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Pin to quick picksAgronomics Share News (ANIC)

Share Price Information for Agronomics (ANIC)

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Share Price: 8.30
Bid: 8.20
Ask: 8.40
Change: 0.12 (1.45%)
Spread: 0.20 (2.439%)
Open: 8.30
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TRADING UPDATES: iEnergizer and Volex post interim profit hikes

Thu, 11th Nov 2021 21:26

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

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iEnergizer Ltd - IT service management company - Revenue in six months to September 30 up 35% year-on-year to USD121.9 million from USD90.2 million. Pretax profit improves 41% to USD37.9 million from USD26.9 million. Lifts payout 42% to 8.12 pence per share from 5.72p. "We are delighted to report another strong performance by iEnergizer, with highly profitable growth in revenue and profit margins, which exceeded our expectations for H1 2022," Chair Marc Vassanelli says.

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Volex PLC - Hampshire, England-based electronic components maker - Revenue in first half ended October 3 jumps 45% to USD292.7 million from USD202.5 million. Pretax profit increases 35% to USD19.4 million from USD14.4 million. Ups payout by 9.1% to 1.2p per share from 1.1p. "Robust first half of the year coupled with a strong forward order book, means Volex is on course to deliver on its full-year consensus market expectations," company says.

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MaxCyte Inc - Maryland-based platform for cell-based research - Revenue in third quarter rises 50% to USD10.1 million from USD6.8 million a year earlier. Pretax loss narrows to USD2.7 million from USD3.1 million. "We continue to expand our customer base and increase the number of strategic partnerships, now with 15 strategic platform license agreements in place following the announcement of our agreement with Nkarta in early November. The vast majority of our SPL agreements enable MaxCyte to participate in pre-commercial milestones and post-commercial sales-based payments on SPL-related Programs. We remain bullish around the potential for our SPL partnerships to generate meaningful revenue for the business over the next 12 to 18 months and beyond as our partners continue to see clinical success," Chief Executive Doug Doerfler says. In addition, company lifts 2021 revenue outlook to USD33.0 million from previous guidance of "greater than USD30 million".

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Sabien Technology Group PLC - Watford-based boiler efficiency products - Has signed heads of terms with Proton Technologies Canada Inc in relation to a hydrogen processing licence within UK territories. Sabien will be producing 20 tonnes of hydrogen per day, generated using Proton's technology.

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Bidstack Group PLC - London-based in-game advertising platform - Partners with Wildlife Studios Ltd, creators of mobile tennis game Tennis Clash. "The activations will see brands featured across virtual tennis courts such as New York and Sydney, on courtside banners, scoreboards and nets, on custom racket strings and across branded outfit designs that will be seamlessly integrated into the game's virtual world. The in-game takeovers will be available to all players and will be seen by a global audience," Bidstack says.

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Tlou Energy Ltd - power company focused on sub-Saharan Africa - Secures 10 megawatt power purchase deal with Botswana Power Corp. "The construction of transmission lines to connect Lesedi to the existing power grid is expected to be completed in 2023," Tlou says. Notes a prototype hydrogen production unit is being designed in Brisbane before being transported to Lesedi in first half of 2022. Says hydrogen technology partner Synergen Met Pty Ltd plans to float in Sydney in "coming months" and is currently going through pre-IPO process. Tlou may participate in the IPO for up to USD3 million. "The company sees significant upside for a potential investment in SM given comparisons with similar listed entities," Tlou says.

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Goldstone Resources Ltd - gold exploration and development in West Africa - Raises GBP1 million through placing of 8.7 million shares at 11.5 pence each with a new institutional shareholder. "The net proceeds of the placing will be used predominantly to expediate the exploration, including a drilling programme, at the former underground mine at Akrokeri, formerly known as the Akrokeri Ashanti Mine Ltd," Goldstone says.

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Energean PLC - gas explorer and producer in the Mediterranean - Prices offering of USD450 million senior secured notes due 2027. Notes carry 6.5% annual interest rate.

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Zephyr Energy PLC - Newbury, England-based exploration & production company - Reports the first flowing hydrocarbons from the State 16-2LN-CC well, even as production testing and well clean-up efforts remain ongoing. "The production of hydrocarbons marks a major milestone for Zephyr, particularly as this is the first horizontal well in the wider Paradox Basin to flow hydrocarbons using a modern hydraulically stimulated completion," company explains.

