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Pin to quick picksBushveld Minerals Share News (BMN)

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TRADING UPDATES: Loungers posts record revenue; SigmaRoc solid quarter

Tue, 26th Apr 2022 16:00

(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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Loungers PLC - operator of restaurants across England and Wales - For the 52 weeks ended April 17, achieves a record revenue of GBP237.3 million, in spite of a subdued December due to the Omicron variant. For the 48 weeks ended April 17, three year like-for-like sales grows 22%. Following a strong post-Christmas performance, profitability for the year is set to be slightly ahead of expectations.

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SigmaRoc PLC - London-based investment company focused on construction - For the first quarter of 2022, revenue rises 19% to GBP111.2 million from the same period in 2021, due to strong customer demand across all regions and products, particularly construction materials. Despite the uncertain macroeconomic backdrop, SigmaRoc remains confident about its prospects for the year.

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Trakm8 Holdings PLC - Birmingham-based telematics and data insight provider - For the financial year ended March 31, revenue rises 14% higher year-on-year to GBP18.2 million, and as a result expects to achieve an adjusted pretax profit of around GBP7,000, swinging from a loss of GBP300,000 the year before. Looking ahead, company is experiencing significant salary and component inflationary pressures, and states it is unlikely that the company can mitigate all of these cost measures.

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Lords Group Trading PLC - London-based distributor of building, plumbing, heating and DIY goods - For 2021, expects to report revenue at GBP363 million, and adjusted earnings before interest, tax, depreciation and amortisation of GBP21.5 million. For the first quarter of 2022, group revenue grew 14% to GBP103.2 million from GBP91.0 million a year prior, driven by strong growth from the Merchanting division. Looking further ahead, for 2022 the company anticipates revenue at GBP438 million, and adjusted pretax profit of GBP16.0 million.

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Franchise Brands PLC - Manchester-based owner of ChipsAway, Willow Pumps and Metro Rod brands - Notes continuation of sales and Ebitda growth seen in 2021 throughout the first quarter of 2022. In addition, reports a positive contribution to the group from the integration of Filta Group Holdings PLC. "Overall, the group is trading well, and the board looks forward to the rest of the year with considerable confidence".

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Bushveld Minerals Ltd - Guernsey-based vanadium producer with assets in South Africa - For the three months ended March 31, total production edges 1% higher at 972 metric tonnes vanadium, from 962 mtV the previous quarter, due to continued operational stability. Meanwhile, total sales grow 9% to 857 mtV from 788 mtV the same period a year prior. Looking ahead, Bushveld remains on track to meet annual production guidance of 4,200 mtV - 4,400 MtV.

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Shanta Gold Ltd - east Africa-focused gold producer, developer and explorer - For the first quarter of 2022, production dips to 11,408 ounces of gold from 12,244 ounces the previous quarter, in line with guidance set in January. The West Kenya project has upgraded its mineral resource estimate, with a 31% increase to 1.55 million ounces and sharp jump in indicated resources to 378,000 ounces grading at 11.7 grams per tonne.

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Manolete Partners PLC - London-based insolvency litigation financing - Receives all expected cash amounting to GBP5.6 million, following the completion of one of its larger case investments for GBP9.5 million, first mentioned in mid-April. Back then, the company says earnings before interest and tax between GBP5 million and GBP6 million to fall below market expectations for year ended March 31.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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22 May 2018 16:01

Bushveld Minerals Completes 30 Year Agreement To Build Power Plant

LONDON (Alliance News) - Bushveld Minerals Ltd said Tuesday it has signed a 30-year concession agreement with the government of the Republic of Madagascar for the approval to develop, construct an

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27 Apr 2018 12:38

Bushveld Minerals On Track To Keep Pushing Up Vanadium Output

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28 Mar 2018 14:14

Bushveld Minerals Appoints Michael Kirkwood As Non-Executive Director

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26 Mar 2018 18:18

Bushveld Minerals Raises USD22 Million In Equity Placing (ALLISS)

LONDON (Alliance News) - South African vanadium producer Bushveld Minerals Ltd said Monday that it has raised USD22.2 million through an oversubscribed equity a

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13 Dec 2016 11:04

Bushveld to buy stake in Namibia tin project

(ShareCast News) - Diversified mineral explorer Bushveld is to buy an interest in the Uis tin project in Namibia. The company's subsidiary Greenhills Resources will buy a 49% stake in Dawnmin Africa Investments, which is the 85% owner of the tin project, from a consortium of shareholders in Namibia.

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13 Dec 2016 08:37

Bushveld Buys Into Uis Tin Project In Namibia For GBP650,000 (ALLISS)

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21 Oct 2016 08:39

Bushveld Minerals completes £0.75m placing

(ShareCast News) - Bushveld Minerals announced on Friday that it has placed 53,571,430 new ordinary shares of 1p each in the company, at a price of 1.4p each, raising gross proceeds of £0.75m. The AIM-traded firm said the placing coordinator, Beaufort Securities, has been issued 5,357,143 broker war

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5 Oct 2016 10:26

Bushveld Minerals updates on its energy project

(ShareCast News) - Diversified mineral development company Bushveld Minerals updated the market in respect of its 84% owned subsidiary, Bushveld Energy, on Wednesday. The AIM-traded firm launched BE in January 2016 to focus on developing and promoting the role of vanadium in the growing global energ

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5 Oct 2016 08:15

Bushveld Expects Results From Energy Storage Research By Year-End

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15 Jul 2016 15:45

Bushveld Minerals Postpones Completion Of Strategic Minerals Purchase

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20 Jun 2016 07:57

Bushveld Gets Encouraging Results From Groenfontein Tests

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Bushveld Says Settlement Reached For Imaloto Mining Licence

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Bushveld To Investigate Energy Storage Opportunities In South Africa

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3 Jun 2016 07:20

Bushveld Gets USD5.2 Million For Strategic Minerals Acquisition (ALLISS)

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