The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
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BWP REIT PLC - real estate investment trust - Reports net asset value per share of 71.0 pence at end of March, compared to deficit of 886.3p at end of September. BWP owns the Bridgewater Place, an office-led mixed use property in central Leeds, England. ‘The board’s confidence about the prospects for Bridgewater Place is unchanged since listing, notwithstanding volatile financial markets,’ BWP added.
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MediaZest PLC - Surrey-based audiovisual services firm - Revenue for six months ended March 31 falls 25% to £1.1 million from £1.4 million, which MediaZest puts down to ‘delays to client projects’. Swings to pretax loss of £260,000 from profit of £40,000. ‘The board believes the outlook for the remainder of the financial year is encouraging. Projects delayed from the first half of the year have now commenced and some are completed, and that is expected to be reflected in improving financial results in the second half of the financial year,’ MediaZest says.
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Fandango Holdings PLC - London-based investment company focused on the industrial and services sectors - For the 18 months to February 28, pretax loss amounts to £142,000 and investment income totals £138,000. Fandango had changed year-end date to end of February from August 31. For year ended August 31, 2021, pretax loss amounted to £495,000.
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RentGuarantor Holdings PLC - London-based provider of rent guarantee services in the UK private rental sector - Revenue in 2022 rises 72% to £414,078 from £241,033, while pretax loss narrows to £910,778 from £1.5 million. Company says: ‘The year has not been without its challenges and interest rates have risen rapidly from record lows. Inflation continues to put pressure on household budgets and the marketplace generally. This has caused both landlords and tenants to re-assess their property aspirations but at the same time this has emphasised the need for the company’s services across the property rental sector. We have given considerable attention to the adjustments taking place in the market and have carefully managed the risks to our growth strategy. Our cautious but focused approach holds the business in a strong position to meet the economic and regulatory headwinds faced by tenants and landlords alike.’
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Calculus VCT PLC - venture capital trust - Net asset value per share at February 28 year-end falls 3.3% to 65.63 pence from 67.90p 12 months prior. Proposes 2.95p final dividend, down 3.6% from 3.06p. ‘There has been a strong performance across a broad range of the company’s qualifying investments, which is particularly encouraging given challenging market conditions,’ Calculus VCT says. Looking ahead, it has changed its year-end date to March 31. It will next report half-year results for the period to August 31, then subsequently, audited results for the 13 months ending March 31, 2024.
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Lansdowne Oil & Gas PLC - North Celtic Sea-focused oil and gas company - Pretax loss in 2022 widens to £364,000 from £131,000. Administrative expenses increase to £218,000 from £82,000. Lansdowne in May received a blow related to the Barryroe field in Ireland. Ireland said the Barryroe lease undertaking would not be granted.
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