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Pin to quick picksMarwyn Acqn Ii Share News (MAC2)

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EARNINGS UPDATES: Caledonian swings to profit; Caracal revenue falls

Fri, 31st Mar 2023 21:09

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

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Marwyn Acquisition Co II Ltd - Acquisition vehicle - For six months ended December 31, reports pretax loss of GBP1.2 million, widened from GBP658,746 a year prior. Total assets amount to GBP10.0 million, from GBP11.1 million year-on-year.

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Caledonian Trust PLC - Edinburgh-based property investment and development company - For six months to December 31, swings to pretax profit of GBP353,000 from GBP196,000 loss year-on-year. Reports total revenue of GBP2.2 million, up from GBP167,000 a year prior.

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Tern PLC - Investor focused on the internet of things - Says that Wyld Networks AB, in which it holds 40% of equity, reports total fourth quarter income of SEK2.5 million, around GBP195,400, from SEK3.2 million a year prior. Earnings per share loss widens to SEK1.17 from SEK0.56 year-on-year. Wyld launched its satellite Internet of Things network after three years of development work, agreements with over 40 launch partners and an order backlog of SEK 35 million by end of the fourth quarter. This has now more than doubled to SEK 76 million by mid-March 2023, "demonstrating significant demand".

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Online Blockchain PLC - London-based blockchain research and development company - Reports first half pretax profit of GBP501,000, swung from loss of GBP468,000 the previous year. Sees revaluation gain from ADVFN investment of GBP932,000, versus none last year. Revenue fell to GBP14,000 from GBP24,000. Online Blockchain expects continued turbulence over the next six months, but remains optimistic about strong media and social platform interest in its Rocky Horror non-fungible token, based on The Rocky Horror Show.

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Roebuck Food Group PLC - Newry, Northern Ireland-based protein and product sourcing company - For 2022, reports pretax profit GBP217,000, swung from loss of GBP1.1 million. Revenue was GBP31.4 million, up from GBP24.3 million, while cost of sales widened to GBP30.8 million from GBP24.1 million a year prior. Roebuck expects average farmgate milk prices in 2023 to weaken versus 2022. However, it still anticipates delivering "above average returns" this year.

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Caracal Gold PLC - East Africa-focused gold producer - Posts first half revenue of GBP2.4 million, down from GBP4.4 million a year ago. Reports pretax loss of GBP3.7 million, widened from GBP8.4 million. Says work is still ongoing to increase production at its flagship Kilimapesa Gold Mine.

After the period end, the firm told investors that previously planned OCIM financing of USD10 million would not be proceeding. As a result, the previously announced Philoro funding was put on hold. Negotiation of the USD1.5 million Mill End financing is subsequently still ongoing. Caracal is progressing discussions, including technical and legal due diligence, with several potential financiers in order to provide the funding required to complete the Kilimapesa expansion project.

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By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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8 Mar 2024 13:39

IN BRIEF: Marwyn Acquisition Co II interim loss narrows on lower costs

Marwyn Acquisition Co II Ltd - St Helier, Jersey-headquartered closed-ended investment company - Posts a pretax loss of GBP767,293 for the first half of the year ending June 30, narrowed from a GBP1.2 million pretax loss the year prior. Says its administrative expenses are 8.3% lower at GBP1.1 million from GBP1.2 million in the first six months of financial 2023. Looking ahead, says it is "excited" about the nature of potential acquisition opportunities.

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2 Oct 2023 13:55

EARNINGS AND TRADING: Henderson Eurotrust net asset value per share up

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

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6 Jun 2023 10:14

IN BRIEF: Marwyn Value subsidiary hires former Curtis chief as CEO

Marwyn Value Investors Ltd - St Helier, Jersey-headquartered closed-ended investment company with investments including AdvancedAdvT Ltd, 450 PLC and Zegona Communications PLC - Says wholly owned subsidiary Marwyn Acquisition Company II Ltd has appointed Will Self as chief executive officer. MAC II was founded in July 2020 and is seeking acquisition opportunities in the financial services sector. Self previously was CEO at Curtis Banks Group PLC from January 2019 to October 2022. Before this he was CEO of Suffolk Life from July 2013 until its acquisition by Curtis in December 2018, at which point Self became deputy CEO at Curtis.

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20 Jun 2022 11:40

Former ReAssure CEO Mark Hodges named chair of Marwyn acquisition firm

(Alliance News) - Marwyn Value Investors Ltd on Monday said it has hired Mark Hodges as chair of its acquisition company Marwyn Acquisition Co II Ltd.

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31 Mar 2022 21:06

TRADING UPDATES: Valeura and Mast Energy losses widen; Altitude upbeat

(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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