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Pin to quick picksKatoro Gold Share News (KAT)

Share Price Information for Katoro Gold (KAT)

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Share Price: 0.09
Bid: 0.08
Ask: 0.10
Change: 0.00 (0.00%)
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AIM WINNERS & LOSERS: Mothercare goes global; Katoro Gold needs cash

Fri, 22nd Sep 2023 11:22

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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AIM - WINNERS

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Mothercare PLC, up 20% at 5 pence, 12-month range 3.5p-11p. The retailer for parents and young children reports its annual results for the 52 weeks that ended March 25. Loss before tax narrows to GBP2.2 million from GBP11.1 million the year before, despite 11% fall in turnover to GBP73.1 million from GBP82.5 million. Adjusted operating profit falls 44% to GBP6.2 million from GBP11.1 million, but Mothercare notes that retail sales and adjusted earnings from continue markets grows. After a rocky period with the loss of Russian sales and the five-month tenure of its CEO, Mothercare Chair Clive Whiley says, "there is still work to do" but the firm is ready to "leave behind the turmoil of recent years". The firm plans to complete a refinancing shortly and is still in talks with a number of key stakeholders and finance partners. "Mothercare remains in an unparalleled position of being a highly trusted British heritage brand, with a significant opportunity to leverage this brand equity and grow our global presence beyond our existing franchise network," Whiley adds.

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AIM - LOSERS

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Katoro Gold PLC, down 15% at 0.072p, 12-month range 0.06p-3p. The strategic and precious minerals exploration and develop firm warns that cash may run out by the end of the month, and it is reliant on completing a fundraise to fund its ongoing working capital. Cites net liability position of GBP303,280, but available cash reserves of just GBP25,443 as at June 30. "In the past the group has raised funds via equity contributions from new and existing shareholders...There can be no assurance that such funds will continue to be available on reasonable terms, or at all in future," it says. Katoro reports no revenue for the first half of 2023, unchanged from a year prior, as pretax loss narrows to GBP311,094 from GBP540,225.

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Comptoir Group PLC, down 14% at 6.15p, 12-month range 4.25p-8p. The owner and operator of Lebanese and Middle Eastern restaurants reports its interim results. In the six months to July 2, revenue edges up 2.1% year-on-year to GBP14.8 million from GBP14.5 million, but Comptoir swings to a pretax loss of GBP1.3 million from a GBP1.3 million profit. CEO Nick Ayerst says the board has "every confidence" in Comptoir's prospects for the remainder of the year and into 2024. "Despite the challenging macro environment, trading and the overall outperformance of our peers is encouraging. The group has a strong base to continue to operate from, and we will look to grow in H2 and into 2024 and beyond," he says.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
17 Apr 2024 13:55

Katoro Gold shares fall despite Haneti project advancements

(Alliance News) - Katoro Gold PLC shares fell on Wednesday, after it updated shareholders on projects, contracts, and new executives.

Read more
17 Apr 2024 09:08

Katoro Gold reports progress on multiple fronts

(Sharecast News) - Katoro Gold said in an update on Wednesday that at the Haneti Project, it had conducted a series of technical meetings and reviews and was preparing to advance to the next stage of exploration.

Read more
19 Mar 2024 16:17

EARNINGS AND TRADING: Pebble doubles dividend despite reduced profit

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

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29 Feb 2024 13:11

Katoro formally appoints Power Metal CEO as new non-executive chair

(Alliance News) - Katoro Gold PLC on Thursday appointed Sean Wade as non-executive chair with immediate effect

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15 Feb 2024 14:00

IN BRIEF: Katoro Gold names Power Metal CEO as new chair

Katoro Gold PLC - London-based gold and nickel exploration and development company - Proposes hiring Sean Wade, chief executive officer of Power Metal Resources PLC, as non-executive chair. Katoro and Power Metal are joint venture partners on the Haneti Project in central Tanzania. Wade previously served in various senior mining roles including at Berkeley Energia PLC, Pensana PLC and Asia Resource Minerals PLC, and "has worked on numerous transactions in the capital markets". Former Chair Louis Coetzee will remain as executive director after Wade's appointment until a new director is appointed. He will then leave the board and company, but serve as a consultant to Katoro until July 31.

Read more
14 Feb 2024 15:25

IN BRIEF: Katoro Gold gets additional financing; raises GBP825,000

Katoro Gold PLC - London-based gold and nickel exploration and development company - On Monday, Katoro announced a financing, raising GBP750,000. Says its broker SI Capital Ltd has received, and the company accepted, a further order from a single institution raising an additional GBP75,000 cash. This additional financing increases the total amount raised to GBP825,000.

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12 Feb 2024 19:44

TRADING UPDATES: Katoro Gold launches fundraising, eyes board shake-up

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

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3 Jan 2024 08:58

Katoro Gold says no proof of payment from Imweru joint venture partner

(Alliance News) - Katoro Gold PLC on Wednesday said its joint venture partner for the Imweru gold project in Tanzania has failed to provide proof of a key payment.

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3 Jan 2024 07:38

Katoro waiting for agreed payment from Lake Victoria Gold

(Sharecast News) - Minerals explorer and developer Katoro Gold reported on Wednesday that Lake Victoria Gold (LVG), under its joint venture agreement, had yet to provide any evidence of payment for the agreed capital contribution due on 31 December.

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22 Sep 2023 14:05

Katoro Gold narrows annual loss but cash may run out this month

(Alliance News) - Katoro Gold PLC shares fell sharply on Friday as it announced a narrowed loss but few available cash reserves, and said it needs further funds to support its ongoing working capital.

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22 Sep 2023 11:48

Katoro Gold shares tank on funding fears

(Sharecast News) - Katoro Gold lost almost a fifth of its market value on Friday after the Sub-Saharan Africa-focused miner warned that it could run out of money by the end of the month.

Read more
29 Jun 2023 15:49

UK shareholder meetings calendar - next 7 days

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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9 Jun 2023 10:36

Katoro Gold annual loss widens on impairments, outlook hopeful

(Alliance News) - Katoro Gold PLC on Friday said its annual loss widened due to impairments linked to a drilling programme.

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3 Apr 2023 15:34

IN BRIEF: Katoro Gold raises GBP150,000 in placing and subscription

Katoro Gold PLC - Gold and nickel exploration and development company - Raises GBP150,000 at 0.1 pence per share through a placing by SI Capital of GBP130,000 and director's subscription of GBP20,000, both of which will be used to fund the company's ongoing working capital requirements. Katoro has also issued GBP48,000 of new shares in settlement of accrued director fees outstanding.

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