(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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Equals Group PLC - London-based payments firm for small and medium enterprises - Says revenue in 2022 rises 59% to GBP69.7 million from GBP44.1 million and gross profit climbs 39% to GBP33.6 million from GBP24.0 million. Adjusted earnings before interest, tax, depreciation and amortisation to rise 79% to "marginally above" GBP12.0 million from GBP6.7 million, an outcome ahead of market expectations.
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Pebble Group PLC - promotional products industry-focused technology and services provider - Says 2022 results to be in line with current market expectations. Expects revenue of GBP133 million, rising from GBP115.1 million in 2021. To report adjusted Ebitda "approaching" GBP18 million, up from GBP15.4 million.
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R&Q Insurance Holdings Ltd - speciality non-life insurer - Says its R&Q Accredited scheme approved seven new programmes in December. "These programmes will begin writing business over the course of the first quarter of 2023," R&Q adds. Expects programmes to achieve total gross written premiums of around USD130 million over next 12 to 15 months.
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DP Poland PLC - operator of Domino's pizza stores and restaurants across Poland and Croatia - Says Poland's total system sales rise 20% in 2022 from 2021. In fourth quarter alone, they rise 12% year-on-year. Like-for-like system sales in Poland improve 21% in 2021 and 13% in fourth quarter. Over in Croatia, total system sales jump 93% in 2022 from 2021. Fourth quarter total system sales surge 82% year-on-year. Like-for-like system sales rise 8.7% in 2022 from 2021 in Croatia, while climbing 20% on-year in fourth quarter.
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Grand Vision Media Holdings PLC - out-of-home advertising and digital marketing company - Acknowledges share price surge which occurred on Monday but explains it knows of "no commercial or operational reason for the increase". Grand Vision adds: "The company continues to navigate through the disruption caused by Covid, which has been more pronounced in China as Covid restrictions have recently been relaxed." Shares in the company closed down 45% to 3.00 pence each in London on Tuesday. They had multiplied to 5.50p on Monday, from 1.25p on Friday.
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BlueRock Diamonds PLC - diamond producer focused on South Africa - It warns on weaker output and says talks to settle financing with creditors hit a snag. BlueRock said it has failed in attempts to reach an arrangement with Mark Poole and Tim Leslie over loan notes. The outstanding balance on the notes is GBP361,667. "Mr Leslie notified his intention to present a winding-up petition should the amount outstanding on the Loan Note not be settled by 13th January 2023. BlueRock Diamonds has written to Mr Leslie's solicitor seeking further discussions and is waiting for a response," the company said. In addition, it said the amount owed to Teichmann South Africa for a loan facility connected with Kareevlei has risen to over ZAR74 million, around GBP3.5 million. "Discussions continue with TSA regarding its ongoing support to Kareevlei, however, no commitment has been received and it is unlikely that the company will be able to reduce the amount drawn under the facility to comply with the terms of the agreement," BlueRock added. In addition, it said production at its Kareevlei mine in South Africa was "below target" as the asset was closed over Christmas and New Year. "Arrangements were made for a diamond tender in December in order to facilitate the cash flow for the month. The previously reported decrease in diamond prices continued, however, December revenue was not significantly lower than management forecast," BlueRock added.
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First Class Metals PLC - metals exploration company seeking large-scale metal discoveries in Canada - Receives first assay results from 2022 field campaign at Enable project, with findings including "new gold showing". Enable is based west of Marathon, Ontario. "2022 fieldwork by FCM has significantly enhanced the future potential of the property specifically with the identification of a new 'showing'. Further work, it is hoped, will expand the area of quartz veining. FCM is sufficiently encouraged by the work to date to start the drafting of an exploration permit application," Chief Executive Officer Marc Sale comments.
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BWA Group PLC - minerals explorations firm with licences in Cameroon and Canada - Says continuing to consider "alternative sources of capital", including loan notes issue and asset disposals. Also considers seeking "additional capital at a subsidiary level". "The board is cognisant of the current difficulties in raising funds on public equity markets and is taking appropriate professional advice and as a result, the company continues to be supported by its directors, associates and shareholders through short-term loans," BWA adds. In addition, company says it still has two additional contiguous heavy mineral sands licences for rutile it has applied for.
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Serabi Gold PLC - Brazil-focused gold miner - Reports fourth quarter gold production of 7,798 ounces, taking its total annual production to 31,819 ounces. This exceeds its production guidance for 2022 of 30,000 ounces. Chief Executive Mike Hodgson says: "The fourth quarter has been somewhat transitional as we have been moving some mining crews and fleet from the Sao Chico orebody over to Coringa. To date, the Coringa deposit has been in a development phase and as we begin 2023 will we see the first production from stopping, and this will result in an increase in the level of Coringa ore being delivered to the Palito plant. It was therefore particularly pleasing to maintain steady mine output from Palito Operations, even with reduced levels of manpower and equipment."
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Atalaya Mining PLC - copper producer with assets in Spain - Says copper output at Proyecto Riotinto in Spain rises to 13,969 tonnes in fourth quarter, from 13,872 a year earlier. Full-year output falls to 52,269 tonnes, from 56,097 in 2021. For 2023, guides for output between 53,000 and 55,000 tonnes. "The company expects that the strong operating performance shown in recent quarters will continue into 2023, with the plant at Riotinto maintaining throughput above nameplate capacity and copper grades improving from 2022 levels," Atalaya adds.
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Hydrogen Future Industries PLC - investment company focused on hydrogen sector - Invests in Tower Green Holdings Ltd, a developer of hydrogen production and distribution facilities building a hub in southwest England. HFI invests GBP100,000, taking a 20% stake in Tower Green. Says GBP50,000 settled in cash and GBP50,000 in 500,000 HFI shares at a price of 10 pence each.
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By Eric Cunha, Alliance News news editor
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