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Pin to quick picksDg Innovate Share News (DGI)

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EARNINGS UPDATES: Fidelity Special NAV up; Ferro-Alloy loss widens

Fri, 28th Apr 2023 18:26

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

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Fidelity Special Values PLC - invests in "underappreciated" companies primarily listed in the UK - Net asset value per share at February 28 half-year end amounts to 308.56 pence, up 8.4% from 284.67p at end of August 2022. "UK equities advanced during the period despite an uncertain economic outlook. The positive performance was mostly driven by blue chip stocks, with the FTSE 100 Index reaching an all-time high in February 2023, surpassing its previous record from May 2018. However, returns from medium and smaller companies were more subdued and they continued to lag their larger counterparts," company says. Recommends 2.53p per share interim dividend, up 10% from prior year.

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Ferro-Alloy Resources Ltd - Balasausqandiq vanadium deposit in southern Kazakhstan - Revenue in 2022 rises 33% to USD6.3 million, from USD4.7 million in 2021. Pretax loss widens to GBP4.3 million from GBP2.8 million. "Although operations during the year were severely impacted by difficulties importing raw materials, the group has made significant progress with the development of the existing operation," Ferro-Alloy says. In addition, firm receives results from revised mineral resource estimate for ore body at Balasausqandiq deposit. Estimate includes indicated mineral resource of 32.9 million tonnes.

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Sylvania Platinum Ltd - South Africa-focused platinum miner - Net revenue in third quarter ended March 31 falls 28% annually to USD26.5 million from USD37.1 million. Net profit falls 55% to USD6.1 million from USD13.6 million. Says Sylvania Dump Operations produce 17,926 4E platinum group metals ounces in third quarter, down from 19,276 in second. Ups annual guidance to 72,000 to 74,000 4E PGM ounces amid "strong production to date".

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DG Innovate PLC - electric mobility and energy storage company - Reports revenue of GBP4.3 million in 2022, compared to none in 2021. Pretax loss widens to GBP7.9 million, from GBP700,138. Bottom-line hurt by GBP5.1 million worth of reverse acquisition expenses.

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AltynGold PLC - mining, exploration and development company, with assets in Kazakhstan - Revenue in 2022 rises 23% to USD62.0 million from USD50.3 million in 2021. Pretax profit, however, falls 27% to USD13.4 million from USD19.3 million. Administrative expenses rise 67% to USD8.6 million. Results for 2022 are so far unaudited. Company says unable to publish full audited report by April 30 deadline. Auditor PKF Littlejohn LLP requests additional time to complete audit. Shares will be suspended from Tuesday, but company expects to publish report a week from now.

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Impellam Group PLC - Luton, England-based staffing firm - Revenue in year ended December 30 increases 12% to GBP2.53 billion from GBP2.26 billion. Pretax profit doubles to GBP13.2 million from GBP5.6 million. Both measures include discontinued operations. Without these, pretax profit jumps 64% to GBP16.1 million from GBP9.8 million. Revenue improves 23% to GBP1.95 billion from GBP1.58 billion.

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Non-Standard Finance PLC - Wakefield, West Yorkshire-based consumer lending firm - Revenue in 2022 declines by 25% to GBP98.3 million from GBP131.4 million in 2021. Pretax loss widens to GBP56.4 million from GBP29.6 million. "The group continued to face significant regulatory and financial challenges in 2022, many of which have continued into 2023," Non-Standard says. Net loan book reduced to GBP177 million from GBP208 million, due to administration of the home credit division. "Despite the ongoing uncertain macroeconomic and regulatory environment, the net loan book of the branch-based lending division increased by 6% from GBP157.2 million to GBP167.0 million," company adds. In addition, company says a court grants an order allowing Everyday Lending Ltd to meet with creditors to vote on a scheme of arrangement. The meeting is expected to take place on June 12. Under scheme, announced last month, GBP14 million will be available for payment to customers with valid redress claims.

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London & Associated Properties PLC - Investor in shopping centres and other retail properties - Net asset value per share at end of 2022 rises 9.7% to 38.14p from 34.78p. Like-for-like rental income improves 0.4%. "In the continuing difficult trading environment, this is considered positive," it says. Opts against recommencing dividend payments amid "current uncertain economic environment".

