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Share Price: 1.30
Bid: 1.20
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Change: 0.00 (0.00%)
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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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Jangada Mines completes disposal of Pedra Branca to ValOre

(Sharecast News) - Natural resources company Jangada Mines announced on Thursday that remaining conditions had been satisfied and the agreement to dispose of Pedra Branca Brasil Mineracao - the entity that holds the Pedra Branca Project - to ValOre had completed.

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17 Jun 2019 12:08

Jangada Mines Cancels Celtic Capital Loan After Pedra Branca Sale

(Alliance News) - Jangada Mines PLC on Monday said it has cancelled a funding agreement as the sale of its Pedra Branca project progresses.In September, Jangada agreed a GBP2.1 million to a

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17 Jun 2019 10:58

Jangada makes good progress with proposed sale of Pedra Branca

(Sharecast News) - Natural resources company Jangada Mines updated the market on the proposed sale of Pedra Branca do Brasil Mineracao - the entity that holds Pedra Branca - to the TSX-V listed ValOre Metals Corporation on Monday.

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28 May 2019 09:33

Jangada Mines Shares Drop 29% As Sells Pedra Branca Project In Brazil

LONDON (Alliance News) - Jangada Mines PLC has decided to sell the Pedra Branca project in Brazil following difficulties in attracting investor interest, it said Tuesday.Pedra Branca, a and

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13 May 2019 11:06

Jangada Mines Close To Completing Pedra Branca Feasibility Work

LONDON (Alliance News) - Jangada Mines PLC is on track with the feasibility study for the Pedra Branca platinum group metal and nickel project in Brazil, it said Monday.Jangada did not say

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25 Apr 2019 18:13

Jangada Mines Issues Shares To Cover Technical Services Costs (ALLISS)

LONDON (Alliance News) - Jangada Mines PLC on Thursday said it has agreed to issue 1.5 million shares to cover the costs of certain technical services provided by a contractor.The price at

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8 Apr 2019 14:01

Jangada Mines nears completion of feasibility study at Pedra Branca

(Sharecast News) - Natural resources company Jangada Mines, which is developing the Pedra Branca platinum and nickel project and the Ptombeiras West vanadium project updated the market on the bankable feasibility study currently underway at Pedra Branca, in north-eastern Brazil.

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8 Apr 2019 11:30

Jangada Mines Close To Finishing Off Pedro Branca Feasibility Study

LONDON (Alliance News) - Jangada Mines PLC is on track with its Pedro Branca feasibility study after completed successfully hydrology studies.Pedro Branca, a platinum group metal and nickel

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11 Mar 2019 15:24

Jangada Mines upbeat on drilling results from Pitombeiras West

(Sharecast News) - Natural resources company Jangada Mines updated the market on recently-completed exploration activities at its Pitombeiras West vanadium deposit in north-eastern Brazil on Monday, reporting that drill results had confirmed the presence of a high-grade deposit with potential for "significant" resource delineation.

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11 Mar 2019 11:09

Jangada Mines Drilling Finds "High-Grade" Vanadium Deposit

LONDON (Alliance News) - Jangada Mines PLC on Monday confirmed a "high-grade" deposit at its Pitombeiras West asset in north-eastern Brazil.High-grade zones at the deposit include

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27 Feb 2019 17:39

Jangada Mines Loss Narrows On Expenses As It Progresses Pedra Branca

LONDON (Alliance News) - Natural resources company Jangada Mines PLC said its loss narrowed slightly in the first half of its year due to a lack of finance expense.Jangada's pretax loss

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18 Feb 2019 16:05

Ascent Resources Hires Ex-Eland CFO As Non-Exec, Appoints COO To Board

LONDON (Alliance News) - Ascent Resources PLC said Monday it has appointed Louis Castro as non-executive director to replace Nigel Moore, who has retired from the company's board.Moore

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5 Feb 2019 10:51

Jangada Mines Rises As Grades In Brazil Easily Beat Expectations

LONDON (Alliance News) - Shares in Jangada Mines PLC rose Tuesday as the company announced mineral finds at the Ptombeiras West deposit, including vanadium.Shares were 11% higher on Tuesday

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28 Jan 2019 11:44

Jangada Mines Hails "Significant" Step After Resource Upgrade

LONDON (Alliance News) - Jangada Mines PLC on Monday reported a more than doubling of its resource at the Pedra Branca platinum group metals project in Brazil.The total resource is now 74.8

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