Belvoir steams ahead in first half
Franchised lettings and estate agency business Belvoir Group has been boosted by the stamp duty holiday on property purchases, but the lettings and financial services operations are also growing.
Interim show that revenues were 41% ahead at £13.8m - organic growth was 33%. Pre-tax profit improved from £3.2m to £4.8m. The interim dividend was raised from 3.4p a share to 4p a share.
finnCap has maintained is pre-tax profit forecast for 2021 at £9.3m, but a higher tax charge has reduced the earnings forecast to 19.8p a share.
A dip in pre-tax profit to £8.9m is expected next year.
PCI-Pal builds recurring revenues
PCI-Pal is widening its horizons by moving into new markets, but the benefits will not show through for another year. It does not mean that there will be any let up in the growth in revenues from the US market.
The cloud-based secure payments technology provider reported interim revenues 67% higher at £7.36m. The loss of £4.19m was slightly lower than the previous year. Total contracted recurring annualised contract value was £9.51m.
finnCap expects a £4.1m loss this year due to the higher costs related to expanding internationally. This is despite forecast revenues of £10.4m. PCI-Pal will continue to lose money the following year, but annual recurring revenues should continue to rise sharply.
Catanae moves to Avenir Registrars
Avenir is delighted to announce that the digital media company Catenae Innovation is the latest AIM-quoted issuer to migrate its registry function to Avenir Registrars, which provides efficient and value for money services.
The company has been in focus in recent months after it was invited to take part in the development of the UK Government’s Digital Identity Policy and has also developed a secure, blockchain technology to provide proof of an individual’s COVID-19 status.
Earlier this year, AIM-quoted, Ireland-based resources companies Conroy Gold and Natural Resources and Karelian Diamonds Resources chose to move their registrar requirements to Avenir Registrars.