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Pin to quick picksItaconix Plc Share News (ITX)

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UK TRADING UPDATE SUMMARY: Virus Hits Mears But Tristel Gets Boost

Wed, 22nd Jul 2020 17:57

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

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Mears Group PLC - services provider to the UK's housing sector - Expects revenue from continuing activities in the first half to June 30 to fall 7.7% annually to GBP405 million from GBP439 million. Expects a pretax loss on continuing activities and before the amortisation of acquisition intangibles to be around GBP6.0 million, swinging from a GBP16.7 million profit. Expects a recovery in activity in second half, assuming Covid-19 infection levels remain low.

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Tristel PLC - Cambridgeshire-based manufacturer of infection prevention products - Results for year ended June 30 will be ahead of market expectations, with revenue coming in at GBP31.6 million, a 21% increase, and adjusted pretax profit rising at the same rate to GBP6.8 million. During the final four months of the year when Covid-19 impact was it its greatest, sales rose 30% annually.

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Barkby Group PLC - owner of businesses in real estate, consumer & hospitality and life sciences sectors - Withdraws forecast of Ebitda of GBP3.5 million for year ended June 30, due to Covid-19. Also secures GBP1 million loan under UK's coronavirus business interruption scheme. Notes Commercial Property Development completed construction of Hastings development in June. Hospitality arm made "positive" start to 2020 before Covid-19 interruption.

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Itaconix PLC - polymers maker - Expects revenue growth of 80% to USD1.1 million in six months to June 30. Notes several customers have boosted size of recurring orders due to increased demand amid Covid-19.

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Boku Inc - US-based mobile payments solution provider - Revenue for six months to June 30 expected to be at least USD24.7 million, a rise of 5.1% from USD23.5 million reported a year ago. Annual earnings before interest, tax, depreciation, and amortisation are expected in line with expectations and 65% higher from 2019.

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MobilityOne Ltd - e-commerce infrastructure payment solutions and platform provider - Says 50%-owned remittance firm OneTransfer Remittance Sdn Bhd signs money transfer agreement with MoneyGram Payment Systems Inc. Agreement means OTR customers can send money on MoneyGram platform.

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Blancco Technology Group PLC - data erasure firm with a sales office in Hertfordshire - Despite Covid-19 lengthening sales cycles, performance in year to June 30 was in line with market expectations with revenue inching 9.5% higher to GBP33.4 million from GBP30.5 million. Adjusted operating profit tipped to rise 14% to GBP4.0 million.

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Cloudcall Group PLC - cloud-based software firm with offices in Leicester, Sydney and Boston, US - Says revenue in six months to June 30 up 11% annually to GBP5.8 million. Recurring subscriptions up 20% to GBP5.1 million and users up 19% to 43,815.

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Quixant PLC - Cambridge-based technology outsourcer for gaming industry - Says key gaming unit sees "minimal" order over past three months as most clients closed due to Covid-19. The Densitron business unit however, has "experienced healthy demand from a range of industrial sectors".

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Empresaria Group PLC - West Sussex-based staffing firm - Profitable in both quarters during the six months ended June 30, despite Covid-19. Second quarter net fee income plunged 39% annually, contributing to a 22% fall in the whole of the first half to GBP28.2 million from GBP36.3 million. Made cost savings however, second quarter expenses were 30% lower year-on-year, after the first quarter when they fell 23%.

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Anexo Group PLC - Liverpool-based legal services provider - Trading continuing in line with expectations and plans to reinstate financial guidance for 2020 in its August interim report. Note some staff in its Bond Turner legal services division are returning to office working as Covid-19 lockdowns ease.

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Avacta Group PLC - Wetherby-based biotherapeutics firm - To begin clinical validation of Covid-19 laboratory test being developed by US-based Adeptrix as part of a UK government scheme.

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Resolute Mining Ltd - gold miner with assets in Senegal and Mali - Gold poured in quarter ended June down 3.2% to 107,183 ounces from 110,763 ounces in March. On track for 430,000 ounces poured in 2020.

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Alba Mineral Resources PLC - mineral exploration and development company with gold asset in Wales - Notes work activity as resumed at Clogau gold project, Wales following Covid-19 lockdown. Says priority for summer 2020 is completing underground bulk sampling programme, upon receipt of regulatory consent.

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Pure Gold Mining Inc Canada-based gold mine developer - Ontario Ministry of the Environment, Conservation & Parks approves and issues amended environmental compliance approval for air and noise emissions at Red Lake mine.

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Danakali Ltd - potash miner - Reports that notice of commencement of mine development at Colluli asset accepted by Eritrean Ministry of Energy & Mines.

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Predator Oil & Gas Holdings PLC - Jersey-based oil and gas company - Has made an offer to acquire Columbus Energy Resources PLC's stake in Inniss-Trinity CO2 project in Trinidad. Predator has option acquire interest for USD4.2 million but Predator's offer totalled USD1.8 million, so Columbus rejected.

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Jangada Mines PLC - natural resources company with vanadium asset in Brazil - reports "overwhelming success" from drilling campaign at its Pitombeiras vanadium project, Brazil. Received final five assay results received from the Goela target at project.

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Bluejay Mining PLC - explorer with assets in Greenland and Finland - Says agreement with "multinational commodity trading firm" at Dundas ilmenite project has increased. Offtake pact up 50% to between 250,000 and 300,000 tonnes per year, extending agreement by three months to October 31.

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Great Western Mining Corp PLC - mineral explorer with gold project in Nevada - Notes initial work has begun at the Trafalgar Hill, West Ridge and Rhyolite Dome targets at the Olympic Gold project in Nevada.

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Gunsynd PLC - London-based investment firm - Invests AUD200,000, about GBP110,000, in Eagle Mountain Mining Ltd, a copper and gold explorer. Forms part of Eagle Mountain's AUD3.0 million wider fundraising. The funds will finance a surface diamond drilling programme at its Oracle Ridge copper mine project.

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Dekel Agri-Vision PLC - West African focused agriculture company - Reports milling equipment for a cashew processing plant it is developing in Cote d'Ivoire has arrived at port of Abidjan from Italy as planned.

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Altus Strategies PLC - mining royalty firm - Reports preliminary economic assessment at Diba gold project, Mali. Reports a pretax net present value of USD115 million and a post-tax net present value of USD81 million.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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24 Oct 2019 16:23

Itaconix expands supply agreement with Croda

(Sharecast News) - Specialty polymers company Itaconix announced an expansion to its existing global supply agreement with Croda on Thursday, to include an additional polymeric zinc complex to the product line already supplied to 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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21 May 2019 09:48

Itaconix receives first order for personal care polymer from Nouryon

(Sharecast News) - Itaconix has received its first purchase order from Nouryon to supply its polymer for Nouryon's new 'Amaze SP' product, it announced on Tuesday, under the previously-announced exclusive global supply agreement for Nouryon to market Itaconix polymers in personal care applications.

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20 May 2019 13:20

Itaconix Non-Executive Director Mike Townend To Leave

LONDON (Alliance News) - Itaconix PLC, a producer of bio-based polymer ingredients for personal care and homecare sectors, said Monday that Mike Townend will step down as non-executive director a

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