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Share Price: 63.00
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Change: -1.50 (-2.33%)
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EARNINGS AND TRADING: Michelmersh continues with positive order intake

Thu, 16th May 2024 14:32

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

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Guild Esports PLC - London-based esports business - Enters into fighting game series, Tekken. Signs Awais Liaqat as its first professional Tekken player. "Awais, who has signed a 12-month contract with Guild, is a seasoned Tekken professional and the first esports player to represent Pakistan at an international level," it says. Chief Executive Jasmine Skee says: "We have been waiting for the right time to enter Tekken, and with the upcoming Esports World Cup and the launch of Tekken 8, now is the perfect opportunity. It is testament to our esports prestige that we have been able to attract a player of Awais' calibre to Guild, and we look forward to seeing him compete in a Guild jersey."

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Diaceutics PLC - Belfast-based provider of diagnostic commercialisation services to pharmaceutical and biotechnology companies - Increases the number of enterprise-wide engagements it has with "top 20 global pharma customers" to six engagements from four, across 29 separate therapeutic brands. Enterprise-wide engagements currently represent annual recurring revenue of GBP9.0 million, GBP2.5 million of which relates to the two additional engagements. CEO Ryan Keeling comments: "The strength of our growing pipeline of new enterprise-level contracts highlights the progress we are making in becoming the primary commercialisation partner for pharma and biotech companies launching new precision medicines, validating the accelerated investment in our platform technology. These new engagements represent a significant step forward towards our core mission of getting every eligible patient the right test and the right therapy to positively impact their disease outcome."

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Michelmersh Brick Holdings PLC - Haywards Heath, West Sussex-based brick maker - Says it has continued to experience positive momentum in order intake. Explains that momentum reflects "the benefits of our product portfolio's broad reach and the strong customer loyalty and distributor relationships we have across our end markets". Says it remains mindful of the higher interest rate environment and its impact on demand across the wider construction industry. Looking ahead, expects to deliver full year trade in line with full-year expectations.

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Ilika PLC - Romsey, England-based solid-state battery technology company - Trading for year ended April 30 has been in line with management expectations. Expects revenue to be about GBP2.1 million, up from GBP700,000 a year earlier. Loss before interest, tax, depreciation and amortisation comes in at GBP4.5 million, narrowed from GBP7.0 million.

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Anglo Asian Mining PLC - Azerbaijan-focused gold, silver and copper producer - Revenue in 2023 fell to USD45.9 million from USD84.7 million, due to lower production. Notes pretax loss USD32.0 million from a profit of USD7.5 million. Operating loss of USD24.8 million, versus a profit of USD9.3 million. "Despite the adversity, good progress was achieved in 2023," the company says. "Anglo Asian remains confident in delivering its medium-term growth strategy to become a mid-tier copper-focused miner by 2028."

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Water Intelligence PLC - London-based leak detection services company - Revenue increases by 6% to USD20.5 million in quarter ended March 31 from USD19.4 million a year earlier. Pretax profit climbs 14% to USD2.0 million from USD1.8 million. Ebitda rises by 9% to USD3.5 million from USD3.2 million.

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Arecor Therapeutics PLC - West Sussex, England-based biopharmaceutical firm - Revenue in 2023 comes in at GBP5.7 million from GBP3.7 million a year earlier. Pretax loss narrows to GBP8.9 million from GBP10.4 million. CEO Sarah Howell says: "I believe the group is in a strong position and we are poised to deliver against a number of key milestones in 2024, in particular, completion of the Phase I trial of AT278 with results expected in H1."

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By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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17 Apr 2024 13:53

Anglo Asian Mining sees quarterly production drop on approval wait

(Alliance News) - Anglo Asian Mining PLC on Wednesday posted a decline in first quarter production, as it waits for government approval to raise its tailings dam wall in Azerbaijan.

