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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: 3.80
Bid: 3.70
Ask: 3.90
Change: -0.05 (-1.30%)
Spread: 0.20 (5.405%)
Open: 3.76
High: 3.85
Low: 3.76
Prev. Close: 3.85
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.

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