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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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17 Mar 2020 18:13

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Horizonte Minerals completes $25m royalty funding transaction

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29 Aug 2019 10:28

WINNERS & LOSERS SUMMARY: Micro Focus And Amigo Sink On Outlook

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29 Aug 2019 09:37

Horizonte Minerals Shares Rocket On USD25 Million Araguaia Funding

(Alliance News) - Horizonte Minerals PLC on Thursday said it has secured USD25 million in funding to advance the Araguaia ferro-nickel project in Brazil.London-listed shares in Horizonte up

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29 Aug 2019 08:52

Horizonte Minerals secures $25m finance package for Araguaia

(Sharecast News) - Brazil-focussed nickel company Horizonte Minerals has signed a royalty agreement with Orion Mine Finance to provide funding to advance its Araguaia ferro-nickel project, it announced on Thursday.

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14 Aug 2019 14:43

Horizonte Minerals Interim Loss Narrows As Makes Progress On Projects

(Alliance News) - Horizonte Minerals PLC on Wednesday said its loss narrowed in the first half of 2019 as it progresses on development of its projects in Brazil.The nickel development said

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13 Aug 2019 10:32

Horizonte Optimistic On Future Following Brazil Resource Upgrade

(Alliance News) - Horizonte Minerals PLC on Tuesday said it now has one of the world's largest undeveloped nickel and cobalt resources in the world, following an upgrade.Horizonte has a

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4 Jun 2019 11:29

Horizonte Minerals Finds High-Purity Cobalt, Nickel In Vermelho Sample

LONDON (Alliance News) - Horizonte Minerals PLC said Tuesday it has found high-purity cobalt and nickel sulphate following completed test work on limonite ore samples from the Vermelho project in

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16 May 2019 14:17

Horizonte Minerals Quarterly Loss Widens As Administrative Costs Rise

LONDON (Alliance News) - Brazil-focused nickel developer Horizonte Minerals PLC said Thursday its loss widened in the first quarter.Horizonte Minerals pretax loss for the three months to 31

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29 Mar 2019 11:42

Horizonte Minerals Loss Widens As It Moves Forward At Araguaia Project

LONDON (Alliance News) - Horizonte Minerals PLC on Friday reported a widened annual loss, as it made "significant" progress on its Araguaia project.In 2018, the Brazil-focused a a

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