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PCI-PAL posts annual loss even as sales rise 56% | 8 March 2021 - Vimarsana News

PCI-PAL posts annual loss even as sales rise 56% | 8 March 2021

8 March 2021 | 08:03am StockMarketWire.com - Payments group PCI-PAL booked a full-year loss rising revenue was more than offset by business expenses. Pre-tax losses for the year through December amounted to £2.25 million, compared to losses of £2.32 million year-on-year. Revenue rose 56% to £3.19 million. PCI-PAL did not declare any dividends. 'I am delighted with the continued progress and positive momentum being shown by the Group as we report on another strong period of growth and development,' chief executive James Barham said. 'The business has taken another substantial step forward w...

CIP Merchant Capital rejects 50p/share offer from Corporation Financiere Europeenne | 15 February 2021 - Vimarsana News

CIP Merchant Capital rejects 50p/share offer from Corporation Financiere Europeenne | 15 February 2021

15 February 2021 | 09:52am StockMarketWire.com - CIP Merchant Capital said it had rejected a takeover offer from Corporation Financiere Europeenne, saying it 'significantly' undervalued the company. The all-cash offer at a price of 50 pence per ordinary share was deemed to be 'opportunistic' and significantly undervalued CIP's current investment portfolio and the company as a whole, CIP Merchant Capital said. The offer represented an approximately 10% to 19% discount to share price of the company between 27 January 2021 and 12 February 2021. 'The possible offer price clearly significantly...