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Pin to quick picksBlencowe Resou. Share News (BRES)

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UK TRADING UPDATE SUMMARY: Record In Talks For Bumper Hedging Deal

Mon, 21st Sep 2020 19:29

(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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Record PLC - Berkshire, England-based specialist currency manager - Selected for "dynamic hedging mandate" worth USD8 billion. "Assuming contract negotiations conclude successfully, this mandate will build up over time and will be revenue-generating by the end of this calendar year," Record adds.

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Supply@ME Capital PLC - fintech platform which provides inventory monetisation - Enters into strategic pact with "leading European alternative investment firm" and shareholders 1AF2 Srl and The AvantGarde Group SpA to acquire a bank in Europe. Supply@ME to give bank rights to invest in securitisation note issue and in exchange, provide EUR8 billion of funding over five years. Supply@ME will not be shareholder in bank and will bear no costs related to transaction.

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STM Group PLC - London-based cross-border financial services provider - Updates on Adams versus Carey judgement. Says UK Court of Appeal has, as expected, granted Adams right to appeal in legal dispute against STM's Options UK Personal Pensions. Court is expected to consider the case in early 2021.

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Nakama Group PLC - recruitment consultancy firm in UK and Asia - Revenue for year ended March 31 expected at GBP9.7 million, down 28% from GBP13.4 million. Nakama says business was hurt by Covid-19.

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Kin & Carta PLC - business consultancy firm - Says revenue and profit for year ended July 31, ahead of internal expectations. Says partnerships with Alphabet Inc's Google and Microsoft Corp continuing to expand.

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Knights Group Holdings PLC - legal and professional services firm - Reports "encouraging recovery" from Covid-19 pain. New business currently operating at 10% of pre-virus crisis levels.

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Driver Group PLC - Lancashire-based professional services consultancy - Reports partnership with Johannesburg-based dispute resolution consultancy EVRA Consulting Ltd.

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Picton Property Income Ltd- property investor - Leases whole Swiftbox, Rugby distribution unit to UPS, generating GBP600,000 in annual income. Agrees to sell Bridge Street, Peterborough retail asset for GBP4.0 million. Stanford Building, Long Acre refurbishment "nearing completion".

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Town Centre Securities PLC - property investor and car park operator - Sells four retail properties in Scotland and London for GBP35.2 million in total. "The units sold comprise of two Waitrose stores in Milngavie and Glasgow; an Aldi/Home Bargains store in Milngavie; and a high street retail store in Chiswick, London," Town Centre said. Proceeds to be initially used to reduce debt.

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Urban Logistics REIT PLC - logistics-focused real estate investment trust - Plans GBP100 million placing and GBP30 million retail open offer and institutional offer. "The company intends to use the net proceeds of the Issue to acquire an identified pipeline of high-quality logistics properties," Urban said.

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CATCo Reinsurance Opportunities Fund Ltd - Investor focused on offering returns from investments linked to catastrophe reinsurance risks - Advised of release of side pocket investment worth USD68.9 million which company is due to receive during September. Will go towards USD94.6 million compulsory redemption.

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Tekcapital PLC - UK intellectual property investment company - Portfolio firm Guident files additional US patent for remote monitoring and control of autonomous vehicles and delivery drones and robots. "Guident has developed and acquired a portfolio of seven patents and applications, together which enables advanced teleoperation for AV's and drones to enhance customer safety and security whilst providing a reliable, low latency connection to any advanced mobile network solution," Tekcapital said.

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RTW Venture Fund Ltd - life sciences-focused investment firm - Portfolio company Athira Pharma Inc prices USD204 million initial public offering. "Athira's IPO was significantly upsized and oversubscribed, raising USD204.0 million, offering 12 million shares at USD17.00 per share," RTW said.

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Cambria Africa PLC - Zimbabwe-focused investment company - Says subsidiaries operating near or ahead of break-even levels.

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Trident Royalties PLC - London-based mining royalty firm - Lands agreement with Fe Ltd for early payment second tranche of Koolyanobbing royalty acquisition, in exchange for a AUD350,000 discount. Trident will pay just under AUD2.7 million instead of AUD3.0 million.

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Nostra Terra Oil & Gas Co PLC - oil & gas firm with assets in US and Egypt - Reports farm-in deal at Permian Basin, Texas. Nostra to pay USD25,000 fee at closing of deal and USD100,000 towards initial re-entry of first well. Nostra to earn 50% of net cashflow in whole life of well.

