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Pin to quick picksAlkemy Capital. Share News (ALK)

Share Price Information for Alkemy Capital. (ALK)

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Share Price: 87.50
Bid: 85.00
Ask: 90.00
Change: 0.00 (0.00%)
Spread: 5.00 (5.882%)
Open: 90.00
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Low: 87.50
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EARNINGS AND TRADING: Indus Gas full-year profit jumps 19%

Tue, 03rd Oct 2023 14:32

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

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VPC Specialty Lending Investments PLC - investor in asset-backed loans to businesses originated by non-bank lenders - Says net asset value per share at June 30 was 94.18 pence, down from 105.51p at June 30 the year prior. Says NAV total loss is 2.0%, swinging from a total return of 4.1% a year ago. Declares an interim dividend of 4.00p per share, unchanged from 2022. Looking ahead, VPC says it will keep shareholders up to date with the progress of its wind-down process, and to achieve realisations in a "timely and efficient manner".

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Indus Gas Ltd - oil and gas explorer and developer with assets in India - Says revenue increased 17% to USD63.0 million in the year ended March 31, from USD53.7 million a year ago. Adds that pretax profit rose 19% to USD54.9 million, from USD46.0 million in financial 2022. Declares no dividend for financial 2023, unchanged from a year ago. Says it expects further drilling success at both Pariwar and B&B, as well as progress in the commercialisation of its gas reserves.

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Aminex PLC - oil and gas investment company focused on Tanzania - Reports revenue increased to USD81,000 in the first half of 2023, up from USD26,000 the year before. Says pretax loss narrows to USD956,000, from USD1.3 million in 2022. Cahir Charles Santos says: "We are pleased to report that all activities on Ruvuma continue to progress under the efforts of the operator, ARA Petroleum Tanzania Limited. We look forward to receiving a revised CPR based on the high-quality data achieved from the acquisition of the Ruvuma 3D seismic survey that will permit a complete revision of gas reserve and resource potential."

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Alkemy Capital Investments PLC - London-based company focused on acquisitions in the mining and technology metals sectors - Says its subsidiary Tees Valley Lithium has received a joint funding package worth GBP613,000 alongside Weardale Lithium. Says GBP430,000 worth of the funding is from Innovate UK. It says the funding is intended to support innovation in the Net Zero innovation cluster in the Tees Valley, and is part of the UK government's levelling up goals. Says the two firms are looking to achieve synergies in the production and refining of lithium in North East England. Adds that it will pursue the funding for feasibility studies and the development of a battery supply chain hub. TVL Director Sam Quinn comments: "We are delighted to have received this grant from Innovate UK and look forward to our collaboration with Weardale as we seek to bring back high value manufacturing to the North East and help develop a potential UK-based supply chain for the lithium sector."

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Premier African Minerals Ltd - Africa-focused metals and mineral project developer - Says its Zulu Lithium plant has resumed operations following the completion of its new mill. Chief Executive George Roach says: "Subsequent to our update of 21 September 2023, I am pleased to confirm the plant at Zulu resumed operations with material fed through the newly installed and commissioned mill." Previously Premier African said the mill will support production of up to 1,000 tonnes of spodumene per month.

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Financials Acquisition Corp - Cayman Islands-based special purpose acquisition company focused on insurance technology - Reports that total income in the first half of the year rose to GBP3.0 million, up from GBP153,051 between August 31, 2021 and June 30, 2022. Says pretax loss widened to GBP11.6 million, from GBP7.3 million.

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By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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30 Jan 2024 14:20

TRADING UPDATES: Lexington completes Bothaville drilling phase

(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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18 Jan 2024 14:28

IN BRIEF: Alkemy Capital optimistic on lithium process outlook

Alkemy Capital Investments PLC - London-based company focused on acquisitions in the mining and technology metals sectors - Believes macroeconomic outlook for lithium processing "remains extremely robust" despite recent price drop with demand rising in Europe. Tees Valley Lithium's refinery in Teeside has secured environmental and planning permission with production set for 2026, as well as feedstock. Alkemy is focused on securing mezzanine finance in the short term, and discussions are advancing with potential lenders. Meanwhile company is "actively exploring opportunities" to expand its downstream processing capabilities in conjunction with industry and strategic partners.

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18 Dec 2023 15:59

IN BRIEF: Alkemy Capital raises GBP650,000 in oversubscribed placing

Alkemy Capital Investments PLC - London-based company focused on acquisitions in the mining and technology metals sectors - Raises GBP650,000 via an oversubscribed placing of 650,000 new shares at a placing price of GBP1 per share. This includes a subscription of GBP50,000 from director Sam Quinn.

