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Share Price: 3.70
Bid: 3.60
Ask: 3.80
Change: 0.15 (4.23%)
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Open: 3.60
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UK TRADING UPDATE SUMMARY: Retailer Sosandar In Quarterly Revenue Jump

Tue, 07th Jul 2020 16:35

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

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Sosandar PLC - Cheshire-based women's clothing retailer - Says first quarter revenue surges by 54% annually. Has seen 24% increase in new customers during quarter.

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Altitude Group PLC - personalised products marketplace operator - Trading between January and mid-March went as forecast though between mid-March and May, supplier partners posted 80% year-on-year slumps in regular promotional orders. Activity has increased as some US states emerge from lockdown, order activity in June at 50% of prior year.

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Rosslyn Data Technologies PLC - procurement and master data management solutions provider - Notes it has continued to support its clients, across various sectors such as banking and pharmaceuticals, during Covid-19 pandemic. Notes it saved one customer GBP12 million through data and invoicing assistance.

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Argo Blockchain PLC - cryptocurrency miner - Mined 180 bitcoin or bitcoin equivalent in June, down 29% from 252 in May. Argo notes month-on-month reduction down to "rise in mining difficulty mid-month and an adjustment to more cost-efficient mining".

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PCI-PAL PLC - secure payment solutions provider - Expects to report revenue of GBP4.4 million for year to June 30, up 55% from GBP2.8 million. Expects revenue growth between 50% and 60% in financial 2021.

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Live Company Group PLC - events firm - Says significant cost savings achieved in second quarter. BRICKLIVE Animal Paradise site now open in a Michigan zoo but number of events booked for quarter postponed due to Covid-19.

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Enwell Energy PLC - Ukraine-focused oil and gas explorer - Says overall production volumes in Ukraine rose 13% year-on-year in second quarter. Notes SV-54 development well completed after reaching final depth of 5,322 metres.

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Cadence Minerals PLC - Mineral resources investor based in London - Says Amapa iron ore project owner DEV Mineracao SA yet to reach a settlement with its creditors. It remains the last precondition before Cadence takes stake in project.

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Aura Energy Ltd - Australian minerals exploration firm - Signs CAD4.5 million, about GBP million, funding term sheet with Toronto-listed Chilean Metals Inc for Aura's gold, base and battery metal tenements in Mauritania.

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Thor Mining PLC - London-based vanadium miner - Reports "positive" assay results from field sampling of potential vanadium acquisition in Colorado.

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Zenith Energy Ltd - Africa-focused oil & gas producer - Enters into a joint-venture agreement with an oil and gas firm in Republic of Congo. Purpose of the pact is to acquire an onshore oil production licence which had output rate of 300 barrels of oil per day in 2019.

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Pure Gold Mining Inc - Canada-based gold mine developer - Exploration drilling at Red Lake mine funds "high-grade gold mineralisation".

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PureTech Health PLC - London-based biotherapeutics firm - Founding entity Vor raises USD110 million in Series B financing. Cash to go towards advancing the VOR33 candidate into clinical trials.

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Inspiration Healthcare Group PLC - Crawley-based medical technology company - Notes that GBP18.0 million deal to acquire SLE Ltd has been completed.

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Vectura Group PLC - London-based drug delivery products - Notes Novartis's Enerzair Breezhaler asthma treatment product inks regulatory green light in Europe and Japan. Vectura receives USD6.3 million in milestone payments. Product uses Vectura's formulation IP.

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Open Orphan PLC - pharmaceutical services company - Signs three new laboratory services contracts. Notes one contract is with University of Cambridge spin-off NoBACZ Ltd which is developing an antimicrobial coating for everyday surface to prevent illness trasmission.

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SkinBioTherapeutics PLC - Macclesfield-based skin health-focused life sciences company - Finishes stable formulation of AxisBiotix product, a food supplement which treats psoriasis.

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Path Investments PLC - energy and natural resources investment company - Terms of acquisition of Zoetic International PLC's 75% stake in DT Ultravert altered. Path will now issue 15.0 million warrants at an exercise price of 0.75p, together with 15.0 million warrants exercisable at 1.5p. Path to also pay Zoetic a royalty of 6% from all revenue at DTU.

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Aberdeen New India Investment Trust PLC - investment trust - Enters into two-year GBP30 million loan pact with Royal Bank of Scotland International Ltd

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Frontier IP Group PLC - intellectual property investment company with offices in Edinburgh, Cambridge and London - Portfolio company Celerum Ltd sub-contracted to support software development for Aberdeen-based PlanSea Solutions Ltd. Frontier holds a 34% stake in Celerum.

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Braveheart Investment Group PLC - private equity and venture capital firm - Investee Paraytec Ltd progressing with Covid-19 test development with University of Sheffield. Producing an artificial version of virus to avoid using live Covid-19.

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Gresham House Energy Storage Fund PLC - London-based energy storage investor - Launches debt issue to fund acquisition of battery storage products. Aims to generate proceeds of GBP15 million through an initial issue of 5.0% per year fixed rate bonds.

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Gunsynd PLC - London-based investment firm - Placed a further 16.0 million shares due to investor demand, raising GBP104,000. Proceeds will go towards making investments.

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Helical PLC - property investor with office assets in London - On July 3, 76% of rent for June quarter was collected with further 15% agreed to be paid in instalments.

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Impax Asset Management Group PLC - sustainability-focused investor - Assets under management at end of June totalled GBP18.1 billion, a 26% increase during third quarter.

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Velocity Composites PLC - composite materials supplier for aerospace sector - Lands new framework agreement with customer that is a UK prime contractor in the defence sector.

