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Pin to quick picksKore Potash Share News (KP2)

Share Price Information for Kore Potash (KP2)

London Stock Exchange
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Share Price: 1.05
Bid: 1.00
Ask: 1.10
Change: 0.11 (11.58%)
Spread: 0.10 (10.00%)
Open: 0.95
High: 1.06
Low: 0.93
Prev. Close: 0.95
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UK TRADING UPDATE SUMMARY: Secure Trust Reports Pick Up In Lending

Thu, 22nd Oct 2020 15:00

(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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Secure Trust Bank PLC - Solihull, West Midlands-based retail bank - Sees pick up in third quarter lending following easing of lockdown restrictions in the UK. Retail Finance new business volumes near pre-Covid levels. Motor Finance products demand has been strong during the third quarter ended September 30. Currently trading significantly ahead of 2020 consensus pretax profit of GBP2.2 million. Well placed to navigate the remainder of the year and beyond.

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FRP Advisory Group PLC - London-based business advisory firm specialising in restructuring - Trading to date for the year ending April 30, 2021, remains in line with expectations, despite a significant reduction in the number of formal insolvency appointments. Sees substantial degree of uncertainty around the shape and scale of economic recovery, combined with additional pressure as the Brexit transitional agreement comes to an end in 2020. Medium-term outlook is positive and the company remains confident of making further progress in financial 2021.

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Alumasc Group PLC - Kettering, Northamptonshire-based building products supplier - Starts new financial year to June 30, 2021, strongly with record profits in the first quarter. Current orderbooks robust in general and include a growing list of export projects won in recent months, which are due to be delivered in financial 2021. Each of the three divisions - Building Envelope, Water Management and Housebuilding Products - contributed to the record first quarter performance. Bank borrowings reduced to below GBP1 million from GBP4.3 million at June 30. Remains very conscious of the uncertainties that accompany the Covid-19 pandemic and Brexit negotiations.

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Crossword Cybersecurity PLC - London-based technology commercialisation company - Gets accepted onto the UK government's G-Cloud framework version 12. This enables public sector organisations to procure Rizikon Assurance and Consulting via the Digital Marketplace run by Crown Commercial Services.

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Town Centre Securities PLC - Leeds-based property investment, development and car park operator - Says GBP18.6 million cumulative rent and service charge payments have fallen due since March 25. Collected GBP15.2 million and agreed to defer a further GBP900,000, totalling GBP16.1 million, equivalent to 87% of the amounts due. Of the 2.5 million balance remaining, company has agreed concessions over GBP900,000 and continues to work towards a fair and equitable conclusion on the balance of GBP1.6 million. Continues to market further retail and leisure sales in line with strategy to reset and reinvigorate the business.

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Gaming Realms PLC - London-based mobile games developer - Launches Slingo Originals content with betting and gaming operator, Paddy Power Betfair, a division within Flutter Entertainment PLC. Slingo portfolio, including Slingo Centurion, Slingo Extreme, Slingo XXXtreme and Slingo Deal or No Deal, will be distributed through the company's aggregation partner, Relax Gaming.

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Water Intelligence PLC - Palm Springs, California-based water leak detection company - American Leak Detection subsidiary secures national contract from an unnamed US-based insurance company. ALD to provide minimally-invasive water leak detection solutions on behalf of the insurance company. New contract represents the fifth nationwide contract for ALD with a top US insurance company.

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Toople PLC - Letchworth Garden City, England-based telecom services provider - Sells a range of new IP cloud based services to a London based bakery, an existing client, in a 36 month extension to the existing agreement, significantly increasing the value of the contract. Pact includes provision of telecom services to all locations of the client, including broadband, telephony and mobile Wi-Fi, plus high speed broadband and Wi-Fi services to the bakery's headquarters and distribution offices. Will replace standard broadband with superfast fibre-optic broadband in each location, where available.

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Pembridge Resources PLC - Canada-focused mining company - Minto mine in Yukon, Canada, produced 5,707 wet metric tonnes of copper concentrate during the third quarter of 2020, down from 6,820 tonnes in the second quarter. Lower volumes due to the processing of lower grade ore in the third quarter. Expects copper grade to return to previous levels as the development of Copper Keel moves beyond the periphery of the ore body and into solely production ore.

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Kore Potash PLC - owner of Sintoukola potash project in the Republic of Congo - Starts drilling programme on Dougou Extension project consisting of the drilling and analysis of up to five new diamond drill holes. First phase of the DX project's definitive feasibility study is planned for completion in May 2021.

