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Pin to quick picksAmala Foods Plc Share News (DISH)

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EARNINGS SUMMARY: Great Southern loss widens, Walkers Crips profit up

Mon, 31st Jul 2023 21:57

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

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Great Southern Copper PLC - copper-gold exploration company focused in Chile - In the financial year that ended March 31, pretax loss widens to GBP1.3 million from GBP1.0 million a year earlier, both years made up entirely of administrative expenses as it focuses on progressing its Especularita and San Lorenzo projects in Chile. Chief Executive Officer Sam Garrett says: "The discovery of an intrusive-related copper-gold system at San Lorenzo, as well as high-grade copper-gold prospects at Especularita, has established a strong platform for the company to build from in the future. The green transition has underscored the importance of key strategic minerals such as copper, and this continuing trend is expected to bolster demand, particularly in light of the supply shortages foreshadowing this transition. Our exploration work over the past year has highlighted the significant potential of our projects, and the board looks forward to advancing with exploration campaigns to further understand the numerous promising targets identified at our two projects."

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Walker Crips Group PLC - London-based stockbroker and asset manager - In the financial year that ended March 31, pretax profit mutliplies to GBP632,000 from GBP206,000 a year earlier. Revenue falls to GBP31.6 million from GBP32.8 million, while commissions and fees paid falls to GBP7.3 million from GBP9.1 million. Declares final dividend of 0.25 pence, up from 1.20p. Chair Martin Wright says: "Although pleasing to report a year-on-year improvement in IFRS profitability, the underlying business has experienced reduced trading commissions, lower management fees, and increased costs in the challenging and uncertain economic conditions we faced during the year. We continue to focus on investing in our people and technology to drive the key initiatives that improve our working environment, customer service and ultimately operating margins and profitability, including fully embracing regulatory change and preparations for the new consumer duty regulation."

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Rockpool Acquisitions PLC - Special purpose acquisition company formed to acquire Northern Irish-based engineering and manufacturing holding company Amcomri Group Ltd - In the financial year that ended March 31, swings to pretax loss of GBP297,089 from a profit of GBP56,654, as administrative expenses multiply to GBP296,411 from GBP36,011. Posts no "other income" from GBP65,381, while it also posts no financial income from GBP99.405 a year earlier. Non-Executive Chair Richard Beresford says: "I look forward to a positive year ahead which will hopefully see the completion of the Amcomri acquisition, a return to trading of the company's shares and, with that, the completion of the first key period of the company's existence."

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More Acquisitions PLC - special purpose acquisition company - In the six months that ended April 30, operating loss and pretax loss is GBP360,481. In comparison, in the 13 months that ended October 31 since it incorporated as a company, operating loss was GBP113,639. It is yet to post a revenue. Says the search for a suitable acquisition target resumed following the withdrawal of Megasteel Ltd from the proposed reverse takeover. Chair Charles Goodfellow says: "The company continues to search for an acquisition target and will be providing further updates concerning the acquisition search process in due course."

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Amala Foods PLC - cash shell - In the financial year that ended March 31, pretax loss narrows to GBP440,076 from GBP1.1 million a year earlier. Posts no revenue again, while various expenses fall: administrative expenses down to GBP269,967 from GBP357,656; does not post an impairment expense from GBP204,656 a year earlier; share-based payments down to GBP16,441 from GBP332,232. Chair Jonathan Morley-Kirk says: "The directors are actively seeking to identify new opportunities for the company with a view to identifying and completing a successful transaction resulting in a reverse takeover."

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Semper Fortis Esports PLC - London-based professional e-sports team operator - In the financial year that ended January 31, pretax loss narrows to GBP578,309 from GBP1.2 million a year earlier. Revenue multiplies to GBP100,977 from GBP31,629, while operating and administrative expenses halve to GBP679,286 from GBP1.3 million. Chair Keith Harris says: "In the prior year financial statements we advised that despite growth in the sector, monetisation had remained a key challenge for all esports organisations globally and that due to economic uncertainty and difficult capital market conditions, the company intended to significantly reduce its overheads and conserve cash. This is exactly what we have done. We chose not to renew the contracts of our esports talent and reduced other overheads where we could, whilst looking at various different strategies for the company.

