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TRADING UPDATES: Nanoco ups outlook; Seeing Machines wins deal

Mon, 06th Jun 2022 12:10

(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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Nanoco Group PLC - Manchester-based nanomaterial developer and manufacturer - Lifts annual revenue outlook. Signs work package for an "important European electronics customer", following on from four previous deals with the same customer which were delivered over past two years. The latest deal began on May 1 and will last one year. Monthly revenue run-rate for deal is equivalent to figure delivered for prior year pact. "Additionally, the working capital arrangements in the contract support Nanoco establishing a more robust supply chain of raw materials," Nanoco adds. As a result, it says it now expects to exceed recently increased revenue expectations for year ending July 31. In addition, company on Monday says it plans to raise GBP2.3 million in placing and subscription of 6.1 million shares at 37 pence each.

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Seeing Machines Ltd - Canberra, Australia-based driver monitoring technology firm - Appointed by "tier-1 customer" to deliver FOVIO driver monitoring system to a European carmaker. "The program has been awarded with certain minimum volume guarantees, covering a number of vehicle models with start of production scheduled from early 2024," Seeing Machines says. It has an initial value of AUD27 million, about GBP15.5 million. It brings total OEM customers to 10.

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Caracal Gold PLC - gold producer with operations in East Africa - Says second batch of sample assay results from drilling programmes at Kilimapesa Hill deposit in Kenya confirm strike and depth of mineralisation, with "strong gold grades, consistent with expectations". "An updated resource from Kilimapesa Hill is expected at the end of Q2 2022," Caracal Gold says.

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Savannah Energy PLC - Energy company focused on Africa - Says 80% indirectly owned subsidiary Accugas Ltd enters new gas sales pact with TransAfam Power Ltd. Accugas will provide 35 million standard cubic feet per day of gas at TransAfam power plants in Nigeria.

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Bens Creek Group PLC - London-based mining company focused in North America - Begins railroad delivery of "High Vol B" coal product to offtake partner Integrity Coal Sales Inc. "Initially, the Company had been supplying Integrity with run of mine coal via truck, whilst it completed the remediation of the wash plant and railway spur line," Bens Creek adds. "This initial rail delivery of 11,000 tonnes of the company's HVB product, via its 'fast flood' rail loadout facility, commenced on 1 June 2022 and is expected to be followed by further rail deliveries of a similar quantum during the coming weeks." Bens Creek also says loan terms with lender MBU Capital Group Ltd have been changed. The conversion price for any drawn amounts have been lifted to 60 pence per share from 15p. As at June 5, a total of GBP7.3 million was drawn down by Bens Creek, of which GBP5.0 million is possible for conversion at 60p per share.

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Prospex Energy PLC - exploration investment company with core investments in Spain and Italy - Receives second-to-last approval at Podere Maiar gas field in onshore northern Italy. It lies with Selva Malvezzi production concession. Prospex holds 37% working interest in Podere. The Emilia Romagna Regional Council backs a local government production agreement, a prerequisite before the larger Ecological Transition Ministry of Italy can grant final approval. "The company expects first gas from Podere Maiar in the first half of 2023, subject to final approval," Prospex says.

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CleanTech Lithium PLC - Jersey-based lithium exploration and development company focused on Chile - Says Laguna Verde project encounters "greater drilling depths and was longer than planned", noting a 43% increase in aquifer thickness compared to geophysics model. It bodes well for a "resource upgrade", the company says. Chief Executive Aldo Boitano adds: "We are very pleased with the increased aquifer depth encountered and the first batch of brine assays from Laguna Verde, which include a number of high lithium grades which provide an important target for further drilling. We look forward to updating the market with further results in due course. We are confident this will lead to an upgraded JORC resource at Laguna Verde and a maiden resource at Francisco Basin, which we are targeting for early July."

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Rainbow Rare Earths Ltd - rare earth element mining in Burundi, East Africa - Enters into deal with a "diversified chemicals group based in South Africa". Duo will investigate opportunity of extracting rare earth elements from a nitro phosphate process stream from a plat near Johannesburg. Rainbow Rare will conduct a rare earths extraction pilot study and a technical programme to confirm a flowsheet will follow. "Direct costs associated with the pilot study conducted by Rainbow using its exclusive IP and technology will be financed by the chemicals group. Subject to a successful outcome, the parties intend to negotiate terms for a potential joint venture agreement to extract value from the rare earths present in the phosphoric acid processing stream," Rainbow Rare adds.

