Advanced coating provider Hardide (LON: HDD) continues to win new orders. A further £1.8m of orders have been placed by an existing North American customer. Profitability is better than expected, helped by operational gearing. Cavendish has increased its pre-tax profit forecast by two-thirds to £2.3m. The share price jumped 29.2% to 31p, which is the […]

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Premier African Minerals (LON: PREM) has completed the second phase of the test runoff the primary flotation plant at the Zulu lithium and tantalum project. It is able to run continuously and has achieved saleable lithium concentrate levels on numerous occasions. Minimum requirements of the offtake. The purchase of the second plant has been delayed. […]

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Eden Research (LON: EDEN) has received regulatory approval for the use of Mevalone for the control of powdery mildew on grapes in California. This is the most prevalent fungal diseases for grapes in California. The addressable market is €94m. The share price is one-fifth ahead at 3.3p. Productivity optimisation software provider ActiveOps (LON: AOM) has […]

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Fishing tackle retailer Angling Direct (LON: ANG) has announced its capital allocation policy details. The share price rose 2.5p to 38.5p. The plan of the AIM-quoted company is to retain a level of cash to cope with the peaks and troughs of trading, while investing in accelerating the UK store roll out. There will also […]

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Fishing tackle retailer Angling Direct (LON: ANG) is highly cash generative and it plans to use its cash pile for acquisitions to accelerate the growth towards the target of £100m of revenues in the UK. There were three stores acquired in the first half, along with two new store openings. Cost pressures are making single […]

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Fishing tackle retailer Angling Direct (LON: ANG) improved European online sales in the second half following the opening of the new distribution centre in the Netherlands. There is still significant potential growth in the UK and Europe. The share price rose 12.3% to 29.2p on the latest results. In the year to January 2023, group […]

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Drug modelling consultancy Physiomics (LON: PYC) has announced a collaboration with Cancer Research UK, which will use the company’s modelling technology for early phase clinical development of ALETA-001. This is a CAR-T cell engager blood cancer treatment candidate. This modelling should be completed by the end of 2022. This follows the recent dose selection contract […]

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Fishing equipment retailer Angling Direct (LON: ANG) increased interim revenues by 1% to £38.9m, but they weakened in the second quarter and management says that full year revenues will be lower than previous guidance of £82m. That will lead to a sharp reduction in expected EBITDA to between £3m and £3.4m. In the six months […]

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Fishing tackle retailer Angling Direct (LON: ANG) managed to beat previously upgraded forecasts for the year to January 2022. There is further growth in the first quarter of the new financial year. The stores were not open until April, while a cyber attack hit online sales for seven days later in the year. Revenues increased […]

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High street sales recovered at fishing tackle retailer Angling Direct (LON: ANG) even though they were closed in the first ten weeks of the first half. The stores did reopen in time to take advantage of the peak season and the interims sparked a one-fifth increase in the full year earnings per share forecast. Angling […]

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Angling Direct PLC (LON:ANG) have seen their shares dip on Tuesday following a profit warning from the firm. The fishing tackle and equipment retailer said that post Christmas trading had been weaker than expected which led to the warning today. Shares in Angling Direct trade at 61p (-10.44%). 18/2/20 10:55BST. The firm said that winter […]

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Investment in growing the business means that fishing tackle retailer Angling Direct (LON:ANG) reported a fall in interim pre-tax profit. That was not a surprise and the benefits of the growth in the retail estate will take time to show through. The first half is the profitable period of the business, but much higher administrative […]

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