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Triad Group PLC shares lose a few digits


Triad Group PLC (LON:TRD) shares were chopped 11.11% lower to 28p on Thursday afternoon trading after the technology consultancy group revealed it had swung to a loss in the past year. 

The AIM-listed group reported a loss before tax of £0.6mln for the 12 months to March 31, compared to a £1.0mln profit a year earlier, as revenue dropped 15% to £19.4mln.

Despite the connections between the company’s name and Hong Kong gangsters, it recently won an extension to its ongoing contracts with the UK Ministry of Justice, with Triad consultants “playing a part in delivering one of the biggest programmes of change experienced within the justice system”.

2pm: Actual Experience surges after Verizon highlights working-from-home uses

Actual Experience PLC (LON:ACT) shares ascended 30% to 48p after the analytics software company was mentioned in despatches by one of its major customers, Verizon.

A white paper published by Verizon and Boston Consulting Group highlighted how the US telecoms and digital media giant has been using a tool from Actual Experience to measure digital productivity of people who are working from home.  

With the working-from-home boom during the coronavirus lockdown driving demand for digital tools such as Zoom, Microsoft Teams and many others, the Bath-based company said its software “can analyse the human experience of thousands of home offices simultaneously, swiftly providing actionable information to recover lost productivity, and providing an ongoing analytics capacity to manage human experience”.

12.50pm: Petards derailed by eyeTrain delay

Petards Group PLC (LON:PEG) tumbled 16% to 6.95p after full-year results from the surveillance systems specialist disappointed.

The company slipped into the red in 2019 with a loss before tax of £1.46mln versus a profit in 2018 of £570,000.

The lowlights were a major customer re-scheduling eyeTrain system deliveries in the last quarter into 2020, and much lower than forecast profitability on two other rail projects.

12.30pm: Carnival sinks as it posts a whopping loss

Carnival PLC (LON:CCL) shares were the biggest fallers on the FTSE 100, down 7.3% at 1,168p, after the cruise ships operator posted a whopping loss.

For the three months ended May 31, the firm reported a net loss of US$4.4bn, which included a US$2bn impairment charge, while revenues plunged to just US$0.7bn compared to US$4.8bn in the prior year.

The firm said most of its cruise operations were paused during the quarter, adding that it was “unable to definitively predict when it will return to normal operations”, adding that it also expected to report a net loss for the second half of the year.

10.30am: Contango Holdings off to a flying start after reverse takeover

Contango Holdings PLC (LON:CGO) shares were trading 20% higher at 4.5p after the former cash shell started its new life as a mining company.

The company recently completed a reverse takeover through the acquisition of a 70%…



Read More: Triad Group PLC shares lose a few digits

2020-06-18 14:29:00

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