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Pin to quick picksFrenkel Topping Share News (FEN)

Share Price Information for Frenkel Topping (FEN)

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Share Price: 52.00
Bid: 50.00
Ask: 54.00
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TRADING UPDATES: 88 Energy signs farm-in deal with Monitor Exploration

Mon, 13th Nov 2023 21:58

(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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Atalaya Mining PLC - Nicosia, Cyprus-based Europe-focused copper producer - Says it intends to apply for admission to the London Stock Exchange's Main Market. Says movement of listing from AIM will enhance its profile, appeal to new investors and build on its project success. Says it does not intend to raise funds in connection to the admission. Expects admission before the end of 2023, AIM shares expected to be cancelled before end of December. Chief Executive Alberto Lavandeira says: "We are committed to building upon the significant growth we have achieved to date and our intention to seek admission to the premium listing segment of the Official List reflects our confidence in our future prospects, our expanding investor base and our ambition to become a multi-asset producer with a portfolio of sustainable, scalable and low-risk operations."

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Alkemy Capital Investments PLC - London-based company focused on acquisitions in the mining and technology metals sectors - Says subsidiary Tees Valley Lithium Ltd signs lithium supply heads of terms deal with Wogen Resources Ltd. Says deal will secure lithium feedstock for first train of its proposed merchant refinery. Adds that Wogen will supply 20,000 tonnes per year, enough for the first train at the Wilton site for a 5-year period. Notes that lithium price will be negotiated periodically. Expects strong interest from potential offtake partners, discussions continue. Says Wilton refinery expected to be in full production by 2026. Chair Paul Atherley comments: "Signing an agreement with a leading international lithium trader is a significant validation of the project showcasing TVL's strategic drive to ensure consistency in its refining operations backed by Wogen's global expertise and robust trading operations."

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Adriatic Metals PLC - precious and base metals explorer and developer that owns the Vares silver project in Bosnia & Herzegovina and the Raska zinc deposit in Serbia - Says exploration drilling at Rupice Northwest, that was not included in its mineral resource estimate, has expanded its deposit. Ads that drilling has continued converting inferred mineralisation to indicated levels. Adds that drilling at its RNW Lower Zone has returned significant high-grade gold and copper, including 43 metres at 2,544 grammes per tonne silver equivalent, including 9.1 grammes of gold per tonne and 1.8% copper. Chief Executive Officer Paul Cronin says: "RNW has expanded westward and to the southeast, bringing it closer to the Rupice deposit and access to underground mining. High silver, zinc and lead grades continue at mineable widths with elevated gold and copper grades."

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Goldstone Resources Ltd - Ghana-focused gold producer and explorer - Says its secured gold loan from Asian Investment Management Services Ltd, its principal creditor, is due to be repaid. Says no default notice has been issued, but that the company will have 14 days to repay if a notice is issued. Adds that it is seeking solutions for the repayment of the loan, and is in discussions to renegotiate the payment terms of the loan.

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88 Energy Ltd - Alaska-focused oil and gas company based in Subiaco, Western Australia - Signs three-stage farm-in deal with subsidiary of Monitor Exploration Ltd to earn up to 45% working interest in the onshore petroleum exploration licence 93 in the Owambo Basin in Namibia. Says there is future potential to become project operator. Says its forward programme includes the acquisition of 200 line-kilometres of low-impact 2D seismic in mid-2024, as well as a potential initial exploration well in the first half of 2025. Says farm-in deal is subject to government approval, expected in first quarter of 2024. Managing Director Ashley Gilbert says: "The execution of this farm-in agreement with Monitor provides 88 Energy and its shareholders with a fantastic opportunity to earn a significant working interest in a very large scale, highly prospective, under-explored acreage position on attractive and logically staged commercial terms."

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Frenkel Topping Group PLC - professional and financial services firm focused on personal injury and clinical negligence - Extends partnership with Hodge, Jones & Allen with 50.50 joint venture. Says partnership sees HJA joint with its independent financial advice division under HJA Financial Management Services Ltd. Says its Chief Operating Officer Mark Holt and Chief Financial Officer Elaine Cullen-Grant will act as directors, alongside HJA's partner Chun Wong and Director Judy Hardy. Holt said: "Our Working in Partnership programme is designed to create alliances between Frenkel Topping and stand out firms in the Personal Injury and Clinical Negligence space who share the same ethos and a mutual drive to achieve the right outcomes in litigation and beyond settlement."

