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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
11 Aug 2022 12:32

88 Energy launches share placing to finance Icewine East well

(Alliance News) - 88 Energy Ltd on Thursday announced a share placing to raise funds for the development of its Icewine East well exploration project.

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10 Aug 2022 12:20

88 Energy shares fall on turn to vast interim loss on expensive wells

(Alliance News) - 88 Energy Ltd on Wednesday posted a large swing to an interim pretax loss as the multi-million dollar drilling of two wells proved costly.

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10 Aug 2022 11:08

AIM WINNERS & LOSERS: Westminster and Pelatro rise on contract wins

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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27 Jun 2022 21:15

TRADING UPDATES: 88 signs license agreement; Lekoil litigates

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

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9 May 2022 20:24

IN BRIEF: 88 Energy third party evaluation of Icewine East complete

88 Energy Ltd - Australia-based oil explorer in US state of Alaska - Says third-party evaluation of the Icewine East mapping is now complete after Jordan & Pay evaluated the Shelf Margin Delta, Slope Fan Set and Basin Floor Fan play fairways across the project Icewine acreage on Alaska's North Slope. 88 Energy says that the studies confirm preliminary analysis and along with recent mapping efforts will form the basis of an independent volumetric and risking certification, expected to be completed by mid-2022.

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9 May 2022 16:04

UK shareholder meetings calendar - next 7 days

Tuesday 10 May 
Capita PLCAGM
Centamin PLCAGM
Direct Line Insurance Group PLCAGM
Doric Nimrod Air One LtdEGM re amending articles of incorporation
Gresham Technologies PLCAGM
HgCapital Trust PLCAGM
IWG PLCAGM
Just Group PLCAGM
Macfarlane Group PLCAGM
Temple Bar Investment Trust PLCAGM
Wednesday 11 May 
abrdn Asian Income Fund LtdAGM
Antofagasta PLCAGM
Capricorn Energy PLCAGM
Cenkos Securities PLCAGM
Clarkson PLCAGM
Conduit Holdings LtdAGM
Harbour Energy PLCAGM
Harbour Energy PLCGM re proposed capital reduction
Hostelworld Group PLCAGM
Impact Healthcare REIT PLCAGM
Jupiter Fund Management PLCAGM
LungLife AI IncAGM
MC Mining LtdEGM re director change
National Express Group PLCAGM
Rentokil Initial PLCAGM
Savills PLCAGM
Schroder Asian Total Return Investment Co PLCAGM
Spirax-Sarco Engineering PLCAGM
Spire Healthcare Group PLCAGM
Tasty PLCAGM
TClarke PLCAGM
TP ICAP Group PLCAGM
TransGlobe Energy CorpAGM
Tribal Group PLCAGM
Uniphar PLCAGM
Windward LtdAGM
Thursday 12 May 
Alfa Financial Software Holdings PLCAGM
Anglo Pacific Group PLCAGM
Baillie Gifford Shin Nippon PLCAGM
Balfour Beatty PLCAGM
BP PLCAGM
Bridgepoint Group PLCAGM
Cineworld Group PLCAGM
Circassia Group PLCAGM
ContourGlobal PLCAGM
ConvaTec Group PLCAGM
Empresaria Group PLCAGM
Eurocell PLCAGM
FBD Holdings PLCAGM
Genel Energy PLCAGM
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Gym Group PLCAGM
Hiscox LtdAGM
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Logistics Development Group PLCAGM
Luceco PLCAGM
Michelmersh Brick Holdings PLCAGM
OSB Group PLCAGM
Quilter PLCGM re capital return proposal
Quilter PLCAGM
Quilter PLCGM re B share return
Rolls-Royce Holdings PLCAGM
Schiehallion Fund LtdAGM
Secure Trust Bank PLCAGM
Serinus Energy PLCAGM
Shefa Gems LTDAGM
SIG PLCAGM
Unbound Group PLCAGM
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Derwent London PLCAGM
Gresham House Energy Storage Fund PLCGM re amendments to investment policy
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TT Electronics PLCAGM
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Wheaton Precious Metals CorpAGM
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Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
8 Apr 2022 14:33

IN BRIEF: 88 Energy rises after positive mapping result at Icewine

88 Energy Ltd - Australia-based oil explorer in US state of Alaska - Says the completed third party preliminary mapping of the Shelf Margin Delta play, where its "neighbour" Pantheon Resource has had success in recent months, indicates that all play fairways extend into its Icewine project. Says that Pantheon confirmed reservoir deliverability of light, sweet oil, which is positive for the prospectivity of the adjacent Icewine acreage. Says the completion of the independent resource update for project Icewine is scheduled for the second quarter.

Read more
8 Apr 2022 10:07

88 Energy upbeat on recent adjacent drilling near Icewine

(Sharecast News) - Alaska-focussed 88 Energy said on Friday that the ongoing assessment of play fairways onto its Project Icewine acreage, where it holds a 75% working interest, was progressing as planned.

Read more
23 Mar 2022 20:53

TRADING UPDATES: Arecor Therapeutics wins patent approval in US

(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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18 Mar 2022 15:55

88 Energy posts multiplied revenue and narrowed loss in full year

(Alliance News) - 88 Energy Ltd said on Friday it had jumped closer towards profit as revenue soared in 2021.

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17 Mar 2022 14:38

IN BRIEF: 88 Energy shares rise as it drills Merlin-2 surface hole

88 Energy Ltd - Australia-based oil explorer in US state of Alaska - Says it successfully drilled the Merlin-2 surface hole to 2,005 feet, installed and cemented the surface casting and tested the blowout preventer system.

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8 Mar 2022 20:24

IN BRIEF: 88 Energy commences drilling of Merlin-2 appraisal well

88 Energy Ltd - Australia-based oil explorer in US state of Alaska - Says the Arctic Fox rig drilling the Merlin-2 appraisal well, located in project Peregrine in the NPR-A region of the North Slope of Alaska, has commenced. The Merlin-2 appraisal well is planned for a total depth of about 8,000 feet, and is targeting 652 million barrels of oil.

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4 Mar 2022 21:44

TRADING UPDATES: Resolute Mining ups mine life and mineral resources

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

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1 Mar 2022 20:32

TRADING UPDATES: Hutchmed in Macau boost; UP Global success in Germany

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

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21 Feb 2022 18:12

TRADING UPDATES: Panther Securities wins lease; NightCap opens new bar

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

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