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Pin to quick picksCordel Group Share News (CRDL)

Share Price Information for Cordel Group (CRDL)

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Share Price: 4.55
Bid: 4.30
Ask: 4.80
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TRADING UPDATES: Cordel interim revenue jumps; Ilika loss widens

Thu, 19th Jan 2023 15:00

(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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AEW UK REIT PLC - London-based real estate investment trust for UK regional commercial property - Net asset value at December 31 falls 14% to 104.93 pence per share from 121.88p at September 30. Quarterly NAV return is negative 12% compared to negative 2.1% in the previous quarter, and to positive 5.6% a year ago. AEW declares a 2.00p per share interim dividend, unchanged from a year ago. Says that the medium-term outlook for pressure on tenants is starting to ease "with wholesale gas prices now trading roughly 80% down from their March 2022 peak."

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Capital Ltd - Mauritius-based provider of minerals drilling solutions including exploration and technical drilling - Revenue in 2022 grows by 28% to USD290.3 million from USD226.8 million in 2021. Says it is confident in demand and notes "significant" growth potential in drilling. "The drilling business has a strong outlook entering 2023 with its highest rig count, robust utilisation and strong average monthly revenue per operating rig," Capital says.

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Cordel Group PLC - London-based artificial intelligence platform for transport corridor analytics - Revenue in the six months to December 30 jumps 50% to GBP945,000 from GBP629,000 a year prior. Loss before interest, tax, depreciation and amortisation narrows by 43% to GBP721,000 from GBP1.3 million. Expects a satisfactory cash position for financial year 2023 which started on July 1, 2022. Chair Ian Buddery says: "We are pleased by the market's recognition of our technology advantages and confident we will add new contracts as 2023 progresses." Cordel aims to release its half-year report in early February.

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Ilika PLC - Hampshire, England-based solid-state battery technology provider - Pretax loss in the half-year to October 31 widens to GBP5.0 million from GBP3.5 million a year prior. Posts no revenue, down from GBP15,932 a year prior. Administrative expenses widen by 50% to GBP4.9 million from GBP3.3 million. Looking ahead, Ilika says it "will continue to deploy its resources to maximise shareholder return while it delivers its programmes."

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Scotgold Resources Ltd - Stirlingshire-based gold and silver explorer and producer in Scotland - Gold production in 2022 rises to 8,564 ounces from 2,623 ounces in 2021. Grade mill feed for processing plant averaged 10.35 grams of gold per tonne in 2022. Expects gold production to rise by between 34% and 58% to between 11,500 and 13,500 ounces in 2023.

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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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18 Jun 2024 16:37

EARNINGS AND TRADING: Cordel thrilled by Middle East contract win

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

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18 Jun 2024 13:37

Cordel inks deal with Middle East customer

(Sharecast News) - Transport technology and artificial intelligence (AI) specialist Cordel Group announced a significant new customer contract in the Middle East on Tuesday.

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18 Jun 2024 13:37

Cordel inks deal with Middle East customer

(Sharecast News) - Transport technology and artificial intelligence (AI) specialist Cordel Group announced a significant new customer contract in the Middle East on Tuesday.

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11 Jun 2024 15:05

Cordel Group receives Network Rail certification for train tech

(Alliance News) - Cordel Group PLC on Tuesday said that the UK's Network Rail has provided a certificate of approval for its artificial intelligence technology.

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25 Apr 2024 16:57

LONDON MARKET CLOSE: FTSE 100 shakes off red-hot US inflation gauge

(Alliance News) - London's FTSE 100 outperformed on Thursday, enjoying a solid rise on largely well-received corporate earnings and a share price jump for miner Anglo American after it received a takeover bid from peer BHP.

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25 Apr 2024 14:23

Cordel rises on deal with national railway in APAC region

(Alliance News) - Cordel Group PLC shares jumped on Thursday, after it said it has won a contract with "a major national railway in the Asia Pacific region."

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25 Apr 2024 10:23

AIM WINNERS & LOSERS: Kromek jumps 14% on US government contract

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

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25 Apr 2024 10:01

Cordel Group inks trial deal with Asia-Pacific railway

(Sharecast News) - Cordel Group announced a deal with a major national railway in the Asia-Pacific region on Thursday, entailing a 12-week paid trial of its forward-facing video solution (FFV) alongside the provision of LiDAR data to explore other potential applications such as vegetation management and clearance assessments.

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2 Apr 2024 14:28

IN BRIEF: Cordel set to meet full-year revenue expectations

Cordel Group PLC - London-based company, whose flagship platform uses artificial intelligence to supply transport corridor analytics - Says it is confident in achieving its full-year revenue expectations for the financial year ending June 30. Its financial 2023 revenue was GBP3.0 million. Notes that the delivery of its USD6.7 million contract with Amtrak, the national rail operator for the US, which was signed in March of last year, continues to make good progress. Chief Executive Officer John Davis says: "Our sales team around the world is working hard towards our 30 June objectives, while our technology team continues to deliver high quality, on-time results to customers. New product development continues at pace, with a particular focus on automation and refinement."

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2 Apr 2024 12:35

Cordel reports solid operational progress

(Sharecast News) - Transport technology specialist Cordel Group said in an update on Tuesday that the $6.7m contract with Amtrak was progressing favourably.

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11 Mar 2024 12:17

Cordel finance chief to take six-month sabbatical

(Sharecast News) - Cordel Group announced Monday that its chief financial officer, Thouraya Walker, would be taking a sabbatical of up to six months.

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11 Mar 2024 11:31

Cordel names interim CFO as Walker takes six month sabbatical

(Alliance News) - Cordel Group PLC on Monday said its Chief Financial Officer Thouraya Walker is taking a sabbatical for up to six months.

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14 Feb 2024 12:45

Cordel inks more permanent contract for HS1 data

(Sharecast News) - Cordel Group announced on Tuesday that it had initiated data-as-a-service monitoring for Network Rail High Speed.

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14 Feb 2024 11:27

Cordel shares jump on starting DaaS monitoring for High Speed One

(Alliance News) - Cordel Group PLC on Wednesday said it began its data-as-a-service monitoring for Network Rail (High Speed) Ltd, which maintain the railway infrastructure for High Speed One.

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22 Jan 2024 11:59

Cordel takes hit as cost of sales surge; revenue more than doubles

(Alliance News) - Cordel Group PLC shares fell on Monday, despite reporting a narrowed interim loss as well as higher revenue.

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