If you find this podcast useful please give it a rating and review on iTunes by clicking here
3 Companies Rising on Good News for Wednesday 22nd February 2023
1. Conroy Gold & Natural Resources - 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 - 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 - 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.