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Pin to quick picksChaarat Gold Share News (CGH)

Share Price Information for Chaarat Gold (CGH)

London Stock Exchange
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Share Price: 3.85
Bid: 3.80
Ask: 3.90
Change: 1.10 (39.29%)
Spread: 0.10 (2.632%)
Open: 2.80
High: 3.90
Low: 3.90
Prev. Close: 2.80
CGH Live PriceLast checked at -

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AIM WINNERS & LOSERS: Warpaint soars on higher full-year expectations

Thu, 08th Sep 2022 11:13

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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AIM - WINNERS

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Warpaint London PLC, up 16% at 128.61 pence, 12-month range 101.11p-240.00 pence. Sees "strong" trading in the first half of 2022, with this momentum continuing into the second half of the year. Based on this, now expects its 2022 results to be ahead of market expectations. Group sales for 2022 are now expected to be at least GBP61 million and pretax profit is expected in excess of GBP9 million. In 2021, Warpaint recorded GBP50.0 million of revenue and it swung to a pretax profit of GBP3.7 million.

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AssetCo PLC, up 16% at 72.20 pence, 12-month range 57.13p-180.00p. Confirms it is in talks to sell some or all of its stake in Parmenion Capital Partners which was once a unit of abrdn. AssetCo holds about a 30% stake in Parmenion. Sky News on Wednesday said Parmenion shareholders are mulling selling a "significant" stake in a deal which values the investment manager at up to GBP400 million, roughly four times what abrdn sold it for.

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Chaarat Gold Holdings Ltd, up 8.6% at 10.30 pence, 12-month range 0.088p-10.45p. In the six months ended June 30, swings to a pretax loss of USD1.5 million from a profit USD3.5 million the previous year. Cites inflation and an adverse Armenian dram against the US dollar exchange rate for the swing. Revenue, however, climbs to UD50.4 million from USD48.1 million on stronger commodity prices and a higher volumes of own ore sales. Says it remains on track to deliver on its full-year guidance of between 56,000 and 62,000 ounces of ore. Adds that discussions with potential project finance providers for Tulkubash are ongoing. Separately, the company waives the requirement of a mandatory offer from Labro Investments upon the acquisition of 7.5 million shares.

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AIM - LOSERS

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Mpac Group PLC, down 8.7% at 230.60 pence, 12-month range 210.00p-658.00p. In the six months ended June 30, reports a fall in pretax profit but a rise in revenue as it manages short-term operational challenges. Pretax profit drops to GBP1.1 million from GBP2.8 million the previous year, while revenue climbs to GBP50.6 million from GBP44.2 million. Notes lower margins due to cost inflationary pressures and ongoing global supply chain disruption. Nonetheless, company says it is on track to meet its revised market expectations for the full-year.

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Curtis Banks Group PLC, down 5.5% at 247.00 pence, 12-month range 229.66p-310.00p. Swings to an interim loss due to a goodwill charge for its subsidiary Dunstan Thomas Group, while interim revenue remains broadly flat. For the six months that ended on June 30, the Bristol-based self-invested personal pension provider swings to a pretax loss of GBP5.3 million from a profit of GBP5.1 million a year earlier. The firm says the figure was hurt by a GBP9.8 million goodwill impairment charge relating to Dunstan Thomas deal. Roughly maintains its overall revenue of GBP32.2 million during the period, compared to GBP32.3 million a year ago. Declares an interim dividend of 2.5 pence per share, unchanged from a year prior.

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By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
17 May 2024 16:07

Chaarat Gold advances talks on funding for Tulkubash gold mine

(Alliance News) - Chaarat Gold Holdings Ltd on Friday said it had made progress towards securing funding to deliver first production at the Tulkubash gold mine in Kyrgyzstan.

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9 Apr 2024 14:30

IN BRIEF: Chaarat Gold annual loss widens as finance costs balloon

Chaarat Gold Holdings Ltd - gold miner, which has an operating mine in Armenia and assets in Kyrgyzstan - Says pretax loss widens 27% to USD13.1 million in 2023 from USD10.3 million in 2022. This is due to finance costs, which balloon to USD7.9 million from USD3.6 million. Administrative costs meanwhile decrease 26% to USD5.2 million from USD7.0 million. Looking ahead, says it will continue to review its existing balance sheet structure with a view to further reducing interest cost and improving the structure of the balance sheet. Executive Chair Martin Andersson says: "Chaarat is now at a crucial stage of its development as we look to unlock the significant value of Tulkubash, and, in the longer-term, Kyzyltash. We are a mining company with a global resource inventory of 6.4 million ounces of gold however with a market capitalisation that, in the board's view, does not yet reflect this and which serves to highlight the significant upside potential for investors once we secure funding to enable us to eventually move into our first phase of production at Tulkubash."

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27 Mar 2024 18:20

IN BRIEF: Chaarat Gold continues discussions for Tulkubash project

Chaarat Gold Holdings Ltd - gold miner, which has an operating mine in Armenia and assets in Kyrgyzstan - Says financing discussions regarding its Tulkubash gold project in the Kyrgyz Republic continue with various parties, including Xiwang International Co Ltd.

