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APRIL 2019
 
 
 
COMPANY NEWS
 

Forbes Ventures (FOR) sold its stake in KCR Residential REIT (KCR) last year. NAV fell from £401,000 to £45,000 at the end of 2018. Forbes still owns a stake in challenger bank Allica Ltd, which was formerly known as Civilised Bank. The focus is investment in technology that improves the efficiency of finance, property and legal businesses.

Ananda Developments (ANA) says that its investee company iCAN Israel Cannabis has raised C$4m from a convertible loan note issue at a premium to Ananda’s investment.

Sativa Investments (SATI) has entered into a research agreement with King’s College London on the impact of cannabinoids on inflammation and respiratory diseases. Sativa will supply specific strains of cannabis.

Brewer Adnams (ADB) increased its revenues last year, but it reported a loss. Beer volumes grew by 2.2% and revenues were 6% ahead at £78.9m. The loss of £877,000 was after £1.77m of pension and property impairment costs. The final dividend is unchanged at 150p per B share. Adnams is optimistic about the proposed government review into small breweries relief – if Adnams paid the same duty rates as small brewers it would save £7m a year.

Walls and Futures REIT (WAFR) outperformed the MSCI UK Residential Property index last year, because it achieved 8.75% growth, compared with 5.2% for the index.

Good Energy (GOOD) increased full year revenues from continuing operations from £104.5m to £116.9m, helped by last winter’s cold weather and a price increase, and pre-tax profit recovered from £700,000 to £1.7m. The renewable electricity supplier and generator has increased its dividend from 3.3p a share to 3.5p a share. Net debt was £40.1m at the end of 2018. Energy supply volumes increased by 3%, but domestic volumes were 1.2% lower in an increasingly competitive market. The growth came in the business side, which increased volumes by 23%. Good Energy generates energy from six solar sites and two wind farms. The company expects to continue to grow business volumes and invest in digital technology. Non-executive director Nemone Wynn-Evans has bought 9,500 shares at 105p each.

NQ Minerals (NQMI) nearly doubled zinc concentrate production at the Hellyer mine in Tasmania to 3,015 DMT in the first quarter of 2019, while lead concentrate production increased by 18% to 4,712 DMT. Pyrite concentrate production jumped by 331% to 18,488 DMT.

SG Recruitment (SGRL) says that trading in the six months to December 2018 trading was in line with expectations and the previous six months period. There was cash of £31,000 and loans of £126,000 from holding company, Gulf Healthcare Holdings Ltd. A further £1.2m can be borrowed from Gulf.

COMPANY PROFILES
 
 

Ashley House plc (ASH) is a leading Extra Care Housing and Health Property Partner working with providers and commissioners in the public, private and community sectors. The Company has 25 years of experience in providing innovative approaches in the resourcing, funding, design and development of flexible and efficient social and community health, care and supported living environments.

 
 
 
 

National Milk Records (NMRP) was incorporated in 1997 having formerly been part of the Milk Marketing Board. The main business of the company involves the collection of milk samples from dairy cows, the recording of data regarding the animals such as milk yields, calving, and dry periods, laboratory analysis focusing on fat content, protein and somatic cell count, and the provision of information to the farmer about the individual animal and the herd. This information is used to assist the farmer in improving the efficiency of milk production.

 
 

KR1 Plc (KR1) is an investment vehicle which will pursue investments in new technology opportunities, particularly in the blockchain sector. The Directors will seek investments for the Company, which they believe will generate material value for shareholders.

 
 
MARCH MARKET STATISTICS
 
 
NEX Group
  Top 5 Traded by Value
  Security Name Ticker Trades Value (GBP) Volume  
  Sativa Investments plc SATI 1,030 3,313,874 51,008,464  
  Cadence Minerals plc KDNC 1,109 1,825,136 735,490,609  
  Shepherd Neame SHEP 100 1,266,641 119,886  
  High Growth Capital plc HASH 147 923,873 157,735,143  
  NQ Minerals plc NQMI 62 321,053 6,577,407  
 
NEX Group
  NEX Exchange Market Overview
  Market Monthly Volumes (trades) Month on Month Change Value Month on Month Value Change Most Active Security  
  Primary 3,187 1,905 11,842,407 5,283,859 Cadence Minerals - 1,109  
  Secondary 50,842 (1,139) 303,061,118 91,421,678 Sirius Minerals Plc - 2,932  
 
NEX Group
 
NEX Group
  Forthcoming Announcements
  Issuer Event Date  
  Valiant Investments plc Final Results 30/04/2019  
  Gunsynd plc Interim Results 30/04/2019  
  WBA Group plc Year End Date 30/04/2019  
 
 
NEX Exchange A NEX Group business. NEX Exchange helps its members reach investors and raise capital.

As well as financial institutions and large corporates, entrepreneurs use NEX to manage their biggest financial challenges. Whether choosing to offer equity or debt products, once admitted onto our stock exchange, small and medium-sized companies have easier access to investors.

Admission is simple and we fully support the transition to a public market environment. For the small and the ambitious, NEX Exchange is more than a source of capital – we are the platform for growth. And for investors, we offer simple access to a diverse range of dynamic companies. 

For more information, go to nexexchange.com
 
NEX Group
 
NEX GROUP: NEX Group plc offers customers better ways to execute trades and manage risk. Our products and services underpin the entire trade lifecycle pre-, during and post-execution. Our electronic trading platforms are industry standards. Customers use our lifecycle management and information services to optimise portfolios, control risk and reduce costs. We partner with emerging technology companies to bring greater efficiency, transparency and scale to the world’s capital markets. NEX is headquartered in London with offices worldwide. NEX. Empowering markets.