Micro Focus International (MCRO) Shares rose 7.17% to 526.9 pence as the group reestablished their final division

The management software company resumed its dividend Tuesday, sending stocks up after making “solid strides” in the first year of its three-year turnaround plan.

The company reported adjusted core earnings of $ 1.2 billion compared to $ 1.4 billion last year on a margin of 39.1%, which was in the high end of expectations. Sales also decreased by 10%. However, the group has decided to roll its final dividend back to 15.5 cents per share.

This was due to the fact that the decline in sales in the reporting period eased to around 11% in the first half of the year and 9% in the second half of the year. Micro had total year sales of $ 3 billion.

“We are now 12 months on our three-year turnaround plan and while there is still much work to be done, we have made solid progress towards meeting our key strategic objectives and improving operational effectiveness,” said Stephen Murdoch, Chief Executive.

MCRO price chart

Zanaga iron ore (ZIOC) Shares rose 24.02% to 8.4p as analysts predict a bullish scenario

The stake in Jumelles Limited increased the stake in the group, which owns 50% less than a stake in the Zanaga iron ore project in the Republic of the Congo (Congo Brazzaville).

The Zanaga iron ore project is known to be one of the largest iron ore deposits in Africa. The company believes the site has the potential to become a world-class iron ore producer.

Iron ore prices have risen again in the last few days. In a release reported by Barron’s, Credit Suisse has raised its forecast for iron ore in the first half of the year from US $ 110 to US $ 170 per ton and has also revised its expectations for the next three years upwards.

Morgan Stanley analysts also forecast an optimistic scenario for iron ore over the next few years. In a report released last week, analysts set out a “plausible scenario” for trading iron ore prices in excess of $ 165 per tonne ($ 216 / tonne) for three years to 2024.

ZIOC price chart

REACT Group (REAT) Stocks rise 23.33% to 1.85 pence after strong results for FY20

The shares in the specialist company for cleaning, hygiene and decontamination have increased by around 13% since the beginning of January 2021. The latest FY 20 results demonstrate strong financial performance, with consolidated sales up 41% and gross profit up 64%.

Without the increase in sales from COVID-19 decontamination and despite the negative impact of the lockdown, REACT’s core business continued to grow in terms of both sales and profits.

In summary, REACT’s business development for the fiscal year ended September 30, 2020 resulted in an initial profit for the company and a result that exceeded market expectations.

The group informed investors that the outlook remains positive after a strong first quarter of fiscal year 21.

REAT price chart

European Metal Holdings (EMH) Stocks rose 22.06% to 83.5 pence after positive results

The shares have increased in value by over 20% in one week since the Mineral Exploration and Development Group announced initial drill results from their current nineteen-hole resource drilling program on the Cinovec project, in which the Company has a 49% interest.

The group stated that interim results from the six recently completed drill holes on the Cinovec lithium tin project in the Czech Republic met or exceeded expectations.

“The main purpose of the program is to move more of the resource into the measured category in order to provide more assurance about the financial model and security to the financiers we are currently discussing,” said Keith Coughlan, Executive Chairman.

The group announced a $ 7.1 million increase last week. The placement was well supported, particularly by Thematica Future Mobility, a Luxembourg-based green energy fund.

The proceeds of the placement will contribute to the further development of the Cinovec Lithium in the full project financing as well as for the further general working capital.

EMH price chart

easyJet (EZJ) Stocks fell 4.52% to 787.8 pence as travel companies withhold packages

Travel supplies recently decided to weed out package tours in the coming months as the UK continues to be under a national lockdown and new travel restrictions are in place.

easyJetidays has decided to cancel package vacation plans through March 24th, after announcing a third national lockdown. The package tour provider informed investors that it is not yet known whether further cancellations can be expected.

In a recent statement, easyJetidays Customer Director Matt Callaghan said, “We know this news will be disappointing. However, we want to offer our customers as much flexibility and choice as possible so that they can decide what is best for them. ”

“We take great pride in being able to process refunds in an average of 12 days when we had to cancel vacation. We will continue to do what is right for customers.

We know there is light at the end of the tunnel with the vaccine. We can’t wait to get people on their well-deserved vacation as soon as we can, ”he added.

EZJ price chart

Comments are closed.