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Pin to quick picksCaracal Gold Share News (GCAT)

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TRADING UPDATES: System1 revenue jumps; Volex takes cyber hack charge

Tue, 24th Oct 2023 20:21

(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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Pressure Technologies PLC - Sheffield, England-based engineering firm - Reaches agreement with Rockwood Strategic PLC and Peter Gyllenhammar AB, both major shareholders in the company, for the provision of a new loan facility of GBP1.5 million. Funds will be used to refinance the existing debt facilities and provide additional working capital headroom. Further, plans to sell PMC division and has appointed advisors to handle the disposal. The sale process is expected to run for around six months into the third quarter of the financial year ending September 30, 2024.

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Volex PLC - Basingstoke, England-based specialist integrated manufacturer of critical power and data transmission products - Updates on trading for the 26 weeks ended October 1 and the cyber security incident announced earlier this month. Continues to maintain strong financial momentum and is well positioned to achieve full-year results in line with market expectations. Revenue for the first half of the year was 4% higher than last year on an organic, constant currency basis, against a strong comparative period. Expects costs of USD2 million relating to the cyber attack but confirms all manufacturing sites are operational, and says it is now delivering full production output.

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JPEL Private Equity Ltd - Guernsey-based investment company - Announces its twelfth mandatory redemption to USD equity shareholders. The amount of the redemption will be USD6 million or 14.7% of net asset value at September 30. Payments of redemption proceeds are expected to be made on or around November 22.

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Onward Opportunities Ltd - UK smaller companies-focused investment firm - Says net asset value per share was 100.39 pence per share at September 30, an increase of 4.1% when compared to the year before.

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Cooks Coffee Company Ltd - New Zealand-based coffee chain - Reiterates that its larger Esquires business continues to perform in line with management's expectations and is making a positive contribution to the group. Stresses the Esquires business will not be effected by the Triple Two administration process. In September, Cooks Coffee appointed RSM UK Restructuring Advisory LLP as administrators to its Triple Two coffee franchise business, comprising Triple Two Holdings Limited and its subsidiaries.

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Mears Group PLC - Gloucester, England-based housing and social care provider - Notes company has been informed that capital reduction, previously announced, became effective on October 11. The company's issued share capital currently consists of around 103 million shares.

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System1 Group PLC - London-based marketing and brand consultancy - Issues trading update for the quarter ended September 30. Reports revenue of GBP7.1 million, up 35% from GBP5.3 million the year before. Predict Your (data) revenue grew by 57% on the comparable prior-year quarter to GBP5.0 million and Improve Your (data-led consultancy) revenue increased by 49% to GBP1.0 million, bringing total platform revenue up 55% to GBP6.0 million. Expects to report half-year pretax profit just below GBP1.0 million compared to zero the year prior. Chief Executive James Gregory says: "The sales momentum in the platform business continues, with platform revenue up 55% in Q2, 44% in H1 and all at an improved profit margin."

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WH Ireland Group PLC - London-based stock broker and wealth manager - Reports all resolutions were approved at today's annual general meeting. Resolution 4, a special resolution, was not passed. Resolutions 3 and 4, regarded the Directors' general power to allot relevant securities and were opposed by a sizeable amount of investors. Plans to engage with shareholders to improve alignment on the strategy, objectives and most importantly its delivery, as required under the Corporate Governance Code. Still considers the flexibility afforded by these authorities to be in the best interests of the company and its shareholders.

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Tribal Group PLC - Bristol-based educational software and services provider - The UK competition regulator, the Competition and Markets Authority has confirmed that it considers that a formal Phase 1 merger investigation in relation to the acquisition by Ellucian of Tribal is warranted. Accordingly, Tribal and Ellucian will produce and finalise a merger notice with the CMA, preliminary to a Phase 1 merger investigation. Following confirmation by the CMA that the merger notice meets the applicable requirements under the Enterprise Act 2002, the timing of commencement of the Phase 1 merger investigation period will be provided.

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Caracal Gold PLC - East Africa-focused gold producer - Announces that that there will be a delay in the publication of the company's annual report and accounts for the year ended June 30. As a result, trading in the company's shares on the Main Market of the London Stock Exchange will be suspended with effect from November 1. Suspension from trading will be lifted with the publication of the accounts.

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By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
21 Jun 2024 12:56

IN BRIEF: Caracal Gold nets Kilimapesa investment from Cynergy Global

Caracal Gold PLC - East Africa-focused gold producer - Secures investment to fund the Kilimapesa expansion project from a strategic investor. Explains that a three phased investment will be made by Cynergy Global Ltd - a Mauritius-based investment group with regional presence in power generation, oil & gas exploration & development, aviation and commercial fishing - into Caracal and its subsidiaries. Phase 1 will see USD1 million payable in two tranches of USD500,000 in exchange for 25% of Caracal. Phase 2 will see a further USD5 million injection, USD2 million in equity and USD3 million in debt in exchange for an additional 10% of Caracal. In the event of Caracal undertaking a fundraise by way of share placement in the future, Phase 3 would see Cynergy granted the option to subscribe for up to 29.9% of Caracal's share capital.

