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Pin to quick picksMkango Res Share News (MKA)

Share Price Information for Mkango Res (MKA)

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Share Price: 7.10
Bid: 6.70
Ask: 7.50
Change: 0.15 (2.16%)
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Open: 6.85
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TRADING UPDATES: Impellam's first quarter beats pre-virus levels

Thu, 28th Apr 2022 19:25

(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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Impellam Group PLC - Luton, England-based recruiter - For the first quarter ended April 1, revenue grows 17% year-on-year to GBP612.7 million, and is also 12% above pre-pandemic levels, leading to earnings before interest, tax, depreciation and amortisation rising 68% to GBP10.1 million from a year prior, and 60% above pre-pandemic levels.

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Resolute Mining Ltd - Perth-based gold miner in Africa - For the three months ended March 31, gold poured rises 2% at 81,770 ounces from 79,816 ounces the same period a year before, leading to a 17% increase in gold sales to 88,773 ounces from 75,636 ounces, at an average realised price of USD1,876 per ounce from USD1,749. The improved gold production is from better performances from the Syama Oxide operation in Mali as well as Mako in Senegal.

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Aptitude Software Group PLC - London-based finance transformation and automation software - For the year to date, continues to make good operational progress, with new business across its product suite in all regions throughout the first months of the year, including a multi-year eSuite contract win with a global broadcaster, leading to confidence that Aptitude will meet management expectations in performance for 2022.

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Libertine Holdings PLC - Sheffield, England-based technology for power generation from renewable fuels - For the year ended March 31, the company delivers GBP3 million in commercial and grant income contract milestones, and has completed the internal combustion systems design and manufacture for the MAHLE Powertrain, which is ready for planned combustion testing from the first quarter of its current financial year. As at March 31, has GBP6.7 million in cash reserves.

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C4X Discovery Holdings PLC - Manchester-based developer of drug discoveries - For the six months ended January 31, pretax loss widens to GBP5.5 million from GBP4.5 million the same period a year before, on higher R&D and administrative expenses, while generating GBP66,000 in revenue.

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PPHE Hotel Group Ltd - Amsterdam-based hotel owner and operator - For the first quarter ended March 31, total revenue rises sharply to GBP32.0 million from GBP5.3 million the same period a year before, as demand for international travel and hotels grow. However, the figure remains 49% below pre-virus levels, which stands at GBP62.5 million for the three months ended March 31, 2019. Revenue per available room rises to GBP124.1 from GBP72.9 a year prior, as occupancy climbs to 34.2% from 7.1%. Looking ahead, the momentum achieved by PPHE in the first quarter has continued into the second quarter.

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Merit Group PLC - business intelligence, media and technology resourcing - For the year ending March 31, adjusted earnings before interest, tax, depreciation and amortisation rises to GBP2.8 million, ahead of market expectations of GBP2.0 million, as revenue increases 10% year-on-year. "The group's recovery and improved financial performance will allow us to concentrate on our strategic goal of building a strong growth company focused on technology enabled business intelligence," says Chief Executive Officer David Beck.

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Nexus Infrastructure PLC - Essex, England-based infrastructure services provider - For the six months ended March 31, revenue is expected to grow 25% to GBP80 million from GBP63.9 million, as the total order book as at March 31 stands at GBP306.8 million, a 1.7% rise from GBP301.6 million. Revenue growth is fostered by strong performances from TriConnex and sharp growth from eSmart Networks.

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Smoove PLC - Oxfordshire, England-based online platforms for conveyancing and financial intermediary markets - For the year ended March 31, revenue rises 12% to GBP19 million from GBP17 million the year before, as conveyancing completions in the period grows 10% to 37,009, while instructions rise 22% to 67,156. Revenue growth is driven by strong growth in the broker channel and increased demand through a bounce back from Covid-19. Looking ahead, the company continues to see strong trading demand for its flagship eConveyancer brand.

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Vianet Group PLC - Stockton-on-Tees, England provider of retail sales and volume monitoring systems - Through a strong recovery in the second half, for the year ended March 31, revenue is expected to to rise 55% to GBP13.0 million from GBP8.4 million the prior year, on new contract wins and device sales. As a result, operating profit is set to be GBP2.2 million, swinging from a loss of GBP700,000.

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Kerry Group PLC - Tralee, Ireland-based nutrition products - For the three months ended arch 31, group volumes grow 5.6%, and 6.3% on a like-for-like basis, with growth in Taste & Nutrition and Dairy Ireland. Group revenue grows 8.1% year-on-year, and for 2022 as a whole, expects to achieve adjusted earnings per share rise between 5% and 9% on a constant currency basis.

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Mkango Resources Ltd - Vancouver-based explorer for rare earth elements - For 2021, pretax loss widens to USD9.7 million from USD4.1 million the year before, on a sharp rise in administrative costs and mineral project expenditures. Looking ahead, the feasibility study for Songwe is expected to be completed in the second quarter of 2022, while studies for the Pulawy rare earth separation plant in Poland is underway.

