George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here

Less Ads, More Data, More Tools Register for FREE
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’View Video
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin AmericaView Video

Latest Share Chat

Pin to quick picksArgo Blockchai. Share News (ARB)

Share Price Information for Argo Blockchai. (ARB)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 12.00
Bid: 11.50
Ask: 12.50
Change: 0.80 (7.14%)
Spread: 1.00 (8.696%)
Open: 11.50
High: 12.00
Low: 11.50
Prev. Close: 11.20
ARB 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: Foresight, LendInvest report annual rise in funds

Fri, 08th Apr 2022 11:13

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

----------

Foresight Group Holdings Ltd - infrastructure and private equity investment manager - As at March 31, total asset under management up 21% year-on-year to GBP8.7 billion, while funds under management rise 27% to GBP6.5 billion, mainly on organic growth. Total net inflows and performance for the year rise 57% to GBP1.5 billion from GBP900 million. Core earnings before interest, tax, depreciation and amortisation and revenue are set to be in line with management expectations.

----------

LendInvest PLC - London-based non-bank mortgage lender - For the year ended March 31, platform assets under management - which represents deployed capital - increases 36% to GBP2.15 billion from GBP1.57 billion, through strong demand for the company's Buy-to-Let offering. In addition, funds under management which reflects committed and deployed capital rises 18% year-on-year to GBP2.94 billion from GBP2.49 billion. Due to the levels of FuM over Platform AuM, and in spite of an increased inflationary environment LendInvest expects pretax profit to be in line with market expectations.

----------

Argo Blockchain PLC - London-based cryptocurrency miner - In March, mines 163 bitcoin, up from 135 BTC in February, meaning that mining revenue for March amounts to GBP5.2 million, up from GBP4.2 million. As at the end of March, the company owns 2,700 bitcoin. Argo also announces the appointment of Seif El-Bakly as chief operating officer.

----------

Premier Miton Group PLC - London-based asset manager - As at March 31, closing assets under management at GBP12.8 billion, down 7.9% from GBP13.9 billion at the end of December, as net outflows for the second quarter come to GBP216 million from open-ended funds.

----------

Ethernity Networks Ltd - Israel-based networking and security company - For 2021, pretax loss widens to USD9.2 million from USD6.3 million the year before, driven by an increase in research & development costs and lower gross margin percentage. Meanwhile, revenue grows 42% to USD2.6 million from USD1.8 million, through recent contracts signed, and orders received on customer deployments. Looking ahead, expects significant revenue growth from its FPGA-based programmable system and FPGA SoC, with 2022 contracted revenue standing at USD4.3 million, and USD5.0 million for 2023.

----------

Vp PLC - Harrogate-based equipment rental firm - For the period since its interim results were issued at the end of November, the company maintains its recovery in trading performance with its core markets of infrastructure, construction and housebuilding providing increasing levels of demand, leading to anticipation of the company's annual results coming in line with management expectations.

----------

Ramsdens Holdings PLC - Middlesbrough, England-based financial services provider and pawnbroker - For the six months ended March 31, expects to report pretax profit of around GBP2 million, swinging from a loss of GBP133,000. This is due to a recovery of foreign currency volumes with the easing of international travel, and more than 50% growth in jewellery retail revenue on improved merchandising. As at March 31, pawnbroking loan book rises to GBP7.5 million from GBP5.7 million.

----------

NFT Investments PLC - invests in non-fungible tokens - For 2021, pretax loss widens to GBP2.8 million from GBP39,704 in 2020, due to costs related to the valuations of warrants issued and two separate fund-raising rounds related to the company's IPO. During the year, made seven investments, however generates no revenue due to being a start-up business.

----------

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
10 May 2021 10:54

Argo Blockchain and NFT Investments founder launches psychedelics firm

Argo Blockchain and NFT Investments founder launches psychedelics firm

Read more
4 May 2021 19:13

TRADING UPDATES: Supreme annual revenue jumps; Pelatro in Asia deal

TRADING UPDATES: Supreme annual revenue jumps; Pelatro in Asia deal

Read more
4 May 2021 11:11

SMALL-CAP WINNERS & LOSERS: Camellia wilts after disappointing outlook

SMALL-CAP WINNERS & LOSERS: Camellia wilts after disappointing outlook

Read more
29 Apr 2021 14:16

IN BRIEF: Argo Blockchain turns first profit as bitcoin continues rise

IN BRIEF: Argo Blockchain turns first profit as bitcoin continues rise

Read more
21 Apr 2021 19:18

TRADING UPDATES: Wentworth payout up; Distribution Finance loss steady

TRADING UPDATES: Wentworth payout up; Distribution Finance loss steady

Read more
20 Apr 2021 15:36

EXECUTIVE CHANGES: James Fisher names new CFO; Lekoil loses new chair

EXECUTIVE CHANGES: James Fisher names new CFO; Lekoil loses new chair

Read more
19 Apr 2021 13:58

IN BRIEF: Decentralised finance investor Dispersion plans IPO on AQSE

IN BRIEF: Decentralised finance investor Dispersion plans IPO on AQSE

Read more
16 Apr 2021 09:40

NFT Investments in AQSE record as IPO sees "unprecedented" demand

NFT Investments in AQSE record as IPO sees "unprecedented" demand

Read more
14 Apr 2021 11:07

SMALL-CAP WINNERS & LOSERS: Mast Energy gains 17% on London debut

SMALL-CAP WINNERS & LOSERS: Mast Energy gains 17% on London debut

Read more
12 Apr 2021 11:12

SMALL-CAP WINNERS & LOSERS: Treatt rises after positive outlook

SMALL-CAP WINNERS & LOSERS: Treatt rises after positive outlook

Read more
7 Apr 2021 12:31

TRADING UPDATES: IGas and Tasty post full-year revenue declines

TRADING UPDATES: IGas and Tasty post full-year revenue declines

Read more
7 Apr 2021 11:12

NFT Investments doubles IPO size to cash in on crypto demand

NFT Investments doubles IPO size to cash in on crypto demand

Read more
1 Apr 2021 12:45

NFT Investments to bring non-fungible tokens to market with Aquis IPO

NFT Investments to bring non-fungible tokens to market with Aquis IPO

Read more
26 Mar 2021 13:54

IN BRIEF: Argo Blockchain, DMG partner on sustainable Bitcoin mining

IN BRIEF: Argo Blockchain, DMG partner on sustainable Bitcoin mining

Read more
8 Mar 2021 19:06

UPDATE: Argo Blockchain raises GBP27 million to fund Pluto investment

UPDATE: Argo Blockchain raises GBP27 million to fund Pluto investment

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

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