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Pin to quick picksCastings Share News (CGS)

Share Price Information for Castings (CGS)

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Share Price: 382.00
Bid: 370.00
Ask: 382.00
Change: 9.00 (2.41%)
Spread: 12.00 (3.243%)
Open: 378.00
High: 382.00
Low: 378.00
Prev. Close: 373.00
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UK TRADING UPDATE SUMMARY: Topps Tiles Sales Up As Lockdowns Ease

Thu, 13th Aug 2020 14:29

(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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Topps Tiles PLC - Leicester-based tile retailer - Average weekly sales in six weeks to August 8 up 13% annually to GBP4.4 million from GBP3.9 million. Improved from GBP3.3 million average in June, GBP1.3 million in May and GBP800,000 in April. Has stopped using furlough scheme and all stores open now.

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Portmeirion Group PLC - homewares manufacturer and distributor in Stoke-on-Trent - Acquires remaining 50% stake in Portmeirion Canada Inc from Royal Selangor Inc for CAD1.0 million, about GBP600,000.

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Myanmar Strategic Holdings Ltd - developer and operator of consumer businesses in Myanmar - Exchanges contracts with Civetta Capital Ltd to purchase 897,500 shares in Myanmar Investments International Ltd at USD0.68 each, USD610,305 in total. Consideration for minority stake will consist of USD457,725 cash payment and USD152,580 worth of Myanmar Strategic shares.

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Eckoh PLC - Hertfordshire-based payments technology firm - Secures six-year contract renewal from Capita PLC worth GBP4 million for provision of services for Transport for London's congestion charge.

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Smartspace Software PLC - office space management software and hospitality and ticketing platform - Completes sale of enterprise software business to Four Winds Interactive UK Ltd, receiving GBP4.6 million.

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Croma Security Solutions Group PLC - Hampshire-based security services provider - Reinstates 0.75 pence per share interim dividend as Covid-19 hurt was "light". Won contract with Savills PLC to manage security at Edinburgh St James centre, a development scheme in heart of the Scottish city.

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Castings PLC - west Midlands-based iron caster - Sees "steady" increase in demand in key truck sector to around 60% of pre-Covid-19 output levels. Sees demand returning to 85% soon and majority of workforce returned from furlough.

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Directa Plus PLC - London-based producer and supplier of graphene nanoplatelets based products - Reports its graphene enhanced face mask, Co-mask, has been confirmed to have "strong" anti-viral capabilities.

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Immunodiagnostic Systems Holdings PLC - Tyne & Wear-based diagnostic testing kits and instruments maker - SARS-CoV-2 IgM test kit receives regulatory CE mark and is now expected to be available for sale in UK, Europe and other countries which accept CE mark.

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Yourgene Health PLC - Manchester-based molecular diagnostics group - Has its prenatal test IONA Nx NIPT workflow approved by Australia's Therapeutics Goods Association as a medical device Class 3. Means Australian distributor Southern Cross Diagnostics can begin sales.

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Litigation Capital Management - specialist asset manager and provider of disputes financing - Establishes disputes finance facility with "leading global law firm" DLA Piper.

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Deltic Energy PLC - London-based oil & gas exploration investor - Notes Royal Dutch Shell PLC, operator of Licence P2252 in North Sea, has delivered and processed seismic data from Pensacola Zechstein Reef prospect. Deltic and Shell to now work on interpreting data in view of well commitment becoming firm on December 1.

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Metal Tiger PLC - natural resources investor - Signs commitment to invest AUD500,000, about GBP273.678, in Pan Asia Metals Ltd's initial public offering in Sydney. Metal Tiger's interest in Pan Asia to increase to 7.5% from 7.3%.

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Armadale Capital PLC - Africa-focused natural resources investor - Begins testing of natural flake graphite from its Mahenge graphite project for battery applications. Testing being done alongside Australia's Commonwealth Scientific & Industrial Research Organisation.

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Caledonia Mining Corp PLC - Jersey-based gold producer - Second quarter revenue rises 39% annually to USD22.9 million from USD16.5 million. Gold produced during quarter to June 30 rose 6.2% to 13,499 ounces from 12,712 ounces.

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Condor Gold PLC - Nicaragua-focused gold explorer - Making "significant progress" in meeting terms of environmental permit for La India open pit development. Has now acquired 85% of land in La India site infrastructure.

