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Pin to quick picksGreatland Gold Share News (GGP)

Share Price Information for Greatland Gold (GGP)

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Share Price: 5.80
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TRADING UPDATES: Science Group swings to profit, eEnergy revenue grows

Tue, 09th Mar 2021 17:07

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

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Science Group PLC - Cambridge-based scientific consultancy services firm - For 2020, swings to pretax profit of GBP6.4 million from loss of GBP1.6 million, on revenue that grew 29% year-on-year to record levels of GBP73.7 million from GBP57.2 million, driven by a full year contribution from Frontier Smart Technologies. Declares dividend of 4.0 pence per share. Remains optimistic on its continued progress in 2021, following a good start in spite of economic uncertainty.

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eEnergy Group PLC - energy efficiency services provider based in London - For the six months ended December 31, pretax loss narrows to GBP888,000 from GBP1.1 million the year before, as operating expenses more than doubled to GBP3.2 million from GBP1.5 million, including one-off reverse acquisition costs, while revenue more than tripled to GBP6.8 million from GBP2.0 million. Organic revenue more than doubled to GBP4.0 million. For the year ending June 30, expects to achieve a breakeven net income before exceptional items, with revenue and profit set to be in line with management expectations.

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Orchard Funding Group PLC - Luton-based finance company - For the six months ended January 31, pretax profit down 39% at GBP610,000 from GBP1.0 million, on revenue that declined 19% year-on-year to GBP2.3 million from GBP2.9 million. As at January 31, loan book drops to GBP27.9 million from GBP34.0 million the same date the year before, and lending volumes fell 21% to GBP30.0 million from GBP37.9 million.

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Greatland Gold PLC - precious and base metals exploration and development in Western Australia and Tasmania - For the six months ended December 31, pretax loss widens slightly to GBP2.7 million from GBP2.6 million the year before, on no revenue generated for the current period. During the period, the Haveieron project delivered an initial inferred mineral resources estimate of 52 million tonnes for 3.4 million ounces in gold, 160,000 tonnes of copper and 4.2 million gold equivalent.

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Headlam Group PLC - floor covering firm - For 2020, swings to statutory pretax loss of GBP17.1 million from profit of GBP35.2 million, due to most of its UK operations being closed as a result from late March to the end of June. In addition, there were goodwill impairment charges, mainly in relation to Domus, which suffered considerably from delays and cancellations to projects. In addition, revenue declined 15% year-on-year to GBP609.2 million from GBP719.2 million, following a much weaker first half and a second half recovery. Looking ahead, trading in first two months were soft as non-essential retail businesses remaining closed under lockdown. Plans to resume dividend payments in 2021.

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Brand Architekts Group PLC - Teddington, south west London-based personal care and beauty products - For the six months ended December 31, pretax profit rises to GBP435,000 from GBP302,000 for the 28 weeks ended January 11, 2020. Revenue for the period declined 15% year-on-year to GBP9.0 million from GBP10.6 million, as Covid-19 affected high street sales and consumer footfall. Declared no total dividend per share, down from 0.9 pence the prior year.

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Angus Energy PLC - UK-focused onshore oil and gas development company - For 2020, pretax loss narrows to GBP2.5 million from GBP5.0 million the year before, on smaller impairment charges and administrative costs, and in spite of a drop in revenue to GBP68,000 from GBP200,000. Looking ahead, Angus is planning for an extended well test at Balcombe and intends to resume production at Brockham and Lidsley.

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Gresham Technologies PLC - London-based software and services company - For 2020, pretax profit edges up at GBP308,000 from GBP303,000, while adjusted earnings before interest, tax, depreciation and amortisation rose 10% to GBP4.5 million from GBP4.1 million, due to a slight drop in administrative expenses. However, revenue dipped 1% year-on-year to GBP24.8 million from GBP25.0 million. Declares final dividend of 0.75 pence per share, in line with year before.

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Abingdon Health PLC - developer and manufacturer of rapid tests - For the six months ended December 31, pretax loss widens further to GBP1.6 million from GBP775,000 the year before, due to a sharp rise on the cost of sales and more than doubled administrative expenses. This was in spite of revenue rising significantly to GBP7.7 million from GBP1.6 million, driven mainly by its contract with the UK Department of Health & Social Care for the supply of AbC-19 Covid-19 rapid test. Looking ahead, the tier one order pipeline for the test continue to grow, giving confidence of Abingdon's performing in line with market expectations for the current financial year.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
24 Aug 2022 17:50

IN BRIEF: Greatland Gold to raise USD30 million through placing

Greatland Gold PLC - London-headquartered mine developer and explorer focused on Western Australia - Proposes to raise a minimum of USD30 million through a placing at a price of 8.2 pence per share. This will be conducted through a bookbuild process, it explains, and launches immediately. The issue price represents a 13% discount to the firm's closing price on Wednesday.

