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Pin to quick picksKropz Plc Share News (KRPZ)

Share Price Information for Kropz Plc (KRPZ)

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TRADING UPDATES: IQE, IQGeo win deals; MPOF assets fall on Covid-19

Fri, 07th Oct 2022 21:48

(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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IQE PLC - Cardiff, Wales-based semiconductor wafer products - Enters into a partnership with MICLEDI Microdisplays focused on the large-scale commercialisation of microLED technology. Under the agreement, IQE will provide MICLEDI with a 200mm platform to scale and commercialise its augmented reality products to achieve high-volume production for red micro-LEDs. "MicroLEDs are the future of immersive display technologies and this agreement expands IQE's position in a market which is poised for multi-billion dollar growth across a range of end-market applications, including everyday consumer electronics," Chief Executive Americo Lemos comments.

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IQGeo Group PLC - Cambridge-based geospatial productivity and collaboration software company focused on the telecoms and utility industries - Wins a contract with a "major Dutch utility" firm that has selected its geospatial software to provide office and field access to its gas and electric network information. The overall software contract is worth EUR2.6 million as a subscription over six years plus an initial order of EUR500,000 for services. In addition, it wins a contract with a US-based fibre network operator worth USD2.8 million over 3 years for the use of the Comsof automated fibre planning software.

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Kape Technologies PLC - Isle of Man-based digital privacy and security business - Appoints Mike Truong as chief product officer of its Digital Privacy division with immediate effect. He was group head of product & analytics at Grab, one of Asia's largest and most successful technology companies.

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Kropz PLC - African phosphate developer - Makes first draw down from its bridge loan facility of ZAR126 million for an amount of ZAR60.5 million.

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Tritax EuroBox PLC - London-based investor in logistics property across continental Europe - Proposes to amend its investment management agreement with Tritax Management LLP to support its long-term strategic objectives. Includes a reduction in the base management fee to 1.00% on net asset value up to EUR1 billion and 0.75% on NAV above EUR1 billion for property management services procured by the manager to now be contracted directly with the company and, hence, fees relating to why such services will be paid by the company.

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Technology Minerals PLC - London-based company focused on creating a circular economy for battery metals - Says Global Battery Metals Ltd exercised its Leinster property option. The deal provides GBML with three staged options to acquire up to 90% of the property. It exercised the first option to to earn an 18% equity by spending up to EUR85,000 in expenditures on the property, separate from the license fees and up to EUR6,500 in connection with all such license charges by October 12, which it already did. The Leinster Property is located in Wicklow and Dublin and is focused on the exploration for lithium mineralisation within spodumene-bearing granite pegmatites.

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Parkmead Group PLC - Netherlands and UK-focused gas explorer - Says the completed acquisition of the Kempstone Hill Wind Farm has now been fully integrated into the company. The acquisition was immediately revenue and cash flow enhancing.

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Eckoh PLC - London-based secure payment and customer contact products - Expects order levels for the first half of 2022 to be over GBP17 million, more than 50% higher, year-on-year. Attributes this to renewed energy activity in the US. Says the performance is in line with its expectations for the first half and previous guidance. Plans to focus on "attractive sectors" which are suited to its model, technology, and product suite. Eckoh's order book strength supports its expectations of significant revenue and profit growth in 2023.

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Macau Property Opportunities Fund Ltd - Guernsey-based investment firm - Net asset value per share stands at USD1.25, a 21% decrease from USD1.58 a year before. Says return on its investments was hurt by changes in Macau's and China's political, economic and social conditions including the short and medium-term effects of Covid-19, as well as changes in policies of the government or changes in laws and regulations. Declares no dividend in the year, unchanged from a year before. As at June 30, gross borrowing stood at USD131 million, which translates to a loan-to-value ratio of 53%. Notes that outlook in the near term remains "challenging" with Covid-19 policies continuing to hurt the economy in Macau and investors' sentiment.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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IN BRIEF: Kropz reports GBP30.2 million revenue; annual loss narrows

Kropz PLC - South Africa-focused phosphate producer and developer - Says pretax loss narrows to USD13.5 million in 2023 from USD97.8 million the year before. In 2022, the firm had paid impairment losses of USD92.7 million, compared to none in 2023. Meanwhile, reports revenue of USD30.2 million in 2023, after having generated no revenue the year before.