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Beowulf Mining PLC - Nordic-focused mineral exploration and development company - Secures loan financing from Sweden of SEK12 million, about GBP1.0 million. Funds to be used to restart exploration work in Kosovo.

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Bahamas Petroleum Co PLC - Caribbean and Atlantic margin focused oil and gas company - Expects 2P reserves of one million barrels, targets 10 million barrels by end of 2021, 50 million barrels by end of 2025. Producing assets in Trinidad & Tobago currently have output between 400 and 450 barrels of oil per day, targets 2,500 barrels by end of 2021.

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KEFI Minerals - gold and copper explorer with projects in Ethiopia and Saudi Arabia - Forecasts Tulu Kapi gold production at 140,000 ounces annually at all-in sustaining costs of USD800 to USD900 per ounce over initial seven years of mining. Notes potential for underground mine, adding 50,000 ounces in annual output.

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SolGold PLC - Australian gold miner - Drilling underway at La Hueca gold and copper project in Ecuador. Regional exploration programme fully-funded to 2022.

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Cobra Resources PLC - owner of Wudinna gold project, Australia - Raises GBP1.5 million in placing of zero coupon convertible loan notes, with warrants attached, exercisable at 2.3 pence each. Funds to be used to progress drilling at Wudinna.

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Xtract Resources PLC - miner based in London - Initial planning for drilling at Bushranger copper-gold exploration project in Australia under way. Plans to drill nine holes. All shareholders of ProspectOre Ltd agree to exchange their shares for Xtract shares. Takeover still needs Australian regulatory consent.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Sector movers: Weir leads industrial engineers higher

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Buoyant car industry boosts Castings

Strong demand from UK and international car makers is keeping business buoyant at British engineering group Castings. Castings, which supplies 80% of its cast iron products to multi-national car and commercial vehicle manufacturers, said it was still experiencing improved demand from customers and

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15 Feb 2013 10:13

Impossible to make forecasts for next year, Castings says

Castings, the FTSE All-Share-listed company which manufactures iron castings, has provided an update on its performance for the period from October 1st to January 31st, predicting its results will be 'marginally below current market expectations'. In the interim management statement Brian Cooke, Ch

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20 Jun 2012 09:31

Record profits for Castings but Euroland worries continue

Castings, which as the name suggests, makes iron castings, has announced record profits for the year ending March 31st while sounding a note of caution on export orders. By most measures Castings has done well, as turnover increased from £105.4m to a record £126.3m, of which 66% came from exports.

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16 Apr 2012 15:29

Brady Finance Director bins shares

Tony Ratcliffe, Finance Director of Brady, a software provider to the commodities sector, has disposed of 416,565 shares in the company. Brady, who joined the company in 2007, sold the shares at 87p each for a total of £362,412. The sale was made just four days after the company scored a new cont

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24 Nov 2011 11:39

Castings setting profits in stone

Castings, the West Midlands based cast maker, says despite economic uncertainty trading conditions have remained good through the last six months. Sales for the six months to 30 September were £64.0m compared to £44.6m for the equivalent period of 2010, a rise of 43%. The adjusted profit before t

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16 Aug 2011 12:27

Small Caps Round-up: Castings, Natasa, London & Stamford

Foundry group Castings has announced that the first three months of trading have been "very encouraging" and ahead of expectations. The company said: "We have no indication from our major customers of reductions in demand, however it is still too early to know how the current economic problems wil

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26 Jan 2011 17:24

Ashley House directors build stakes

Directors bought stakes in Ashley House following the care home builder's interim results yesterday. Six directors took stakes in the company, with the biggest coming from chairman William Wells, deputy chairman Stephen Minion, chief executive Jonathan Holmes and finance director Antony Waters. The

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23 Jun 2010 10:43

Small caps round-up: Mavinwood, Imaginatik, Castings...

Shares in Mavinwood dropped after the emergency repair group reported a wider full-year loss. The group's pre-tax loss increased to £7.8m in the year ending 31 December compared with a loss of £3.9m in the previous year as revenue dropped to £27m from £31.5m. Software firm Imaginatik posted wider p

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Castings FY10 Pretax Profit Jumps To £9.8M, Maintains Dividend

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Euromoney publisher sells

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Small caps round-up: Mattioli Woods, Avon Rubber, Castings...

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