Posts in LSE:GRA

Grafenia shareholders pass all resolutions at AGM

Grafenia has confirmed that all resolutions were passed by shareholders at today's Annual General Meeting.

At 1:09pm: (LON:GRA) Grafenia share price was +0.25p at 7.88p

Grafenia on track

Grafenia's trading is broadly in line with its internal budget, shareholders at today's annual general meeting will be told.

Chairman Jan Mohr will say: "We have continued to add new Nettl partners, both in the UK and internationally.

"In the UK, we've reached the milestone of 120 Nettl locations with completed agreements. Last week we delivered initial training of our first 5 Nettl 'founding partners' in The Netherlands.

Grafenia operating losses rise

Grafenia's operating losses rose to £0.98m in the year to the end of March - up from £0.25m last time.

Turnover from continuing activities fell to £10.45m from £10.77m and EBITDA totalled £0.76m - down from £1.52m.

Chairman Jan-Hendrik Mohr said: "The outlook for print products is uncertain and current trading has been tough.

The week ahead: General election, Fuller Smith & Turner, WYG

The week ahead: General election, Fuller Smith & Turner, WYG

The coming seven days will be dominated by general election speculation before the result is revealed Friday, but a few companies also report to the market.

Grafenia in line with revised forecasts

Grafenia said it expected full year results to be in line with revised market forecasts for revenue, EBITDA and net cash despite mixed trading conditions since its late update on 21 February.

The group said transactional print revenues in February ended behind the same period last year but revenues from print in March were strong, significantly ahead of both its internal budget and the corresponding period last year.

The group said the board expects full year results to be in line with revised market expectations for revenue, EBITDA and net cash.

Grafenia earnings significantly behind forecasts

Grafenia has warned that full year earnings and are likely to be significantly behind market expectations.

The group said that while it was making progress with its transformation plan, a material part of its revenues continued to come from transactional print volumes and soft demand in January and early February would impact full year earnings.

At 9:13am: (LON:GRA) Grafenia share price was -1.5p at 6.13p

Grafenia completes acquisition of ADD Signs

Grafenia has completed the acquisition of the entire share capital of Liverpool based ADD Signs (Arthur Diamond Design Limited).

Mark Eccleston, the vendor of ADD Signs, joins Grafenia as regional director of the main operating company in the group. He will continue to lead the team at ADD Signs and develop the business.

In the year ending 31st December 2016, ADD Signs' turnover was approximately £375,000. Grafenia chief executive Peter Gunning said "After working on projects with Mark and his team for several years, we are delighted to welcome them to the Grafenia family.

Director Deals - Grafenia (GRA)

Peter Gunning, Chief Executive Officer, bought 250,000 shares in the company on the 16th November 2016 at a price of 8.00p. The Director now holds 1,250,000 shares.

Director deals data provided by www.directorsholdings.com

Director Deals - Grafenia (GRA)

Conrad Bona, Non Executive Director, bought 90,000 shares in the company on the 8th November 2016 at a price of 6.39p. The Director now holds 540,000 shares.

Director deals data provided by www.directorsholdings.com

FTSE tiptoes higher as all eyes on US election

London stocks tiptoed higher in early deals as the market's attention turns to the acrimonious US election contest between Democrat candidate Hilary Clinton and Republican hopeful Donald Trump, overshadowing UK's non-binding Brexit soap for at least a few days.

Soon after the open, FTSE 100 was up 3.31 points, or 0.05%, to 6810.21, while FTSE 250 was up 22.32, or 0.13%, to 17,480.0.