3 Companies Rising on Good News for Wednesday 22nd February 2023
Episode 1202, Feb 22, 2023, 09:11 AM
1. Conroy Gold & Natural Resources #CGNR - New Gold Discovery
Conroy Gold and Natural Resources announce the discovery of a new area of gold mineralisation in the Longford-Down Massif in Ireland. Visible (native) gold is present. Quartz breccia samples returned assay results of up to 123.0 g/t gold.
2. Science in Sport #SIS - Pre-Close Trading Update
Against the tough economic and supply chain environment throughout the year, the Group performed broadly in-line with expectations. Group revenue growth of 1.5% to £63.5m (FY2021: £62.7m) was achieved.
Outlook
Management is optimistic about the prospects for 2023. Macro factors including COVID-19 in China and Amazon global inventory reduction are alleviating. Retail in all regions is in line with our expectations for growth, and the UK had a strong start to the year. Margins are strongly improved due to initiatives including the above items, and a second wave of price increases beginning to contribute.
In September the company undertook a Proposed Placing and Strategic Review - read more HERE
3. Sanderson Design #SDG - Major Licensing Agreement with NEXT
Sanderson Design Group announce a major licensing agreement for its Clarke & Clarke brand in which NEXT will hold a master agreement giving exclusive rights to produce a very broad range of Clarke & Clarke homeware products including bedding, towelling, tableware, furniture and lighting.
The agreement includes a five year licence period from product launch in spring/summer 2024 following a year of product development by NEXT.
Licensing income of £2.6 million will be recognised by the Group in the current financial year in connection with the agreement, which covers the UK and Eire.
Conroy Gold and Natural Resources announce the discovery of a new area of gold mineralisation in the Longford-Down Massif in Ireland. Visible (native) gold is present. Quartz breccia samples returned assay results of up to 123.0 g/t gold.
2. Science in Sport #SIS - Pre-Close Trading Update
Against the tough economic and supply chain environment throughout the year, the Group performed broadly in-line with expectations. Group revenue growth of 1.5% to £63.5m (FY2021: £62.7m) was achieved.
Outlook
Management is optimistic about the prospects for 2023. Macro factors including COVID-19 in China and Amazon global inventory reduction are alleviating. Retail in all regions is in line with our expectations for growth, and the UK had a strong start to the year. Margins are strongly improved due to initiatives including the above items, and a second wave of price increases beginning to contribute.
In September the company undertook a Proposed Placing and Strategic Review - read more HERE
3. Sanderson Design #SDG - Major Licensing Agreement with NEXT
Sanderson Design Group announce a major licensing agreement for its Clarke & Clarke brand in which NEXT will hold a master agreement giving exclusive rights to produce a very broad range of Clarke & Clarke homeware products including bedding, towelling, tableware, furniture and lighting.
The agreement includes a five year licence period from product launch in spring/summer 2024 following a year of product development by NEXT.
Licensing income of £2.6 million will be recognised by the Group in the current financial year in connection with the agreement, which covers the UK and Eire.