Market News - Page 856

B.P. Marsh & Partners Plc
(“B.P. Marsh”, the “Company” or the “Group”)
Trading Update
Trading Update
B.P. Marsh, the niche venture capital provider to early stage financial services businesses, is pleased to provide the market with an update on trading for the six months ended 31 July 2016.
Highlights
– New investment – Asia Reinsurance Brokers
– Disposals – Broucour and Randall & Quilter
– Increased shareholding in LEBC Holdings
– Realisation of final 1.6% stake in Hyperion Insurance Group
– Dividend of 3.76p per share announced for year ending 31 January 2017 (GBP1.1m in aggregate)
– Strong opportunity pipeline
– GBP6.6m net cash available
…

Proposal regarding continuation of Company
The Directors of the Company have resolved to table a special resolution at the next Annual General Meeting of the Company (which is planned to take place on 17 November 2016) to amend the Company's Articles of Incorporation to provide that the Company be placed into voluntary liquidation, unless the shareholders of the Company pass a special resolution at the Annual General Meeting to be held in or around November 2018 that the Company may continue (the “Resolution”).
Robin Parish, Robert Wade, Junior Kumaramangalam and Anthony Wild, being Directors of the Company who hold or are interested in shares in the Company, and Emma Houston and David Hunting, being Directors of the Company's subsidiary, El Oro and Exploration Company Limited, who hold or are interested in shares in the Company, have all executed undertakings to vote in favour of the Resolution.
…

HARWORTH GROUP PLC
UNAUDITED INTERIM RESULTS FOR THE HALF YEAR ENDED 30 JUNE 2016
Harworth Group plc (“Harworth” or the “Group”), the property regeneration and investment specialist, announces its interim results for the half year ended 30 June 2016.
Financial Highlights(1)
— Full year financial forecasts are in line with the Board's expectations
but, as usual, weighted towards the second half
Net asset value (“NAV”) of GBP303.0m (GBP1.04 per share), a 10.4% increase
from H1 2015 NAV GBP274.5m (93.9p) and 1.8% increase from 2015 full year
NAV GBP297.7m (GBP1.02)
EPRA net asset value per share rose to GBP1.08 per share (H1 2015: 96.8p)
Operating profit of GBP8.3m (H1 2015: GBP9.2m, underlying GBP14.8m),
which reflects a GBP2.9m impact from 2016 stamp duty changes
Earnings per share of 0.3p (H1 2015: 2.7p, adjusted 0.5p)
— Planned financing extension completed reflecting confidence in the future
and to accelerate strategy delivery
Existing RCF limit increased from GBP65m to GBP75m. No need to refinance
until February 2021 and infrastructure bonding secured with new surety
provider
Portfolio remains prudently geared with gross loan to value 20.0% (net
LTV 13.4%)
First interim dividend of 0.23p per share (GBP0.66m in total)

…

Interim Results for the six months ended June 30, 2016
Somero Enterprises, Inc. is pleased to report its interim results for the six months ended June 30, 2016.
Financial Highlights

H1 2016 H1 2015 % Increase
Revenue US$39.7m US$35.3m 12%
Adjusted EBITDA(1,2) US$12.1m US$9.5m 27%
Adjusted EBITDA Margin(1,2) 30% 27%
Operating Income US$10.3m US$8.3m 24%
Adjusted Net Income(1,3) US$7.3m US$6.0m 22%
Diluted Adjusted Net
Income Per Share(1,3,4) US$0.13 US$0.10 30%

…

Interim results

Camellia Plc (AIM:CAM) announces its interim results for the six months ended 30 June 2016.

Malcolm Perkins, Chairman of Camellia Plc, stated:

“Profits for the first six months of the year are substantially higher than the same period last year, once again demonstrating the strength in the diversity of the group.”

“Underlying progress was made by all of our businesses, however a number have faced truly challenging conditions either due to weather or markets and the outlook for the group continues to be mixed. In addition, unpredictable weather makes crop volumes hard to predict and has a consequential effect on prices. In the short term the depreciation in sterling against most of our operating currencies in the agricultural division is likely to have a positive impact on our full year results. In the UK, the lowering of the interest rate will inevitably have a detrimental impact on our banking operations and the continuing uncertainty following the EU referendum vote has triggered a slowdown in our engineering businesses. It is too early, and there remain too many uncertainties, to make any prediction for the full year.”…

Unconditional Development Agreement now in place with Aberdeen City Council for the development of their new Exhibition and Conference Centre
Henry Boot PLC announces that late on the 23 August 2016, Henry Boot Developments Limited, the property development arm of the Group, concluded unconditional agreements with Aberdeen City Council for their new exhibition and conference centre, four-star hotel and energy centre. …

Half Yearly Financial Report for the Period ended 30 June 2016

Highlights

Continued improvement in dividend cover increasing to 88.7% from 80.6% as at 2015 year end.
1.4% Net asset value total return
5.3% dividend yield on period end share price
…

The Conygar Investment Company PLC (“Conygar”) is pleased to announce that it has been granted detailed planning permission by Carmarthenshire County Council for its 9.96 acre development site in Cross Hands, South West Wales.
The fully serviced site was acquired from Sainsbury's in October 2015, with consent for a 90,000 sq ft store and the revised application was submitted in April 2016.
…