Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

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: 0.00 (0.00%)
Spread: 1.00 (8.696%)
Open: 12.00
High: 12.00
Low: 12.00
Prev. Close: 12.00
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: Michelmersh Brick, Mattioli Woods on-track for growth

Thu, 07th Jul 2022 16:48

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

----------

Michelmersh Brick Holdings PLC - West Sussex-based brick maker - For the first half of 2022, expects revenue to be at least GBP33 million, reflecting a 10% year-on-year increase. Alongside its forward order book, the company remains on track to meet annual expectations

----------

Mattioli Woods PLC - Leicester, England-based asset manager - For the year ended May 31, revenue grows 70% from GBP62.6 million the year before, with profit on-track to meet management expectations. As at May 31, client assets totalling GBP14.9 billion, up from GBP12.1 billion the prior year. Looking ahead, trading in the current financial year reflect further growth ahead of management expectations, however inflationary pressure is expected to affect profit margin in the near term.

----------

Avingtrans PLC - provides components and systems for the energy, medical and industrial sectors - Expects performance for the year ended May 31 to be in line with market expectations, with a cash position at the end of May in excess of GBP16 million, compared to GBP23 million the same date in 2021. Order and prospect pipeline also remains strong.

----------

abrdn New Dawn Investment Trust PLC - investor in companies in the Asia-Pacific region - For the year ended April 30, net asset value total return is minus 11%, compared to the benchmark MSCI All Countries Asia Pacific ex Japan Index, which made a negative return of 9.2%. As at the end of April, net asset value per share drops 12% to 325.17 pence from 369.97p the same date a year before. Keeps annual dividend at 4.30 pence per share.

----------

Physiomics PLC - oncology consultancy based in Oxford, England - For the year ended June 30, expects total income and post tax profit to be in line with market expectations, driven by the signing of new of follow-on investments with Merck KGaA, Numab Therapeutics and Bicycle Therapeutics.

----------

Griffin Mining Ltd - operator of the Caijiaying zinc-gold mine in China - For the second quarter of 2022, gold concentrate production drops annually to 3,504 ounces from 4,080 ounces, while silver output dips to 79,246 ounces from 81,098 ounces the same period a year before. Meanwhile, Griffin achieves record zinc output at 13,189 tonnes from 11,645 tonnes a year prior, in addition to a record figure of more mined at 338,790 tonnes from 277,112 tonnes.

----------

DX Group PLC - Slough, England-based parcel freight, secure courier and logistics company - For the year ended July 2, expected trading for the period to be significantly ahead of management expectations, with revenue on-track to be GBP425 million, an 11% increase from GBP382.1 million. A reason for the stronger performance was DX Freight, where revenue increased 15% annually, while DX Express revenue rose 7%.

----------

Argo Blockchain PLC - London-based cryptocurrency miner - Mines 179 bitcoin or bitcoin equivalent in June, up from 124 in May, as a result of an increase in total hashrate capacity and greater uptime at the Helios facility. Based on daily foreign exchange rates and cryptocurrency prices during the months, mining revenue in June rose to GBP3.4 million from GBP3.1 million in May.

----------

Artemis Alpha Trust PLC - investor in listed and unlisted companies - For the year ended April 30, net asset value total return was minus 22%, compared to the FTSE All-Share index, which returned 8.7%. As at April 30, net asset value per share drops 23% to 367.65 pence from 476.17p the same date a year prior. Dividend per share increases 5.7% to 5.60 pence from 5.30p the prior year.

----------

Novacyt SA - Surrey-based biotechnology group focused on clinical diagnostics - For the first half of 2022, revenue declines 68% to GBP16.5 million from GBP52.2 million the same period a year before, driven mainly by a faster than expected fall in Covid-19 related revenue. Looking ahead, should the rate of decline to Covid-related revenue persist, Novacyt expects revenue for 2022 as a whole to be GBP25 million, down from the company's former guidance range of GBP35 million to GBP45 million. This would deliver a loss before interest, tax, depreciation and amortisation of GBP11 million.

----------

Echo Energy PLC - London-based energy company focused on Latin America - For the first six months of 2022, net production reaches aggregate of 261,290 barrels of oil equivalent, driven by a successful upgrade to the compressor, leading to substantial output increases to production from the Oceano field. Also, company and joint venture partners agree on plan to materially increase production at Santa Cruz Sur, which includes increasing production from the project over a six-month period expected to start in the third quarter of 2022. Production is expected to be increased by 40% over current levels.

