(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
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CentralNic Group PLC - London-based domain name registry and registrar services firm - Says organic growth "accelerated" in fourth quarter, which CentralNic attributes to "significant investment programme". For 2021, organic growth was 37%. Expects annual revenue of USD450 million and adjusted earnings before interest, tax, depreciation and amortisation of around USD45 million. This would be ahead of revenue consensus of USD383 million and adjusted Ebitda consensus of USD42.9 million. Would represent 70% revenue growth and 47% climb in adjusted Ebitda from 2020.
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Pebble Group PLC - Manchester-based technology and services for promotional products industry - Says revenue for 2021 to be around GBP115 million, up from GBP82.4 million in 2020 and beating 2019's GBP107.2 million, which was before onset of pandemic. It expects an adjusted Ebitda of GBP15 million, up from GBP9.8 million in 2020 but down a touch from GBP15.2 million in 2019.
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Poolbeg Pharma PLC - London-based clinical stage infectious disease pharmaceutical company - Licenses RNA-based immunotherapy for respiratory virus infections developed at the University of Warwick. "Poolbeg has secured an exclusive licence to this dual antiviral prophylactic and therapeutic candidate, which is at a late-pre-clinical development stage," company says. "The candidate, which will be developed by Poolbeg as POLB 002, was developed at the University of Warwick and derived from twenty years of research with world class virologists, Professor Andrew Easton and Professor Nigel Dimmock."
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Midatech Pharma PLC - Cardiff-based drug delivery technology company - Extends research and development pact with Janssen Pharmaceutical NV, owned by Johnson & Johnson. "Under the extended collaboration the company will focus on maximizing drug loading and optimizing in vitro duration of release for this undisclosed Janssen experimental molecule using the company's Q-Sphera technology," Midatech says.
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Helium One Global Ltd - London-based exploration & development company - Says remote sensing work at Rukwa, Eyasi and Balangida project areas finds "additional helium anomalies". "Evidence of a robust helium anomaly across the Tai structure where drilling last year encountered numerous helium shows," company says. "Multiple surface anomalies identified within all three basins that require follow up geophysical investigation."
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Future Metals NL - Australia-focused platinum group metals explorer - Reports "further high-grade PGM assay results" at Panton project in Australia. "Metallurgical flotation test work is underway on both high-grade and low-grade representative composite samples," Future Metals says. Notes results pending for further 52 drill holes.
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88 Energy Ltd - Alaska-focused oil exploration and appraisal company - Says permit to drill Merlin-2 in final stages of review by Bureau of Land Management in Alaska. Affirms project timeline. Company explains: "Permitting and planning for the Merlin-2 well is now largely complete, with the well on track to spud in February 2022. The Merlin-2 permit to drill is in the final stages of review by the BLM and is on schedule to be issued ahead of rig mobilisation."
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Ncondezi Energy Ltd - coal-fired power project in Mozambique - Updates on power project in Tete, Mozambique. Says awaiting further clarity on China's position on financing coal projects. Adds China Machinery Engineering Corp "remains committed" to project. Ncondezi is funded to end of first half of 2022, company adds.
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Drumz PLC - London-based investment company - Says 25% owned investee Acuity Risk Management Ltd wins several new customers for Stream risk management product. Says major broadcaster with "global reach" adopts Stream, ass does a "multinational German industrial control and automation company".
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H&T Group PLC - Surrey, England-based pawnbroker - Expects pretax profit for 2021 to be within range of current market expectations, which stand between GBP9.0 million and GBP10.1 million. "Demand for pledge lending has now fully recovered to pre-pandemic levels, with positive momentum across the customer spectrum and in all geographies. The months of November and December saw particularly strong borrowing demand, with lending volumes in December ahead of expectations and at record levels. Loan-to-value ratios have been maintained. Redemption rates remain stable and above historic norms," H&T says. "Retail sales have continued to remain robust, with consistently strong demand for high quality pre-owned watches and jewellery both online and in H&T's store network."
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By Eric Cunha; ericcunha@alliancenews.com
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