Temporary Changes in AIM Regulations and Earnings Updates of Three Stocks: SCHO, JSE and ANCR

  • May 28, 2020 BST
  • Team Kalkine
Temporary Changes in AIM Regulations and Earnings Updates of Three Stocks: SCHO, JSE and ANCR

The Alternative Investment Market was established in the year 1995 by the London Stock Exchange to create exclusive trading space for growth-oriented and small and medium-sized businesses to enter into the capital markets and support the Main Market. Presently, Alternative Investment Market has one thousand companies, which includes 650 companies from the United Kingdom, and 350 companies are from different other countries, which includes 47 operating from the United States. Since 1995, £100 billion has been raised on London's AIM platform, around £42 billion in AIM Initial Public offerings and around £58 billion in AIM Secondary offerings. Amid the outbreak of Coronavirus, the AIM Regulation came up with interim measures to support companies for applying preference to the application of some of the AIM regulations for companies as well as nominated advisers. As per the temporary measures announced, in present circumstances, if more time than normal is needed by an AIM company to make a fully compatible announcement, the appointed adviser should contact AIM Regulation to talk about whether a temporary suspension is required. Regarding advisors, it was stated that generally they are required to visit the company’s material place of operations and meet the top officials, AIM Regulations temporarily suspended the necessity for physical site visits, but once lockdown restriction measures are lifted they are be expected to undertake the site visit. At the time of writing, the FTSE AIM ALL-share is trading at 872.20 points, up by 19.98 per cent as compared to the prior day close.

Today we are going to discuss earnings of three Alternative Investment Market listed stocks, i.e. Scholium Group Plc, Jadestone Energy Inc. and Animalcare Group Plc.  

Overview of Scholium Group Plc

Scholium Group Plc (LON: SCHO) is the holding company for a group of businesses, related to retail and trade of exceptional book, fine art and work on paper. The company has three brands, i.e. Shapero rare books, Mayfair Philatelics and Scholium Trading. The company’s Shapero Rare Books brand was incorporated in the year 1979. The Scholium Trading brand trades and acquires in the bigger market infrequent and collectable goods. 

SCHO – Trading Updates

On 28th May 2020, the company released a trading update for the one-year period ended 31st March 2020.

·   As per the company information, the trading of the group was impacted severely due to coronavirus lockdown globally in March 2020.

·   The company still expects only a slight loss for the six months to 31st March 2020, versus the profit of £64,000 for the six months ended 30th September 2019.

·   For the year ended to 31st March 2020, the company anticipates having traded gainfully, which is a notable advancement versus small loss for the prior year.

·   The group entered into the lockdown with a comfortable and robust position with more than £8 million of stock and more than £280K of cash and with no borrowings.

·   During the year, the performance of its three businesses, i.e. Scholium Trading, Shapero Rare Books, and Mayfair Philatelics performed well as compared to the last year.

·   The retail locations of the company are anticipated to restart in the middle of June 2020.

·   The company is expected to publish its preliminary statement at the end of August 2020. 

SCHO – Share Price Performance

 

(Source: Thomson Reuters)

On 28th May 2020, the stock of Scholium Group Plc last traded at GBX 28.00, same as of the previous day’s closing price. The share outstanding of the company have been reported 13.60 million, respectively. The beta was reported at 0.86, which shows the lower volatility of the stock versus the benchmark.

Overview of Jadestone Energy Inc.

Jadestone Energy Inc. (LON: JSE) is one of the prominent upstream gas and oil company in the Asia pacific location. The company concentrates on the manufacture and near-term growth assets. The company is quoted at the Alternative Investment Market of the London Stock Exchange. The company is headquartered in Singapore, and it has its main technical group in Kuala Lumpur with operational offices in Ho Chi Minh, Jakarta and Perth city.

JSE – Financial Highlights

On 28th May 2020, the company declared the three-month results for the period ending 31st March 2020.

·   The Net revenue decreased by 19 per cent in the first quarter of the year 2020 to US$74.2 million as compared to Q4 2019. In contrast, it was an improvement of 32 per cent as compared to Q1 2019.