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18 Jan 2024 19:42

TRADING UPDATES: Coro Energy strikes finance deal in Vietnam

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

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5 Dec 2023 11:36

Chaarat Gold raises GBP1.8 million via placing and debt conversion

(Alliance News) - Chaarat Gold Holdings Ltd on Tuesday said it raised GBP1.8 million via a placing of new shares and a part conversion of its working capital facility with its largest shareholder.

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1 Dec 2023 11:33

Chaarat Gold shares rise on new deal with Kyrgyz government

(Alliance News) - Chaarat Gold Holdings Ltd on Friday said it had signed a memorandum of understanding with the Kyrgyz Republic's government, regarding the Tulkubash and Kyzyltash projects.

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23 Nov 2023 14:20

Chaarat Gold hails prospectivity of Karator as 2023 drilling ends

(Alliance News) - Chaarat Gold Holdings Ltd on Thursday touted the prospectivity of the Karator oxide gold prospect, after completing a drilling programme for the year.

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1 Nov 2023 14:19

IN BRIEF: Chaarat Gold inks new contract for Tulkubash project

Chaarat Gold Holdings Ltd - Gold miner, which has an operating mine in Armenia and assets in Kyrgyzstan - Says that its wholly-owned subsidiary, Chaarat Zaav CJSC, has entered into binding conditional agreements for the construction and operation of its wholly-owned Tulkubash gold project in the Kyrgyz Republic. The contract, which was signed with Power Construction Corporation of China Ltd, include: a USD82.8 million engineering, procurement, and construction ceiling price contract; a USD160.1 million for a five-year mining contract; and a USD7.2 million for a five-year operation and maintenance contract. Revised capital costs are now expected to be USD104.2 million, which is USD11.2 million lower than originally thought in the company's bankable feasibility study.

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30 Oct 2023 15:56

TRADING UPDATES: Bezant optimistic after Hope & Gorob estimate

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

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12 Oct 2023 11:39

IN BRIEF: Chaarat Gold enters new USD5 million facility with Labro

Chaarat Gold Holdings Ltd - gold miner, which has an operating mine in Armenia and assets in Kyrgyzstan - Enters into new USD5 million secured working capital facility arrangement with its largest shareholder, Labro Investments Ltd. The facility has a 12% per year interest and must be repaid by July 31 next year. Chaarat Gold will use the proceeds to repay its existing working capital facilities in full, and provide it with enough operational funding through to the third quarter of 2024. Chaarat will issue 4.0 million new shares at 5 pence per share to Labro. Chaarat Chief Financial Officer David Mackenzie says the facility will help the company "to continue to work constructively with the holders of its convertible loan notes and towards the completion of a fully-financed first phase development of Tulkubash". Tulkubash is Chaarat's open pit heap leach project in Kyrgyzstan.

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9 Oct 2023 10:15

Chaarat Gold CEO steps down

(Sharecast News) - Exploration and development company Chaarat Gold revealed on Monday that chief executive Mike Fraser would be stepping down as a director of the company.

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9 Oct 2023 09:18

Chaarat Gold CEO resigns amid plans for "simplified" leadership

(Alliance News) - Chaarat Gold Holdings Ltd on Monday announced the resignation of Chief Executive Officer Mike Fraser, with immediate effect.

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29 Sep 2023 17:13

TRADING UPDATES: National World buys two companies for GBP11 million

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

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7 Sep 2023 14:33

Chaarat Gold laments strong Armenian dram as interim loss widens

(Alliance News) - Chaarat Gold Holdings Ltd on Thursday reported a significantly worsened loss in the first half of 2023, as revenue dropped.

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31 Aug 2023 15:51

UK shareholder meetings calendar - next 7 days

Friday 1 September 
Totally PLCAGM
Triple Point Income VCT PLCGM re voluntary liquidation
Monday 4 September 
Concurrent Technologies PLCGM re acquisition of Phillips Machine & Welding Co Inc
Tuesday 5 September 
Brickability Group PLCAGM
DS Smith PLCAGM
Iomart Group PLCAGM
Lookers PLCGM and court meeting re takeover by Global Auto
MGC Pharmaceuticals LtdGM re approval to issue SPP and shortfall options
Renold PLCAGM
Wednesday 6 September 
Alpha Financial Markets Consulting PLCAGM
Ashtead Group PLCAGM
Halfords Group PLCAGM
Mears Group PLCGM re cancellation of the share premium account
Omega Diagnostics Group PLCAGM
Severfield PLCAGM
Solid State PLCAGM
Taylor Maritime Investments LtdAGM
Yellow Cake PLCAGM
Thursday 7 September 
Chariot LtdAGM
Chaarat Gold Holdings LtdGM re sale of Chaarat Kapan
Currys PLCAGM
De La Rue PLCAGM
ECO Animal Health Group PLCAGM
Jet2 PLCAGM
LXI REIT PLCAGM
Mulberry Group PLCAGM
Powerhouse Energy Group PLCAGM
Semper Fortis Esports PLCAGM
Sivota PLCGM re directors' remuneration policy
Speedy Hire PLCAGM
Wise PLCAGM
XPS Pensions Group PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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