Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksImc Exploration Share News (IMC)

Share Price Information for Imc Exploration (IMC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1.45
Bid: 1.30
Ask: 1.60
Change: 0.00 (0.00%)
Spread: 0.30 (23.077%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 1.45
IMC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EARNINGS SUMMARY: Lok'nStore profit grows; Rosslyn Data loss widens

Mon, 31st Oct 2022 18:01

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

----------

Semper Fortis Esports PLC - London-based professional e-sports team operator - Pretax loss narrows to GBP460,000 from GBP650,000 last year. Revenue rises to GBP50,000 from nothing last year, primarily due to sponsorships and sharing revenue from official Rocket League esports shop and prize winnings. Chief Operating Officer Jassem Osieran said "We have reduced our overheads in this climate whilst we are searching as a board for the right strategy in and around the esports and gaming sector. We have tried a number of approaches but have never over-invested in any single one, which we feel has been more prudent."

----------

Lok'nStore Group PLC - Farnborough, England-based provider of self-storage space - Six months to July 31, pretax profit increases to GBP15.9 million from GBP6.5 million last year. Revenue rises to GBP26.9 million from GBP21.9 million. Demand for UK self-storage assets remains strong and trading since the year-end has been good, company says. Executive Chair Andrew Jacobs says "we aim to build more Landmark stores in the under-supplied UK market. We are growing the business from a strong financial platform that gives us great flexibility to respond to market circumstances."

----------

Cloudbreak Discovery PLC - Vancouver, Canada-based natural resource project generator - In the year to June 30, pretax loss widens to GBP5.6 million from GBP902,060 a year ago. Profit on disposal of assets fell to GBP559,523 from GBP2.6 million. Cash and cash equivalents fell to GBP310,578 from GBP1.3 million last year. Says outlook for natural resources sector looks robust. Projects approaching the point where company can receive royalty payments.

----------

Mila Resources PLC - London-based gold company focused on Australia - Year to June 30, pretax loss widens to GBP1.1 million from GBP382,387 a year ago. Share warrant and options expense increased to GBP493,232 from nothing last year as part of the company's capital raise. Says it is well positioned to move forward with confidence in its objective of transitioning gold discoveries into significant resources. Looking forward says further funding will be needed to ensure that the exploration and evaluation activities can continue, and the project continues towards reaching its ultimate potential.

----------

Critical Metals PLC - Africa-focused natural resources investor - Year to June 30, pretax loss widens to GBP661,743 from GBP347,584 a year ago. Company recorded no revenue, unchanged from last year. Company intends to complete further exploration work and technical studies required to assess the larger technical and economic viability, with the mineralisation evident at the surface and at shallow depths. Mine development is underway with production expected to commence by the end of the calendar year, generating near-term free cashflow going forward.

----------

Rosslyn Data Technologies PLC - Portsmouth, England-based data management and analytics service provider - Year to April 30, pretax loss widens to GBP4.1 million from GBP3.0 million a year ago. Revenue falls to GBP2.7 million from GBP3.6 million. Rosslyn now "in growth execution mode". Has done a lot of "heavy lifting" in the last 12-18 months on the product, brand, team and the go-to-market model. Now looking to get a return on those investments in the short term while continuing to strengthen the foundations of the business to deliver sustainable growth in the long term. Says trading in first half of 2023 financial year has been as expected and company remains on track to deliver "increased revenue" for the full year.

----------

Renalytix PLC - London-based diagnostics company focused on kidney health - Year to June 30, pretax loss widens to USD49.6 million from USD35.8 million a year ago. Revenue increases to USD3.0million from GBP1.5 million. Administrative expenses widen to GBP58.3 million from GBP33.3 million. Operational progress continued into the first quarter of 2023, company says, with over 1,200 tests performed. More than 80% of these were billable, yielding about USD1.0 million revenue for the quarter. Says "these are record amounts for us in quarterly testing volumes and revenue".

----------

Shefa Gems Ltd - Israel-based formerly gemstone mining company, now cash shell - Six months to June 30, comprehensive loss narrows to NIS839,000 from NIS32.2 million a year ago as posts no impairment on exploratory assets against NIS29.0 million last year. In August of last year, shareholders approved the former gemstone miner becoming a cash shell "seeking acquisition opportunities in the web technology and software space", Shefa Gems explained. "It was decided to transfer all the company's exploration and mining assets to the company's fully owned subsidiary, Shefa in Israel Ltd," it explained.

----------

IMC Exploration Group PLC - Dublin-based exploration company - Year to June 30, pretax loss narrows to EUR260,796 from EUR338,480 a year ago. Expects remainder of the financial year to be "very progressive time" with conclusion of Karaberd Mine transaction. IMC Exploration is attempting to acquire MVI Invests, a special purpose company established to own 100% of Assat LLC, an Armenian-registered company that holds the mining licence for the Karaberd Mine. In a separate update IMC Exploration said that after Covid-19 delays to this transaction, the mine has progressed to IMC Exploration is now acquiring the "owner of an operating gold mine" rather than a company with a mining licence.

----------

Ananda Developments PLC - London-based grower and provider of medical cannabis - Six months to July 31, loss narrowed to GBP330,889 from GBP688,647 last year. Almost all of the change was a result of a fall in administrative expenses. Company owns 50% of DJT Group which was granted a licence from UK Home Office to grow less than 0.2% THC medical cannabis for research in April 2021. During July 2022, the DJT Group growing team began the first harvest and compiling data for later analysis.

