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Pin to quick picksFrontier Ip Share News (FIPP)

Share Price Information for Frontier Ip (FIPP)

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UK TRADING UPDATE SUMMARY: Retailer Sosandar In Quarterly Revenue Jump

Tue, 07th Jul 2020 16:35

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

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Sosandar PLC - Cheshire-based women's clothing retailer - Says first quarter revenue surges by 54% annually. Has seen 24% increase in new customers during quarter.

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Altitude Group PLC - personalised products marketplace operator - Trading between January and mid-March went as forecast though between mid-March and May, supplier partners posted 80% year-on-year slumps in regular promotional orders. Activity has increased as some US states emerge from lockdown, order activity in June at 50% of prior year.

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Rosslyn Data Technologies PLC - procurement and master data management solutions provider - Notes it has continued to support its clients, across various sectors such as banking and pharmaceuticals, during Covid-19 pandemic. Notes it saved one customer GBP12 million through data and invoicing assistance.

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Argo Blockchain PLC - cryptocurrency miner - Mined 180 bitcoin or bitcoin equivalent in June, down 29% from 252 in May. Argo notes month-on-month reduction down to "rise in mining difficulty mid-month and an adjustment to more cost-efficient mining".

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PCI-PAL PLC - secure payment solutions provider - Expects to report revenue of GBP4.4 million for year to June 30, up 55% from GBP2.8 million. Expects revenue growth between 50% and 60% in financial 2021.

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Live Company Group PLC - events firm - Says significant cost savings achieved in second quarter. BRICKLIVE Animal Paradise site now open in a Michigan zoo but number of events booked for quarter postponed due to Covid-19.

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Enwell Energy PLC - Ukraine-focused oil and gas explorer - Says overall production volumes in Ukraine rose 13% year-on-year in second quarter. Notes SV-54 development well completed after reaching final depth of 5,322 metres.

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Cadence Minerals PLC - Mineral resources investor based in London - Says Amapa iron ore project owner DEV Mineracao SA yet to reach a settlement with its creditors. It remains the last precondition before Cadence takes stake in project.

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Aura Energy Ltd - Australian minerals exploration firm - Signs CAD4.5 million, about GBP million, funding term sheet with Toronto-listed Chilean Metals Inc for Aura's gold, base and battery metal tenements in Mauritania.

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Thor Mining PLC - London-based vanadium miner - Reports "positive" assay results from field sampling of potential vanadium acquisition in Colorado.

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Zenith Energy Ltd - Africa-focused oil & gas producer - Enters into a joint-venture agreement with an oil and gas firm in Republic of Congo. Purpose of the pact is to acquire an onshore oil production licence which had output rate of 300 barrels of oil per day in 2019.

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Pure Gold Mining Inc - Canada-based gold mine developer - Exploration drilling at Red Lake mine funds "high-grade gold mineralisation".

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PureTech Health PLC - London-based biotherapeutics firm - Founding entity Vor raises USD110 million in Series B financing. Cash to go towards advancing the VOR33 candidate into clinical trials.

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Inspiration Healthcare Group PLC - Crawley-based medical technology company - Notes that GBP18.0 million deal to acquire SLE Ltd has been completed.

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Vectura Group PLC - London-based drug delivery products - Notes Novartis's Enerzair Breezhaler asthma treatment product inks regulatory green light in Europe and Japan. Vectura receives USD6.3 million in milestone payments. Product uses Vectura's formulation IP.

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Open Orphan PLC - pharmaceutical services company - Signs three new laboratory services contracts. Notes one contract is with University of Cambridge spin-off NoBACZ Ltd which is developing an antimicrobial coating for everyday surface to prevent illness trasmission.

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SkinBioTherapeutics PLC - Macclesfield-based skin health-focused life sciences company - Finishes stable formulation of AxisBiotix product, a food supplement which treats psoriasis.

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Path Investments PLC - energy and natural resources investment company - Terms of acquisition of Zoetic International PLC's 75% stake in DT Ultravert altered. Path will now issue 15.0 million warrants at an exercise price of 0.75p, together with 15.0 million warrants exercisable at 1.5p. Path to also pay Zoetic a royalty of 6% from all revenue at DTU.

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Aberdeen New India Investment Trust PLC - investment trust - Enters into two-year GBP30 million loan pact with Royal Bank of Scotland International Ltd

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Frontier IP Group PLC - intellectual property investment company with offices in Edinburgh, Cambridge and London - Portfolio company Celerum Ltd sub-contracted to support software development for Aberdeen-based PlanSea Solutions Ltd. Frontier holds a 34% stake in Celerum.

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Braveheart Investment Group PLC - private equity and venture capital firm - Investee Paraytec Ltd progressing with Covid-19 test development with University of Sheffield. Producing an artificial version of virus to avoid using live Covid-19.

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Gresham House Energy Storage Fund PLC - London-based energy storage investor - Launches debt issue to fund acquisition of battery storage products. Aims to generate proceeds of GBP15 million through an initial issue of 5.0% per year fixed rate bonds.

