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Gaming Realms surges after striking deal with SG Digital

A look at the day's major movers, including RA International, Genus, LiDCO, Just Group, Yu Group and Thomas Cook
Handshake
"This agreement marks the continuation of the close partnership we have with SG Digital"

All of Gaming Realms PLC’s (LON:GMR) Slingo Originals mobile games are to be distributed through one of the industry’s largest content aggregation platforms.

The UK mobile gaming outfit has struck a deal with Scientific Games Corporation’s (NASDAQ:SGMS) Digital Group.

Under the terms of the three-year tie-up, all 29 Slingo Originals games, as well as others which are expected to launch throughout 2019, will be distributed to over 200 operators around the world via SG Digital's opening gaming system platform.

Shares in Gaming Realms were up 0.93p (21%) at 5.4p.

 

1.00pm: RA International's good month continues

RA International Group PLC (LON:RAI), which specialises in providing services to remote locations in Africa and the Middle East, has been having a good month.

The company has been awarded a new contract by a large humanitarian client in Central Africa. Under the terms of the contract, RA International will construct accommodation facilities for peacekeeping troops in up to 10 locations around the country.

It is the third contract win of the month for RA.

The shares, which finished the first day of the month at 43.5p, rose 5.5p (11.5%) to 53.5p.

Noon: Genus high on the hog after Chinese porcine deal

A “strategic porcine collaboration” is not a phrase you hear everyday, which is possibly a shame for animal genetics specialist Genus PLC (LON:GNS).

Genus’s shares spurted 376p (15%) higher after it announced a collaboration between its PIC division and Beijing Capital Agribusiness (BCA).

The two companies will work together to research, develop, register and market in China elite PIC pigs that are resistant to Porcine Reproductive and Respiratory Syndrome virus.

Under the terms of the transaction, Genus will receive a cash consideration under the development and technology licence agreement of US$20mlm, in aggregate, upon the satisfaction of certain commercial and regulatory milestones relating to the development programme.

US$13mln of the commercial and regulatory milestone payments will be creditable against future intellectual property royalty payments to Genus.

11.15am: LiDCO sets the pulses racing

LiDCO Group PLC (LON:LID), the blood flow monitoring company, told investors at its annual general meeting this morning it had made a good start to the year.

The shares rose 0.8p (20%) to 4.8p after it revealed LiDCO product revenues were up 38% year-on-year, with like-for-like recurring revenues up 42%.

As at 15 May, the group’s cash balances were in line with the board's expectations. The board believes that the group remains firmly on track to deliver full year results in line with market expectations.

READ an overview of LiDCO’s technology and products

10.30am: Just Group sold off after business sales plunge

Retirement income consultant Just Group PLC (LON:JUST) saw its shares slide 4.95p (7.6%) to 59.95p after an underwhelming first-quarter update.

Retirement income sales in the first three months of 2019 were 59% lower than for the same period of 2018 as a result of a lower level of completed defined benefit de-risking sales and what the group called its “disciplined” guaranteed income for life “pricing stance” - which translates as, it was not prepared to chase business by cutting prices and eroding margins.

Defined benefit de-risking sales were down 90% year on year to £26mln, due to a “temporary reduction” in activity levels in Just Group’s target segment.

9.30am: All of a suden, the market loves Yu

For the second day in a row, the share price of Yu Group PLC (LON:YU.) was heading for the stars in early trade this morning.

Yesterday, the shares sparked back into life after the energy supplier to small and medium-sized business posted a smaller than expected loss for last year, after a detailed accounting review was carried out into previous accounting problems.

Today, Yu shares rocketed 65% higher to 250p  – having jumped by 56p, or around 60% yesterday - after the company said the Financial Conduct Authority has dropped its investigation into the company.

The morning’s biggest loser was struggling travel firm, Thomas Cook Group PLC (LON:TCG), down 17.4%.

Just when you thought it could not get any worse for the cash-strapped package tour operator, it does.

READ Thomas Cook posts wider first-half loss and expects weaker second-half

“Times are tough for travel operators at the moment and the problem for Thomas Cook is that its ability to navigate a difficult market is hindered by its unwieldy borrowings. Little wonder the company is in a tailspin and descending to new record lows today,” commented AJ Bell’s investment director, Russ Mould.