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4 Dec 2023 12:03

Alkemy Capital subsidiary secures partnerships for lithium refinery

(Alliance News) - Alkemy Capital Investments PLC on Monday said its subsidiary Tees Valley Lithium has secured technology and vendor partnerships to help advance its lithium refinery project.

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13 Nov 2023 21:58

TRADING UPDATES: 88 Energy signs farm-in deal with Monitor Exploration

(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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27 Oct 2023 21:39

IN BRIEF: Alkemy narrows loss, supplier and customer talks continue

Alkemy Capital Investments PLC - London-based company focused on acquisitions in the mining and technology metals sectors - Reports GBP1.2 million pretax loss for the half year ended July 31, narrowed from GBP1.4 million the year before. Company generates no revenue. Administrative expenses increased 34% to GBP947,423 while project development costs decreased 67% to GBP215,461. Cash and equivalents at July 31 totalled GBP40,307, up from GBP13,242 at the same time one year prior. Alkemy says it continues in advanced discussions with multiple potential key feedstock suppliers, and with several other potential customers for its lithium hydroxide. It "expects significant offtake and/or partnership deals to be entered into in due course." Company says it has "continued to make significant progress in a challenging macro environment", and is well-placed to benefit from the growing need for lithium hydroxide and OEM's "growing preference" to source it using "more local supply chains".

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3 Oct 2023 17:14

TRADING UPDATES: Aston Martin CEO ups stake; Alkemy's lithium deal

(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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23 Aug 2023 11:02

IN BRIEF: Alkemy Capital completes study for Australia facility

Alkemy Capital Investments PLC - London-based company focused on acquisitions in the mining and technology metals sectors - Announces the completion of a feasibility study for Australia's first lithium sulphate processing facility. Says the facility is located at the Boodarie strategic industrial area outside of Port Hedland. Says the study was carried out by Wave International.

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11 Jul 2023 15:45

UK shareholder meetings calendar - next 7 days

Wednesday 12 July 
Bytes Technology Group PLCAGM
Burberry Group PLCAGM
Capital Metals PLCGM re change of registered office
LondonMetric Property PLCAGM
Safestore Holdings PLCAGM
Steppe Cement LtdAGM
ProVen Growth & Income VCTAGM
Wincanton PLCAGM
Thursday 13 July 
Aminex PLCAGM
BATM Advanced Communications LtdAGM
BT Group PLCAGM
C&C Group PLCAGM
CT Automotive Group PLCAGM
Clontarf Energy PLCAGM
DCC PLCAGM
Donegal Investment Group PLCAGM
Dr Martens PLCAGM
Helical PLCAGM
Personal Assets Trust PLCAGM
Renewi PLCAGM
RS Group PLCAGM
Friday 14 July 
Templeton Emerging Markets Investment Trust PLCAGM
Monday 17 July 
All ThingsConsidered Group PLCAGM
Tower Resources PLCAGM
Tuesday 18 July 
Alkemy Capital Investments PLCAGM
Bloomsbury Publishing PLCAGM
CT Property Trust LtdGM re takeover by LondonMetric Property
e-Therapeutics PLCAGM
MobilityOne LtdEGM re Tete planned JV deadline extension
SmartSpace Software PLCAGM
Strategic Minerals PLCAGM
Wynnstay Properties PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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31 May 2023 17:07

Alkemy Capital shares leap after completing GBP1.4 million fundraise

(Alliance News) - Alkemy Capital Investments PLC shares jumped on Wednesday after completing a GBP1.4 million fundraise.

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12 May 2023 12:55

Alkemy Capital Investments subsidiary to build lithium refinery

(Alliance News) - Alkemy Capital Investments PLC said on Friday that its subsidiary Port Hedland Lithium Pty Ltd has formed a contract with Lithium Services Pty Ltd to develop a merchant refinery at Port Hedland, Australia, focussed on processing a new source of lithium feedstock.

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26 Apr 2023 19:27

TRADING UPDATES: Mosman output up; Uru notes drilling at Zeb project

(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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26 Apr 2023 10:48

SMALL-CAP WINNERS & LOSERS: Trifast jumps as eyes adjusted profit rise

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

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20 Apr 2023 13:51

Alkemy progresses two refineries, lithium outlook "extremely robust"

(Alliance News) - Alkemy Capital Investments PLC on Thursday noted progress at its Port Hedland lithium sulphate refinery in Western Australia and Wilton lithium hydroxide refinery in Teesside, England, while commenting that the wider industrial outlook for lithium processing is "extremely robust".

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