UK Government Loans to Energy Suppliers Seen as Likely
Some form of government loans to gas and power suppliers to
cushion the effect of high energy prices on consumers was always
the most likely outcome of any intervention, RBC Capital Markets
says after reports that the U.K. government is exploring such
payments to these companies. "With Boris Johnson's government
lagging in the polls, a populist move to help the cost of living
for the electorate is likely, in our view," RBC's analysts say.
Anexo Group Sees 2021 Revenue Growth, Pretax Profit Ahead of
Anexo Group PLC said Tuesday that it expects to report 2021
revenue growth ahead of group forecasts and pretax profit
significantly ahead of market expectations.
Just Group Expects 2021 Capital Generation to More Than
Just Group PLC said Tuesday that capital generation for 2021 is
expected to more than double from the prior year, and that it would
beat the board's expectations a year earlier than anticipated.
PRS REIT Home Completions, Rent Value Rose in 2Q; Declares
PRS REIT PLC said Tuesday that its completed homes and rental
value rose in the second quarter of fiscal 2022, and declared an
Cyba Shares Rise After Potential Acquisition's NFT Price
Shares in Cyba PLC rose Tuesday after it noted the extreme price
increase of the non-fungible token Nectar of its potential
Ashtead Technology Holdings Sees 30% Revenue Rise for 2021
Ashtead Technology Holdings PLC said on Tuesday that it expects
to report a 30% rise in revenue for 2021, and that it looked
forward to further progress through 2022.
Crossword Cybersecurity Sees 2021 Revenue Growth of 43%, 2022
Revenue Growth of 75%
Crossword Cybersecurity PLC said Tuesday that it expects to
report revenue growth of 43% for 2021 after strong core
cybersecurity consulting and product related performance, and
revenue growth of 75% for 2022.
Ascent Resources Raises GBP0.6 Mln via Equity Issue
Ascent Resources PLC said Tuesday that it has raised 0.6 million
pounds ($818,760) via share issue.
Alfa Financial Software Holdings Plans Buyback Program of Up to
Alfa Financial Software Holdings PLC said on Tuesday that it was
planning a share-buyback program of up to 18 million pounds ($24.6
million) as future cash projections show the continued generation
of more cash than it needs for its growth plans.
Kape Technologies CFO to Step Down
Kape Technologies PLC said Tuesday that Chief Financial Officer
Moran Laufer is stepping down to pursue other interests.
Alliance Pharma Expects to Beat 2021 Adj Pretax Pft Views,
Boosted by Kelo-Cote Results
Alliance Pharma PLC said Tuesday that it expects an adjusted
pretax profit for 2021 to be above market expectations, boosted by
an outperformance in its Kelo-Cote product.
Distribution Finance Loan Book Rose in December; Sees 2021 Loss
Distribution Finance Capital Holdings PLC said Tuesday that its
loan book increased by a record amount in December and its now sees
its full-year pretax loss being narrower than it had expected.
UK Cryptocurrency Ad Crackdown Seen Having Limited Impact
1412 GMT - The U.K. government's plans to join Spain and
Singapore in cracking down on cryptocurrency advertising may have a
limited impact in preventing consumers from being misled, AJ Bell
says. "While the move will help some people, it won't stop the
outright scams that have exploded off the back of bitcoin and other
cryptos soaring in price," AJ Bell's Laura Suter says. Clamping
down on social media accounts where people claim to have made
millions from buying bitcoin would have a bigger impact, she says.
An overwhelming number of people hear about cryptocurrencies
through social media whereas very few are encouraged to buy it from
an advert, she says. Bitcoin falls 3.9% to a one-week low of
$41,330, according to FactSet.
Watkin Jones's Pipeline Gives 'Excellent' Revenue Visibility
Over Next Few Years
1400 GMT - Watkin Jones's fiscal 2021 results were ahead of
forecasts and it has again increased its pipeline, Davy Research
says. The U.K. property developer's pipeline units within the
'build-to-rent' and 'purpose-built student accommodation' segments
have an estimated future revenue value of GBP1.85 billion, reaching
a record level and up from November's GBP1.75 billion, Davy says.