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By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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24 Mar 2014 11:06

Frenkel Topping Reports 35% Pretax Profit Increase

LONDON (Alliance News) - Personal injury and clinical negligence financial adviser Frenkel Topping Group PLC Monday reported a 35% increase in annual pretax profit and upped its full-year dividend. Frenkel Topping reported a GBP1.4 million pretax profit for 2013, compared with GBP1.0 millio

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24 Mar 2014 10:28

Interview: Frenkel Topping increases dividend payout by 93 per cent

The provider of financial advice on the investment of personal injury damages Frenkel Toping has reported a 15 per cent increase in its full-year revenues to 5.5m pounds. Profits before taxes grew by 35% to reach £1.39m (1.76p per share), as gross margins improved to 64% from 60% beforehand. Fun

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20 Jan 2014 15:57

Frenkel Topping Says Full-Year Results To Be Ahead Of Expectations

LONDON (Alliance News) - Specialist independent financial advice provider Frenkel Topping Group PLC Monday said that it expects its final results for the year ended December 31 2013 to be ahead of market expectations. The group said that its full-year results will be boosted by an "excellen

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11 Nov 2013 16:53

Aviva Non-Exec makes first investment

British insurance company Aviva on Monday said recently appointed Non-Executive Director Michael Mire had bought 7,500 at 439.89p each, his only holding in the group. Mire joined the company in mid-September as part of its ongoing programme to refresh the board. The company said on his appointment

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11 Nov 2013 13:06

DIRECTOR DEALINGS: Frenkel Topping Managing Director Buys 78,525 Shares

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5 Sep 2013 16:11

LSL Chief sells four million shares ahead of role change

Simon Embley, the out-going Chief Executive of LSL Property, announced plans to sell just short of 20m pounds-worth of shares in the residential property services provider. Embley, who is changing roles within the company to Deputy Chairman on September 9th, traded in a total of 4.16m shares at an

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5 Sep 2013 14:15

DIRECTOR DEALINGS - Frenkel Topping MD Sells 1.1M Shares

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14 Aug 2013 16:49

Four Babcock directors build stakes after exercising options

Four members of Babcock's board of directors exercised share awards in the engineering support services firm over the past few days, building their stakes following a strong rise in the share price so far this year. Babcock has performed relatively well in 2013 despite the ongoing wider market vola

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9 Apr 2013 07:18

Growth in investment management services drives profit rise at Frenkel Topping

Full year pre-tax profit rose 21 per cent at independent financial advisory group Frenkel Topping underpinned by strong growth in the group's investment management services. Profit before tax increased to £1.03m in the year ended December 31st from £0.85m one year earlier, while revenue jumped 5.0%

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16 Jul 2012 16:43

New regulations hold no fear for Frenkel Topping

Financial services firm Frenkel Topping moved close to its 52-week high after a solid set of interim figures. The company, which provides financial advice on the investment of personal injury damages and clinical negligence awards, saw revenue in the first half of 2012 rise to £2.34m from £2.22m.

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25 Apr 2012 09:08

Wednesday broker round-up

ARM Holdings: Investec maintains buy rating and 800p target; Natixis upgrades from neutral to buy, target lifted from 600p to 625p; JP Morgan Cazenover maintains neutral rating and 540p target; Barclays Capital reiterates overweight recommendation and 725p target; Jefferies upgrades from underperfor

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20 Jun 2011 15:54

Encore Oil boss takes more shares

Encore Oil's chief executive Alan Booth has been rebuilding his stake in the North Sea-focused explorer. He took 200,000 shares at an average price of just over 57.6p a share, paying a total of about £115,000. Following the purchase, he now has 6.65m shares in the firm, which amounts to about 2.27

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8 Jun 2011 15:38

Stobart's Alan Kelsey jumps aboard

New Stobart director Alan Kelsey has wasted no time opening his account with the logistics giant, spending nearly £77,000 on shares. He took 55,000 shares at just under 140p a time. Kelsey, 62, joined Stobart last month. He has been corporate development director at the rail and bus group National

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21 Sep 2010 16:54

CLS founder buys shares

Sten Mortstedt, the executive chairman of CLS Holdings, has increased his stake in the property investor through his family and charity trust. The purchase of 10,000 shares at 520p each cost £52,000 and took Mortstedt's stake to 53.14%. This purchase follows last week's tender offer at 625p a share

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