Lamprell to unveil twice-delayed results; name change trio also reporting

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Tuesday’s absence of big names in the City diary provides an opportunity for some lesser lights.


The headlights are not necessarily off at car dealership group Lookers PLC (LON:LOOK), but the planned release of final results on Tuesday has been delayed, the company said today.


Completion of the accounts is almost complete – and the board is not aware of any material issues – Lookers said, but the board and new auditors need slightly more time.


The aim is to complete them by the end of the month “but some timing risk still exists”.


Other names in the diary include offshore services firm Lamprell PLC (LON:LAM), which has already delayed its final results twice.


Back in January the company reported “improving financial performance” and trading in line with board expectations as it also unveiled a strategic reorganisation into three new business units to repositioning the business for the energy transition: Renewables, Digital and Oil & Gas.


Management said the change was designed to “increase the group’s focus on renewables and the energy transition, increase alignment with customers and enable the group to take full advantage of the significant opportunities in its core markets”.


Tuesday’s update should provide news on how the early stages are going, including its recent ‘accelerated focus’ on digital innovation.


Elsewhere, we should also hear from retail gift card specialist Appreciate Group PLC (LON:APP), formerly known as Park Group. Its last update, in April, revealed final numbers should be in line with market expectations.


Data collection experts D4t4 Solutions (LON:D4T4), formerly IS Solutions, said in it’s pre-close update that it had enjoyed a strong second half and that revenue and adjusted profit before tax both anticipated to be ahead of prior expectations.


Finally, Seeen PLC (LON:SEEN), which to complete the trio of name changes was known as Entertainment AI until last autumn, said in its own update in Arpil that its profit before tax was in line with market expectations.


Amid fast-moving market dynamics and opportunities created by Covid, the media and video technology platform operator said it is looking to “build further momentum through acquisitions of digital content, analytics and advertising companies”.


Significant announcements expected on Tuesday June 29:


Finals: Appreciate Group PLC (LON:APP), D4t4 Solutions PLC (LON:D4T4), Lamprell PLC (LON:LAM), Lookers PLC (LON:LOOK), Seeen PLC (LON:SEEN)


Economic data: UK car production, UK mortgage lending, US house prices

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