“While the seasonal nature of their business means travel companies are nearly always loss-making in the first half of their financial year, booking a £1.45bn loss is something else entirely. Don’t just book it Thomas Cook it indeed,” Mould quipped.

Proactive news headlines:

All of Gaming Realms PLC’s (LON:GMR) Slingo Originals mobile games are to be distributed through one of the industry’s largest content aggregation platforms after it struck a deal with Scientific Games Corporation’s (NASDAQ:SGMS) Digital Group.

The findings from clinical trials of a cancer drug developed by Sareum Holdings PLC (LON:SAR) will be showcased at a leading international cancer conference next month. SRA737 is one of a new breed of drugs called checkpoint inhibitors that aim to overcome cancer’s defence against the immune system.

Azerbaijan-focused gold miner Anglo Asian Mining PLC (LON:AAZ) saw annual profits surge as production in 2018 came in at the top of its forecast and sales jumped by over a third. Output in the year to December rose 17% to 83,736 gold equivalent ounces, while sales jumped 36% to just under 59,500oz at an unchanged price of US$1,265 per oz.

SigmaRoc PLC (LON:SRC) shares jumped on Thursday after its 2018 profits more than doubled, with the company eyeing further expansion in 2019.

Belvoir Lettings PLC (LON:BLV), the UK's largest property franchise, said it is outperforming the three key markets in which it operates. After a robust first quarter of 2019, the board is confident of meeting market expectations for the full year.

Accesso Technology Group PLC (LON:ACSO) has agreed a new three-year partnership with the National WWII Museum in New Orleans, which will see it provide ticketing and ecommerce services.

Seeing Machines Limited (LON:SEE) has streamlined its Fleet Division in a push to accelerate the adoption of its driver-monitoring technology. The AIM-listed firm said that following a strategic review of the division it had shrunk the size of the team by 30% to reduce costs and right size the unit, while also channelling its business development through an expanding distribution network.

Diversified Gas & Oil PLC (LON:DGOC) reported first quarter production at 69,000 barrels of oil equivalent per day (boepd), in-line with rates at the end of last year. The company, in a statement, added that production in April exceeded 70,000 boepd and upon factoring in the addition of the acquired HG Energy II assets the rate jumps to over 90,000 boepd.

Regional UK office investment, development and management company, Circle Property PLC (LON:CRC), saw its portfolio increase in value by 9.2% in the last financial year. As at the end of March, the portfolio was independently valued at £124.6mln, up from £114.1mln a year earlier.

Block Energy PLC (LON:BLOE) has confirmed the close of the bookbuild for its new placing and has priced the funding at 11p per share. On Wednesday evening, Block launched a £12mln equity raise in order to fund an accelerated growth strategy in the Republic of Georgia.

Strategic Minerals PLC (LON:SML) managing director John Peters says a recent study of the company’s tin-tungsten project in Cornwall has confirmed its world class potential. A preliminary assessment of the underground possibilities for the Redmoor asset by the consultants Wardle Armstrong concluded there is scope to mine 600,000 tonnes of ore a year for the next decade. That is based on a 7.1mln-tonne resource with a 1.09% tin equivalent grade.

Horizonte Minerals PLC (LON:HZM) this morning released its financial results for the three months ended 31 March 2019, which confirmed it had £5.28mln of cash at the end of the first quarter. The pre-revenue exploration and mine development group reported a £453,740 loss for the quarter.

Oracle Power Plc (LON:ORCP) has moved to clear confusion over the memorandum of understanding with its Chinese partners for the Thar thermal power station project in Pakistan. A ceremonial signing of the agreement last month left out some clauses, but Oracle said today it had now received assurances from both partners - Beijing Jingneng and PowerChina - that the MOU is intact.

Salt Lake Potash Ltd (LON:SO4) (ASX:SO4) non-executive director Matthew Syme, its former chief executive officer, has acquired 750,000 shares in the company for $300,000. The transaction came about through the exercise of incentive options priced at 40 cents and increases Syme’s holding in the company to 5.25 million shares.


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