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Pin to quick picksGuild Esports . Share News (GILD)

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EARNINGS AND TRADING: Hydrogen Future loss widens; Quantum revenue up

Wed, 31st Jan 2024 14:29

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

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European Metals Holdings Ltd - Czechia-focused mineral exploration and development company - Notes progress in the development of its Cinovec lithium project in the Czech Republic. Says in the quarter ended December 31,the pilot programme undertaken at ALS Laboratories in Perth, Western Australia, has achieved its objectives. Adds that the delivery of the definitive feasibility study Cinovec is now scheduled for the first quarter of 2024. Total cash at December 31 was AUD5.7million, or GBP3.0 million.

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Hydrogen Future Industries PLC - London-based developer of wind-based green hydrogen production system - Says pretax loss in the financial year ended July 31 widened to approximately GBP1.1 million, widened from GBP700,000 a year ago, and did not generate any revenue, unchanged from financial 2022. Administrative costs fell 15% to GBP328,000 from GBP388,000 a year ago, but research and development costs were GBP402,000 compared to none year-on-year. Chair Neil Ritson says: "HFI is making extraordinary strides both in prototype testing of the wind turbine in Montana, with limited initial data corroborating wind tunnel results, and the novel electrolyser in California, which has recorded impressive efficiency from initial testing. The performance improvement of the HFI wind turbine over existing ones is potentially game changing on a world-scale and we look forward to moving closer to a position whereby we can demonstrate this."

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Prospex Energy PLC - Europe-focused gas and power project investor - Says Podere Maiar-1 well performed "very consistently" during the fourth quarter, with well production rates between 42,000 standard cubic meters per day to 62,000 scm/d. Following "favourable final test results" in January, it has set production to 78,000-80,000 scm/d. Notes that Podere Maiar-1 will supply gas to BP Gas Marketing under an 18-month deal. Chief Executive Officer Mark Routh says: "The operator of our Selva Malvezzi production concession, Po Valley Energy, continues with the sound reservoir management of the asset. The ongoing monitoring and maintenance of the production facilities and the well performance ensures it not only delivers the optimum gas production rates but moreover guarantees safe and reliable operations."

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Guild Esports PLC - London-based esports business - Says pretax loss narrowed to GBP4.5 million in the financial year ended September 30 from GBP8.7 million the year before, as administrative expenses fell 32% to GBP7.4 million from GBP10.9 million. Revenue rose 22% to GBP5.5 million from GBP4.5 million the year before. CEO Jasmine Skee says: "Guild continued its positive momentum into 2023, with our results showing rising revenues, falling costs and strong audience growth. With Guild Studios, Guild College and our Academy, we've diversified our revenue streams while continuing to attract global brands as sponsors. With our international expansion beginning and a strong sponsorship pipeline, we're looking to 2024 with confidence."

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Aterian PLC - London-based, Africa-focused miner - Reports up to 4.0% of copper and 26.9 grammes per tonne of silver from the sedimentary-hosted copper target in the Azrar project in Morocco, following sampling. Also identifies copper mineralisation within the previously mapped Adoudouian sediments. Chair Charles Bray says: "Multiple styles of copper mineralisation and gold have been discovered in the recently awarded expansion areas. We now better understand that the sedimentary-hosted copper potential of this project likely offers greater scale than previously determined. These recent results from the Azrar project are both very encouraging, with the continuation of the sedimentary-hosted copper, and fascinating, with the identification of multiple other geological sources of copper mineralisation. The laboratory analyses from these new licences are very positive, with the multiple zones of quartz veins identified reporting good copper and unexpected associated gold values."

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Quantum Exponential Group PLC - London-based quantum technology investment firm - Says pretax loss narrows to GBP599,666 in the half-year ended October 31 from GBP832,291 the year before, but says operating expenses rose 61% to GBP538,165 from GBP335,045 a year ago. Interim revenue mutliplies to GBP40,530 from GBP8,030 in the corresponding six-months in 2022. Chair Ian Pearson says: "The board believes the quality of investments made to date is extremely high, in companies with world leading quantum technologies and genuinely exponential growth potential. Through the hard work of a highly talented and committed executive team, the company is now positioned to exploit this progress and move to the next stage of its development.We are talking to a range of parties who share our vision and recognise the opportunities that quantum science brings to fuel advances in AI, medicines and material science."

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By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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16 May 2024 14:32

EARNINGS AND TRADING: Michelmersh continues with positive order intake

(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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13 May 2024 18:55

EARNINGS AND TRADING: itim loss narrows; Vela trims EnSilica stake

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

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1 May 2024 17:46

IN BRIEF: Guild joins sim racing championship ESL R1

Guild Esports PLC - Enters ESL R1, a sim racing championship. "ESL R1 features a distinctive format, including one-shot qualifying and short-format races, requiring sim racing drivers to adapt quickly to non-traditional racing formats," it explains. ESL R1 offers prize money, with a USD100,000 prize pool for drivers and USD400,000 for teams.

