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Pin to quick picksArc Minerals Share News (ARCM)

Share Price Information for Arc Minerals (ARCM)

London Stock Exchange
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Share Price: 1.70
Bid: 1.65
Ask: 1.75
Change: 0.13 (8.28%)
Spread: 0.10 (6.061%)
Open: 1.675
High: 1.70
Low: 1.625
Prev. Close: 1.57
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EARNINGS SUMMARY: Angle revenue up; Synairgen, Bango loss widens

Thu, 29th Sep 2022 20:30

(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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Angle PLC - Surrey, England-based medical diagnostics company - Pretax loss in the first half of 2022 widens to GBP10.5 million from GBP8.7 million, due to "a planned investment." Revenue rises to GBP419,000 from GBP296,000, "driven by research use sales of the Parsortix system along with an initial contribution from the pharma services business, including both clinical trial services and bespoke assay development." Expects its first FDA clearance to "positively impact all areas" of its business going forward.

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Bango PLC - Cambridge-based mobile commerce company - Pretax loss widens to USD1.2 million in the first half of 2022 from USD617,000 a year before. Administrative expenses rise to USD10.4 million from USD9.2 million. Revenue grows to USD10.8 million versus USD9.9 million. Attributes this to its "virtuous circle strategy" and investment in research and development, which continues to generate strong growth. Believes it is well positioned to continue taking market share.

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XLMedia PLC - Henley-on-Thames-based digital publisher - Pretax loss widens to USD1.7 million in the first half of 2022 from USD439,000 a year ago. Sales and marketing costs jump to USD16.2 million from USD7.3 million. Revenue rises 48% to USD44.5 million from USD32.2 million. Attributes this to new partnerships throughout the period. Expects full-year adjusted earnings before interest, tax, depreciation, and amortization is broadly in line with the prior year, returning to growth in 2023.

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Maintel Holdings PLC - London-based cloud and managed service specialist - Pretax loss in the six months to June 30 dives to GBP575,000 from a profit of GBP3.8 million a year before. Revenue falls 13% to GBP46.7 million from GBP53.5 million. Blames this on hardware supply-chain problems that significantly hurt revenue. Notes that supply chains are not expected to normalise until the second quarter of 2023. Remains confident that it will return to organic growth as global supply chains normalise.

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Synairgen PLC - Southampton, England-based drug discovery and biotechnology company - Pretax loss for the half-year to June 30 shrinks to GBP14.0 million from GBP38.9 million, as research and development expenditure falls to GBP11.1 million from GBP36.9 million. Explains that expenditure on the phase 3 Sprinter trial and manufacturing activities reduced.

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Armadale Capital PLC - London-based Africa-focused natural resource projects investor - Pretax loss in the first half of 2022 widens to GBP152,000 from GBP27,000 a year before. Records an unrepeated gain of GBP139,000 in the prior period.

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Arc Minerals Ltd - base metals exploration company focused in Africa - Pretax loss in the first half widens to GBP8.5 million from GBP3.6 million a year before. Attributes this to an expense of GBP6.8 million, due to the Zamsort/Handa restructuring, after transferring Zamsort assets and liabilities to Handa Resources Ltd.

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Orosur Mining Inc - Toronto-based mineral exploration & development company focused on South America - Net loss for continued operations in the year to May 31 narrows to USD1.4 million from USD1.7 million a year before. Gain on fair value of warrants increases to USD1.6 million from USD627,000. "The handing over of operational control at Anza in late 2021, and a strong balance sheet, have freed up our skilled South American team to examine investment in new projects. The addition of our Ariquemes tin project in Brazil, and of the El Pantano gold/silver project in Argentina have transformed the company into a well-balanced minerals exploration company," Executive Louis Castro comments.

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VPC Specialty Lending Investments PLC - invests in asset-backed loans to businesses originated by non-bank lenders - Net asset value as at June 30 falls to 105.51 pence from 114.14p as at December 31. Share price on the same date falls to 83.40p from 92.20p as at December 31. Delivers a total return of negative 4.1%. Blames this on an unpredictable and volatile macroeconomic environment. Declares quarterly dividends totalling 4.00 pence per share. Remains in a period of heightened uncertainty, with inflation still at "worryingly high levels".

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Crossword Cybersecurity PLC - Richmond, England-based cybersecurity solutions company - Pretax loss in the first half of 2022 widens to GBP2.3 million from GBP1.5 million a year before. Administrative expenses grow to GBP2.1 million from GBP1.5 million. Revenue grows 85% to GBP1.5 million versus GBP824,923. Attributes this to the integration of three companies with strong underlying Software as a service and services recurring revenue. Projects revenue growth of roughly 75% to GBP4 million in 2022, driven by organic growth and already completed acquisitions.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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12 Mar 2024 11:45

Arc Minerals raises GBP4.1 million for exploration in Botswana

(Alliance News) - Arc Minerals Ltd on Tuesday said it has raised GBP4.1 million through a placing and subscription.

