The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAmala Foods Plc Share News (DISH)

  • This share is currently suspended. It was suspended at a price of 0.1367

Share Price Information for Amala Foods Plc (DISH)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.1367
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.00 (0.00%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 0.1367
DISH Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: Dev Clever Has Momentum; Argo Blockchain Revenue Up

Wed, 03rd Feb 2021 10:58

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

----------

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.

----------

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.

----------

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.

----------

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.

----------

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.

----------

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.

----------

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.

----------

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.

----------

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.

----------

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.

----------

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.

----------

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
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:

Read more
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.

Read more
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".

Read more
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:

Read more
31 Jul 2023 21:57

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

(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:

Read more
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.

Read more
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.

Read more
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:

Read more
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:

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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:

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.