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Avingtrans PLC - engineering firm - Revenue for year ended May 31 expected to rise 8.6% to GBP114 million from GBP105 million. Says Covid-19 shrouds visibility for financial 2021, so net year ready to release guidance.

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Seeing Machines Ltd - monitoring systems developer - Welcomes Moving Forward Act which has been passed by US House of Representatives. Bill requires vehicles to pass safety checks including automatic braking, lane-keeping, blind-spot detection, event data recorders. Bill needs Senate approval now.

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LPA Group PLC - LED lighting system manufacturer - Secures GBP3.3 million in contract wins in UK and export rail markets.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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11 Apr 2024 10:53

UPDATE: European Metals produces lithium hydroxide monohydrate

European Metals Holdings Ltd - Czech Republic-focused mineral exploration and development - Produces lithium hydroxide monohydrate from pregnant leach solution, which was manufactured during the recent larger-scale Cinovec pilot programme. Says the pilot programme confirms the viability of the lithium chemical plant process flow sheet for the industrial-scale production of lithium carbonate and lithium hydroxide. Chair Keith Coughlan says: "We are extremely pleased with the results from the lithium hydroxide test program. The lithium hydroxide produced was of the highest grade possible and exceptionally clean. This, when combined with the ability to produce either battery-grade lithium carbonate or hydroxide, enables a wider range of off-takers for the Cinovec product." Cadence Minerals PLC, an investment and development company focused on energy transition minerals which owns a 3.2% stake in European Metals, positively notes the firm's update.

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TRADING UPDATES: Beowulf consolidates Vardar; GIF outpaces benchmark

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

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5 Apr 2024 14:10

IN BRIEF: Cadence Minerals down 33% on discounted fundraise

Cadence Minerals PLC - investment and development company focused on energy transition minerals - Announces successful fundraise of GBP500,000 through the placing of 16.7 million new shares at a price of 3 pence each. The issue price represents a roughly 43% discount to the company's closing price of 5.25 pence on Thursday. Admission of the new shares to the AIM market of the London Stock Exchange is expected to occur by April 11. Cadence also issues one warrant for each new share, giving subscribers rights to acquire one additional share per warrant held. The warrants are exercisable at a price of 5p each and expire in March, 2025.

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28 Mar 2024 14:27

Cadence Minerals "enthused" as increases stake in Amapa project

(Alliance News) - Cadence Minerals PLC announced on Thursday that it increased its investment in the Amapa iron ore project in Brazil.

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27 Mar 2024 12:20

Cadence Minerals expects review at lithium project to improve outcome

(Alliance News) - Cadence Minerals PLC announced on Wednesday that a review is underway at the Cinovec lithium project in the Czech Republic.

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22 Mar 2024 16:29

Cadence Minerals upbeat on capex optimisation work

(Sharecast News) - Cadence Minerals announced the culmination of its capital expenditure optimisation programme at the Amapá Iron Ore Project on Friday, marking a significant milestone towards operational efficiency and sustainability.

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22 Mar 2024 11:58

Cadence Minerals completes capex scheme, finds USD63.2 million savings

(Alliance News) - Cadence Minerals PLC announced on Friday the successful completion of a capital expenditure optimisation programme at its Amapa project in Brazil, alongside identifying USD63.2 million in cost savings.

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14 Mar 2024 18:26

TRADING UPDATES: Horizonte subsidiary hit with debt injunction

(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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14 Mar 2024 13:48

Cadence Minerals investee Evergreen reports progress at Bynoe

(Sharecast News) - Cadence Minerals updated the market on its investee company, ASX-listed Evergreen Lithium, on Thursday, after the latter disclosed significant developments in its phase three geochemical soil sampling programme at Bynoe in Australia's Northern Territory.

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8 Mar 2024 20:04

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

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29 Jan 2024 14:06

European Metals extends exploration licences for Cinovec project

(Alliance News) - European Metals Holdings Ltd on Monday said it had granted an extension to all four Cinovec exploration licences.

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22 Jan 2024 12:34

IN BRIEF: Cadence says Evergreen gets AAPA approval for Bynoe project

Cadence Minerals PLC - London-based investor backing mineral resource assets - Notes Evergreen Lithium Ltd's receipt of its Aboriginal Areas Protection Authority Certificate for the Bynoe project in the Northern Territory in Australia, where the Cadence has identified multiple large and significant lithium pegmatite targets for drill testing. The AAPA is responsible for overseeing the protection of Aboriginal sacred sites on land and sea across the whole of Northern Territory. Cadence holds 15.8 million shares, equivalent to 8.7% of the issued share capital of Evergreen and is its largest shareholder.

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22 Dec 2023 11:44

IN BRIEF: European Metals shares fall 20% as Cinovec work delayed

European Metals Holdings Ltd - Czechia-focused mineral exploration and development company - Says delivery of definitive feasibility study for the Cinovec lithium project in the Czech Republic is now scheduled for the first quarter of 2024. Says approval granted for timetable extension so Geomet and project study team, DRA Global and Bara Consulting, can complete capital and operating cost estimation, and project implementation scheduling. Says process of obtaining sufficient and diverse proposals, from "numerous" external suppliers and contractors, will take longer than originally planned. Company "believes it is prudent to allow the necessary time to complete the study to the highest standard". Says it does not expect extension to impact the overall project timeline, and that permitting is "already well underway". Cadence Minerals PLC, which holds approximately 5.3% of the equity in European Metals, is "pleased to note" the announcement.

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

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EARNINGS AND TRADING UPDATES: Wishbone Gold celebrates project buy

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

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