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Pin to quick picksEcho Energy Share News (ECHO)

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UK TRADING UPDATE SUMMARY: Renalytix Teams With US Kidney Foundation

Wed, 02nd Dec 2020 19:50

(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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Renalytix AI PLC - artificial intelligence-enabled in vitro diagnostics company - Signs partnership with National Kidney Foundation. Partnership, Renalytix says, improve kidney disease diagnosis and assessment in the earliest stage of the disease that will ultimately guide clinical interventions and treatments for improved outcomes and quality of life. "The partnership with NKF, the leading American kidney patient advocacy organisation, will allow RenalytixAI to better consider the patient perspective and leverage the educational resources of the NKF to help improve patient quality of life, reduce suffering and potentially reduce the number of patients suffering from kidney failure," Michael Donovan, chief medical officer at RenalytixAI, says.

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Greencore Group PLC - Irish manufacturer of convenience foods - Notes completion of sale of its molasses trading businesses to United Molasses Marketing. Greencore agreed the GBP15.6 million sale in late July. The convenience foods manufacturer said the core activities of its molasses trading businesses - namely Premier Molasses - are the import and distribution of animal feed across Ireland.

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Mercia Asset Management PLC - specialist asset manager focused on small and medium enterprises - Nets GBP284,000 in performance fees as investment advisor to Northern Venture Trust PLC. Chief Executive Mark Payton says: "It is very encouraging to see the recovery in net asset value per share of Northern Venture Trust PLC, as well as similar recoveries in net asset value per share for both Northern 2 VCT PLC and Northern 3 VCT PLC. This recovery in asset prices is consistent with what we are seeing in our own direct investment portfolio."

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Yourgene Health PLC - molecular diagnostics company - Welcomes the Clinical Commissioning Urgent Policy Statement, published by NHS England. Says statement supports the use of Yourgene's oncology product, Elucigene DPYD test, which is already routinely being used in Wales. There are seven Genomic testing hubs in the NHS and currently three out of the seven are using the company's DPYD kits. Chief Executive Lyn Rees adds: "We are thrilled to see NHS England issue this statement, recommending that DPYD testing is routinely carried out prior to cancer treatment, highlighting the importance of such test and improving care for cancer patients. It's rewarding to see this has been published so soon after becoming the sole supplier of DPYD in Wales and we look forward to seeing this market grow further."

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WANdisco PLC - software company specialised in the area of distributed computing - existing relationship with IBM has been extended to integrate WANdisco's LiveData Migrator, into IBM's Big Replicate solution. "LiveData Migrator will allow IBM customers to seamlessly migrate on-premise data to hybrid cloud and multi-cloud infrastructures," company says. Chief Executive David Richards adds: "We have been working successfully with IBM for four years and it is exciting to see our partnership evolve to encompass LiveData Migrator, our latest product, and provide IBM customers with the ability to start moving data at petabyte-scale to the cloud in minutes. With legacy Hadoop platforms being retired over the next 12 months, there is an immediate need for enterprises to consider their choices for their next-generation analytics platforms."

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Ediston Property Investment Co PLC - invests in three commercial property sectors: office, retail and industrial - Declares interim dividend for period to November 30, of 0.3333 pence, unchanged from its previous dividend. Notes rent collection in the fourth quarter in line with previous forecasts. If the tenants who pay their rent monthly continue to do so, it is projected that the company will collect 94% of the rent due for the fourth quarter.

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Mode Global Holdings PLC - bitcoin banking app - Says trading volumes surged 950% in November compared to August and assets under custody increased by 210%, as more customers used the Mode app to buy and hold Bitcoin. Notes 80% of trades were purchases. Executive Chair Jonathan Rowland says: "We've seen unprecedented interest in buying and holding Bitcoin just as the market rally really took off. That coincided with the chaotic US elections that brought with it market volatility, as well as a second UK lockdown with all the economic uncertainty this entails." Mode says increase in trading volumes and assets under custody mirrors the strong performance of Bitcoin over the last few months, which has gained as much as 75% in US dollar terms since August and is up almost 300% since March's low this year.

