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(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;Â lucyheming@alliancenews.com
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