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2 Apr 2024 11:27

IN BRIEF: Guild Esports jumps on USD250,000 loan

Guild Esports PLC - London-based esports business - Enters USD250,000 unsecured convertible loan agreement with Compassare Holdings. Says loan has a one-year term, with an interest rate of 8%. The proceeds will be used for "working capital requirements."

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25 Mar 2024 13:29

UK shareholder meetings calendar - next 7 days

Tuesday 26 March 
Becket Invest PLCAGM
Power Metal Resources PLCAGM
Power Metal Resources PLCGM re share consolidation
Riverstone Energy LtdEGM re proposed tender offer
Titon Holdings PLCAGM
Tribe Technology PLCAGM
Wynnstay Group PLCAGM
Wednesday 27 March 
abrdn Private Equity Opportunities Trust PLCAGM
Asimilar Group PLCAGM re cancellation from AQSE
LoopUp Group PLCGM re cancellation of shares
LPA Group PLCAGM
Kondor AI PLCAGM
Nexus Infrastructure PLCAGM
RC365 Holding PLCGM re convertible loan note issue
Rights & Issues Investment Trust PLCAGM
Tekmar Group PLCAGM
Troy Income & Growth Trust PLCGM re proposed combination
Thursday 28 March 
Autins Group PLCAGM
Dar Global PLCAGM
Guild Esports PLCAGM
Idox PLCAGM
Law Debenture Corp PLCAGM
Malin CorpAGM
MediaZest PLCAGM
React Group PLCAGM including vote on share consolidation
Friday 29 March 
no events scheduled 
Monday 1 April 
no events scheduled 
  
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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26 Feb 2024 20:17

TRADING UPDATES: Begbies trading in line; Probiotix inks partnership

(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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22 Dec 2023 11:05

IN BRIEF: Guild Esports inks further one-year contract with Subway

Guild Esports PLC - London-based esports business - Signs a one-year UK sponsorship agreement with Subway IP LLC, effective from the start of 2024. Subway is a sandwich shop chain. The deal reappoints Subway as Guild's "official quick-service restaurant partner", following on from the two companies' two-year global sponsorship agreement first signed in March 2021.

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21 Dec 2023 21:18

TRADING UPDATES: Guild Esports hails Counter-Strike-focused deal

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

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8 Dec 2023 14:01

IN BRIEF: Guild Esports gears up for World Cup with new 'Eagles' team

Guild Esports PLC - London-based esports business - Finalises professional Counter-Strike roster of five players plus coaching staff. All five players previously competed together as 'Bad News Eagles' and now play as the 'Guild Eagles'. Says team has growing audience worldwide and has won eight of ten matches since joining Guild. Company intends to compete in the 2024 Esports World Cup in Riyadh as part of its "strategy to establish a foothold in the [Middle East & North Africa] region", where e-sports are "increasingly popular". Guild previously signed its first Counter-Strike team in March.

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7 Dec 2023 13:13

Guild Esports says Studios arm hits revenue milestone on Sky deal

(Alliance News) - Guild Esports PLC on Thursday said that its Guild Studios division has generated over USD1.1 million in revenue, with a partnership with Sky Broadband helping to push it over the line.

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14 Nov 2023 16:23

TRADING UPDATES: Technology Minerals, Beeks Financial hail deal wins

(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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9 Nov 2023 17:28

TRADING UPDATES: Milton plans energy focus; Guild completes fund 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
30 Oct 2023 11:48

IN BRIEF: Guild Esports to raise GBP1.0 million from unnamed investor

Guild Esports PLC - London-based esports business - Signs subscription letter with "an international esports, content creation and media brand" to raise up to GBP1.0 million. Brand has subscribed for up to 200.0 million new shares at 0.5 pence each. Subscription is in three tranches, all payable in cash. Brand has already subscribed for the first GBP250,000 tranche; the second, also of GBP250,000, is due on Monday. The third tranche is for GBP500,000, but is conditional on the two parties entering a "wider commercial agreement". Proceeds will provide further working capital, "to implement Guild's strategic drive for its brand and services more deeply into the industry ecosystem as well as to facilitate international expansion." Guild is especially eager to "establish an immediate foothold" in the Middle East & North Africa region.

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16 Oct 2023 15:26

IN BRIEF: Guild Esports professional Fortnite player wins USD200,000

Guild Esports PLC - London-based esports business - Says its professional Fortnite player, 'Chico', has won USD200,000 after finishing third in the "prestigious" Fortnite Champion Series final. The event was hosted in Copenhagen on Friday. Says it provided "significant visibility" to Guild, and a small proportion of the prize money went to the company.

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