Best of the Best (BOTB) shares jump 20.56% to 475p as it beats pre-pandemic figures
Best of the Best said it exceeded pre-pandemic figures for profit and revenue in the year to April 30, prompting it to declare a final dividend of 6.0 pence today, up 20% year-on-year.
The London-based group which operates weekly online raffle competitions has announced a £6.3m tender offer at a price of 600 pence per share, representing up to 11% of the group’s shares and a 52% premium to its middle market closing price of 394 pence on Wednesday.
Since Best of the Best’s recent profitable trading has led to a surplus of cash on its balance sheet. As a result, the company has returned this cash to shareholders via the tender offer.
Alien Metals (UFO) shares rise 14.81% to 0.775p as management team predicts a busy 2022
The London-based mineral exploration company, revealed audited results for the year ended 31 December 2021 - FY21 - today, detailing the company's progress across its projects in Western Australia and Mexico, balance sheet improvement, and ambitious expansion plans.
The company said it is well-financed and expected to have an even busier 2022. On 31 December 2021, Alien had total assets of US$13m (2020: US$9.4m) of which US$6.4m was cash (2020: US$5.4m). Current and total liabilities stand at US$0.8m (2020: US$0.3m).
Tintra (TNT) shares rise 14.29% to 100p as it files another UK patent application
Today, Tintra announced that it has filed a UK patent application to protect intellectual property that it has created as part of its ongoing research and development program.
The company said the new patent was “another piece of the puzzle” as it endeavours to change the way that developed and emerging economies transact with each other.
GB Group (BGB) shares fall 15.28% to 414.6p as profits fall and Chairman steps down
GB Group’s Chairman David Rasche is to step down in September after the company posted annual profit following the purchase of identity verification provider Acuant in November 2021.
While pretax profit in the year ended 31 March 2022 March 31 fell to £21.7m from £34.2m in FY21, revenue also increased to £242.5m from £217.7m. Meanwhile, statutory profit remains down following the company’s recent purchase of Acuant for £555m back in November 2021.
Chairman David Rasche will be replaced by Richard Longdon on 1 September 2022 and Rasche will stay with the board until 30 September 2022 to ensure an orderly transition.