REMINDER: Our user survey closes on Friday, please submit your responses here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksIronveld Share News (IRON)

Share Price Information for Ironveld (IRON)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.065
Bid: 0.06
Ask: 0.07
Change: 0.004 (6.56%)
Spread: 0.01 (16.667%)
Open: 0.061
High: 0.065
Low: 0.0605
Prev. Close: 0.061
IRON Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK TRADING UPDATE SUMMARY: Caffyns To Reopen Showrooms As Curbs Ease

Wed, 27th May 2020 13:10

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

----------

Caffyns PLC - motor dealer - Has restarted aftersales operations and showrooms will reopen on June 1 after UK government eased lockdown measures. Made cost savings, furloughed 80% of employees in April and implemented annual salary ceiling of GBP37,5000 for all employees, including chair and executive directors.

----------

Walker Greenbank PLC - furnishings - Phased restart to manufacturing in UK factories which were previously closed due to Covid-19 lockdowns. Furloughed staff also returning.

----------

Avation PLC - aircraft leasing - Says formal sales process terminated as not likely to deliver result which reflects company's "long-term value". Adds Covid-19 has continued to disrupt business activities.

----------

Cambridge Cognition Holdings PLC - neuroscience technology - Won several new contracts with pharmaceutical clients to deliver virtual clinical trials. Notes that movement curbs as a result of Covid-19 has hurt patient recruitment for trials forcing some to turn to remote trialling. Cambridge Cognition says contracts worth GBP1 million.

----------

Nuformix PLC - pharmaceutical development - Says GBP1.3 million equity fundraise from last year and low operating costs make it "well-placed" to cope with Covid-19 hurt. Notes it may miss out of a GBP2.5 million payment from Chinese partner Newsummit Biopharma, which has fallen out with its own parent company. Teams with New York-listed VistaGen Therapeutics to develop crystalline versions of the latter's central nervous system medication candidates.

----------

Vectura Group PLC - inhaler maker - Backs expectations and financial guidance after making "positive start to trading in 2020". To execute second GBP10 million trance of GBP20 million buyback. Hails "strong balance sheet", with undrawn GBP50 million revolving credit facility leaving "resilient" in the face of Covid-19 risks.

----------

FireAngel Safety Technology Group PLC - fire safety products - Reports revenue for April was "some way" ahead of revised expectations and revenue May on track for the same. Expects "quick rebound" in demand as construction sector ups tools again following lockdown. Continues cost-cutting, including furloughing employees and extended executive director pay reduction for a further two months.

----------

Christie Group PLC - financial and stock & inventory services - Accepts UK Coronavirus business interruption loan scheme financing of GBP6 million. Says Executive Director Chris Day delays retirement and will now step down no later than September 30.

----------

Vitec Group PLC - photography and video products - Says customer demand still impacted by pandemic but recovering in China after initial hit. Says revenue for the first quarter was down 20% year-on-year with revenue in April alone down 60% annually but notes signs of improvement in May.

----------

ECSC Group PLC - cyber security services - Launches Nebula cyber security breach detection service. ECSC says Covid-19 has caused a reduction in consulting bookings, with some clients also delaying projects. Says no reduction in managed services recurring revenue.

----------

Centaur Media PLC - events and marketing - Reports "strong demand" in its online learning courses but notes sharp fall in revenue in telesales business. Still planning to run The Festival of Marketing, The Lawyer Awards and The Lawyer General Counsel Summit events in the second half of the year but notes these could be affected by social distancing requirements.

----------

Blencowe Resources PLC - mining - Mobilising drill teams to northern Uganda site as travel restrictions ease. Reviewed geophysical survey at the Orom-Cross graphite project and has a identified new "high-grade zone".

----------

Ironveld PLC - vanadium developer - Says USD3.2 million financing from Inclusive Investment Group delayed by lockdown restrictions in South Africa. IIG's subscription option for 440.2 million shares for 0.42 pence each expires on June 17 but Ironveld says it is in talks to extend deadline.

----------

Genel Energy PLC - oil producer - Says gross production at the Tawke licence in the Kurdistan region of Iraq is expected to average 100,000 barrels of oil per day in 2020. Says second quarter output down 13% quarter-on-quarter to 100,000 bopd from 115,210 bopd.

----------

Merian Chrysalis Investment Co Ltd - investment company - Net asset value per share at March 31 down 4.1% to 108.65p from 113.3p reported at the end of September. Says digitally-enabled companies have seen less of a trading hit due to Covid-19, and Merian notes fall in equity markets in period to March but "strong rebound" since.

----------

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
2 May 2024 17:21

IN BRIEF: Ironveld names Kristoffer Andersson as new CEO

Ironveld PLC - South Africa-focused mining company - Names Swedish economist Kristoffer Andersson as its new chief executive officer. Andersson will be based at the company offices in Johannesburg, South Africa, though Ironveld didn't specify when he would start.

Read more
2 May 2024 10:56

Ironveld appoints Kristoffer Andersson as CEO

(Sharecast News) - Iron ore mining firm Ironveld has tapped Kristoffer Andersson to take over as chief executive officer.

Read more
24 Apr 2024 13:22

Ironveld agrees to GBP125,000 working capital loan facility

(Alliance News) - Ironveld PLC on Wednesday said it had entered into an additional loan facility agreement with Tracarta Ltd.

