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Pin to quick picksAdriatic Metal. Share News (ADT1)

Share Price Information for Adriatic Metal. (ADT1)

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Share Price: 203.00
Bid: 203.50
Ask: 204.00
Change: 0.00 (0.00%)
Spread: 0.50 (0.246%)
Open: 205.00
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Low: 203.00
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UK TRADING UPDATE SUMMARY: Bagir Says Cash Insufficient To Carry On

Fri, 03rd Apr 2020 11:41

(Alliance News) - The following is a round-up of updates by UK companies on the impact of the Covid-19 pandemic, issued on Friday and not separately reported by Alliance News:

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Bagir Group Ltd - tailor - Trading suspended on AIM as existing orders placed on hold or cancelled by customers, giving limited visibility on future revenue and customer payments. As a result, company does not have enough cash to continue operating as a going concern. Board now assessing options.

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Salt Lake Potash Ltd - potash production - All contact with local Wiluna community in Western Australia ceased. Use of airport unaffected, continues to support business. Off-lake civil construction earthworks at Lake Way Project complete. First revenue expected in first quarter of 2021.

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DP Aircraft I Ltd - aircraft leasing - Suspends the payment of dividends, as discussions ongoing with Norwegian Air on its lease obligations involving two aircraft.

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Cenkos Securities PLC - stockbroker - Defers release of results for 2019 from original date of December 31, but expects to report continued profitability based on strong second half performance. Continuing operations as normal despite staff working remotely.

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Anexo Group PLC - credit hire and legal services - Delays publication of 2019 results in line with UK FCA request. Pretax profit expected to be in line with expectations. Defers decision on 2019 dividend payout, as well as proposed opening of new Leeds office. Performance in 2020 to date in line with expectations.

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Minoan Group PLC - resort development - Project in Crete not "unduly" affected by Covid-19 outbreak, but company's cash position constrained, and in discussions with loan provider for extension or settlement and restatement. Will publish results for year ended October 31 in April.

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Fox Marble Holdings PLC - marble quarrying - Operations in Kosovo deemed essential and allowed to continue, but with operations scaled back to specific projects. Operations in Macedonia significantly scaled back, as demand falls due to travel restrictions in China and Europe. Board to not take salary or fees until operations resume. London head office staff furloughed.

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Ceiba Investments Ltd - investment in Cuban real estate and tourism - Will not declare dividend for 2019, and withdraws guidance for future performance. Investee Miramar SA to close all hotels and substantially decrease its workforce. Investee TosCuba to lower capital expenditure on hotel construction in Trinidad, Cuba

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Clontarf Energy PLC - oil & gas - "High level" discussions over projects in Ghana and Bolivia postponed. In Ghana, ready to initiate Tano 2A work programme once petroleum agreement is signed and funding secured. In Bolivia, holding discussions with new interim government for proposal on medium-sized salt-lakes.

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ReNeuron Group PLC - cell-based therapeutics - Continues internal research projects. Initiates one such programme for utility of company's exosomes in increasing the potency of SARS-CoV-2 coronavirus vaccines. Clinical studies in US now subject to delays.

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SME Credit Realisation Fund Ltd - credit investment - To continue cash return to shareholders on quarterly basis, paying quarterly dividend of 1.3125p per share in May. Delays publication of net asset value as at March 31, and suspends share repurchases until NAV is published. Sale of portion of assets delayed.

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Adriatic Metals PLC - metals exploration - Exploration activity for Vares project in Bosnia & Herzegovina slightly delayed, but ongoing. Pre-development work continues, but considering deferral of pre-feasibility study to allow additional drilling to be added to an updated mineral resource estimate.

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XP Power PLC - critical power components manufacturer - All manufacturing facilities remain operational, as volumes in China recover from February lows, and Vietnam factories operate at normal levels. For first quarter to end of March, revenue up 5% to GBP19.1 million, and orders up 34% to GBP73.1 million. Withdraws final dividend payout of 36p per share.

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MediaZest PLC - audio-visual services - Now expects to report post-tax loss for six months ended March 31, as lockdown measures lead to deferred and delayed projects, taking a toll on trading. Expects Covid-19 disruption to last for six months at a minimum and will work to cut costs, wherever possible.

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Henry Boot PLC - construction - Closes all sales centres and pauses all construction work aside from sites vital to the NHS. Suspends all existing guidance for future performance.

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Intelligent Ultrasound Group PLC - healthcare-focused AI software - Installs BodyWorks Point-of-Care ultrasound simulator alongside Covid-19 lung ultrasound module in NHS Nightingale Hospital at the ExCel exhibition centre in London. The exhibition centre in the Docklands, east London, has been converted into a temporary hospital, with space for 4,000 beds, to treat victims of Covid-19.

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Clipper Logistics PLC - logistics services - Wins contract to establish supply chain for personal protective equipment products delivery to NHS Hospital Trusts and other healthcare providers across the UK.

