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EARNINGS SUMMARY: ActiveOps loss narrows; Puma VCT net assets up

Tue, 29th Nov 2022 21:36

(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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ActiveOps PLC - Reading, England-based management software firm - Pretax loss for the six months to September 30 narrows to GBP606,000 from GBP991,000 a year before. Revenue grows 7% to GBP12.3 million versus GBP11.5 million. Attributes this to new customer wins and "substantial expansion deals," resulting in substantial growth in SaaS revenue. Remains optimistic about the future due to expansion deals on the horizon and an expanding product offering.

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First Property Group PLC - London-based property fund manager and investor - Pretax profit in the six months to September 30 falls 64% to GBP2.4 million from GBP6.7 million. The profit last year was flattered by a loan restructuring, it explains. Revenue grows to GBP4.2 million versus GBP4.0 million. Maintains an interim dividend of 0.25 pence per share. "There is bound to be a period of weakness, but things should settle during 2023 as long as there are no other shocks to the system. In time, higher inflation should result in rents increasing across the board, though a recession may slow down this adjustment," Chief Executive Ben Habib comments.

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Eco Atlantic Oil & Gas Ltd - Toronto-based oil and gas exploration company - Reports net loss of USD16.5 million for the six months to September 30, widened from USD1.2 million a year before, as total operating expenses jump to USD17.3 million from USD1.4 million. Interest income multiplies to USD56,452 from GBP8,435. Expects to have roughly USD17.5 million cash and cash equivalents at the end of November 2022, following receipt of the initial proceeds from the sale of the Kozani project in the coming days. "We remain highly optimistic about the potential contained within the Orinduik Block, and we are working with our JV partners to drill another well as quickly as possible. Guyana remains one of the most exciting exploration hotspots, alongside Orange Basin SA and Namibia, where we also hold a highly strategic acreage position, and we are working hard to deliver value for all our stakeholders across our asset portfolio in the near to medium term," President & CEO Gil Holzman comments.

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Karelian Diamond Resources PLC - Dublin-based diamond explorer - Swings to a pretax profit of EUR13,593 in the financial year that ended May 31 from a loss at EUR422,192 the year prior. The profit was generated as a result of the movement in fair value of warrants totalling EUR389,904, it explains. Looks forward to receiving the necessary land valuation decisions in addition to the planned diamond exploration work in Finland.

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Atrato Onsite Energy PLC - London-based renewable energy investment trust - Net asset value per share stands at 92.8 pence as at September 30, down versus 97.4 pence as at March 31. Share price on the same date falls to 99.5 pence from 112.5 pence. Declares a dividend of 3.01p, in line with its target set out at the IPO. Deploys GBP49 million into a diversified portfolio of solar photovoltaic systems during the period. "Our investments support the UK's net zero agenda whilst delivering progressive dividend income and long-term opportunities for capital growth. We are encouraged and feel confident in the position we have built for onsite solar in the UK," Chair Juliet Davenport comments.

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Inqo Investments Ltd - South Africa-focused investment firm - Pretax loss in the half-year period to August 31 widens to ZAR5.2 million, or GBP255,916, from ZAR5.8 million a year before, as selling & administrative expenses to ZAR3.8 million from ZAR2.4 million. Revenue multiplies to ZAR3.4 million from ZAR607,688. Says that it remains in a good financial position with total assets of ZAR147.5 million and minimal debt.

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Puma VCT 13 PLC - venture capital trust - Net asset value as at August 31 stands at 136.33 pence, up from 129.84p the year before. This can be attributed to an upward revaluation across the majority of holdings, it explains. Records a return of 2.42p per share.

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Conroy Gold & Natural Resources PLC - Dublin-based gold exploration and development focused on Ireland and Finland - Swings to a pretax loss of GBP256,484 from a profit of GBP211,010 in the year which ended May 31. Operating expenses rise to GBP832,340 versus GBP752,619. Records no revenue in the period, unchanged from a year before. "Overall, we have made excellent progress in the last year and we will look to accelerate the pace of the work programme in the current year," Chair Richard Conroy comments.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
9 Apr 2024 12:42

Karelian Diamond Resources reveals promising analysis results

(Sharecast News) - Karelian Diamond Resources revealed promising results from the electron microprobe analysis of Kimberlitic garnets extracted from till samples on Tuesday.

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9 Apr 2024 11:20

IN BRIEF: Karelian says Kuhmo region could hold more coloured diamonds

Karelian Diamond Resources PLC - Finland-focused diamond exploration company - Says analysis of Kimberlitic garnets taken from near the location where the company discovered a green diamond indicate the presence of a diamond stability field and diamond-bearing Kimberlite. In 2022, Karelian found a green diamond in the Kuhmo region of Finland, and subsequently submitted sixty garnets sourced nearby to Renaud Geological Consulting Ltd for testing in Canada. Karelian says the discovery "could be particularly significant as coloured diamonds, including green diamonds, sell for prices which can be multiples of those for clear colourless diamonds".

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11 Mar 2024 13:42

Karelian Diamond shares fall as Lahtojoki land court date approaches

(Alliance News) - Karelian Diamond Resources PLC on Monday said it now has official notice of a court date regarding land concessions needed to develop its Lahtojoki diamond mine.

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11 Mar 2024 12:13

Karelian given court date for Lahtojki mine land appeals

(Sharecast News) - Karelian Diamond Resources said Monday that it has received notice of the court hearing date from the Finnish Land Court, addressing appeals from two landowners around compensation and the mining boundary of the planned Lahtojki diamond mine.

