MOVERS OF THURSDAY 14 JANUARY 2021

Group only (STRAIGHT CONSEQUENCES) Stocks rose 16.13% to 80.03 pence after the business surge

In a business update for the fiscal year ended December 31, 2020, the retirement income specialist announced that retirement income sales rose 12% to £ 2.1 billion for 2020.

Performance De-Risking (“DB”) revenue rose 22% over the year to £ 1.5 billion

The group stressed that the performance market remains buoyant – “this was the second highest year for market transaction volumes and the industry pipeline is very strong.”

During the year, the company found it closed 23 transactions. DB De-Risking’s revenue for the second half of the year was over £ 1 billion, a record six months for the group.

“As we head into 2021, supporting the well-being of our colleagues, providing excellent service to our customers and distributors, and further improving the resilience of our capital position remain our top priorities. We have a strong new business pipeline and we’re starting the year with greater confidence, ”said David Richardson, Chief Executive of JUST.

The company highlighted that it will release its full-year results on March 11, 2021.

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Best of the best (BOTB CONSEQUENCESStocks rise 38.71% to 2,150 pence after increasing earnings expectations

The company expects full-year pre-tax earnings to significantly exceed management’s expectations after “encouraging” sales momentum for the period.

“These strong results reflect our successful transition to an online-only model along with our increased reliance on marketing investments to accelerate growth,” said CEO William Hindmarch after sales rose to 22 in the six months ended October 31, 2020 . £ 1 million had risen.

Total sales for the six months improved from £ 7.60m in FY 19, while profit before tax increased from £ 1.38m to £ 6.8m. Net assets were £ 6.75m (FY 19: £ 2.26m), largely backed by property and cash, while cash was £ 11.18m as of October 31, 2020.

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ARC Minerals (ARCM CONSEQUENCES) Stocks rise 27.27% to 6.35p on a potential deal with AAL

The shares of the AIM-listed copper and cobalt explorer continue to rise for the second time in a row after investors were informed that talks about a possible exclusivity agreement with Anglo-American subsidiary Anglo Exploration Zambia Ltd. were recorded.

ARC’s two subsidiaries, Zamsort and Zaco, have signed a confidentiality and six-month exclusivity agreement with Anglo Exploration Zambia for their copper exploration licenses in Zambia.

At the time of signing in July 2020, Arc Minerals announced that Anglo American would be allowed to conduct a technical review during the exclusivity period which, if satisfactory, could result in an extension of exclusivity and the negotiation of a trade.

The company has determined that there is no guarantee that it will complete commercial transactions.

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URU metals (URU CONSEQUENCESShares rose 26.67% to 285 pence when the Zebediela Nickel Project was sold

The exploration and development company announced on Wednesday that it had entered into a letter of intent with Blue Rhino Capital to divest the Zebediela nickel project in South Africa.

URU will receive 41 million shares in Blue Rhino, representing 80% of the company’s issued share capital, and a 2.5% royalty on the project, with an additional 2% available for purchase for $ 3 million.

Upon successful completion of the proposed acquisition of Zebediela Nickel Company, which controls the project, BRC is expected to be listed on the TSX-V as a Tier 2 mining issuer and be involved in the exploration and development of the project.

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Dunelm Group (DNLM CONSEQUENCES) Stocks fell 6.33% to 1,212.5 pence, despite a 12% increase in Christmas sales

Shares in the UK homeware retailer fell on Thursday afternoon, despite strong performance ahead of the holiday season. Despite COVID restrictions, sales grew 11.8%.

Consumer demand for household goods remained buoyant during the quarter and when the retail system, including stores, was fully open, it was “well ahead of the market”.

The online home delivery business has more than doubled since fiscal 20 as DNLM said it “continues to improve the digital customer experience and expand our operational capabilities”.

The company expects pre-tax profit for the first half of FY21 to be around £ 112million in FY21 – up from £ 83.6million in FY20 – but says there are no meaningful guidance for the second Half year 21 can deliver.

All 174 branches are currently closed. All but five branches can still operate a Covid-safe and contactless Click & Collect service, while the home delivery services will continue as usual.

During the restricted trading period, DNLM expects Click & Collect and Home Delivery services to continue to be allowed. With this limitation, a “modest weekly loss” is expected due to the fixed cost base and the decision not to use JRS support.

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