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Pin to quick picks88 Energy Share News (88E)

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UK TRADING UPDATE SUMMARY: Joules In Lockdown Hit But Online Surges

Wed, 23rd Sep 2020 19:09

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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Joules Group PLC - Leicestershire-headquartered lifestyle brand - Says revenue in 13 weeks to June 1 ahead of expectations at GBP39.6 million, down 18% year-on-year. E-commerce revenue surged 63% annually but Joules hit as some bricks and mortars stores were not open through whole period.

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Hornby PLC - Margate-based model train firm - Says sales and margins between April 1 and August 31 higher year-on-year. "As is usually the case in our industry; the outcome for the full year is subject to the sales rate over the key Christmas trading period and there is the potential for disruption depending on the arrangements for leaving the EU," Hornby said.

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St James House PLC - lottery and e-commerce company - Says payments division saw 25% rise in pound accounts and 10% increase in euro. Lottery unit Prize Provision Services Ltd "has seen stability in the number of entries into the lotteries", despite Covid-19. Hopeful of increased entries in second half of year. Astro Kings, operator of five-a-side football pitches, still fully open with occupancy levels typical for this time of year. St James notes new Covid-19 restrictions could hurt Astro Kings but does not expect "material impact on the group".

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Escape Hunt PLC - escape room operator - Signs licensing deal with software developer, giving Escape Hunt "full access" to a digital platform allowing it to develop escape games and scavenger hunts. "The announcement today represents a further important step in the development of the company's digital and remote play propositions," Escape Hunt said.

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Live Company Group PLC - events firm - Signs contract for Paddington Bear showcase in White Rose shopping centre, Leeds. "This is the second time we have partnered with the White Rose centre who are delighted to be showcasing the Paddington Bear Models during the Christmas period 2020," Live Company said.

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Amino Technologies PLC - Cambridge-based media and entertainment firm - Provides upcycling and cloud technology to television in Argentina. "Whilst this project is not expected to generate material revenues for the company in the year ending 30 November 2020, it is expected to secure recurring software revenues in due course, in keeping with Amino's strategic focus," Amino said.

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Mobile Tornado Group PLC - Harrogate, North Yorkshire-based communications company - Extends loan facility agreement with InTechnology PLC. Facility now expires on September 26, 2021, has a maximum principal amount of GBP300,000 and bears a 10% annual interest.

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Applied Graphene Materials PLC - graphene materials maker with headquarters in Redcar, Cleveland - Says car care products maker INFINITY WAX to launch QDX Graphene Detailing Spray in fourth quarter. Car polish product is graphene-enhanced, Applied Graphene said.

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Fulcrum Utility Services Ltd - Sheffield-based multi-utility infrastructure and services provider - Says first quarter saw increase in activity month-on-month as lockdowns eased. Company's order book at August 31 at GBP69.4 million, up from GBP66.2 million in March.

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Zoo Digital Group PLC - cloud-based localisation and digital distribution services provider - Expects to report double-digit annual revenue growth in six months to September 30. Chair Gillian Wilmot said: "This is against an industry backdrop in which the suspension of new productions is approaching six months, resulting in a significant reduction in work for all businesses associated with TV and film production, post-production and media localisation. We see this performance as a strong endorsement of our business model."

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Bigblu Broadband PLC - Bicester, England-based broadband services provider - Unit Quickline wins "competitive" tender to provide wireless access in Lincolnshire. BigBlu said: "The programme will receive an initial subsidy of up to GBP4.6 million, with GBP3.1 million of funding confirmed from the Lincolnshire Local Authority and GBP1.5 million confirmed from the European Regional Development Fund. A further GBP1.5 million of subsidy is available subject to certain conditions. Quickline is also committing GBP2.0 million of investment to support the roll-out.

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Oracle Power PLC - power & natural resource project developer - Using option to extend publication of interim results. Now has until October 31 to report on first half earnings.

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Ilika PLC - Romsey, England-based solid-state battery technology developer - Signs framework agreement with UK Battery Industrialisation Centre solid-state pouch cells which can be used in electric vehicles.

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Hardide PLC - Oxfordshire-based advanced surface coating technology - For year ended September 30, expects to report revenue of GBP4.7 million and loss before interest, tax, depreciation and amortisation of GBP500,000, in line with expectations.

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European Metals Holdings Ltd - Australian mineral exploration & development company - Appoints Process Technologies GmbH as lead engineer for minerals processing and lithium battery-grade chemicals production at Cinovec project in Czech Republic.

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Panther Metals PLC - mineral exploration company focused on Canada and Australia - Says "five areas of interest" found at Big Bear gold project, Canada following systematic grid soil sampling. Two of these areas are "high priority targets".

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Hummingbird Resources PLC - African gold producer - Pasofino Gold Ltd, partner at Dugbe gold project, completed CAD10.0 million, about GBP5.9 million. "Pasofino plans to use the net proceeds from the fundraise for exploration and development work at the Dugbe project," Hummingbird said.