·   The company’s costs of production were reported at US$26.5 million for Q1 2020, which excludes non-recurring expenses & workovers, reasonably stable compared to Q4 2019. The costs of production decreased by US$1.9 million from Q1 2019.

·   The company completed a 3D seismic acquisition all through the Montara area during the first quarter of the year 2020. Also, the acquisition of Maari as per schedule is expected to get completed in the second half of the year 2020.

·   The company’s planned expenditure reduced by 80 per cent to US$30-35 million during the first quarter of the year 2020.

·   The Net cash of the company as at 31st March 2020 increased to US$72.1 million as compared to US$39.3 million at 31st December 2019.

·   Adjusted EBITDAX decreased by 48 per cent to US$30.9 million in the first quarter of the year 2020 as compared to the fourth quarter of the year 2019. However, it was up by 34 per cent as compared to Q1 2019.

·   As at 31st March 2020, the Gross cash and bank balances was reported at US$119.4 million, versus US$99.4 million as at 31st December 2019.

JSE – Share Price Performance

 

(Source: Thomson Reuters)

On 28th May 2020, the stock of Jadestone Energy Incorporation is trading at GBX 55.98, higher by 8.70 per cent or 4.48 points as compared to the previous day closing price of GBX 51.50. The average traded volume and share outstanding of the company have been reported at 585.41K and 461.04 million, respectively. As on 28th May 2020, the Market Capitalisation of the company is reported to be at GBP 237.44 million.

Overview of Animalcare Group Plc

Animalcare Group Plc (LON: ANCR) is the sustainable group dedicated to leading in animal health by pioneering and reliable products and facilities to help the veterinary profession. The company operates in seven nations, and it has a direct commercial presence in European countries, with products being sold in 32 markets.

ANCR – Financial Highlights

On 28th May 2020, the company declared its unaudited full-year results for the year ended 31st December 2019.

·   Revenue for the year decreased by 1.9 per cent at £71.1 million (2018: £72.5 million). The company's Revenue got impacted mainly due to supply challenges.

·   Underlying EBITDA increased by 11.3 per cent to £13.1 million during the FY2019 (2018: £11.8 million).

·   The company's underlying cash conversion improved significantly to 118.4 per cent during the FY2019 (2018: 79.9 per cent).

·   Net debt decreased by £7.7 million to £15.9 million during the FY2019. Net debt to underlying EBITDA leverage ratio decreased to 1.4 times during the FY2019 (2018: 2.0 times). 

·   Recently announced Companion Animal products delivered the sales of £1.5 million during the year 2019. Four product introductions in 2019 are anticipated to show sales growth in the year 2020.

·   On 25th March 2020, the company announced that dividend payment would be postponed to support the financial strength of the company by preserving around £1.4 million in cash.

ANCR – Share Price Performance

 

(Source: Thomson Reuters)

On 28th May 2020, the stock of Animalcare Group Plc last traded at GBX 170.55, higher by 0.32 per cent or 0.551 points as compared to the previous day’s closing price of GBX 170.00. The average traded volume and share outstanding of the company have been reported at 5.34K and 60.06 million, respectively. The beta was reported at 0.59, which shows the lower volatility of the stock versus the benchmark.

 

·   As per the company information, the trading of the group was impacted severely due to coronavirus lockdown globally in March 2020.

·   The company still expects only a slight loss for the six months to 31st March 2020, versus the profit of £64,000 for the six months ended 30th September 2019.

·   For the year ended to 31st March 2020, the company anticipates having traded gainfully, which is a notable advancement versus small loss for the prior year.

·   The group entered into the lockdown with a comfortable and robust position with more than £8 million of stock and more than £280K of cash and with no borrowings.

·   During the year, the performance of its three businesses, i.e. Scholium Trading, Shapero Rare Books, and Mayfair Philatelics performed well as compared to the last year.

·   The retail locations of the company are anticipated to restart in the middle of June 2020.

·   The company is expected to publish its preliminary statement at the end of August 2020. 

