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Pin to quick picksMetals Exploration Share News (MTL)

Share Price Information for Metals Exploration (MTL)

London Stock Exchange
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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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23 Jul 2018 13:23

Metals Exploration Slowly Recovers Gold Production Over Second Quarter

LONDON (Alliance News) - Metals Exploration PLC said on Monday it has made progress following the restarting of its BIOX ramp up at the Runruno gold mine operations, leading to improved gold group

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5 Jul 2018 13:03

Metals Exploration Runruno Gold Mine Experiences Challenges

LONDON (Alliance News) - Metals Exploration PLC said Thursday its Runruno gold mine is "experiencing challenges".Shares in Metals Exploration were down 10% at 2.80 pence each BIOX

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24 May 2018 13:02

Gold Producer Metals Exploration Reports Narrowed Annual Loss

LONDON (Alliance News) - Metals Exploration PLC on Thursday reported a narrowed loss for 2017 on the back of diminished losses on forward sales contracts and lower finance costs.For 2017, a

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10 May 2018 14:27

Metals Exploration Non-Execs Wilson And Dean Both Depart

LONDON (Alliance News) - Metals Exploration PLC on Thursday announced the resignations of non-executive directors Tim Dean and Julian Wilson effective immediately.It is to look for "in

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20 Apr 2018 13:24

Metals Exploration Reports Sharp Drop In Runruno Gold Sales

LONDON (Alliance News) - Metal Exploration PLC said Friday that the bacterial oxidation circuit at the Runruno gold-molybdenum project in the Philippines achieved 100% design throughput and will

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29 Mar 2018 14:13

Metals Exploration Secures USD2 Million Loan From Shareholders

LONDON (Alliance News) - Metals Exploration PLC said Thursday that all areas of operation are performing soundly and that it has secured a USD2 million standby

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10 Jan 2017 16:22

Director dealings: Metals Ex director sees upside after loan terms agreed

(ShareCast News) - Metals Exploration director Jeremy Ayre shelled out £0.25m on shares in the Philippines-focused outfit as they trade at half the level they reached last summer, perhaps setting a floor for the stock after new debt terms were agreed last month. Ayre, a corporate finance specialist

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30 Sep 2016 10:59

Metals Exploration Begins Commercial Production As Loss Widens

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15 Jul 2016 10:54

LONDON MARKET MIDDAY: Terror Attack In France Weighs On Travel Stocks

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15 Jul 2016 09:09

Metals Exploration Says It Requires "Immediate Additional Funding"

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13 Jul 2016 09:26

Metals Exploration Resumes Milling Operations At Runruno

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30 Jun 2016 11:58

Metals Exploration Seeks Debt Facility Restructure As Repairs Continue

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24 Jun 2016 09:56

Metals Exploration Says Milling At Runruno Gold Project Suspended

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17 Jun 2016 15:06

UK Shareholder Meetings Calendar - Next 7 Days

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13 Jun 2016 16:13

Metals Exploration pours first gold at Runruno

(ShareCast News) - Natural resources development firm Metals Exploration announced on Monday that its Runruno Gold project has successfully poured its first gold Doré as part of its ongoing "test running and debugging" programme of the processing plant and associated operations. The AIM-traded compa

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