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TRADING UPDATES: BATM reports Edgility progress, Rambler starts sale

Mon, 17th Apr 2023 19:43

(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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Schroder UK Public Private Trust PLC - investment trust geared to investing in a diversified global portfolio of private and public equity companies - Reports net asset value fell 41% to 28.52 pence at December 31 from 48.08p in the previous year. Explains performance was primarily driven by the fall in the share price of its largest holding, Oxford Nanopore and other legacy private investments including Rutherford, BenevolentAI and Atom Bank. Highlights progress in tilting portfolio towards venture, growth or life sciences, with new six new private investments made in 2022.

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Harland & Wolff Group Holdings PLC - infrastructure projects operator whose assets include a shipyard in Belfast - Shares findings of the large-scale hydrogen concept study by Atkins, in connection with its Islandmagee Gas Storage Facility that was initiated last year. Report states hydrogen can be stored in salt caverns and withdrawn to a hydrogen grid when required. Notes additional capital expenditure would be required to integrate hydrogen compression, dehydration, and cooling into the gas storage facility of around GBP168 million. Company believes the findings takes it one step further in future proofing the project.

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Bluebird Merchant Ventures Ltd - South Korea-focused gold development company - Needs to provide further detail as part of application for Mountain Temporary Use Permits at Kochang and Gubong mines. Notes a requirement to provide within 90 days measures to reduce the risk of environmental impact and to conduct a successful wider community consultation and gain of support beyond the immediate area. Suggests this brings local politics into play over which the company has no part. Believes it has more than adequately covered these aspects already. Separately, announces repayment of all outstanding loans meaning the company is debt free and has sufficient funding for the next 12 months based on its current plan.

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Thor Energy PLC - US and Australia-focused uranium and energy metals resource company - Announces results from the Ambient Noise Tomography survey at the Alford West Project, South Australia, by 30% owned EnviroCopper Ltd. Reports the ANT survey successfully delineates the weathered "trough" like structures that host oxide copper-gold mineralisation within the Alford Copper Belt. States the findings will be integrated with historical drilling data to generate a new drilling programme, targeting higher-grade oxide copper-gold mineralisation. Adds future drilling will be focused on areas with low-density contrast which have been shown to host oxidised copper mineralisation.

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BATM Advanced Communications Ltd - Hod Hasharon, Israel-based networking and medical technology company - Announces that the first enterprise deployment of its Edgility edge computing and virtual networking solution is ahead of schedule. Reports initial launch with Cemex has been a success and a global rollout is now targeted for completion this year thereby accelerating the group's revenue recognition under this contract. Reports excellent progress under contract with CityFibre with further orders expected. Moti Nagar, Chief Executive Officer of BATM said: "Revenue from Edgility in the first quarter of 2023 almost equalled that generated for the whole of 2022, and we remain on track for significant growth in our sales of Edgility this year."

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Zenith Energy Ltd - Calgary, Canada-based energy company with production, exploration and development assets in Africa and Europe - Reports all resolutions were passed at AGM held on April 14. In addition, confirms it is currently performing the necessary legal and technical work for the finalisation of a Production Sharing Contract for the Seme oilfield, offshore Benin.

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NB Distressed Debt Investment Fund Ltd - Guernsey-incorporated closed-ended fund invests in distressed, stressed and special situations investments - Announces USD8.15 million in further capital distributions for the Extended Life and GBP2.17 million for the New Global share classes. Explains the distributions result from the successful finalisation of the Buffalo Thunder notes restructuring which generated cash proceeds that are available for distribution.

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Rambler Metals & Mining PLC - Owner of Ming copper-gold mine in Baie Verte, Newfoundland and Labrador - Reports Rambler Metals and Mining Canada Ltd has started a sale and investment solicitation process for the Rambler Group to be conducted by Grant Thornton. The process will be conducted in the context of ongoing proceedings under the Companies' Creditors Arrangement Act. Interested parties should submit offers by May 19. Company stresses there can be no assurance with respect to the levels of recovery, if any, for unsecured creditors or shareholders.

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Angle PLC - Surrey, England-based medical diagnostics company - Announces the presentation of a poster at the American Association for Cancer Research annual meeting, in Orlando, Florida, between Friday last week and Wednesday this week. Explains the poster demonstrates the feasibility of combining immunofluorescent and HER2 fluorescence in-situ hybridization analysis with circulating tumour cells harvested using the Parsortix system. Additionally, points out the study demonstrated the successful isolation of CTCs from the blood of metastatic breast cancer patients using the Parsortix system. Notes the analytical sensitivity and specificity of Angle's portrait flex assay for HER2 protein expression detection were both greater than 90%.

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By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
18 Apr 2024 12:24

BATM wins three-year deal providing Edgility platform to Totalplay

(Alliance News) - BATM Advanced Communications Ltd on Thursday said it agreed a three-year deal to provide its Edgility edge virtualisation platform and accompanying hardware to Totalplay Telecomunicaciones SAPI de CV.

