Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAlpha Financial Markets Consulting Share News (AFM)

Share Price Information for Alpha Financial Markets Consulting (AFM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 390.00
Bid: 385.00
Ask: 395.00
Change: -15.00 (-3.75%)
Spread: 10.00 (2.597%)
Open: 402.50
High: 385.00
Low: 385.00
Prev. Close: 400.00
AFM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: Arkle spots gold; SDCL seals USD177 million buy

Fri, 21st May 2021 17:51

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

----------

Arkle Resources PLC - gold and zinc explorer focused on Ireland - Says first hole at its Mine River project in Ireland intersected the vein at depth and shows it to carry gold. Two further holes have been completed at 50 metres spacing in the new area. Samples have been sent for analysis with results expected in mid-June.

----------

SDCL Energy Efficiency Income Trust PLC - investment company - Completes acquisition of interest in commercial district energy system RED-Rochester LLC for USD177 million. Purchased from Stonepeak Infrastructure Partners. "RED is one of North America's largest district energy systems with 117 MW of steam turbine generators plus boilers, chillers and other equipment that provide exclusive utility services to commercial and industrial customers within the 1,200 acre Eastman Business Park, located in Rochester, New York," SDCL says.

----------

Schroder British Opportunities Trust PLC - established to invest in a portfolio of public and private equity investments consisting predominantly of UK companies - Invests in single asset fund EPIC I-b Fund SLP, which has acquired majority stake in Waterlogic Group Holdings Ltd. Waterlogic is a provider of drinking water dispensers. "This investment is in line with SBO's focus on backing high-quality, high growth UK businesses, with opportunities for multi-dimensional business transformation and a strong alignment between shareholder value and fundamental positive purpose in society," Schroder British Opportunities said.

----------

Hibernia REIT PLC - Irish real estate investment trust - Enters into deal to issue EUR125 million of new unsecured US private placement notes. Issue consists of 10-year and 12-year notes with 1.9% coupon.

----------

One Heritage Group PLC - residential developer focused on the north west of England - Inks first construction finance facility with Blackfinch Group in Oscar House development, Manchester. "The facility is for a net amount of GBP3.5 million over an 18-month term with a 9.6% nominal interest rate. The facility is drawn down as construction costs are incurred on Oscar House," One Heritage.

----------

Arrow Global Group PLC - Manchester-based buyer of debt from banks, credit card companies and telecommunications businesses - Says takeover by investment funds managed by TDR Capital LLP backed in court and general meeting. Now awaiting antitrust clearance. Arrow agreed to GBP563 million takeover back in March.

----------

Sealand Capital Galaxy Ltd - financial and strategic support provider to entrepreneurs - Financial Conduct Authority hands two-month extension to reporting of annual report and accounts for yeah ended December 31. Now expects to announce results on June 30.

----------

Alpha Financial Markets Consulting PLC - London-based consultancy for asset and wealth management industry - Raises GBP31 million in placing and subscription. On Thursday, Alpha Financial agreed to buy US-based provider of specialist consultancy services to the alternative investment industry Lionpoint Holdings Inc for up to USD90 million.

----------

Kistos PLC - London-based energy sector investor - Seals buy of Tulip Oil Netherlands BV. "The board of Kistos is also pleased to announce that it has sanctioned, subject to partner approval, the appraisal of the Q11-B discovery as well as a drilling and workover campaign on the Q10-A field. Drilling activities are expected to commence in the second half of 2021. The primary objectives are to appraise additional horizons in the Q10-A area whilst enhancing potential production rates with the sidetrack of the Q10-A04 well and workover of the Q10-A06 well," company adds.

----------

Pathfinder Minerals PLC - Mozambique-focused natural resources explorer - Notes new title holder of mining concession 4623C in Mozambique, TZM Resources SA, should be on notice that it may lose investment at asset amid dispute of ownership. The concession was previously licensed to Pathfinder Minerals. "We believe that a successful Treaty claim against the Government of Mozambique in respect of the licence would likely prevent any attempt by TZM, or such other third-party, to develop the licence. It is right therefore that the company's solicitors should place TZM on notice of its potential exposure in relation to the licence which was diverted from Pathfinder in 2011 through a process which we believe was unlawful," Chief Executive Officer Peter Taylor says.

