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Pin to quick picksHummingbird Share News (HUM)

Share Price Information for Hummingbird (HUM)

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Share Price: 9.75
Bid: 9.50
Ask: 10.00
Change: -0.05 (-0.51%)
Spread: 0.50 (5.263%)
Open: 9.90
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Low: 9.70
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TRADING UPDATES: MJ Hudson and Tandem see results ahead of views

Mon, 31st Jan 2022 22:07

(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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KRM22 PLC - London-based technology and software investment company - Expects widened adjusted earnings before interest, tax, depreciation loss of GBP0.8 million loss from GBP300,000 in 2020. Says cost base increased in 2021 compared to the prior year due to the reinstatement of salaries in order to ensure retention of key staff, expand the global risk platform and the extension of the company's risk management products. This all resulted in lower revenue recognised and an increase in adjusted Ebitda loss compared to 2020 and overall results slightly lower than current market expectations, it says.

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Xpediator PLC - Braintree, Essex-based freight management services - Says trading for 2021 continued strongly across all three divisions. For 2021, expects revenue in excess of GBP300 million, up from GBP221 million in 2020 and adjusted pretax profit "well in excess" of GBP8.5 million, up from GBP7.2 million in 2020, in line with the upgraded guidance given in June.

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FireAngel Safety Technology Group PLC - Coventry-based home safety products maker - Expects 2021 sales of GBP42.8 million, up from GBP39.9 million in 2020 and underlying pretax loss GBP3.8 million, narrowed from GBP5.7 million. FireAngel says seeing an easing of supply chain challenges but may persist in first quarter.

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Tribal Group PLC - Bristol, England education software and services - Says following a good performance, it anticipates 2021 results to be in line with market expectations.

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Rosslyn Data Technologies PLC - Portsmouth, England cloud based enterprise data analytics platform - For six months to October 31, posts revenue of GBP3.1 million from GBP3.6 million last year and pretax loss GBP2.1 million, widened from GBP883,000 loss. "Rosslyn now finds itself with a new leadership team of experienced professionals from the software industry, who are charged with our next phase of execution. The combination of bringing together the customer and product as the central nervous system of our execution, and the relaunching of a new brand into the market we expect to give us a springboard into 2022 and beyond. We look to the future with increasing confidence," it says.

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Amala Foods PLC - Jersey-based food technology company - For six months to September 30, pretax loss narrows to GBP185,703 from GBP426,162. No dividends have been paid during the half-year.

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MJ Hudson Group PLC - London-based asset management consultancy - Says trading in the first quarter of financial 2022 has been strong, continuing momentum from the six months prior. For six months to December 31 says it has continued to perform well, winning multiple new clients, many of which are accessing multiple services. As a result of this strong performance, underlying revenue for the full year ending June 30 is now expected to be ahead of market expectations.

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Journeo PLC - Leicestershire-based transport information systems and technical services - Says strategy of developing technologies, IP and information services centred around customers in public and freight transport applications, led to a increase in order intake during 2021. Says revenue increased by 15% in 2021 to GBP15.6 million from GBP13.6 million in 2020. Due to the type of work completed and the varying margins involved, profit for the full year is anticipated to be in line with market expectations, it adds.

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Engage XR Holdings PLC - Waterford City, Ireland-based virtual communications solutions - Expects 2021 revenue of EUR2.4 million, up 68% on the prior year's EUR1.4 million. Also says Non-Executive Director Frank Poore resigned from board with immediate effect to focus on other business interests.

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STM Group PLC - Isle of Man-based pensions and insurance administrator - Says trading results for 2021 will be materially in line with previous guidance and expectations for 2022 also remain in line with existing guidance.

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BATM Advanced Communications Ltd - Israel-based networking technology and medical lab systems - Has invested an additional USD10 million in Ador Diagnostics.

