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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: 1.975
Bid: 1.85
Ask: 2.10
Change: -0.225 (-10.23%)
Spread: 0.25 (13.514%)
Open: 1.90
High: 2.00
Low: 1.90
Prev. Close: 2.20
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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
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
8 Aug 2023 09:34

Kore Potash to pay up to USD5 million as part of revised agreement

(Alliance News) - Kore Potash PLC said on Tuesday it had entered into a revised agreement that will see SEPCO Electric Power Construction Corp provide the company with an engineering, procurement and construction contract by end of January 2024 for the construction of the Kola Potash project.

Read more
18 Jul 2023 08:39

IN BRIEF: Kore Potash draws near completing financing of Kola project

Kore Potash PLC - owns the Kola and DX potash projects in Republic of Congo - Remains focused on completing the financing of the Kola project and moving forward to construction of Kola as soon as possible. Says discussions continue towards finalising terms for the engineering, procurement and construction contract at Kola. PowerChina International Group Ltd and Sepco Electric Power Construction Corp have started work to support the provision of guarantees regarding the EPC contract.

Read more
13 Jun 2023 15:54

UK shareholder meetings calendar - next 7 days

Wednesday 14 June 
abrdn Property Income Trust LtdAGM
abrdn Smaller Companies Income Trust PLCAGM
Andrews Sykes Group PLCAGM
Aquila Energy Efficiency Trust PLCAGM
Aurrigo International PLCAGM
Brave Bison Group PLCAGM
Christie Group PLCAGM
Foresight Solar Fund LtdAGM
IGas Energy PLCAGM
International Consolidated Airlines Group SAAGM
Iofina PLCAGM
James Fisher & Sons PLCAGM
Liberty Global PLCAGM
M&C Saatchi PLCAGM
Octopus Titan VCT PLCAGM
Petards Group PLCAGM
Thursday 15 June 
Amaroq Minerals LtdAGM
Anexo Group PLCAGM
ASA International Group PLCAGM
Baillie Gifford China Growth Trust PLCAGM
Chapel Down Group PLCAGM
Directa Plus PLCAGM
Everyman Media Group PLCAGM
HC Slingsby PLCAGM
Inspecs Group PLCAGM
Informa PLCAGM
IP Group PLCAGM
LBG Media PLCAGM
M&G Credit Income Investment Trust PLCGM re amendment to the company's articles of association
Novacyt SAAGM
OTAQ PLCAGM
Parity Group PLCAGM
PetroTal CorpAGM
Pollen Street PLCAGM
Shaftesbury Capital PLCAGM
Southern Energy CorpAGM
Friday 16 June 
Alpha Growth PLCAGM
Anglo-Eastern Plantations PLCAGM
Gulf Keystone Petroleum LtdAGM
John Lewis of Hungerford PLCGM re proposed cancellation of admission to trading on AIM
Tesco PLCAGM
Woodbois LtdAGM
Monday 19 June 
All ThingsConsidered Group PLCAGM
Blackbird PLCAGM
Finsbury Food Group PLCAGM
Globalworth Real Estate Investments LtdAGM
Marlowe PLCGM re proposed capital reduction
Metals Exploration PLCAGM
Red Rock Resources PLCGM re security conversion into shares for cash
Savannah Resources PLCAGM
Tuesday 20 June 
Acceler8 Ventures PLCAGM
Afentra PLCAGM
Armadale Capital PLCAGM
Bay Capital PLCAGM
Blackrock Smaller Companies Trust PLCAGM
Block Energy PLCAGM
Corero Network Security PLCAGM
Coro Energy PLCAGM
Crimson Tide PLCAGM
Curtis Banks Group PLCAGM
EPE Special Opportunities LtdAGM
ICG-Longbow Senior Secured UK Property Debt Investments LtdAGM
Jersey Oil & Gas PLCAGM
Kore Potash PLCAGM
Lords Group Trading PLCAGM
Mission Group PLCAGM
North Atlantic Smaller Cos Investment Trust PLCAGM
Red Capital PLCAGM
Saga PLCAGM
SDX Energy PLCAGM
Skillcast Group PLCAGM
Zegona Communications PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
26 Apr 2023 07:42

Kore Potash and consortium still working on financing for Kola project

(Alliance News) - Kore Potash PLC said on Wednesday it continued to work with the consortium of investors and engeneering firms to provide financing for the full construction cost of Kola project.

Read more
31 Mar 2023 08:57

Kore Potash annual loss narrows as project financing makes progress

(Alliance News) - Kore Potash PLC on Friday said its loss narrowed in 2022 as the group continued to make "tangible" progress towards the financing of its Kola project, a potash mine.

Read more
24 Jan 2023 09:54

IN BRIEF: Kore Potash shares slide after slashing DX production target

Kore Potash PLC - owner of the Kola and DX potash projects in Republic of Congo - Trims project life of its DX potash venture to 12 years from 30 years. In the latest production target estimate, it also cuts its mineral resource prediction to 129 million tonnes from 145 million tonnes. Reduces ore reserve projection to 9.31 million tonnes from 17.7 million tonnes. The latest update was published this month. The company last presented its production target in November 2020.

Read more
19 Jan 2023 10:57

Kore Potash in talks with offtake partners to procure Kola production

(Alliance News) - Kore Potash PLC said on Thursday it was still in discussions with potential offtake partners that were capable of procuring all production from its Kola project.

Read more
23 Dec 2022 08:07

Kore Potash Chief Operating Officer Gavin Chamberlain to exit

(Alliance News) - Kore Potash PLC on Friday said Chief Operating Officer Gavin Chamberlain will leave at the end of January.

Read more
23 Dec 2022 07:50

LONDON BRIEFING: Stocks to start half-day positively despite weak lead

(Alliance News) - Equities in London were set to open a shortened trading day in the green on Friday, despite indices falling in Asia and the US.

Read more
11 Nov 2022 11:55

Kore Potash calls for Congolese support after responding to minister

(Alliance News) - Kore Potash PLC said on Friday it urged for ongoing support to continue the "historically strong" ties as it responded to matters raised by a minister in the Republic of Congo last month.

Read more
19 Oct 2022 13:53

Kore Potash complies with Congolese obligations after scathing letter

(Alliance News) - Kore Potash PLC maintained on Wednesday it complied with its obligations in the Republic of Congo after receiving a scathing letter from a top government official in that country last week.

Read more
10 Oct 2022 15:33

IN BRIEF: Kore Potash says Kola EPC proposal needs further discussion

Kore Potash PLC - owner of the Kola and DX potash projects in Republic of Congo - Receives Engineering, Procurement & Construction contract proposal in relation to Kola project from the Summit Consortium's engineering partner, Sepco Electric Power Construction Corp. Notes a "number of proposed contractual terms" which require further discussion before the proposal is accepted.

Read more
13 Sep 2022 12:45

Kore Potash interim loss narrows as financing process progresses

(Alliance News) - Kore Potash PLC on Tuesday reported a narrowed interim profit as it made progress in securing funding for its project in the Republic of Congo.

Read more

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