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Empire Metals Ltd - Australia-focused mineral exploration company - Commences 2,300 meter reverse circulation drilling at the Eclipse gold project in Western Australia. Subject to drilling results, a subsequent phase of drilling will be designed to further infill the resources around the Eclipse shaft.

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Alien Metals Ltd - Australia and Mexico focused minerals explorer - Executes earn-in agreement with Capstone Mining Corp over its Donovan 2 copper-gold project in Mexico. Under the agreement, Capstone has the ability to acquire up to an 80% interest in Donovan 2 by sole funding the project up to completion of a prefeasibility study. Initially, Capstone can earn 65% interest in Donovan 2 through a combination of USD290,000 cash payments to Alien Metal and committed exploration expenditure USD3.6 million over three years. Capstone can increase their interest to 75% from 65% by making a further cash payment of USD200,000 and funding the costs associated with a preliminary economic assessment.

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GYG PLC - London-based superyacht painting, supply and maintenance company - Wins major refit contract for a 115 plus metre yacht in Germany with works scheduled to commence in final quarter of 2020 and complete in first half of 2021. Contract includes a number of Refit services including bespoke scaffolding, hardware removal, caulking and complete repainting.

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Air Partner PLC - Gatwick, West Sussex-based aviation services group - Security solutions unit Redline wins new three-year contract with Guernsey airport to carry out cabin baggage screening X-ray threat image recognition training among a number of its staff. Redline currently seeing a good level of demand for its Covid-19 secure threat image recognition training system, which has been designed to finetune X-ray image screeners' ability to detect even the smallest components of viable threats.

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IXICO PLC - London-based data analytics company - Secures new contracts in Huntington's disease clinical trials. New contracts include retrospective analysis of data sets for three natural history studies in Huntington's disease with a new large pharma customer and a multicentre, open-label phase II study in Huntington's disease with an existing large pharma customer. Contracts do not have significant impact on management's expectations of performance for the year ended September 30, but contribute to the company's strong order book.

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EKF Diagnostics Holdings PLC - Cardiff-based point-of-care diagnostics business - Receives initial orders for PrimeStore MTM Covid-19 sample collection devices from two new customers, the Health Service Executive of Ireland and a national health body in England. Orders will be fulfilled from EKF's production facilities in Penarth, south Wales, and Barleben, Germany. Orders will contribute to the expected strong performance for the fourth quarter of 2020.

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By Tapan Panchal; tapanpanchal@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
7 May 2024 09:20

IN BRIEF: Kore Potash to list on A2X in South Africa Tuesday next week

Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Says it will list on A2X exchange in South Africa on Tuesday next week. Notes that this secondary listing will increase the liquidity of trading of its shares. Kore Potash is also listed on the London Stock Exchange, the Johannesburg Stock Exchange and the Australian Securities Exchange. Says its issued share capital will be unaffected by the A2X listing.

Read more
29 Apr 2024 07:40

Kore Potash to meet PowerChina officials to discuss key contract

(Alliance News) - Kore Potash PLC said on Monday it still expects to wrap up the engineering, procurement and construction contract during the second quarter of this year.

Read more
28 Mar 2024 09:25

Kore Potash plans to raise more funds as annual loss narrows

(Alliance News) - Kore Potash PLC said on Thursday it sought to raise fresh capital as the company continued to make progress towards the financing of its flagship Kola Project.

Read more
22 Mar 2024 08:31

IN BRIEF: Kore Potash offers convertible loan notes worth USD530,000

Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Issues five separate convertible loan notes, with an aggregate value of USD530,000. The notes have a proposed drawdown date of Friday. Says proceeds from the notes will be used to further advance work that is expected to lead to the signing of an engineering, procurement and construction contract for the Kola Potash Project. Notes that each convertible loan has a zero interest coupon and is convertible into new shares. They will be converted immediately after publication of the 2023 annual report, which is expected on or about Thursday next week.

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9 Feb 2024 10:32

Kore Potash gets draft EPC proposal for Kola Project

(Sharecast News) - Kore Potash announced a significant milestone in its potash development on Friday, with the recent delivery of an engineering, procurement and construction (EPC) proposal and draft contract by PowerChina International Group.

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9 Feb 2024 07:59

Kore Potash says PowerChina delivers draft Kola contract

(Alliance News) - Kore Potash PLC said on Friday PowerChina International Group Ltd had delivered the draft engineering, procurement and construction contract for its Kola project on Tuesday.

