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Pin to quick picksAura Egy Share News (AURA)

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UK TRADING UPDATE SUMMARY: Retailer Sosandar In Quarterly Revenue Jump

Tue, 07th Jul 2020 16:35

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

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Sosandar PLC - Cheshire-based women's clothing retailer - Says first quarter revenue surges by 54% annually. Has seen 24% increase in new customers during quarter.

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Altitude Group PLC - personalised products marketplace operator - Trading between January and mid-March went as forecast though between mid-March and May, supplier partners posted 80% year-on-year slumps in regular promotional orders. Activity has increased as some US states emerge from lockdown, order activity in June at 50% of prior year.

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Rosslyn Data Technologies PLC - procurement and master data management solutions provider - Notes it has continued to support its clients, across various sectors such as banking and pharmaceuticals, during Covid-19 pandemic. Notes it saved one customer GBP12 million through data and invoicing assistance.

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Argo Blockchain PLC - cryptocurrency miner - Mined 180 bitcoin or bitcoin equivalent in June, down 29% from 252 in May. Argo notes month-on-month reduction down to "rise in mining difficulty mid-month and an adjustment to more cost-efficient mining".

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PCI-PAL PLC - secure payment solutions provider - Expects to report revenue of GBP4.4 million for year to June 30, up 55% from GBP2.8 million. Expects revenue growth between 50% and 60% in financial 2021.

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Live Company Group PLC - events firm - Says significant cost savings achieved in second quarter. BRICKLIVE Animal Paradise site now open in a Michigan zoo but number of events booked for quarter postponed due to Covid-19.

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Enwell Energy PLC - Ukraine-focused oil and gas explorer - Says overall production volumes in Ukraine rose 13% year-on-year in second quarter. Notes SV-54 development well completed after reaching final depth of 5,322 metres.

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Cadence Minerals PLC - Mineral resources investor based in London - Says Amapa iron ore project owner DEV Mineracao SA yet to reach a settlement with its creditors. It remains the last precondition before Cadence takes stake in project.

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Aura Energy Ltd - Australian minerals exploration firm - Signs CAD4.5 million, about GBP million, funding term sheet with Toronto-listed Chilean Metals Inc for Aura's gold, base and battery metal tenements in Mauritania.

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Thor Mining PLC - London-based vanadium miner - Reports "positive" assay results from field sampling of potential vanadium acquisition in Colorado.

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Zenith Energy Ltd - Africa-focused oil & gas producer - Enters into a joint-venture agreement with an oil and gas firm in Republic of Congo. Purpose of the pact is to acquire an onshore oil production licence which had output rate of 300 barrels of oil per day in 2019.

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Pure Gold Mining Inc - Canada-based gold mine developer - Exploration drilling at Red Lake mine funds "high-grade gold mineralisation".

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PureTech Health PLC - London-based biotherapeutics firm - Founding entity Vor raises USD110 million in Series B financing. Cash to go towards advancing the VOR33 candidate into clinical trials.

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Inspiration Healthcare Group PLC - Crawley-based medical technology company - Notes that GBP18.0 million deal to acquire SLE Ltd has been completed.

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Vectura Group PLC - London-based drug delivery products - Notes Novartis's Enerzair Breezhaler asthma treatment product inks regulatory green light in Europe and Japan. Vectura receives USD6.3 million in milestone payments. Product uses Vectura's formulation IP.

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Open Orphan PLC - pharmaceutical services company - Signs three new laboratory services contracts. Notes one contract is with University of Cambridge spin-off NoBACZ Ltd which is developing an antimicrobial coating for everyday surface to prevent illness trasmission.

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SkinBioTherapeutics PLC - Macclesfield-based skin health-focused life sciences company - Finishes stable formulation of AxisBiotix product, a food supplement which treats psoriasis.

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Path Investments PLC - energy and natural resources investment company - Terms of acquisition of Zoetic International PLC's 75% stake in DT Ultravert altered. Path will now issue 15.0 million warrants at an exercise price of 0.75p, together with 15.0 million warrants exercisable at 1.5p. Path to also pay Zoetic a royalty of 6% from all revenue at DTU.

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Aberdeen New India Investment Trust PLC - investment trust - Enters into two-year GBP30 million loan pact with Royal Bank of Scotland International Ltd

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Frontier IP Group PLC - intellectual property investment company with offices in Edinburgh, Cambridge and London - Portfolio company Celerum Ltd sub-contracted to support software development for Aberdeen-based PlanSea Solutions Ltd. Frontier holds a 34% stake in Celerum.

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Braveheart Investment Group PLC - private equity and venture capital firm - Investee Paraytec Ltd progressing with Covid-19 test development with University of Sheffield. Producing an artificial version of virus to avoid using live Covid-19.