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Gunsynd PLC - London-based investment firm - Placed a further 16.0 million shares due to investor demand, raising GBP104,000. Proceeds will go towards making investments.

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Helical PLC - property investor with office assets in London - On July 3, 76% of rent for June quarter was collected with further 15% agreed to be paid in instalments.

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Impax Asset Management Group PLC - sustainability-focused investor - Assets under management at end of June totalled GBP18.1 billion, a 26% increase during third quarter.

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Velocity Composites PLC - composite materials supplier for aerospace sector - Lands new framework agreement with customer that is a UK prime contractor in the defence sector.

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Avingtrans PLC - engineering firm - Revenue for year ended May 31 expected to rise 8.6% to GBP114 million from GBP105 million. Says Covid-19 shrouds visibility for financial 2021, so net year ready to release guidance.

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Seeing Machines Ltd - monitoring systems developer - Welcomes Moving Forward Act which has been passed by US House of Representatives. Bill requires vehicles to pass safety checks including automatic braking, lane-keeping, blind-spot detection, event data recorders. Bill needs Senate approval now.

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LPA Group PLC - LED lighting system manufacturer - Secures GBP3.3 million in contract wins in UK and export rail markets.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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14 Jun 2019 14:11

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14 Jun 2019 07:51

Frontier IP investee partners with Chinese biotech firm

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31 May 2019 15:33

Frontier IP Group Director David Cairns To Step Down In August

LONDON (Alliance News) - Frontier IP Group PLC on Friday said that Director David Cairns will step down from his role on the company's board with effect from August 27."On behalf I

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28 May 2019 15:47

Frontier IP investment completes initial trials of raspberry-picking robot

(Sharecast News) - University intellectual property commercialisation specialist Frontier IP Group announced on Tuesday that its portfolio company, Fieldwork Robotics, has completed initial field trials of its robot raspberry harvesting system.

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28 May 2019 12:22

Frontier IP Investee Completes Field Trials Of Multi-Armed Robot

LONDON (Alliance News) - Frontier IP Group PLC on Tuesday said portfolio company Fieldwork Robotics has completed initial field trials of its robot raspberry harvesting system.The investor

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30 Apr 2019 15:51

Frontier IP Joins European Project To Boost Coastal Economies

LONDON (Alliance News) - Frontier IP Group PLC on Tuesday said it has been selected as a partner in a project to maximise the value of academic research to Europe's marine and coastal asset to

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8 Apr 2019 12:08

Frontier IP investee lands partnership with Bosch

(Sharecast News) - Frontier IP Group on Monday confirmed that its portfolio company Pulsiv Solar has entered into an agreement with Robert Bosch Limited (Bosch UK) to optimise the design of its energy-efficient solar micro-inverter prototype.

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1 Apr 2019 15:35

Frontier IP subsidiary wins grant for raspberry-picking robot

(Sharecast News) - Frontier IP's portfolio company Fieldwork Robotics on Monday won a UK government Innovate UK Industrial Strategy Challenge Fund grant to accelerate development of its raspberry-harvesting robot system.

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1 Apr 2019 14:05

Frontier IP Investee Gets UK Grant For Raspberry-Picking Robot

LONDON (Alliance News) - Frontier IP Group PLC portfolio company Fieldworks Robotics has won a grant from the UK government worth over GBP500,000, Frontier IP said Monday.The grant, from UK

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27 Mar 2019 10:57

Frontier IP Group Interim Profit More Than Doubles On Revaluation

LONDON (Alliance News) - Frontier IP Group PLC on Wednesday said its interim pretax profit more than doubled compared to the prior year due to gains on the revaluation of its IP specialises in the

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20 Feb 2019 11:18

Frontier IP Portfolio Company To Partner In US Agency Vaccine Project

LONDON (Alliance News) - Frontier IP Group PLC on Wednesday said Vaccine Group is to be a major partner in a USD9.7 million US government project to develop vaccines against diseases that can pass

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12 Feb 2019 14:51

Frontier IP Makes Progress On Incorporating Portuguese Med Tech Firm

LONDON (Alliance News) - Frontier IP Group PLC on Tuesday said it has made progress toward incorporating a new company, Insignals Neurotech, in which Frontier IP will hold a 33% specialises in the

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12 Feb 2019 10:07

Frontier IP incorporates new firm in Portugal

(Sharecast News) - University intellectual property commercialisation specialist Frontier IP announced "strong progress" in Portugal on Tuesday, with the incorporation of a new company which would be called 'Insignals Neurotech'.

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10 Feb 2019 17:41

Sunday share tips: Pearson, Frontier IP

(Sharecast News) - Newspaper share tips from the Sunday Times and Mail on Sunday - Pearson and Frontier IP.

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25 Jan 2019 11:22

Frontier IP Portfolio Firm Secures Grant To Create New Vaccine

LONDON (Alliance News) - Frontier IP Group PLC on Friday said investee Vaccine Group has won a GBP403,000 grant to combat an emerging antibiotic-resistant disease able to jump from pigs to asset a

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