AIM 100 News In Brief

6th April 2018

For this weeks AIM 100 News In Brief, we take a look at Alliance Pharma, Time Out Group, Fever Tree, Pan African Resources, Faroe Petroleum Victoria PLC and Next Fifteen Communications.

ALLIANCE PHARMA (LON:APH)

The international specialty pharma business has licenses to over 90 products which sell in over 100 countries. Final results released on 27th March show a 6% increase in revenues with pre-tax profit up 28% to £28.4m. Strong portofolio-performers were their scar reduction brand Kelo-Cote, along with Macushield, their macular pigment supplement.

TIME OUT GROUP PLC (LON:TMO)

Media and entertainments business Time Out have reported an increased cash burn rate with an operating loss of £24.6m for the full year to 31 December.  They closed the year with a cash balance of £28.8 m versus £50.1m in 2016. The group have seen a 77% increase in monthly visitor numbers, now at 242m. Perhaps a good case study, as they attribute much of this to a more active video content strategy on Facebook.

PAN AFRICAN RESOURCES (LON:PAF)

The revenue producing, South African Gold miner have reported  projected gold and mineral production increases of 23% and 100% repectively –   in their Barberton Mines for the second half of 2018.

Fever Tree (LON:FEVR)

David Adams has stepped down as a Non-Executive Director from on-trend drinks business Fever Tree. The move was forced due to his association with beleaguered Conviviality Plc, where he sat as Chairman.

Faroe Petroleum (LON:OMHP)

DNO ASA, the Norwegian oil and gas operator, today announced that it has agreed to acquire 15.37 percent of the share capital of Faroe Petroleum plc from Delek Group Ltd. DNO re-entered the North Sea upstream sector in 2017, having spent 6 years concentrating on operations in the Middle East.

Faroe have also announced significant discoveries in two of their prospects (Hades and Iris), located in the Norwegian Sea.

Amerisur Resources Plc (LON:AMER)

The company has made its first complete tanker loading from Esmeraldas port in Ecuador loading 350,000 bo aboard, which was sold to Shell for approximately US$21mm. The company was previously sharing cargoes with other exporters, so a significant step.

Victoria PLC (LON:VCP)

Floor manufacturer Victoria PLC have announced that revenue and underlying profit are expected to be ahead of market expectations for the 5th year running. The company have gained market share and benefitted from the rationalisation programme in UK manufacturing facilities.

Next Fifteen Communications Group plc (LON:NFC)

Revenue and profit before tax are up 15% and 21% respectively. The digital communications group released final results on Wednesday, pointing to strong organic growth and well executed acquisitions which boosted performance in the second half of the year. Net cash generated from operations decreased 12%, impacted by a small outflow in working capital, which reflected the groups growth and exceptional performance in the prior period.