Skip to content

Three Quick Facts: Parsley Box, Avast and SIG

*

Here are three things you need to know in the financial markets this morning from investment writer, Tony Cross.

#1. Parsley Box fundraising completed at a modest premium

It’s a relatively quiet Friday in terms of regulatory reporting. AIM listed Parsley Box LON:MEAL has however reported the completion of a £5.9m fundraise, with shares being sold at an 11% premium to the closing price recorded on 9th March. This stock has had a rough ride, attracting some criticism from investors – the question is whether this injection of cash will make a material difference.

#2.  Avast suspends operations in Russia, Belarus

Antivirus software company Avast LON:AVST has this morning advised that it has withdrawn all its products from, and suspended marketing in, Russia and Belarus. At the same time the company is bolstering the services provided to Ukrainian users. With the three countries representing just 1.5% of the company’s revenues, shareholders are more likely to be asking why the move has taken so long rather than worrying unduly about the impact on the bottom line.

#3.  SIG sales ahead of pre-pandemic levels

Insulation providers SIG LON:SHI have full year results out today. The group has returned to profitability and sales are up 8% on pre-pandemic levels, with this momentum being carried into the early part of the new financial year, too. An operating profit margin of 3% is being targeted for FY23 with an ambition to see this stretch to 5% in the medium term. Again the dividend remains suspended, but the company is committed to resuming these payments once underlying earnings provide sufficient cover.

Share this article

Invest with these platforms

Hargreaves Lansdown IG Interactive Brokers Interactive Investor Charles Stanley
IG Interactive Brokers Charles Stanley

Looking for great investing ideas? Sign up to our free newsletter.

Join our UK news channel on WhatsApp

This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

Learn with our free 'How to' Guides

Our latest in-depth company reports

Detailed reviews of selected companies and investment trusts.

On the podcast

Sign up for great investing stock tips

Thanks to our Site Partners

Our partners are established, regulated businesses and we are grateful for their support.

Aquis
CME Group
FP Markets
Pepperstone
Admiral Markets

TMX
WisdomTree
ARK
FxPro
IG
Back To Top