Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBlencowe Resou. Share News (BRES)

Share Price Information for Blencowe Resou. (BRES)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 4.75
Bid: 4.50
Ask: 5.00
Change: 0.00 (0.00%)
Spread: 0.50 (11.111%)
Open: 4.75
High: 4.75
Low: 4.75
Prev. Close: 4.75
BRES Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK TRADING UPDATE SUMMARY: Caffyns To Reopen Showrooms As Curbs Ease

Wed, 27th May 2020 13:10

(Alliance News) - The following is a round-up of updates by London-listed companies on the impact of the Covid-19 pandemic, issued on Wednesday and not separately reported by Alliance News:

----------

Caffyns PLC - motor dealer - Has restarted aftersales operations and showrooms will reopen on June 1 after UK government eased lockdown measures. Made cost savings, furloughed 80% of employees in April and implemented annual salary ceiling of GBP37,5000 for all employees, including chair and executive directors.

----------

Walker Greenbank PLC - furnishings - Phased restart to manufacturing in UK factories which were previously closed due to Covid-19 lockdowns. Furloughed staff also returning.

----------

Avation PLC - aircraft leasing - Says formal sales process terminated as not likely to deliver result which reflects company's "long-term value". Adds Covid-19 has continued to disrupt business activities.

----------

Cambridge Cognition Holdings PLC - neuroscience technology - Won several new contracts with pharmaceutical clients to deliver virtual clinical trials. Notes that movement curbs as a result of Covid-19 has hurt patient recruitment for trials forcing some to turn to remote trialling. Cambridge Cognition says contracts worth GBP1 million.

----------

Nuformix PLC - pharmaceutical development - Says GBP1.3 million equity fundraise from last year and low operating costs make it "well-placed" to cope with Covid-19 hurt. Notes it may miss out of a GBP2.5 million payment from Chinese partner Newsummit Biopharma, which has fallen out with its own parent company. Teams with New York-listed VistaGen Therapeutics to develop crystalline versions of the latter's central nervous system medication candidates.

----------

Vectura Group PLC - inhaler maker - Backs expectations and financial guidance after making "positive start to trading in 2020". To execute second GBP10 million trance of GBP20 million buyback. Hails "strong balance sheet", with undrawn GBP50 million revolving credit facility leaving "resilient" in the face of Covid-19 risks.

----------

FireAngel Safety Technology Group PLC - fire safety products - Reports revenue for April was "some way" ahead of revised expectations and revenue May on track for the same. Expects "quick rebound" in demand as construction sector ups tools again following lockdown. Continues cost-cutting, including furloughing employees and extended executive director pay reduction for a further two months.

----------

Christie Group PLC - financial and stock & inventory services - Accepts UK Coronavirus business interruption loan scheme financing of GBP6 million. Says Executive Director Chris Day delays retirement and will now step down no later than September 30.

----------

Vitec Group PLC - photography and video products - Says customer demand still impacted by pandemic but recovering in China after initial hit. Says revenue for the first quarter was down 20% year-on-year with revenue in April alone down 60% annually but notes signs of improvement in May.

----------

ECSC Group PLC - cyber security services - Launches Nebula cyber security breach detection service. ECSC says Covid-19 has caused a reduction in consulting bookings, with some clients also delaying projects. Says no reduction in managed services recurring revenue.

----------

Centaur Media PLC - events and marketing - Reports "strong demand" in its online learning courses but notes sharp fall in revenue in telesales business. Still planning to run The Festival of Marketing, The Lawyer Awards and The Lawyer General Counsel Summit events in the second half of the year but notes these could be affected by social distancing requirements.

----------

Blencowe Resources PLC - mining - Mobilising drill teams to northern Uganda site as travel restrictions ease. Reviewed geophysical survey at the Orom-Cross graphite project and has a identified new "high-grade zone".

----------

Ironveld PLC - vanadium developer - Says USD3.2 million financing from Inclusive Investment Group delayed by lockdown restrictions in South Africa. IIG's subscription option for 440.2 million shares for 0.42 pence each expires on June 17 but Ironveld says it is in talks to extend deadline.

----------

Genel Energy PLC - oil producer - Says gross production at the Tawke licence in the Kurdistan region of Iraq is expected to average 100,000 barrels of oil per day in 2020. Says second quarter output down 13% quarter-on-quarter to 100,000 bopd from 115,210 bopd.

----------

Merian Chrysalis Investment Co Ltd - investment company - Net asset value per share at March 31 down 4.1% to 108.65p from 113.3p reported at the end of September. Says digitally-enabled companies have seen less of a trading hit due to Covid-19, and Merian notes fall in equity markets in period to March but "strong rebound" since.