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29 Feb 2024 13:00

IN BRIEF: Kropz financial manager resigns, names successor

Kropz PLC - South Africa-focused phosphate producer and developer - Financial Manager Louis Swart resigns as of Thursday, with Kropz naming Werner Greyling as successor. Greyling is a member of the South African Institute of Chartered Accountants.

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24 Jan 2024 12:31

IN BRIEF: Kropz sells phosphate concentrate to Kropz Elandsfontein

Kropz PLC - South Africa-focused phosphate producer and developer - Notes sale of 67,873 tonnes of phosphate concentrate from Kropz Elandsfontein (Pty) Ltd during the fourth quarter of 2023. This brings sales to 262,703 tonnes for the 12 months ended December 31. Kropz says it "remains committed to growing its sales pipeline" and has scheduled sales to take place in the first quarter of 2024.

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17 Jan 2024 14:21

IN BRIEF: Kropz makes final drawdown of ZAR52.5 million on loan

Kropz PLC - South Africa-focused phosphate producer and developer - Makes final drawdown of ZAR52.5 million on loan, the drawdown was announced in December. In November, it entered into a new conditional convertible equity facility of up to ZAR550 million. The facility was signed with a major shareholder, the ARC Fund, to meet immediate cash requirements at Kropz Elandsfontein (Pty) Ltd.

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15 Dec 2023 21:26

EARNINGS AND TRADING: Smoove says acquisition by Digcom approved

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8 Dec 2023 12:29

IN BRIEF: Kropz makes final drawdown on ZAR550 million facility

Kropz PLC - South Africa-focused phosphate producer and developer - Says it has now made final drawdowns on its bridge loan for ZAR20 million, around GBP841,039, and ZAR7.5 million. In September, Kropz said Kropz Elandsfontein (Pty) Ltd and The ARC Fund have agreed to a ZAR250 million. It said the loan facility to meet immediate and additional near-term funding requirements at Elandsfontein. The facility will be used to progresses commercial sales, and also to meet Elandsfontein's interest and capital payment obligations to BNP Paribas SA. In November, it entered into a new conditional convertible equity facility of up to ZAR550 million.

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8 Nov 2023 15:07

IN BRIEF: Kropz changes accounting reference dates to March-end

Kropz PLC - South Africa-focused phosphate producer and developer - Changes its accounting reference date to March 31, from December 31. Accordingly, its current accounting period, which began on January 1, will now end on March 31, 2024.

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23 Oct 2023 13:30

IN BRIEF: Kropz makes ZAR75 million drawdown on bridge loan facilities

Kropz PLC - South Africa-focused phosphate producer and developer - Makes second drawdown on ZAR250 million - around GBP10.8 million - bridge loan facility with its major shareholder the ARC Fund. Says drawdown is for ZAR75 million. The first was for ZAR155 million. The facility was agreed to meet immediate cash requirements at Kropz Elandsfontein Pty Ltd.

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3 Oct 2023 11:49

IN BRIEF: Kropz shares jump as receives extension for outstanding loan

Kropz PLC - South Africa-focused phosphate producer and developer - Notes that French bank BNP Paribas SA extends its waiver for loan facility to December 31. Outstanding amount is USD15.0 million. "A replacement loan is expected to be in place by the last quarter of 2023, before expiry of the facility," Kropz says.

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29 Sep 2023 11:50

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28 Sep 2023 14:06

IN BRIEF: Kropz interim loss narrows as notes record rainfall

Kropz PLC - South Africa-focused phosphate producer and developer - In the six months to June 30, pretax loss narrows to USD4.0 million from USD61.0 million a year prior. Reports USD14.1 million revenue for the first half of 2023, compared to none a year prior. Cost of sales are USD16.4 million in the first half of 2023, compared to none in the first half of 2022. "With the unexpected record rainfall experienced in the Western Cape the mining plan was amended to consider higher rainfall in winter periods to minimise the effects of wet mining conditions," company notes. Looking ahead, expects to stay in operational existence until at least December next year.

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18 Sep 2023 17:07

TRADING UPDATES: Kropz makes ZAR155 million draw down on loan

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

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