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Pin to quick picksBushveld Minerals Share News (BMN)

Share Price Information for Bushveld Minerals (BMN)

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Share Price: 0.55
Bid: 0.50
Ask: 0.60
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AIM WINNERS & LOSERS: Bushveld jumps as refinances loan with OMF Fund

Thu, 01st Feb 2024 10:31

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

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AIM - WINNERS

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Bushveld Minerals Ltd, up 56% at 1.67 pence, 12-month range 0.96p-5.90p. The integrated primary vanadium producer completes the refinancing of its unsecured convertible loan notes issued to OMF Fund III (F) Ltd, which was dated September 29, 2020. It says it has refinanced its convertible debt obligations of USD47.1 million. Chief Executive Craig Coltman says: "I am pleased to announce all conditions set out on the definitive agreement with Orion were met and the refinancing transaction is now completed. We thank Orion for their ongoing support towards the company."

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AIM - LOSERS

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Made Tech Group PLC, down 25% at 9.75p, 12-month range 9.50p-42.00p. The provider of digital, data and technology services issues a trading update, ahead of the publication of its half-year results on February 26. Revenue in the six months ended November 30 fell to GBP19.1 million from GBP20.6 million a year earlier. Adjusted earnings before interest, tax, depreciation and amortisation more than double to GBP1.4 million from GBP500,000. Made Tech says: "The board anticipates that the procurement market will be impacted by the uncertainty created by the upcoming general election in the short term. Notwithstanding this temporary market backdrop the strong improvements made to Made Tech's operating model and margins, the investment in its commercial offering, combined with its strong balance sheet and contracted backlog, position the group well to execute on its growth strategy."

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CAP-XX Ltd, down 25% at 0.71 p, 12-month range 0.55p-3.25p. The manufacturer of supercapacitors for portable electronic devices reports results for the half-year ended December 31. Revenue in the period increases by 40% to AUD2.3 million, around GBP1.2 million, from AUD1.6 million a year earlier. However, pretax loss widens to AUD3.4 million from AUD2.6 million. Its adjusted Ebitda loss widens to AUD1.1 million from AUD966,000. Chair Pat Elliott and Chief Executive Lars Stegmann says: "The legal costs and unexpected expenses in relation to the departure of the former CEO and investment in new product developments have result in our adjusted Ebitda remaining negative and the company's cash position being tight. However, the board is managing the company's cashflows carefully."

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By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
3 Jan 2024 21:30

IN BRIEF: Bushveld Minerals yet to receive subscription payment

Bushveld Minerals Ltd - integrated primary vanadium producer - Says it has yet to receive payment from Southern Point Resources under its subscription in the recent equity issue. Notes that while it is "confident" that the USD12.5 million in funds will be received in the coming week, and has been assured as such by Southern Point, it is "obliged to inform the market of the current state of affairs". Adds that shares due to SPR have been issued as a share certificate and remain in the company's possession. The money due is classified as a short-term receivable on the balance sheet until it has been received.

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19 Dec 2023 13:35

Busheld Minerals granted SARB approval for 100% ownership of Vametco

(Alliance News) - Bushveld Minerals Ltd on Tuesday said it had received approval for the acquisition of minority interests in the Vametco vanadium mine and production facility.

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15 Dec 2023 11:59

LONDON MARKET MIDDAY: FTSE 100 hurt by "mixed bag" of PMI data

(Alliance News) - The FTSE 100 in London was down at midday Friday, seeing Thursday's rally from hopes of interest rate cuts in the US coming to an end.

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15 Dec 2023 10:58

Bushveld Minerals inks deal with Southern Point Resources

(Alliance News) - Bushveld Minerals Ltd saw its shares rise on Friday, after entering into a definitive agreement with Southern Point Resources Ltd.

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14 Dec 2023 15:53

TRADING UPDATES: Eurasia Mining settles dispute with former advisor

(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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13 Dec 2023 14:18

Bushveld gives notice to 40pc of head office staff

(Sharecast News) - Vanadium producer Bushveld Minerals said in an update on Wednesday that it was implementing strategic cost-cutting measures to ensure long-term competitiveness and financial stability, while also right-sizing its head office staff to align with a renewed focus on core operational assets.

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13 Dec 2023 14:12

Bushveld Minerals cuts costs by letting go of 40% of head office

(Alliance News) - Bushveld Minerals Ltd on Wednesday said it will be cutting costs, but the measures will impact about 40% of head office positions.

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12 Dec 2023 19:24

IN BRIEF: Bushveld Minerals completes fundraise with retail offer

Bushveld Minerals Ltd - South Africa-focused vanadium producer and energy storage solutions provider - Announces the completion of the PrimaryBid offer that was announced on December 5. Says retail investors subscribed for around 2.5 million shares at an issue price of 3 pence per share, raising around GBP73,533.

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5 Dec 2023 18:09

EARNINGS AND TRADING: Oxford Metrics revenue up; TPXimpact loss widens

(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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29 Nov 2023 21:36

EARNINGS AND TRADING: Southern Energy loss swing; Craven House widens

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

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27 Nov 2023 20:02

TRADING UPDATES: Live Co to cut jobs; SDX Energy in strategy shift

(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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20 Nov 2023 18:23

TRADING UPDATES: Eqtec to restucture; Bushveld to sell Cellcub stake

(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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16 Nov 2023 19:30

TRADING UPDATES: Instem acquisition by Ichor sanctioned by UK court

(Alliance News) - (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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6 Nov 2023 14:26

TRADING UPDATES: Anglo-Eastern output down year-to-date, Bushveld's up

(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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30 Oct 2023 14:34

IN BRIEF: Bushveld to become sole Vametco owner in acquisition deal

Bushveld Minerals Ltd - South Africa-focused vanadium producer and energy storage solutions provider - Enters conditional agreement to acquire the remaining 26% minority interest in Bushveld Vametco Holdings Proprietary Ltd, currently owned by a black economic empowerment consortium, in exchange for the issue of 232.8 million shares or 13% of its enlarged share capital. Transaction will grant Bushveld 100% ownership of the Vametco mine and vanadium plant, and complete control over its cash flows. Says 70% of consideration shares will be subject to a six-month lock-in period. Consideration also includes Bushveld paying ZAR18 million in cash to one of the BEE consortium vendors.

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