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Pin to quick picksItaconix Plc Share News (ITX)

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TRADING UPDATES: Alliance Pharma to appeal; Braemar sales to rise

Thu, 03rd Feb 2022 22:31

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

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EnQuest PLC - oil and gas production company that operates in UK North Sea and Malaysia - Says average output in 2021 falls to 44,415 barrels of oil equivalent per day, from 59,116 in 2020. For 2022, it expects average output between 44,000 and 51,000 boepd.

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SEEEN PLC - London-based media optimisation platform - Expects 2021 revenue down at USD8.5 million from USD10.1 million in 2020 and adjusted loss before interest, tax, depreciation and amortisation narrows to USD1.5 million from USD2.1 million. Looking ahead, points to revenue and profitability generation potential as contracts are implemented in 2022.

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Braemar Shipping Services PLC - London-based shipbroker - Expects revenue of no less than GBP101 million for year to February 28, at least up 20% from GBP84 million a year earlier. "The strong trading seen in the first half of the financial year has continued throughout the second half to date," it says.

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Creo Medical Group PLC - medical device company focused on surgical endoscopy - During 2021 says it has continued to build momentum through sustained commercial progress. Expects revenue for 2021 to top expectations at "just over" GBP25 million from GBP9.4 million in 2020.

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Proteome Sciences PLC - drug development services provider - During 2021 says it continued to show strong growth in its services business with TMT revenue holding firm. Expects annual revenue to rise 7% to GBP5.1 million from GBP4.8 million in 2020 and trading profit in a range between GBP600,000 to GBP800,000, up from GBP500,000 year before.

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Agronomics Ltd - invests in cellular agriculture and cultivated meat - Net asset value per share as at 31 December 31 was 14.32 pence, up 10% from 12.99p on September 30. For six months to December 31, swings to net profit of GBP2.5 million from loss of GBP1.4 million.

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Solid State PLC - Redditch, England-based electronic components manufacturer - Says its manufacturing arm Steatite Ltd has been awarded a "multi-million pound" contract by BAE Systems PLC to design, develop and qualify computer consoles for maritime platforms.

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Itaconix PLC - London-based functional polymers company - Has filed a new patent to protect innovative intellectual property for expected applications in potential uses in composite materials for plant-based ingredients. Explains extension of the Itaconix technology platform is part of its efforts to engage with potential customers to identify sizeable needs that Itaconix can address with plant-based solutions.

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Afentra PLC - upstream operator in Africa with carried interest in Odewayne block onshore southwestern Somaliland - Says the negotiations with Sonangol EP to purchase interests in Block 3/05 and Block 23 in Angola have continued into the new year. Afentra has been engaged in negotiations with Sonangol to reach agreement on the detailed terms of the transaction. Says negotiations are ongoing but there is no guarantee at this stage that an agreement will be reached. If Afentra ultimately proceeds with theacquisition, it would be classified as a reverse takeover. Trading in Afentra shares will remain suspended until either the publication of an AIM admission document, or until confirmation is given that Afentra's participation in the bid process has ceased.

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Cizzle Biotechnology Holdings PLC - UK-based diagnostics developer - Signs full agreement for development of lung cancer tests in China with the International Co-Innovation Centre for Advanced Medical Technology and the Shenzhen Intelliphecy Life Technologies Co Ltd.

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Edenville Energy PLC - developer of Tanzania's Brownfield Rukwa coalfields - Its subsidiary has entered into a contract with Nextgen Coalmine Ltd for the operation of the company's Rukwa Coal project in Tanzania. The agreement is for an initial period of one year started on Tuesday. Under the agreement the contractor will pay Edenville a royalty of USD10 per tonne of washed coal sold and a royalty of USD5 per tonne of any coal fines sold.

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Applied Graphene Materials PLC - graphene materials maker with headquarters in Redcar, Cleveland - Says Stanvac-Superon Group, the India-based manufacturer of industrial repair and maintenance solutions, has introduced a speciality conductive coating incorporating the company's Genable dispersed graphene materials, for use on industrial power transmission equipment. Stanvac-Superon expects the product to be used for power transmission, electrical distribution, and railways, as well as other high energy consumers such as steel mills, smelters, and refineries.

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Alliance Pharma PLC - Chippenham, Wiltshire-based distributor of consumer healthcare brands and prescription medicines - Following an investigation, the UK Competition & Markets Authority has announced its finding that all four companies, including Alliance, have infringed competition law. Alliance says it "fundamentally disagrees" with the CMA's finding and confirms that it did not participate in, or profit from, any market sharing arrangement and refutes involvement in the alleged competition law infringement. Alliance says it will appeal the CMA's decision and the proposed fine of GBP7.9 million, at the Competition Appeal Tribunal.

