Movers of Wednesday 7 April 2021
shares rose 7.36% to 1,832p as booking volumes accelerate
The cruise operator, which holds a portfolio of cruise brands in North America, Europe and Australia, cited its hopes to restart cruises this May in a quarterly update released today.
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.
shares soared 68.97% to 24.5p
Shares in FireAngel Safety Technology Group soared this morning after unveiling that it has signed a long term partnership agreement to develop a new generation smoke alarm.
The Group said it has signed the agreement with a German energy and efficiency service provider, whose name remains undisclosed, which operates within the real estate sector.
The unnamed partner, which was founded nearly 70 years ago, provides services to approximately 12 million apartments worldwide and in its most recent financial period, being the six months ended 30 September 2020, had turnover of around €317 million.
Under the terms of the agreement, FireAngel said it will provide a fully funded research and development programme for a 10-year connected smoke alarm based on its Gen6 platform.
The company highlighted to investors that it is forecast that 7 million new devices will be produced with a minimum of 3.5 million expected to be produced in the first 2.5 years.
shares jumped 17.50% to 11.75p as ENGAGE platform ramps up activity
The virtual reality technology firm unveiled that its proprietary software platform ENGAGE has ‘continued to gain strong traction’ with customers and partners in the first quarter of 2021.
It said unaudited ENGAGE revenue for the first three months of 2021 is up 138% quarter on quarter to €0.4m (equivalent to two-thirds of ENGAGE FY2020 revenue of €0.6 million).
Since the beginning of the year, the company highlighted that 28 new enterprise and institutional customers have contracted to use ENGAGE in 2021, including the US State Department as well as a leading global database platform provider named MongoDB.
Commenting on the first quarter’s positive figures, David Whelan, Chief Executive Officer of VR Education stated that, "ENGAGE usage continues to grow as more and more organisations worldwide see the benefits of the kind of immersive experience that ENGAGE offers versus traditional video-based communications tools such as Zoom and MS Teams.”
He added, “Over the coming year, we will be targeting enterprise and institutional clients in our key geographies of Europe, Asia and North America and grow ENGAGE usage."
shares rose 17.29% to 7.8p as it sees highest annual revenue to date
The group noted that it has made positive progress this year with the group delivering its highest annual revenue to date, approximately 2.5 times the previous financial period.
In a trading update for the financial year ended 31 March 2021, the Group, which operates in Narrowband Radio Frequency Smart Mesh Networks, said it has continued to pursue a number of opportunities amid the pandemic which it expects “to bear fruit in due course.”
The Group reported that revenue for the 12-month period to March 2021 had exceeded market expectation, coming in at 2.5 times than the 15-months to March 2020 of £2.5m.
CyanConnode said it had received around £5.3m in cash received from customers during the 12-month period compared to £4.1m in the 15-months to March 2020 while the Company ended the period with cash and cash equivalents of around £1.5m (March 2020: £1.2m).
shares fell 12.31% to 344.65p as shareholders approve rights issue
Shares in the British food service firm fell today after shareholders voted to approve the £475 million rights issue proposed by the firm last month at yesterday’s general meeting.
SSP said it intends to use the proceeds of the rights issue to strengthen its balance sheet by extending the maturity of its term loans worth £373m from 15 July 2022 to 15 January 2024.
SSP has seen revenues fall by over 80% from pre-pandemic levels as global travel remains restricted. It said it expects the global travel market to recover back to 2019 levels by 2024.
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