Read more
8 Apr 2024 14:16

BATM Advanced Communications inks contract with Cemex for Edgility

(Alliance News) - BATM Advanced Communications Ltd on Monday said that it has been awarded another contract from Cemex SAB for its Edgility edge computing and virtual networking solution.

Read more
26 Mar 2024 15:39

TRADING UPDATES: BATM Advanced ink USD2.3 million orders

(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
12 Mar 2024 12:11

IN BRIEF: BATM Advanced Communications annual profit hurt by cost rise

BATM Advanced Communications Ltd - Israel-based provider of technology for networking solutions and medical laboratory systems - Pretax profit is USD1.5 million in 2023, down 23% from USD1.9 million in 2022. Revenue rises 5.8% to USD122.8 million from USD116.1 million, but operating expenses increase by 9.8% to USD38.2 million from USD34.8 million. Looking ahead, BATM says it entered 2024 with positive momentum in its core activities. It plans to focus on these, and a build-up of its sales team to do so contributed to the higher operating expenses last year. It also will explore the sale of secondary businesses. Its Cyber division has a significant backlog to be delivered in the current year and beyond, BATM says.

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5 Mar 2024 16:06

UK earnings, trading statements calendar - next 7 days

Wednesday 6 March 
Breedon Group PLCFull Year Results
Capita PLCFull Year Results
ConvaTec Group PLCFull Year Results
DS Smith PLCTrading Statement
Galliford Try Holdings PLCHalf Year Results
Greencoat Renewables PLCFull Year Results
Ibstock PLCFull Year Results
Lancashire Holdings LtdFull Year Results
Legal & General Group PLCFull Year Results
Netcall PLCHalf Year Results
Nexxen International LtdFull Year Results
Nichols PLCFull Year Results
Quilter PLCFull Year Results
Rathbones Group PLCFull Year Results
Ricardo PLCFull Year Results
Spirent Communications PLCFull Year Results
TClarke PLCFull Year Results
Tullow Oil PLCFull Year Results
CLS Holdings PLCFull Year Results
Thursday 7 March 
Admiral Group PLCFull Year Results
Aviva PLCFull Year Results
Beazley PLCFull Year Results
Brooks Macdonald Group PLCHalf Year Results
Coats Group PLCFull Year Results
Darktrace PLCHalf Year Results
Elementis PLCFull Year Results
Entain PLCFull Year Results
Funding Circle Holdings PLCFull Year Results
Harbour Energy PLCFull Year Results
ITV PLCFull Year Results
Kier Group PLCFull Year Results
Melrose Industries PLCFull Year Results
Nexus Infrastructure PLCFull Year Results
PageGroup PLCFull Year Results
Physiomics PLCHalf Year Results
Rentokil Initial PLCFull Year Results
Robert Walters PLCFull Year Results
Spirax-Sarco Engineering PLCFull Year Results
TT Electronics PLCFull Year Results
Tyman PLCFull Year Results
Friday 8 March 
Informa PLCFull Year Results
Just Group PLCFull Year Results
LMS Capital PLCFull Year Results
Stelrad Group PLCFull Year Results
Monday 11 March 
HgCapital Trust PLCFull Year Results
Mincon Group PLCFull Year Results
MTI Wireless Edge LtdFull Year Results
Tuesday 12 March 
BATM Advanced Communications LtdFull Year Results
Costain Group PLCFull Year Results
Domino's Pizza Group PLCFull Year Results
Fonix Mobile PLCHalf Year Results
Foresight Solar Fund LtdFull Year Results
Genuit PLCFull Year Results
H&T Group PLCFull Year Results
Hill & Smith PLCFull Year Results
MaxCyte IncFull Year Results
Persimmon PLCFull Year Results
Synthomer PLCFull Year Results
Target Healthcare REIT PLCHalf Year Results
TI Fluid Systems PLCFull Year Results
TP ICAP Group PLCFull Year Results
  
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.

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30 Oct 2023 10:47

BATM Advanced Communications wins USD3 million cyber security order

(Alliance News) - BATM Advanced Communications Ltd on Monday said it has won a new cyber security order, worth USD3 million.

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30 Oct 2023 07:44

LONDON BRIEFING: Pearson upgrades annual guidance; HSBC profit misses

(Alliance News) - Stocks in London are expected to start the week on a more optimistic note, as investors look ahead to central bank decisions and weigh up the potential risk from developments in the Middle East.

