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