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Share Price: 216.00
Bid: 214.50
Ask: 216.50
Change: -0.50 (-0.23%)
Spread: 2.00 (0.932%)
Open: 216.00
High: 217.00
Low: 211.00
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TRADING UPDATES: Spectra cash cleaner strong on Covid; Fintel grows

Wed, 21st Jul 2021 20:19

(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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Spectra Systems Corp - Rhode Island-based authentication technology provider - Says tests in Boston show Spectra's Aeris banknote cleaning process also rids SARS-2 "below detectable limits". "When Covid-19 was emerging as a pandemic, a multitude of central banks expressed interest in whether Aeris could both remove soiling as well as deactivate SARS-2. This new data makes Aeris valuable both for saving banknote replacement costs as well as for increasing the safety of cash," Spectra says.

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Bloomsbury Publishing PLC - London-based publisher - Says total revenue grows 28% annually to GBP63.1 million in four months to June. "Consumer division revenues were 26% ahead of last year, with strong print and e-book sales. Adult revenues grew by 17% and Children's revenues by 32%," Bloomsbury says. "The board expects the group's performance for the year ending 28 February 2022 to be in line with market expectations." Notes consensus is for revenue of GBP193.4 million and pretax profit before "highlighted items" of GBP19.3 million.

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Bluefield Solar Income Fund Ltd - Guernsey-based income fund that invests primarily in solar assets - Raises GBP105.1 million through issue of 89.1 million shares at 118 pence each. "The proceeds raised will enable us to further diversify and grow the company's extremely high quality portfolio of renewable infrastructure assets," Chair John Rennocks says.

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Adriatic Metals PLC - Cheltenham, England-based precious and base metals explorer and developer - Qualifies for upgrade to OTCQX Best Market, OTC Markets Group's premier market for companies seeing US investors. Adriatic adds: "By upgrading to the OTCQX, Adriatic enables its current and prospective US investors improved market visibility, increased trading liquidity and the most up-to-date information otherwise not found on the Pink market. Approximately 20% of the company's investor base is in North America."

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Harbour Energy PLC - North Sea-focused oil and gas company - Says issues with HGS Tolmount platform identified in electrical systems are "now being investigated and rectification plans are being developed". Says first gas at Tolmount delayed beyond end of July, now likely around year-end. Says 2021 production guidance is now 185,000 to 195,000 barrels of oil equivalent per day.

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Bushveld Minerals Ltd - Johannesburg-based vanadium producer - Says second quarter output rises 13% annually to 886 metric tonnes of vanadium. For first half, output down 5.2% year-on-year to 1,574 metric tonnes. Sales volumes in second quarter rise 20% yearly to 820 metric tonnes, but fall 8.9% to 1.6 metric tonnes in all of first half.

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Ariana Resources PLC - London-based gold exploration and development company - Updates on drilling and resource at Kepez North area of Kiziltepe mine. Reports resource of 36,400 ounces of gold and 329,400 ounces of silver. Reflects 97% increase in contained gold ounces over previous resource estimate in 2020. "This is a great outcome from the recent drilling undertaken in the Kepez area," Ariana Managing Director Kerim Sener says.

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Kavango Resources PLC - mineral exploration company - Says proof of concept drilling begins in Kalahari Suture Zone, Botswana. Specifically, Kavango eyeing A2 target. "With the drill bit now turning at A2, we should soon hopefully become the first company ever to retrieve core samples from the bottom of a Karoo-age gabbro in the region," Chief Executive Ben Turney says.

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Bradda Head Holdings Ltd - British Virgin Islands-based lithium explorer with assets in Nevada and Arizona - Reports plans for fast-track programme at Burro Creek East designed to twin five existing holes and drill five more as Bradda Head eyes resource extension at Arizona, US asset. Company adds: "141 meters have been drilled of a planned 991 metres." First set expected in third quarter.

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Arena Events Group PLC - London-based event solutions provider - Repays short-term financing facility provided by Lombard Odier Investment Management. Says amount drawn down is GBP2.0 million and notes GBP500,000 interest.