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Empire Metals Ltd - minerals exploration and development in Australia - Says is fast-tracking next reverse circulation drilling campaign at Eclipse-Gindalbie gold project in Australia. The programme will consist of 26 drill holes and will begin in mid-June. Empire adds: "Drill campaign will focus on the most prospective targets within the Eclipse-Gindalbie project area, including Homeward Bound which has previously delivered very high-grade intercepts."

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Panthera Resources PLC - London-based gold exploration and development company with assets in Africa and India - Begins drilling programme at Bassala project in Mali. The 5,000 metre campaign consists of 57 air core holes and 21 reverse circulation holes. "Assay results are expected during quarter three of 2022," Panthera adds.

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Gfinity PLC - London-based e-sports and gaming - Extends relationship with Formula 1 to deliver F1 Esports Series for further year." Company adds: "In 2022, Gfinity will deliver the Pro Exhibition from the Formula 1 Lenovo British Grand Prix 2022 and the Pro Championship, the pinnacle of F1 Esports. Gfinity will also provide adjudication services to Codemasters for the 2023 Challenger Series. Full details of the 2022 season format will be announced in due course."

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Brave Bison Group PLC - London-based social and digital media marketing company - Signs two new "significant" contracts with a total of GBP1.7 million. Contracts were won across its social media advertising practice and also digital commerce arm. Brave Bison explains: "Brave Bison Social & Influencer has entered into a new engagement with a multi-billion-dollar global fintech company to provide influencer marketing services. Brave Bison Commerce has entered into a new engagement with a leading UK office and stationery supply store to provide ecommerce technology services." Adds: "In addition to the contracts, Brave Bison has now won a total of 16 new customers since the acquisition of Greenlight in September 2021, including Avalara, Feefo, Paperchase, Lloyds Direct, Autoglym, MKM and World Economic Forum."

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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Gfinity confident of improved profitability after transitional period

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AIM WINNERS & LOSERS: PHSC notes buyback; Gfinity up on interims

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

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UK shareholder meetings calendar - next 7 days

Thursday 8 February 
Benchmark Holdings PLCAGM
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Hargreave Hale AIM VCT PLCAGM
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Friday 9 February 
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Victrex PLCAGM
Monday 12 February 
Arix Bioscience PLCGM re takeover by RTW Biotech Opportunities Ltd
JPMorgan UK Smaller Companies Investment Trust PLCGM re merger with JPMorgan UK Smaller Companies
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Tuesday 13 February 
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Iconic Labs PLCAGM
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Tui AGAGM including London Stock Exchange delisting vote
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Wednesday 14 February 
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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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22 Dec 2023 20:45

EARNINGS AND TRADING: Plexus sees good momentum; Gfinity loss widens

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

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14 Dec 2023 15:46

UK shareholder meetings calendar - next 7 days

Friday 15 December 
Abingdon Health PLCAGM
Aptamer Group PLCAGM
Bellway PLCAGM
CQS Natural Resources Growth & Income PLCAGM
DCI Advisors LtdAGM
Ethernity Networks LtdGM re subscription agreement
Frontier IP Group PLCAGM
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Renalytix PLCAGM
Schroder Real Estate Investment Trust LtdEGM re proposed amendments to the investment policy
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Ultimate Products PLCAGM
Wentworth Resources PLCAGM
Monday 18 December 
Ascential PLCGM re proposed sale of digital commerce business
Braemar PLCAGM
Eqtec PLCEGM re capital reorganisation
Fandango HoldingsAGM
Grit Real Estate Income Group LtdAGM
LondonMetric Property PLCGM re revised directors' remuneration policy
Nightcap PLCAGM
Surface Transforms PLCGM re fundraising
TechFinancials IncAGM
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easyJet PLCGM re buy of 157 A320neo family aircraft
Microsaic Systems PLCGM re fundraising
Netcall PLCAGM
Orosur Mining IncAGM
Technology Minerals PLCAGM
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Lift Global Ventures PLCAGM
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Coinsilium Group LtdAGM
Conroy Gold & Natural Resources PLCAGM
Gfinity PLCAGM
Helium Ventures PLCAGM
Karelian Diamond Resources PLCAGM
Kin & Carta PLCCourt and GM re takeover by Apax Partners LLP 
Macau Property Opportunities Fund LtdAGM
Pathfinder Minerals PLCGM re proposed GBP1.3 million fundraise
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VietNam Holding LtdAGM
VietNam Holding LtdEGM re introducing redemption facility
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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5 Dec 2023 12:01

