TRADING UPDATES: Begbies to meet expectations; McBride shines
20th Nov 2023 17:58
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Mercia Asset Management PLC on Wednesday said it completed a GBP4.4 million funding round into Netacea Group Ltd, with Mercia contributing GBP1.6 million of that. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Mercia Asset Management PLC on Tuesday said that one of its direct investments Nova Pangaea Holdings Ltd has received an investment from International Consolidated Airlines Group SA. Read More
Mercia Asset Management PLC - Regionally focussed specialist asset manager - Net assets rise by 1.1% to GBP202.9 million at March 31 financial year-end, from GBP200.6 million 12 months earlier. Net assets per share drop by 0.4% to 45.4 pence from 45.6p the prior year. Mercia had around 6.5 million more shares in issue at the end of March than a year prior. The company's assets under management increase by 46% to GBP1.4 billion from GBP959.2 million in the same period the year before. Says its pretax profit for its year ended March 31 falls to GBP2.4 million from GBP27.4 million. Revenue up 12% to GBP25.9 million from GBP23.2 million. However, the fair value movements in direct investments fell to GBP1.2 million from GBP11.4 million. Read More
(Alliance News) - Mercia Asset Management PLC on Tuesday said mobile gaming investments account for a significant proportion of its portfolio, and the sector is a "natural fit" for its strategy despite a small decline last year. Read More
Mercia Asset Management PLC - Warwickshire, England-based specialist asset manager - Says Warwick Acoustics Ltd has secured its first production contract with "a global top ten luxury [vehicle] manufacturer". Warwick is a Nuneaton, England-based audio systems manufacturer in which Mercia owns a 40.3% stake. The multi-year contract currently includes two vehicle programmes and will be delivered through a "significant expansion" of Warwick's design, development and manufacturing capacity. Warwick's products are based on its patented ElectroAcoustic panels. Mercia says the contract "is a major milestone for Warwick Acoustics, validating the performance and scalability for its proprietary automotive audio system". Read More
(Alliance News) - The following is a round-up of updates on exposure to Silicon Valley Bank by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Mercia Asset Management PLC on Wednesday said portfolio company MIP Discovery Ltd has secured "significant" grant funding from the Bill & Melinda Gates Foundation for its work on its detection reagents. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Mercia Asset Management PLC - Warwickshire, England-based, regionally-focused asset manager - Sells IT and technology consulting services company for private equity firms Intechnica Holdings Ltd to Crosslake Technologies LLC for GBP14.5 million. Says it held a 26% direct holding in Intechnica at the point of sale and will receive cash proceeds of GBP3.7 million. This will generate an internal rate of return of 27% and 1.7 times on its current holding value. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Corrects name of direct portfolio company.) Read More
(Alliance News) - Mercia Asset Management PLC on Tuesday said it acquired the entire share capital of Birmingham-based regional lender Frontier Development Capital, while it also announced its profit was down and declared an increased interim dividend. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Mercia Asset Management PLC - regionally focused specialist asset manager - Attributes the recurring profit it derived through investment activities in both its fund management business and from the balance sheet portfolio to its "differentiated business model". Adds that it also benefits from its "strong" liquidity position. Says this ensures support for its direct and managed funds' investment portfolios and the continued deployment of capital into new investment opportunities. Read More