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TRADING UPDATES: Karelian gets permit extension, Starwood ups dividend

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Arc Minerals finalises joint venture with Anglo American subsidiary

(Alliance News) - Arc Minerals Ltd on Friday said that it had unconditionally completed its joint venture agreement with a subsidiary of Anglo American PLC, which concerns copper interests in northwestern Zambia.

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27 Oct 2023 13:51

Arc Minerals completes joint venture deal with Anglo American

(Sharecast News) - Arc Minerals announced the fulfilment of substantive regulatory conditions related to its joint venture agreement with a subsidiary of Anglo American on Friday.

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27 Oct 2023 13:15

IN BRIEF: Arc Minerals meets Anglo American joint venture conditions

Arc Minerals Ltd - Africa-focused base metals exploration company with projects in Zambia and Botswana - Satisfies "substantive" regulatory conditions regarding its joint-venture agreement with a subsidiary of Anglo American PLC, as previously announced regarding copper interests in northwestern Zambia. Says the two parties have completed the subscription of shares in the joint venture company, resulting in a 70% interest being acquired by Anglo American and a 30% interest being acquired by Unico Minerals Ltd, a 67%-owned subsidiary of Arc Minerals. Also notes drilling at one of the key joint venture licences has begun. Says certain minor procedural conditions are in the process of being satisfied after which the JVA will become unconditional. These remaining conditions are expected to be satisfied within the next two weeks, Arc Minerals says.

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29 Sep 2023 14:29

EARNINGS: Beacon Energy and Kefi Gold & Copper losses widen

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

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3 Jul 2023 12:03

Arc Minerals slightly widens loss but says copper outlook still strong

(Alliance News) - Arc Minerals Ltd on Monday said it continued to make a loss in 2022, which was "dominated" by ongoing negotiations over a joint venture with Anglo American PLC, but said the industry outlook was positive despite a volatile economic environment.

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20 Apr 2023 10:16

Arc Minerals signs Zambia joint-venture with Anglo American subsidiary

(Alliance News) - Arc Minerals Ltd on Thursday said it has signed a binding joint venture agreement with a subsidiary of Anglo American PLC regarding its copper interests in northwestern Zambia.

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31 Mar 2023 13:27

IN BRIEF: Arc Minerals extends exclusivity deal with Anglo American

Arc Minerals Ltd - Africa-focused base metals exploration company with projects in Zambia and Botswana - Agrees 13 business day extension for exclusivity agreement with its proposed joint-venture partner, a subsidiary of Anglo American PLC. Says extension under the letter of intent with Anglo American now runs until April 13. This is to accommodate the completion of "certain outstanding steps" regarding the proposed joint venture's copper interests in northwestern Zambia.

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7 Feb 2023 12:58

Arc Minerals progresses talks with Anglo American on Zambian venture

(Alliance News) - Arc Minerals Ltd on Tuesday said it has substantially progressed negotiations with Anglo American PLC regarding its copper interests in North Western Zambia.

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27 Oct 2022 16:19

UK shareholder meetings calendar - next 7 days

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ITM Power PLCAGM
Kibo Energy PLCAGM
Mattioli Woods PLCAGM
Shepherd Neame LtdAGM
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The Investment Co PLCAGM
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B&M European Value Retail SAGM appointment of directors
Brown Advisory US Smaller Cos PLCAGM
City of London Investment Group PLCAGM
GSTechnologies LtdAGM
London Finance & Investment Group PLCAGM
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Superdry PLCAGM
Tavistock Investments PLCAGM
Time Finance PLCAGM
TruSpine Technologies PLCAGM
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KR1 PLCAGM
Ikigai Ventures LtdAGM
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IDE Group Holdings PLCAGM
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MiLOC Group LtdAGM
NCC Group PLCAGM
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Thursday 3 November 
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Arc Minerals LtdAGM
Cap-XX LtdAGM
Darktrace PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
12 Sep 2022 14:33

IN BRIEF: Arc Minerals shares up as gets renewal for Virgo project

Arc Minerals Ltd - base metals exploration company focused in Africa - Says subsidiary Alvis Crest Ltd receives renewal from the Department of Mines for two prospecting licenses, known as the Virgo project, in Botswana. Says the two licenses have been renewed for another two years until September 30 2024.

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15 Aug 2022 17:50

IN BRIEF: Arc Minerals starts maiden drilling at Virgo prospect

Arc Minerals Ltd - base metals exploration company focused in Africa - Commences maiden drilling programme at the Virgo project in Botswana. Drilling has objective of testing geochemical anomalies identified in the Virgo licences located within the Central Structural Corridor of the Kalahari Copper Belt.

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