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Pin to quick picksGunsynd Share News (GUN)

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EARNINGS AND TRADING: Fiske swings to profit, Aterian starts Rwanda JV

Tue, 24th Oct 2023 17:27

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

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Triple Point Venture VCT PLC - London-based investor in early-stage small and medium-sized enterprises - Net asset value per share falls to 99.61 pence at August 31, from 102.17p at February 28. Portfolio has continued to grow to GBP7.2 million during the half year ended August 31, with five new qualifying investments and eight follow-on investments. Company also says subscription offer, which closed in late July, has raised GBP15.0 million and resulted in issuance of 14.2 million new shares. Says the current "mediocre macro environment" is likely to continue for now, but so should demand for its portfolio companies' solutions, leaving its existing portfolio well-positioned for future growth.

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Fiske PLC - London-based stockbroker and investor - Revenue for year ended June 30 increased 2.0% to GBP5.9 million from GBP5.8 million the year before, largely due a resurgence in interest income towards the end of the year. Company also swings to GBP315,000 profit from a GBP349,000 loss. Operating expenses totalled GBP5.8 million, down 8.3% from GBP6.3 million. Fiske says it will continue investing in automation technologies, and has conducted a comprehensive review of its fee structure in light of rising costs. Says it has "begun to see the benefits of these new rates in the first few months of the new financial year."

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Thruvision Group PLC - Abingdon, England-based people-screening technology provider - Placed on Monday 13.4 million shares at 23.5 pence each. On Tuesday says placing successfully raised desired GBP3.2 million, including a strategic investment by Pentland Capital Ltd of Pentland Group. Pentland subscribed for at least GBP2.5 million with a view to acquiring a minimum 10% shareholding in Thruvision over time. When issued, placing shares will represent around 9.2% of Thruvision's issued share capital. Company says proceeds will be used for continued investment in its sales and marketing capabilities, and delivering key new software functionality.

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Panther Metals PLC - Hertfordshire, England-based investor in mining companies - Notes start of pre-drilling activities by Fulcrum Metals, in which it has a 20% stake, at the Tully gold project in Ontario, Canada.

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Gunsynd PLC - London-based investor in companies and projects within the natural resources, life sciences and beverage sectors - Notes announcement by investee Omega Oil & Gas Ltd on its Basin-Centered Gas drilling campaign. Omega claims estimated maiden gross 2C contingent resources of 1.73 trillion cubic feet and 3C resources of 4.5 TCF across its holdings in Taroom Trough in Queensland. Net 2C resources comprise 1.51 TCF gas and 68.6 million barrels of condensate. Omega says reservoirs have strong growth potential, with further assessment to be considered on other hydrocarbon-bearing reservoirs within the "highly prospective" Kianga formation and the Back Creek group. Omega also completed a USD21 million capital raising in early August which fully funds the next stage of exploration and appraisal."

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Oneiro Energy PLC - London-based special purpose acquisition company focused on energy transition, primarily away from oil - Operating loss for half year ended July 31 widened to GBP277,680 compared to GBP135,803 the year before. Pretax loss widened to GBP273,255 from GBP126,953. Cash balance at July 31 was GBP969,924, up from GBP113,522 at the same time in 2022. Administrative expenses more than doubled to GBP277,680. Company says it is pleased with the quality of the opportunities it has so far reviewed and is in the process of compiling a shortlist to attract current and future shareholders.

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Aterian PLC - London-based, Africa-focused miner - Says it has met conditions from Rio Tinto Mining and Exploration Ltd to initiate a lithium-focused earn-in investment and joint venture agreement in the Republic of Rwanda. Rio Tinto has confirmed that the JV is now in effect. Local subsidiary Kinunga Mining Ltd, in which Aterian holds a 70% interest, has been "actively working" on prerequisites supporting preparatory work necessary to launch the exploration programme. Kinunga holds the licence for a 2,750-hectare exploration licence in southern Rwanda. Rio Tinto has the option to invest USD7.5 million in two stages to earn up to a 75% interest in the licence, and to add Aterian's two other Rwandan projects pending licence approvals.