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World Chess PLC - London-based chess organisation seeking to promote "the mass market appeal of chess" - Revenue in 2022 falls 13% to EUR2.8 million from EUR3.2 million. Swings to pretax loss of EUR2.8 million from EUR5.5 million profit. "The past year has been an incredibly exciting and evolutionary time for the group as it prepared for the London Stock Exchange listing, while also adapting to the prolonged and ongoing impacts ensuing from Covid-19 and the Ukraine conflict. We remain confident that chess as a sport is continuing to grow and that World Chess will continue to facilitate and support this growth by bringing new and engaging products to the market," Chief Executive Officer Ilya Merenzon says.

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By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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TRADING UPDATES: Baron Oil surrenders licence; DG Innovate proposes JV

(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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7 Feb 2024 15:17

IN BRIEF: DG Innovate acquires "transformative" new equipment

DG Innovate PLC - Caerphilly, Wales-based electric mobility and energy storage company - Announces "transformative" acquisition of new equipment to improve operations across business lines. Purchase includes jet mill and furnace to enhance development of energy storage products, as well as a motor pilot production line and 3D manufacturing simulation software. Says the latter will move it closer to achieving at-scale manufacturing of its Pareta electric drive system, "increasing current production from just a handful of devices per year to around 1,000." Long-term, it will enable DGI to employ "the most efficient production configuration" as it further scales up production.

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29 Jan 2024 11:55

DG Innovate celebrates development deal for Pareta drive system

(Alliance News) - DG Innovate PLC on Monday said that it has signed a joint development agreement to develop systems for heavy goods vehicles applications.

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18 Jan 2024 18:26

TRADING UPDATES: Patent boosts for DG Innovate and Arecor Therapeutics

(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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8 Jan 2024 09:43

DG Innovate completes first phase of project for marine use of Pareta

(Alliance News) - DG Innovate PLC on Monday said it completed the first phase of its project to use its Pareta e-drive in marine applications.

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11 Dec 2023 11:57

LONDON MARKET MIDDAY: FTSE 100 makes slow start ahead of central banks

(Alliance News) - Stock prices in London were on the decline heading into Monday afternoon, with enthusiasm at a minimum ahead of an eventful week with central bank decisions on the horizon.

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28 Sep 2023 14:41

EARNINGS: Ovoca "to adapt" after study let-down, Kelso NAV rises

(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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19 Jul 2023 17:06

IN BRIEF: DG Innovate gets reorganisation, fundraising approval

DG Innovate PLC - Bradford, England-based electric mobility and energy storage company - Receives shareholder approval for placing and capital reorganisation. In June the company said it had raised GBP517,000 through a placing. In terms of the capital reorganisation, the company's shares will be subdivided into one new share of 0.01 pence each and one deferred share of 0.09 pence each.

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12 Jul 2023 15:56

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Thursday 13 July 
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BT Group PLCAGM
C&C Group PLCAGM
CT Automotive Group PLCAGM
Clontarf Energy PLCAGM
DCC PLCAGM
Donegal Investment Group PLCAGM
Dr Martens PLCAGM
Helical PLCAGM
Personal Assets Trust PLCAGM
Renewi PLCAGM
RS Group PLCAGM
Friday 14 July 
Templeton Emerging Markets Investment Trust PLCAGM
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Tower Resources PLCAGM
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e-Therapeutics PLCAGM
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Experian PLCAGM
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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22 Jun 2023 16:03

IN BRIEF: DG Innovate completes placing, floats capital sub-division

DG Innovate PLC - Bradford, England-based electric mobility and energy storage company - Conditionally raises GBP517,000 through the issue of 1.03 billion new shares at 0.05 pence per share. Appoints Peterhouse Capital Ltd as joint broker. Proceeds will primarily fund DG Innovate's ongoing commercialisation strategy for its Enhanced Drive and Enhanced Battery technology. Placing is subject to the passing of capital reorganisation resolutions at the upcoming annual general meeting. Company proposes to subdivide each existing share into one ordinary share of 0.01p each and one deferred share of 0.09p each. DG Innovate says this would create a differential between the shares' nominal value and market price, to facilitate future share issues.

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20 Apr 2023 11:48

DG Innovate shares rise as BRIST and BASE collaboration progresses

(Alliance News) - DG Innovate PLC said on Thursday it has agreed to a "detailed plan" to develop commercial offerings using its technology, alongside BRIST Axle Systems Srl and BASE Studio Arge ve Teknoloji Sanayi AS.

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