8 March 2021 | 08:03am
StockMarketWire.com - Payments group PCI-PAL booked a full-year loss rising revenue was more than offset by business expenses.
Pre-tax losses for the year through December amounted to £2.25 million, compared to losses of £2.32 million year-on-year. Revenue rose 56% to £3.19 million.
PCI-PAL did not declare any dividends. I am delighted with the continued progress and positive momentum being shown by the Group as we report on another strong period of growth and development, chief executive James Barham said. The business has taken another substantial step forward with the increased number of contracts signed, expansion of our partner ecosystem, and positive outcomes across all of our key performance metrics.
15 February 2021 | 09:52am
StockMarketWire.com - CIP Merchant Capital said it had rejected a takeover offer from Corporation Financiere Europeenne, saying it significantly undervalued the company.
The all-cash offer at a price of 50 pence per ordinary share was deemed to be opportunistic and significantly undervalued CIP s current investment portfolio and the company as a whole, CIP Merchant Capital said.
The offer represented an approximately 10% to 19% discount to share price of the company between 27 January 2021 and 12 February 2021. The possible offer price clearly significantly undervalues CIP and its underlying investment portfolio on all reasonable metrics and CFE s opportunistic proposal has been unequivocally rejected by the Board on a number of occasions for this very reason, the company said.