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TRADING UPDATES: Alliance Pharma to appeal; Braemar sales to rise

Thu, 03rd Feb 2022 22:31

(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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EnQuest PLC - oil and gas production company that operates in UK North Sea and Malaysia - Says average output in 2021 falls to 44,415 barrels of oil equivalent per day, from 59,116 in 2020. For 2022, it expects average output between 44,000 and 51,000 boepd.

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SEEEN PLC - London-based media optimisation platform - Expects 2021 revenue down at USD8.5 million from USD10.1 million in 2020 and adjusted loss before interest, tax, depreciation and amortisation narrows to USD1.5 million from USD2.1 million. Looking ahead, points to revenue and profitability generation potential as contracts are implemented in 2022.

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Braemar Shipping Services PLC - London-based shipbroker - Expects revenue of no less than GBP101 million for year to February 28, at least up 20% from GBP84 million a year earlier. "The strong trading seen in the first half of the financial year has continued throughout the second half to date," it says.

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Creo Medical Group PLC - medical device company focused on surgical endoscopy - During 2021 says it has continued to build momentum through sustained commercial progress. Expects revenue for 2021 to top expectations at "just over" GBP25 million from GBP9.4 million in 2020.

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Proteome Sciences PLC - drug development services provider - During 2021 says it continued to show strong growth in its services business with TMT revenue holding firm. Expects annual revenue to rise 7% to GBP5.1 million from GBP4.8 million in 2020 and trading profit in a range between GBP600,000 to GBP800,000, up from GBP500,000 year before.

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Agronomics Ltd - invests in cellular agriculture and cultivated meat - Net asset value per share as at 31 December 31 was 14.32 pence, up 10% from 12.99p on September 30. For six months to December 31, swings to net profit of GBP2.5 million from loss of GBP1.4 million.

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Solid State PLC - Redditch, England-based electronic components manufacturer - Says its manufacturing arm Steatite Ltd has been awarded a "multi-million pound" contract by BAE Systems PLC to design, develop and qualify computer consoles for maritime platforms.

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Itaconix PLC - London-based functional polymers company - Has filed a new patent to protect innovative intellectual property for expected applications in potential uses in composite materials for plant-based ingredients. Explains extension of the Itaconix technology platform is part of its efforts to engage with potential customers to identify sizeable needs that Itaconix can address with plant-based solutions.

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Afentra PLC - upstream operator in Africa with carried interest in Odewayne block onshore southwestern Somaliland - Says the negotiations with Sonangol EP to purchase interests in Block 3/05 and Block 23 in Angola have continued into the new year. Afentra has been engaged in negotiations with Sonangol to reach agreement on the detailed terms of the transaction. Says negotiations are ongoing but there is no guarantee at this stage that an agreement will be reached. If Afentra ultimately proceeds with theacquisition, it would be classified as a reverse takeover. Trading in Afentra shares will remain suspended until either the publication of an AIM admission document, or until confirmation is given that Afentra's participation in the bid process has ceased.

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Cizzle Biotechnology Holdings PLC - UK-based diagnostics developer - Signs full agreement for development of lung cancer tests in China with the International Co-Innovation Centre for Advanced Medical Technology and the Shenzhen Intelliphecy Life Technologies Co Ltd.

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Edenville Energy PLC - developer of Tanzania's Brownfield Rukwa coalfields - Its subsidiary has entered into a contract with Nextgen Coalmine Ltd for the operation of the company's Rukwa Coal project in Tanzania. The agreement is for an initial period of one year started on Tuesday. Under the agreement the contractor will pay Edenville a royalty of USD10 per tonne of washed coal sold and a royalty of USD5 per tonne of any coal fines sold.

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Applied Graphene Materials PLC - graphene materials maker with headquarters in Redcar, Cleveland - Says Stanvac-Superon Group, the India-based manufacturer of industrial repair and maintenance solutions, has introduced a speciality conductive coating incorporating the company's Genable dispersed graphene materials, for use on industrial power transmission equipment. Stanvac-Superon expects the product to be used for power transmission, electrical distribution, and railways, as well as other high energy consumers such as steel mills, smelters, and refineries.

