888 Holdings (888) shares ticked up 3.97% to 366.25p following 52% revenue rise
Shares in the online betting and gaming firm ticked up today with the release of the group’s investor presentation in relation to its results for the 12 months ended 31 December 2020.
The Group posted its full year results on Thursday in which it hailed record revenue and profits driven 'by its strategy and expansion' across regulated markets.
In particular, group revenue increased by 52% to $849.7 million (2019: $560.3 million) while the Board highlighted its confidence that 888 will deliver full year revenue growth in 2021.
As a result of its strong trading, the company informed investors that it would pay a final total dividend per share of 18 cents for 2020, compared with 6 cents in the previous year.
Futura Medical (FUM) shares soared 60.87% to 74p as it receives minutes with US FDA
Shares in the pharmaceutical firm soared today after the group received official minutes from the US FDA for MED3000, its clinically proven treatment for erectile dysfunction ("ED").
The minutes signify an agreement between the US FDA and Futura on the detailed clinical study design (protocol) for the small confirmatory clinical study, named FM71, to be conducted prior to formal regulatory submission of MED3000 as a DeNovo Medical Device.
The company told investors that detailed planning for the commencement of the FM71 clinical study has now begun, with the first patient dosing expected in the second half of 2021.
Today's announcement follows the company’s most recent news that the EU notified body is to certify MED3000 as a Class 2B approved medical device which will make the gel the first pan-European topical treatment for erectile dysfunction ("ED") available without the need of a doctor's prescription.
88 Energy (88E) shares jumped 26.13% to 1.4p following $6.48m raise
Shares in 88 Energy soared on Monday after the group raised $6.48 million at a 225% premium to a prior placing as it continues to advance the Merlin-1 exploration well in Alaska.
The Alaskan-focused explorer said it has entered into a share subscription deal with ELKO International, one of the major contractors for the current drilling operations at Merlin-1.
The group said ELKO is buying 360 million new shares at a price of $0.018 cents a share, a price marked at a 225% premium to a prior placing undertaken by 88E back in February 2021.
Today’s fundraising occurs as Merlin-1 is drilled down towards its primary Nanushuk targets. To date, the Merlin-1 surface hole has been successfully drilled to 1,512 feet, as planned.
Commenting on today’s raise, Managing Director, Dave Wall, stated that, "The endorsement of the project by ELKO as we enter the critical phase of the drilling is encouraging and will serve to fund the Company's share of the recently announced cost overruns.”
EQTEC (EQT) shares rose 21.05% to 2.3p as the group hails ‘considerable growth’
Today, the gasification technology solutions company released a trading update in which it stated that it has experienced considerable growth in its non-contracted project pipeline, especially in Europe, with notable, new interest from Asia, the Middle East and Australia.
Since the announcement of the company’s interim results back in September 2020, it said the number of opportunities has grown from 41 to 75 - that’s an increase of 83% over six months.
Looking ahead, the company told investors that revenue for the financial year ending 31 December 2020 is expected to be 'broadly in line' with market expectations, while it also expects to report a loss not lower than €4 million before any potential one-off adjustments.
The Group said it is targeting ‘considerable, contracted sales growth’ from 6 - 8 projects across Europe in 2021, including new technology collaborations and the Company's biggest project yet, the RDF-to-energy facility at Billingham, UK, which is valued in excess of €30m in engineering and technology sales to the Group over the construction phase of the project.
Hammerson (HMSO) shares dip again by 9.03% to 31.82p following loss
Shares in the European property company were down again on Monday afternoon despite having shares in the group having risen by over 66% in value since the start of the month.
The group recently posted a massive £1.73bn loss for 2020 compared to a previous loss of £779m in 2019 after the value of the group’s properties fell and rental income plummeted.
Shares in the company ticked up last week after it unveiled its plans to convert a former flagship Debenhams in Leicester 300 residential units, all of which will be available for rent.
“External factors are key to recovering from the pandemic, with the effective delivery of vaccination programmes the main focus. Nonetheless, the retail and investment markets will take time to recover as restrictions are lifted,” the group told investors in its outlook.