----------

Bacanora Lithium PLC - developer of Sonora lithium project in Mexico - Reports on progress at Sonora lithium project, Mexico. Says removed and stored the surface vegetation and topsoil in area needed for processing plant. "This work was carried out with the help of a local specialist ecological services company based in Sonora in compliance with the highest environmental standards," Bacanora says. Has bought Las Perdices land package located south of existing areas it bought in 2019. "These additional 9,000 hectares will provide the company with greater access to flatter land, ensuring reduced earthwork costs alongside vital emergency access," Bacanora says. "The Bacanora construction team has now also commenced upgrading the temporary construction access road. This follows the completion of the preparatory work required, as detailed in February 2021, to ensure access to the minesite for the heavy equipment to commence the bulk site earthworks later this year," company adds.

----------

Tower Resources PLC - Africa-focused oil and gas company - Gets "favourable" verdict from tax tribunal which dismisses HMRC's appeal.

----------

Alba Mineral Resources PLC - mineral exploration and development company with assets in Greenland and the UK - Starts phase 2 underground diamond drilling at Clogau-St David's gold mine. "The main focus of Phase 2 is to continue with the exploration and delineation of the main lode to the north," Alba adds. Says two holes completed to date.

----------

BlueRock Diamonds PLC - South African-focused diamond miner - Says Teichmann Group to provide GBP1.6 million loan note, which will be replaced with convertible loan note. CLN would boost Teichmann's stake to roughly 49% if converted. Adds it has completed 80% of expansion work at Kareevlei mine.

----------

Bluejay Mining PLC - exploration and development company with projects in Greenland and Finland - Says meeting with mining minister in Greenland was "positive". Bluejay CEO Bo Stensgaard and Managing Director of Dundas Titanium Hans Jensen met with Jorgen Hammenken-Holm, deputy minister of mineral resources and Naaja Nathanielsen, new minister for housing, infrastructure, mineral resources & gender equality in Greenland. "During the meeting, Ms, Nathanielsen, who was appointed following the recent general election in Greenland, reaffirmed the government's support for the Mining Industry in Greenland and confirmed that Greenland continues to support the Mineral Strategy 2020-2024, which provides the framework for the further development of mineral resources in country," Bluejay says.

----------

Aura Energy Ltd - Australia-based minerals company - Completes rights issue, securing AUD5.8 million, about GBP3.2 million.

----------

Shield Therapeutics PLC - Newcastle, England-based pharmaceutical firm focused on iron deficiency - Says Accrufer on track for US launch at end of June. "A huge amount has been achieved in the last two months since the fundraise completed and I am very grateful to all Shield employees, and in particular to Brian Groch and his US team, for the efforts they are making to prepare for launch. This is a very exciting time for Shield and I am looking forward immensely to the Accrufer launch and the large opportunity available," Chief Executive Officer Tim Watts says.

----------

Novacyt SA - biotechnology group focused on clinical diagnostics - Says dispute with UK Department of Health & Social Care may now hurt first quarter revenue generated from government pacts. In April, company said its supply contract with DHSC was not being renewed. "Both parties are now in dispute regarding the contract, which may have a material impact on the fourth quarter of 2020 revenue. However, the company has taken legal advice and believes it has strong grounds to assert its contractual rights," Novacyt said in April.

----------

Sensyne Health PLC - Oxford, England-based clinical technology using artificial intelligence - Signs first US research pact with St Luke's University Health Network. "The agreement will enable the ethical application of clinical AI research to improve patient care and accelerate medical research," Sensyne says. In addition, company announces commercial development collaboration with Phesi Inc. "The collaboration marks the first time that Sensyne and Phesi have entered a joint commercial collaboration with a pharmaceutical client since they entered into a strategic alliance in January 2021," company adds. "The development work to be undertaken involves the analysis of anonymised and de-identified real world patient data available to Sensyne with Phesi's clinical trial data in order to optimise the design of a clinical trial programme for the client."