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Pharos Energy PLC - oil & gas company with assets in Egypt, Vietnam and Israel - Says first phase of the TGT 4 well infill development drilling programme in Vietnam completed. All four infill development wells drilled within schedule and well under budget, Pharos says.

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Great Eastern Energy Corp Ltd - Indian coal bed methane company - Revenue in six months to September 30 falls 9.6% year-on-year to USD13.4 million from USD12.3 million. Swings to pretax profit of USD1.8 million from USD66,970 loss a year earlier.

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Agronomics Ltd - Isle of Man-based investor in the field of cellular agriculture - Portfolio firm Tropic Biosciences will not see its potato product face "regulatory barriers". The product, developed using gene editing induced gene silencing technology, is exempt from regulation under the US Department of Agriculture Animal & Plant Inspection Service. "This confirmation ensures that its gene-edited potatoes, resistant to browning, will not face regulatory barriers on its way to market, and is a promising indicator for its other products such as coffee, rice and bananas," Agronomics says. It has a 3.0% stake in Tropic.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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18 Jan 2024 17:23

IN BRIEF: Agronomics notes Israeli approval of cultivated beef

Agronomics Ltd - Isle of Man-based venture capital firm, which invests in the cellular agriculture field - Says Israeli Ministry of Health has granted regulatory approval for the "world's first" commercial sale of cultivated beef. Says Aleph Farms is the first company in the world to gain regulatory approval for its cultivated beef product.

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Sunday share tips: Top picks to consider for 2024

(Sharecast News) - The Sunday Times and Mail on Sunday have offered their top investment tips for 2024, which includes stocks from a variety of sectors such cruises and market research to metals and real estate.

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27 Dec 2023 14:15

Agronomics posts strong set of full-year results

(Sharecast News) - Cellular agriculture investor Agronomics reported a 14% increase in its net asset value per share in its final results on Wednesday, standing at 16.94p on 30 June.

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27 Dec 2023 11:35

Agronomics annual profit more than doubles on higher income

(Alliance News) - Agronomics Ltd on Wednesday said its annual profit soared on higher income, and saw its net asset value rise.

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14 Dec 2023 15:53

TRADING UPDATES: Eurasia Mining settles dispute with former advisor

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

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5 Dec 2023 20:01

EARNINGS AND TRADING: Lowland Investment NAV falls but dividend hiked

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

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1 Dec 2023 12:03

Agronomics investee Liberation gets USDA-backed financing

(Sharecast News) - Cellular agriculture investor Agronomics announced a significant step in constructing and finalising Liberation Labs' biomanufacturing facility in Indiana on Friday.

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1 Dec 2023 11:30

Agronomics hails progress for Clean Food and Liberation Labs

(Alliance News) - Agronomics Ltd on Friday said that its portfolio company, Clean Food Group Ltd, has reached a partnership deal with the bakery brand, Roberts Bakery Ltd.

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TRADING UPDATES: Instem acquisition by Ichor sanctioned by UK court

(Alliance News) - (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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13 Nov 2023 16:43

TRADING UPDATES: PCI-PAL picked by Zoom; Biome in project delays

(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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1 Nov 2023 12:19

Agronomics investee BlueNalu completes series B round

(Sharecast News) - Cellular agriculture investor Agronomics announced a significant development in its partnership with BlueNalu on Wednesday.

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17 Oct 2023 14:39

Agronomics notes All G Food's new brand, The Aussie Plant Based

(Alliance News) - Agronomics Ltd on Tuesday noted its portfolio company All G Food Holdings Pty Ltd's announcement of the spin out and merger of its plant-based brand into a new entity, The Aussie Plant Based Co Ptd Ltd.

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9 Oct 2023 15:57

Agronomics investee BlueNalu raises $33.5m in series B round

(Sharecast News) - Agronomics announced on Monday that its sustainable seafood investee, BlueNalu, has raised $33.5m in a series B financing round from a consortium of new and existing investors.

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9 Oct 2023 11:25

Agronomics portfolio company BlueNalu raises USD33.5 million

(Alliance News) - Agronomics Ltd on Monday said its portfolio company BlueNalu Inc has raised USD33.5 million from new and existing customers in a series B financing round.

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22 Sep 2023 13:28

Agronomics plots GBP3 million share buyback programme

(Alliance News) - Agronomics Ltd on Friday announced a GBP3.0 million share buyback programme, in order to give its share price a boost.

Read more

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