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Share Price: 1.175
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TRADING UPDATES: Dev Clever Has Momentum; Argo Blockchain Revenue Up

Wed, 03rd Feb 2021 10:58

(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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Dev Clever Holdings PLC - Tamworth, England-based software developer for immersive career guidance and consumer engagement experiences - Says made "significant progress" in financial year ended October 31, with accounting revenue of GBP1.2 million and booking revenue of GBP2.4 million. "This represents an increase from GBP480,000 and GBP500,000 respectively from the previous financial year and is in line with management's expectations, reflecting the considerable progress the company made during the year," says Dev Clever. Adds that momentum has accelerated since the start of the new financial year, and expects this "rapid acceleration" to continue throughout remainder of 2021 financial year.

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Argo Blockchain PLC - London-based cryptocurrency mining - Mined 93 bitcoin or bitcoin equivalent in January compared to 96 in December. Mining revenue in January amounted to GBP2.5 million, up 56% versus GBP1.6 million in December. Adds that it has signed a share purchase agreement with GPU.one, the Canadian data centre provider, for the strategic purchase of the two data centres in Quebec. "These facilities are currently owned and operated by GPU.one and house a portion of Argo's cryptocurrency mining equipment. The data centres have a combined total of 20MW of power capacity, and the acquisition will provide Argo with long term stability and direct control over the facilities," says Argo.

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BigDish PLC - Jersey-based technology platform for restaurants - Decides to diversify into a "high-growth area" of the wider food and beverage sector. Is in the process of forming a joint venture food technology company, Amala Foods Inc. Amala is being established for the production and distribution of minimally processed plant-based meat products initially within Asia. BigDish will own a 70% stake in the JVC and 30% will be owned by Archie Rodriguez, who will initially hold the position of chief executive of the venture.

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Hummingbird Resources PLC - African gold producer - Says recorded net cash positive position of USD1.5 million at December 31, and current bank loans are scheduled to be fully repaid in the second quarter of 2021. Says 22,012 ounces of gold poured in the fourth quarter, with full-year gold poured at 101,069 ounces, down from 115,649 the year before. Says 2020 pretax profit was USD26 million, up from USD9 million in 2019. For 2021, Hummingbird guides to production of 100,000 ounces to 110,000 ounces of gold. "We have a more modest 2021 production outlook which we believe is achievable and will establish a solid footing for the company as we generate circa USD70 million of project level EBITDA at current gold prices," says Chief Executive Dan Betts.

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Zaim Credit Systems PLC - Russia-focused fintech firm - Reports "very strong quarterly performance" for wholly-owned subsidiary Zaim-Express LLC for three months to December 31. Says "impressive" growth in loans issued to GB3.8 million, up 65% on GBP2.3 million in the third quarter. Says group continued to trade profitably in the fourth quarter. "Our online-focused strategy allows for lower fixed costs and faster growth that makes us confident in the long-term development of our business. Our investment in our proprietary platform and process is delivering impressive results and we will be very focused on continuing to drive growth during 2021," says Zaim Chief Executive Siro Cicconi.

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Time Out Group PLC - London-headquartered global media and leisure business - Enters management agreement with real estate developer, Aldar Properties, to open a new Time Out Market in Abu Dhabi's Saadiyat Island. Time Out Market Abu Dhabi is expected to open in 2023. This is Time Out Market's fourth management agreement and its second location in the UAE, with Time Out Market Dubai set to open in the first half of 2021. Under the agreement, Time Out receives a share of revenue and profit but does not contribute to the capital cost of the site. Its primary responsibility being branding, curation and day-to-day management and operations.

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Directa Plus PLC - London-based producer of graphene nanoplatelets-based products for consumer and industrial use - Receives grant as part of the EU's Horizon 2020 research and innovation programme. Grant has total value of EUR100,000 and will be used to assist Directa's research into using graphene technology to help prevent the spread of Covid-19. "This grant will allow us to invest further and faster in improving the properties of our face-masks, allow us to supply them into clinical settings, and improve the environmental sustainability of their production," says Founder & Chief Executive Giulio Cesareo.

