We would love to hear your thoughts about our site and services, please take our survey here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksKendrick Resources Share News (KEN)

Share Price Information for Kendrick Resources (KEN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.35
Bid: 0.30
Ask: 0.40
Change: -0.025 (-6.67%)
Spread: 0.10 (33.333%)
Open: 0.35
High: 0.35
Low: 0.35
Prev. Close: 0.375
KEN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: Somero revenue short of outlook; SigmaRoc optimistic

Fri, 03rd Feb 2023 13:41

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

----------

Somero Enterprises Inc - Fort Myers, Florida-based laser-guided machinery concrete levelling specialist - Expects 2022 revenue of USD134.0 million, surpassing 2021's USD133.3 million. However, revenue is down from USD138.8 million guidance. This is due to "supply chain shortages in our North America market on our customers' pace of work". "The board is pleased with the strong finish to 2022 and looks forward to 2023 with confidence based on the strength of the US market, direct feedback from our customer base on activity, and the growth opportunity in Europe and Australia and from new products. To capture this opportunity, the company remains committed to adding product development, sales, and support resources; a necessary near-term investment and cost with longer-term benefit," Somero says.

----------

SigmaRoc PLC - London-based quarried materials company - Says revenue grows 19% on organic like-for-like basis to GBP525 million in 2022. On reported basis, revenue improves 93% from GBP272.0 million. Expects underlying earnings before interest, tax, depreciation and amortisation to top GBP100 million, more than doubling from GBP49.3 million. Company adds: "Trading in the early weeks of FY23 has been encouraging, with more favourable energy cost and availability conditions supporting better than expected demand in a number of the group's European industrial products segments. The group has continued to take a dynamic position on pricing through inflationary cost increases, as well as identifying opportunities to improve efficiency across its network. As such, the board remains confident in the group's ability to achieve further progress in 2023."

----------

Mycelx Technologies Corp - clean water and clean air technology company - Beats guidance as achieves 2022 revenue of USD10.0 million, up from USD8.5 million in 2021. "Mycelx has made an encouraging start to 2023, having secured a purchase order for a six-month paid trial for a PFAS remediation system for treatment of landfill leachate, a potentially large market segment for the company's PFAS remediation offering. Subject to current market conditions continuing, the company expects to meet current guidance for 2023," company adds. PFAS is a waste water removal system.

----------

Ricardo PLC - West Sussex, England-based environmental and engineering consulting - Says trading in six months to December 31 in line with board expectations. Hails "good revenue and underlying profit growth". Annual outlook unchanged. Says order intake during six-month period was 425 higher on-year at GBP290 million.

----------

accesso Technology Group PLC - Berkshire, England-based provider of software for leisure, entertainment and cultural sectors - Expects 2022 revenue of "not less" than USD139 million, beating initial forecast. Revenue in 2021 amounted to USD134.8 million, so company expects rise of around 11%. "The group's expected full year performance underscores the increased demand for its range of innovative and highly differentiated technology, along with continued commitment to revenue growth and operational excellence," company says.

----------

TPXimpact Holdings PLC - London-based IT consulting firm - Expects third-quarter revenue to fall 3.95 to GBP19.0 million from GBP19.8 million. Gross profit weakens 15% to GBP5.2 million from GBP6.1 million. Lowers annual guidance, now expects revenue of GBP80 million, down from previous outlook of GBP90 million.

----------

Vector Capital PLC - London-based commercial lending group - Expects 2022 revenue of GBP5.9 million, in line with market expectations and up 12% from GBP5.3 million in 2021. Loan book grows 15% to GBP53.4 million at year-end, from GBP46.3 million. "Despite current market conditions, the group is able in most cases to pass on interest rate increases and continues to witness strong demand from potential customers introduced by its established broker network. The company is benefitting from its diverse portfolio as it increases it weighting towards lower value loans, reflected in the average year-end loan figures referred to above," Vector Capital says.

----------

Microlise Group PLC - Nottingham, England-based transport management software firm - Adjusted earnings before interest, tax, depreciation, and amortisation "slightly ahead of market expectations" in 2022. Expects revenue growth of 5% to GBP63.2 million. However, notes "industry headwinds" and supply chain disruption. "This resulted in non-recurring revenues slightly below our forecasts. However, the company delivered record levels of OEM sales which impacted sales mix and had positive working capital effect," Microlise adds.