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13 May 2024 20:18

IN BRIEF: Caracal Gold mining hit by bad weather and motor failure

Caracal Gold PLC - East Africa-focused gold producer - Provides update following restart of production at the plant at Kilimapesa for the quarter. Says open cast mining continued in pit 3B with a total of 11,400 tonnes mined at an average grade of 1.82 grammes per tonne gold with a strip ratio of ore to waste of 2.7 to 1 for the month of February; and 11,610 tonnes mined at average grade of 1.625 g/t gold with a strip ratio of ore to waste of 2.9 to 1 for the month of March. Availability of the milling plant in March was hit by a failure of the mill motor which took the milling plant off line from March 2 to March 9. Additional challenges with record high rainfall in the Masai Mara area severely impacted power availability during the month, company says. Chief Executive Robert McCrae says: "The mill motor failure and heavy rainfall were amongst some of the challenges faced in February and March and this has meant that our working capital position is extremely tight and this carried forward into April. The finance team are working to complete the audit and interim financials and are confident after recent feedback from PKF the audit is in final stages."

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26 Mar 2024 12:04

Caracal Gold raises GBP780,000 and notes audit "progress"

(Alliance News) - Caracal Gold PLC on Tuesday said that it has raised GBP780,000 via a subscription, through the issue of 260.0 million shares.

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7 Mar 2024 16:47

EARNINGS AND TRADING: Belvoir, Property Franchise merger now effective

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

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23 Jan 2024 10:55

Caracal Gold raises GBP140,000 to fund Kilimapesa gold mine

(Alliance News) - Caracal Gold PLC on Tuesday aid it has raised GBP140,000 through a subscription of shares.

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19 Jan 2024 18:01

IN BRIEF: Caracal Gold announces loan agreement with CSS Alpha Global

Caracal Gold PLC - East Africa-focused gold producer - Enters loan agreement for USD250,000 with CSS Alpha Global Pte Ltd with a 12-month term. Loan carries interest of 3% per month, and will be repaid in nine equal instalments after a three-month grace period. Chief Executive Officer Robbie McCrae has secured the loan with a personal guarantee for 50% of the principal amount. Lender's parent company will receive 13.0 million shares in Caracal as part of the transaction. Caracal will use funds for working capital at its Kilimapesa gold mine and for various corporate costs.

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14 Nov 2023 14:19

TRADING UPDATES: Billington on track to beat 2023 expectations

(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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26 Oct 2023 21:49

TRADING UPDATES: Alumasc under CMA's eye amid "resilient" year

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

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29 Sep 2023 15:47

UK shareholder meetings calendar - next 7 days

Monday 2 October 
no events scheduled 
Tuesday 3 October 
Equals Group PLCGM re capital reduction approval
Haydale Graphene Industries PLCGM re capital reorganisation
Wednesday 4 October 
Alien Metals LtdAGM
Black Sea Property PLCAGM
TheWorks.co.uk PLCAGM
Thursday 5 October 
Afentra PLCGM re Azule acquisition
Capricorn Energy PLCGM re return on cash to shareholders
Henderson Smaller Cos Investment Trust PLCAGM
Novacyt SAAGM
Sportech PLCGM re cancellation and re-registration as PLC
Friday 6 October 
Caracal Gold PLCGM re capital raise
ECR Minerals PLCGM re approval of subscription
Pendragon PLCGM re UK Motor and PVM sale
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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4 Aug 2023 16:49

LONDON MARKET CLOSE: Stocks end in the green after difficult week

(Alliance News) - Stocks in London ended on a positive note on Friday, following a tumultuous couple of days following a US credit rating cut and another interest rate hike from the Bank of England.

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4 Aug 2023 14:14

Caracal Gold production significantly up from difficult first quarter

(Alliance News) - Caracal Gold PLC on Friday said production in the second quarter was significantly better than in the preceding months, and said activities at its Kenyan mine showed "steady" progress.

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13 Jul 2023 21:20

Caracal Gold completes fundraise, "confident" on project resources

(Alliance News) - Caracal Gold PLC on Thursday said it has completed a GBP351,000 share subscription, and appeared optimistic for its projects' future resources estimates.

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15 May 2023 17:26

TRADING UPDATES: FRP Advisory eyes revenue ahead of expectations

(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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26 Apr 2023 15:44

TRADING UPDATES: Skillcast swings to loss, RM Infrastructure NAV down

(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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