Three things you need to know in the financial markets today from investment writer, Tony Cross.
1. PZ Cussons Q4 trading update highlights cost pressures
A trading update from PZ Cussons (LON:PZC) notes that Q4 performance has been in line with expectations with like for like revenue growth of 7% set to be reported for the period. Management note that the trading environment remains challenging with high input costs weighing but new initiatives such as a portfolio of products aimed at the value conscious customer are seen as one way of mitigating the impact here. Full year results will be published in late September.
2. Software developer Ingenta sees turning point for business
AIM-listed software company Ingenta (LON:ING) issued final audited results for the year to 31st December this morning, noting that revenues were essentially flat against the comparative. Management however see this as also being a turn around point for the company, as it continues to focus on IP management solutions, with the first music customer being signed onto the proprietary conChord product last year. This marks diversification from the traditional verticals in the publishing sector where the company has seen business focussed in the past.
3. 88 Energy project update eyes fresh drilling in ‘23
88 Energy (LON:88E) has provided a project update this morning, with the company licensing seismic survey data from a third party in return for US$1m worth of new shares in the business. The company also notes that it is in the process of planning 2023 operations which are expected to include an exploration well and at least one flow test from multiple reservoirs which have already been identified. Shares tumbled at the end of March when drilling results disappointed but long term investors may still have something of a wait before fortunes have any prospect of improving.MTI Wireless to our Picks in November 2020
- Small Cap Stocks: Creo Medical, Nostra Terra, Proton Motor Power
- Three Quick Facts: Marks Electrical, AO, PZ Cussons
- Three Quick Facts: British American Tobacco, 88 Energy, Checkit
