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Pin to quick picksCapital Metals Share News (CMET)

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TRADING UPDATES: Dev Clever Has Momentum; Argo Blockchain Revenue Up

Wed, 03rd Feb 2021 10:58

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

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Dev Clever Holdings PLC - Tamworth, England-based software developer for immersive career guidance and consumer engagement experiences - Says made "significant progress" in financial year ended October 31, with accounting revenue of GBP1.2 million and booking revenue of GBP2.4 million. "This represents an increase from GBP480,000 and GBP500,000 respectively from the previous financial year and is in line with management's expectations, reflecting the considerable progress the company made during the year," says Dev Clever. Adds that momentum has accelerated since the start of the new financial year, and expects this "rapid acceleration" to continue throughout remainder of 2021 financial year.

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Argo Blockchain PLC - London-based cryptocurrency mining - Mined 93 bitcoin or bitcoin equivalent in January compared to 96 in December. Mining revenue in January amounted to GBP2.5 million, up 56% versus GBP1.6 million in December. Adds that it has signed a share purchase agreement with GPU.one, the Canadian data centre provider, for the strategic purchase of the two data centres in Quebec. "These facilities are currently owned and operated by GPU.one and house a portion of Argo's cryptocurrency mining equipment. The data centres have a combined total of 20MW of power capacity, and the acquisition will provide Argo with long term stability and direct control over the facilities," says Argo.

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BigDish PLC - Jersey-based technology platform for restaurants - Decides to diversify into a "high-growth area" of the wider food and beverage sector. Is in the process of forming a joint venture food technology company, Amala Foods Inc. Amala is being established for the production and distribution of minimally processed plant-based meat products initially within Asia. BigDish will own a 70% stake in the JVC and 30% will be owned by Archie Rodriguez, who will initially hold the position of chief executive of the venture.

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Hummingbird Resources PLC - African gold producer - Says recorded net cash positive position of USD1.5 million at December 31, and current bank loans are scheduled to be fully repaid in the second quarter of 2021. Says 22,012 ounces of gold poured in the fourth quarter, with full-year gold poured at 101,069 ounces, down from 115,649 the year before. Says 2020 pretax profit was USD26 million, up from USD9 million in 2019. For 2021, Hummingbird guides to production of 100,000 ounces to 110,000 ounces of gold. "We have a more modest 2021 production outlook which we believe is achievable and will establish a solid footing for the company as we generate circa USD70 million of project level EBITDA at current gold prices," says Chief Executive Dan Betts.

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Zaim Credit Systems PLC - Russia-focused fintech firm - Reports "very strong quarterly performance" for wholly-owned subsidiary Zaim-Express LLC for three months to December 31. Says "impressive" growth in loans issued to GB3.8 million, up 65% on GBP2.3 million in the third quarter. Says group continued to trade profitably in the fourth quarter. "Our online-focused strategy allows for lower fixed costs and faster growth that makes us confident in the long-term development of our business. Our investment in our proprietary platform and process is delivering impressive results and we will be very focused on continuing to drive growth during 2021," says Zaim Chief Executive Siro Cicconi.

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Time Out Group PLC - London-headquartered global media and leisure business - Enters management agreement with real estate developer, Aldar Properties, to open a new Time Out Market in Abu Dhabi's Saadiyat Island. Time Out Market Abu Dhabi is expected to open in 2023. This is Time Out Market's fourth management agreement and its second location in the UAE, with Time Out Market Dubai set to open in the first half of 2021. Under the agreement, Time Out receives a share of revenue and profit but does not contribute to the capital cost of the site. Its primary responsibility being branding, curation and day-to-day management and operations.

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Directa Plus PLC - London-based producer of graphene nanoplatelets-based products for consumer and industrial use - Receives grant as part of the EU's Horizon 2020 research and innovation programme. Grant has total value of EUR100,000 and will be used to assist Directa's research into using graphene technology to help prevent the spread of Covid-19. "This grant will allow us to invest further and faster in improving the properties of our face-masks, allow us to supply them into clinical settings, and improve the environmental sustainability of their production," says Founder & Chief Executive Giulio Cesareo.

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Capital Metals PLC - natural resources company - Says now funded to advance the next stage of development of the Eastern Minerals project in Sri Lanka, which includes the finalisation of the environmental impact assessment and final permitting and grant of the industrial mining licence. "We are delighted to have hit the ground running in 2021 with the acquisition of the Eastern Minerals project and the oversubscribed placing of GBP2 million. The company is now in a strong position to deliver on its key objectives of working with the community and the government to obtain final permitting approvals for the project that will lead to the grant of a mining licence and subsequent engagement with potential offtake partners and industrial end users before first production within 12-18 months," says Chief Executive Michael Frayne.