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Bluebird Merchant Ventures Ltd - Korean-focused gold development firm - Says acquisition of gold projects owned by Southern Gold progressing. Independent expert will soon be appointed and will make a value determination within 30 days thereafter. Also notes there is "local support" for company to restart a project in Philippines which has been dormant for roughly four years.

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88 Energy Ltd - Australian exploration & production company - Conducts seismic attribute work at Project Peregrine, Alaska. Says work finds "several similarities" a Project Peregrine with existing fields nearby.

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Angus Energy PLC - UK-focused onshore oil and gas explorer - Raised GBP1 million through fundraising. Angus said 111.1 million shares placed at 0.9 pence each. Also seeking to raise GBP12 million through issue of senior secured debt facility.

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Altus Strategies PLC - mining royalty company with headquarters in Oxfordshire - Begins trading on OTCQX Best Market in US. "OTCQX is the highest tier of the OTC market and we are delighted to be admitted to trading as a means of enhancing our visibility to prospective US investors," Chief Executive Steven Poulton said.

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Blue Star Capital PLC - esports, payments and technology focused investor - Invests GBP115,500 in French firm FORMATION Esports SAS. "The purpose of the fundraise, in which the company has participated, is to provide Formation with funds to launch a dedicated esports platform aimed at providing contact sports clubs with revenue and sponsorship generating opportunities and increased exposure," Blue Star said.

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Triple Point VCT 2011 PLC - venture capital trust - Notes venture share class makes three new investments. Makes GBP150,000 in 3D imaging and software business Artificial Artists. Invests same amount in background checking company Veremark. Makes GBP500,000 investment in an unnamed data encryption company.

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Conygar Investment Company PLC - UK-focused property investment and development group - Says resolution to grant planning permission for Conygar development plan in Notthingham has been passed. Plans include three-storey 20,000 square feet asset with events space and rooftop terrace.

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First Property Group PLC - property fund manager - Rent collection since March 31 at directly owned properties in Poland at 96%, 93% in Romania. In properties held by funds managed by FPAM, UK rent collection at 94%, Poland at 96% and Romania at 95%.

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Arrow Global Group PLC - buyer of debt from banks, credit card companies and telecommunications businesses - Raises EUR300.0 million for pan-European non-performing loans fund, taking total capital commitments to EUR1.5 billion.

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Uniphar PLC - healthcare services firm - Completes acquisition of US-based Diligent Health Solutions.

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Oncimmune Holdings PLC - immunodiagnostics company - Signs deal with Genentech, part of Roche Holding AG to characterise autoantibody profiles in patients who are taking part in clinical trials for rheumatological diseases like Lupus.

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PureTech Health PLC - biotherapeutics company - Submits draft registration statement to the United States Securities & Exchange Commission over listing of American depository shares on Nasdaq Stock Market.

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SDI Group PLC - Cambridge-based medical technology firm - Says it has made "a very good start to the new financial year". Confident of delivering results in line with expectations for full-year.

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ValiRx PLC - clinical-stage biotechnology company - Notes recent movement in share price. Says it will still receive VAL 201 trial findings by September 30.

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Real Good Food PLC - food ingredients supplier - Reports revenue of GBP27.0 million in five months to August, down 28% lower annually. In August alone, sales down 7% year-on-year. "Whilst our businesses have been affected by the ongoing Covid-19 crisis, both Brighter Foods and Cake Decorations are experiencing recoveries in their respective markets," Chair Mike Holt said.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
9 Aug 2023 11:37

IN BRIEF: 88 Energy announces offer to raise GBP6.3 million

88 Energy Ltd - Alaska-focused oil explorer - Posts offer to raise GBP6.3 million at 0.0031 pence per share. After this the company will have issued around 2.01 billion share, and will have total shares on issue of 22.12 billion shares. 88 Energy says that it will apply the funds raised from the offer it fund ongoing activity across its portfolio of oil and gas exploration assets, focusing on the North Slope of Alaska and onshore Texas. 88 Energy announced this plan on July 31, saying at the time that net cash it received will be used for flow testing of the Hickory-1 well at Project Phoenix in the North Slope of Alaska and on development wells and work-overs at Project Longhorn in Texas, alongside other testing and activities.

Read more
31 Jul 2023 11:22

88 Energy seeks to raise up AUD12 million in rights issue of shares

(Alliance News) - 88 Energy Ltd on Monday announced plans to raise up to AUD12.0 million, about GBP6.3 million, from a rights issue of shares, which it will use to progress projects in the US states of Alaska and Texas.

Read more
3 Jul 2023 17:31

TRADING UPDATES: Mycelx wins deal; 88 Energy buys in Texas

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Read more
27 Jun 2023 11:53

IN BRIEF: 88 Energy plans to obtain resource report for Project Leonis

88 Energy Limited - Australia-based, Alaska-focused oil explorer - Says that internal review of Project Leonis shows that it has strong seismic-well tie. Project Leonis comprises ten leases covering approximately 25,430 contiguous acres in Alaska. 88 Energy was issued award notices for the project in April. The company says that its initial review of the Hemi Springs Unit number three has indicated around 200 feet of logged bypassed net pay in the Upper Schrader Bluff reservoir, with good porosity and oil shows evident throughout.

