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(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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Ace Liberty & Stone PLC - Edinburgh-based commercial property investment company - Exchanges contracts to acquire Loders Service Station, The Grove, Dorchester at a value of GBP2.1 million. The annual rental income is GBP167,914 which increases to GBP185,391 in 2028 and GBP204,697 in 2033, it says. "This acquisition further enhances our already strong portfolio, providing a long-term income stream which is very welcome in the current uncertain economic climate," Chief Executive Ismail Ghandour comments.
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hVIVO PLC - specialist contract research organisation - Signs a GBP13.6 million contract with an unnamed, US-based biopharmaceutical client to test its respiratory syncytial virus antiviral candidate. Expects the study to start in the third or fourth quarter of 2023, with revenue being recognised in 2023 and 2024. "We're delighted to be working with this biopharma client to test their antiviral candidate using our established hVIVO RSV Human Challenge Study Model. We continue to see an increase in the size of our studies as new benefits of challenge study data are continually realised by both new and existing biotech and pharma clients, " Chief Executive Yamin 'Mo' Khan comments.
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Guanajuato Silver Co Ltd - silver producer in Mexico - Confirms the discovery of a new transverse vein at its wholly owned El Cubo mine in Guanajuato, Mexico. Says the new vein structure has been named the San Luis vein. Says the extent of the mineralization remains unknown. "Economic success of our operations is driven by grade, and the identification of another gold-rich transverse vein that can rapidly enhance our mining schedule further demonstrates the considerable potential remaining at El Cubo. With almost 200 years of mining history behind it, El Cubo is ready to begin a new chapter of growth as the centerpiece of our hub & spoke strategy in Guanajuato," CEO & Chair James Anderson comments.
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Zambeef Products PLC - Zambia-focused cold chain foods and retail business - Expects revenue, adjusted earnings before interest, tax, depreciation, and amortisation and reported pretax profit for the year ended September 30 to be in line with current market expectations. Expects adjusted pretax profit to be roughly 10% ahead of expectations, due to higher-than-expected profit at assets held for sale and discontinued operations. Expects its full-year results to be released by the end of November 2022. "The period saw an escalation in key input prices such as fuel, chemicals, and fertiliser which impacted margins. In addition, the group saw outbreaks of contagious bovine pleuropneumonia and African swine fever, both of which were successfully managed, in line with government guidelines. Despite these headwinds, performance in Cropping, Milling, and Stockfeed enabled the group to achieve adjusted Ebitda in line with market expectations owing to high grain prices, market share gains, and cost containment," the company says.
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Mobile Streams PLC - London-based mobile content provider - Signs a 5-year contract to be the exclusive provider of non-fungible token trading cards, collectables and other agreed NFT products for Necaxa Football club. The companies target a revenue figure over the 5 years of the contract of which MOS's potential share is roughly USD 8.8 million. The revenue from the NFTs will come from both the sale price of the NFT itself, as well as royalty generated from them each time they are traded in perpetuity, these royalties are typically 5% to 10% of the sale price, it says. "We are delighted to have signed this contract. Necaxa are a hugely popular team with a great fan base. It's privilege to be working with such a great club. In addition I would like to thank their management team who have a great vision for the club," CEO Mark Epstein comments.
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Syncona Ltd - investor in healthcare companies - Says its ongoing phase I/II study of ANV419 in patients with solid tumours identified a favourable safety and tolerability profile of the drug. Further, it records "encouraging" efficacy data with 66% of patients achieving at least disease stabilisation at ANV419 doses greater than or equal to 108 micrograms per kilogram. "We are pleased to see the drug continue to present a strong safety and tolerability profile. Critically for patients, the data is showing deepening of tumour response with continued ANV419. We look forward to seeing further data from Anaveon as it initiates Phase I/II trials in metastatic melanoma and multiple myeloma and are excited by the potential of this drug to deliver for patients in real need," CEO Martin Murphy says.
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Kromek Group PLC - Sedgefield, England-based detection technology supplier - Says it has received and delivered a contract worth USD1.3 million from an unnamed US customer for its D3M wearable radiation detector. Altogether, it has delivered D3M orders worth USD2.6m to this customer in the last six months, as the contract is a repeat order, it explains. D3M is a high-performance combined gamma/neutron personal radiation detector.
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Belluscura PLC - A london-based medical device developer - Reports that it has been certified as compliant with ISO standards for quality management. This will allows for design, development, manufacture and distribution of its portable oxygen concentrator, following an extensive audit process undertaken by leading global assurance provider SGS. "This is a hugely significant step for the group, as ISO 13485 certification will enable the company to begin the process to start distributing its products globally. Our existing market in the US represents approximately 45% of the Portable Oxygen Concentrator market, so this certification more than doubles the available market opportunity for the group," Chief Executive Robert Rauker comments.
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European Metals Holdings Ltd - mineral exploration and development company - Says Marc Rowley will lead its definitive feasibility study team to progress the Cinovec project in the Czech Republic. "Prior to his work at Leo Lithium and Firefinch, Marc worked for Altura Mining Ltd where he was responsible for the management and delivery of the Pre‐Feasibility Study (PFS) and DFS and the engineering, procurement, construction and commissioning for the Pilgangoora Lithium mine in the Pilbara region of Western Australia," Executive Chair Keith Coughlan comments.
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TT Electronics PLC - Woking, England-headquartered manufacturer of electronic components - Says its revenue growth has "accelerated" in the four months to October, as it expected. Records strong volume growth augmented by pricing and material pass-through costs. Says its order book remains "well above historic levels" across the business and provides excellent visibility for 2023. Expects to report full-year adjusted pretax in line with expectations. "Momentum across the group continues to be strong reflecting our successful positioning in structural growth markets. The team is executing well against the ongoing challenging backdrop, and we continue to expect to deliver margin improvement in the second half. While mindful of the wider macroeconomic backdrop, the continued growth in order book extends our visibility of revenues for 2023," CEO Richard Tyson comments.
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Ariana Resources PLC - exploration firm with interests in Turkey, Cyprus and Kosovo - Says gold production at Kiziltepe continues to be in line with guidance. Says the construction of a second gold mine at Tavsan is progressing as planned. Both are part of its "advanced" Turkish projects which are 23.5% owned by Ariana through its shareholding in Zenit Madencilik San ve Tic AS. "We are highly encouraged by the simultaneous and substantial progress being made across all advanced Turkish projects in which we hold an interest through Zenit," Managing Director Kerim Sener comments.
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By Abby Amoakuh; abbyamoakuh@alliancenews.com
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