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Gresham House Energy Storage Fund PLC - London-based energy storage investor - Launches debt issue to fund acquisition of battery storage products. Aims to generate proceeds of GBP15 million through an initial issue of 5.0% per year fixed rate bonds.

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Gunsynd PLC - London-based investment firm - Placed a further 16.0 million shares due to investor demand, raising GBP104,000. Proceeds will go towards making investments.

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Helical PLC - property investor with office assets in London - On July 3, 76% of rent for June quarter was collected with further 15% agreed to be paid in instalments.

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Impax Asset Management Group PLC - sustainability-focused investor - Assets under management at end of June totalled GBP18.1 billion, a 26% increase during third quarter.

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Velocity Composites PLC - composite materials supplier for aerospace sector - Lands new framework agreement with customer that is a UK prime contractor in the defence sector.

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Avingtrans PLC - engineering firm - Revenue for year ended May 31 expected to rise 8.6% to GBP114 million from GBP105 million. Says Covid-19 shrouds visibility for financial 2021, so net year ready to release guidance.

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Seeing Machines Ltd - monitoring systems developer - Welcomes Moving Forward Act which has been passed by US House of Representatives. Bill requires vehicles to pass safety checks including automatic braking, lane-keeping, blind-spot detection, event data recorders. Bill needs Senate approval now.

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LPA Group PLC - LED lighting system manufacturer - Secures GBP3.3 million in contract wins in UK and export rail markets.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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TRADING UPDATES: Bioventix hails "technical progress" as profit rises

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

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17 Oct 2023 18:34

IN BRIEF: Aura Energy looks to significantly expand Tiris Project

Aura Energy Ltd - London-based minerals company that holds projects in Mauritania and Sweden - Reports it has acquired additional radiometric survey data, reviewed historical drilling results, and identified strong indications of mineralisation extensions on Aura's existing tenements that could significantly expand Aura's current Tiris Project resource. Signs contracts for an exploration programme of 15,500 metre air core drilling over 78.1 kilometres squared on existing tenements, aiming to significantly increase the inferred mineral resource at the project by extending the existing resources. The mobilisation of the drilling contractor will commence on October 16, company says. Stresses there has been insufficient exploration of these targets to estimate a mineral resource, and it is uncertain whether this exploration effort will result in an estimation of a mineral resource.

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5 Sep 2023 19:41

TRADING UPDATES: Molecular Energy proposes Argentinian disposal

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

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TRADING UPDATES: Tintra in Rwandan push, Steepe Cement profit flat

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

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3 May 2023 15:49

Aura Energy raises AUD10 million to develop project portfolio

(Alliance News) - Aura Energy Ltd on Wednesday said it has raised AUD10 million, about GBP5.3 million, through a placing of 54.1 million new shares at an offer price of AUD0.185 per share.

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2 May 2023 17:29

TRADING UPDATES: Tlou receives loan to help fund Botswana operations

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

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IN BRIEF: Aura Energy notes Tiris project production forecast increase

Aura Energy Ltd - London-based minerals company that holds projects in Mauritania and Sweden - In the first quarter of 2023, says its enhanced definitive feasibility study confirms robust financial returns based on a 150% increase in annual production and near-term production potential of the Tiris uranium project in Mauritania. Substantially improved EFS based on a 52% increase in measured and indicated resources at Tiris. Says it continues to progress with the export permit for the uranium, with the final transport and shipping protocols in the final stages of preparation to allow the permit to be submitted during the next quarter. Say it continues to support the Swedish government's strategy to rescind the present ban on uranium mining and continues to progress with the work for the delivery of the exploitation permit for the Haggan project that supports the independence of Sweden's future energy supply. Says it is still adequately funded for key programs aimed at supporting a final investment decision in the fourth quarter of 2023.

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3 Apr 2023 12:00

Aura Energy notes rejection of bid to lift Swedish uranium mining ban

(Alliance News) - Aura Energy Ltd on Monday noted that the Swedish government has rejected a motion to lift its ban on uranium mining in Sweden.

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31 Mar 2023 12:48

IN BRIEF: Aura Energy drops 17% in London as Sydney shares suspended

Aura Energy Ltd - London-based minerals company that holds projects in Mauritania and Sweden - Shares on the Australian Securities Exchange have been suspended from trading immediately, pending a "further" announcement. Aura expects trading in its shares to resume in Sydney when the expected announcement is made, or upon market open on Tuesday next week. Aura shares will continue to trade as normal on AIM in London.

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29 Mar 2023 14:35

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(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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Aura Energy upbeat on enhanced study at Tiris

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Aura Energy interim loss widens, Sweden & Mauritania projects ongoing

(Alliance News) - Aura Energy Ltd said on Thursday its interim pretax loss for 2022 had widened whilst it pursued the exploration and evaluation of uranium and vanadium.

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