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Pin to quick picksMetals Exploration Share News (MTL)

Share Price Information for Metals Exploration (MTL)

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Share Price: 5.10
Bid: 5.00
Ask: 5.20
Change: -0.15 (-2.86%)
Spread: 0.20 (4.00%)
Open: 5.25
High: 5.25
Low: 5.05
Prev. Close: 5.25
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WINNERS & LOSERS SUMMARY: UDG Healthcare Surges After McKesson Deal

Fri, 18th Sep 2015 09:17

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.

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FTSE 100 - WINNERS

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Randgold Resources, up 3.9%, Fresnillo, up 3.7%. The miners benefited from a spike in the gold price following the decision by the US Federal Reserve to keep interest rates on hold.

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FTSE 250 - WINNERS

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UDG Healthcare, up 6.5%. The healthcare services company said it has entered into a conditional agreement to sell its United Drug Supply Chain Services and its MASTA unit for EUR407.5 million to McKesson Corp, the US drug distribution company. UDG said it will sell the businesses to McKesson in cash and said the sale is in line with its plan to focus on higher growth, higher margin international healthcare services businesses. The net proceeds from the sale will be used to develop and strengthen its Ashfield Commercial and Medical Services division, its Aquilant laboratory distribution arm and its Sharp Packaging Services unit.

Poundland Group, up 2.9%. The UK Competition and Markets Authority said it has cleared Poundland's acquisition of 99p Stores. The antitrust regulator said it has concluded that the merger will not result in a substantial lessening of competition and consequently customers would not face a reduction in choice, value or quality of a service as a result.

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FTSE 250 - LOSERS

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Kaz Minerals, down 3.9%. Exane BNP Paribas has cut its rating on the Kazakhstan-focused miner to Underperform from Neutral and cut its target price on the shares to 120 pence from 210 pence.

Rotork, down 2.0%. The actuators and flow control products manufacturer had its price target cut by Goldman Sachs, UBS, Citigroup and Liberum and was cut to Reduce from Neutral by Nomura, which also cut its target price. On Thursday, shares in Rotork plummeted after it said tough trading conditions in the third quarter had resulted in project delays and cancellations which meant its profit for the full year will miss expectations.

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MAIN MARKET AND AIM - WINNERS

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Private & Commercial Finance Group, up 15%. The financing provider said it is trading ahead of expectations in its current financial year. Scott Maybury, its chief executive, said in a statement to be given at its annual general meeting that the company has continued to outperform its targets on portfolio growth, quality and profitability. The group said it is trading ahead of its expectations for the six months to the end of September. Maybury also said the group is still intending to start paying a dividend and shareholders at the AGM will vote on proposals which will allow this to happen.

Applied Graphene Materials, up 14%. The graphene materials producer said that its overall trading performance in its full financial year was slightly ahead of company expectations. The graphene materials producer said that during the year ended July 31, it significantly broadened the pipeline of identified collaboration opportunities, and provided over 120 evaluation samples to customers in more than 20 countries, with more evaluation quantities provided in the final quarter than in the previous nine months combined.

Adams, up 16%. The investing company said it has placed 18.2 million shares at 4.4 pence each to raise GBP800,000 for the company. The company said that the proceeds of the placing will be used to make investments and for general working capital purposes.

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MAIN MARKET AND AIM - LOSERS

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Ferrexpo, down 31%. The iron ore pellets producer said its transactional bank in Ukraine has been declared insolvent. Ferrexpo said Bank F&C had been declared insolvent by its largest shareholder, Kostyantin Zhevago. The company said it will update the market where necessary on the situation at the bank but said its operations have not been affected so far. It currently has around USD174.0 million of its total USD280.0 million cash balance held at Bank F&C.

Metals Exploration, down 15%. The company outlined a series of funding plans, including a placing, an open offer and a debt securities issue. The company said it has secured commitments to raise USD5.0 million via the placing of 108.0 million shares at 3.0 pence per share. Metal Exploration also said it plans to offer up a further 100.0 million shares, to be issued at 3.0 pence per share each, via an open offer through which it intends to raise EUR5.0 million. In addition, the company said it is in final discussions with shareholders to raise another USD5.0 million by issuing debt securities, which will be used for working capital and contingency purposes.

