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Share Price Information for Mila Resources (MILA)

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Share Price: 0.75
Bid: 0.70
Ask: 0.80
Change: 0.00 (0.00%)
Spread: 0.10 (14.286%)
Open: 0.75
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TRADING UPDATES: AB Dynamics revenue up; SDI Group trades in line

Wed, 21st Sep 2022 20:02

(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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Permanent TSB Group Holdings PLC - Dublin-based personal and small business bank - Agrees sale of largely performing buy-to-let originated loan accounts portfolio. Offloaded through securitisation transaction with funds management Pacific Investment Management Co LLC. "The proceeds will be used for general corporate purposes including the completion of the Ulster Bank transaction," company says. Deal boosts CET1 ratio by roughly 95 basis points. Portfolio consists of around 5,170 buy-to-let accounts on around 6,195 properties.

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AB Dynamics PLC - Wiltshire-based testing systems and measurement products for automotive market - Says performs well in second half of year ended August 31, "managing continued supply chain disruption". Reports "strong organic growth and another record half year period for sales". Expects annual revenue of GBP80 million, up 22%. "With robust margin performance through the second half, full year adjusted operating profit is also anticipated to be ahead of current market expectations," it says. In addition, acquires Ansible Motion Ltd for initial GBP19.2 million. "Ansible Motion is a leading provider of advanced simulators to the global automotive market. Ansible Motion's products are used for a wide range of applications including evaluation of advanced driver assistance systems, autonomy, vehicle dynamics, powertrain development and motorsport," AB Dynamics says. Maximum consideration payable is GBP31.2 million.

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SDI Group PLC - Cambridge-based medical technology firm - Says makes "good start" to financial year and expects results in line with market expectations of sales of GBP62.9 million and adjusted pretax profit of GBP11.8 million.

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Cellular Goods PLC - London-based consumer products with lab-made cannabinoids - Launches three skincare products as expands 'Look Better' range. "Cellular Goods has expanded its Look Better range with three new Rejuvenating products, comprising the Rejuvenating Night Cream, the SPF 25 Rejuvenating Day Cream and the Rejuvenating Day Mousse, complementing the company's Rejuvenating Cannabinoid Serum," Cellular says. "The new products will allow the company to widen its reach and meet demand for products that effectively address the visible signs of ageing without the irritative side effects associated with other, industry-standard ingredients such as retinoids."

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Star Phoenix Group Ltd - oil and gas company focused on Trinidad and Indonesia - Says yet to receive cash from LandOcean Energy Service Co Ltd. In August, Star Phoenix received consent award from the London Court of International Arbitration in relation to two of its four stage 1 claims. Under the award, LandOcean was required to make a payment of USD301,265 to the company by September 16. The lawsuit relates to the sale of Range Resources Trinidad Ltd to LandOcean at the end of March 2020 and outstanding payments owed by LandOcean to Star Phoenix. Star Phoenix said the payment is yet to arrive. "LandOcean has indicated that the Chinese State Administration of Foreign Exchange has, as yet, not permitted the payment to be made," the company explains.

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CVC Income & Growth Ltd - investment firm - Net asset value per euro class share at June 30 half-year end fades to EUR0.9033 from EUR1.0266 at end of December. For sterling shares, NAV falls to GBP0.9814 from GBP1.1058. Says to lift annual dividend by 20% to 6p per sterling share and 6 cents per euro share.

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Power Metal Resources PLC - metals exploration company focused on North America, Africa and Australia - Says maiden drilling campaign at Molopo Farms in Botswana has now begun. "The world needs security of metal supply, which is enhanced if from a stable and supportive operating environment, such as Botswana. Molopo Farms presents the possibility for a district scale nickel exploration opportunity, with priority drill target T1-6 expected to be the first in a series of prospective drill targets based on current geophysical work and exploration planning," Chief Executive Paul Johnson says.

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Mila Resources PLC - London-based gold company focused on Australia - Says initial results from Kathleen Valley project drilling "highly encouraging". The gold project is located in Western Australia. "Today's results underpin our findings to date and demonstrate consistently encouraging intersections with commercial grades and widths. We have the confidence to say that we are still on track with our objective to significantly enhance the initial JORC resource at Kathleen Valley, and that these latest results have justified our strategy to step out to the next hole with the intention of expanding our mineralised footprint," Executive Chair Mark Stephenson comments.

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Synergia Energy Ltd - Perth-based developer of natural gas assets in India, Indonesia and the UK, formerly called Oilex Ltd - Submits application under North Sea Transition Authority's licensing round. "Synergia has made two separate license applications covering depleted gas fields in the UKCS," Synergia says. If successful, sites will provide extra 100MT of carbon dioxide storage capacity to complement Medway Hub carbon capture project. "Development of the project would be subject to the company securing the necessary funding," Synergia says.

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Actual Experience PLC - Human Experience analytics-as-a-service company -Raises GBP2.8 million from placing and subscription at 2 pence each. Earlier on Wednesday, it said it planned to raise up to GBP3.0 million through placing and subscription, with extra GBP500,000 in broker option. In addition, company says Dave Page steps down as chief executive effective immediately. Steve Bennetts becomes interim CEO in addition to his role as chief financial officer. Non-Executive Chair Kirsten English becomes executive chair. "The board will commence the search for a new CEO in a process involving external candidates plus a strong internal candidate with the view to having the new CEO appointed by 1 January 2023," company says.

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Red Rock Resources PLC - London-based natural resource development company with interests in Africa and Australia - Raises GBP160,000 in placing of 40.0 million shares at 0.4 pence each. Investment comes from "high net worth investor". "The net proceeds of the placing will be used for general working capital for the group," Red Rock says.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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15 Nov 2022 17:36

Mila Resources shares tumble as Kathleen Valley drilling disappoints

(Alliance News) - Mila Resources PLC shares slumped on Tuesday, as it reported little success from drilling at its Kathleen Valley gold project in Western Australia.

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Mila Resources says deepest drilling yet produced promising results

(Alliance News) - Mila Resources PLC on Tuesday said it continues to make progress towards commercialisation at Kathleen Valley after receiving encouraging results from the deepest holes drilled there to date.

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Mila Resources says will use new funds to fund further exploration

(Alliance News) - Mila Resources PLC on Thursday said that it has raised GBP696,000 through a placing, which it will use to further fund exploration at the Kathleen Valley gold project.

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Mila shares rise as stage two mining begins at Kathleen Valley

(Alliance News) - Mila Resources PLC on Tuesday confirmed that its stage two drilling programme has begun at the Kathleen Valley gold project.

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IN BRIEF: Mila Resources to start stage 2 drilling at Kathleen Valley

Mila Resources PLC - London-based gold company focused on Australia - Says its stage 2 drilling programme is ready to start at the Kathleen Valley Gold project in Western Australia. Says this stage will build on the success of stage 1 results, focussing solely on the Coffey deposit located in the southern portion of the Kathleen Valley project, as it looks to build a "significant" commercial resource at the project.

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25 Apr 2022 21:25

IN BRIEF: Mila Resources reports drill results surpassing expectations

Mila Resources PLC - London-based gold company focused on Australia - Notes assay results from 2022 diamond drilling programme at Kathleen Valley gold project in Australia, with assays for first five of the 11 core holes showing exceptional results.

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