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Capital Metals PLC - natural resources company - Says now funded to advance the next stage of development of the Eastern Minerals project in Sri Lanka, which includes the finalisation of the environmental impact assessment and final permitting and grant of the industrial mining licence. "We are delighted to have hit the ground running in 2021 with the acquisition of the Eastern Minerals project and the oversubscribed placing of GBP2 million. The company is now in a strong position to deliver on its key objectives of working with the community and the government to obtain final permitting approvals for the project that will lead to the grant of a mining licence and subsequent engagement with potential offtake partners and industrial end users before first production within 12-18 months," says Chief Executive Michael Frayne.

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GSTechnologies Ltd - Milton Keynes, England-based provider of wireless, electronic cabling, security, and other services to clients in infrastructure development - Establishes new wholly-owned subsidiary in the UK, GS Fintech Ltd, as the first stage in the company's planned establishment of a blockchain-focused business unit. It is intended that GS Fintech will apply to the UK Financial Conduct Authority to be granted an authorised payment institution licence in due course. Adds it intends to establish a similar blockchain-focused subsidiary in Singapore.

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Wameja Ltd - Australian software company - Says HomeSend saw a recovery in average transaction value in fourth quarter, with this up 6% over the prior quarter after a 4% fall in the third quarter. The quarter also saw continued improvement in gross value flows across the HomeSend platform, Wameja adds.

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Totally PLC - healthcare services provider - Says its Urgent Care and Planned Care divisions have been awarded a further contract extension and new contract, respectively. Says Vocare Ltd has been awarded a six-month contract extension worth around GBP7.2 million, while the Planned Care division has been awarded a new contract to provide occupational physiotherapy services to four police forces in the South West of England.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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21 Dec 2023 15:32

IN BRIEF: GSTechnologies interim loss narrows as eyes Semnet buy

GSTechnologies Ltd - Milton Keynes, England-based information technology solutions company - Loss narrows 36% to USD737,000 in the six months to September 30, from USD1.2 million a year ago. Posts no revenue in either half-year. Looking ahead, expects completion of cybersecurity business Semnet Pte Ltd by early February. Two weeks ago, GSTechnologies agreed to acquire around 67% of the Singapore-based firm, Semnet Pte Ltd for USD1.8 million.

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6 Dec 2023 11:41

IN BRIEF: GSTechnologies buys majority stake in Singapore-based Semnet

GSTechnologies Ltd - Milton Keynes, England-based information technology solutions company - Agrees to acquire around 67% of Singapore-based cybersecurity firm, Semnet Pte Ltd for USD1.8 million. Says remaining 33.33% shares in Semnet are held by Ong Siew Phek and Lam Pek San, which own 23.33% and 20% respectively. Chair Tone Goh says: "This strategic acquisition represents a further important step in the company's journey. Our commitment to innovation and excellence remains unwavering, and having in-house cybersecurity expertise and capability is important as we continue to build a B2B Neobank providing next-generation digital money solutions. We look forward to providing updates in due course on the progress of this acquisition and the subsequent enhancements it brings to our fintech offerings."

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29 Nov 2023 11:31

GSTechnologies to buy 60% of payments business EasySend

(Alliance News) - GSTechnologies Ltd on Wednesday said it signed an option to purchase agreement to acquire a majority stake in Belfast-based cross-border payments business EasySend Ltd.

