Airline and tour operator Jet2 (LON: JET2) more than trebled revenues in the year to March 2022, but the loss from continuing operations also increased from £369.9m to £388.8m. Seat capacity increased from 2 million to 7.1 million and average load factor edged up from 66% to 69.2%. The company’s own cash is £1.08bn. The prospects for this year depend on the aviation sector returning to a level of stability, as well as future bookings. The shares fell 12.8% to 776.2p.
Simec Atlantis Energy Ltd (LON: SAE) has secured a contract for difference for the MeyGen tidal energy site in Scotland that guarantees £178.54/MWh for 15 years. This covers 28MW of power in Scotland. The full project can generate much more than this. This has helped the share price recover most of its losses in the past few weeks. The share price jumped 83.1% to 2.3p. Last week, bondholders voted to defer interest payments due on 30 June. The total payments of £350,000 are deferred until September.
Diagnostics company Novacyt (LON: NVCT) reported a slump in interim revenues from £52.2m to £16.5m – non-Covid revenues fell from £4.8m to £3.5m. Full year revenue expectations have been reduced to £25m – from £35m-£45m – and it will move back into loss. Costs are being reduced and they should reach an annualised level of £17m by the end of the year. There is still £99.6m in the bank. The share price slumped 24.9% to 111.75p, although it is above its low for the day.
In-game brand advertising technology company Bidstack (LON: BIDS) increased interim revenues from £820,000 to £2.1m and gross margins are improving. Revenues from the Azerion media sales partnership are building up. New advertising standards could make media buyers more confident about purchasing in-game advertising. The shares are 14% higher at 2.85p.
Symphony Environmental (LON: SYM) has received new orders for its d2p anti-insect technology from Rivulis, which makes drip irrigation products. The orders are worth more than $340,000. Rivulis has placed smaller orders in the past. This is for a range of irrigation pipes for farmers. This follows last week’s agreement with bread maker Bimbo. Symphony could breakeven this year. The shares rose a further 8.6% to 19p.
Radiation and bio-detection technology developer Kromek (LON: KMK) has secured a distribution agreement with Smiths Detection Inc for its wearable radiation detection and identification products in North and South America. This boosted the share price by 7.8% to 9.975p.
Ex-dividends
Polar Capital (LON: POLR) is paying a 32p a share final dividend and the share price fell 29p to 481p.
Camellia (LON: CAM) is paying a 102p a share final dividend and the share price fell 25p to 6175p.
Concurrent Technologies (LON: CNC) is paying a 1.4p a share final dividend and the share price fell 3p to 75p.
James Cropper (LON: CRPR) is paying a 7.5p a share final dividend and the share price fell 40p to 895p.
Lift services and electrical components manufacturer Dewhurst (LON: DWHT) is paying a 4.5p a share interim dividend and the share price is unchanged at 1075p.
Next Fifteen Communications (LON: NFC) is paying a 8.4p a share final dividend and the share price fell 10.5p to 922.5p.
Premier Miton (LON: PMI) is paying a 3.7p a share interim dividend and the share price fell 4p to 117.5p.
Tavistock Investments (LON: TAVI) is paying a 0.07p a share dividend and the share price is unchanged at 8.625p.