SCHO – Share Price Performance

 

(Source: Thomson Reuters)

On 28th May 2020, the stock of Scholium Group Plc last traded at GBX 28.00, same as of the previous day’s closing price. The share outstanding of the company have been reported 13.60 million, respectively. The beta was reported at 0.86, which shows the lower volatility of the stock versus the benchmark.

Overview of Jadestone Energy Inc.

Jadestone Energy Inc. (LON: JSE) is one of the prominent upstream gas and oil company in the Asia pacific location. The company concentrates on the manufacture and near-term growth assets. The company is quoted at the Alternative Investment Market of the London Stock Exchange. The company is headquartered in Singapore, and it has its main technical group in Kuala Lumpur with operational offices in Ho Chi Minh, Jakarta and Perth city.

JSE – Financial Highlights

On 28th May 2020, the company declared the three-month results for the period ending 31st March 2020.

·   The Net revenue decreased by 19 per cent in the first quarter of the year 2020 to US$74.2 million as compared to Q4 2019. In contrast, it was an improvement of 32 per cent as compared to Q1 2019.

·   The company’s costs of production were reported at US$26.5 million for Q1 2020, which excludes non-recurring expenses & workovers, reasonably stable compared to Q4 2019. The costs of production decreased by US$1.9 million from Q1 2019.

·   The company completed a 3D seismic acquisition all through the Montara area during the first quarter of the year 2020. Also, the acquisition of Maari as per schedule is expected to get completed in the second half of the year 2020.

·   The company’s planned expenditure reduced by 80 per cent to US$30-35 million during the first quarter of the year 2020.

·   The Net cash of the company as at 31st March 2020 increased to US$72.1 million as compared to US$39.3 million at 31st December 2019.

·   Adjusted EBITDAX decreased by 48 per cent to US$30.9 million in the first quarter of the year 2020 as compared to the fourth quarter of the year 2019. However, it was up by 34 per cent as compared to Q1 2019.

·   As at 31st March 2020, the Gross cash and bank balances was reported at US$119.4 million, versus US$99.4 million as at 31st December 2019.

JSE – Share Price Performance

 

(Source: Thomson Reuters)

On 28th May 2020, the stock of Jadestone Energy Incorporation is trading at GBX 55.98, higher by 8.70 per cent or 4.48 points as compared to the previous day closing price of GBX 51.50. The average traded volume and share outstanding of the company have been reported at 585.41K and 461.04 million, respectively. As on 28th May 2020, the Market Capitalisation of the company is reported to be at GBP 237.44 million.

Overview of Animalcare Group Plc

Animalcare Group Plc (LON: ANCR) is the sustainable group dedicated to leading in animal health by pioneering and reliable products and facilities to help the veterinary profession. The company operates in seven nations, and it has a direct commercial presence in European countries, with products being sold in 32 markets.

ANCR – Financial Highlights

On 28th May 2020, the company declared its unaudited full-year results for the year ended 31st December 2019.

·   Revenue for the year decreased by 1.9 per cent at £71.1 million (2018: £72.5 million). The company's Revenue got impacted mainly due to supply challenges.

·   Underlying EBITDA increased by 11.3 per cent to £13.1 million during the FY2019 (2018: £11.8 million).

·   The company's underlying cash conversion improved significantly to 118.4 per cent during the FY2019 (2018: 79.9 per cent).

·   Net debt decreased by £7.7 million to £15.9 million during the FY2019. Net debt to underlying EBITDA leverage ratio decreased to 1.4 times during the FY2019 (2018: 2.0 times). 

·   Recently announced Companion Animal products delivered the sales of £1.5 million during the year 2019. Four product introductions in 2019 are anticipated to show sales growth in the year 2020.

·   On 25th March 2020, the company announced that dividend payment would be postponed to support the financial strength of the company by preserving around £1.4 million in cash.

ANCR – Share Price Performance

 

(Source: Thomson Reuters)

On 28th May 2020, the stock of Animalcare Group Plc last traded at GBX 170.55, higher by 0.32 per cent or 0.551 points as compared to the previous day’s closing price of GBX 170.00. The average traded volume and share outstanding of the company have been reported at 5.34K and 60.06 million, respectively. The beta was reported at 0.59, which shows the lower volatility of the stock versus the benchmark.

 

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