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Oracle Power PLC - energy development - Anticipates no significant negative impact on the timelines for the development of Thar Block VI in Pakistan.

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OneSavings Bank PLC - mortgage lending - Cancels payment of final dividend for 2019 of 11.2 pence per share.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
31 Jan 2023 12:01

Adriatic Metals hails potential of flagship asset on drilling progress

(Alliance News) - Adriatic Metals PLC on Tuesday said it remains on track to deliver progress at its flagship project, as it nears production at the asset.

Read more
12 Jan 2023 12:45

Adriatic Metals says Rupice NW test still showing high-grade sulphide

(Alliance News) - Adriatic Metals PLC on Thursday said its drilling campaign at the Rupice Northwest section of the Vares silver project is still indicating high-grade sulphide mineralisation.

Read more
30 Dec 2022 09:50

Adriatic Metals draws down first USD30 million tranche of debt package

(Alliance News) - Adriatic Metals PLCĀ on Friday said it made the first drawdown of its USD142.5 million debt packages with asset management firm Orion Resource Partners LLP.

Read more
28 Nov 2022 09:37

IN BRIEF: Adriatic Metals reaches half-way mark at Vares project

Adriatic Metals PLC - exploration and development company with key projects in Bosnia & Herzegovina and Serbia - Says the Vares silver project in Bosnia & Herzegovina remains on schedule with the first concentrate production planned for the third quarter of 2023. Says half of the total project construction is now complete. As at November 21, completes 277 metres of Lower Decline and 177 metres of Upper Decline.

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28 Nov 2022 07:49

LONDON BRIEFING: Arrests after anti-lockdown protests across China

(Alliance News) - Stocks in London are set to open lower on Monday, amid risk-off sentiment globally, following anti-lockdown protests across several major cities in China.

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31 Oct 2022 12:23

IN BRIEF: Adriatic Metals nears half-way mark at Vares silver project

Adriatic Metals PLC - exploration and development company with key projects in Bosnia & Herzegovina and Serbia - Says construction at the Vares silver project in Bosnia & Herzegovina is now 45% complete, with 72% of capital expenditure awarded, pending award or quoted. Completes 207 metres of Lower Decline development and 100 metres of Upper Decline development. The final project cost estimate marginally increases to USD173 million, with the firm adding this is "well within" its contingencies. First concentrate production is on track for the third quarter of 2023, as anticipated.

Read more
26 Oct 2022 10:59

Adriatic Metals confirms mineralisation extension at Rupice Northwest

(Alliance News) - Adriatic Metals PLC on Wednesday said it remains confident of expanding the mine life of its Rupice deposit, as high-grade intercepts from exploration drilling continue to expand the north-west extension.

Read more
7 Oct 2022 15:56

Adriatic Metals says Vares project is nearly half way to completion

(Alliance News) - Adriatic Metals PLC on Friday said that nearly half of its Vares project is now complete as it navigated supply chain difficulties.

Read more
14 Sep 2022 11:25

CORRECT: Adriatic Metals CEO buys shares and director sells in June

(Correcting that the transactions took place in June and amending price of Cronin's purchase.)

Read more
12 Sep 2022 10:10

Adriatic Metals interim loss widens as finance expenses surge

(Alliance News) - Adriatic Metals PLC on Monday said its half-year loss widened as expenses increased and one-off gains dropped.

Read more
12 Sep 2022 09:37

IN BRIEF: Adriatic Metals CEO buys shares as non-exec director sells

Adriatic Metals PLC - Vares silver project in Bosnia & Herzegovina and Raska zinc-silver project in Serbia - Non-Executive Director Peter Bilbe sells 300,000 shares at AUD2.33 to AUD2.40, worth AUD717,115, about GBP412,990, on Wednesday last week. Meanwhile, Managing Director & Chief Executive Officer Paul Cronin buys 100,000 shares, mostly at AUD2.40, worth AUD239,819, on Thursday. Both transactions were done in Sydney via Chess depositary interests.

Read more
1 Jul 2022 21:53

TRADING UPDATES: Scotgems to vote on liquidation; Mkango names new CFO

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

Read more
23 Jun 2022 20:30

DIRECTOR DEALINGS: Berkeley Group CEO and new chair buy shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and not separately reported by Alliance News:

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6 Jun 2022 14:35

IN BRIEF: Adriatic Metals CEO buys shares as non-exec director sells

Adriatic Metals PLC - Vares silver project in Bosnia & Herzegovina and Raska zinc-silver project in Serbia - Non-Executive Director Peter Bilbe sells 300,000 shares at AUD2.33 to AUD2.40, worth AUD717,115, about GBP412,990, on Wednesday last week. Meanwhile, Managing Director & Chief Executive Officer Paul Cronin buys 100,000 shares, mostly at AUD2.40, worth AUD239,819, on Thursday. Both transactions were done in Sydney via Chess depositary interests.

Read more
30 May 2022 18:29

TRADING UPDATES: UKOG signs lease; Alien Metals to buy Vivash Gorge

(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

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