----------

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
15 Apr 2024 10:17

Blencowe makes progress on Uganda project feasibility study work

(Alliance News) - Blencowe Resources PLC on Monday reported "significant progress" on its definitive feasibility study work for its project in Uganda.

Read more
10 Apr 2024 12:40

Blencowe receives third tranche of funding for graphite project

(Alliance News) - Blencowe Resources PLC announced on Wednesday the receipt of a third tranche of its grant from the US International Development Finance Corp, to fund work on the Orom-Cross graphite project in Uganda.

Read more
16 Feb 2024 15:15

UK shareholder meetings calendar - next 7 days

Monday 19 February 
Cloudbreak Discovery PLCGM
East Imperial PLCGM re capital reorganisation
Oxford Cannabinoid Technologies Holdings PLCGM re convertible loan note agreement with Cantheon
Residential Secure Income PLCAGM
Tuesday 20 February 
abrdn Equity Income Trust PLCAGM
Carr's Group PLCAGM
Dewhurst Group PLCAGM
Duke Royalty LtdEGM re changing name to Duke Capital
Wednesday 21 February 
Foresight Sustainable Forestry Co PLCAGM
Gooch & Housego PLCAGM
Tharisa PLCAGM
Thursday 22 February 
Bankers Investment Trust PLCAGM
Narf Industries PLCAGM
RWS Holdings PLCAGM
Sunrise Resources PLCAGM
Friday 23 February 
Blencowe Resources PLCAGM
Bluebird Merchant Ventures LtdAGM
Caledonian Trust PLCAGM
Chemring Group PLCAGM
Marble Point Loan Financing LtdEGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
6 Feb 2024 17:35

TRADING UPDATES: Power Metal firms Tati gold; Union Jack inks deal

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

Read more
31 Jan 2024 14:30

EARNINGS: BSF Enterprise "making great strides", Sylvania ups earnings

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

Read more
29 Jan 2024 11:57

Blencowe Resources receives letter of interest for debt funding

(Alliance News) - Blencowe Resources PLC on Monday said it received a formal letter of interest regarding a participation in debt funding by the US International Development Finance Corp.

Read more
25 Jan 2024 21:59

TRADING UPDATES: Karelian gets permit extension, Starwood ups dividend

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

Read more
2 Jan 2024 11:55

Blencowe Resources ships bulk graphite to China for testing

(Alliance News) - Blencowe Resources PLC on Tuesday said 600 tonnes of bulk sample graphite mined at its Orom-Cross project have been shipped to China for testing, and reported that it expects a grant funding from the US to complete soon.

Read more
11 Dec 2023 20:44

TRADING UPDATES: Ondine Biomedical raises GBP2.9 million via placing

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

Read more
30 Oct 2023 14:30

TRADING UPDATES: Helium One says Tai-3 rig temporarily shut down

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

Read more
10 Oct 2023 13:15

Blencowe Resources receives first USD1 million grant funding

(Alliance News) - Blencowe Resources PLC on Tuesday said it has received its first USD1 million mobilisation tranche payment from the Development Finance Corp.

Read more
22 Sep 2023 18:06

TRADING UPDATES: Blencowe hails USD5 million grant; Kodal progresses

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

Read more
22 Sep 2023 08:49

Blencowe shares soar on US government investment

(Sharecast News) - Shares in Blencowe Resources surged on Friday after the Uganda-focused graphite miner said it had received $5m in US government support for its Orom-Cross project.

Read more
4 Sep 2023 14:02

Blencowe says bulk sample confirms high quality graphite at Orom-Cross

(Alliance News) - Blencowe Resources PLC on Monday said China-based specialist laboratory, Jilin New Technology, has completed additional metallurgical test work on the Orom-Cross graphite project.

Read more
14 Aug 2023 11:13

IN BRIEF: Blencowe completes "critical" part of bulk sampling study

Blencowe Resources PLC - London-based graphite miner operating the Orom-Cross project in northern Uganda - Says it has successfully completed a "critical component" of the project's definitive feasibility study, with the successful scaled commercialisation of the flowsheet within the bulk sample processing at a pilot plant graphite production facility in China. Blencowe expects the bulk sample test programme to be completed by the end of the month. The 100 tonne pilot plant process is confirming the Orom-Cross ores' commercial processing viability and is currently nearing completion. Blencowe says sampling results continue to show that Orom-Cross can deliver in bulk a high-grade, low impurity concentrate. Says Chinese graphite offtake firms have expressed interest in "substantial quantities" of larger flake and fine concentrates from the project, and that several firms also have approached Blencowe regarding in-country downstream processing opportunities.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.