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Pin to quick picksMineral & Fin Share News (MAFL)

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EARNINGS: Catalyst Media profit plunges; Jersey Electricity rises

Wed, 20th Dec 2023 20:55

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

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Catalyst Media Group PLC - Milton Keynes-based company that provides content and production services to the betting industry - In the financial year that ended June 30, pretax profit falls to GBP2.6 million from GBP24.4 million. This is almost entirely due to reversal of impairment of equity-accounted associate falling to GBP1.9 million from GBP23.4 million. Revenue steady at GBP25,000.

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Mineral & Financial Investments Ltd - investment company focused on natural resources sector - Net asset value per share on June 30 rises to 24.27 pence from 20.04p a year earlier. In the year ended June 30, pretax profit rises to GBP1.6 million from GBP899,000 a year earlier, tracking net gains on disposal of investments more than doubling to GBP2.1 million from GBP861,000. Says: "We continue to maintain the view that commodity prices will have to rise, or capacity will have to close, which will lead to metal price rises. Although not the most robust setting for mining companies, there is, we believe, good cause for bullishness that more broadly based metal price rises will define 2024 and that the inflationary pressures of 2022 will moderate, but nevertheless remain stubbornly higher than desirable."

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Jersey Electricity PLC - Jersey-based electricity importer, generator and distributor - In the financial year that ended September 30, pretax profit rises to GBP14.9 million from GBP10.6 million a year earlier. Revenue rises to GBP125.1 million from GBP117.4 million. Declares final dividend of 11.40 pence, up from 10.80p. Takes total full-year dividend to 19.4p, up from 18.4p. Says: "Whilst wholesale prices have recently come down, they remain well above our long-term hedged position and therefore we expect further upward pressure on retail prices over the next few years."

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By Greg Rosenvinge, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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24 May 2023 15:42

IN BRIEF: Mineral & Financial raises GBP250,000 via new shares placing

Mineral & Financial Investments Ltd - Cayman Islands-based investment company focused on natural resources sector - Places 1.2 million shares at 1.0 pence each at a placing price of 21.0p per share. Net funds will be used for investment opportunities the company is reviewing. The company has issued 250,000 shares to Novum Securities Ltd in settlement of historic broking retainers fees.

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3 May 2023 11:37

IN BRIEF: Mineral & Financial notes positive results at Portugal site

Mineral & Financial Investments Ltd - Cayman Islands-based investment company focused on the natural resources sector - Notes investment update from Redcorp Empreedimentos Mineiros Lda with metallurgical test results as part of wider ongoing tests to be included in a feasibility study for the Venda Nova deposit at the Lagoa Salgada project in Portugal. The feasibility study is targeted for completion this month.

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28 Apr 2023 19:38

TRADING UPDATES: Mineral & Financial buys stake in Mexican mining firm

(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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30 Mar 2023 18:39

EARNINGS UPDATES: Ironveld sees interim pretax loss widen on costs

(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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3 Mar 2023 15:45

UK shareholder meetings calendar - next 7 days

Monday 6 March 
Gfinity PLCGM re fundraising
Logistics Development Group PLCGM re capital reduction, change of investing policy and share buyback
Tuesday 7 March 
Blackrock Income & Growth Investment Trust PLCAGM
Edinburgh Worldwide Investment Trust PLCAGM
JPMorgan Emerging Europe, Middle East & Africa Securities PLCAGM
Wednesday 8 March 
Amigo Holdings PLCGM re the company's capital position
boohoo Group PLCGM re adoption of the Growth Plan
Creo Medical Group PLCGM re open offer shares
Globalworth Real Estate Investments LtdEGM re grant options and script dividends
Jersey Electricity PLCAGM
Thursday 9 March 
CT Capital & Income Investment Trust PLCAGM
Shoe Zone PLCAGM
WAG Payment Solutions PLCGM re proposed acquisition of Inelo
Friday 10 March 
Atrato Onsite Energy PLCAGM
Malin Corp PLCAGM
Mineral & Financial Investments LtdAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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15 Feb 2023 21:31

Mineral & Financial's Golden Sun strikes deal to boost BellaVista

(Alliance News) - Mineral & Financial Investments Ltd on Wednesday said its investee Golden Sun Resources Ltd has closed a streaming financing package worth USD10 million.

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9 Feb 2023 14:23

Mineral & Financial says second drill rig mobilised at Lagoa Salgada

(Alliance News) - Mineral & Financial Investments Ltd on Thursday said 50% owned Redcorp Empreendimentos Mineiros Lda has mobilised a second drill rig to begin drilling at the Lagoa Salgada project, Portugal.

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3 Feb 2023 15:17

TRADING UPDATES: GCP Infra hails NAV rise; Jadestone profits from oil

(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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23 Dec 2022 14:28

Mineral & Financial annual profit drops as administrative costs jump

(Alliance News) - Mineral & Financial Investments Ltd on Friday said its profit declined in its recent financial year, as expenses increased.

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9 Dec 2022 10:55

Mineral & Financial subsidiary secures cash investment for asset

(Alliance News) - Mineral & Financial Investments Ltd on Friday said its subsidiary has received a cash payment from Ascendant Resources Inc, in the first of two instalments related to its Portuguese mining investment.

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5 Dec 2022 14:33

IN BRIEF: Mineral & Financial notes Redcorp's Venda Nova finds

Mineral & Financial Investments Ltd - Investor in natural resources sector - Announces exploration results from investee Redcorp Empreedimentos Mineiros Lda, an operator of an exploration & development company, engaged in Lagoa Salgada project in Portugal.

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2 Dec 2022 19:33

TRADING UPDATES: Time Out eyes Riyadh; MTI Wireless wins deal

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

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28 Nov 2022 12:38

Mineral & Financial shares surge on funding for Lagoa Salgada project

(Alliance News) - Mineral & Financial Investments Ltd on Monday noted developments in the financing package for the Lagoa Salgada VMS project in Portugal.

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10 Nov 2022 15:52

TRADING UPDATES: Vertu Motors sizes up acquisition; Ondo's Hiscox deal

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

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14 Sep 2022 16:06

IN BRIEF: Mineral & Financial's Ideon stake valued at CAD1.4 million

Mineral & Financial Investments Ltd - Cayman Islands-based investment company - Announces that portfolio firm Ideon has received USD15 million equity investment from Silicon Valley venture capital firm Playground Global. Playground will own 20% of Ideon. The value of Ideon, M&F notes, has increased more than nine times in two years. Based on this financing, M&F's 1.4% stake will be valued at CAD1.4 million.

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