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Tandem Group PLC - sports equipment distributor based in West Midlands - Says Christmas trading period saw continued robust performance from the group's toys, sports & leisure business. Notes the rate of growth achieved in the second half of 2021 did not match the levels seen in first half, turnover was still over 7% ahead of the same period in the prior year, despite the ongoing logistics impacts. As a result, expects to report 2021 revenue of GBP40.9 million, with pretax profit expected to be well ahead of the prior year and slightly ahead of the current market expectations. Says 2022 has begun more slowly, with some customers delaying orders into future months. However, it remains confident that we have secured the strongest wheeled toy licences and have some exciting developments planned for the year.

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Scancell Holdings PLC - Nottingham, England-based cancer immunotherapies developer - Says first patient dosed with second COVIDITY vaccine candidate and preclinical studies demonstrate strong immunity against Omicron.

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Inland ZDP PLC - wholly-owned subsidiary of housing plot developer Inland Homes PLC - Reports asset value per ZDP share 176.86 pence at September 30, up from 167.30p a year ago.

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Quantum Exponential Group PLC - quantum technology investment firm - Says it has held discussions with a number of potential investee companies, several of which are being actively pursued. Quantum Exponential says Chief Operating Office Steven Metcalfe to become CEO.

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San Leon Energy PLC - oil and gas production, development and exploration company focused on Nigeria - Says two of its subsidiaries have successfully concluded ongoing legal proceedings with TAQA Offshore BV in relation to San Leon's legacy interests in two royalties on Block Q13A. Says it has now received payments of more than EUR5.7 million, including an interim payment in respect of legal costs.

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Gunsynd PLC - UK-based investment company - Sells 600,000 shares in Charger Metals Ltd for 82 Australian cents for proceeds of AUD493,000 - around GBP260,000. Following this disposal, Gunsynd continues to hold 3 million shares in Charger representing approximately 6%.

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Hummingbird Resources PLC - gold miner with projects in Mali, Liberia and Guinea - Reports 18,181 ounces of gold poured at Yanfolila mine in Mali. Says 2021 production of 87,558 ounces, in line with the revised guidance range of 84,000 to 89,000 punces. Looking ahead, guides for 2022 production guidance of 87,000 to 97,000 ounces of gold, with an AISC of USD1,300 to 1,450 per ounce of gold. First quarter forecast to be a lower production quarter versus the remaining quarters of 2022 driven primarily by an additional five excavators becoming increasingly operational.

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MGC Pharmaceuticals Ltd - European based company specialising in the production and development of phytomedicine - Sees strongest quarterly sales in three months to December 31, with product sales totalling USD1.8 million, including continued strong sales growth from the phytocannabinoid medicine line of products.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
25 Apr 2024 20:57

TRADING UPDATES: Norcros sells Johnson Tiles UK; Trifast trading well

(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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17 Apr 2024 14:11

IN BRIEF: Hummingbird issues step-in notice regarding Kouroussa mine

Hummingbird Resources PLC - gold producer with operations in Mali, Guinea and Liberia - Says continued to engage with Ivory Coast-based Corica Mining Services, which had suspended mining activities on March 17, citing contractual disputes. Back then, Corica cited claims regarding unpaid invoices to Hummingbird totaling about USD27 million for work completed at Kouroussa mine in Guinea, which Hummingbird rejected. Hummingbird on Tuesday said it issued a step-in notice which allows it to take management control and issue instructions to Corica. Meanwhile, the discussions about Kouroussa, which Hummingbird calls constructive, have the aim to ramp up operations under the existing mining contract between the two companies. Hummingbird says it is progressing with the restart and ramp up of mining activities at the mine. Further, it notes that operations at the mine have continued with the processing plant operating at the expected levels with mining via an existing support mining fleet.

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8 Apr 2024 15:40

Mali expects 14% drop in industrial gold production, mines ministry says

BAMAKO, April 8 (Reuters) - Mali's industrial gold output is expected to drop by about 14% this year to 53.7 metric tons, mines ministry data showed on Monday.

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28 Mar 2024 14:14

TRADING UPDATES: Duke expects revenue rise; SIMEC gets EL deal payment

(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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20 Mar 2024 16:37

UPDATE: Hummingbird hits back at Corica over Kouroussa pact dispute

(Alliance News) - Hummingbird Resources PLC on Wednesday refuted claims of a contract breach from Corica Mining Services, regarding the suspension of services at the Kouroussa gold mine.