----------

Induction Healthcare Group PLC - AIM-listed healthcare technology company - Proposes acquisition of Attend Anywhere Pty Ltd for GBP15.6 million plus amount equal to Attend's net assets on completion, estimated to be around GBP800,000. In addition, Induction will issue 14.3 million shares. As part of acquisition, company plans GBP25 million placing, through issue of 35.7 million shares at 70 pence each. "Part of the proceeds of the placing will be used to fund the cash consideration in respect of the acquisition and the remainder will be used to provide the group with additional working capital," Induction says.

----------

Quartix Holdings PLC - vehicle tracking systems supplier - Says trading in four months to April 30 in line with market expectations. Quartix is, according to market consensus, expected to post 2021 GBP25.6 million in revenue and GBP5.1 million in adjusted earnings before interest, tax, depreciation and amortisation. In addition, company says Emily Rees promoted to chief financial officer and joins board as executive director immediately. Replace Daniel Mendis "who will now devote his time entirely to commercial and operational matters".

----------

Invinity Energy Systems PLC - Jersey-based battery manufacturer - Reports short delay to annual report but says audit "well advanced". To release "detailed operational and financial update" for 2020 on May 27. "The results will be released as soon as possible and within the regulatory requirement to publish during June," Invinity says.

----------

Physiomics PLC - oncology consultant based in Oxford - Wins two further contracts from existing client Bicycle Therapeutics that it tips for completion over next six months.

----------

Sativa Wellness Group Inc - Vancouver, British Columbia-based 'seed-to-consumer' cannabidiol products - Reports closing of second and final tranche of USD4.6 million private placement.

----------

Proactis Holdings PLC - Wetherby, England-based cash management software company - Hit by cyber security incident but adds no customer systems affected. Calls on external experts to probe matter, investigations ongoing.

----------

7digital Group PLC - digital music company - Notes Universal Music Group signs licence deal with Triller. Deal allows use of UMG's music on Triller app. "7digital continues to provide Triller with services from the company's platform under the existing terms of its 18-month contract signed in August 2020," 7digital says.

----------

MobilityOne Ltd - Jersey-registered, Kuala Lumpur, Malaysia-based e-commerce payments platform - Says Malaysia unit MobilityOne Sdn Bhd receives license from MasterCard Asia/Pacific Pte Ltd to issue prepaid cards in Malaysia. "In addition, the Society for Worldwide Interbank Financial Telecommunication, the world's leading provider of secure financial messaging services, has permitted MobilityOne Malaysia to join its network," company says. "The group will generate revenue from the sale of prepaid cards, the percentage of commissions for the transactions via the prepaid cards and from potential e-wallet white label hosting arrangements." MobilityOne says it does not expect "significant revenue or earnings contribution from either of these arrangements in the current financial year". Shares closed 24% higher on Friday.

----------

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
22 Jun 2023 10:17

AIM WINNERS & LOSERS: Biome wins contract; Oracle raises GBP363,000

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

Read more
22 Jun 2023 09:29

LONDON BROKER RATINGS: Shell raised; Goldman likes Deliveroo

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

Read more
22 Jun 2023 08:45

Alpha Financial shares slump as warns on competition and sales cycles

(Alliance News) - Alpha Financial Markets Consulting PLC on Thursday reported yearly earnings growth, but cautioned that it expects "increased levels of competition" to be a feature in the short-term.

Read more
22 Jun 2023 08:07

Alpha Financial Markets skids despite bumper full-year numbers

(Sharecast News) - Alpha Financial Markets shares came off from their near record highs despite the investment advisory outfit posting a bumper set of full-year numbers.

Read more
22 Jun 2023 08:03

LONDON BRIEFING: Whitbread "in great shape"; DS Smith profit rises

(Alliance News) - Stocks in London are expected to open lower on Thursday, as investors wait for the Bank of England's interest rate decision, while the UK continues to be gripped by wild inflation.