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Tissue Regenix Group PLC - medical technology company, focusing on the development of regenerative products - Notes first delivery of OrthoPure XT has taken place with additional shipments expected in early 2021. OrthoPure XT is a decellularized porcine tendon, developed using the company's patented dCELL technology. It was granted CE Mark approval in June 2020 for the reconstruction of knee ligaments to restore function and stability. Chief Executive Daniel Lee says: "Our plan is to establish an initial distribution network for OrthoPure XT and expand as procedural levels return. This will be a key product for the group in Europe and highlights the need, and demand, for biologic solutions outside of the current US market. It is a testament to the work of our processing and commercial teams that we have secured distribution agreements and delivery of the product has remained on-track despite the challenges presented during 2020."

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Block Energy PLC - oil and gas exploration and production company focused on Georgia - Plans placing and subscription to raise up to GBP5 million. The issue price and the final number of new shares to be issued in the fundraising will be determined following the close of the bookbuild.

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Bango PLC - mobile commerce company and direct carrier billing service provider - Partners with DocuBay, to distribute memberships for the international global video on-demand platform. Under the deal, Bango Resale technology and partnerships "will power DocuBay's growth plans to increase availability to more audiences around the world, expanding its global presence and growing its user base," company says. Bango adds: "Through this Bango partnership, telecommunications companies, retailers and other mass-market consumer businesses can now offer their users bundled subscriptions to DocuBay's entertainment suite, using Bango Resale technology. Bundling desirable products with first-party services creates powerful offers that attract and retain more customers."

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Echo Energy PLC - Latin American focused energy company - Confirms conclusion of the change in the Argentine value added tax status of subsidiary Eco Energy TA Op. Eco Energy holds a 25% interest in the Santa Cruz Sur assets of Echo's total 70% interest. As a result and with effect from December 1, 2020, the xubsidiary will not be required to pay VAT retentions on invoiced domestic income. Prior to confirmation of this change, the subsidiary had been required to pay VAT retentions of 10.5% on domestic sales revenues.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
18 Apr 2023 10:48

Echo Energy sees fall in quarterly oil & gas production in Argentina

(Alliance News) - Echo Energy PLC said on Tuesday its cash balances have "significantly weakened" amid fall in Argentine production and high inflation.

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3 Feb 2023 16:30

TRADING UPDATES: Altona extends repayment; Kefi advances Saudi Arabia

(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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13 Jan 2023 11:08

Echo Energy fourth-quarter production up; aims to accelerate growth

(Alliance News) - Echo Energy PLC on Friday said production was up in the fourth quarter, as it targets the reopening of more wells.

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6 Dec 2022 17:47

Echo Energy completes reactivation of Chorillos wells at Santa Cruz

(Alliance News) - Echo Energy PLC on Tuesday said it has successfully reactivated three wells in the Chorillos field, after a dormant period of four years.

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6 Dec 2022 12:37

Echo Energy reactivates three Chorillos wells

(Sharecast News) - Latin America-focussed Echo Energy updated the market on progress with the reactivation of three wells in the Chorillos field on Tuesday, which it first announced on 10 November.

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2 Dec 2022 14:45

Echo Energy submits shares to AIM on completion of debt restructuring

(Alliance News) - Echo Energy PLC on Friday said that, following the completion of its balance sheet restructuring, it has made an application for over three billion shares to be admitted to trading on AIM.

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2 Dec 2022 12:39

Echo Energy set to complete its debt restructuring

(Sharecast News) - Latin America-focussed Echo Energy announced the completion of its debt restructuring and issue of equity on Friday.

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11 Nov 2022 15:24

TRADING UPDATES: De La Rue defends chair; Resolute Mining fundraise

(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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10 Nov 2022 14:35

Echo Energy makes good progress at Santa Cruz Sur

(Sharecast News) - Latin America-focussed Echo Energy updated the market on progress in the execution of the Santa Cruz Sur assets production and infrastructure enhancement plan on Thursday, which it first announced on 7 July.

