8th Sep 2025 16:35
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
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Avation - Singapore-based commercial aircraft leasing company - Expects total revenue of approximately USD110 million for the year ended June 30. Plans to release full-year results on or around October 3. Also says it repurchased USD19.6 million face amount of Avation Capital SA Senior PIK Toggle Notes due in 2026, during the fourth quarter, and that since July 1, it has repurchased further bonds worth USD12.0 million. This reduces the total outstanding amount to USD298.0 million. Furthermore, Avation says it "has materially improved its published credit ratings" with a B1 corporate family rating from Moody's and a B long-term issuer default rating from Fitch. Its total net debt repayments between June 30, 2020 and the same day this year come to USD416.8 million. "We have continued to successfully lease our ATR orderbook to new and existing customer airlines, have de-risked by contracting a widebody aircraft for sale at a profit and have expanded our narrowbody fleet. The company is strongly cash generative," comments Executive Chair Jeff Chatfield.
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Secure Property Development & Investment PLC - Southeastern Europe-focused commercial property investor - Says that following its recent share capital reductions announced in early July, it intends to return the reduced capital to its shareholders, pro-rate to their holdings, in the form of Arcona Property Fund NV shares it currently owns. Says Monday, September 15, is the cut-off date for holding Secure Property shares and therefore being entitled to receive Arcona shares.
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Majedie Investments PLC - London-based investment trust aiming for long-term capital growth with regular dividends - Says it is "pleased" that its investment manager Marylebone Partners LLP has, subject to regulatory approval, formally agreed to merge with Brown Advisory Ltd. It announced advanced talks between the two London-based firms in late June. Says it will receive a cash payment, not material to the net asset value, in respect of its 7.5% stake in Marylebone upon closing. Fees will upon closing be lowered to 0.8% on market capitalisation up to GBP150 million, then 0.675% up to GBP250 million, and 0.6% thereafter, "as a demonstration of ongoing alignment between the manager and shareholders". "There will be no change to the mandate, philosophy, investment approach, or the current team's decision making autonomy over the portfolio," Majedie says. Its Chair Christopher Getley says there are three more benefits to the merger: "Firstly, that access to Brown Advisory's global research team will deepen the analytical capabilities behind each of Majedie's Liquid Endowment strategies in direct investments, external managers, and special investments. Secondly, that collaboration with Brown Advisory's external manager selection teams in London and the US will broaden the opportunity set and strengthen the team's ability to negotiate preferential terms. Thirdly, that Brown Advisory's institutional scale will reinforce Marylebone's ability to support Majedie's growth ambitions."
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Onward Opportunities Ltd - UK smaller companies-focused investor - Reports results for the six months ended June 30. NAV per share is 128.41 pence as of June 30, down from 129.37p at December 31 but up from 116.32p one year prior. Says this equates to an NAV total return of plus 10.4% for the 12 months, "maintaining the encouraging track record of NAV outperformance since launch during a period of significant market volatility". Total return for the half year ended June 30 is minus 0.7%. NAV per share has further increased to 129.3p as of August 31. Net investment gains for the half year decreased to GBP217,000 from GBP1.6 million the prior year but dividend income increased to GBP148,000 from GBP66,000, increasing total income to GBP170,000 from GBP66,000. However, company swings to total comprehensive loss of GBP105,000 for the period, from a gain of GBP1.7 million. "The UK market may not be on life support, but it's certainly still in post-op and the recovery is slow," Onward comments. "The new government continues to claim it inherited a poisoned chalice; voters increasingly suspect it just brought a leaky one of its own. Against this backdrop, UK small caps muddled through what felt like six months of shadow boxing - plenty of motion, little impact."
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Chill Brands Group PLC - London-based consumer packaged goods distributor - Enters strategic partnership with SYP Global Ltd, which is "developing a pioneering new nicotine delivery system". Deal makes Chill Brands the latter's brand expansion partner. It will be responsible for supporting the brand's development and facilitating the system's route to market. Says SYP's technology "fundamentally differs from conventional electronic nicotine systems" by not using heating elements or the solvents "typically found in conventional vape liquid", reducing potential exposure to "harmful thermal by-products". Chill Brands Chief Executive Officer Callum Sommerton is to join SYP's board. Company expects SYP's technology to be ready for commercial sale within one year, and therefore expects it to be non-revenue generating in the immediate term. Notes that it has made no equity investment in SYP and is not funding product development. "It is rare to encounter a technology that has the potential to reshape an industry, and I believe that SYP has the chance to do just that...We look forward to seeing SYP's technology progress from prototype to pre-market trials, and to leverage our Chill Connect network to deliver this innovation to retailers throughout the UK," Sommerton comments.
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Vertu Motors PLC - Gateshead, England-based automotive retailer - Says it has returned over GBP41 million to shareholders since starting share buybacks in July 2017. This has reduced its issued share capital "by over 19%". Also announces an irrevocable agreement with Stifel Nicolaus Europe Ltd to repurchase shares between Monday and October 7. This is further to its GBP12 million share buyback programme announced on February 6, GBP6.5 million of which has been deployed so far.
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LifeSafe Holdings PLC - Essex, England-based developer of fire safety products - Closes retail offer launched on August 27, having raised £20,867 in total through issuing 695,565 shares at 3p each. Says it has therefore raised gross proceeds of approximately GBP740,000 through the combined subscription and retail offer. Expects admission on AIM to take effect and the fundraising shares to start trading on Monday, September 15.
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By Emma Curzon, Alliance News reporter
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Related Shares:
AvationSecure PropMajedie Inv.Onward OppsChill BrandsVertuLifesafe Hldg