Tue, 4th May 2021 19:13
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Supreme PLC - maker of fast-moving consumer goods - Expects 30% revenue hike in year ended March 31 to GBP121 million from GBP92.3 million, in line with management expectations. Adjusted earnings before interest, tax, depreciation and amortisation tipped to rise 20% to GBP19 million from GBP16.2 million. I am delighted to provide our first trading update since our AIM admission in February 2021. We continue to build on our strong track record of growth, with our strategy to focus on high growth categories such as vaping and sports nutrition really coming to fruition, Chief Executive Officer Sandy Chadha comments.
How Texas Is Becoming A Mecca For Bitcoin Miners
Access to unique power sources and friendly regulations are driving bitcoin mining companies to set up shop in Texas.
Author:
May 4, 2021
Access to unique power sources and friendly regulations are driving bitcoin mining companies to set up shop in Texas.
Texas might seem like an unlikely mecca for large scale bitcoin mining operations. Although energy prices in Texas are relatively cheap a big draw for miners the state’s reserve margins are almost nonexistent, as was demonstrated by a recent ice storm that left some homes and businesses without power for up to four days.
SMALL-CAP WINNERS & LOSERS: Camellia wilts after disappointing outlook
Tue, 4th May 2021 11:11
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
SMALL-CAP - WINNERS
Capital & Regional PLC, up 5.0% at 90.80p, 12-month range 32.3p-135p. Berenberg lifts its price target on the stock to 50p from 10p but reiterates its Sell rating.
S4 Capital PLC, up 2.4% at 573.00p, 12-month range 0.00p-587p. Martin Sorrell s ad agency says the strong rebound in global economic growth in 2021 and 2022 will drive 20% per annum growth in digital advertising, as the pandemic accelerates digital transformation. For the first quarter to March 31, revenue rose 71% to GBP122 million from GBP71 million in the first quarter of 2020. Gross profit also increased 71% to GBP104 million from GBP60.7 million a year ago. S4 Capital raised its like-for-like gross profit growth target to 30% from 25% previously. In addition, S4 Capital acquires
Why is the Argo Blockchain (ARB) share price crashing?
More on: Image source: Getty Images.
The price of Bitcoin continued to rise past $60,000 this month (before its most recent decline). And yet, despite this rising trend, the
Argo Blockchain(LSE:ARB) share price dropped by 40% since the start of March. (although it’s still up at 176p from just 4.2p a year ago). What’s going on? And is this an opportunity to buy the business at a discount?
A cryptocurrency mining business
I’ve previously explained how Argo’s business model works. But as a quick reminder, it is a cryptocurrency mining company. Using an extensive collection of powerful computers, it processes complex financial transactions and is rewarded with digital tokens, such as Bitcoin. These tokens can then be sold or traded on cryptocurrency exchanges like the one provided by