Read more
2 Apr 2024 12:17

EARNINGS: AdvancedAdvT hails "good progress" after Capita deal

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

Read more
23 Feb 2024 21:40

IN BRIEF: Ironveld inks funding deal, CEO steps down

Ironveld PLC - South Africa-focused mining company - Receives non-binding term sheet from a South Africa-based financial institution regarding asset-level financing of mining and smelting activities at its high-purity iron, vanadium and titanium project. Says funding would allow it to invest in all planned operations, including transition to production of high-purity iron powders. Transaction is however subject to further due diligence, with no certainty that it will be concluded.

Read more
2 Feb 2024 15:25

IN BRIEF: Ironveld agrees two loan facilities worth GBP375,000

Ironveld PLC - South Africa-focused mining company - Enters into loan facility agreements with Tracarta Ltd, in which Ironveld Executive Chair John Wardle has a beneficial interest in. The deals entail Ironveld being able to draw down GBP375,000, with GBP250,000 via a 12-month extension of an existing agreement with Tricarta at an interest rate of 11% per year, plus a new GBP125,000 facility with a six-month term and an 11% interest rate with a 2.5% fee. Says the funding will be used to strengthen its working capital position. As previously notified, says it remains in discussions regarding a direct institutional funding transaction, which is currently expected to close in the first of 2024. If concluded, says it will enable Ironveld to invest in "all group operations, including transition to production of high purity iron powders."

Read more
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
20 Dec 2023 14:26

Ironveld generates revenue but shares tumble down as loss widens

(Alliance News) - Ironveld PLC on Wednesday announced a widened loss but some operational progress in its latest year.

Read more
6 Nov 2023 15:17

UK shareholder meetings calendar - next 7 days

Tuesday 7 November 
Time Finance PLCAGM
Murray Income Trust PLCAGM
Wednesday 8 November 
Incanthera PLCAGM
JPMorgan Emerging Markets Investment Trust PLCAGM
Thursday 9 November 
D4t4 Solutions PLCGM re name change to Celebrus Technologies PLC
Libertine Holdings PLCAGM
SIMEC Atlantis Energy LtdEGM re appointment of Nexia Singapore PAC as auditors
Friday 10 November 
DFS Furniture PLCAGM
Galliford Try Holdings PLCAGM
Minoan Group PLCAGM
Minoan Group PLCGM re issuing shares
Quartix Technologies PLCAGM
Redrow PLCAGM
Monday 13 November 
Ironveld PLCGM re fundraising
Victoria PLCGM re annual accounts and Grant Thornton UK LLP re-appointment as auditors
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
18 Sep 2023 12:20

IN BRIEF: Ironveld furnace operations start; enters loan facility deal

Ironveld PLC - South Africa-focused mining company - Says its newly installed power generation at its Rustenburg facility in South Africa is now supplying two furnaces, following a slight delay over the summer. Says final works and commissioning of the third planned furnace at the smelter had been put on hold as a result, but is now expected to start in October. Adds its operating expenditure has been higher than anticipated as a result, and has thus entered into a working capital loan facility agreement with Tracarta Ltd. Says it consists of a maximum of GBP500,000 to "provide the company with flexibility in meeting ongoing operating costs over the coming months."

Read more
1 Sep 2023 18:48

IN BRIEF: Ironveld amends structure of DMS Magnetite operation

Ironveld PLC - South Africa-focused mining company - Confirms that subsidiary, Ironveld Mining (Pty) Ltd, and its joint venture partner, Pace SA Pty Ltd, have agreed with a subsidiary of JSE-listed Sable Exploration and Mining Ltd certain amendments to the funding and operational structure of the DMS Magnetite operation currently being established at Ironveld's mining area. The new structure retains Ironveld's ability to supply ore into the JV and benefit from a share of positive cashflows without having to fund the initial capital expenditure. The parties have now agreed that SEAM, via a subsidiary company Sable Platinum Holdings (Pty) Ltd, will advance all necessary funding of around GBP650,000 for the establishment of an initial quick start 10,000 tonnes per month capacity plant. There will also be an option to fund future expansions in capacity, depending on the success of the venture.

Read more
13 Jul 2023 10:08

Director dealings: Ironveld director linked to purchase, Loungers chair covers tax bill

(Sharecast News) - Ironveld was on the list of director buys on Thursday, after it disclosed a purchase linked to a non-executive director.

Read more
28 Jun 2023 14:13

Ironveld achieves first sales from Rustenburg smelter

(Sharecast News) - South Africa-focussed miner and speciality metals company Ironveld announced on Thursday that it achieved first sales of metal products from its Rustenburg smelter in June, as planned.

Read more
28 Jun 2023 10:10

IN BRIEF: Ironveld achieves first sales from Rustenberg smelter

Ironveld PLC - South Africa-focused mining company - Achieves first sales of metal products from its Rustenburg smelter during June 2023, as planned. Says products sold include high-purity iron and the entirety of titanium slag produced so far this year, all to local buyers. Reiterates announcement in mid-May that the Rustenburg smelter will operate with two furnaces in July, with the third operating furnace due to be brought on stream at the end of July. As a result, says this would represent full planned operating capacity.

Read more
5 Jun 2023 11:16

IN BRIEF: Ironveld promotes Malebo Ratlhagane to deputy CFO

Ironveld PLC - South Africa-focused mining company - Appoints Malebo Ratlhagane as deputy chief financial officer with immediate effect. Says Brian James, who has worked with Ironveld since 2012, will take on role as acting group CFO in a non-board capacity to provide "support and mentorship" during the transition. Ratlhagane has been Ironveld's head of finance in South Africa since 2022, while James is currently UK head of finance and company secretary.

Read more

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.