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By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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10 Oct 2023 12:01

Gunsynd upbeat on developments at investee Low6

(Sharecast News) - Gunsynd updated the market on its investee company Low6 on Tuesday, which had reported unaudited revenue just shy of £1m for the quarter ended 30 September.

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2 Oct 2023 12:13

IN BRIEF: Gunsynd notes investee Pacific Nickel mining start

Gunsynd PLC - London-based company investing in companies and projects within the natural resources, life sciences and beverage sectors - Says investee Pacific Nickel Mines Ltd on Sunday started mining of saprolite nickel ore at its Kolosori nickel project on Isabel island in the Solomon Islands. The project is a direct shipping ore nickel laterite project. Pacific Nickels expects the first shipment of ore in November. Gunsynd holds 2.7 million shares in Pacific Nickels, a stake of around 0.7%.

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

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TRADING UPDATES: Vela to invest in Tribe Tech; Seraphim NAV down

(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 Apr 2023 17:47

IN BRIEF: Gunsynd investee sees positive results at Canyon-2 well

Gunsynd PLC - London-based company investing in companies and projects within the natural resources, life sciences and beverage sectors - Notes that investee company Omega Oil & Gas Ltd, an ASX-listed energy and resources company, has spudded that Canyon-2 well in Australia. The well reaches a total depth of 3,807 metres. Results to-date are "positive" and have exceeded expectations. The well will now be suspended for completion before hydraulic stimulation and flow testing during the next phase.

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6 Apr 2023 15:37

Gunsynd hopeful of equity recovery as it posts widened pretax loss

(Alliance News) - Gunsynd PLC on Thursday remained optimistic about the impact of interest rate tightening on commodities, despite reporting a wider interim pretax loss from last year.

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5 Apr 2023 15:02

IN BRIEF: Gunsynd notes investee gets loan confirmation for Kolosori

Gunsynd PLC - London-based investment company focused on acquiring companies and/or projects within the natural resources sector, life sciences sector - Notes the announcement by its investee company, Pacific Nickel Mines Ltd, that Glencore International AG has provided it a letter of commitment confirming up to a USD22 million loan facility agreement and amended sales agreement for the Kolosori nickel project in the Solomon Islands. The funds raised through these arrangements with Glencore are expected to be sufficient to meet the pre-production funding requirements of the project, Gunsynd adds.

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17 Jan 2023 21:40

TRADING UPDATES: Future Metals in JV; Gunsynd sells stake in investee

(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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TRADING UPDATES: t42 IoT Tracking Solutions and Zenova win contracts

(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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4 Jan 2023 11:59

IN BRIEF: Gunsynd says investee allots 13.8 million deferred shares

Gunsynd PLC - London-based investment firm - Says investee Pacific Nickel Mines Ltd completes allotment of 13.8 million deferred shares for AUD0.08 each. Says the deferred shares are from the 85% acquisition in Sunshine Minerals Ltd, which holds 80% of the Jejevo nickel project in the Solomon Islands. As per the transaction announced in August, Gunsynd will receive 1.6 million shares. It now holds 4.7 million shares in Pacific Nickel or 1.3% of its share capital. It no longer has a direct interest in Sunshine Minerals.

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UK shareholder meetings calendar - next 7 days

Monday 02 January 
no events scheduled 
Tuesday 03 January 
no events scheduled 
Wednesday 04 January 
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Borders & Southern Petroleum PLCGM re fundraising
Thursday 05 January 
AfriTin Mining LtdEGM re name change
Shield Therapeutics PLCGM re share transaction
Friday 06 January 
Gunsynd PLCAGM
  
Copyright 2022 Alliance News Ltd. All Rights Reserved.

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

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6 Dec 2022 12:37

Gunsynd profit swings to loss; remains funded for foreseeable future

(Alliance News) - Gunsynd PLC on Tuesday said it had suffered from a decrease in the value of its investment portfolio over the financial year, after posting a pretax loss for the period.

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TRADING UPDATES: Georgia Capital profits from strong lari; Gym popular

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

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