MyHealthChecked (MHC) shares jumped 28.57% to 2.65p amid positive FY21 forecast
In a trading update for the year to 31 December 2021, the consumer home-testing healthcare firm said it had experienced strong trading in 3Q which has delivered ‘further revenue growth, a move into a positive EBITDA position and quarterly cash generation for the first time.’
As a result, the Company said it expects full year profits to exceed the higher end range of current market expectations and for turnover to meet the higher end range of expectations.
The Board said it is now confident that the full year revenues will be around £16m (FY20: £49.5k) and deliver an adjusted EBITDA profit of at least £2.1m (FY20: £2.7m loss).
The Company added that its business will be cash generative for the year and that it expects cash balances to be at least £4.6m at the end of the year compared to £0.47m in 2020.
Challenger Energy (CEG) shares jumped 21.05% to 0.575p as advances restructuring
The Caribbean and Atlantic margin focused oil and gas company announced to investors today that it has ‘largely completed’ a comprehensive balance sheet restructuring process.
The result is that the previously reported total of payables, creditors, liabilities and potential exposures, of approximately $22 million, is expected to be reduced by around 85% by the end of Q1 2022 - with almost none of the residual being at the parent company level, it noted.
“Work is continuing to reduce this even further. Once this process is complete, the balance sheet of the Company will have been substantially repaired,” said CEO, Eytan Uliel.
Blue Star Capital (BLU) shares rose 20.41% to 0.295p as Guild launches FIFA22 tournament
Guild Esports has partnered with Sony’s PlayStation to create a FIFA22 tournament, ‘The Guild Academy Challenge’ which will take place over three days starting from today.
Guild Esports, which is the first UK-listed esports organisation to be chosen by PlayStation as a partner for a tournament of this kind, said the event will be open for participation to all PlayStation 4 FIFA22 players across Europe through the PlayStation online gaming network.
Guild Esport’s Chief Executive, Kal Hourd, said the tournament with Playstation “builds on the success of previous years’ FIFA tournaments which attract thousands of entries each year.”
He commented: “By connecting Guild with PlayStation, we expect to attract a significant number of students to our Guild Academy to support their growth and development.”
Capita (CPI) shares fell 18.23% to 36.84p as COVID-19 continues to impact portfolio
In an update, Capita said it has delivered revenue growth of just under 1% in the 11 months to 30 November 2021 with the decline reflecting ‘previously announced contract attrition,’ it said.
Despite the Company reporting a ‘solid performance’ from most businesses within its portfolio, Capita also said its companies had also seen a slower than expected recovery from Covid.
“This, combined with the anticipated revenue attrition in our Experience division has slowed the overall rate of top line growth this year,” CEO of Capita, Jon Lewis, informed investors.