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Pin to quick picksDuke Capital Share News (DUKE)

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TRADING UPDATES: Chapel Down sales pop; Serabi output rises

Thu, 20th Jul 2023 20:06

(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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Chapel Down Group PLC - Tenterden, Kent-based sparkling wine maker - Net sales in first-half ended June 30 surge 21% to GBP8.4 million, from GBP6.9 million a year prior. Chapel Down adds: "Total wine volumes increased 6% to 732,000 with traditional method sparkling volumes up 32% to 428,000, reflecting the continued successful delivery of our premiumisation strategy." As well as volumes rising, prices increase 16%. Off-trade sales alone are up 25%. Off-trade refers to channels such as supermarkets and online stores, contrasting with on-trade, which includes bars and nightclubs. Chapel Down adds: "The group continues to trade strongly, and the board remains confident of a continuing strong performance in H2."

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Serabi Gold PLC - Brazil-focused gold mining and development company - Second quarter gold production totals 8,518 ounces, up 6.4% from first-quarter and rising 1.2% on-year. CEO Mike Hodgson says: "An excellent second quarter to follow the first quarter production of 8,005 ounces, keeps the company on course to meet its guidance for this year of between 33,500 to 35,000 ounces. The quarter saw improved grades coming from Palito, along with continued high grade development ore from Coringa."

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Beowulf Mining PLC - Sweden, Finland and Kosovo-focused mining company - Finnish unit Grafintec Oy completes first-stage of process design for a graphite anode materials plant at GigaVaasa, Finland. Process forms part of wider pre-feasibility study. Study confirms post-tax net present value, using a discount rate of 8%, of USD242 million. Study suggests plant capacity of 20,000 tonnes per year and an "initial operating period of 10 years with the potential to be longer". Annual earnings before interest, tax, depreciation and amortisation of USD79 million expected. "The study confirms that the GAMP is technically and financially feasible and supports the progress of the project to the next stage of development, including coating testwork at laboratory and pilot plant scale in combination with optimisation of the process design. Further studies also include, but are not limited to, equipment selection, continued discussions and cooperation with technology partners, raw-material sourcing, engagement and pre-qualification testing with battery cell manufacturers," Beowulf adds.

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Xtract Resources PLC - Australia and Africa-focused resource, development and mining company - Completes metallurgical test work at Bushranger copper and gold project in Australia. Results suggest "significant upgrades to copper mineralisation in the pre-concentrated product" can be achieved, Executive Chair Colin Bird says.

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Jadestone Energy PLC - oil and gas production company focused on Asia-Pacific region - Leaves production, underlying costs and capital expenditure guidance unchanged. Says output in first-half falls 18% to around 12,300 barrels of oil equivalent per day, from 15,008 a year prior. Fall reflects shut-in of Montara until late-March. Half-year revenue declines 62% to USD86.7 million from USD225.6 million. Average realised oil price falls to USD86.2 a barrel, from USD109.5. Continues to expect annual underlying operating costs between USD180 million to USD210 million. Expects output between 13,500-17,000 boe per day, April to December inclusive. Still expects capex of USD110 million to USD140 million.

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Verici Dx PLC - Cardiff, Wales-based developer of clinical diagnostics for organ transplants - Gets compliance authorisation for operation of commercial clinical laboratory testing from an additional four US states, including all-important California. Now fully accredited in a total of 49 states. Verici adds: "Together with the CLIA certification previously obtained from the Centers for Medicare & Medicaid, clinicians at transplant medical centres in these additional states are now enabled to order Verici Dx's transplant tests, expanding the company's commercial reach. California has consistently accounted for over 10% of the national US volume of kidney transplant procedures in each year since 1998 and has conducted the highest volume of transplants by any state each year over the same period."

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Acuity RM Group PLC - provider of risk management services said the customer - Wins three year contract worth GBP388,000, with an option to extend for a fourth year for a further GBP125,000. Deal is for use of Acuity's cyber threat-managing software platform, Stream. User is in "an organisation within the British government", Acuity adds.

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KRM22 PLC - London-based technology and software investment company - Hails "good progress" in six months ended June 30. Says annual recurring revenue tops GBP5.0 million for first time since float in 2018, rising from GBP4.1 million in the first half of 2022. Total revenue for the half-year increases roughly 25% to GBP2.4 million from GBP1.9 million.

