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Pin to quick picksArc Minerals Share News (ARCM)

Share Price Information for Arc Minerals (ARCM)

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Share Price: 1.775
Bid: 1.75
Ask: 1.80
Change: 0.055 (3.19%)
Spread: 0.05 (2.857%)
Open: 1.725
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Low: 1.78
Prev. Close: 1.725
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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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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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1 Jul 2022 10:32

IN BRIEF: Arc Minerals obtains first GBP125,000 payment for Casa stake

Arc Minerals Ltd - base metals exploration company focused in Africa - Receives first cash payment of USD125,000 towards the USD1.5 million receivable from the disposal of its Casa interests. The next USD125,000 is due within the next 30 days and the issuance of USD1.3 million in listed stock remains due by July 28.

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15 Jun 2022 17:45

IN BRIEF: Arc Minerals starts Virgo project maiden exploration

Arc Minerals Ltd - base metals exploration company focused in Africa - Starts maiden exploration programme for its Virgo project in Botswana, starting with a soil geochemistry survey underway to be followed by an exploratory drill programme.

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12 May 2022 12:43

Arc Minerals to form joint venture with Anglo American in Zambia

(Sharecast News) - Arc Minerals has entered into an agreement with a subsidiary of Anglo American, it announced on Thursday, to form a joint venture on its copper-cobalt project in the North-Western province of Zambia.

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12 May 2022 12:15

Arc Minerals agrees copper-cobalt joint venture with Anglo American

(Alliance News) - Arc Minerals Ltd on Thursday said it signed an agreement with a subsidiary of FTSE 100-listed miner Anglo American PLC for the company's copper-cobalt project located in Zambia.

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12 May 2022 10:47

AIM WINNERS & LOSERS: Arc Minerals "turning point"; Titon posts loss

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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21 Mar 2022 19:11

TRADING UPDATES: Kavango eyes acquisition; PYX ups zicron price

(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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18 Feb 2022 20:31

IN BRIEF: Arc settles Zambia legal claims by giving up Zamsort stake

Arc Minerals Ltd - copper and cobalt explorer in Zambia - Agrees to settle various disputed matters and for all legal proceedings to be permanently dropped. Dispute surrounded debt claim made against investee Zamsort Ltd. Claim in connection to USD5.8 million debt raise by Zamsort in 2015, prior to Arc becoming a shareholder in unit. Says agreement will now be submitted to Zambian courts to effect a consent judgement which will have the force of law.

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14 Feb 2022 22:18

TRADING UPDATES: CentralNic expects revenue growth ahead of views

(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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9 Dec 2021 14:43

UK shareholder meetings calendar - next 7 days

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9 Nov 2021 19:18

TRADING UPDATES: Sealand's China progress; Altus finds gold

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4 Nov 2021 19:26

IN BRIEF: Arc Minerals hails Alvis-Crest acquisition progress

IN BRIEF: Arc Minerals hails Alvis-Crest acquisition progress

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25 Oct 2021 17:53

TRADING UPDATES: Ridgecrest ends Blue Air deal; Vast's Baita Plai hit

TRADING UPDATES: Ridgecrest ends Blue Air deal; Vast's Baita Plai hit

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13 Oct 2021 20:00

TRADING UPDATES: Victoria and Brickability report revenue progress

TRADING UPDATES: Victoria and Brickability report revenue progress

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22 Sep 2021 13:05

Arc Minerals surges on latest drilling in Zambia

(Sharecast News) - Arc Minerals confirmed on Wednesday that the diamond drilling programme on its majority-controlled licences in north-western Zambia had intersected massive sulphide copper mineralisation at Cheyeza East.

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