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23 Oct 2023 16:19

IN BRIEF: BATM makes additional investment in ADOR Diagnostics

BATM Advanced Communications Ltd - Hod Hasharon, Israel-based provider of real-time technologies for networking solutions and medical laboratory systems - Announces that ADOR Diagnostics Ltd, an associate company of the group, has secured an investment of USD7.5 million, of which BATM is contributing USD3.5 million. Explains half of the investment is being made on the signing of the investment agreement and the remainder will be paid on the completion of milestones over the next six months. Notes following this investment, BATM's shareholding in ADOR will increase to 43.6%. Moti Nagar, chief executive says: "We are very excited about the groundbreaking potential of ADOR, which has a technology that is set to truly disrupt the molecular diagnostics market - and is backed by a strong and growing international patent portfolio."

Read more
16 Oct 2023 11:59

BATM lands new deal to deploy platform to US emergency services

(Alliance News) - BATM Advanced Communications Ltd on Monday said it secured an expanded, five-year order from NGA 911 LLC for its Edgility computing platform.

Read more
9 Oct 2023 10:23

IN BRIEF: BATM does not expect to be affected by Israel conflict

BATM Advanced Communications Ltd - Hod Hasharon, Israel-based provider of real-time technologies for networking solutions and medical laboratory systems - Confirms it does not expect the recent developments in Israel to have a material impact on trading. On Sunday, Prime Minister Benjamin Netanyahu warned Israel to prepare for a "long and difficult" conflict, a day after Palestinian militant group Hamas launched a surprise assault from Gaza. At least 700 Israelis have been killed since Hamas launched its large-scale attack, according to the Israel Defence Forces on Monday.

Read more
9 Oct 2023 09:19

SMALL-CAP WINNERS & LOSERS: Metro Bank shares jump on finance deal

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

Read more
6 Sep 2023 12:11

BATM Advanced Communications celebrates contract win of USD3.4 million

(Alliance News) - BATM Advanced Communications Ltd on Wednesday said that it has received a new cyber security contract, valued at USD3.4 million.

Read more
29 Aug 2023 11:09

IN BRIEF: BATM Advanced Communications profit up as focuses efforts

BATM Advanced Communications Ltd - Israel-based networking technology and medical lab systems - Pretax profit rises 19% to USD726,000 in first half of 2023 from USD611,000 a year before. Revenue rises by just 4.7% to USD60.2 million from USD57.5 million, but BATM swings to net finance income from expense. On an adjusted basis, pretax profit doubles to USD2.3 million from USD1.0 million. Says strategic review conducted during the recent half-year established the Networking, Cyber and Diagnostic lines of business as BATM's core activities, with divestment of the Distribution and Eco-Med businesses possible. Looking ahead, BATM said it expects to report growth for all of 2023 in line with market expectations. Says it enters the second half of the year in a better position in terms of revenue momentum and backlog than a year before, with all business units expected to see revenue increases in the second half.

Read more
6 Jul 2023 15:46

UK shareholder meetings calendar - next 7 days

Friday 7 July 
Griffin Mining LtdAGM
GRIT Investment Trust PLCAGM
Liontrust Asset Management PLCGM re takeover by GAM Holding AG and share cancellation
Nanoco Group PLCGM re cancellation of Share Premium Account
Monday 10 July 
Altona Rare Earths PLCGM re admission to LSE
Financials Acquisition CorpGM re extension of business combination deadline
More Acquisitions PLCAGM
N Brown Group PLCAGM
National Grid PLCAGM
Sirius Real Estate LtdAGM
TruFin PLCGM re open offer shares
Tuesday 11 July 
Active Energy Group PLCAGM
British Land Co PLCAGM
Octopus Apollo VCT PLCAGM
Windar Photonics PLCAGM
Wednesday 12 July 
Bytes Technology Group PLCAGM
Burberry Group PLCAGM
Capital Metals PLCGM re change of registered office
LondonMetric Property PLCAGM
Safestore Holdings PLCAGM
Steppe Cement LtdAGM
Wincanton PLCAGM
Thursday 13 July 
Aminex PLCAGM
BATM Advanced Communications LtdAGM
BT Group PLCAGM
C&C Group PLCAGM
CT Automotive Group PLCAGM
DCC PLCAGM
Donegal Investment Group PLCAGM
Dr Martens PLCAGM
Helical PLCAGM
Personal Assets Trust PLCAGM
Renewi PLCAGM
RS Group PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
5 Jun 2023 09:53

IN BRIEF: BATM Advanced wins new contract for edge computing platform

BATM Advanced Communications Ltd - Hod Hasharon, Israel-based networking and medical technology company - Says "a leading provider of emergency connectivity services in North America" has awarded it a five-year contract for its Edgility edge computing platform. This is the first time Edgility will be used to support critical public infrastructure. Customer will use the platform to deliver the call-handling system for 911 Emergency Services and the 988 National Suicide Prevention & Mental Health Crisis Lifeline across a major US State. BATM says using Edgility will facilitate enhanced responsiveness and faster call resolution times, and reduce the need for additional hardware.

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