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TRADING UPDATES: Solid State ends year strongly; Deltex loss widens


TRADING UPDATES: Solid State ends year strongly; Deltex loss widens
Thu, 22nd Apr 2021 18:48
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Solid State PLC - Worcestershire-based computing products manufacturer - Expects to announce results for year ended March 31 ahead of recently-upgraded consensus forecasts. Trading since February update has continued to be encouraging, with stable order flow and strong invoiced sales in March. The final month of the financial year benefitted from demand pulled forward and a strong contribution from the two businesses acquired at the end of February, company says. Adds it has seen particularly strong order intake post-year end, building confidence in the outlook for the year ahead. Chief Executive Gary Marsh says: The outcome for the full year represents an excellent achievement for the group, given that notwithstanding the di ....

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UK TRADING UPDATE SUMMARY: AVI Japan Disappointed By Fourth Quarter


UK TRADING UPDATE SUMMARY: AVI Japan Disappointed By Fourth Quarter
Thu, 14th Jan 2021 21:55
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
AVI Japan Opportunity Trust PLC - invests in portfolio of 20 to 30 Japanese stocks - Says small-cap companies in Japan have been largely ignored by stock market investors. For the quarter ended December 31, the MSCI Japan Small Cap Index, in GBP, returned 2.2% while its larger counterpart, MSCI Japan, returned 9.0%. Says own return of 1.0% disappointing considering the very strong earnings recovery reported by portfolio companies. This quarter s earnings season showed the resilience of our companies, with weighted sales and profits of our portfolio falling year-on-year by 4.5% and 6.8%, compared to the companies in the MSCI Japan Small Cap Index whose sales and profits fell 4.5% and 20%. More importantly is that our companies ....

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