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Pin to quick picksMineral & Fin Share News (MAFL)

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TRADING UPDATES: Gattaca interim profit sinks on decreased revenue

Wed, 31st Mar 2021 11:26

(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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Gattaca PLC - Fareham, Hampshire-based engineering and technology recruitment firm - Posts pretax profit for the six months ended December 31 of GBP106,000, falling from GBP1.4 million a year prior. Revenue decreases 31% to GBP206.5 million from GBP297.6 million the year before. Does not declare interim dividend, unchanged from the year before. Says "whilst the pace of the recovery remains uncertain, we are seeing more encouraging signs in the market and improving activity rates".

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Condor Gold PLC - gold exploration and development in Nicaragua - Posts pretax loss of GBP1.3 million in 2020, narrows from GBP1.5 million a year prior, thanks to a GBP439,228 gain on a disposal. "It has been a transformational year for the company with the permitting of 2 additional open pits, and a significant de-risking of the Project with the acquisition of land and advancement of engineering studies," says Condor. Says the key objective for 2021 is to continue to advance La India project in Nicaragua to production.

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KCR Residential REIT PLC - residential-focused real estate investment trust - Posts pretax loss for six months ended December 31 of GBP859,476, narrowing from GBP2.5 million a year prior. Revenue increases 8.9% to GBP465,030 from GBP427,057 a year before. Says portfolio level occupancy remains high, above 95%, rental values have improved and capital values remain firm. Says it is possible that, in the short term, further friction in the economy following the Brexit agreement and the ongoing travel restrictions will have a negative impact on the economy and the demand for short-let accommodation.

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Catena Group PLC - venture capital firm - Posts pretax loss from continuing operations for 2020 of GBP491,631, widening from GBP188,150 a year prior. Revenue falls to GBP883,133 from GBP1.7 million the year before. "As a result of the Covid-19 pandemic and the closure of schools for much of the year, trading has been severely impacted at the group's school sport coaching subsidiary, Sport in Schools Ltd. This has had an adverse impact on profitability and cash flow," says Catena. Says the business is well positioned to recover as schools have re-opened and restrictions continue to be lifted. Says it is at an advanced stage in the acquisition of Insight Capital Partners Ltd, the data science and machine learning solutions company. Does not recommend a dividend.

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DP Poland PLC - Domino's Pizza franchisor in Poland - Says trading performance is in line with management expectations for 2020. Says system sales are up 7% in 2020 to PLN87.1 million, about GBP15.9 million, from PLN81.4 million a year prior.

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Symphony Environmental Technologies PLC - UK-based plastic technologies provider - Posts pretax loss in 2020 of GBP437,000, narrowing from GBP697,000 a year prior. Revenue increases to GBP9.8 million from GBP8.2 million. Pays no dividend in 2020, unchanged from 2019. Says the commercial team is extremely busy and due to strong interest in our technologies, they are focusing on a number of major markets, where sales visibility, potentially high sales volumes, and short-term delivery prospects are strong.

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Mercantile Investment Trust PLC - investment trust focused on UK medium and smaller sized firms - Posts net asset value per share at January 31 of 251.0 pence, down 9.0% from 275.8p a year before. Says its revenue account has been severely impacted by the consequences of Covid-19 as many portfolio companies either cut or cancelled their dividends. Revenue per share in the year ended January 31 decreased to 4.10p, from 7.64p in 2020. Does not declare a final dividend, leaving annual payout at 6.7p per share, representing an increase of1.5% year-on-year. "Whilst we are disappointed to have delivered negative returns to investors over the review period, the company's long-term performance record is compelling," says Mercantile. Notes uncertainty posed by Covid-19 going forward.

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Bigblu Broadband PLC - Bicester, England-based broadband services provider - Swings to pretax loss in year ended November 30, 2020 of GBP4.6 million from a profit of GBP153,000 a year prior. Revenue increases to GBP27.1 million from GBP26.8 million. Interest payable and finance costs increases to GBP7.0 million from GBP2.6 million. Does not declare a dividend, unchanged from the year prior. "We remain extremely excited by the potential of the Continuing Operations and we remain very focussed on ensuring that we generate further value for shareholders from our valuable assets," says Bigblu .

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Mineral & Financial Investments Ltd - Cayman Islands-based investment company specialising in junior mining companies - Posts net asset value per share at December 31 of 16.1 pence, up 5.9% from 15.2p a year prior. Net asset value increases to GBP5.7 million from GBP5.4 million the year before. Pretax profit for the six months to December 31 falls to GBP218,000 from GBP247,000. Says NAV growth was negatively affected by a "corrective phase in precious metal prices and continued strength of the GBP versus the USD in the period".

