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Pin to quick picksHorizonte Minerals Share News (HZM)

Share Price Information for Horizonte Minerals (HZM)

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Share Price: 0.325
Bid: 0.30
Ask: 0.35
Change: 0.025 (8.33%)
Spread: 0.05 (16.667%)
Open: 0.30
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UK TRADING UPDATE SUMMARY: Softcat Cancels Interim Dividend Payout

Tue, 31st Mar 2020 18:31

(Alliance News) - The following is a round-up of updates by UK companies on the impact of the Covid-19 pandemic, issued on Tuesday and not separately reported by Alliance News:

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Softcat PLC - infrastructure services - cancels interim dividend of 5.4 pence per share in order to protect cash position.

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Castings PLC - iron castings and machining - Unable to predict impact on business for 2021 financial year. Experienced lower output levels in third quarter of year ended March 31. Expected increased demand in final quarter, but outbreak affecting truck sector significantly. Reduced production levels to meet lower demand.

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Mkango Resources Ltd - rare earth minerals - Remains focused on feasibility study for Songwe Hill rare earths project in Malawi, but now expects completion of study in second half of 2021.

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Leeds Group PLC - fabrics distribution - Activities in Germany severely affected by country wide lockdown. Expects to report substantial loss for year ending May 31.

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Ingenta PLC - software and services - Postpones publication of 2019 results, expects to report revenue of GBP10.9 million, and adjusted earnings before interest, taxes, depreciation and amortisation at GBP1.3 million. Revenue for 2018 was GBP12.0 million, while adjusted Ebitda was GBP769,000.

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Phoenix Global Resources PLC - Argentine-focused upstream oil & gas - Reducing its capital expenditure programs and exploring other cost saving methods. Plans to restructure the existing convertible credit facilities agreements with Mercuria Energy Netherlands.

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Horizonte Minerals PLC - nickel exploration - expects to publish 2019 results within 45-day extension period starting from March 31.

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Regional REIT Ltd - property investor - Confirms fourth quarter dividend payment of 2.55 pence per share. Rent collected for first quarter of 2020 lower year-on-year.

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Predator Oil & Gas Holdings PLC - oil & gas - Enhanced oil project in Trinidad remains on-track for revenue growth, with project economics still attractive despite low oil prices. Rig for drilling Guercif proposect in Morocco stored in yard, ready to be used when travel restrictions are lifted. Still plans to issue 2019 accounts by end of April.

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RPS Group PLC - professional services - Annual general meeting to still take place on April 30.

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AfriTin Mining Ltd - tin mining - Uis tin mining suspended due to 21-day Namibia lockdown, but will continue feeding the processing plant from the run-of-mine stockpile during this period.

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Trafalgar Property Group PLC - property development and hydroponics - Continues discussions for sale of three unit development in Ashtead Surrey, ceases move to acquire land at Staplehurst, UK. Will not raise funds to develop hydroponics strategy until it can be completed at suitable price.

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Science Group PLC - science-based consultancy - Trading in first quarter of 2020 in line with expectations, product development business Sagentia a part of UK government's Rapidly Manufactured Ventilator System. Manufacturing contract in negotiation stages. Underlying outlook unpredictable.

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Empyrean Energy PLC - oil & gas - Gaffey Cline & Associates to publish updated Competent Persons Report for Mako gas field in Indonesia despite travel restrictions. Seismic inversion work on block 29/11 offshore China not delayed by outbreak. Drilling of first well still scheduled between December 2020 and May 2021, but subject to revision.

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Aquila European Renewables Income Fund PLC - renewable energy investment - Affirms ability to meet planned 2020 dividend payout, no project development risk for existing investments due to current market conditions.

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Jersey Electricity PLC - Jersey-focused electricity supply - Defers planned 2.5% tariff rise which was to take effect from April 1, leading to estimated cost of GBP1 million for second half of financial year ending September 30. Expects to publish interim results in mid-May.

