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TRADING UPDATES: Ensilica expects annual profit ahead of expectations

Wed, 03rd Aug 2022 15:57

(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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EnSilica PLC - Oxfordshire, England-based semiconductor designer and supplier with design centres in India and Brazil - Trades strongly for the year ended May 31, with revenue and Ebitda on-track to surpass expectations. Revenue is set to increase 76% to GBP15.1 million from GBP8.6 million the year before, while Ebitda hikes to GBP500,000 from GBP60,000. Looking ahead, EnSilica makes strong start to current financial year, supported by strong forward order book and new business pipeline.

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Ariana Resources PLC - gold producer in Turkey and explorer Kosovo and Cyprus - For the first half of 2022, production at the Kiziltepe mine in Turkey was 13,378 ounces of gold, 7% above forecast. As a a result, maintains gold output guidance for 2022 at 25,000 ounces.

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Proteome Sciences PLC - drug development services provider - Completes next milestone towards launch of Single Cell Proteomics services, with the installation of a cellenONE platform, which will allow the semi-automated preparation of up to 2,700 cells per week. Company believes that most commercial projects will need analysis of 500 to 1,000 cells using TMTpro multiplexing, and will be able to perform one to two such studies a week.

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Creo Medical Group PLC - Chepstow, Wales-based medical devices for surgical endoscopy - For the first half of 2022, expects revenue to rise at least 10% above figure for the second half of 2021, due to growth from Creo's core technology as well as first revenue from the Kamaptive licensing programme. As a result, Creo anticipates a narrowing in underlying loss before interest, tax, deprecation and amortisation, compared to the second half of 2021.

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Vaalco Energy Inc - Houston, Texas-based hydrocarbon exploration company - At the South Tchiblala 1HB-ST well in the Etame field, offshore Gabon, company penetrates a thin section of the Gamba not economic viable to completes, and discovers two potential Dentale producing zones. The Deep Dentale D1 sand interval has good quality oil with low gas ratio, but production rates are well below minimum recommend operating range of the pump. As a result, the well will be intermittently flowed, using well cycling to determine if improvement will occur. In addition, Vaalco reduces net output guidance for 2022 to a range of 9,000 to 9,500 barrels of oil per day.

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Edenville Energy PLC - London-based developer of Tanzania's Brownfield Rukwa coalfields - Appoints new on-site management team to run the mine at Rukwa coal project in Tanzania. Also announces offtake requests for an aggregate 5,000 tonnes of wished coal in August, comprising a 4,000t export order to a new Kenyan customer, and 1,000t to an existing customer in Tanzania. New customer also indicates potential requirement of up to 12,000 tonnes per month, which Edenville will attempt to fulfil, but admits there will be challenges.

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Scirocco Energy PLC - Leeds, England-based oil & gas investment company - At annual general meeting, resolutions five and six fail to pass, meaning that company is in default of the terms of the Prolific Basins facility. Company will look to engage with Prolific Basins on the next steps, which may include Scirocco needing to settle in the near term the outstanding balance of USD545,000.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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3 Aug 2023 18:32

IN BRIEF: Edenville shareholders pass changing name to Shuka Minerals

Edenville Energy PLC - Africa-focused mine operator and developer - At its annual general meeting on Thursday, shareholders approved the proposed name change to Shuka Minerals PLC. Says a further announcement will be made in "due course". Also confirms following an announcement last month, Non-Executive Chair Nick von Schirnding has tendered his three months' notice to resign, effective October 31.