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Glenveagh Properties PLC - Dublin-based housebuilder - For 2022 to date, company has a total order book of 2,160 units across Suburban and Urban segments, and is on-track to deliver 1,400 Suburban homes in 2022 with 80% sold, signed or received. Looking ahead, the company intends to launch a further EUR75 million buyback programme. "The growth in the Suburban segment, allied with the Partnership's business which is set to materially deliver from 2024, means the group expects to see continued growth in 2024 and beyond," the company states.

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IQ-AI Ltd - Jersey-based medical services firm - For 2021, pretax loss narrows to GBP501,058 from GBP717,534 the year before, as revenue more than doubles to a record figure of GBP521,069 from GBP255,314, through the securing of several new patients, and the achievement of new product development milestones.

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Creo Medical Group PLC - Chepstow, Wales-based medical device company - For 2021, expects revenue to be at least GBP25 million, more than doubling from GBP9.4 million the year before. This momentum carries on into the first quarter of 2022, with revenue being strong and supported by the reopening of markets post Covid-19 and the resultant backlog of demand for elective procedures and adoption of Creo Speedboat Inject device.

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Aseana Properties Ltd - property developer in Malaysia and Vietnam - For the 2021, pretax loss narrows to USD4.8 million from USD9.1 million loss in 2020. Says loss was largely due to the finance cost incurred in relation to RuMa Hotel & Residences and the Sandakan hotel asset and the Harbour Mall in Sandakan, in the Malaysian state of Sabah.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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IN BRIEF: Mkango Resources cuts executive pay to save costs

Mkango Resources Ltd - Vancouver-based mineral explorer and developer with exploration portfolio in Malawi - Reduces executive management salaries by between 25% and 50% each from April through to September this year. Says this is part of its cost-cutting initiatives and complementary to its GBP750,000 private placement announced on April 11. Explains that cutting executive pay "conserves additional working capital to advance the company's assets". Board has also "implemented a bonus scheme in the form of shares to incentivise the executive management team". Mkango notes that non-executive directors, including Non-Executive Chair Derek Linfield, have been foregoing remuneration since January 1.

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Mkango raises £0.75m to support HyProMag's first commercial sales

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Mkango Resources raises GBP720,000 after fees in placing of shares

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Mkango to begin sales of recycled magnets following fundraising drive

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IN BRIEF: Mkango eyes HyProMag feasibility study completion this year

Mkango Resources Ltd - rare earth metals explorer - Says BBA USA Inc and PegasusTSI Inc have been engaged to complete a feasibility study for the HyProMag USA asset. The study concerns the engineering and design of a rare earth element magnet recycling facility. "The feasibility study is expected to be completed during H2 2024. HyProMag USA has the potential to supply the US with a sustainable, long term domestic supply of neodymium/iron/boron permanent magnets to enable the creation of secure, low carbon and traceable rare-earth supply chains," it says. Mkango owns around 79% of Maginitom which in turn owns all of HyProMag. Toronto-listed CoTec Holdings Corp owns around 21% of Maginitom.

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Mkango announces US HyProMag partnership

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(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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Mkango subsidiary joins CoTec to promote magnet scrap recycling in US

(Alliance News) - Mkango Resources PLC on Wednesday said that its subsidiary will partner with CoTec Holdings Corp to roll out scrap magnetic recycling technology in the US.

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12 Dec 2023 15:41

Mkango completes first production run of recycled rare earth magnets

(Sharecast News) - Mkango Resources announced on Tuesday that it has completed its first production runs of recycled rare earth magnets, marking a pivotal moment in securing essential raw materials.

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12 Dec 2023 09:32

Mkango celebrates first production of recycled magnets in Birmingham

(Alliance News) - Mkango Resources Ltd on Tuesday announced the first production of recycled rare earth magnets on commercial scale manufacturing equipment in the UK in over 20 years.

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EARNINGS AND TRADING: Lendinvest completes securitisation

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

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11 Oct 2023 17:24

Mkango Resources hails HyProMag's technology chosen for key project

(Alliance News) - Mkango Resources Ltd on Wednesday said that HyProMag Ltd's rare earth magnet recycling technology has been selected by the Minerals Security Partnership for support as one of its key projects.

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Mkango reports progress on HyProMag's US ambitions

(Sharecast News) - Mkango Resources, alongside CoTec Holdings, updated the market on the incorporation of HyProMag's rare earth magnet recycling technology in the United States on Tuesday.

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Mkango rare earth recycling JV advances to feasibility study in US

(Alliance News) - Mkango Resources Ltd on Tuesday said planning for the US feasibility study for its joint venture with CoTec Holdings Corp, HyproMag Ltd, has started, with completion targeted for mid-2024.

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