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By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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UK shareholder meetings calendar - next 7 days

Wednesday 24 January 
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Lowland Investment Co PLCAGM
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Tracsis PLCAGM
Thursday 25 January 
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Friday 26 January 
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Monday 29 January 
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Tuesday 30 January 
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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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9 Jan 2024 16:32

UK shareholder meetings calendar

DateCompanyEvent
10Jan24Hummingbird Resources PLCGM re share placement
10Jan24Ironveld PLCAGM
10Jan24Reabold Resources PLCGM re appointment of new directors
10Jan24Safestyle UK PLCEGM re approve winding up of company
10Jan24Scirocco Energy PLCGM re proposed disposal of interests in Energy Acquisitions Group Ltd
10Jan24Versarien PLCGM re capital reorganisation
11Jan24Pennpetro Energy PLCAGM
11Jan24R&Q Insurance Holdings LtdGM re sale of Accredited to Onex Corp
11Jan24Ten Entertainment Group PLCGM re takeover by Trive funds
12Jan24Ashington Innovation PLCAGM
12Jan24Dukemount Capital PLCAGM
15Jan2488 Energy LtdGM re fundraising
15Jan24Mondi PLCGM re special dividend
15Jan24Strip Tinning Holdings PLCGM re fundraising
15Jan24SRT Marine Systems PLCGM re fundraising
16Jan24ACG Acquisition Co LtdEGM re extension of acquisition deadline
16Jan24Catalyst Media Group PLCAGM
16Jan24Gelion PLCGM re accounts and reappointment of auditors
16Jan24Hotel Chocolat Group PLCGM re acquisition by Mars Inc
16Jan24Troy Income & Growth Trust PLCAGM
17Jan24City Pub Group PLCGM re recommended cash acquisition by Young & Co's Brewery PLC
17Jan24Diploma PLCAGM
17Jan24Forward Partners Group PLCGM re takeover offer from Molten Ventures PLC
17Jan24Impellam Group PLCGM re acquisition by Headfirst Global
17Jan24Kazera Global PLCAGM
17Jan24Majedie Investments PLCAGM
17Jan24Orcadian Energy PLCAGM
18Jan24Baillie Gifford European Growth Trust PLCAGM
18Jan24J Smart & Co (Contractors) PLCAGM
18Jan24tinyBuild IncGM re fundraise
18Jan24Topps Tiles PLCAGM
19Jan24Cardiff Property PLCAGM
19Jan24Focusrite PLCAGM
19Jan24Substrate Artificial Inteligence SAGM re investment agreement and issue of equity
22Jan24Highcroft Investments PLCGM re de-listing from LSE and relisting on TISE
22Jan24Smart Metering Systems PLCGM & Court Meeting re takeover by funds advised by KKR
23Jan24C4X Discovery Holdings PLCAGM
23Jan24Marston's PLCAGM
23Jan24Mitchells & Butlers PLCAGM
24Jan24Henderson Far East Income LtdAGM
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29Jan24Hollywood Bowl Group PLCAGM
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30Jan24Auction Technology Group PLCAGM
30Jan24Mineral & Financial Investments LtdAGM
30Jan24Ora Technology PLCAGM
30Jan24Renew Holdings PLCAGM
30Jan24SSP Group PLCAGM
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Copyright 2024 Alliance News Ltd. All Rights Reserved. 

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3 Jan 2024 12:05

Mineral & Financial upbeat on progress at Lagoa Salgada

(Sharecast News) - Mineral and Financial Investments announced a significant development in its investments in Redcorp Empreendimentos and Ascendant Resources on Wednesday, which are jointly spearheading the Lagoa Salgada Polymetallic Project in Portugal.

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Mineral & Financial completes eco assessment at Portuguese project

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Mineral & Financial Investments notes Ascendant selects lead arranger

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Mineral & Financial upbeat on progress at Lagoa Salgada

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IN BRIEF: Mineral & Financial extends Lagoa Salgada study deadline

Mineral & Financial Investments Ltd - Cayman Islands-based investment company focused on natural resources sector - Says it and its joint venture partner Ascendant Resources Inc have agreed to extend the final delivery date of the feasibility study, which forms part of earn-in option agreement for the Lagoa Salgada project in Portugal. Material & Financial holds a 50% interest in this project through its position in Redcorp-Empreendimentos Mineiros Lda. Mineral & Financial Investments says the final delivery date for the feasibility study will be on or before August 3.

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Mineral & Financial agrees extension for Lagoa Salgada study

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