Read more
19 Aug 2022 11:11

Greatland Gold upbeat as it maintains 30pc ownership of Havieron

(Sharecast News) - Miner and developer Greatland Gold said it had retained 30% ownership of the Havieron joint venture on Friday, after Newcrest chose not to exercise its option to acquire an additional 5% interest from Greatland for the independently-assessed $60m price tag.

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19 Aug 2022 09:19

IN BRIEF: Greatland down as Newcrest decides against Havieron option

Greatland Gold PLC - mine developer and explorer in Western Australia - Says Newcrest Mining Ltd has elected not to exercise the option to buy an additional 5% interest in the Havieron joint venture deal at a price of USD60 million. Says Greatland will retain 30% ownership in the JV, as it believes this outcome "delivers substantial medium to long term value to Greatland". Says it had previously made a non-binding offer to Newcrest to acquire for USD85 million, a 5% stake in Havieron.

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21 Jul 2022 14:02

Greatland Gold upbeat on recent work at Havieron

(Sharecast News) - Mining explorer and developer Greatland Gold updated the market on exploration and development at the Havieron gold-copper project in the Paterson region of Western Australia on Thursday.

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21 Jul 2022 12:44

IN BRIEF: Greatland Gold prices 5% of Newcrest JV at USD60 million

Greatland Gold PLC - mine developer and explorer in Western Australia - Completes the process to determine the option price for an additional 5% interest under the joint venture agreement in the Havieron joint venture. Sets the option price at USD60 million. Says Australia's Newcrest Mining Ltd can acquire the interest at this price from Greatland. The Havieron copper-gold project is located in west Australia. It is operated by Newcrest under a joint venture agreement with Greatland. Newcrest holds a stake of 70% and Greatland holds a 30% stake.

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14 Jul 2022 21:44

TRADING UPDATES: Shield closer to Canada approval; Angle plans raise

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

Read more
7 Jul 2022 10:30

LONDON BROKER RATINGS: Berenberg cuts Rio Tinto and BofA lowers Anto

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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30 Jun 2022 11:32

Greatland Gold begins exploration at Western Australia projects

(Alliance News) - Greatland Gold PLC said on Thursday it started its 2022 exploration programme at its 100% owned project in the Paterson province of Western Australia.

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9 Jun 2022 11:44

IN BRIEF: Greatland Gold sees potential to expand Havieron resource

Greatland Gold PLC - mine developer and explorer in Western Australia - Sees potential to expand Havieron resource. New drilling results in the South East Crescent return 3.0 grammes of gold per tonne at 85.8 metres depth and 1.1 grammes of gold per tonne at 25.3 metres depth.

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9 Jun 2022 09:37

Greatland Gold reports further progress at Havieron

(Sharecast News) - Greatland Gold updated the market on recent exploration and development work at the Havieron gold-copper project in the Paterson region of Western Australia on Thursday, reporting that seven drill rigs were currently onsite, all focussed on growth.

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31 May 2022 10:52

Greatland Gold kicks off new exploration at Juri joint venture

(Sharecast News) - Precious and base metals explorer and developer Greatland Gold announced the start of the 2022 exploration programme under the Juri joint venture with its partner Newcrest Mining on Tuesday, in the "highly prospective" Paterson region of Western Australia.

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31 May 2022 09:48

Greatland Gold to start second Paterson exploration programme under JV

(Alliance News) - Greatland Gold PLC on Tuesday said it has started its second annual exploration programme under the Juri joint venture, on the Paterson province in Western Australia.

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10 May 2022 11:22

Greatland Gold awarded grant for drilling at Rudall

(Sharecast News) - Precious and base metals miner Greatland Gold has been awarded a grant from the Western Australian Government, it announced on Tuesday, to co-fund exploration drilling and mobilisation costs at its wholly-owned Rudall licence in the Paterson province.

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10 May 2022 10:00

IN BRIEF: Greatland Gold wins AUD200,000 grant to fund exploration

Greatland Gold PLC - mining development and exploration in Western Australia - Awarded a grant of up to AUD200,000 under the Western Australian government's exploration incentive scheme. The grant will help Greatland co-fund drilling and mobilisation costs at its Rudall licence, located 20 kilometres southeast of the Havieron gold-copper resource in Western Australia.

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3 May 2022 11:55

Wishbone Gold signs drilling contract for Red Setter project

(Alliance News) - Precious metals trading company Wishbone Gold PLC said on Tuesday it signed a drilling contract for the company's Red Setter gold and copper project in the Patersons Range area of Western Australia.

Read more

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