----------

Peel Hunt Ltd - London-based investment bank - For the first quarter ended June 30, revenue reaches GBP22.8 million, as a result of market wide capital markets activity remaining at low levels.

----------

Time Finance PLC - Bath, England-headquartered funding solutions provider - For the year ended May 31, pretax profit is set to decline 45% to GBP1.1 million from GBP2.0 million,reflecting the goodwill write-off of a non-core brokerage as well as restructuring costs. Revenue meanwhile is expected to drop 2% to GBP23.6 million from GBP24.2 million, despite the own-book gross lending portfolio increasing 19% annually to GBP137.8 million from GBP115.7 million.

----------

Sabien Technology Group PLC - London-based boiler efficiency products company - For the year ended June 30, revenue drops 14% to GBP830,000 from GBP970,000, noting a challenging supply chain environment.

----------

CAP-XX Ltd - Sydney-based maker of ultra-thin prismatic and cylindrical supercapacitors - For the year ended June 30, revenue and adjusted loss before interest, tax, depreciation and amortisation are set to be in line with expectations. Total revenue is on-track to increase 31% year-on-year to AUD5.6 million, while adjusted Lbitda will stand at AUD699,000. Looking ahead, expects to see continued growth in product sales for its current financial year, as a result of rising customer demand for DMF and DMT products and cylindrical supercapacitors in Malaysia.

----------

Caledonia Investments PLC - FTSE 250-listed investment trust - net asset value per share as at June 30 stands at 4,884 pence versus 5,032p at March 31, while the NAV total return for the three-month period is 1.3%, due to a stronger performance in the trust's Funds and Private Capital parts of its portfolio.

----------

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
25 Apr 2024 12:47

Argo Blockchain narrows annual loss amid bitcoin recovery in 2023

(Alliance News) - Argo Blockchain PLC on Thursday said the company strengthened its financial position last year, thanks to cost cutting and a rally in the price of bitcoin.

Read more
18 Apr 2024 14:17

UK earnings, trading statements calendar - next 7 days

Friday 19 April 
888 Holdings PLCTrading Statement
Man Group PLCTrading Statement
Monday 22 April 
Brave Bison Group PLCFull Year Results
Elixirr International PLCFull Year Results
Frenkel Topping Group PLCFull Year Results
Mobico Group PLCFull Year Results
South32 LtdQ3 Results
Ten Lifestyle Group PLCHalf Year Results
Tuesday 23 April 
Alliance Pharma PLCFull Year Results
Alphawave IP Group PLCFull Year Results
Anglo American PLCTrading Statement
ASA International Group PLCFull Year Results
Associated British Foods PLCHalf Year Results
Eleco PLCFull Year Results
GB Group PLCTrading Statement
Jupiter Fund Management PLCTrading Statement
Maintel Holdings PLCFull Year Results
Property Franchise Group PLCFull Year Results
Taylor Wimpey PLCTrading Statement
tinyBuild IncFull Year Results
Trellus Health PLCFull Year Results
Wednesday 24 April 
1Spatial PLCFull Year Results
abrdn PLCTrading Statement
Ecora Resources PLCTrading Statement
Fresnillo PLCTrading Statement
Lloyds Banking Group PLCQ1 Results
Nichols PLCTrading Statement
PensionBee Group PLCFirst Quarter Results
PZ Cussons PLCTrading Statement
Reckitt Benckiser Group PLCTrading Statement
Sanderson Design Group PLCFull Year Results
Serica Energy PLCFull Year Results
Star Energy Group PLCFull Year Results
Tortilla Mexican Grill PLCFull Year Results
Tracsis PLCHalf Year Results
Warpaint London PLCFull Year Results
Thursday 25 April 
Aquila European Renewables PLCFull Year Results
Argo Blockchain PLCFull Year Results
AstraZeneca PLCQ1 Results
Barclays PLCQ1 Results
Checkit PLCFull Year Results
Coca-Cola Europacific Partners PLCTrading Statement
Destiny Pharma PLCFull Year Results
Hikma Pharmaceuticals PLCTrading Statement
Focusrite PLCHalf Year Results
Ibstock PLCTrading Statement
Inchcape PLCTrading Statement
J Sainsbury PLCFull Year Results
London Stock Exchange Group PLCQ1 Results
Persimmon PLCTrading Statement
PPHE Hotel Group LtdTrading Statement
PureTech Health PLCFull Year Results
Relx PLCTrading Statement
Renewi PLCTrading Statement
Schroders PLCQ1 Results
Skillcast Group PLCFull Year Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
Unilever PLCQ1 Results
WAG Payment Solutions PLCTrading Statement
Weir Group PLCTrading Statement
WH Smith PLCHalf Year Results
WPP PLCTrading Statement
Zinc Media Group PLCFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
5 Apr 2024 10:54

Argo Blockchain ups Bitcoin mining production in March amid relocation

(Alliance News) - Argo Blockchain PLC on Friday said it mined more Bitcoin in March than a month earlier, despite network difficulties.