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GSTechnologies Ltd - Milton Keynes, England-based provider of wireless, electronic cabling, security, and other services to clients in infrastructure development - Establishes new wholly-owned subsidiary in the UK, GS Fintech Ltd, as the first stage in the company's planned establishment of a blockchain-focused business unit. It is intended that GS Fintech will apply to the UK Financial Conduct Authority to be granted an authorised payment institution licence in due course. Adds it intends to establish a similar blockchain-focused subsidiary in Singapore.

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Wameja Ltd - Australian software company - Says HomeSend saw a recovery in average transaction value in fourth quarter, with this up 6% over the prior quarter after a 4% fall in the third quarter. The quarter also saw continued improvement in gross value flows across the HomeSend platform, Wameja adds.

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Totally PLC - healthcare services provider - Says its Urgent Care and Planned Care divisions have been awarded a further contract extension and new contract, respectively. Says Vocare Ltd has been awarded a six-month contract extension worth around GBP7.2 million, while the Planned Care division has been awarded a new contract to provide occupational physiotherapy services to four police forces in the South West of England.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
9 May 2023 12:00

Capital Metals signs JV deal to develop Eastern Minerals project

(Alliance News) - Capital Metals PLC on Tuesday said it has signed a deal to create a joint venture to fund the development of its Eastern Minerals project in Sri Lanka.

Read more
9 May 2023 10:30

AIM WINNERS & LOSERS: Capital Metals signs MoU; Echo Energy sells

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

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26 Apr 2023 16:52

TRADING UPDATES: Capital Metals to appeal Sri Lanka mining suspension

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

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26 Apr 2023 10:13

AIM WINNERS & LOSERS: Capital Metals drops as licenses stay suspended

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

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20 Feb 2023 18:02

Capital Metals restructures subsidiary to appease Sri Lankan bureau

(Alliance News) - Capital Metals PLC on Monday said it transferred a 60% equity stake in its subsidiary Damsila Exports Pvt Ltd to a Sri Lankan national associated with the company since 2015, in a bid to satisfy the Sri Lankan Geological Survey & Mines Bureau.

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10 Feb 2023 10:02

Capital Metals to amend corporate structure over mining suspensions

(Alliance News) - Capital Metals PLC on Friday said processes are underway to amend its corporate structure, in response to Sri Lanka's Geological Survey & Mines Bureau's temporary suspension of its industrial mining licences.

Read more
10 Feb 2023 10:01

Capital Metals amending corporate structure over mining suspensions

(Alliance News) - Capital Metals PLC on Friday said processes are underway to amend its corporate structure, in response to Sri Lanka's Geological Survey & Mines Bureau's temporary suspension of its industrial mining licences.

Read more
21 Dec 2022 14:30

IN BRIEF: Capital Metals sees narrowed interim loss as expenses drop

Capital Metals PLC - London-based mineral sands explorer focused in the Eastern Province in Sri Lanka - For the six months that ended on September 30, pretax loss narrows to USD378,188 from USD1.2 million the year before, as administrative expenses decline significantly to USD382,400 from USD1.2 million. Capital Metals books a gain in finance income of USD2,531, compared to just USD110 a year earlier. Records no revenue for the period, unchanged from last year. Cash balance as at September 30 amounted to USD812,246.

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12 Dec 2022 14:41

Capital Metals' mining licences suspended pending GSMB investigation

(Alliance News) - Capital Metals PLC's shares tumbled on Monday as it said two industrial mining licences issued to its subsidiary Damsila Exports Pvt Ltd have been temporarily suspended.