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20 Mar 2024 12:25

Hummingbird shares plunge as Corica fires back in contract dispute

(Alliance News) - Corica Mining Services on Wednesday accused Hummingbird Resources PLC of "substantial breaches" of contract, including failure to pay for its work at the Kouroussa gold mine.

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18 Mar 2024 11:50

IN BRIEF: Hummingbird shares plummet amid Kouroussa contract dispute

Hummingbird Resources PLC - gold producer with operations in Mali, Guinea and Liberia - Says the principal contract miner at its Kouroussa gold mine in Guinea has suspended mining operations due to "various contractual disputes". Hummingbird calls the action by Corica Mining Services "a clear breach of the mining contract", and alleges that Corica "has failed to meet mining contract volumes due to delays in mining equipment mobilisation, commissioning, and overall operating performance". Hummingbird has issued a notice to Corica, demanding that it resumes mining by Tuesday. Should it fail to do so, the company says it may step in to resume mining operations in its place, or work with alternative contractors and equipment suppliers.

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31 Jan 2024 18:28

EARNINGS AND TRADING: STV raises holding in Two Cities Television

(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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25 Jan 2024 20:09

TRADING UPDATES: Microsaic completes acquisition; Narf revenue soars

(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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24 Jan 2024 17:22

EARNINGS AND TRADING: Gran Tierra ups production, "excited" for 2024

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

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10 Jan 2024 14:24

Hummingbird Resources raises a further GBP270,000 through open offer

(Alliance News) - Hummingbird Resources PLC on Wednesday said it has raised GBP270,000 through an open offer.

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3 Jan 2024 14:55

UK shareholder meetings calendar - next 7 days

Thursday 4 January 
Rotala PLCGM re management buyout
Tintra PLCGM re cancellation, re-registering as private company
ValiRx PLCGM re operational review
Friday 5 January 
MTI Wireless Edge LtdEGM re proposed grant of options to the directors
Monday 8 January 
Plus500 LtdEGM re director election
Velocys PLCCourt Meeting and GM re recommended cash acquisition by Madison Bidco Ltd
Tuesday 9 January 
Agriterra LtdAGM
DX Group PLCGM re acquisition by HIG Capital funds
GENinCode PLCGM re fundraise
Leeds Group PLCGM re sale of subsidiary Hemmers-Itex
Smart Metering Systems PLCGM re acquisition by KKR funds
Wednesday 10 January 
Hummingbird Resources PLCGM re share placement
Ironveld PLCAGM
Reabold Resources PLCGM re appointment of new directors
Safestyle UK PLCEGM re approve winding up of company
Scirocco Energy PLCGM re proposed disposal of interests in Energy Acquisitions Group Ltd
Versarien PLCGM re capital reorganisation
  
Copyright 2024 Alliance News Ltd. All Rights Reserved. 

Read more
13 Dec 2023 19:48

EARNINGS AND TRADING: NWF trading inline; Tandem's markets challenging

(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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7 Dec 2023 12:20

IN BRIEF: Hummingbird shares fall on USD30 million placement

Hummingbird Resources PLC - West Africa-focused and Birmingham, England-based gold producer, developer and explorer - Announces equity placement of up to USD30 million at 11.26 pence per share. Plans to offer shareholders the chance to subscribe at the same price through an open offer. Hummingbird intends for proceeds to strengthen its balance sheet and progress multiple initiatives under its growth strategy, for example increasing exploration activities at the Yanfolila mine in Mali and the Kouroussa mine in Guinea. Yanfolila is still on track to meet full-year production guidance of 80,000 to 90,000 ounces of gold, and Hummingbird remains "on track" to produce approximately 200,000 ounces of gold next year. Company is also converting its 51% interest in the Dugbe gold project in Liberia into a 51% controlling stake in Pasofino Gold Ltd, Dugbe's developer, to simplify the project's ownership structure and increase efficiency.

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26 Oct 2023 21:49

TRADING UPDATES: Alumasc under CMA's eye amid "resilient" year

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

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