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Pin to quick picksKodal Minerals Share News (KOD)

Share Price Information for Kodal Minerals (KOD)

London Stock Exchange
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Share Price: 0.495
Bid: 0.49
Ask: 0.50
Change: 0.011 (2.30%)
Spread: 0.01 (2.041%)
Open: 0.48
High: 0.49
Low: 0.482
Prev. Close: 0.479
KOD Live PriceLast checked at -

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WINNERS & LOSERS SUMMARY: Next Shares Hit By Downgrade, Retail Survey

Fri, 04th Sep 2015 10:02

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.
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FTSE 100 - LOSERS
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Next, down 3.7% at 7,545.00 pence. Exane BNP Paribas cut the retailer to Underperform from Neutral, lowering its price target on the stock to 7,400p from 7,700p. Meanwhile, the BDO High Street Sales Tracker survey for August on Friday showed the UK high street had its worst month since November 2008, with sales declining year-on-year as consumers decided to desert the high street in favour of taking holidays abroad. The survey, published by accountancy firm BDO, showed UK high street sales were down by 4.3% in August, the worst performance for the sector since the financial crisis in 2008 and the fourth consecutive month of like-for-like declines. It is the first time figures for May to September have been consistently negative since 2009, BDO said. Shares of fellow retailer Marks & Spencer are down 1.8%.
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GKN, down 3.2% at 272.20p. Investec has moved its recommendation on GKN to Hold from Buy and has cut its target price to 300 pence from 370p. Investec has adopted a more cautious view on the outlook for the engineering company's driveline and powder metallurgy revenue and profit growth to reflect a potential slowdown in automotive production in China and other emerging markets. Overall, Investec has cut its earnings per share estimates for 2015 by 3% and by 10% for 2016.

FTSE 250 - WINNERS
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Booker, up 1.8% at 178.70p. JPMorgan raised its price target on the grocery wholesaler to 200 pence from 174p previously, and reiterated an Overweight rating. The change comes one day after Booker said that sales fell in the ten weeks to August 28, hit by the ban imposed on small stores displaying tobacco products, though its non-tobacco sales edged higher. The company was boosted earlier this week when its acquisition of Musgrave Retail Partners GB was approved by the UK's Competition and Markets Authority.
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MAIN MARKET AND AIM - WINNERS
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IS Solutions, up 33%. The software company said its revenue and profit are both set to beat market expectations for the full year amid strong trading in its analytics products and from the acquisition of 'big data' company Celebrus late in 2014. The company reported strong underlying demand for its analytics products, with sales "well ahead" of its expectations. It has won two major contracts from financial services sector clients for its analytics platform, which will be worth around GBP4.0 million in revenue for the year to the end of March 2016 and which will add around GBP350,000 a year in recurring revenue from thereon.

Beowulf Mining, up 11%. The exploration and development company focused on Sweden said it has been invited to give its views on the Kallak North project in Sweden, while the process for gaining approval of the project appears to be moving to the final stages. "We respect the process that The Government of Sweden is conducting with regard to our application and are pleased that we appear to be in the final stages," said Kurt Budge, Beowulf's chief executive.
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MAIN MARKET AND AIM - LOSERS
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Kellan Group, down 24%. The recruitment company is trading lower despite reporting that it turned to profit in the first half of 2015 as its total revenue increased and the restructuring it undertook in 2014 delivered cost benefits. Pretax profit for the six months to the end of June was GBP187,000, a swing from the GBP74,000 loss it made a year earlier. 

Kodal Minerals, down 20%. The mining and exploration company wrote off the carrying value of its Kodal phosphate and iron project in southern Norway as it slumped to a GBP4.0 million pretax loss in the year ended March 31, compared with the GBP232,705 loss in the prior year. The impairment charges were booked due to slumping iron prices, and the company said it will be cautious as it works on its projects due to the wider commodities sell-off. It will continue to appraise low-cost opportunities.

By Samuel Agini; samagini@alliancenews.com; @samuelagini

Copyright 2015 Alliance News Limited. All Rights Reserved.

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31 Aug 2023 11:45

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IN BRIEF: Kodal Minerals shares climb after receiving prepayment

Kodal Minerals PLC - mineral exploration and development company focused on lithium and gold assets in West Africa - Announces a conditional prepayment of USD3.5 million as part of a funding package, announced in January, for the Bougouni Lithium Project agreed between itself, Hainan Mining Co Ltd and Hainan's wholly owned UK-incorporated subsidiary Xinmao Investment Co Ltd.

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Kodal Minerals shares fall as it extends Mali Project long stop date

(Alliance News) - Kodal Minerals PLC on Friday said that it has approved an extension of the long stop date to August 31 from June 30 to complete its January 19 funding package at the Bougouni lithium project in Mali.

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2 Jun 2023 11:20

IN BRIEF: Kodal notes positive assay results, funding package extended

Kodal Minerals PLC - London-headquartered West Africa-focused lithium and gold-focused exploration and development company - On Wednesday said final assay results at Bougouni lithium project confirm high-grade mineralisation with additional high-grade lithium mineralised intersections at the Boumou, Bougouni South and Ngoualana prospects. Boumou is a high-priority target for further drilling to extend and define pegmatite bodies and allow for new resource estimate. Company also confirms further extension to June 30 of deadline for completion of funding package announced on January 19, agreed with Kodal Mining UK Ltd, Hainan Mining Co Ltd and its UK subsidiary Xinmao Investment Co Ltd. Hainan had agreed to acquire 51% of Kodal Minerals for USD100 million plus USD17.75 million equity subscription at 0.5p per share. Original deadline was April 30, first extended to May 31. Conditions still not yet satisfied include the transfer of Bougouni to a new Mali mining company owned by Kodal Mining.

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27 Apr 2023 21:46

IN BRIEF: Kodal Minerals agrees to extend funding long stop date

Kodal Minerals PLC - lithium and gold-focused exploration and development company - Agrees with Hainan Mining Co Ltd and its wholly-owned UK subsidiary Xinmao Investment Co Ltd to extend long stop date for Bougouni funding package to May 31 from January 19. Says extension allows some conditions to be satisfied, including the transfer of the Bougouni Project to a new Mali mining company owned by Kodal's recently incorporated UK subsidiary Kodal Mining UK Ltd. Says this restructuring is in progress although is not expected to complete by Sunday, the original deadline. Says all parties remain fully committed to the completion of the funding transaction as soon as possible.

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Kodal says China approves Hainan funding package for Bougoni project

(Alliance News) - Kodal Minerals PLC said on Thursday its funding package with Hainan Mining Co Ltd was approved by the Chinese government.

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3 Apr 2023 21:09

IN BRIEF: Kodal Minerals completes drilling at Bougouni project

Kodal Minerals PLC - Mali-focused mineral exploration and development company - Completes 41 reverse circulation and 18 diamond drill holes at the Bougouni project in southern Mali. Drilling focused on the development and extension of the Ngoualana prospect and exploration drilling at the Kola, Bougouni South and Boumou prospects. A total of 3,406 samples have been dispatched for laboratory analysis with initial high-grade assay results up to 2.78% lithium oxide returned for individual samples. Company adds it is maintaining regular dialogue with key Hainan Mining executives regarding the proposed Bougouni project development and plans to quickly move into a construction phase.

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