----------

Technology Minerals - London-based company focused on creating a circular economy for battery metals - For the year ended June 30, pretax loss stands at GBP1.8 million in company's first year after IPO in November last year. Says funds raised, and subsequent strong progress in the period have provided company with an "excellent platform" to deliver on growth plans. Well-positioned for sustainable growth as company aims to become a key contributor in the global transition to electrification.

----------

By Chris Dorrell; chrisdorrell@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
1 Nov 2023 10:15

IN BRIEF: IMC Exploration shares soar on Karaberd mine owner purchase

IMC Exploration Group PLC - Dublin-based exploration company - Completes acquisition of entire issued share capital of MVI Ireland SRO, owner of Assat LLC which owns the operating licence for the Karaberd gold mine in Northern Armenia plus ore crushing facilities. Completion signified by admission of new shares and readmission of existing shares to trading on the London main market, effective early on Wednesday. Upon admission IMC has 685.1 million shares in issue. IMC originally agreed to buy Karaberd Mine in April 2021 but switched in October 2022 to acquiring MVI. The transaction has seen repeated delays due to local Covid-19-related factors, and the deadline in January was extended for the third time to October 14.

Read more
19 Oct 2023 15:46

UK shareholder meetings calendar - next 7 days

Friday 20 October 
GSTechnologies LtdAGM
Monday 23 October 
abrdn New Dawn Investment Trust PLCGM re scheme and associated amendments to Company's articles
City of London Investment Group PLCAGM
Finsbury Food Group PLCGM re takeover by Frisbee Bidco
Landore Resources LtdEGM re fundraising
Mothercare PLCAGM
Naked Wines PLCGM re annual report and accounts
Oracle Power PLCGM re capital reorganisation
Provexis PLCAGM
Tuesday 24 October 
Accrol Group Holdings PLCAGM
Oneiro Energy PLCAGM
Tufton Oceanic Assets LtdAGM
WH Ireland Group PLCAGM
Wednesday 25 October 
Arcontech Group PLCAGM
Hargreaves Services PLCAGM
Kavango Resources PLCGM re takeover
MGC Pharmaceuticals LtdGM re consolidation of capital, share placement
Pendragon PLCGM re strategic partnership with Lithia and name change to Pinewood Technologies PLC
Springfield Properties PLCAGM
Thursday 26 October 
Alumasc Group PLCAGM
Brooks Macdonald Group PLCAGM
Feedback PLCAGM
Filtronic PLCAGM
Global Invacom Group LtdEGM re cancellation of admission to trading on AIM
Hipgnosis Songs Fund LtdAGM
Hipgnosis Songs Fund LtdEGM re sale of portfolio
IMC ExplorationEGM re takeover of Karaberd
Made Tech Group PLCAGM
Mattioli Woods PLCAGM
Mid Wynd International Investment Trust PLCAGM
Novacyt SAAGM
South32 LtdAGM
Tirupati Graphite PLCAGM
TMT Acquisition PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
12 Jan 2023 16:36

TRADING UPDATES: NFT Investments hit by cyber attack

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

Read more
27 Jun 2022 21:15

TRADING UPDATES: 88 signs license agreement; Lekoil litigates

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

Read more
3 Mar 2022 20:34

TRADING UPDATES: Next Fifteen raises GBP50 million; N Brown sales up

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

Read more
29 Oct 2021 20:28

TRADING UPDATES: Asia Dragon beats benchmark, Henderson Far East lags

TRADING UPDATES: Asia Dragon beats benchmark, Henderson Far East lags

Read more
26 Oct 2021 19:06

TRADING UPDATES: Yellow Cake fundraises; Mercia Asset invests

TRADING UPDATES: Yellow Cake fundraises; Mercia Asset invests

Read more
8 Oct 2021 06:41

IN BRIEF: IMC reports lead and copper mineralisation at West Avoca

IN BRIEF: IMC reports lead and copper mineralisation at West Avoca

Read more
17 Aug 2021 15:39

TRADING UPDATES: Chrysalis backs InfoSum; Argo Blockchain goes green

TRADING UPDATES: Chrysalis backs InfoSum; Argo Blockchain goes green

Read more
15 Apr 2021 13:21

IMC Exploration shares up 60% after agreeing to buy Armenian mine

IMC Exploration shares up 60% after agreeing to buy Armenian mine

Read more
26 Feb 2021 12:52

IMC Exploration Loss Narrows In 2020 As Makes Progress On Projects

IMC Exploration Loss Narrows In 2020 As Makes Progress On Projects

Read more
23 Feb 2021 13:59

IN BRIEF: IMC Exploration Sees Gold Mineralisation At North Wexford

IN BRIEF: IMC Exploration Sees Gold Mineralisation At North Wexford

Read more
28 Jan 2021 19:32

TRADING UPDATES: One Media Debuts Motoring Channel; Dekel Plots Raise

TRADING UPDATES: One Media Debuts Motoring Channel; Dekel Plots Raise

Read more
30 Oct 2020 19:08

IN BRIEF: IMC Exploration Loss Narrows As Expenses Fall

IN BRIEF: IMC Exploration Loss Narrows As Expenses Fall

Read more
12

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.