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TRADING UPDATES: 600 Group "leaner"; Totally doubles interim payout

Mon, 15th Nov 2021 14:48

(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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600 Group PLC - West Yorkshire, England-based manufacturer and distributor of machine tools, precision engineered components and industrial laser systems - Revenue in six months to September 30 rises 34% to USD34.0 million from USD25.4 million a year earlier. Swings to USD694,000 pretax profit from USD1.2 million loss. Says orderbook stands at USD23 million, a record level and more than double from a year earlier. "We have emerged from the pandemic with a record orderbook, strengthened operations and the foundations for sustained growth," Chair Paul Dupee says. 600 says it has made a strong recovery and has emerged a "leaner organisation".

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Totally PLC - Derby-based healthcare service provider that spans public and private sectors - Revenue in six months to September 30 increases 14% to GBP61.6 million from GBP54.1 million a year earlier. Pretax profit surges to GBP921,000 from GBP61,000. "These results demonstrate continued success in the first half of the year. With the winter months approaching, which bring high levels of uncertainty across all healthcare sectors, the board is confident that the outcome for the remainder of the group's trading year to 31 March 2022 will be in line with current consensus," Totally says. It doubles payout to 0.5 pence per share from 0.25p.

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Value & Indexed Property Income Trust PLC - investment company mainly focused on UK commercial properties as well as UK property-backed securities - Says net asset value per share at September 30 increases 7.2% to 290.52 pence per share, from 271.10p at March year end. Ups interim payout by 3.4% to 6.00p from 5.80p. Savills values company's estate at GBP110.1 million at September end, up from GBP80.6 million at end of March. During period, eight new properties were purchased for GBP22.5 million.

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Triple Point Income VCT PLC - renewable energy investor - Net asset value per share declines across board in six months to September 30. For C shares, NAV per share falls 2.1% to 81.56 pence from 83.30p in March. Over same period, D shares NAV per share down 1.7% to 58.57p from 59.59p. For E shares, NAV per share down by a chunkier 3.4% to 91.38p from 94.59p. Company says: "During the period we have seen the welcome lift of restrictions imposed due to the Covid-19 pandemic, and the refocus of the market onto other globally important issues, including the part that renewable energy has to play in tackling climate change and the role that intermittent energy generation plays to support the rise of renewables. We have also seen volatility of power prices. However, as the majority of our revenues are generated from renewable incentive schemes, the company's investments in both hydroelectric schemes and rooftop solar companies have not been materially adversely affected by this volatility."

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Condor Gold PLC - mine developer in Nicaragua - In third quarter ended September 30, Condor generates no revenue, unchanged annually. Pretax loss stretches to GBP591,827 from GBP377,286. Share-based payments increase 61% to GBP151,963 from GBP94,514 a year earlier. Administrative expenses rise 56% to GBP439,864 from GBP282,772. Condor Chair and Chief Executive Mark Child says third quarter focus was furthering La India project in Nicaragua to "shovel-ready status". "Several significant step-out and in-fill exploration programs were either advanced or completed. Additionally, the company provided the key findings of a technical report on the project which summarizes the results of a strategic mining study to Preliminary economic assessment standards," Child says.

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Pure Gold Mining Inc - Vancouver, Canada-based gold miner - Says third quarter pretax loss widens to CAD13.2 million from CAD9.7 million a year earlier. Posts no revenue, unchanged annually. Third-quarter gold production of 9,260 ounces, up 54% on the second quarter, with average daily throughput of 685 tonnes.

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Canadian Overseas Petroleum Ltd - oil and gas exploration focused on Nigeria and the US state of Wyoming - Says petroleum sales, net of royalties, amount to USD5.2 million in third quarter, after achieving none a year prior. Makes USD2.5 million unrealised loss and USD648,000 realised loss on crude derivates. It means revenue amounts to USD2.1 million. It did not post third quarter revenue a year earlier. Swings to net profit of USD7.5 million from USD2.1 million loss.

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MTI Wireless Edge Ltd - Israel-based communication and radio frequency technology - Posts results for nine months ended September 30. Revenue rises 8.1% to USD32.1 million from USD29.7 million a year earlier. Pretax profit increases 7.0% year-on-year to USD3.1 million from USD2.9 million. CEO Moni Borovitz says third quarter was "positive". "Operationally we are close to normal now, with nearly all of our markets functioning as they did pre-pandemic, but travel limitations and the availability and cost of shipment continue to be part of our challenges as part of the 'new normal'," Borovitz adds.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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TRADING UPDATES: Homeserve takeover sanctioned; Ariana finds nickel

(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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Canadian Overseas Petroleum increases output due to acquired assets

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TRADING UPDATES: SigmaRoc files patent; Griffin restarts operations

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CORRECT: Coral Products buys Ecodeck; Evgen Pharma recruits

(Correcting Harmony Energy Income Trust's use of funds.)

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12 Oct 2022 21:46

TRADING UPDATES: Coral Products buys Ecodeck; Evgen Pharma recruits

(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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TRADING UPDATES: Angus Energy exceeds monthly production targets

(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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14 Sep 2022 21:07

IN BRIEF: Canadian Overseas Petroleum notes delay in Barron hearing

Canadian Overseas Petroleum Ltd - Calgary, Canada-based oil and gas company operating in Nigeria and US state of Wyoming - Concerning Southwestern Production Corp's application to flare additional gas volumes at its Barron Flats Shannon unit, makes an application to the Wyoming Oil & Gas Conservation Commission.

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12 Sep 2022 10:57

Canadian Overseas shares rise on positive oil and gas reserve report

(Alliance News) - Canadian Overseas Petrolem Ltd shares surged on Monday after the company reported a "material" increase to its oil and gas reserves.

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25 Aug 2022 14:38

IN BRIEF: Canadian Overseas Petroleum CEO buys 1 million shares

Canadian Overseas Petroleum Ltd - Calgary, Canada-based oil and gas company operating in Nigeria and US state of Wyoming - Chief Executive Officer Arthur Millholland buys 1.0 million shares at CAD0.19, worth CAD185,500, about USD143,224, on Tuesday and Wednesday.

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16 Aug 2022 16:24

TRADING UPDATES: Castings expects revenue growth on input price rise

(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 Aug 2022 12:43

IN BRIEF: Canadian Overseas gets confirmation of Wyoming oil discovery

Canadian Overseas Petroleum Ltd - Calgary, Canada-based oil and gas company - Says resource report prepared by an independent energy consultancy has confirmed its deep oil discovery in the US state of Wyoming. Confirms 993.5 million barrels at the Wyoming discovery. "This independent report validates what we announced at the start of the year and highlights the significant potential of our fantastic Wyoming asset. Compiled to Canadian regulatory standards, the report gives a conservative view, and we expect to see further exploration upside in due course once our drilling program gets under way in the coming months," says Chief Executive Arthur Millholland.

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22 Jul 2022 14:43

IN BRIEF: Canadian Overseas shares plummet on financing for Cuda

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TRADING UPDATES: Capital backs outlook; Northcoders trades well

(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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