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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: 0.10
Bid: 0.09
Ask: 0.11
Change: 0.02 (25.00%)
Spread: 0.02 (22.222%)
Open: 0.08
High: 0.10
Low: 0.08
Prev. Close: 0.08
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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
30 Sep 2019 11:24

Katoro Gold extends due date for Imweru disposal to end of October

(Sharecast News) - Tanzania-focussed exploration and development company Katoro Gold updated the market on the proposed disposal of its Imweru gold project to Lake Victoria Gold for a total staged cash consideration of up to $1m and a 1.5% net smelter royalty on Monday, which it initially announced on 22 August.

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13 Sep 2019 09:38

Katoro Gold Interim Loss Widens; Prepares For Drilling At Haneti

(Alliance News) - Katoro Gold PLC on Friday said it is making progress on the development of Haneti nickel project in Tanzania, after reporting a widened loss for the first half of 2019.The

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22 Aug 2019 15:36

Katoro Gold agrees term sheet for disposal of Reef Miners

(Sharecast News) - Tanzania-focussed gold and nickel exploration and development company Katoro Gold has agreed a term sheet with Lake Victoria Gold, it announced on Thursday, covering the disposal of its wholly-owned subsidiary Reef Miners, which owns the Imweru gold project and the Lubando gold project in northern Tanzania.

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22 Aug 2019 11:57

Katoro Gold Agrees Tanzania Gold Project Sales In Battery Metals Push

(Alliance News) - Katoro Gold PLC said Thursday it agreed a USD1.0 million sale of its gold projects in Tanzania to Lake Victoria Gold Ltd as part of its increasing focus on battery has agreed the

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29 Jul 2019 12:25

Katoro Gold Looking For Partners To Develop Tanzania Projects

(Alliance News) - Katoro Gold PLC on Monday said it has received interest from other parties for either the purchase of all or part of two projects in Tanzania.Katoro has recently completed

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26 Jun 2019 13:52

Katoro Gold And Power Metal Confirm Drill Targets For Haneti, Tanzania

(Alliance News) - Katoro Gold PLC on Wednesday confirmed drill targets for it 75%-owned Hantei nickel project in Tanzania.Katoro said the project could host a chonolith nickel sulphide A is

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22 May 2019 14:58

Katoro Gold Annual Loss Narrows Amid Reduced Exploration Costs

LONDON (Alliance News) - Katoro Gold PLC on Wednesday reported a significantly narrowed full-year loss on lower exploration costs and non-recurring expenses of its initial public reported a pretax

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20 May 2019 14:13

Katoro Gold Identifies New Exploration Target At Haneti Nickel Project

LONDON (Alliance News) - Katoro Gold PLC on Monday said it identified a new, previously unknown, exploration target at its Haneti Nickel project in Tanzania.Katoro Gold shares jumped news a

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15 May 2019 17:42

African Battery Acquires Additional Stake In Katoro Gold

LONDON (Alliance News) - African Battery Metals PLC has exercised its option to acquire an additional interest in Katoro Gold PLC and thereby obtained a 25% interest in the Haneti Nickel Project a

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15 Mar 2019 13:32

African Battery Metals To Buy 25% Stake In Katoro Haneti Project

LONDON (Alliance News) - African Battery Metals PLC on Friday said it agreed to buy an interest in and Katoro Gold PLC together with up to 35% stake in Katoro's Haneti nickel project in Metals

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30 Jan 2019 15:24

Katoro Gold identifies high-priority targets at Haneti Nickel Project

(Sharecast News) - Tanzania-focussed exploration and development company Katoro Gold updated the market on its Haneti Nickel Project on Wednesday, reporting that its review and analysis of all historic work undertaken on the area was now complete.

Read more
30 Jan 2019 11:44

Katoro Gold Starts Work Programme On Haneti Nickel Project

LONDON (Alliance News) - Tanzania-focused exploration company Katoro Gold PLC said on Wednesday it has started a new work programme over the Haneti nickel project, following the analysis of all on

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26 Nov 2018 16:15

Kibo Energy Sells Haneti Nickel To Katoro Gold For GBP200,000 (ALLISS)

LONDON (Alliance News) - Africa-focused energy company Kibo Energy PLC said on Monday it has sold subsidiary Kibo Nickel Ltd to London-listed Katoro Gold PLC for GBP200,000 in Katoro will issue at

Read more
11 Sep 2018 13:54

Katoro Gold Loss Narrows Sharply As Progresses On Imweru Project

LONDON (Alliance News) - Katoro Gold PLC on Tuesday said loss narrowed significantly in the first half of 2018, as it prepares to buy Kibo Nickel Ltd from its majority shareholder.The said

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24 May 2018 12:34

Katoro Gold Shares Double As Further Potential Seen In Imweru Project

LONDON (Alliance News) - Shares more than doubled in Katoro Gold PLC on Thursday as it said it identified further potential in the exploration and development potential of the Inweru Gold Project

Read more

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