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PureCircle Ltd - stevia sweetners - Expects to delay publishing of results for six months to end of December. Publishes results for year ended June 30, 2019. Pretax loss widens to USD72.2 million from USD3.4 million, on revenue down by 2.1% to USD124.0 million.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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27 Dec 2023 14:19

Horizonte strikes $20m interim funding arrangement

(Sharecast News) - Horizonte Minerals announced an interim funding agreement amounting to $20m on Wednesday, aimed at bolstering its financial position as it progressed toward securing a comprehensive funding solution.

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27 Dec 2023 12:06

LONDON MARKET MIDDAY: Stocks hold onto gains amid US rate cut hopes

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27 Dec 2023 11:02

Horizonte shares soar on USD20 million interim fundraise

(Alliance News) - Horizonte Minerals PLC on Wednesday celebrated securing a USD20 million package to provide liquidity, while it works towards a full funding solution.

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AIM WINNERS & LOSERS: Horizonte Minerals secures funds for Araguaia

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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19 Dec 2023 21:43

IN BRIEF: Horizonte Minerals discusses funding solution for Araguaia

Horizonte Minerals PLC - London-based nickel development company - Updates on its flagship Araguaia nickel project in Brazil. Says discussions were initiated to provide sufficient liquidity for the company to complete the required re-estimation and risk reduction work necessary to implement a full funding solution. Says demobilisation well advanced with two critical construction activities continuing to progress. Cash stands at USD42 million as of December 15, which it expects to last until end of January. Says the company and independent consultants continue to review the outstanding project capital expenditure and schedule re-estimate, necessary to implement a full funding solution.

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27 Nov 2023 11:06

Horizonte Minerals CEO and CFO to step down immediately

(Alliance News) - Horizonte Minerals PLC on Monday said Jeremy Martin, its co-founder and chief executive will step down, alongside Chief Financial Officer Simon Retter.

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27 Nov 2023 08:56

Horizonte Minerals makes several senior leadership changes

(Sharecast News) - Nickel developer Horizonte Minerals announced several changes to its board of directors and senior leadership team on Monday.

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14 Nov 2023 17:04

LONDON MARKET CLOSE: FTSE 100 underwhelms as stocks jump after US CPI

(Alliance News) - European equities jumped in the wake of a cooler-than-expected US inflation reading, which took some sting out of a recent hawkish reassessment of the Federal Reserve interest rate outlook.

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14 Nov 2023 11:49

Horizonte Minerals shares fall amid uncertainty over Araguaia funding

(Alliance News) - Horizonte Minerals PLC on Tuesday said it will scale back construction activities at its Araguaia nickel asset in Brazil to manage its resources and funds.

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14 Nov 2023 10:59

AIM WINNERS & LOSERS: Renalytix revenue halves; DP Poland trades well

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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23 Oct 2023 17:58

Horizonte Minerals continues financing talks to bridge funding gap

(Alliance News) - Horizonte Minerals PLC on Monday said it was advancing discussions with cornerstone shareholders and lenders as it confirmed construction progress continues to be made at Araguaia nickel project in Brazil.

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23 Oct 2023 07:58

Horizonte committed to Araguaia despite 35pc jump in costs

(Sharecast News) - Horizonte Minerals remained upbeat on progress on the construction of the Araguaia Nickel Project in Brazil on Monday, despite some challenges requiring an increase in the project's budget of more than a third.

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LONDON MARKET CLOSE: Poor start to the fourth quarter for stocks

(Alliance News) - It was a disappointing start to the new quarter on Monday, with stocks in London closing in the red as the higher-for-longer narrative around interest rates continued to weigh on market mood.

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2 Oct 2023 13:11

Horizonte shares slide as it warns of Araguaia cost increase

(Sharecast News) - Nickel company Horizonte Minerals updated the market on the progress of the engineering and construction design for Line 1 of its fully-owned Araguaia Nickel Project on Monday.

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2 Oct 2023 10:33

Horizonte Minerals' Araguaia costs to rise, delayed first production

(Alliance News) - Horizonte Minerals PLC on Monday said costs related to the design and execution of its 100%-owned Araguaia nickel project in Brazil have increased by at least 35%, and have delayed expectations of first production until the third quarter of 2024.

Read more

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