Read more
23 Jun 2023 15:05

88 Energy progresses Hickory-1 flow testing programme

(Sharecast News) - 88 Energy updated the market on its Hickory-1 flow testing programme and post-well analysis on Friday, reporting that it was planning to conduct flow tests on multiple zones within the Hickory-1 well, with all zones expected to yield positive results based on reservoir characteristics.

Read more
4 May 2023 16:11

UK shareholder meetings calendar - next 7 days

Friday 5 May 
abrdn Smaller Companies Income Trust PLCAGM
Holders Technology PLCAGM
HSBC Holdings PLCAGM
InterContinental Hotels Group PLCAGM
James Fisher & Sons PLCAGM
Man Group PLCAGM
Rightmove PLCAGM
UK Oil & Gas PLCAGM
Monday 8 May 
no events scheduled 
Tuesday 9 May 
Caledonia Mining Corp PLCAGM
Direct Line Insurance Group PLCAGM
Foxtons Group PLCAGM
Hostelworld Group PLCAGM
IWG PLCAGM
Just Group PLCAGM
Midwich Group PLCAGM
Osirium Technologies PLCAGM
Windward LtdAGM
Wednesday 10 May 
abrdn PLCAGM
Antofagasta PLCAGM
Cenkos Securities PLCAGM
Ecora Resources PLCAGM
H&T Group PLCAGM
Harbour Energy PLCAGM
Jupiter Fund Management PLCAGM
Literacy Capital PLCAGM
Luceco PLCAGM
Marshalls PLCAGM
National Express Group PLCAGM
Renewables Infrastructure Group LtdAGM
Rentokil Initial PLCAGM
Seplat Energy PLCAGM
Spirax-Sarco Engineering PLCAGM
TClarke PLCAGM
Thursday 11 May 
88 Energy LtdAGM
Cairn Homes PLCAGM
Capita PLCAGM
Clarkson PLCAGM
Costain Group PLCAGM
Eleco PLCAGM
Eurocell PLCAGM
FBD Holdings PLCAGM
Genedrive PLCGM re Equity Prepayment Facility
Genel Energy PLCAGM
Gresham House PLCAGM
Gym Group PLCAGM
Hiscox LtdAGM
Irish Continental Group PLCAGM
John Wood Group PLCAGM
MyHealthChecked PLCAGM
OSB Group PLCAGM
Poolbeg Pharma PLCAGM
Rolls-Royce Holdings PLCAGM
Serinus Energy PLCAGM
Uniphar PLCAGM
Videndum PLCAGM
WAG Payment Solutions PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
26 Apr 2023 18:45

TRADING UPDATES: Ecora portfolio additions up, Gem Diamonds carats up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
21 Apr 2023 12:45

Pantheon Resources "pleased" by 88 Energy well data exchange results

(Alliance News) - Pantheon Resources PLC said on Friday that it was "pleased" by the preliminary findings of its data exchange with 88 Energy Ltd, which Pantheon Resources said provided "valuable data" on its southern lease boundary.

Read more
20 Apr 2023 10:49

88 Energy says subsidiary formally awarded Project Leonis acreage

(Alliance News) - 88 Energy Ltd on Thursday said that the Alaskan Department of Natural Resources has formally issued award notices to Captive Energy Alaska Inc for the Project Leonis lease area.

Read more
11 Apr 2023 14:52

88 Energy achieves success in latest Hickory-1 work

(Sharecast News) - Oil and gas explorer 88 Energy announced the successful completion of the wireline logging suite and sidewall coring programme for its Hickory-1 well on Tuesday, confirming the presence of multiple hydrocarbon-bearing zones.

Read more
11 Apr 2023 12:55

IN BRIEF: 88 Energy "excited" about results from Hickory-1 in Alaska

88 Energy Ltd - Alaska-focused oil explorer - Completes the wireline logging suite and sidewall coring programme at the Hickory-1 well in Alaska, allowing it to progress to flow testing. 88 Energy holds a 75% working interest in the well and is the operator.

Read more
3 Apr 2023 10:58

88 Energy sees shares rise on completion of Hickory-1 well drilling

(Alliance News) - 88 Energy Ltd on Monday celebrated the discovery of a new reservoir, as it completed drilling at the Hickory-1 exploration well to a total depth of 10,650 feet.

Read more
29 Mar 2023 14:30

TRADING UPDATES: LoopUp eyes annual revenue to ahead of market view

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday not separately reported by Alliance News:

Read more
23 Mar 2023 14:25

88 Energy progresses drilling at Hickory-1

(Sharecast News) - Oil and explorer 88 Energy announced successful progress in its drilling operation on the North Slope of Alaska on Thursday.

Read more
23 Mar 2023 11:06

88 Energy advances Alaskan development on drilling of Hickory-1 hole

(Alliance News) - 88 Energy Ltd on Thursday said that it has made progress in Alaska, after successfully drilling the Hickory-1 surface hole to 3,570 feet.

Read more

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