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17 Apr 2024 08:53

LONDON MARKET OPEN: Stocks mixed as UK data douses BoE cut hope

(Alliance News) - Stock prices in London opened mixed on Wednesday, with the FTSE 100 underperforming European peers, with a hotter than expected UK inflation reading lifting the pound.

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20 Feb 2024 15:03

Anglo Asian unveils maiden Xarxar resource estimate

(Sharecast News) - Anglo Asian Mining announced a significant milestone on Tuesday, with the completion of its maiden JORC 2012 mineral resource estimate for the Xarxar copper deposit in Azerbaijan.

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20 Feb 2024 11:29

Anglo Asian Mining completes maiden JORC resource estimate for Xarxar

(Alliance News) - Anglo Asian Mining PLC on Tuesday said it completed its maiden JORC mineral resource estimate for its Xarxar copper deposit.

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16 Feb 2024 13:13

Anglo Asian gives up board seat on Libero board

(Sharecast News) - Azerbaijan-focussed gold, copper and silver producer Anglo Asian Mining announced the resignation of non-executive director Michael Sununu from the board of Libero Copper & Gold on Friday.

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16 Feb 2024 12:55

IN BRIEF: Anglo Asian loses director on Libero board as stake falls

Anglo Asian Mining PLC - Azerbaijan-focused copper, gold and silver producer - Non-Executive Director Michael Sununu resigns from the board of Libero Copper & Gold Corp, after Anglo Asian Mining's stake in Libero falls to 5.7%, lower than the 9.9% threshold that entitles the company to maintain a director on the board of Libero. Anglo Asian Mining says its holding in Libero has reduced as it has not participated in several recent rounds of financing.

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25 Jan 2024 11:51

IN BRIEF: Anglo Asian climbs amid copper resource discovery at Xarxar

Anglo Asian Mining PLC - Azerbaijan-focused copper, gold and silver producer - Confirms significant copper resource at Xarxar following drilling. Says drill results will form part of a forthcoming JORC mineral resource estimate for the Xarxar deposit. Further infill and extension drilling will be planned, along with a metallurgical testwork programme and geometallurgical modelling, Anglo Asian says, once the MRE is published. A mining trade-off study including a mine design and a production plan will also be prepared. Vice President Stephen Westhead says: "We are delighted to announce the findings of our recent drilling campaign at Xarxar, confirming internal estimates regarding the presence of significant quantities of copper at the deposit. This reaffirms the potential size of the mineral deposit that can be brought into production."

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19 Jan 2024 12:02

Anglo Asian commits to Global Industry Standard on Tailings Management

(Alliance News) - Anglo Asian Mining PLC on Friday said it will implement the Global Industry Standard on Tailings Management at its operations at Gedabek, Azerbaijan.

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15 Jan 2024 09:55

Anglo Asian Mining production drops amid temporary suspension

(Alliance News) - Anglo Asian Mining PLC on Monday said fourth quarter production was "significantly reduced" due to partially suspended operations, but said mining activity at Gedabek has resumed.

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8 Jan 2024 08:40

LONDON MARKET OPEN: Commodity-heavy FTSE 100 heads lower; Shell slips

(Alliance News) - The FTSE 100 kicked off the week on a downbeat note at Monday's market open, amid share price falls for commodity stocks.

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12 Dec 2023 10:42

Anglo Asian Mining expects Gilar site to begin production in mid-2024

(Alliance News) - Anglo Asian Mining PLC announced on Tuesday the purchase and delivery of Caterpillar Inc equipment to its Gedabeck mine site, where it expects production to commence in mid-2024.

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11 Dec 2023 17:54

TRADING UPDATES: Surface Transforms signs GBP13.2 million loan deal

(Alliance News) - (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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7 Nov 2023 11:55

Anglo Asian shares soar as mining restarts after environmental audit

(Alliance News) - Anglo Asian Mining PLC on Tuesday said its full-year gold production target is unchanged, as it begins to restart operations after agreeing an environmental action plan with the Government of Azerbaijan.

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