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Pittards PLC - Yeovil, Somerset-based leather goods producer - Concludes talks with a trade investor who will invest GBP1 million through issue of 25.0 million new shares at four pence each. The investment is yet to be finalised, and Pittards says that the investor will up to a further GBP124,000 by way of zero coupon unsecured convertible loan notes, should they be unable to make the GBP1 million backing. The backing is subject to Pittards raising GBP1.2 million of additional capital, entering new bank facilities and passing fundraising resolutions at a general meeting. If it does not raise the capital, it will be unable to continue trading and will likely enter administration, it warns.

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Duke Royalty Ltd - Europe and North America-focused alternative capital solutions provider - Announces GBP2.8 million follow-on investment into existing royalty partner InTec Business Solutions Ltd. Will fund InTec's latest acquisition and settlement deferred consideration of a previous buy. "The financing increases Duke's total investment into InTec to GBP23.9 million. The investment terms will remain in line with Duke's previous follow-on investment into InTec, including the normal 6% annual adjustment factor," the firm says. InTec is buying managed IT services provider Sweethaven Computers Ltd.

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Oberon Investments Group PLC - investment management, wealth planning and corporate broking group - Strikes deal to acquire Nexus Investment Management Ltd, from current owner Nexus Central Management Services Ltd. The acquisition target is manager of the Nexus Investments Evergreen EIS Scale-Up Fund. Oberon will fund the deal through the issue of 7.5 million shares, worth a total GBP292,500 at current market price. Shares in Aquis-listed Oberon closed at 3.90 pence each on Thursday. "The acquisition will contribute a profit before tax after management expenses and admin expenses and Oberon is focused on providing a seamless transfer of investment management services to investors in the Nexus EIS Fund," Oberon Investments says. "The Nexus EIS Fund has a 15-company strong portfolio across Digital, Data, EdTech and Health which strengthens Oberon's offering to investors who wish to benefit from Enterprise Investment Scheme tax relief and companies seeking EIS investment."

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Litigation Capital Management Ltd - asset manager specialising in dispute financing solutions - Reports "positive development" on investment in Fund I portfolio. Says funded party awarded USD76.7 million settlement. Claim relates to "breach of a bilateral investment treaty and brought under the International Centre For Settlement Of Investment Disputes Convention". LCM adds: "LCM's funded party has succeeded in the claim. If the award is not subject to challenge and is not satisfied the dispute will move to an enforcement stage. We will assess any further funding requirements once the enforcement strategy has been finalised." LCM has invested USD4 million in this dispute to date. Company adds: "LCM's returns are calculated as a rising multiple of invested capital over time. As such we cannot calculate our overall return on this investment until it concludes. The investment however is no longer attended with liability and quantum risk as that has been decided. Final performance will be announced to the market after conclusion of the investment."

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GCP Asset Backed Income Fund Ltd - London-based UK asset backed loan investor - Net asset value per share at end of June amounts to 93.96 pence, down 1.2% from end of March. GCP puts this down to "increase in discount rates in response to the prevailing interest rate and credit spread environment". Company adds: "The board and investment manager remain focused on addressing the discount to NAV at which the company's shares trade. Since the start of 2023, the company has purchased 8.525 million of its own shares and over 16 million since the commencement of the buyback strategy, to help support the share price, providing liquidity for those looking to dispose of shares, along with NAV accretion for remaining holders." Says further new investment is secondary to repaying revolving credit facility, trimming debt and buying back stock.

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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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1 Dec 2022 12:29

Duke Royalty growth continues in third quarter

(Sharecast News) - Alternative capital provider Duke Royalty updated the market on its trading in the third quarter on Thursday, saying it expected to achieve recurring cash revenue of £5.5m for the period.

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25 Nov 2022 12:16

IN BRIEF: Duke Royalty signs GBP5.0 million deal with New Path

Duke Royalty Ltd - Guernsey-based royalty finance provider - Enters into a GBP5.0 million royalty financing agreement with New Path Fire & Security Ltd. Says that the financing will be used to buy two complementary businesses under exclusivity and to refinance the existing senior debt in its business. Agrees to a total funding commitment of up to GBP20 million to support New Path's buy-and-build strategy to acquire profitable fire and securities services businesses.

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25 Nov 2022 11:41

Duke Royalty inks £5m funding deal with New Path

(Sharecast News) - Alternative capital provider Duke Royalty has entered into a £5m royalty financing agreement with New Path Fire and Security, it announced on Friday, further diversifying its revenue base.