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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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13 Oct 2023 15:49

UK shareholder meetings calendar - next 7 days

Monday 16 October 
Let's Explore Group PLCGM re name change to Huddled Group PLC
Tuesday 17 October 
Diverse Income Trust PLCAGM
Gateley Holdings PLCAGM
Wednesday 18 October 
Ashmore Group PLCAGM
Barratt Developments PLCAGM
Round Hill Music Royalty Fund LtdCourt Meeting and GM re cash offer
Thursday 19 October 
Argo Group LtdAGM
Bridgepoint Group PLCGM re adding Energy Capital to platform
Direct Line Insurance Group PLCGM re sale of brokered commercial insurance business lines to RSA Insurance Ltd
Instem PLCGM re takeover by Archimed
Medtronic PLCAGM
Pantheon International PLCAGM
Rank Group PLCAGM
Friday 20 October 
GSTechnologies LtdAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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15 Aug 2023 12:18

GSTechnologies shares up as completes PAYPT Finance acquisition

(Alliance News) - GSTechnologies Ltd on Tuesday said it has completed the acquisition of PAYPT Finance Ltd, a Canadian company holding a Canadian money services business licence.

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31 Jul 2023 13:50

IN BRIEF: GSTechnologies full-year revenue down; loss widens

GSTechnologies Ltd - Milton Keynes, England-based information technology solutions company - Reports revenue of USD2.3 million for the year ended March 31, down 45%from USD4.2 million in financial 2022. Says net operating income of USD443,000, multiplying from USD47,000 the year prior. Says pretax loss was USD1.6 million, widening from USD1.4 million the previous year. Chair Tone Kay Kim says "there is a very bright future for GST", adding that the firm is exploring further acquisition opportunities following its recently proposed purchase of PAYPT Finance Ltd.

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20 Jul 2023 17:19

TRADING UPDATES: RC365 inks agreement; GSTechnologies buys PAYPT

(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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30 Jun 2023 14:07

TRADING UPDATES: Aquila European says no hit from Siemens Energy woe

(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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16 Jun 2023 09:53

IN BRIEF: GSTechnologies stablecoin application to FCA faces delays

GSTechnologies Ltd - Milton Keynes, England-based information technology solutions company - Says UK Financial Conduct Authority stablecoin application continues to be processed, after having been extended beyond anticipated timeframe. Adds, its subsidiary, Angra, continues to perform in line with its expectations.

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17 May 2023 12:40

GSTechnologies raises GBP750,000 for GS Money strategy

(Alliance News) - GSTechnologies Ltd on Wednesday said it has raised GBP750,000 through a placing of 75.0 million shares at a price of 1.0 pence each.

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12 May 2023 14:30

IN BRIEF: GSTechnologies stablecoin application review delayed

GSTechnologies Ltd - Milton Keynes, England-based information technology solutions company - Says the expected final panel review meeting regarding the stablecoin application for admission to the UK Financial Conduct Authority regulatory sandbox will not take place. This is due to "unprecedented" levels of sickness within the FCA team. As a result, the FCA will provide a decision on the application by the end of this month, instead of mid-May as previously announced.

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11 Apr 2023 11:11

IN BRIEF: GSTechnologies notes share rise, FCA application progressing

GSTechnologies Ltd - Milton Keynes, England-based information technology solutions company - Notes recent share price rise and confirms its stablecoin application for admission to the UK Financial Conduct Authority regulatory sandbox continues to progress as expected. Says the sandbox application has been assessed by the FCA, who have verbally indicated that it is eligible for, and undergoing, FCA panel review and further assessment. Expects to receive the decision on the application in mid-May 2023. Says it continues to assist the FCA with their panel review of the sandbox application in the meantime. The application was first announced in late February, while GSTechnologies says it will make further announcements "in due course" and as appropriate.

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11 Apr 2023 10:05

SMALL-CAP WINNERS & LOSERS: GSTechnologies progresses FCA application

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

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4 Apr 2023 12:02

IN BRIEF: GSTechnologies receives notice to convert loan into stock

GSTechnologies Ltd - Milton Keynes, England-based information technology solutions company - Receives conversion notice from its loan facility provider to convert remaining USD285,000 principal amount of loan and associated interest of USD28,500 into new shares. The conversion price will be 0.31 pence per new share, resulting in 81.2 million shares being issued to the provider. Following this, no principal amount or associated interest will remain outstanding under the loan facility.

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