Trainline (TRN) shares ticked up 4.62% to 301p after reporting record ticket sales
Shares in the independent rail and coach travel platform have continued to see relief over the past two weeks, with shares gaining nearly 11% in value since early June. On Thursday, Trainline said ticket sales in 1Q22 had reached their highest level since the pandemic began, including UK consumer sales at 70% and international sales at 73% of FY20 levels.
In particular, UK Consumer net ticket sales significantly outperformed the wider market, increasing 269% year-on-year and improving week-over-week throughout 1Q22, with more tickets sold as the company exited the quarter than the same period two years ago, it said.
Mercantile Ports (MPL) shares soared 28.45% to 0.745p as it secures multi-year contract
The Group, which operates and develops its port and logistics facility in Navi Mumbai, Maharashtra, India, announced that it has secured a new multi-year contract with Esquire Shipping and Trading, a cargo logistics solutions provider based in Mumbai; and Sai Om Petro Specialties, a Mumbai-based firm engaged in the business of bulk cargo handling.
The Contract, which covers an initial period of ten years and is extendable by a further five years, will offer revenue of approximately £7 million over the next three-year-period.
Ilika (IKA) shares jumped 21.15% to 157.5p as trading comes in line with expectations
On Monday, the Company released a trading update in which it stated that its trading performance for the year ended 30 April 2021 was in line with management expectations.
The Company told investors that it expects to announce revenues of approximately £2.3m (2020: £2.8m), share based payment adjusted EBITDA loss of £2.3m (2020: £2.1m). The Group said cash and cash equivalents at the period end were £9.8m (30 April 2019: £14.8m).
CEO, Graeme Purdy, said: "The past year has been significant in advancing our strategy of commercialisation of our StereaxÒ batteries and development of our Goliath batteries.”
Touchstar (TST) shares rose 13.79% to 82.5p as performance exceeds expectations to date
In an AGM statement released today, Touchstar said ‘encouraging trends’ observed across its business have continued with its annual performance having exceeded expectations to date.
In particular, the Company said its order book is ‘building back’ - the book has increased by over 50% since the year end and now currently stands at over £0.750m.The Group added that it expects a strong first half performance to, at a minimum, underpin its full year results.
Sirius Real Estate (SRE) shares fell 2.65% to 110.3p despite steady rise
While the Stock was down slightly this afternoon, shares have mostly continued to rise steadily. Last Thursday, Sirius confirmed that it had bolstered its bond issuance by pricing a further €50m of corporate bonds to its previously announced €350m bonds notes due in 2026.
At the time, it said the increased volume of notes, at an annual interest rate of 1.125%, follows ‘the strong demand for the initial corporate bond issuance, which was heavily oversubscribed.’
The total €400m raised last week, as previously specified, will be used in part to refinance certain existing secured debt facilities, with the remainder to be deployed towards the significant pipeline of potential acquisitions, as well as general corporate purposes.