MOVERS OF WEDNESDAY 10 FEBRUARY 2021

Dunelm Group (DNLM) Stocks rose 6.66% to 1,346 pence

The UK-based homeware retailer has resumed dividend payments after gaining market share in the “growing” homeware market in the 26 weeks to December 26, 2020.

The group noted how the pandemic has accelerated the pace of change in consumer habits. “These macro trends, coupled with the strategic levers we identified in our first customer plan, mean we are becoming more relevant to more consumers,” he said.

This was reflected in a strong performance, with sales up 23% despite the impact of the store closings in the second quarter. In addition, Dunelm saw continued market share growth, with sales growth “well ahead of the homeware market”.

The analysis highlighted by the group, based on external data, found that the home goods market grew by 9.7% in the first half of the fiscal year, driven by strong consumer demand. For comparable categories, growth in the reporting period was 21.0%.

“We significantly outperformed the market in the weeks that our store was fully open, but we have underperformed the market in weeks that have been impacted by store closures, as other retailers selling housewares are considered ‘significant’ were classified and remained open, “she reported.

Although business will remain closed for the time being, the board of directors has resolved an interim dividend of 12p per share citing “a strong performance” and “confidence in medium-term prospects”.

DNLM price table

SDI Group (SDI) Shares rose 25.31% to 151p as the group raised its guidance

The company announced this morning to investors that it expects to exceed the market’s revenue and profit expectations for the fiscal year ending April 30, 2021 and “significantly exceed” the market’s revenue and profit expectations for the year ending April 30, 2022 “To surpass.

While most SDIs have had some revenue negatively impacted by the pandemic, two of their companies have significant one-time equipment contracts for devices related to the treatment and testing of COVID-19 and similar respiratory and viral diseases.

The Atik Cameras division received follow-up orders for cameras from an OEM manufacturer whose delivery was concentrated in the year up to April 30, 2022. The Group added that its forecasts were also supported by the continued recovery in activity across all business areas.

“These are exceptional prospective results in unprecedented times with SDI employees having implemented all aspects of our buy-and-build business model,” she said.

SDI price chart

Nostra Terra Oil & Gas Company (NTOG) Stocks rise 20.83% to 0.725p after building a “robust position”

Shares in the oil and gas exploration and production group have increased over 70% since early November 2020. In the past few weeks, the company announced that it had established itself in a “robust” position after generating positive cash flow in December 2020.

“The company’s positive cash flow position is now a robust position, not only dependent on the near-term spike in oil prices, but first reached in December when the West Texas Intermediate (” WTI “) spot price for oil was $ 45. ” Company wrote in a recent statement.

In January 2021, Nostra Terra announced the success of its new well at Pine Mills, which added an additional 32.5 barrels of oil per day (bopd) before royalties. This corresponds to an increase in the production network by approx. 26% compared to the company’s December figures.

January was also stronger than December as oil prices continued to rise and the new well, which is now in production, had already started selling oil.

“As the macro environment continues to build and strengthen, Nostra Terra will seek to further increase cash flow, production and reserves through a combination of developing its existing assets and expanding its portfolio,” the group told investors.

FOUR price table

Directa Plus (DCTA) Shares 18.35% to 129 pence after new research confirms the properties of G + ® products

The manufacturer and supplier of products based on graphene nanosheets announced this morning to investors that the properties of its G + ® products have been confirmed by academic research carried out by scientists at the Turin Polytechnic, Italy’s oldest technical university.

Research showed that using water-based G + graphene ink to coat polymer foam imparted significant flame retardant properties over untreated polymer foam.

It was highlighted that simply applying G + ink to the outside of the foam provided good flame retardant properties that were tested under both horizontal and vertical conditions.

Polymer foams have many uses, from roof insulation to furniture, and are extremely flammable, which means that the potential market for G + fire retardant technology is “sizeable”.

“As always at Directa, we have a clear vision of taking technology from the laboratory to the real world and into commercial use, and this paper could be another very important step in opening up a new industrial sector of the future,” said Giulio Cesareo, Founder and CEO of Directa Plus.

DCTA price chart

Lancashire Holdings (LRE) Stocks fell 5.17% to 706.5 pence as profits plummeted

Shares in the Bermuda-based insurance company fell after net losses of $ 149.5 million for the fiscal year ended December 31, 2020 due to COVID-19-related losses and natural disasters, including Hurricanes Laura and Sally and the forest fires in California.

The group also recorded storm losses in the second half of the year and “unusually high frequencies” of special losses from non-natural disasters throughout the year.

Underwriting profit for the year declined to $ 77 million from $ 186.5 million in 2019, while pre-tax profit declined to $ 5.9 million from $ 119.5 million for the fiscal year ended December 31, 2019 .

“We are starting to take advantage of improving market conditions and there have been signs of further strengthening during the January renewal season,” it told investors.

At the end of the reporting period, total capital available to LRE was $ 1.866 billion, composed of equity of $ 1.539 billion and long-term debt of $ 327.5 million. Tangible capital was $ 1.712 billion.

LRE price chart

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