The company has added one PBSA site of around 800 beds since
November to its pipeline. Watkin Jones's pipeline now stands at
4,012 BtR units and 7,806 PBSA beds, giving the company excellent
visibility on revenue over the next few years, the Irish research
firm says. Davy has an outperform rating on the stock and a 265
pence closing price.
Blancco Technology Benefits From Customer's ESG Focus
1302 GMT - Blancco Technology Group's boosted IT asset
disposition is the biggest surprise upside in the data-erasure and
mobile-device diagnostics company's first-half results, Peel Hunt
says. Blancco's strong ITAD performance comes from companies
looking for sustainable use of IT assets and the enterprise and
mobile operations are also set for positive futures, it says. "We
believe that as ITAD medium-term growth accelerates, enterprise
receives the full benefit of recent partnerships, and mobile cracks
SME segment, there will be more upgrades in the quarters and years
to come, helped by the great operational gearing in the model," the
U.K. brokerage says. Peel Hunt has a buy rating with a 335 pence
target price. Blancco shares trade up 5.6% at 235 pence. (
Carr's Group Looks Robust After Investment
1243 GMT - Carr's Group looks to have adapted well and remains
in a robust position operationally and financially after its prior
and continued investment across the business, Shore Capital says.
The London-listed agriculture and engineering group has a global
and diverse business model, and comfortingly, the agricultural
market looks set to benefit from structural tailwinds in the near
term, Shore says. Carr's is planning a strategic review of its
divisions, and Shore says it will revisit the investment case in
April if the company's operations dramatically change. "We believe
the valuation at present remains fair, thus retain our hold
recommendation at this juncture," the investment group says. Shares
are up 1.1% at 157.5 pence.
Experian Remains a Strategic Play, Shore Says
1234 GMT - Experian remains a strategic asset with strong
guidance for the foreseeable future, but its share price is
currently weak, Shore Capital says. The FTSE 100 credit-reporting
agency has room to grow driven by the increase in critical
data-services demand across the global economy, according to Shore.
The U.K. investment group forecasts FY 2022 EPS will rise to 125.6
pence from 125.0 pence, and keeps a buy rating. Shares are down
1.7% to 3,043.0 pence.
Petra Diamonds Shares Rise After Reporting Improved Debt
1156 GMT - Petra Diamonds is rapidly reducing net debt, showing
that the company is returning to health, Peel Hunt says. Shares in
the diamond producer rose 6.4% after it reported net debt of $154
million as of Dec. 31, which represents a $70 million improvement
since June 30, the brokerage says. First-half revenue was also
better than estimated by Peel Hunt, with all four mines showing
higher-than-anticipated production rates. Petra is a corporate
client of Peel Hunt.
Rio Tinto 4Q Update to Cause Small Earnings Downgrades
1114 GMT - Rio Tinto's production report for the fourth quarter
will result in small downgrades of consensus 2021 earnings, but
will have a limited impact on 2022 forecasts, RBC Capital Markets
says. Overall, the company's operations continue to meander and
mine-capacity issues in iron ore are likely to weigh again in 2022,
RBC says. In addition, the outlook for iron-ore prices remains
challenging, the bank says. "With wider strategic questions and
unresolved situations in Mongolia, Serbia and Guinea, we continue
to prefer other exposures, like Glencore and Anglo American
globally and BHP in Australia.
Energean 2021 Update Was in Line, 2022 Outlook Misses RBC
1112 GMT - Energean's operational and financial figures for 2021
are in line with expectations, RBC Capital Markets says. However,
the outlook for 2022 includes lower production and higher costs
estimates, the bank says. In addition, higher 2022 spending and
conservative production estimates are likely to put pressure on the
oil-and-gas company's valuation. Still, shares rise 6.2% to 973
pence. RBC has an outperform rating on Energean with a 1,050 pence
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(END) Dow Jones Newswires
January 18, 2022 09:35 ET (14:35 GMT)
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