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24 Nov 2022 15:43

UK earnings, trading statements calendar - next 7 days

Friday 25 November 
Breedon Group PLCTrading Statement
Caffyns PLCHalf Year Results
Devro PLCTrading Statement
Mothercare PLCHalf Year Results
Monday 28 November 
Brickability Group PLCHalf Year Results
Cerillion PLCFull Year Results
Home REIT PLCHalf Year Results
Induction Healthcare Group PLCFull Year Results
JLEN Environmental Assets Group LtdHalf Year Results
Kinovo PLCHalf Year Results
Serinus Energy PLCQ3 Results
Tuesday 29 November 
ActiveOps PLCHalf Year Results
Altitude Group PLCHalf Year Results
Amaroq Minerals LtdQ3 Results
Atrato Onsite Energy PLCFull Year Results
Cordiant Digital Infrastructure LtdHalf Year Results
easyJet PLCFull Year Results
First Property Group PLCHalf Year Results
GB Group PLCHalf Year Results
Greencore Group PLCFull Year Results
Marston's PLCFull Year Results
Record PLCHalf Year Results
Renew Holdings PLCFull Year Results
Shaftesbury PLCFull Year Results
Shearwater Group PLCHalf Year Results
Supreme PLCHalf Year Results
Topps Tiles PLCFull Year Results
Treatt PLCFull Year Results
Victoria PLCHalf Year Results
VP PLCHalf Year Results
Wise PLCTrading Statement
Wednesday 30 November 
Carclo PLCHalf Year Results
D4T4 Solutions PLCHalf Year Results
Future PLCFull Year Results
IG Design Group PLCHalf Year Results
Impax Asset Management Group PLCFull Year Results
LendInvest PLCHalf Year Results
Loungers PLCHalf Year Results
Mulberry Group PLCHalf Year Results
Ondo InsurTech PLCHalf Year Results
Pennon Group PLCHalf Year Results
Renalytix PLCQ1 Results
Thursday 1 December 
AJ Bell PLCFull Year Results
Auction Technology Group PLCFull Year Results
DSW Capital PLCHalf Year Results
Duke Royalty LtdHalf Year Results
Foresight Group Holdings LtdHalf Year Results
James Latham PLCHalf Year Results
Peel Hunt LtdHalf Year Results
Residential Secure Income PLCFull Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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22 Nov 2022 15:48

UK shareholder meetings calendar - next 7 days

Wednesday 23 November 
Crystal Amber Fund LtdAGM
CVS Group PLCAGM
Fidelity Asian Values PLCAGM
Genus PLCAGM
JPMorgan Russian Securities PLCGM re name change
Synergia Energy LtdAGM
Wilmington PLCAGM
Woolworths Holdings LtdAGM
Thursday 24 November 
Brikor LtdAGM
Cloudbreak Discovery PLCAGM
EnSilica PLCAGM
Fiske PLCAGM
MGC Pharmaceuticals LimitedAGM
Pacific Horizon Investment Trust PLCAGM
Pan African Resources PLCAGM
PZ Cussons PLCAGM
Zanaga Iron Ore Co LtdAGM
Friday 25 November 
600 Group PLCGM annual report
Aveva Group PLCGM and Court Meeting re Schenider Electric takeover offer
Base Resources LtdAGM
European Metals Holdings LtdAGM
Neometals LtdAGM
Quadrise Fuels International PLCAGM
ScS Group PLCAGM
Sylvania Platinum LtdAGM
Windar Photonics PLCGM re placing of new ordinary shares
Monday 28 November 
Crown Place VCT PLCAGM
European Smaller Cos Trust PLCAGM
JPMorgan Global Emerging Markets Income Trust PLCAGM
PRS REIT PLCAGM
Psych Capital PLCAGM
Seeing Machines LtdAGM
Tuesday 29 November 
Aura Energy LtdAGM
Bluefield Solar Income Fund LtdAGM
Castillo Copper LtdAGM
Challenger Energy Group PLCAGM
CT Property Trust LtdAGM
Duke Royalty LtdAGM
Esken LtdEGM re borrowings approval
Mosman Oil & Gas LtdAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
8 Sep 2022 20:43

EARNINGS SUMMARY: Open Orphan name change; Secured Income winds down

(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 Sep 2022 10:26

Canaccord Genuity nudges up target price on Duke Royalty

(Sharecast News) - Analysts at Canaccord Genuity nudged up their target price on diversified financial group Duke Royalty from 53.0p to 54.0p on Thursday, citing "material growth" throughout the trading year.