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18 Oct 2022 15:18

IN BRIEF: Echo Energy debt holders agree to restructuring plan

Echo Energy PLC - producing from Santa Cruz Sur project, onshore Argentina - On Thursday last week, holders of EUR20.0 million in 8.0% secured notes issued by Echo agree to restructure the notes. Note holders representing EUR10.5 million in notes approved the plan by 67%. The deal, if approved by Echo shareholders at a general meeting called for Monday next week, will see EUR15.0 million of debt principal, plus accrued interest, will be converted into new shares at 0.45 pence per share. Earlier in the week, Echo had reported that it produced 392,253 barrels of oil equivalent in the first nine months of 2022, with net production increasing in the third quarter from the second.

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30 Sep 2022 22:02

EARNINGS SUMMARY: Echo Energy, Enwell Energy, Sivota revenue rises

(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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28 Sep 2022 08:11

IN BRIEF: Echo Energy completes first stage of Santa Cruz Sur plan

Echo Energy PLC - London-based energy company focused on Latin America - Says it has successfully completed "first operational priority" of Santa Cruz Sur plan. The plan, announced in July, aims to materially lift output at Santa Cruz Sur. Echo Energy says all three power generational units are fully operational in the Cerro Molino Oeste, El Indio Oeste and Oceano fields. They will provide power to support "existing and future production levels".

Read more
22 Sep 2022 15:49

UK shareholder meetings calendar - next 7 days

Friday 23 September 
Accsys Technologies PLCAGM
Biffa PLCAGM
Bradda Head Lithium LtdAGM
Fusion Antibodies PLCAGM
In The Style Group PLCAGM
Safestay PLCAGM
Wise PLCAGM
Monday 26 September 
Babcock International Group PLCAGM
Eastinco Mining & Exploration PLCAGM
Eckoh PLCAGM
ECO Animal Health Group PLCAGM
Great Eastern Energy Corp LtdAGM
Lamprell PLCEGM re delisting
Mediclinic International PLCCourt & GM re takeover by Remgro, SAS
RPS Group PLCGM cash offer agreement
Tuesday 27 September 
Bens Creek Group PLCAGM
Cohort PLCAGM
daVictus PLCAGM
Downing Four VCT PLCAGM
Empyrean Energy PLCAGM
First Property Group PLCAGM
GRC International Group PLCAGM
Incanthera PLCAGM
Knights Group Holdings PLCAGM
Miton UK MicroCap Trust PLCAGM
Redde Northgate PLCAGM
Smoove PLCAGM
Spectral MD Holdings LtdAGM
TP Group PLCGM re annual report
Yourgene Health PLCAGM
Wednesday 28 September 
600 Group PLCAGM
Aberdeen New India Investment Trust PLCAGM
Amigo Holdings PLCAGM
AO World PLCAGM
AssetCo PLCGM re authority to repurchase shares
Baltic Classifieds Group PLCAGM
DWF Group PLCAGM
Enwell Energy PLCAGM
Intercede Group PLCAGM
Kainos Group PLCAGM
Kromek Group PLCAGM
NWF Group PLCAGM
Ormonde Mining PLCGM sale of La Zarza Landholding
Oxford Cannabinoid Technologies Holdings PLCAGM
Scholium Group PLCAGM
System1 Group PLCAGM
Thursday 29 September 
ActiveOps PLCAGM
Chill Brands Group PLCAGM
Coral Products PLCAGM
Echo Energy PLCGM re approval of annual report
Jaywing PLCGM re funding
Orient Telecoms PLCAGM
President Energy PLCGM proposed capital reorganization
Samarkand Group PLCAGM
TransGlobe Energy CorpGM re merger with Vaalco Energy Inc
Ted Baker PLCGM re shareholders vote on acquisition by ABG 
Vaalco Energy IncGM re merger with TransGlobe Energy Corp
Van Elle Holdings PLCAGM
Walker Crips Group PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
6 Sep 2022 14:51

EARNINGS SUMMARY: Alumasc ups annual payout; PCI-PAL loss narrows

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

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30 Aug 2022 20:17

TRADING UPDATES: DP Poland finds new CFO; Spectral MD wins new money

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

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