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27 Jul 2023 15:43

UK shareholder meetings calendar - next 7 days

Friday 28 July 
African Pioneer PLCAGM
Bezant Resources PLCAGM
Braveheart Investment Group PLCAGM
Cordiant Digital Infrastructure LtdAGM
DP Poland PLCAGM
Intuitive Investments Group PLCGM re proposals on investment strategy
Jangada Mines PLCAGM
Mercantile Ports & Logistics LtdAGM
MetalNRG PLCAGM
Northern 2 VCT PLCGM re party transaction
Polymetal International PLCGM re delisting
R&Q Insurance Holdings LtdAGM
Science in Sport PLCAGM
Urban Logistics REIT PLCAGM
Xtract Resources PLCAGM
Monday 31 July 
B90 Holdings PLCAGM
Barryroe Offshore Energy PLCEGM re proposed cancellation of admission to trading on AIM
Live Co Group PLCAGM
OnTheMarket PLCAGM
Tintra PLCAGM
Tuesday 1 August 
Bonhill Group PLCGM re members' voluntary liquidation
Deltex Medical Group PLCGM re placing and subscription
Syncona LtdAGM
Wednesday 2 August 
Bushveld Minerals LtdAGM
Sequoia Economic Infrastructure Income Fund LtdAGM
Wizz Air Holdings PLCGM re proposed purchase
Thursday 3 August 
Distil PLCAGM
Edenville Energy PLCAGM
Future PLCGM re authorising the company to buy back up to 10% of shares
Investec PLCAGM
Landore Resources LtdEGM re dual-listing in Canada
Ukrproduct Group LtdAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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30 Jun 2023 14:03

EARNINGS SUMMARY: Wentworth swings to loss as M&P takeover drags on

(Alliance News) - The following is a round-up of 2022 annual results by London-listed companies, issued on Friday and not separately reported by Alliance News:

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2 Jun 2023 13:30

Edenville Energy proposes name change to Shuka Resources

(Sharecast News) - Africa-focussed miner Edenville Energy announced its proposal to change its name to Shuka Resources on Friday.

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2 Jun 2023 10:16

IN BRIEF: Edenville Energy proposes name change to Shuka Resources

Edenville Energy PLC - African focused mine operator and developer - Proposes name change to Shuka Resources PLC, which it says "better reflects the company's key focus in Africa".

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2 Jun 2023 09:04

LONDON MARKET OPEN: Stocks up on US debt deal; Dechra up on takeover

(Alliance News) - Stock prices in London opened higher on Friday, after a week dominated by the US debt ceiling agreement, which was passed by the Senate late Thursday.

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1 Jun 2023 12:12

Edenville Energy shares soar as it raises GBP1.5 million

(Alliance News) - Edenville Energy PLC on Thursday said it has raised GBP1.5 million through a direct subscription by two Africa-focused mining investment groups.

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1 Jun 2023 10:52

AIM WINNERS & LOSERS: Westminster Group surges as revenue jumps

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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11 Apr 2023 12:29

Edenville upbeat on latest activity at Rukwa Coal Project

(Sharecast News) - Mining company Edenville Energy updated the market on production at its Rukwa Coal Project in Tanzania on Tuesday, reporting that 594 tonnes of coal were washed at Rukwa in March.

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11 Apr 2023 11:44

Edenville Energy "encouraged" as 594 tonnes of coal washed at Rukwa

(Alliance News) - Edenville Energy PLC said on Tuesday its production performance at Rukwa project improved last month amid better weather conditions.

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28 Mar 2023 14:30

TRADING UPDATES: Clontarf Energy agrees joint venture with NEXT-ChemX

(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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9 Feb 2023 12:18

Edenville says 2,000 tonnes of coal per month rained off until June

(Alliance News) - Edenville Energy PLC on Thursday said it has agreed on a coal supply deal, as the ongoing rainy season in Tanzania continues to hinder production.

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13 Dec 2022 12:45

IN BRIEF: Edenville Energy wins case after unfair dismissal claims

Edenville Energy PLC - London-based thermal coal developer, focused on brownfield Rukwa coalfields in western Tanzania - Successfully defends claim from former employees relating to unfair dismissal as a result of Covid-19. "The judgement by the court in Tanzania found in the company's favour and rejected the employees claim in its entirety," Edenville says. Earlier this month, Edenville said it had raised GBP400,000 through the issue of shares, to provide additional working capital and to provide sufficient fund to meet any adverse judgements as a result of legal claims.

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6 Dec 2022 17:11

TRADING UPDATES: Securities Trust of Scotland outperforms benchmark

(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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6 Dec 2022 11:28

Edenville shares tumble as group undertakes discounted placing

(Sharecast News) - Exploration and development firm Edenville Energy has undertaken a placing to raise gross proceeds of £400,000 in order to provide the group with additional working capital, settle outstanding creditors and provide sufficient funds to meet any unexpected adverse judgement as a result of ongoing legal claims.

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