Movers of Thursday 8 April 2021
shares ticked up 3.30% higher to 1,186p as revenue soars 52.9%
Shares in the specialist international food packing business ticked up today following the release of its preliminary results on Wednesday in which it stated that the business had taken home £2.7bn during the 53 weeks ended 3 January 2021 as revenue soared 52.9%.
It said a strong response to COVID-19 during the period resulted in it being able to maintain a continuous supply to its retailer partners while managing to keep its factories open.
During the period, the Group bought a facility in Brisbane, Queensland while in Europe it set up a new facility in Belgium during the year to supply Delhaize and “continued to further diversify its product offering in the plant-based, seafood and convenience categories.”
The group said basic earnings per share grew by 20% to 48.6p from 40.5p in FY19.
shares soared 62.79% to 0.35p as it receives drilling consent from Basur-3
The company unveiled yesterday that the Turkish Ministry of Energy and Natural Resources has granted UKOG Turkey and Aladdin Middle East formal consent to drill the forthcoming Basur-3 appraisal well located in the Resan licence AR/AME-UKO/K/M47-b1, b2 ("Licence").
UKOG Turkey, a subsidiary of UKOG, currently holds a 50% interest in the Licence, which contains the potentially significant Basur-Resan oil discovery. Basur-3 is considered the first key step towards establishing the commerciality of the Basur-Resan Mardin oil pool, calculated to contain potentially transformational discovered recoverable oil resources.
"The speedy grant of drilling consent from the Turkish government further illustrates how oil and gas projects can be pushed ahead more rapidly and with more certainty in Turkey than in the UK onshore, a key enabler for value creation and preservation,” it highlighted.
shares jumped 60.87% to 7.4p as it plans to sell assets to GoDaddy subsidiary
Shares in the domain registry company soared on Thursday after the company said it has agreed to sell the majority of its assets and transfer its rights and obligations to Registry Services LLC, a subsidiary of US web hosting group GoDaddy, for US$120m in cash.
The London-listed firm said the sale represents an estimated net asset value of 8.8p per share, a 92% premium to MMX’s closing price on Wednesday. Addressing investors, it said there is ‘strong strategic rationale’ to sell to a large, established player in the industry.
MMX was approached by GoDaddy Registry back in December 2020 who expressed an interest in making an all cash offer to acquire the Business and Assets. The Board was then considered the approach from GoDaddy Registry as part of its broader strategic review.
shares rose 20.30% to 118.5p as it secures £0.5m contract
The Group, which develops digital solutions to assess brain health, has won a contract with a new pharmaceutical client to provide cognitive assessments in an at-home clinical trial which is worth c.£0.5m with most of the revenue expected to be recognised in 2021.
The trial will use CANTAB™ to assess patients' cognition from the comfort of their homes. It said the trial is being sponsored by a leading pharmaceutical company with a pipeline of CNS drugs that the Company anticipates may benefit from cognitive assessments.
Matthew Stork, Chief Executive Officer of Cambridge Cognition, said, "We are delighted to have secured this contract and to be supporting another major pharmaceutical company to assess cognition in patients' homes. This is a trend that we expect to continue and will therefore provide more growth opportunities for Cambridge Cognition in the future."
shares fell 5.57% to 1,698.5p as it extends pause in US operations
Shares in the group fell after the group informed guests of additional cruise cancellations and the extension of its pause in all operations from U.S. ports to 30 June 2021.
However, the cruise operator, which holds a portfolio of cruise brands in North America, Europe and Australia, also cited hopes to restart cruises this May in its quarterly update.
Despite posting a loss of $2bn in its first quarter of 2020, bookings volumes have accelerated, coming in 90% higher than booking volumes in the fourth quarter of 2020.
The company said cumulative advanced bookings for full year 2022 are “ahead of a very strong 2019”, despite minimal advertising or mark. Meanwhile, Carnival stated that six of its nine brands are expected to resume limited guest cruise operations by this summer.
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