Shard has witnessed a number of announcements in August relating to companies that we have previously written on.
Xtract Resources Plc (LON:XTR) started the ball rolling on the 4th August with the news that further high grade reefs systems have been discovered at their Chepica Mine. This is an exciting find and undoubtedly good news. We look forward to hearing more from the imminent drilling.
A number of announcements today (5th August) have also caught the eye from Macfarlane Group Plc (LON:MACF), Rosslyn Data Technologies Plc (LON:RDT) and Satellite Solutions Worldwide Group Plc (LON:SAT).
Macfarlane Group announced the acquisition of One Packaging Limited for a consideration of up to £2.75m. Macfarlane Group is a market leading packaging company and Shard has previously commented on their strong financial footing and robust gross margin base. One Packaging Limited complements last year’s acquisitions and further enhances the steady and rising organic growth. Shard believes that the balance of organic and acquisition growth coupled with the company’s strong competitive position with robust balance sheet and cash generation will interest investors.
Another company announcing positive news is Rosslyn Data Technologies who provide analytical services through a Cloud platform. The company announced that it has recently won a milestone contract with a large global enterprise in the Fortune 500. Rosslyn’s RAPid cloud analytics platform will replace an incumbent analytics solution and the Board believes that the contract demonstrates the scalability and applicability of Rosslyn’s platform. The announcement goes on to say that ‘Elsewhere the firm continues to make good progress since the year end” and highlights that “the most notable news client wins have been 2 in the FTSE 100 and 1 in the FTSE 250”. Shard hope that continued evidence of their progress will alert the market to their potential.
Satellite Solutions Worldwide also grabbed some limelight with an announcement of a strategic sales and marketing agreement with Gigaclear plc. Satellite Solutions Worldwide is a global communications company specialising in rural, last-mile and emergency communications via satellite bringing broadband solutions to areas where traditional providers cannot deliver. The agreement announced today sees the two companies working together to identify and serve the large numbers of properties across the UK that cannot currently access fibre or fast broadband. News flow has been light since the company joined AIM following a reverse takeover in May 2015. Today’s RNS is positive news and we look forward to further updates along with enhanced market understanding and recognition of the opportunity that exists for Satellite Solutions Worldwide.
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