4imprint Group (FOUR) shares ticked up 10.14% to 3,157.5p as markets remain ‘attractive’
In its half-year results for the 26 weeks ended 3 July 2021, 4imprint, a group which markets promotional products, said it remains confident that the Group's markets remain “highly attractive and addressable, and that the core strength of its flexible business model and competitive positioning will allow it to return to its pre-COVID-19 organic growth profile.”
Group revenue in 1H21 was $326.81m, an increase of $61m, or 23% over 1H20 while profit before tax was $3.37m (1H20: $0.03m), resulting in basic earnings per share of 9.12c.
In addition, the continuing cash-generative characteristics of the business model produced a strong cash performance for 1H21. Consequently, the Group remains very well financed, with a cash balance of $52.80m at the 2021 half year (1H20: $37.49m), the firm noted.
PipeHawk (PIP) shares soar 25.93% to 8.5p following ‘considerable improvement’ in trading
In a trading update for 2H21, PipeHawk said unaudited turnover for the period was around £4.1m compared to the unaudited turnover for 1H21 which was reported at £2.6 million.
This ‘considerable improvement back to levels encountered before the current pandemic’, was due to improved trading at QM Systems and Thomson Engineering Design, it said.
Meanwhile, PipeHawk told investors that its order intake at the Group's three principal subsidiaries, QM Systems, Thomson Engineering Design and Adien is “very healthy.”
It said its sales pipeline is strong and that it is now in negotiations with potential landlords its two businesses, QM Systems and Thomson Engineering Design, to relocate them to premises with manufacturing capability in excess of three times the current facilities.
Bluejay Mining (JAY) shares jumped 16.03% to 14.14p as CEO purchases more shares
The exploration and development company which holds projects in Greenland and Finland said today that its CEO, Mr. Bo Moller Stensgaard has purchased 135,000 Ordinary Shares.
Following this, Mr. Stensgaard's total beneficial ownership in the Company is 135,000 Ordinary Shares, which represents c.0.014% of Bluejay’s issued share capital of 971,629,460.
Minds + Machines Group (MMX) shares rose 15.49% to 8.2p as it finalises sale of assets
Shares in MMX rose on Wednesday after the Group completed the sale of its top-level domains (TLDs) and related assets to an affiliate of US domain registry giant GoDaddy.
Today’s news follows a purchase agreement which was agreed upon back in April 2021. At the time, MMX informed investors that it had agreed to sell the majority of its assets and transfer its rights and obligations under contracts and/or government approvals relevant for the operation of the assets to GoDaddy Registry, an affiliate of GoDaddy for $120 million.
Quilter (QLT) shares fell 5.60% to 159.32p despite raising its interim dividend for 1H21
Shares dropped despite Quilter raising its interim dividend amid double-digit growth in profit and revenue which the company said was due to positive equity market movements.
In its half-year results for the six months to 30 June 2021, Quilter reported pre tax profit at £85m, up from £71m in 2020 while revenue rose 6.5% to £357m from £335m in 1H20.
Commenting on the half-year results, CEO, Paul Feeney, said: “With the sale of Quilter International, our results demonstrate good early progress on our more focused, UK-based strategic path and gives a taste of what we know our business can deliver in the future.”
Looking ahead, Quilter told investors that it remains ‘well positioned in an industry with long-term secular growth prospects.’ As a result of its strong performance, Quilter declared a half-year dividend of 1.7 pence per share - that’s up 70% from a dividend of 1.0p in 1H20.