----------

Venture Life Group PLC - Berkshire, England-based self-care product manufacturer and distributor - Expects to post 2022 revenue of GBP44.0 million, up 34% from GBP32.8 million in 2021. Outcome would be "slightly ahead of market expectations". Adjusted earnings before interest, tax, depreciation, and amortisation to be at least in line with market expectations.

----------

Cambridge Cognition Holdings PLC - Cambridge, England-based digital health products technology developer - Says revenue for 2022 ahead of market expectations, rising 25% to GBP12.6 million from GBP10.1 million. "Order intake for the year closed at GBP13.1 million, up 8% on the previous year's order intake of GBP12.1 million, excluding GBP3.6 million of large one-off orders taken in 2021. Order growth continued across the expanded product offering, driven in part by the continued demand for virtual clinical trials," company adds.

----------

ValiRx PLC - Hatfield Heath, England-based life sciences company focused on early-stage cancer therapeutics and women's health - Signs lease for laboratory space at MediCity in Nottingham. Also names Cathy Tralau-Stewart as chief scientific officer on permanent basis. Had been installed in post on interim basis. "She will also actively support the company strategically through membership of the executive team and as a board observer," ValiRx says.

----------

Goodbody Health Ltd - Somerset, England-based wellness company focusing on local community measures - Makes progress in phlebotomy services offering. Phlebotomy refers to using a needle to take blood from a vein. "The company has signed 4 phlebotomy contracts with other testing suppliers who wish to use Goodbody Clinics as a phlebotomy partner," Goodbody says.

----------

Northcoders Group PLC - Manchester-based software coding training provider - Says financial results for 2022 in line with expectations. Northcoders adds that revenue visibility for 2023 stands at GBP5.4 million an increase of 79% from this time last year. Company adds: "With demand continuing to achieve record highs, the board is confident about the group's prospects of the forthcoming year. The strong performance of the group has given the board confidence to invest additional funds to support the growth this year and beyond, and it intends to launch new growth initiatives to broaden the opportunities and appeal of the group's courses."

----------

Lift Global Ventures PLC - Financial media and energy sector focused investor - Subscribes for USD750,000 of unsecured convertible loan notes in Trans-Africa Energy Ltd. New investee is focused on developing of energy infrastructure projects located in Sub-Saharan Africa.

----------

Resolute Mining Ltd - Africa-focused gold miner - Quarterly gold output in final quarter of 2022 amounts to 91,777 ounces, from 79,816 ounces a year earlier. For 2022, output amounts to 353,069 ounces, beating 345,000 ounces guidance. For 2023, expects output of 350,000 ounces.

----------

Kendrick Resources PLC - exploration company focused on Norway, Sweden and Finland - Begins maiden diamond drill programme as Espedalen nickel project in Norway. In addition, names Martyn Churchouse as managing director. "Drilling will focus on the Stormyra ore body," Kendrick says.

----------

Clean Power Hydrogen PLC - Doncaster, England-based green hydrogen technology and manufacturing company - Strikes manufacturing agreement with New Zealand-based Fabrum Solutions Ltd. Fabrum is a cryogenic systems manufacturers for gas separation and hydrogen liquefaction. Fabrum will have right to manufacture MFE220 units in New Zealand on non-exclusive basis. "In addition, [Clean Power Hydrogen] has granted Fabrum a non-exclusive license to sell [Clean Power Hydrogen] products in New Zealand and Australia whereby [Clean Power Hydrogen] will receive a technology fee per unit," Clean Power says.

----------

Ecora Resources PLC - London-based natural resources royalty company - Hails "record" portfolio contribution of USD143.1 million in 2022, up 67% from USD85.6 million in 2021 as benefits from higher commodity prices. In fourth quarter alone, portfolio contribution falls 48% to USD17.8 million from USD34.1 million in the third quarter.

----------

By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
29 Apr 2024 20:47

IN BRIEF: Kendrick Resources loss widens as admin costs rise

Kendrick Resources PLC - London-based, Scandinavia-focused mineral exploration and development company - Reports pretax loss of GBP1.1 million in 2023 widened from GBP1.0 million a year earlier. Administrative cost increase to GBP580,287, up from GBP418,294.