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By Greg Rosenvinge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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24 Apr 2024 16:02

EARNINGS AND TRADING: Nichols trading in line; Ondine revenue doubles

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

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4 Jan 2024 20:34

IN BRIEF: Amala Foods says planned takeover of Dialysis progressing

Amala Foods PLC - cash shell - Says planned reverse takeover of Dialysis Care Plus Inc, as announced in early November, is progressing, adding that some regulatory consents are still outstanding. Says there can be no guarantee that the proposed reverse takeover will be concluded. The company says it is "confident" that the takeover will be concluded before the end of the first quarter of 2024.

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1 Dec 2023 17:34

IN BRIEF: Amala expects to complete reverse takeover in early 2024

Amala Foods PLC - cash shell - Says planned reverse takeover of Dialysis Care Plus Inc, as announced in early November, is progressing, and that it is confident it will complete the transaction before the end of the first quarter of 2024. Shares will remain suspended while the transaction is ongoing. Says, nothwithstanding the combined market capitalisations of the target and the company being anticipated to be less than GBP30 million, as Amala was deemed to be a cash shell immediately before December 3, 2021, it falls within the scope of the transitional provisions according to listing rules. Also notes there remain "a number of regulatory consents unrelated to the post transaction market capitalisation that are normal for a transaction of this type that need to be obtained prior to the proposed reverse rakeover being concluded." Says: "Therefore, there can be no guarantee that the proposed reverse takeover will be concluded". Says it will update the market in "due course".

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9 Nov 2023 13:47

EARNINGS AND TRADING: MetalNRG hails Gold Ridge findings

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

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9 May 2023 18:40

IN BRIEF: Amala Foods reviews reverse takeover options

Amala Foods PLC - cash shell - Further to announcement of April 19, says the company has been reviewing several potential transactions and has prepared a shortlist of reverse takeover opportunities in various sectors including healthcare, natural resources, and technology. Points out it has sufficient funding to undertake a reverse takeover.

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19 Apr 2023 12:28

Amala Foods shares re-admitted as considers potential takeover

(Alliance News) - Amala Foods PLC on Wednesday confirmed that its shares have been re-admitted to trading on the Standard segment of London's Main Market, but it is considering a reverse takeover so a suspension may loom.

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31 Mar 2023 17:22

TRADING UPDATES: Parkmead profit hurt by impairment; Shearwater warns

(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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31 Mar 2023 14:33

EARNINGS SUMMARY: Dignity swings to loss; Restaurant Group loss widens

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

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17 Mar 2023 14:01

Amala Foods cancels agreement with Terra Rara on lengthy due diligence

(Alliance News) - Amala Foods PLC on Friday said that it has terminated a proposed transaction with Terra Rara UK Ltd, after identifying administrative issues with the company's mining assets through due diligence.

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23 Dec 2022 15:47

UK shareholder meetings calendar - next 7 days

Monday 26 December 
no events scheduled 
Tuesday 27 December 
Zambeef Products PLCAGM
Wednesday 28 December 
Evrima PLCAGM
Greencare Capital PLCGM re proposed name change
Lift Global Ventures PLCGM re proposed expansion within the energy sector
Thursday 29 December 
Amte Power PLCAGM
ADVFN PLCAGM
Genedrive PLCAGM
Hotel Chocolat Group PLCAGM
Lekoil LtdEGM re proposed settlement and name change
Online Blockchain PLCAGM
PetroNeft Resources PLCAGM
SkinBioTherapeutics PLCAGM
Friday 30 December 
Amala Foods PLCAGM
Apollon Formularies PLCAGM
Europa Metals LtdGM re Denarius transaction
Goldplat PLCAGM
Ncondezi Energy LtdAGM
Ross GroupAGM
Secure Property Development & Investment PLCAGM
Time Out Group PLCAGM
  
Copyright 2022 Alliance News Ltd. All Rights Reserved.

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23 May 2022 14:41

Amala Foods agrees to buy rare earth elements company Terra Rara UK

(Alliance News) - Amala Foods PLC on Monday said it has agreed to buy Terra Rara UK Ltd wholly in shares.

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16 Mar 2022 11:35

IN BRIEF: Amala Foods says will complete rare earths acquisition soon

Amala Foods PLC - Jersey-based food technology firm formerly known as BigDish - Says sales and purchase agreement for transaction with Terra Rara UK Ltd will be executed "in the near term". This follows previous announcements that it will repurpose its public listing with the acquisition of Terra Rara, a rare earth elements company.

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10 Mar 2022 10:50

SMALL-CAP WINNERS & LOSERS: James Fisher withholds shareholder payout

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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2 Mar 2022 19:27

TRADING UPDATES: Eden Research, Abingdon guide for weaker results

(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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