News & Tips: Breedon Aggregates, easyjet, Rockhopper Exploration & more

April 5, 2014 by  
Filed under Solar Energy Tips

Equities have started the day in positive mood after finishing Thursday in negative territory and The Trader Dominic Picarda believes the upwards trend is still intact.

IC TIP UPDATES:

Aggregates specialist Breedon (BREE) has expanded its facilities at Clearwell quarry in Gloucestershire through the acquisition of an adjacent concrete plant from Aggregate Industries. We keep our buy rating.

KEY STORIES:

Budget airline easyJet (EZJ) enjoyed strong trading in March with passenger numbers up by 4.8 per cent on last year at 5.1m.

Fellow budget airline FlyBe (FLYB) performed in line with expectations in the final quarter of its year to March with passenger volumes up by 6 per cent despite a 4 per cent reduction in capacity. Revenues per seat also rose by 4 per cent. The company recently raised £150m to fund its continued turnaround strategy.

Utilities business Telecom Plus (TEP) says it enjoyed a strong final quarter despite the milder than expected winter and management expects to report profits in line with expectations.

Workspace Group (WKP) has sold the second phase of its Bow Enterprise Park development in London’s east end to Peabody. This stage of the development comprises 160 apartments and 3,000 square foot of commercial space and Peabody will pay £11m in 2015 when it is finished.

OTHER COMPANY NEWS:

South American focused renewable energy developer Rame Energy (RAME) has begun trading on Aim today after a £2.1m fundraising.

But one company who will not be listing in London is Israeli digital marketing outfit Matomy, which this morning said that its board have decided not to pursue a listing despite strong interest from investors.

Digital Barriers (DGB) says it will post revenues of around £19m for the year to March and that recent significant contract wins including with a US Federal agency suggest an improved performance in 2015 with management hoping to move towards breakeven.

Capital Counties (CAPC) has welcomed positive planning news this week from both Kensington and Chelsea and Hammersmith and Fulham authorities with regard to its Earls Court Village masterplan.

Rockhopper Exploration (RKH) ended its year with $247m in the bank as it continues the project evaluation process for the Sea Lion prospect in the Falklands. It is also planning a four well exploration programme in 2015.

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