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Pin to quick picksKefi Gold & Copper Share News (KEFI)

Share Price Information for Kefi Gold & Copper (KEFI)

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Share Price: 0.644
Bid: 0.644
Ask: 0.676
Change: -0.025 (-3.74%)
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Open: 0.698
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UK TRADING UPDATE SUMMARY: SpaceandPeople Hit By UK, Germany Lockdowns

Fri, 24th Apr 2020 13:09

(Alliance News) - The following is a round-up of updates by London-listed companies on the impact of the Covid-19 pandemic, issued on Friday and not separately reported by Alliance News:

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SpaceandPeople PLC - retail space selling and marketing - Says UK and Germany severely hurt by Covid-19 outbreak amid closures of shopping centres. Majority of staff in UK and Germany furloughed. Postponed 2019 results. Says it has received approval for additional GBP1 million through UK government coronavirus business interruption loan.

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Ground Rents Income Fund PLC - real estate investment trust - Notes "material valuation uncertainty" due to Covid-19. Company portfolio value falls 0.2% to GBP122.6 million at March 31. Will still pay 0.99 pence per share interim dividend.

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Alternative Income REIT PLC - real estate investment trust - Says well-positioned despite Covid-19 causing global uncertainty. To continue paying "attractive" quarterly dividend. Received 82% of rent due in March, EPRA net asset value per share down 17% quarter-on-quarter to 1.268 pence per share on March 31.

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Standard Life Private Equity Trust PLC - investor - Says too early to quantify impact of Covid-19 outbreak. NAV per share rose 0.6% to 464.5p in quarter ended December 31.

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CVC Credit Partners European Opportunities Ltd - investor - Cuts dividend target to 4 pence for next 12 months, due to impact of Covid-19. Would represent a 27% reduction from 5.5p in 2019.

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Petards Group PLC - surveillance systems - Postpones 2019 results to end of May. Says not able to provide guidance due to pandemic. Notes timing of contract awards with Department for Transport, the Ministry of Defence and train operators unknown as they focus on Covid-19 response.

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Shearwater Group PLC - cybersecurity - Says step-up in software sales due to increased demand amid virus outbreak. Plans to raise GBP2.5 million through placing, agrees new three-year GBP4 million revolving credit facility with Barclays Bank PLC.

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Bilby PLC - building services - Says operations deemed essential by UK government. Says Covid-19 outbreak has presented challenges due to social restrictions causing delays to projects. Saving costs, altering shift patterns and using government measures such as furlough scheme.

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Amiad Water Systems Ltd - water systems - Says directors take pay cut amid pandemic. Non-essential spend and travel halted. Too early to assess impact of virus outbreak.

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DWF Group PLC - law firm - Agrees increase to revolving credit facilities and relaxation of banking covenants. Agreement means new GBP15 million facility in addition to GBP80 million existing financing. Says enough liquidity to manage Covid-19 crisis.

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KEFI Minerals PLC - gold explorer - Has altered timing of work at Tulu Kapi project, Ethiopia due to virus. Still expects full gold production at Tulu Kapi in 2022.

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Vertu Motors PLC - car retailer - Says annual results will now be published on June 3, with annual general meeting moved to August 20 from late June.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
11 Jun 2018 10:45

KEFI Minerals Secures Ethiopian Investors For Tulu Kapi Gold Mine

LONDON (Alliance News) - KEFI Minerals PLC shares spiked Monday after it the company reached an agreement with an Ethiopian investment syndicate for 30% of KEFI's wholly-owned operating KEFI a

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15 May 2018 13:12

KEFI Minerals Stays In Contact Amid Changes In Ethiopian Government

LONDON (Alliance News) - Gold mining company KEFI Minerals PLC said on Tuesday it noted the changes in the Ethiopian government on April 2, including a new prime minister and new state minister of

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8 May 2018 13:23

KEFI Minerals Issues Bonds To Fund Ethiopia's Tulu Kapi Project (ALLISS)

LONDON (Alliance News) - KEFI Minerals PLC on Tuesday said it has formally given consent for its bond arranger to place USD160.0 million of listed infrastructure bonds.The bonds, KEFI said,

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13 Feb 2017 09:28

Kefi Minerals to raise £5.62m to develop Ethiopian gold project

(ShareCast News) - Miner Kefi Minerals aims to raise £5.62m from a share and subscription placing in order to develop its gold project in Ethiopia. The AIM-listed company is to raise £600,000 from a share placing of 10.69m shares of 0.33p to be sold at 5.61p each, a subscription by certain directors

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25 Oct 2016 13:58

KEFI Minerals positive about talks with Ethiopian Government

(ShareCast News) - Gold exploration and development company KEFI Minerals provided an update on its discussions with the Government of Ethiopia on Tuesday, over various aspects involved in formalising the agreements for the development of the Tulu Kapi Gold Project. The AIM-traded firm confirmed tha

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13 Jul 2016 08:59

KEFI Minerals Prepares For Gold Production With Board Reshuffle

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6 Jul 2016 09:33

New Nyota Minerals Board Makes Cost Savings Top Priority

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30 Jun 2016 10:34

KEFI Minerals Looks To Finalise Approvals For Tulu Kapi Gold Project

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23 Jun 2016 15:08

UK Shareholder Meetings Calendar - Next 7 Days

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7 Jun 2016 09:43

KEFI Minerals Signs New Tulu Kapi Contractor As Loss Narrows In 2015

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2 Jun 2016 13:51

Kefi Minerals further cuts Tulu Kapi funding requirements

(ShareCast News) - Shares in Kefi Minerals are down about 5% as it further cut the funding requirements and finance costs for developing the Tulu Kapi Gold Project in Ethiopia. The Saudi Arabia- and Ethiopia-facing gold exploration and development firm said it remained on track to execute syndicated

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2 Jun 2016 06:53

KEFI Continues To Optimise Tulu Kapi Plan As Funding Requirements Fall

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16 May 2016 14:05

KEFI says Ethiopia to invest $20m for equity in Tulu Kapi Gold Project

(ShareCast News) - KEFI Minerals said the Government of Ethiopia has formally committed to invest $20m for equity in the Tulu Kapi Gold Project. The money would go to roads, power and certain other associated infrastructure required by the project. The investment would see the Government of Ethiopia

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16 May 2016 08:06

Ethiopian Government Invests USD20 Million Into KEFI's Tulu Kapi Asset

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11 Apr 2016 10:18

KEFI Believes Tulu Kapi Can Generate Enough Cash To Pay Dividends (ALLISS)

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