Comptoir Group (COM) shares jump 62.79% to 8.75p as full year revenues rise by 66.9%
In its final results for the year to 31 December 2021, Comptoir Group saw revenue rise by 66.9% to £20.7m, up from £12.4m in FY20, whie pre-tax profit rose to £16.9m from £9.8m.
The restaurant business said that since reopening fully in the summer trading has been “highly encouraging”, notwithstanding the impact of the December lockdown restrictions.
Cash generated from operations was £4.7m, up from £2.7m in FY20 reflecting the impact of less closure periods across the year. Cash as at the year-end was £9.9m, up from £7.8m.
Looking ahead, the Board said it believes that the potential for organic growth in both of the company’s Shawa and Comptoir Libanais brands remains through a considered selection process and effective management of successful sites, and through its Franchise partners.
Oxford Metrics (OMG) shares rise 29.94% to 101.5p as it announces sale of Yotta for £52m
The software firm has today announced the sale of its infrastructure asset management division, Yotta, to Causeway Technologies for a total cash consideration of £52.0 million.
Oxford Metrics said the sale will deliver significant value for its shareholders in the near-term and bring with it an increased clarity and focus to the company’s stated five-year growth plan.
This five-year growth plan, which is targeted at growing revenue by 2.5x and returning the business to 15% Adjusted PBT margins by the end of the plan, can now be undertaken with one core technology stack, unlocking greater operational leverage, the firm told investors.
The Company, which has described today’s sale as “an enabler of growth on multiple fronts”, says the proceeds from the sale are expected to increase its near-term financial firepower.
Seed Innovations (SEED) shares tick up 19.69% to 7.6p as Yooma Wellness is reinstated
On Wednesday, the investment vehicle said its investee company Yooma Wellness had been reinstated for trading on the Canadian Securities Exchange ('CSE'), ‘with immediate effect.’
Yooma Wellness is a global vertically integrated wellness platform that develops and markets a portfolio of CBD and wellness brands. SEED Innovations has a holding of 4,427,609 ordinary shares in Yooma representing around 4.4% of Yooma's issued share capital.
I-nexus Global (INX) shares fall 29.17% to 5.1p as revenue declines by 25% in 1H22
I-nexu, which develops cloud-based strategy execution software solutions, saw revenue fall in the six months to 31 March 2022 by 25% to £1.5m compared to £2m in 1H21. During 1H22, recurring revenue also fell to £1.4m when compared with £1.8m reported in the previous year.
Addressing shareholders this morning, the England-based software company attributed the reduction in recurring revenue to “the exceptional level of churn experienced during 2021.”
The group’s expected net retention rate for FY22 has risen to 94% from 73% during financial 2021 as more customers renew their contracts. It says the growth in its customer base and the steady increase in recurring revenues, means it is looking to the future “with confidence.”