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1 Sep 2022 15:59

UK earnings, trading statements calendar - next 7 days

Friday 2 September 
Ashmore Group PLCFull Year Results
Monday 5 September 
Belvoir Group PLCHalf Year Results
Dechra Pharmaceuticals PLCFull Year Results
Tuesday 6 September 
Accrol Group Holdings PLCFull Year Results
Alumasc Group PLCFull Year Results
Ashtead Group PLCQ1 Results
Capricorn Energy PLCHalf Year Results
Gamma Communications PLCHalf Year Results
Headlam Group PLCHalf Year Results
Inspired PLCHalf Year Results
IQE PLCHalf Year Results
Lords Group Trading PLCHalf Year Results
Luceco PLCHalf Year Results
Michelmersh Brick Holdings PLCHalf Year Results
Midwich Group PLCHalf Year Results
NCC Group PLCFull Year Results
PCI-PAL PLCFull Year Results
Pebble Group PLCHalf Year Results
Quixant PLCHalf Year Results
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Wednesday 7 September 
Bakkavor Group PLCHalf Year Results
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WH Smith PLCTrading Statement
Thursday 8 September 
Arecor Therapeutics PLCHalf Year Results
Cairn Homes PLCHalf Year Results
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Darktrace PLCFull Year Results
Destiny Pharma PLCHalf Year Results
Duke Royalty LtdFull Year Results
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Energean PLCHalf Year Results
Funding Circle Holdings PLCHalf Year Results
Genus PLCFull Year Results
International Public Partnerships LtdHalf Year Results
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Mpac Group PLCHalf Year Results
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Shield Therapeutics PLCHalf Year Results
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Spire Healthcare Group PLCHalf Year Results
Sylvania Platinum LtdFull Year Results
Vistry Group PLCHalf Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
19 May 2022 16:11

REPEAT: UK shareholder meetings calendar - next 7 days

Friday 20 May  
Bank of Cyprus Holdings PLCAGM
Croda International PLCAGM
Deliveroo PLCAGM
Georgia Capital PLCAGM
Hikma Pharmaceuticals PLCEGM re capital reduction
Keywords Studios PLCAGM
Real Estate Investors PLCAGM
Reckitt Benckiser Group PLCAGM
Resolute Mining LtdAGM
Restore PLCAGM
Monday 23 May 
Brewin Dolphin Holdings PLCGM re acquisition by RBC Wealth Management
Digital 9 Infrastructure PLCAGM
Empiric Student Property PLCAGM
TMT Investments PLCAGM
Tuesday 24 May 
4imprint Group PLCAGM
Afentra PLCAGM
Artisanal Spirits Co PLCAGM
Bidstack Group PLCAGM
Epwin Group PLCAGM
FDM Group Holdings PLCAGM
Forterra PLCAGM
Harworth Group PLCAGM
Henderson High Income Trust PLCAGM
Hill & Smith Holdings PLCAGM
Hilton Food Group PLCAGM
Horizonte Minerals PLCAGM
Judges Scientific PLCAGM
Pebble Group PLCAGM
Quarto Group IncAGM
Restaurant Group PLCAGM
Riverstone Energy LtdAGM
Shell PLCAGM
Thungela Resources LtdAGM
Vector Capital PLCAGM
WPP PLCAGM
Wednesday 25 May  
Access Intelligence PLCAGM
Amur Minerals CorpAGM
Aston Martin Lagonda Global Holdings PLCAGM
Bakkavor Group PLCAGM
Bango PLCAGM
Bodycote PLCAGM
Eleco PLCAGM
International Public Partnerships LtdAGM
Intertek Group PLCAGM
M&G PLCAGM
Manx Financial Group PLCAGM
Mortgage Advice Bureau Holdings PLCAGM
Property Franchise Group PLCGM re final 2021 dividend
Regional REIT LtdAGM
Sabre Insurance Group PLCAGM
Trustpilot Group PLCAGM
Tullow Oil PLCAGM
Zenova Group PLCAGM
Zotefoams PLCAGM
Thursday 26 May
 
Aminex PLCAGM
Bank of Ireland Group PLCAGM
Belvoir Group PLCAGM
Central Asia Metals PLCAGM
Curtis Banks Group PLCAGM
Diaceutics PLCAGM
Duke Royalty LtdEGM re fundraise
East Star Resources PLCAGM
Energean PLCAGM
Henry Boot PLCAGM
Hochschild Mining PLCAGM
Legal & General Group PLCAGM
National World PLCAGM
Ocean Wilsons Holdings LtdAGM
OnTheMarket PLCGM re cancellation of capital
Prudential PLCAGM
S&U PLCAGM
Staffline Group PLCAGM
Strix Group PLCAGM
WAG Payment Solutions PLCAGM
Yu Group PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
19 May 2022 16:00