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Invinity Energy Systems PLC - London-based flow battery maker - Sells a 8.4 megawatt hour Invinity VS3 flow battery to Elemental Energy Inc for a utility-scale energy project in Alberta, Canada. This is the company's largest sale in the North American market to date, it notes.

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4GLOBAL PLC - UK-based data, services and software company - Says it has entered into a partnership agreement with the Fitness Industry Council of Canada. Under the agreement FIC will work with 4GLOBAL to develop 'DataHub Canada' utilising its extensive network of 6,000 facilities with over six million members across the country. Says partnership will significantly increase the global capacity of the company's DataHub which is currently in excess of 1.2 billion of data points of how sport is consumed in UK, Europe and other international markets in South America and Middle East.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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Itaconix accelerates FY revenue growth

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Itaconix makes first delivery of 'Zinador 35L' to Croda

(Sharecast News) - Speciality polymers company Itaconix announced the delivery of the first order of 'ZINADOR 35L' to Croda on Tuesday.

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24 Oct 2019 16:23

Itaconix expands supply agreement with Croda

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23 Oct 2019 14:54

Itaconix launches 'Velafresh' odour control range

(Sharecast News) - Specialty polymers developer Itaconix introduced its new 'Velafresh' odour control product line for personal care at the Sepawa Home and Personal Care Conference in Berlin on Wednesday.

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18 Oct 2019 11:41

Itaconix warns on revenue after tough year

(Sharecast News) - Sustainable specialty polymers company Itaconix updated the market on its trading on Friday, reporting that revenues for the first three quarters of 2019 reached £0.7m, representing a 78% increase over the same period in 2018 and matching full-year revenues then of £0.7m.

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10 Sep 2019 11:47

Itaconix Hails Momentum Toward Profitability As Costs Down, Revenue Up

(Alliance News) - Itaconix PLC said Tuesday its interim loss narrowed as revenue increased and costs fell. The chemicals firm said momentum is building towards profitability.For the six to

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30 Aug 2019 11:01

Itaconix Promotes Finance Director Denenr To Chief Financial Officer

(Alliance News) - Itaconix PLC said Friday it has promoted Finance & Operations Director Laura Denner to the post of chief financial officer, effective from Sunday.Michael Norris, who a

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30 Aug 2019 10:13

Laura Denner elevated to CFO position at Itaconix

(Sharecast News) - Speciality polymers company Itaconix announced the promotion of Laura Denner from group director of finance and operations to chief financial officer on Friday, with effect from 1 September.

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6 Aug 2019 17:25

Jupiter Asset Management Sells Entire 13% Itaconix Stake

(Alliance News) - Itaconix PLC on Tuesday said Jupiter Asset Management Ltd cut its stake in the polymers company down to nothing from 14%.Jupiter Asset Management's prior stake was but

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5 Aug 2019 17:37

DIRECTOR DEALINGS: Itaconix Directors Purchase Shares

(Alliance News) - Itaconix PLC said Monday that several directors in the company have purchased shares in the company, all for 1.1 pence per share, in deals on Friday last week.Chair James

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17 Jul 2019 12:43

Itaconix Interim Loss Narrows On Double Digit Revenue Growth

(Alliance News) - Polymer maker Itaconix PLC said Wednesday that it is on-track to meet market expectations for 2019 following a strong first half performance.For the six months to the end

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9 Jul 2019 18:29

Jupiter Asset Management Builds Holding In Itaconix And NetScientific

(Alliance News) - Itaconix PLC on Tuesday said Jupiter Asset Management Ltd now holds 14% stake in the chemicals company.Prior to this transaction on Monday, Jupiter's holding, if any,

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27 Jun 2019 11:56

Itaconix 2018 Loss Narrows After Restructuring, Positioned For Growth

(Alliance News) - Itaconix PLC on Thursday said lower costs helped deliver a narrowed loss in 2018, while higher demand for detergent and personal care products boosted revenue.The company

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29 May 2019 16:02

Itaconix offloads stake in Danish nicotine gum firm

(Sharecast News) - Sustainable specialty polymers company Itaconix announced the sale of its holdings in privately-held Danish nicotine gum company Alkalon on Wednesday.

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29 May 2019 11:38

Itaconix Sells Minority Stake In Danish Firm For GBP242,000

LONDON (Alliance News) - Chemicals firm Itaconix PLC on Wednesday said it divested its minority stake in Alkalon AS, a Danish nicotine gum company, for cash proceeds of 22.49% stake in Alkalon was

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