HC Slingsby, down 11%. The industrial and commercial equipment distributor posted a slightly wider pretax loss for the first half of 2015 on Friday due to it booking higher one-off costs related to the acquisition of ESE Direct in Norwich and said it would scrap its dividend amid tough trading conditions. Slingsby's pretax loss was GBP408,000 for the six months to the end of June, compared to GBP381,000 a year earlier, while revenue was up to GBP7.7 million from GBP6.4 million.

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By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2015 Alliance News Limited. All Rights Reserved.

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25 Jan 2019 10:04

Metals Exploration Hires New Interim Chair Following Board Departures

LONDON (Alliance News) - Metals Exploration PLC on Friday said it has appointed a new interim chair, a day after its former chair and finance chief left.Guy Walker, a current non-executive

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24 Jan 2019 14:04

Metals Exploration Non-Exec Chair And Chief Financial Officer Resign

LONDON (Alliance News) - Metals Exploration PLC on Thursday said Non-Executive Chair Ian Holzberger has resigned with immediate effect.Furthermore, Chief Financial Officer Andrew Rodgers He

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4 Jan 2019 14:26

Metals Exploration gets extension to short-term loan conditions

(Sharecast News) - Metals Exploration confirmed it had received an extension to its short term loan with MTL Luxembourg on Friday.

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4 Jan 2019 11:06

Metals Exploration Lenders Agree To Extend Loan Consolidation Deadline

LONDON (Alliance News) - Metals Exploration PLC on Friday said the lenders of a USD6.6 million short term loan have approved an extension of deadline to the end of January, to allow the company to

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3 Jan 2019 10:05

Metals Exploration Appoints CEO From Colombian Gold Miner Minesa

LONDON (Alliance News) - Metals Exploration PLC said Thursday that it has appointed Darren Bowden as chief executive officer, effective immediately.Share price in the natural resources more

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6 Dec 2018 14:26

Metals Exploration Seeks CEO As Executive Chairman Goes Non-Exec

LONDON (Alliance News) - Metals Exploration PLC said Thursday that Ian Holzberger will shift from executive- to non-executive chair, and it has started the search for a chief executive officer as

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22 Nov 2018 13:48

Metals Exploration Agrees Standby Loan With Two Shareholders

LONDON (Alliance News) - Metals Exploration PLC said Thursday it has agreed an unsecured standby loan facility with two of its major shareholders, as the company works towards realigning its and a

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5 Nov 2018 13:07

Metals Exploration Secures Waiver To Extend Debt Repayment

LONDON (Alliance News) - Metals Exploration PLC said Monday it secured a waiver from its senior lenders for the payment of capital amounts of USD35.6 million until the end of January natural said

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2 Nov 2018 10:17

Metals Exploration resumes ops at Runruno after Typhoon Rosita cleanup

(Sharecast News) - Metals Exploration on Friday said mining and processing operations at its Runruno project in the Philippines had resumed after temporary repairs to the site's bridge crossing.

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25 Oct 2018 13:32

Metals Explorations Sells More Gold Quarterly Despite Software Error

LONDON (Alliance News) - Metals Exploration PLC said on Thursday its overall mining operations continued to improve in the third quarter, however ore production was restricted due to an error in

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9 Oct 2018 14:45

Metals Exploration Shares Fall As Runruno Dropped To 80% Capacity

LONDON (Alliance News) - Metals Exploration PLC on Tuesday said it will run its Runruno mining operation in the Philippines at 80% capacity in October and November.Shares in the natural 21%

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28 Sep 2018 12:15

Metals Exploration Interim Loss Deepens On Costs, Gold Output Boosted

LONDON (Alliance News) - Metals Exploration PLC said Friday its interim loss deepened despite revenue rising on higher gold production as costs rose sharply.For the six months ended June, a

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29 Aug 2018 12:34

Metals Exploration Shares Fall As It Asks For New Debt Payment Waiver

LONDON (Alliance News) - Metals Exploration PLC shares fell Wednesday as it said it will not meet to amended deadline for capital payments on its debt on Friday.Metals Exploration was 25% a

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31 Jul 2018 12:31

Metals Exploration To Defer Capital Payment Until August

LONDON (Alliance News) - Metals Exploration PLC said on Tuesday its senior lenders, HSBC Corp Ltd and BNP Paribas SA, have consented to a waiver request to defer three capital payments until debt

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25 Jul 2018 11:42

Metals Exploration Secures USD4 Million Financing To Partly Repay Debt

LONDON (Alliance News) - Metals Exploration PLC on Wednesday said it has agreed a USD4 million loan facility from major shareholders Sarl Ltd and Runruno Holdings Ltd.The stock was trading

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