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Alliance Pharma PLC - Chippenham, Wiltshire-based distributor of consumer healthcare brands and prescription medicines - Following an investigation, the UK Competition & Markets Authority has announced its finding that all four companies, including Alliance, have infringed competition law. Alliance says it "fundamentally disagrees" with the CMA's finding and confirms that it did not participate in, or profit from, any market sharing arrangement and refutes involvement in the alleged competition law infringement. Alliance says it will appeal the CMA's decision and the proposed fine of GBP7.9 million, at the Competition Appeal Tribunal.

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Invinity Energy Systems PLC - London-based flow battery maker - Sells a 8.4 megawatt hour Invinity VS3 flow battery to Elemental Energy Inc for a utility-scale energy project in Alberta, Canada. This is the company's largest sale in the North American market to date, it notes.

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4GLOBAL PLC - UK-based data, services and software company - Says it has entered into a partnership agreement with the Fitness Industry Council of Canada. Under the agreement FIC will work with 4GLOBAL to develop 'DataHub Canada' utilising its extensive network of 6,000 facilities with over six million members across the country. Says partnership will significantly increase the global capacity of the company's DataHub which is currently in excess of 1.2 billion of data points of how sport is consumed in UK, Europe and other international markets in South America and Middle East.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
23 Dec 2022 18:15

TRADING UPDATES: Fiinu teams with TransUnion; GRC wins pact

(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
23 Nov 2022 16:58

IN BRIEF: Cizzle Biotechnology signs lung-cancer study in China

Cizzle Biotechnology Holdings PLC - London-based diagnostics developer - Signs further Memorandum of Understanding with International Co-Innovation Centre for Advanced Medical Technology for a clinical pilot study with the Cancer Hospital Chinese Academy of Medical Sciences, National Cancer Center of China. The clinical pilot study will evaluate optimised assays using a monoclonal antibody that Cizzle Biotechnology has developed that specifically detects CIZ1B, which is highly associated with stage 1 lung cancer.

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9 Nov 2022 20:41

UPDATE: Cizzle, Vela Technologies notes planned Conduit Pharma merger

Cizzle Biotechnology Holdings PLC - London-based diagnostics developer - and Vela Technologies PLC - Bradford, England-based investment firm focused on early-stage and pre-IPO disruptive technology investments - Notes announcement by Conduit Pharmaceuticals Ltd that it intends to become a publicly traded company on the Nasdaq in the US through a merger with special purpose acquisition firm Murphy Cannon Acquisition Corp. The deal is expected to generate USD149.7 million worth of proceeds for Conduit.

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28 Sep 2022 14:43

Cizzle Biotechnology reports narrowed loss as passes "key milestones"

(Alliance News) - Cizzle Biotechnology Holdings PLC on Wednesday said it had passed "key milestones" as it moved towards generating revenue for its products.

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18 Aug 2022 11:37

Vela Tech, Cizzle Biotech shares jump on investee's trial results

(Alliance News) - Vela Technologies PLC and Cizzle Biotechnology Holdings PLC on Thursday hailed the latest clinical trial results from investee St George Street Capital Ltd.

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5 Jul 2022 12:15

Cizzle Biotechnology expands use of lung cancer test

(Alliance News) - Cizzle Biotechnology Holdings PLC on Tuesday said that it is using its early-stage lung cancer test technology to detect more cancer types, notably breast cancer.