Read more
22 Apr 2024 20:03

EARNINGS AND TRADING: Zenova's Kitemark award; Carnival's eyes savings

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

Read more
8 Feb 2024 13:59

IN BRIEF: Kendrick confirms vanadium mineralisation at Airijoki

Kendrick Resources PLC - London-based, Scandinavia-focused mineral exploration and development company - Says drilling confirms additional vanadium mineralisation to the north of the existing Airijoki JORC mineral resource in Sweden, initiating the next stage of project development. Chair Colin Bird says: "I am delighted to see that this drilling campaign testing the northern extension to the existing 44.3 [metric tonnes] Airijoki JORC Resource carries good whole rock Vanadium grades as well as Vanadium magnetite concentrate grades, demonstrating the potential to add to the existing resource at Airijoki."

Read more
7 Feb 2024 13:32

IN BRIEF: Kendrick Resources discovers new drill targets at Espedalen nickel complex

Kendrick Resources PLC - London-based, Scandinavia-focused mineral exploration and development company - Announces delineation of new nickel drill targets at following ground magnetic and electromagnetic surveys at its Espedalen nickel complex in Norway. Says the surveys have identified two prospective areas with a magnetic signature similar to the near-surface main zone of the known mineralisation. Chair Colin Bird says: "The successful 2023 diamond drill programme achieved notable [nicker-copper] intercepts over a strike length of 1.2 kilometres. These new geophysical survey results provide the evidence and motivation to expand the resource at the Stormyra deposit located within the Espedalen nickel and copper complex. The results will form part of further technical studies leading to drilling. The opportunity to build on the historical mineral resource of 1.1 metric tonnes at 1.1% nicand 0.50% copper is looking extremely likely, placing Stormyra as the forefront deposit within the Espedalen complex for development."

Read more
12 Oct 2023 12:21

IN BRIEF: Kendrick confirms vanadium mineralisation at Airijoki

Kendrick Resources PLC - London-based Scandinavia-focused mineral exploration and development company - Completes Airijoki extension drill programme in Vittangi, Sweden, drilling a total of 1,394 metres drilled from eight holes. Confirms continuity of vanadium mineralisation and undertakes drilling on two licences within seven contiguous licences. Says remaining five licences are prospective for both vanadium and copper. They will be subject to follow-up exploration.

Read more
29 Sep 2023 21:19

EARNINGS: Tan Delta revenue jumps; Kendrick Resources loss widens

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

Read more
21 Aug 2023 10:47

Kendrick Resources in diamond exploration drill programme in Sweden

(Alliance News) - Kendrick Resources PLC on Monday announced that it started a diamond exploration drill programme in Airijoki, Sweden.

Read more
7 Aug 2023 11:51

Kendrick Resources agrees to buy owner of two Swedish nickel assets

(Alliance News) - Kendrick Resources PLC on Monday said it signed a share sale and purchase agreement with EMX Royalty Corp to acquire all of EV Metals AB, which owns the Njuggtraskliden and Mjovattnet nickel exploration licences in Sweden.

Read more
24 May 2023 20:14

TRADING UPDATES: More Acquisitions cancels Megasteel buy; PCI-PAL rosy

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

Read more
28 Apr 2023 19:39

EARNINGS UPDATES: Hostmore revenue jumps, Aminex loss halves

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

Read more
24 Apr 2023 14:01

Kendrick Resources issues GBP4.4 million in shares for EMX purchases

(Alliance News) - Kendrick Resources PLC on Monday said it will issue shares worth GBP4.4 million in relation to its acquisition of three exploration projects in Norway.

Read more
20 Apr 2023 20:02

TRADING UPDATES: Manolete Partners reports record new case investments

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

Read more
29 Mar 2023 14:52

Kendrick Resources touts possibility of vanadium at Sweden asset

(Alliance News) - Kendrick Resources PLC on Wednesday remained optimistic about the prospects of its Airijoki project, following the discovery of other targets within the suite of licences.

Read more
24 Mar 2023 14:28

IN BRIEF: Kendrick Resources completes drill programme at Espedalen

Kendrick Resources PLC - exploration company focused on Norway, Sweden and Finland - Says its maiden exploration drill programme targeting the Stormyra deposit at Espedalen, located in Norway, has been completed. Says the first two batches of drill core have been dispatched for processing and assay with the third and final batch currently being prepared. Adds that the team is assessing other nickel targets and anomalies within the Espedalen area to follow up. Executive Chair Colin Bird says: "The Espedalen Nickel drilling programme has progressed well. Our local team has interacted with the community, keeping interested parties informed and we plan to hold a further meeting once we are able to display drill core and corresponding assays."

Read more
12

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.