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Pin to quick picksInfra.india Share News (IIP)

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AIM WINNERS & LOSERS: Trackwise falls as loss wider, cash runway short

Thu, 30th Mar 2023 11:30

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

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AIM - WINNERS

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Scotgold Resources, up 14% at 15.33 pence, 12-month range 11p-87p. The Scottish gold producer announces interim results for the six months to December 31. Gold concentrate sales rise to AUD9.5 million from AUD6.4 million, as pretax loss widens to AUD9.5 million from AUD5.6 million. Notes its first Scottish gold dore sales, worth GBP25,420, were made to Scottish jewellery companies in December. "The period under review, whilst challenging, has seen progress and important milestones being achieved at our Cononish gold mine, in Tyndrum, Scotland," says Chair Peter Hetherington.

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PetroTal Corp, up 12% at 44.22p, 12-month range 33p-63.5p. The Peru-focused oil and gas company says average production and sales in 2022 are 12,200 and 13,168 barrels of oil per day. This is a rise of 36% and 56% respectively year-on-year, and comes despite "significantly constrained" production in the fourth quarter, due to low river levels and a river blockade. Annual net profit rises to USD188.5 million from USD64.0 million.

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AIM - LOSERS

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Trackwise Designs PLC, down 45% at 0.63p, 12-month range 0.52p-84p. The maker of specialist products using printed circuit technology says it expects annual revenue to slip to GBP7.5 million in 2022 from GBP8.0 million the year before, with pretax loss set to widen to GBP7.7 million from GBP2.0 million. Also updates on the order for flexible printed circuit boards announced back in October. Says it expects a delay to the manufacture and delivery of the parts to the electric vehicle original equipment manufacturer. This is due to the EV OEM undertaking a redesign and validated the parts to meet revised requirements. Consequently, the second GBP4.0 million payment due under the contract will not be received in April as expected. Trackwise expects the contract to have an "amended payment profile", but if this is not resolved in the coming months, its cash runway will only extend to the end of May.

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Infrastructure India PLC, down 33% at 0.2p, 12-month range 0.2p-0.9p. The Indian asset-focused closed-ended investment company says it agreed to an extension of the maturity date on its term loan with IIP Bridge Facility. The loan is a four-year facility entered into by the firm's Mauritian subsidiary, carrying a 15% interest rare per annum. The maturity date of April 1 is now extended to May 1.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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26 Sep 2018 13:41

Infrastructure India Gets USD2 Million Increase To Cedar Valley Loan

LONDON (Alliance News) - Infrastructure India PLC said Wednesday that it secured a USD2.0 million increase to its existing USD43.4 million unsecured bridging loan facility provided by Cedar Valley

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21 Sep 2018 12:24

Infrastructure India Net Asset Value Falls Over Financial Year

LONDON (Alliance News) - Infrastructure India PLC on Friday said its net asset value per share fell sharply in its financial year 2018 hurt by weak performance of its main investee Distribution in

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18 Sep 2018 13:05

Infrastructure India Gains Two Loan Maturity Date Extensions

LONDON (Alliance News) - Infrastructure India PLC said Tuesday it has agreed two loan maturity extensions to October 18.The infrastructure fund agreed the extension of a USS43.4 million in

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17 Sep 2018 10:37

WINNERS & LOSERS SUMMARY: Clontarf Shares Surge On Tano 2A Resolution

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - up 1.0%. The Financial Times reported the chief

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17 Sep 2018 09:04

Infrastructure India Shares Dive On Cancellation Of Wind Farms Sale

LONDON (Alliance News) - Infrastructure India PLC lost more than a quarter of its market value early Monday following its decision to abort the sale of unit Indian Energy Ltd to ReNew Power Pvt in

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23 Aug 2018 14:57

Infrastructure India agrees to $3m increase of bridging loan

(Sharecast News) - Infrastructure India has agreed a $3m increase of the existing $40.4m unsecured bridging loan facility, it announced on Thursday.

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23 Aug 2018 11:35

Infrastructure India Shares Drop As Bridging Loan Raised Eighth Time

LONDON (Alliance News) - Infrastructure India PLC said on Thursday it has agreed to an increase of its USD40.4 million unsecured bridging loan facility to USD43.4 million.Shares in India at

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31 Jul 2018 11:31

Infrastructure India Shares Double As It Secures New Financing

LONDON (Alliance News) - Infrastructure India PLC shares soared on Tuesday as the company said it has agreed USD125 million, or GBP95.5 million, of debt funding.Shares were trading at 3.70

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20 Jun 2018 11:03

Infrastructure India Secures USD6 Million Increase To Bridging Loan

LONDON (Alliance News) - Investment firm Infrastructure India PLC said Wednesday that it has agreed a USD6.0 million increase to an existing bridging loan facility from Cedar Valley added funds on

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31 May 2018 12:02

Infrastructure India Secures USD4 Million Increase To Bridging Loan

LONDON (Alliance News) - Investment firm Infrastructure India PLC said Thursday it has agreed a USD4.0 million increase to an existing bridging loan facility from Cedar Valley Financial.The

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23 May 2018 15:07

Infrastructure India Secures USD2 Million Increase To Bridging Loan

LONDON (Alliance News) - Infrastructure India PLC said Wednesday it has agreed a USD2.0 million increase to its existing USD28.0 million unsecured bridging loan facility.The AIM-listed fund

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27 Apr 2018 13:58

Infrastructure India Sells Subsidiary To ReNew Power For GBP4 Million

LONDON (Alliance News) - Infrastructure India PLC on Friday said it agreed to sell its subsidiary, wind farm operator Indian Energy Ltd, to ReNew Power Services Private Ltd for GBP4.0 million in a

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24 Apr 2018 16:52

Infrastructure India Secures USD2 Million Increase To Bridging Loan

LONDON (Alliance News) - Infrastructure India PLC said Tuesday that it has agreed a USD2.0 million increase to its existing USD26.0 million unsecured bridging loan facility.The AIM-listed a

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16 Feb 2017 10:23

Infrastructure India's cargo volumes weakened by demonetisation

(ShareCast News) - Shares in Infrastructure India tumbled on Thursday after saying cargo volumes have gradually improved since demonetisation by the Indian government, but recovery to prior levels depends on the rebound of the manufacturing sector. In September, the investment fund said 99.9%-owned

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16 Feb 2017 08:43

Infrastructure India Says Hit From Government Demonetisation Continues

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