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20 Jun 2022 15:40

UK shareholder meetings calendar - next 7 days

Tuesday 21 June 
1Spatial PLCAGM
Altus Strategies PLCAGM
Coca-Cola HBC AGAGM
FireAngel Safety Technology Group PLCAGM
HC Slingsby PLCAGM
HSS Hire Group PLCAGM
Mission Group PLCAGM
Novacyt SAAGM
Pendragon PLCAGM
RTW Venture Fund LtdAGM
Velocys PLCAGM
Wednesday 22 June 
ASA International Group PLCAGM
Atalaya Mining PLCAGM
Bonhill Group PLCAGM
Chapel Down Group PLCAGM
Churchill China PLCAGM
Downing Renewables & Infrastructure Trust PLCGM re share issue
Ecofin US Renewables Infrastructure Trust PLCAGM
EJF Investments LtdAGM
Frenkel Topping Group PLCAGM
Good Energy Group PLCAGM
Honeycomb Investment Trust PLCAGM
ICG-Longbow Senior Secured UK Property Debt Investments LtdAGM
Intelligent Ultrasound Group PLCAGM
Iofina PLCAGM
John Wood Group PLCAGM
Kingfisher PLCAGM
LXi REIT PLCGM
Menhaden PLCAGM
North Atlantic Smaller Cos Investment Trust PLCAGM
Pennant International Group PLCAGM
Plant Health Care PLCAGM
Skillcast Group PLCAGM
Team PLCAGM
Tribal Group PLCGM re final dividend
Trident Royalties PLCAGM
Vertu Motors PLCAGM
Wentworth Resources PLCAGM
Thursday 23 June 
Avacta Group PLCAGM
Anglo Asian Mining PLCAGM
Card Factory PLCAGM
Cordiant Digital Infrastructure LtdAGM
Downing Renewables & Infrastructure Trust PLCGM re initial placing & open offer
Eight Capital Partners PLCGM re aligning 2022 bonds with 2026 bonds
GENinCode PLCAGM
Ideagen PLCGM re takeover by Hg Pooled Management Ltd
Longboat Energy PLCAGM
Oxford Nanopore Technologies PLCAGM
Puma VCT 13 PLCGM re cancellation of listing & liquidation
RBG Holdings PLCAGM
Tandem Group PLCAGM
Union Jack Oil PLCAGM
Zinnwald Lithium PLCAGM
Friday 24 June 
AFC Energy PLCGM re fees for non-executive directors
Avast PLCAGM
Devolver Digital IncAGM
Entain PLCAGM
Gulf Keystone Petroleum LtdAGM
Hawkwing PLCAGM
Invesco Bond Income Plus LtdAGM
Life Science REITAGM
Northcoders Group PLCAGM
Princess Private Equity Holding LtdAGM
Monday 27 June 
Anglo-Eastern Plantations PLCAGM
Celadon Pharmaceuticals PLCAGM
Cizzle Biotechnology Holdings PLCAGM
Echo Energy PLCAGM
Medica Group PLCAGM
Pelatro PLCAGM
Surgical Innovations Group PLCAGM
Warpaint London PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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16 Jun 2022 16:55

TRADING UPDATES: Valereum opens NFT market; Conygar considers raising

(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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30 May 2022 12:32

IN BRIEF: Cizzle Biotechnology widens annual loss on acquisition costs

Cizzle Biotechnology Holdings PLC - London-based diagnostics developer - Posts higher annual loss in 2021. Pretax loss widens to GBP4.0 million from GBP14,000 in 2020. In May 2021, Cizzle was bought by Bould Opportunities PLC. Acquisition-related costs stand at GBP3.1 million in 2021 versus none in 2020.

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6 May 2022 11:18

AIM WINNERS & LOSERS: SDI upbeat; Westminster rises on contract win

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

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6 May 2022 10:11

Cizzle Biotechnology shares jump on US lung cancer collaboration

(Alliance News) - Cizzle Biotechnology Holdings PLC on Friday announced a new collaboration into lung cancer testing with a US partner.

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11 Apr 2022 21:14

TRADING UPDATES: WANdisco bookings up; STM legal appeal denied

(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 Mar 2022 06:45

IN BRIEF: Cizzle Biotech notes promising data from Arcadia study

Cizzle Biotechnology Holdings PLC - London-based diagnostics developer - Reports that Arcadia clinical study shows potential value of AZD1656 treatment for Covid-19 patients. The new data analysis comes from St George Street Capital Ltd, which runs the trial with Excalibur Medicines Ltd for the treatment, in which Cizzle holds a "significant" royalty-bearing economic interest.

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14 Feb 2022 15:26

Cizzle Biotechnology acquires further 5% interest in Covid treatment

(Alliance News) - Cizzle Biotechnology Holdings PLC shares jumped on Monday after it announced that it acquired an additional 5% interest in the commercialisation of the Covid-19 treatment AZD 1656.

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