Gfinity sells Esports division to Ingenuity Loop for GBP15,000

(Alliance News) - Gfinity PLC on Tuesday said that it has sold the remaining business and assets of its former Esports Solutions division.

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27 Nov 2023 14:25

IN BRIEF: Gfinity disposes of remaining stake in Athlos Game

Gfinity PLC - London-based e-sports and gaming services firm - Disposes of remaining 27.5% stake in Athlos Game Technologies Ltd, which is its former proprietary esports technology business, to Tourbillon Group UK Ltd. Gfinity receives an immediate payment of GBP260,000 in cash. Athlos in financial year 2022 ended June 30 generated revenue of GBP300,000 with a pretax loss of GBP500,000.

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27 Nov 2023 10:48

Gfinity disposes of remaining stake in Athlos Game Technologies

(Sharecast News) - Esports company Gfinity has disposed of its remaining 27.5% stake in its proprietary esports technology business Athlos Game Technologies.

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23 Aug 2023 15:42

UK shareholder meetings calendar - next 7 days

Thursday 24 August 
Ananda Developments PLCAGM
Concurrent Technologies PLCAGM
CyanConnode Holdings PLCAGM
Nuformix PLCAGM
Oryx International Growth Fund LtdAGM
ThomasLloyd Energy Impact Trust PLCAGM
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Honye Financial Services LtdAGM
Iconic Labs PLCAGM
Ormonde Mining PLCAGM
Ormonde Mining PLCEGM re AIM delisting and proposed investment in TRU Precious Metals Corp
Monday 28 August 
no events scheduled 
Tuesday 29 August 
Axiom European Financial Debt Fund LtdEGM re liquidation of the company
Livermore Investments Group LtdAGM
TomCo Energy PLCAGM
Wednesday 30 August 
Esken LtdAGM
Gfinity PLCGM re share capital reorganisation
Global Connectivity PLCAGM
Gresham House PLCGM re takeover
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Lindsell Train Investment Trust PLCAGM
Vistry Group PLCGM re directors' remuneration policy
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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23 Aug 2023 11:58

IN BRIEF: Gfinity appoints Capstone's David Halley as chief executive

Gfinity PLC - London-based e-sports and gaming services firm - Appoints David Halley as chief executive and director with immediate effect. Halley previously founded and served as the chief information officer of Capstone Financial (HK) Ltd. He is currently a director of Tourbillon Group UK Ltd, which acquired 73% of Gfinity's subsidiary, Athlos in June.

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9 Aug 2023 13:57

IN BRIEF: Gfinity raises GBP450,000; announces David Halley as CEO

Gfinity PLC - London-based e-sports and gaming services firm - Conditionally raises GBP450,000 at a price of 0.06 pence per share. Gfinity will issue 750.0 million shares pursuant to the subscription, and that it will use the net proceeds to fund day-to-day working capital needs of the company's media business and its ongoing cost of its AIM listing.

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6 Jun 2023 17:05

LONDON MARKET CLOSE: Stocks higher as interest rate decisions loom

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6 Jun 2023 10:57

Gfinity sells 73% of subsidiary Athlos to Tourbillon; closes Esports

(Alliance News) - Gfinity PLC on Tuesday said it is closing down its Esports division and selling a majority stake of its subsidiary Athlos to Tourbillon Group UK Ltd.

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31 Mar 2023 17:23

TRADING UPDATES: Gfinity revenue up; Pensana warns on funding needs

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

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27 Feb 2023 15:53

UK shareholder meetings calendar - next 7 days

Tuesday 28 February 
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Cora Gold LtdGM re equity fundraising
Edge Performance VCT PLCGM re voluntary liquidation
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Reabold Resources PLCGM re capital reduction
Watkin Jones PLCAGM
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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