Read more
15 Jun 2023 15:50

UK earnings, trading statements calendar - next 7 days

Friday 16 June 
Peel Hunt LtdFull Year Results
Record PLCFull Year Results
S-Ventures PLCFull Year Results
Tesco PLCTrading Statement
Monday 19 June 
Finsbury Food Group PLCTrading Statement
Triple Point Energy Transition PLCFull Year Results
Utilico Emerging Markets Trust PLCFull Year Results
Tuesday 20 June 
Enteq Technologies PLCFull Year Results
Gear4Music PLCFull Year Results
IG Design Group PLCFull Year Results
Intercede Group PLCFull Year Results
SThree PLCTrading Statement
Monks Investment Trust PLCFull Year Results
Wednesday 21 June 
Berkeley Group Holdings PLCFull Year Results
Halfords Group PLCFull Year Results
Liontrust Asset Management PLCFull Year Results
Thursday 22 June 
Alpha Financial Markets Consulting PLCFull Year Results
Cordiant Digital Infrastructure LtdFull Year Results
DS Smith PLCFull Year Results
First Property Group PLCFull Year Results
Manolete Partners PLCFull Year Results
Mulberry Group PLCFull Year Results
NCC Group PLCTrading Statement
Serco Group PLCTrading Statement
Speedy Hire PLCFull Year Results
Urban Logistics REIT PLCFull Year Results
Volex PLCFull Year Results
Whitbread PLCTrading Statement
XPS Pensions Group PLCFull Year Results

 

Read more
2 May 2023 12:02

Alpha FMC acquires Sydney-based Shoreline for initial £4.2m

(Sharecast News) - Alpha FMC announced the acquisition of Shoreline Consulting and Shoreline Consolidated on Tuesday, collectively known as 'Shoreline', for AUD 8m (£4.2m) in cash.

Read more
2 May 2023 10:09

IN BRIEF: Alpha Financial Markets buys Sydney-based firm Shoreline

Alpha Financial Markets Consulting PLC - London-based asset and wealth management and insurance consultancy - Buys Shoreline Consulting Pty Ltd and Shoreline Consolidated Ltd for an initial AUD8.0 million, about GBP4.2 million, payable in three instalments, plus an additional earn-out of up to AUD5.0 million.

Read more
3 Apr 2023 11:14

New CEO begins tenure at Alpha FMC

(Sharecast News) - Specialist financial consultancy Alpha FMC updated the market on its new chief executive officer on Monday.

Read more
3 Apr 2023 09:43

IN BRIEF: Alpha Financial Markets confirms new chief executive officer

Alpha Financial Markets Consulting PLC - London-based asset management, wealth management and insurance consultancy firm - Confirms Luc Baque has been appointed chief executive officer, as previously announced in November. Replaces outgoing Euan Fraser, who remains as a strategic adviser. Baque was head of asset and wealth management prior to becoming CEO.

Read more
9 Mar 2023 13:15

Alpha FMC set to beat full-year expectations

(Sharecast News) - Asset management, wealth management and insurance consultancy specialist Alpha FMC reported a strong second-half performance in a trading update on Thursday, citing positive conditions and ongoing global client demand.

Read more
9 Mar 2023 12:19

LONDON MARKET MIDDAY: Powell comments continue to sour mood

(Alliance News) - Stock prices in London were firmly lower at midday on Thursday, as a slew of disappointing corporate earnings weighed on already fragile markets, still reeling from hawkish comments from US Federal Reserve Chair Jerome Powell.

Read more
9 Mar 2023 11:57

IN BRIEF: Alpha Financial expects annual results ahead of market view

Alpha Financial Markets Consulting PLC - London-based asset management consultancy firm - Says it is "delighted" with its continuing strong performance and now expects to report full-year results ending on March 31 to be "significantly" ahead of current market expectations, which it did not specify. Explains that positive trading conditions in the second half of 2022 and ongoing client demand have allowed it to deliver double-digit organic net fee income growth compared to the prior year. Adjusted earnings before interest, tax, depreciation, and amortization have grown as well, it says, with margins remaining consistent.

Read more
9 Mar 2023 08:54

LONDON MARKET OPEN: Mining stocks, rates worries weigh on stocks

(Alliance News) - Stock prices in London opened in the red on Thursday morning as investors continued to fret over of the prospect of rising interest rates globally.

Read more
9 Mar 2023 07:52

LONDON BRIEFING: Aviva announces buyback; Entain profit drops

(Alliance News) - With the US weekly unemployment claims report in focus, stocks in London were set to open lower on Thursday morning.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account