3 Companies Rising on Good News for Monday 17th April 2023
Episode 1330, Apr 17, 2023, 09:03 AM
3 Companies Rising on Good News for Monday 17th April 2023
1. Surface Transforms #SCE - Preliminary Results and Notice of AGM
Revenues improved 116% to £5.1m (2021: £2.4m)
Loss after taxation was £4.8m (2021: £4.0m)
Cash at 31 December 2022 was £14.9m whilst capital expenditure in the year was £8.3m (2021: £3.9m).
2. Renold #RNO - Trading Update and Notice of Results
The strong momentum in the Company's performance experienced in the first nine months of the Year continued through the final quarter. Revenue for the Year was £247.1m, a year-on-year increase of 26.6% on a reported basis and 18.8% at constant exchange rates.
The Board now expects underlying trading profit and margin for FY23 to be materially ahead of the previous upwardly revised market expectations1.
3. Network Intnl Hldgs #NETW - Statement re Possible Offer
Further to the announcement by Network on 13 April 2023, Network confirms that it has received a non-binding proposal from CVC Advisers Limited and Francisco Partners Management, L.P., regarding a possible cash offer of 387 pence per Network share for the entire issued and to be issued share capital of Network.
1. Surface Transforms #SCE - Preliminary Results and Notice of AGM
Revenues improved 116% to £5.1m (2021: £2.4m)
Loss after taxation was £4.8m (2021: £4.0m)
Cash at 31 December 2022 was £14.9m whilst capital expenditure in the year was £8.3m (2021: £3.9m).
2. Renold #RNO - Trading Update and Notice of Results
The strong momentum in the Company's performance experienced in the first nine months of the Year continued through the final quarter. Revenue for the Year was £247.1m, a year-on-year increase of 26.6% on a reported basis and 18.8% at constant exchange rates.
The Board now expects underlying trading profit and margin for FY23 to be materially ahead of the previous upwardly revised market expectations1.
3. Network Intnl Hldgs #NETW - Statement re Possible Offer
Further to the announcement by Network on 13 April 2023, Network confirms that it has received a non-binding proposal from CVC Advisers Limited and Francisco Partners Management, L.P., regarding a possible cash offer of 387 pence per Network share for the entire issued and to be issued share capital of Network.