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Pin to quick picksCondor Gold Share News (CNR)

Share Price Information for Condor Gold (CNR)

London Stock Exchange
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Share Price: 32.50
Bid: 32.00
Ask: 33.00
Change: -0.50 (-1.52%)
Spread: 1.00 (3.125%)
Open: 32.50
High: 32.50
Low: 32.25
Prev. Close: 33.00
CNR Live PriceLast checked at -

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TRADING UPDATES: EKF Diagnostics swings to loss as revenue drops

Tue, 28th Mar 2023 14:39

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

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Aukett Swanke Group PLC - professional services firm that mainly provides architectural and interior design services - Pretax loss in financial year that ended September 30 widens to GBP1.8 million from GBP595,000 a year ago. Revenue declines 9.1% to GBP24.0 million from GBP26.4 million. Looking ahead, says UK architecture businesses and German investments are high quality operations with strong brands. Anticipates further growth in UK architecture business.

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Condor Gold PLC - gold exploration company with operations focusing on Nicaragua - Pretax loss widens to GBP2.5 million in 2022 from GBP2.3 million in 2021. Hails sales process, which it says is entering the end of its first phase, with three formal expressions of interest, including two non-binding offers, received as of March 13. Chair Jim Mellon says: "Condor is at an important point in its history. It is very close to mining, with substantial proven reserves, and a carefully costed mining plan".

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EKF Diagnostics Holdings PLC - Cardiff-based diagnostics and central laboratory assay maker - Swings to pretax loss GBP8.9 million in 2022 from a profit of GBP21.4 million. Revenue falls 19% to GBP66.6 million, in line with market expectations, from GBP81.8 million. Looking ahead, Executive Chair Julian Baines says: "Cost reduction, restructuring and efficiency measures will further improve our performance in 2023 and onwards. The work to deliver these measures has already begun in earnest and the board remains confident that the performance of the business for the year remains in-line with management expectation, with EKF now well positioned for long-term sustainable growth."

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essensys PLC - London-based software and cloud services for flexible workspace industry - Pretax loss in the six months to January 31 widens to GBP7.7 million from GBP4.7 million a year ago. Revenue grows 18% to GBP12.9 million from GBP10.9 million. Administrative expenses increase 33% to GBP15.0 million from GBP11.2 million. Cost of sales increase 37% to GBP5.6 million from GBP4.1 million. Says trading in second half of financial 2023 in line with management's expectations. Expects to meet financial 2023 market forecasts and notes confidence in longer-term structural growth opportunity.

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Highcroft Investments PLC - England and Wales-focused real estate investor - Net asset value per share as at December 31 falls 15% to 1,081 pence from 1,275p a year prior, blaming high inflation, rises in interest rates and political instability. Swings to a pretax loss of GBP7.1 million in 2022, from a profit of GBP12.2 million. Looking ahead, says portfolio is well-positioned to deliver long-term secure returns for shareholders.

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Regional REIT Ltd - real estate investment trust - Portfolio value fell 12% on a like-for-like basis to GBP789.5 million at the end of 2022, from GBP906.1 million a year before. This was primarily due to macro-factors affecting the property sector, it says. Net asset value per share falls to 78.1 pence from 97.4p. More positively, net rental income increases 12% to GBP62.6 million in 2022. Dividend per share rises to 6.6p from 6.5p. Looking ahead, firm is confident of maintaining high rent collections and cites a momentum on asset management initiatives for the rest of 2023. Chair Kevin McGrath says: "The UK region's economic activity continues to strengthen, and companies continue to require office space in our identified growth areas. Regional REIT remains well positioned to meet the challenges and take the opportunities that will inevitably arise in the coming years."

