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Pin to quick picksAnglo Asian Share News (AAZ)

Share Price Information for Anglo Asian (AAZ)

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Share Price: 70.50
Bid: 67.00
Ask: 74.00
Change: -3.50 (-4.73%)
Spread: 7.00 (10.448%)
Open: 72.00
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Low: 70.50
Prev. Close: 74.00
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TRADING UPDATES: Tasty sales rise; Synectics wins National Grid deal

Tue, 08th Mar 2022 12:33

(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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Tasty PLC - London-based casual dining restaurant operator - Says revenue in year ended December 26 amounts to GBP34.9 million, up 44% from GBP24.2 million. Revenue reaches 78% of pre-pandemic level of GBP44.6 million. Expects a swing to adjusted earnings before interest, tax, depreciation and amortisation of GBP8.0 million, from GBP2.7 million loss. "In addition, there has been a recruitment drive to strengthen the head office team and operational structure. This increase in head count will facilitate a measured expansion plan for a pipeline of five to six new units this year and a refocus on takeaway and delivery which, following the lifting of Covid restrictions, due to employee shortages has once again become secondary to the dine-in trade," Tasty adds.

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Synectics PLC - Sheffield, England-based provider of security systems - Awarded "substantial long-term contract" to supply security management software support to National Grid PLC. Total value of contract is confidential but Synectics expects to recognise GBP600,000 revenue this financial year.

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Blencowe Resources PLC - miner focused on developing the Orom-Cross graphite project in Uganda - Says "extensive" infill drilling programme completed in 2021 to provide updated JORC resource estimate to go towards pre-feasibility study at Orom-Cross. Work is "underway" to delivery the study by the mid-year target date.

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Anglo Asian Mining PLC - gold, copper and silver producer focused in Azerbaijan - Affirms that company and operations in Azerbaijan unaffected by sanctions imposed on Russian state, companies and individuals. "The company expects no material impact on its supply chain or operations due to the conflict in Ukraine, but will continue to monitor events on a regular basis," Anglo Asian adds.

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Zinnwald Lithium PLC - High Wycombe, England-based mineral exploration and development company - Test work finds production of battery grade lithium hydroxide from zinnwaldite concentrate is economically viable. Test work also confirms Zinnwald lithium project in Germany can produce "high-quality by-products", including potassium sulphate and precipitated calcium carbonate.

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East Star Resources PLC - Kazakhstan-focused gold and copper explorer - Says historical drill results at Eshkilitau II target in Kazakhstan "confirm the presence of a high-grade gold system". Drilling was conducted between 2005 and 2006.

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Harvest Minerals Ltd - Arapua fertiliser project in Brazil - Says accumulated orders for 2022 as of end of February total 30,161 tonnes, up more than eleven-fold compared to internal forecasts. Also represents 20% of 2022 sales target of 150,000. In addition, Harvest says is in "well advanced" stage of planning capacity increase to 200,000.

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NWF Group PLC - Nantwich, England-based agricultural feed, food and fuel distributor - Says strong first half carries over into second half of year ending May 31. Expects annul results to be "significantly" ahead of board expectations. Notes Russia invasion of Ukraine has lifted oil prices. "To date, there have been no major supply issues and we continue to meet demand across the country," NWF says on its fuels arm. Feed commodity prices have also risen, NWF notes, something that will be "more keenly" felt in summer trading as raw material purchases for winter have already been made.

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Ixico PLC - London-based neuroscience data analytics company - Selected by existing US biotechnology client to provide positron emission tomography, or PET, and magnetic resonance imaging, or MRI, neuroimaging services. Ixico to provide services for a phase I/II dose finding study evaluating a gene-therapy drug candidate in adult subjects with early signs of Huntington's disease. Pact is worth GBP800,000 and trial runs for five years.

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Triple Point Social Housing REIT PLC - London-based real estate investment trust - Eyes altering investing policy, following consultation with a number of shareholders, board and investment manager. Also mulling removal of minimum lease term restriction. Proposes change to allow company to take on costs of funding planned maintenance. Triple Point Social would also like to enter into leases which have upward only adjustments, "tracking either inflation or central housing benefit policy". Changes to be proposed at annual general meeting on May 27.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. 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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7 Nov 2023 10:44

AIM WINNERS & LOSERS: Naked Wines cuts outlook and CEO steps down

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

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23 Oct 2023 13:56

Anglo Asian Mining identifies further mineralisation at Gilar deposit

(Alliance News) - Anglo Asian Mining PLC on Monday said further drill results at the Gilar deposit confirm an extension to the mineralisation reported by previous drilling.

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