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UK Oil & Gas PLC - London-based oil & gas firm - Says study finds "significant gas resource" at Loxley Portland gas discovery.

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Arc Minerals Ltd - exploring for copper and cobalt in Africa - Says maiden diamond drilling programme at Fwiji target in north western Zambia has found oxide and sulphide mineralisation. "I am very encouraged by the developments at Fwiji," Executive Chair Nick von Schirnding said.

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Upland Resources Ltd - South-East Asia and North African-focused oil and gas firm - Says work programme at Saouaf, Tunisia, completed. Analysis of seismic data finds "a promising new sub-salt play".

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Pensana Rare Earths PLC - operator of rare earths project in Angola - Says responsibilities at Miyabi gold project in Tanzania to be assumed by Drillcraft Ltd. "The transaction will comprise the receipt of net cash proceeds by Pensana of approximately USD400,000 payable alongside a five-year, 2% royalty participation agreement over the existing mineral resource estimate of approximately 500,000 ounces of gold, with operations forecast to commence in mid-2021," Pensana said.

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Petroneft Resources PLC - Russia-focused oil and gas explorer - Secures USD1 million financing deal with Alexandrovskoye Oil Refinery to fund development of Licence 67, Russia.

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Blencowe Resources PLC - developing Orom-Cross jumbo flake graphite project in Uganda - Says core samples from diamond drilling programme at Orom-Cross graphite project sent for analysis at laboratory in Tanzania as Blencowe eyes maiden JORC resource estimate in fourth quarter.

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Kavango Resources PLC - London-headquartered metals exploration firm - Forms joint venture with Power Metal Resources PLC focused on mineral exploration projects in Botswana. Power Metal to pay Kavango GBP75,000 in cash and issue 6.0 million shares, as well as 5.0 million warrants.

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IXICO PLC - neuroscience data analytics firm - Selected by Global Alzheimer's Platform Foundation to support Bio-Hermes trial. "Bio-Hermes' core purpose is development of a bio-sample database to investigate biomarkers on a head-to-head basis in conjunction with medical history elements," IXICO said. "This contract does not have significant impact on management's expectations of performance for the year, but will contribute to the company's already strong year end order book."

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Yourgene Health PLC - molecular diagnostics firm - Appoints Immuno-Biological Laboratories Inc as distributor of polymerase chain reaction in US. "The appointment of IBL-America is an important pillar within our plans to penetrate the largest diagnostics market in the world with our full portfolio across the whole genomic testing lifecycle," Chief Executive Officer Lyn Rees said.

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Beximco Pharmaceuticals Ltd - Bangladesh-based medicine manufacturer - Secures US Food & Drug Administration approval for Flecainide Acetate medication used to treat irregular heartbeat disorders. Beximco says this is the eighth US FDA approval.

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Billington Holdings PLC - steel and engineering firm - Structural steel division awarded GBP21 million worth of contracts. Pacts scheduled for delivery in fourth quarter and throughout 2021.

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John Lewis Of Hungerford PLC - manufacturer and retailer of furniture - Expects pretax loss n year ended June 30 to widen to range of GBP850,000 to GBP900,000 from GBP229,000. Sales down 33% to GBP5.6 million from GBP8.3 million.

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Escape Hunt PLC - escape rooms operator - Says 10th site operating under Escape Hunt brand to open in Norwich this week. Adds 11th site, in Basingstoke, penned for October opening. "Escape Hunt is also pleased to announce that it has completed contracts for a twelfth site at the Brewery Quarter in Cheltenham," firm adds.

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Spinnaker Opportunities PLC - London-based cash shell - Restarted all project work streams in view of completing Kanabo Research Ltd acquisition.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
19 Jun 2023 13:56

IN BRIEF: Jangada Mines notes Blencowe's completion of test work

Jangada Mines PLC - London-based mining company focused on Brazil - Notes the announcement released by Blencowe Resources PLC in which it holds a 9.5% interest. Blencowe completes critical metallurgical test work on a "substantially increased scale of 150 kilograms by leading Chinese graphite metallurgical test laboratory at Wuhan University". Says results continue to highlight a high grade, low impurity concentrate. Says Blencowe now has "considerably more volume of end product concentrate to send to potential offtake and strategic parties ahead".

