Aquis Stock Exchange Weekly Highlights 20/10/23
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Published:
October 20, 2023
Most recent
Inteliqo Limited announced its unaudited interim results for the 6-month period ended 30 September 2023. In the chairman’s report, Joseph Truelove commented “The Group is now operating profitably, with positive cash flows and this promising result aligns with our commitment to delivering value to our shareholders. Looking ahead, we are optimistic about the Group's prospects. The Langaroo App is now generating sales from its Beta launch and Full Application is scheduled for release early in Q1 2024. Coupled with the recent attainment of Exclusive Reseller Agreements for Ipedia, we are confident that the Company will operate profitably this year.”
S-Ventures Plc announced it has commenced a fundraising process intended to raise no less than £2.5m (before expenses) and provided an update on trading. The company states that total gross revenues for the year ended 30 September 2023 are expected to be at least £16.9m (compared to £8.6m in 2022) after Juvela's contribution of £6.9m which was acquired in December 2022, net debt as at 30 September 2023 is expected to be approximately £6.8m including a Director's loan of £600,000 and that, subject to audit, early indications are that EBITDA should be in excess of £500,000. S-Ventures highlight that this represents a considerable turnaround from the losses of its first 2 years' trading. The final audited figures will include an impairment review.
Arbuthnot Banking Group PLC provides the following update regarding the trading performance of the Group for the three months ending 30 September 2023.
Highlights
• Bank of England base rate rises continue to contribute to increased revenue.
• Deposit pricing increases expected to stabilise in 2024 as maturing deposits are renewed.
• Customer deposit balance grew by 7% over the period, reaching £3.5bn.
• Specialist divisions generating planned balance sheet growth.
• The completion of lease for new Head Office premises.
Highlights
• Bank of England base rate rises continue to contribute to increased revenue.
• Deposit pricing increases expected to stabilise in 2024 as maturing deposits are renewed.
• Customer deposit balance grew by 7% over the period, reaching £3.5bn.
• Specialist divisions generating planned balance sheet growth.
• The completion of lease for new Head Office premises.