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Technology Minerals PLC - London-based battery metals developer - Pretax loss for the six months to December 31 narrows to GBP692,000 from GBP1.1 million a year prior, as it has no initial public offering costs compared to GBP314,000 a year ago. Other figures broadly flat, with no revenue. Company touts advancement in exploration assets, with a focus on Ireland and Spain. "The aim remains to increase the value of each project through efficient, targeted exploration work in a capital-light manner, seek out partnerships to inject further capital as required, and creating additional value in the portfolio and for shareholders," Technology Minerals says.

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By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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12 Dec 2023 17:40

TRADING UPDATES: Celadon Pharma raises GBP2.0 million via placing

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

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5 Dec 2023 11:56

IN BRIEF: Condor Gold raises GBP1 million via chair's company

Condor Gold PLC - Gold exploration company with operations focused on Nicaragua - Notes that Galloway Ltd, owned by Condor Gold Chair Jim Mellon's Burnbrae Group Ltd, sends notice to Condor Gold which will result in the issue of 6.7 million new shares at an issue price of 15p per share to raise GBP1 million. Condor Gold has approval for the shares to be listed on the Toronto Stock Exchange. Condor Gold adds that it is in discussions with other shareholders who have expressed interest in investing alongside the chair and largest shareholder on the same terms, with an update to be provided shortly. Chair Jim Mellon says: "I continue to be impressed with the asset sale process. We are very aware of the value of our assets and will maximise value for all shareholders. My investment of a further GBP1 million is designed to ensure sufficient financial runway during the sales process until a desired price is achieved."

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7 Sep 2023 14:41

EARNINGS UPDATES: Sylvania beats production goal, Angle revenue surges

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

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21 Jul 2023 10:04

IN BRIEF: Condor Gold says five acquisition offers received

Condor Gold PLC - Gold exploration company with operations focusing on Nicaragua - Says it has received five non-binding offers for the purchase of its assets, with three site visits having been completed. Adds that there are eight companies under non-disclosure agreements. Says additional enquiries have been received over the past two weeks.

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13 Mar 2023 14:25

Condor Gold shares jump over interest for La India project, Nicaragua

(Alliance News) - Condor Gold PLC on Monday said it has received three formal expressions of interest for the acquisition of its La India Gold Project in Nicaragua.

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13 Mar 2023 10:43

AIM WINNERS & LOSERS: Condor Gold jumps on offers for La India

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

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13 Mar 2023 09:12

LONDON MARKET OPEN: Lower start as HSBC buys Silicon Valley Bank in UK

(Alliance News) - Stock prices in London opened lower on Monday, as the fallout from the collapse of Silicon Valley Bank continues, with HSBC Holdings announcing a rescue deal for the UK arm.

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21 Dec 2022 19:20

TRADING UPDATES: Atlantis Japan underperforms; Bellevue lowers payout

(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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5 Dec 2022 21:40

TRADING UPDATES: Sancus returns GBP1.6 million; Versarien's UK loan

(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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28 Nov 2022 14:33

Condor Gold raises funds via loan notes, also proposes an open offer

(Alliance News) - Condor Gold PLC said on Monday that it raised funds through the issue of unsecured convertible loan notes, while it also intends to launch an open offer to qualifying shareholders to subscribe to new ordinary shares.

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28 Nov 2022 10:56

Condor Gold raising up to £4.2m to fund Nicaragua requirements

(Sharecast News) - Condor Gold is raising up to £4.2m through a convertible loan note and proposed open offer, it announced on Monday, to finance working capital requirements.

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22 Nov 2022 20:02

TRADING UPDATES: AfriTin hails drilling finds; Severfield profit rises

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

Read more
14 Nov 2022 16:30

Condor Gold loss narrows as La India gold mine nears completion

(Alliance News) - Condor Gold PLC on Monday reported a narrowed loss as it continued its feasibility study on the La India open gold mine in Nicaragua.

Read more
26 Oct 2022 11:52

Condor Gold receives underwhelming results from study at La India

(Alliance News) - Condor Gold PLC on Wednesday saw shares drop after a feasibility study at its La India project produced disappointing results.

Read more

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