Read more
19 Jun 2023 13:35

IN BRIEF: Blencowe completes Orom-Cross metallurgical test work

Blencowe Resources - London-based mineral exploration and development company - Successfully completes metallurgical test work on its Orom-Cross graphite project in Northern Uganda on a substantially increased scale of 150 kilograms. Testing developed by Chinese graphite test laboratory at Wuhan University in partnership with Jilin New Technology. Says results indicate a high grade, low impurity concentrate. The company has more volume of end product concentrate to send to potential offtake and strategic parties ahead. Blencowe says that open cycle flotation test produced recoveries between 92% to 94% and a concentrate grades range between 95% and 98% for all graphite mesh sizes.

Read more
2 Jun 2023 11:02

Blencowe Resources loss widens as progresses Uganda graphite project

(Alliance News) - Blencowe Resources PLC on Friday said its half-year loss widened, as it focuses on completing a feasibility study and securing funding for its Orom-Cross graphite project in Uganda.

Read more
18 May 2023 14:29

IN BRIEF: Blencowe raises GBP635,000 for Orom-Cross study

Blencowe Resources PLC - London-based natural resources company focussed on the development of the Orom-Cross graphite project in Uganda - Raises GBP635,000 at 5 pence per share through issue of 12.7 million shares. Placing proceeds will be used to assist the Orom-Cross definitive feasibility study work started early this year, managed by leading firm CPE Engineering. The company will issue investors in the placing with one warrant per two placing shares, exercisable at 8 pence for a period of three years. Jangada Mines PLC, which owns roughly a 9.5% stake in Blencowe, noted the announcement.

Read more
27 Feb 2023 19:42

TRADING UPDATES: i-nexus to deliver growth; Craven House loss narrows

(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
8 Feb 2023 15:47

UK shareholder meetings calendar - next 7 days

Thursday 9 February 
Compass Group PLCAGM
easyJet PLCAGM
Ethernity Networks LtdEGM capital raise
Oxford Metrics PLCAGM
Polar Capital Global Healthcare Trust PLCAGM
Triple Point VCT 2011 PLCGM re cancellation and extinguishment of shares
Tritax EuroBox PLCAGM
Zytronic PLCAGM
Friday 10 February 
Red Rock Resources PLCAGM
Victrex PLCAGM
Monday 13 February 
Cellular Goods PLCAGM
Tuesday 14 February 
Tui AGAGM
Wednesday 15 February 
Barkby Group PLCAGM
Blencowe Resources PLCAGM
Circle Property PLCEGM re capital reduction and shares capitalisation
GCP Infrastructure Investments LtdAGM
Helium One Global LtdAGM
Petro Matad LtdAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
23 Jan 2023 11:55

Blencowe appoints CPC Engineering for study at Ugandan project

(Alliance News) - Blencowe Resources PLC on Monday said it has appointed engineering firm CPC Engineering to manage the definitive feasibility study at its Orom-Cross graphite project in Uganda.

Read more
16 Jan 2023 11:58

IN BRIEF: Blencowe notes final metallurgical test for graphite project

Blencowe Resources PLC - London-based miner focused on developing the Orom-Cross graphite project and Akelikongo nickel project in Uganda - Begins final metallurgical test procedure for Orom-Cross graphite project in Uganda. Sends samples to Wuhan University of Technology in China and to US graphite technical firm American Energy Technologies Co for spheronised purified graphite and expandables testing. The tests aim to confirm that Orom-Cross concentrate upgrades efficiently to an over 99.95% battery grade product.

Read more
11 Jan 2023 21:08

TRADING UPDATES: Blencowe gets ok for samples; Cornish hails results

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

Read more
6 Dec 2022 21:50

TRADING UPDATES: 7digital loan pact; Okyo Pharma files with SEC

(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
26 Oct 2022 14:39

TRADING UPDATES: Ecora expects to profit off softer commodity prices

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

Read more
5 Oct 2022 22:06

TRADING UPDATES: Blencowe Resources sees potential interest from China

(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
26 Sep 2022 21:46

TRADING UPDATES: Goldplat appoints chair; 3i portfolios make progress

(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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6 Sep 2022 20:31

TRADING UPDATES: Wishbone drilling impresses; Avation leases aircraft

(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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19 Jul 2022 14:46

IN BRIEF: Blencowe Resources ends Orom-Cross pre-feasibility study

Blencowe Resources PLC - London-based miner focused on developing the Orom-Cross graphite project and Akelikongo nickel project in Uganda - Completes pre-feasibility study on time and on budget. Says the study indicates a robust and "profitable" graphite mining operation at the Orom-Cross graphite project in Uganda. Estimates a net present value of USD482 million and a 14-year mine life that can be increased by additional drilling. Plans to move towards initial stage production at Orom-Cross by the second half of 2023.

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