Read more
5 Mar 2024 17:09

EARNINGS AND TRADING: Harland & Wolff wins major Falklands contract

(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:

Read more
5 Feb 2024 09:18

Argo Blockchain shares drop on Bitcoin production falling in January

(Alliance News) - Argo Blockchain PLC on Monday said Bitcoin production fell in January, blaming a fall in hashprice and weather affecting its facilities.

Read more
8 Jan 2024 12:39

IN BRIEF: Cellular Goods interim CEO Darcy Taylor resigns on Monday

Cellular Goods PLC - London-based cannabinoid skincare manufacturer and carbon sequestration service developer - Announces resignation of Darcy Taylor from position as chair and interim chief executive officer. Appoints Michael Edwards as executive director with immediate effect. Edwards has over 20 years of technology investment experience, and was co-founder of the Argo Blockchain PLC and NFT Investments PLC digital asset companies.

Read more
8 Jan 2024 08:43

Argo Blockchain raises GBP7.8 million in placing; December revenue up

(Alliance News) - Argo Blockchain PLC on Monday said that funds raised through the share placing would be used to repay debts, after closing out 2023 with a "strong performance".

Read more
4 Dec 2023 10:50

Argo Blockchain mining revenue up in November as mines more bitcoin

(Alliance News) - Argo Blockchain PLC on Monday reported an increase in bitcoin mined as well as revenue growth.

Read more
27 Nov 2023 12:54

IN BRIEF: Argo Blockchain hires former CBOE Digital chief to be CEO

Argo Blockchain PLC - London-based cryptocurrency miner - Hires Thomas Chippas as chief executive officer and board member, starting immediately. New York-based Chippas most recently was CEO of CBOE Digital, a crypto trading and clearing firm that is part of Cboe Global Markets Group. He also was CEO of Citadel Technology LLC and worked at financial firms Citigroup Inc, Barclays PLC and Deutsche Bank AG. "The pace of innovation in the bitcoin mining industry continues to increase as miners seek ever greater efficiency and capacity in preparation for the bitcoin halving and beyond," Chippas says.

Read more
14 Nov 2023 14:21

TRADING UPDATES: Byotrol interim sales flat; Argo loss narrows

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

Read more
3 Nov 2023 09:59

IN BRIEF: Argo Blockchain mines more bitcoin in October than September

Argo Blockchain PLC - London-headquartered cryptocurrency mining company - Mines 143 Bitcoin or Bitcoin equivalents, or 4.6 Bitcoins per day, in October. This compares to mining 136 Bitcoin or Bitcoin equivalents or 4.5 Bitcoins per day in September. Says daily production up 2% in October from September, despite a 7% increase in the monthly average network difficulty in October to September. Says this is primarily due to fewer hours of economic curtailment at Helios in October. October mining revenue is USD4.3 million, up 19% from USD3.6 million in September.

Read more
5 Oct 2023 11:09

Argo Blockchain mines more bitcoin in September on power credits

(Alliance News) - Argo Blockchain PLC on Thursday reported an increase in bitcoin mined during September, which it attributed to significant power credits from economic curtailment.

Read more
8 Sep 2023 13:56

Argo Blockchain mines less bitcoin in August on economic curtailment

(Alliance News) - Argo Blockchain PLC on Friday reported a reduction in bitcoin mined during August, which it attributed to economic curtailment at its mine in Texas.

Read more
29 Aug 2023 10:10

Argo Blockchain reduces debt but Bitcoin decline hits revenue

(Alliance News) - Argo Blockchain PLC on Tuesday said it reduced its debt during the first half year as its interim loss narrowed, but that various cryptocurrency headwinds caused revenue to fall.

Read more
4 Aug 2023 09:30

Argo Blockchain hails hashrate capacity while mining falls in July

(Alliance News) - Argo Blockchain PLC on Friday celebrated a return to growth in its total hashrate capacity in July, despite mining less bitcoin compared to June.

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.