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12 Dec 2022 10:38

AIM WINNERS & LOSERS: Velocys shares jump on two UK government grants

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

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7 Oct 2022 20:16

TRADING UPDATES: Steppe Cement revenue up; H&T raises GBP16.9 million

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

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26 Sep 2022 13:38

EARNINGS UPDATES: Devolver Digital and Jangada swing to interim loss

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

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23 Sep 2022 15:58

UK shareholder meetings calendar - next 7 days

Monday 26 September 
Babcock International Group PLCAGM
Eastinco Mining & Exploration PLCAGM
Eckoh PLCAGM
ECO Animal Health Group PLCAGM
Great Eastern Energy Corp LtdAGM
Lamprell PLCEGM re delisting
Mediclinic International PLCCourt & GM re takeover by Remgro, SAS
RPS Group PLCGM cash offer agreement
Tuesday 27 September 
Bens Creek Group PLCAGM
Cohort PLCAGM
daVictus PLCAGM
Downing Four VCT PLCAGM
Empyrean Energy PLCAGM
First Property Group PLCAGM
GRC International Group PLCAGM
Incanthera PLCAGM
Knights Group Holdings PLCAGM
Miton UK MicroCap Trust PLCAGM
Redde Northgate PLCAGM
Smoove PLCAGM
Spectral MD Holdings LtdAGM
TP Group PLCGM re annual report
Yourgene Health PLCAGM
Wednesday 28 September 
600 Group PLCAGM
Aberdeen New India Investment Trust PLCAGM
Amigo Holdings PLCAGM
AO World PLCAGM
AssetCo PLCGM re authority to repurchase shares
Baltic Classifieds Group PLCAGM
DWF Group PLCAGM
Enwell Energy PLCAGM
Intercede Group PLCAGM
Kainos Group PLCAGM
Kromek Group PLCAGM
NWF Group PLCAGM
Ormonde Mining PLCGM sale of La Zarza Landholding
Oxford Cannabinoid Technologies Holdings PLCAGM
Scholium Group PLCAGM
System1 Group PLCAGM
Thursday 29 September 
ActiveOps PLCAGM
Chill Brands Group PLCAGM
Coral Products PLCAGM
Echo Energy PLCGM re approval of annual report
Jaywing PLCGM re funding
Orient Telecoms PLCAGM
President Energy PLCGM proposed capital reorganisation
Samarkand Group PLCAGM
TransGlobe Energy CorpGM re merger with Vaalco Energy Inc
Ted Baker PLCGM re shareholders vote on acquisition by ABG 
Vaalco Energy IncGM re merger with TransGlobe Energy Corp
Van Elle Holdings PLCAGM
Walker Crips Group PLCAGM
Friday 30 September 
Capital Metals PLCAGM
Henderson Smaller Companies Investment Trust PLCAGM
Ince Group PLCAGM
Indivior PLCGM additional US listing
Insig AI PLCGM financial outcomes
Libertine Holdings PLCAGM
MiLOC Group LtdAGM
Oakley Capital Investments LtdAGM
OptareAGM
Pennpetro Energy PLCAGM
Saietta Group PLCAGM
TMT Acquisition PLCAGM
TPXimpact Holdings PLCAGM
Versarien PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
23 Sep 2022 15:58

UK shareholder meetings calendar - next 7 days

Monday 26 September 
Babcock International Group PLCAGM
Eastinco Mining & Exploration PLCAGM
Eckoh PLCAGM
ECO Animal Health Group PLCAGM
Great Eastern Energy Corp LtdAGM
Lamprell PLCEGM re delisting
Mediclinic International PLCCourt & GM re takeover by Remgro, SAS
RPS Group PLCGM cash offer agreement
Tuesday 27 September 
Bens Creek Group PLCAGM
Cohort PLCAGM
daVictus PLCAGM
Downing Four VCT PLCAGM
Empyrean Energy PLCAGM
First Property Group PLCAGM
GRC International Group PLCAGM
Incanthera PLCAGM
Knights Group Holdings PLCAGM
Miton UK MicroCap Trust PLCAGM
Redde Northgate PLCAGM
Smoove PLCAGM
Spectral MD Holdings LtdAGM
TP Group PLCGM re annual report
Yourgene Health PLCAGM
Wednesday 28 September 
600 Group PLCAGM
Aberdeen New India Investment Trust PLCAGM
Amigo Holdings PLCAGM
AO World PLCAGM
AssetCo PLCGM re authority to repurchase shares
Baltic Classifieds Group PLCAGM
DWF Group PLCAGM
Enwell Energy PLCAGM
Intercede Group PLCAGM
Kainos Group PLCAGM
Kromek Group PLCAGM
NWF Group PLCAGM
Ormonde Mining PLCGM sale of La Zarza Landholding
Oxford Cannabinoid Technologies Holdings PLCAGM
Scholium Group PLCAGM
System1 Group PLCAGM
Thursday 29 September 
ActiveOps PLCAGM
Chill Brands Group PLCAGM
Coral Products PLCAGM
Echo Energy PLCGM re approval of annual report
Jaywing PLCGM re funding
Orient Telecoms PLCAGM
President Energy PLCGM proposed capital reorganisation
Samarkand Group PLCAGM
TransGlobe Energy CorpGM re merger with Vaalco Energy Inc
Ted Baker PLCGM re shareholders vote on acquisition by ABG 
Vaalco Energy IncGM re merger with TransGlobe Energy Corp
Van Elle Holdings PLCAGM
Walker Crips Group PLCAGM
Friday 30 September 
Capital Metals PLCAGM
Henderson Smaller Companies Investment Trust PLCAGM
Ince Group PLCAGM
Indivior PLCGM additional US listing
Insig AI PLCGM financial outcomes
Libertine Holdings PLCAGM
MiLOC Group LtdAGM
Oakley Capital Investments LtdAGM
OptareAGM
Pennpetro Energy PLCAGM
Saietta Group PLCAGM
TMT Acquisition PLCAGM
TPXimpact Holdings PLCAGM
Versarien PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
13 Jul 2022 19:32

TRADING UPDATES: Eqtec seeks raise; Black Sea Property buys

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

Read more

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