The FTSE AIM Index Series was created in combination with the London Stock Exchange with regards to progress in liquidity, spreading the variety of available investment prospects. The FTSE AIM Index series includes FTSE AIM All-Share Index, FTSE AIM UK 50 Index and FTSE AIM 100 Index.

On Friday, May 29, the FTSE AIM All-Share Index closed in red at 875.33 points, down 0.03 points. During the last five months, the FTSE AIM All-Share Index had fallen drastically to as low as 589.63 points on March 18, 2020 amid the lockdown announcement steering through the entire United Kingdom. However, the index has gained strength thereafter to trade above that level with many ups and down in the market. Today we are going to discuss earnings of three Alternative Investment Market listed stocks, i.e. Benchmark Holdings PLC, DeepMatter Group PLC & Volvere PLC

Benchmark Holdings PLC (LON: BMK)

Overview of the Company

Benchmark Holdings Plc creates products and solutions in genetics, fitness and nutrition designed to improve the animal health, performance, and reduce environmental impact on the aquaculture manufacturing cycle. The company holds 240 product patents and operates across 24 nations in the world.

BMK – Financial Highlights

Benchmark Holding released its second quarter result on Friday. It brings forward the overall performance of the company in the six months ended 31 March 2020.

  • In February 2020, £42 million of net proceeds raised through placing an open offer to fund the scale-up of CleanTreat®, necessary for the commercialization of BMK08 and working capital purposes.
  • For the six months ended 31st March 2020, Net debt decreased to £55.8 million (30th September 2019: £87.1 million; 31st March 2019: £65.5 million).
  • Group revenue from continuing operations decreased to £57.0 million during the six months ended 31st March 2020 (H1 2019: £67.4 million).
  • Adjusted EBITDA from continuing operations which is used by management as the primary measure of financial performance decreased to £2.8 million (H1 2019: £7.3 million).
  • The loss increased to £18.8 million during the six months ended 31st March 2020 (H1 2019: £9.1 million). Loss per share rose to 3.25 pence (H1 2019: 1.71 pence).
  • Operating costs from continuing operations decreased by 2.1 per cent to £12.5 million in the second quarter of the year 2020 as compared to the previous corresponding period.
  • Net finance costs reported to £11.9 million in the second quarter of the year 2020 (Q2 2019: net finance income £0.4 million). Interest expense increased to £1.7 million in Q2 2020 (Q2 2019: £1.2 million) due to the advanced level of borrowings and improved borrowing rate after the refinancing in June 2019.
  • As at 31st March 2020, the company’s net assets decreased marginally to £306.6 million (30th September 2019: £310.5 million).

BMK – Share Price Performance

(Source: Thomson Reuters)

On 29th May 2020 at around 03:03 PM GMT, the stock of Benchmark Holdings Plc was trading at GBX 30.50, increased by 1.67 per cent or 0.50 points as compared to the previous day closing price of GBX 30.0. However, the stock ended the day at GBX 30.00, reflecting no change from the previous close.

The company has a market capitalisation of GBP 200.29 million with the share outstanding of 667.62 million as at the end of last trading session on 29 May 2020. The beta was reported at 0.94, which shows lower volatility of the stock compared to the benchmark.

DeepMatter Group PLC (LON: DMTR)

Overview of the Company

DeepMatter Group Plc is an analytics and big data company listed on AIM, London Stock Exchange. The company has created Digital Glassware, a platform which concentrated on allowing reproducibility in chemistry. It aims to continue developing this software to provide applications resulting in new optimized chemicals, materials and formulations in substantial areas such as medical research, scientific publications, fine chemicals, and education.

DMTR – Financial Highlights

On 29 May 2020, the company declared final results for the year ended 31st December 2019.

  • First revenue was reported to £1.2 million (2018: Zero) for FY2019, which consists of Digital Glassware revenue and income after the acquisition of InfoChem GmbH.
  • In March 2019, the company accomplished the acquisition of InfoChem, which is an expert in cheminformatics, from international publisher Springer-Verlag GmbH.
  • Loss from continuing operations after tax increased to £3.02 million in the FY2019 (2018: loss of £1.81 million).
  • As at 31st December 2019, the cash of the company increased by more than 100 per cent to £2.6 million as compared to £1.1 million as at 31st December 2018.
  • As at 31st December 2019, the Net Assets of the company increased to £9.10 million as compared to £6.20 million as at 31st December 2018.
  • As at 31st December 2019, lease liabilities of the company grew to £61K as compared to zero as at 31st December 2018.
  • As at 31st December 2019, deferred tax of the company increased to £341K as compared to zero as at 31st December 2018.
  • The company believes that the insecurity caused by the novel coronavirus condition would have an impact on the length of contract discussions in the short-term. The company further confirmed that the Group's technology is substantial and longstanding.
  • The Group reported an earning per-share loss of 0.42 pence (2018: loss of 0.35 pence) per share, which is consistent with management's expectations.

DMTR – Share Price Performance

(Source: Thomson Reuters)

On 29th May 2020 at around 02:27 PM GMT, the stock of DeepMatter Group Plc was trading at GBX 2.22, lower by 7.50 per cent or 0.18 points as compared to the previous day closing price of GBX 2.40. But nearing the end of the day-trading session, the stock witnessed bullish market sentiments to close at GBX 2.45, up 2.08 per cent or GBX 0.05.

The share outstanding of the company have been reported to 736.53 million and the market capitalisation is reported to at GBP 18.05 million as on 29th May 2020. The beta was reported at 1.33, reflecting higher volatility of the stock compared to the benchmark.

Volvere Plc (LON: VLE)

Overview of the Company

Volvere PLC is an industrial holding company that operates in financial services sector. It invests in or acquires companies which are looking out for growth capital. The company also purchases the businesses matching to its present portfolio or sector where the company has professional awareness. The company quoted in FTSE AIM All-Share index and FTSE AIM All-Share - Financial Services Industry on the London Stock Exchange.

VLE – Financial Highlights

Volvere declared final results for the year ended 31 December 2019 on Friday, May 29.

  • The company achieved excellent performance from Shire Foods, i.e. the Group's food production business, which attained revenue and profit before tax of £23.04 million (2018: £18.34 million) and £1.38 million (2018: £0.85 million), respectively.
  • Positive departure with the disposal of Sira Defence & Security for £3 million during the year 2019.
  • Group net assets decreased to £27.0 million at the year-end (2018: £40.4 million) mainly due to treasury share purchase, as reported by the company.
  • During the year 2019, the company acquired ~1.28 million (2018: 550.3K) of its own shares, which were held in treasury, at a total consideration of £16.51 million (2018: £6.09 million).
  • The total basic and diluted earnings per ordinary share decreased to 122.2 pence during the FY2019 (2018: 586.2 pence).
  • The Group's net finance income reported to £0.06 million during the FY2019 (2018: £0.06 million).
  • The company reported that the Board is not recommending the payment of a dividend for FY2019 as it prefers to retain such profits for investment in future opportunities. However, its food production business unit, Shire, paid a dividend of which third party shareholders received £0.1 million.

VLE – Share Price Performance

(Source: Thomson Reuters)

The stock of Volvere Plc last traded at GBX 1,460, up 6.18 per cent, on 29 May 2020 compared to the previous day closing price of GBX 1,375.0.

The share outstanding of the company have been reported to 1.83 million with the market capitalisation of GBP 26.78 million as at the end of last trading session on 29th May 2020.

 

 


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