UK shareholder meetings calendar - next 7 days

Friday 20 May  
Bank of Cyprus Holdings PLCAGM
Croda International PLCAGM
Deliveroo PLCAGM
Georgia Capital PLCAGM
Hikma Pharmaceuticals PLCEGM re capital reduction
Keywords Studios PLCAGM
Real Estate Investors PLCAGM
Reckitt Benckiser Group PLCAGM
Resolute Mining LtdAGM
Restore PLCAGM
Monday 23 May 
Brewin Dolphin Holdings PLCGM re acquisition by RBC Wealth Management
Digital 9 Infrastructure PLCAGM
Empiric Student Property PLCAGM
TMT Investments PLCAGM
Tuesday 24 May 
4imprint Group PLCAGM
Afentra PLCAGM
Artisanal Spirits Co PLCAGM
Bidstack Group PLCAGM
Epwin Group PLCAGM
FDM Group Holdings PLCAGM
Forterra PLCAGM
Harworth Group PLCAGM
Henderson High Income Trust PLCAGM
Hill & Smith Holdings PLCAGM
Hilton Food Group PLCAGM
Horizonte Minerals PLCAGM
Judges Scientific PLCAGM
Pebble Group PLCAGM
Quarto Group IncAGM
Restaurant Group PLCAGM
Riverstone Energy LtdAGM
Shell PLCAGM
Thungela Resources LtdAGM
Vector Capital PLCAGM
WPP PLCAGM
Wednesday 25 May  
Access Intelligence PLCAGM
Amur Minerals CorpAGM
Aston Martin Lagonda Global Holdings PLCAGM
Bakkavor Group PLCAGM
Bango PLCAGM
Bodycote PLCAGM
Eleco PLCAGM
International Public Partnerships LtdAGM
Intertek Group PLCAGM
M&G PLCAGM
Manx Financial Group PLCAGM
Mortgage Advice Bureau Holdings PLCAGM
Property Franchise Group PLCGM re final 2021 dividend
Regional REIT LtdAGM
Sabre Insurance Group PLCAGM
Trustpilot Group PLCAGM
Tullow Oil PLCAGM
Zenova Group PLCAGM
Zotefoams PLCAGM
Thursday 26 June 
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Bank of Ireland Group PLCAGM
Belvoir Group PLCAGM
Central Asia Metals PLCAGM
Curtis Banks Group PLCAGM
Diaceutics PLCAGM
Duke Royalty LtdEGM re fundraise
East Star Resources PLCAGM
Energean PLCAGM
Henry Boot PLCAGM
Hochschild Mining PLCAGM
Legal & General Group PLCAGM
National World PLCAGM
Ocean Wilsons Holdings LtdAGM
OnTheMarket PLCGM re cancellation of capital
Prudential PLCAGM
S&U PLCAGM
Staffline Group PLCAGM
Strix Group PLCAGM
WAG Payment Solutions PLCAGM
Yu Group PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
11 May 2022 14:25

IN BRIEF: Duke Royalty raises GBP20 million in placing and PrimaryBid

Duke Royalty Ltd - Guernsey-based royalty finance provider - Says it has successfully raised GBP18.5 million in placing of 1.5 million shares at 35 pence each, as well as a further GBP1.5 million through PrimaryBid offer. Placing is conditional on shareholder approval at the extraordinary general meeting on May 26.

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10 May 2022 19:21

IN BRIEF: Duke Royalty to raise up to GBP15 million in placing

Duke Royalty Ltd - Guernsey-based royalty finance provider - Plans to raise GBP15 million in accelerated bookbuild process in placing of 42.9 million shares at 35 pence each, as well as further GBP1.5 million through primary bid offer. Placing price is at discount of 9.7% to closing middle market price of 38.8p on Monday. Placing is conditional on shareholder approval at the extraordinary general meeting on May 26.

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28 Apr 2022 20:54

IN BRIEF: Duke Royalty invests GBP3.1 million into InTec Business

Duke Royalty Ltd - Guernsey-based royalty finance provider - Make follow-on investment of GBP3.1 million into existing royalty partner InTec Business Solutions Ltd in order to fund its latest acquisition.

Read more
20 Apr 2022 21:13

TRADING UPDATES: Tatton assets grow; Intosol needs funds

(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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11 Apr 2022 22:01

TRADING UPDATES: Manolete caution; tinyBuild buys in Russia-Ukraine

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

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