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29 Feb 2024 18:52

EARNINGS AND TRADING: Frontier IP sells last of Exscientia holding

(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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29 Feb 2024 13:39

Karelian Diamond Resources makes progress in first half

(Sharecast News) - Karelian Diamond Resources reported progress in obtaining a mining concession for the Lahtojoki diamond deposit in its first-half results on Thursday.

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25 Jan 2024 21:59

TRADING UPDATES: Karelian gets permit extension, Starwood ups dividend

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

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19 Dec 2023 14:45

Karelian posts positive findings in hunt for Green Diamond source

(Sharecast News) - Karelian Diamond Resources said in an update on Tuesday that positive findings from basal till samples collected up-ice from the green diamond discovery site had brought it closer to identifying the source of the Kuhmo Green Diamond, previously unveiled on 31 January 2017.

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14 Dec 2023 15:46

UK shareholder meetings calendar - next 7 days

Friday 15 December 
Abingdon Health PLCAGM
Aptamer Group PLCAGM
Bellway PLCAGM
CQS Natural Resources Growth & Income PLCAGM
DCI Advisors LtdAGM
Ethernity Networks LtdGM re subscription agreement
Frontier IP Group PLCAGM
Holders Technology PLCGM re AIM delisting and tender offer
Renalytix PLCAGM
Schroder Real Estate Investment Trust LtdEGM re proposed amendments to the investment policy
Tristel PLCAGM
Ultimate Products PLCAGM
Wentworth Resources PLCAGM
Monday 18 December 
Ascential PLCGM re proposed sale of digital commerce business
Braemar PLCAGM
Eqtec PLCEGM re capital reorganisation
Fandango HoldingsAGM
Grit Real Estate Income Group LtdAGM
LondonMetric Property PLCGM re revised directors' remuneration policy
Nightcap PLCAGM
Surface Transforms PLCGM re fundraising
TechFinancials IncAGM
Tuesday 19 December 
dotdigital Group PLCAGM
easyJet PLCGM re buy of 157 A320neo family aircraft
Microsaic Systems PLCGM re fundraising
Netcall PLCAGM
Orosur Mining IncAGM
Technology Minerals PLCAGM
Zanaga Iron Ore Co LtdAGM
Wednesday 20 December 
AVI Global Trust PLCAGM
Lift Global Ventures PLCAGM
Northamber PLCAGM
RM Infrastructure Income PLCGM re managed wind-down
SolGold PLCAGM
Thursday 21 December 
Beacon Energy PLCAGM
Beeks Financial Cloud Group PLCAGM
Coinsilium Group LtdAGM
Conroy Gold & Natural Resources PLCAGM
Gfinity PLCAGM
Helium Ventures PLCAGM
Karelian Diamond Resources PLCAGM
Kin & Carta PLCCourt and GM re takeover by Apax Partners LLP 
Macau Property Opportunities Fund LtdAGM
Pathfinder Minerals PLCGM re proposed GBP1.3 million fundraise
ScS Group PLCGM re takeover by Cerezzola
VietNam Holding LtdAGM
VietNam Holding LtdEGM re introducing redemption facility
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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29 Nov 2023 18:07

TRADING UPDATES: Aura eyes Tiris expansion; Kavango backs Pambili

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

Read more
12 Oct 2023 17:54

IN BRIEF: Karelian Diamond Resources positive after sampling programme

Karelian Diamond Resources PLC - Announces that indicator mineral and microprobe analysis results from a stream sampling programme in Northern Ireland confirms the prospectivity of the company's licence area for nickel, copper and platinum group metals. Explains the sampling programme was a follow up to an earlier sampling programme which suggested the potential of the area for these metals. Says the results of this programme, taken in conjunction with results from the previous programme, indicate a highly anomalous river catchment area. This area has yielded five samples each having over 1,000 indicator minerals, company says, with the indicator minerals primarily chromite and forsterite with some chalcopyrite and gold grains. In addition, microprobe analysis on a number of chromite grains from samples taken showed that four samples had chromites with high zinc oxide values. Notes this can be a signature of sulphide rich nickel-copper group elements deposits. Plans follow-up programme.

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12 Oct 2023 13:26

Karelian reports positive findings from Northern Ireland sampling

(Sharecast News) - Karelian Diamond Resources updated the market on its ongoing sampling programme in Northern Ireland on Thursday, confirming through indicator mineral and microprobe analysis results that its licensed area showed significant prospectivity for nickel, copper, and platinum group metals.

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10 Oct 2023 16:08

Karelian finishes pitting programme in Kumho region

(Sharecast News) - Karelian Diamond Resources announced on Tuesday that it has successfully concluded a comprehensive pitting programme, traversing over 23 kimberlite target locations in the Kuhmo region of Finland.

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18 Jul 2023 13:44

IN BRIEF: Karelian Diamond starts follow up exploration in Finland

Karelian Diamond Resources PLC - Finland-focused exploration company based in Dublin - Starts follow up diamond exploration programme focused on excavation and drilling in the Kuhmo region of Finland. Chair Richard Conroy says: "I am delighted that a total of nearly forty kimberlite targets have been identified up-ice of the green diamond discovered by the company and that these targets will now be tested by excavation and in some cases by drilling. This programme marks a further major move forward in the exploration of the highly promising Kuhmo region of Finland in which the presence of diamonds has been confirmed in the best possible way by the company's discovery of a green diamond."

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19 May 2023 13:23

Karelian Diamond launches fundraise, agrees loan with Conroy Gold

(Alliance News) - Karelian Diamond Resources PLC on Friday said it will place 4.0 million new shares to fund exploration programmes in Finland and Northern Ireland, and has entered debt capitalisation and convertible loan agreements with Conroy Gold and Natural Resources PLC.

Read more

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