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Pin to quick picksAgriterra Ld Share News (AGTA)

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EARNINGS AND TRADING: Clean Invest reports interim loss and no revenue

Mon, 02nd Oct 2023 20:41

(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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Everest Global PLC - holding company of subsidiaries, Dynamic Intertrade (Pty) Ltd and Everest Capital London Ltd - Says that Golden Nice International Group Ltd has agreed to extend the redemption date of its outstanding convertible loan notes to March 31, 2025 from September 30, 2023. As at Monday, GBP254,450 of convertible loan notes remain outstanding.

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Clean Invest Africa PLC - investment vehicle focused on renewable energy in Africa - Reports a pretax loss of GBP330,126 in the six months ended June 30, compared to a loss of GBP163,318 in the whole of 2022. Records no revenue in the first half of the year, compared to GBP29,760 in the whole of 2022. Says it has made "excellent" progress in the first six months of the year. Looking forward, says it will continue to seek new investment funding.

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Capital for Colleagues PLC - investment vehicle focused on opportunities in the employee owned business sector - Reports a net asset value of GBP15.16 million as at August 31 compared to GBP15.18 million as at May 31. Portfolio comprises of 14 unquoted employee owned businesses at at the end of the three months to August 31.

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UniVision Engineering Ltd - Hong Kong-based company that supplies, designs, installs and maintains closed-circuit television and surveillance systems, and also sells security-related products - Temporarily suspended from trading on AIM pending the publication of its annual results.

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Agriterra Ltd - company focused on investment and sustainable development in Southern Africa - Temporarily suspended from trading on AIM pending the publication of its annual results.

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Echo Energy PLC - Latin America-focused exploration company - Restored to trading on AIM following the publication of its annual results.

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600 Group PLC - West Yorkshire, England-based manufacturer and distributor of machine tools, precision engineered components and industrial laser systems - Temporarily suspended from trading on AIM pending the publication of its annual results.

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Trafalgar Property Group PLC - south-east England-focused residential property developer - Temporarily suspended from trading on AIM pending the publication of its annual results.

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Falanx Cyber Security Ltd - Reading, England-based cyber security provider - Temporarily suspended from trading on AIM pending the publication of its annual results.

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By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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29 Dec 2023 13:11

Agriterra shares tumble after grain sales slump widens interim loss

(Alliance News) - Agriterra Ltd shares sank nearly 20% on Friday after reporting disappointing sales across its Grain, Beef and Snax divisions.

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1 Dec 2023 19:47

IN BRIEF: Agriterra shares restored as finally posts annual results

Agriterra Ltd - company focused on investment and sustainable development in southern Africa - Shares are restored to trading following suspension in early October from the delay of publishing its financial 2023 results. In the financial year that ended March 31, pretax loss narrows to GBP2.2 million from GBP2.4 million. Revenue rises to GBP11.5 million from GBP10.3 million. Says revenue improved due to improvement of grain sales volumes to 17,819 tonnes from 17,094 tonnes, with demand for maize meal higher than previous year. Rising demand lifts prices, Agriterra noted. Looking ahead, says start of financial 2024 difficult due to lack of adequate working capital which affected the current year maize buying season.

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24 Nov 2023 18:22

IN BRIEF: FTSE Russell says five companies to be removed soon from AIM

(Alliance News) - FTSE Russell on Friday reports that the following five companies will be removed from the FTSE AIM All-Share Index next week Wednesday in the absence of an active market and in accordance with the suspension rule, as they have been suspended for 40 business days without indication of resumption.

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15 Nov 2023 18:10

TRADING UPDATES: Synthomer trading consistent with expectations

(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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15 Nov 2023 14:11

Agriterra agrees unsecured $1.7m term loan with major shareholder

(Sharecast News) - Africa-focussed agricultural company Agriterra announced an unsecured term loan agreement worth $1.7m on Wednesday, with its majority shareholder Magister Investments.

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11 Sep 2023 21:17

IN BRIEF: Agriterra says annual report delayed on lack of resources

Agriterra Ltd - Guernsey-based agricultural investment company - Expects to report its 2023 Annual Report & Accounts for for the year ended March 31 in October. Says the delay in publishing the accounts is predominantly due to the impact of the recent restructuring of operations in Mozambique delaying the provision of certain audit information to the company's auditors in accordance with previously agreed timetables. Notes that though "substantially all of the information" has now been provided, the company's auditors no longer have sufficient resources and capacity to be allocated to the assignment and accordingly are not able to complete their work by the end of September. As a result the company's shares will be suspended from AIM with effect from October 2.

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18 Aug 2023 10:43

Agriterra secures USD2.9 million financing with major shareholder

(Alliance News) - Agriterra Ltd on Friday said it has inked a USD2.9 million trade finance package with its major shareholder, Magister Investments Ltd.

Read more
18 Aug 2023 08:23

Agriterra inks trade finance deal with major shareholder

(Sharecast News) - African agricultural specialist Agriterra announced a trade finance deal with Magister Investments on Friday, which holds a 50.58% stake in the company.

Read more
14 Jun 2023 13:28

IN BRIEF: Agriterra shares drop as subsidiary signs debt facility

Agriterra Ltd - Guernsey-based agricultural investment company - Says subsidiary Desenvolvemento E Comercializacao Agricola Ltda secures USD1.9 million debt facility from First Capital Bank SA to finance and support maize buying operations. Says interest rate on bank facility is 24%. Financed maize will be processed and sold by DECA from its facilities in Chimoio, Mozambique, into the local wholesale and retail markets.

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20 Mar 2023 11:53

Agriterra raises GBP200,000 to buy cattle for Mozbife division

(Alliance News) - Agriterra Ltd on Monday said it has raised GBP200,000 through a placing of 20.0 million shares at a price of 1 pence each.

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14 Dec 2022 12:41

Agriterra half-year loss widens amid fears of too little grain

(Alliance News) - Agriterra Ltd on Wednesday said its half-year loss and cost of sales widened, while it enters the second half of its financial 2023 with too little grain for the next harvest.

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Copyright 2022 Alliance News Limited. All Rights Reserved.

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

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