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Regional REIT Ltd - real estate investment trust focused on UK offices outside London - Exchanges contracts with ARA Dunedin to sell "significant industrial property" for GBP45.0 million. Regional REIT adds: "The completion is conditional upon the purchaser having in place the required financing. This reflects a net initial yield of 6.75% to the purchaser and is 7.5% above the valuation as at 31 December 2020." Portfolio includes seven assets, located in Bromborough, Erith, Nottingham, Scunthorpe, Telford, Winsford and Wisbech.

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Fintel PLC - Huddersfield-based business services provider to financial advisers - Says revenue up 10% in first half of 2021 to GBP31.7 million from GBP28.9 million a year prior. Adjusted earnings before interest, tax, depreciation and amortisation up 12% GBP8.3 million from GBP7.4 million. In addition, says agrees sale of non-core Zest Technology to FPE Capital for GBP10 million initially and possibly extra GBP1.5 million tied to revenue targets.

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CAP-XX Ltd - New South Wales, Australia-based supercapacitors manufacturer - Says custom power conversion and energy storage systems producer RGM Spa selects CAP-XX supercapacitors. CAP-XX says this is due to the ability of its supercapacitors to "store and release large amounts of energy and power for the industrial automotive market".

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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21 Jun 2023 09:51

Adriatic Metals says close to completion at Vares silver project

(Alliance News) - Adriatic Metals PLC said on Wednesday that construction at the Vares silver project in Bosnia and Herzegovina was near complete and that it will reach ore in the next two weeks.

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15 Jun 2023 10:07

IN BRIEF: Adriatic Metals reports high-grade mineralisation at Rupice

Adriatic Metals PLC - operator of Vares silver project in Bosnia & Herzegovina - Exceeds exploration objectives at the Rupice Northwest mineral deposit in the Vares project. Reconfirms Rupice Northwest lower zone as a copper and gold rich body. Notes mineralisation extension achieved to the west and south-west towards Rupice. Says infill drilling in the second quarter of 2023 showed continuity in high grades and mineralisation thickness between previously drilled holes, de-risking Rupice Northwest to an indicated resource level of confidence. Says advancement of regional exploration programme continues, having started the drilling of a fourth diamond drill rig at Rupice West this month. Adds drilling results will be included in an updated mineral resource estimate for Rupice in July.

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15 Jun 2023 09:12

LONDON BROKER RATINGS: Goldman Sachs cuts Diageo to 'neutral'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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15 Jun 2023 07:55

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(Alliance News) - Stocks in London were set to open lower on Thursday, after the US Federal Reserve paused its interest rate hikes but indicated that more will follow this year.

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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25 Apr 2023 14:14

Adriatic Metals draws down third tranche of debt financing from Orion

(Alliance News) - Adriatic Metals PLC said on Tuesday it has drawn down the third USD30 million tranche of senior secured debt from Orion Mine Finance.

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20 Apr 2023 10:34

Adriatic Metals reports high-grade mineralisation at Rupice Northwest

(Alliance News) - Adriatic Metals PLC on Thursday said that a new elevated base and precious metals zone has been identified below the footwall of the Rupice Northwest deposit.

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17 Apr 2023 10:49

Adriatic Metals Vares project 70% complete, delayed until November

(Alliance News) - Adriatic Metals PLC said on Monday its Vares project will begin production later this year and drew down the second tranche of senior secure debt.

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31 Mar 2023 12:10

Adriatic Metals loss widens as Vares project construction continues

(Alliance News) - Adriatic Metals PLC said on Friday its loss in 2022 widened amid an increase in expenses

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27 Feb 2023 10:34

Adriatic Metals drilling at Rupice demonstrates sulphide deposits

(Alliance News) - Adriatic Metals PLC on Monday said its exploration drilling at the Rupice Northwest project in 2022 was successful, showing that a trend of "thick, high-grade massive" sulphide mineralisation continuing.

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13 Feb 2023 07:54

LONDON BRIEFING: Kape Technologies gets offer; MJ Hudson auditor quits

(Alliance News) - Stocks in London were set to open slightly higher on Monday, though held back from bigger gains by hawkish comments from central bankers about interest rates.

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13 Feb 2023 07:48

Adriatic Metals draws down second tranche of debt financing for Vares

(Alliance News) - Adriatic Metals PLC on Monday said it has drawn down on the second tranche of its senior secured debt in order to continue constructing the Vares project in Bosnia & Herzegovina.

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