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18 Jan 2024 08:13

IN BRIEF: Kore Potash still investing in exploration in last quarter

Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Says PowerChina International Group Ltd continues to review the engineering, procurement and construction proposal. PowerChina is involved in the process to finalise terms of the engineering, procurement and construction contract. Kore said late in October the process to reach agreement on this contract terms, and to receive a financing proposal for the full construction cost of the Kola project, is now near completion and is expected to be finalised during the first quarter of 2024. Construction contractors is scheduled to be mobilised during the first half of 2024.

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11 Dec 2023 15:25

Kore Potash acting finance chief steps down, ex-CFO returns

(Sharecast News) - Kore Potash, the potash development company with 97% ownership of the Kola and DX projects in the Sintoukola Basin of the Republic of the Congo, announced a change in its leadership on Monday.

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11 Dec 2023 07:54

IN BRIEF: Andrey Maruta returns to Kore Potash after CFO's sudden exit

Kore Potash PLC - owns Kola and DX potash projects in Republic of Congo - Acting Chief Financial Officer Amanda Farris resigns with immediate effect. Re-appoints Andrey Maruta as the new CFO from Monday. Farris will remain available for a brief period for a hand over. Kore says Maruta is a mining veteran whose experience includes a stint as CFO at Russian gold miner Petropavlovsk PLC. He had been CFO of Kore Potash from August 2019 to June 2021, when he left for another role within the mining industry. Maruta holds 133,334 shares in Kore, which has 3.91 billion shares issued.

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31 Oct 2023 12:54

Kore Potash shares drop on discounted raise and sudden CEO departure

(Alliance News) - Kore Potash PLC on Tuesday said it raised fresh equity via a discounted share subscription and announced that Chief Executive Brad Sampson has resigned immediately.

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31 Oct 2023 10:20

AIM WINNERS & LOSERS: Real Good Food expects positive earnings

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

Read more
12 Oct 2023 08:03

Kore Potash says focused on completing funding for Kola construction

(Alliance News) - Kore Potash PLC said on Thursday it remains focused on completing the financing of the construction of its Kola project in Africa.

Read more
14 Sep 2023 15:44

UK shareholder meetings calendar - next 7 days

Friday 15 September 
Blackstone Loan Financing LtdEGM re wind-down and changes to the company's share capital
Citius Resources PLCAGM
Insig AI PLCAGM
Real Estate Credit Investments LtdAGM
Trifast PLCAGM
Monday 18 September 
Baillie Gifford US Growth Trust PLCAGM
Inteliqo LtdAGM
LendInvest PLCAGM
Rosslyn Data Technologies PLCGM re fundraise
Tuesday 19 September 
Africa Opportunity Fund LtdAGM
Aston Martin Lagonda Global Holdings PLCGM re supply arrangement with Lucid Group Inc
Augmentum Fintech PLCAGM
Beacon Rise Holdings PLCAGM
Begbies Traynor Group PLCAGM
Chill Brands Group PLCAGM
DP Aircraft I LtdAGM
Great Southern Copper PLCAGM
Manolete Partners PLCAGM
Moonpig Group PLCAGM
Oxford Instruments PLCAGM
ProCook Group PLCAGM
SRT Marine Systems PLCAGM
Unicorn Mineral Resources PLCAGM
Wednesday 20 September 
Accsys Technologies PLCAGM
Frasers Group PLCAGM
Games Workshop Group PLCAGM
Hidong Estate PLCAGM
IG Group Holdings PLCAGM
Ilika PLCAGM
Nippon Active Value Fund PLCGM re assets rollover
Quiz PLCAGM
Seed Innovations LtdAGM
STS Global Income & Growth Trust PLCAGM
Thursday 21 September 
Ascent Resources PLCGM re audited annual accounts
Intercede Group PLCAGM
Kore Potash PLCGM re capital raise
Liontrust Asset Management PLCAGM
Mercia Asset Management PLCAGM
Molecular Energies PLCAGM
Oberon Investments Group PLCAGM
Odyssean Investment Trust PLCAGM
Pelatro PLCGM re AIM cancellation
Sosandar PLCAGM
Thruvision Group PLCAGM
Trakm8 Holdings PLCAGM
Van Elle Holdings PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
12 Sep 2023 08:19

Kore Potash seeks more capital for DRC project as interim loss narrows

(Alliance News) - Kore Potash PLC on Tuesday said it needs additional capital for its potash project in Africa after reporting its interim loss narrowed, while it managed to remain solvent.

Read more
21 Aug 2023 13:12

Kore Potash says Republic of Congo pledges support for Kola project

(Alliance News) - Kore Potash PLC said on Monday that a mines minister in the Republic of Congo had pledged for the company's Kola potash project.

Read more

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