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UK TRADING UPDATE SUMMARY: Novacyt Gets WHO Covid-19 Test Kit Okay

Wed, 08th Apr 2020 14:46

(Alliance News) - The following is a round-up of updates by London-listed companies on the impact of the Covid-19 pandemic, issued on Tuesday and Wednesday and not separately reported by Alliance News:

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Novacyt SA - clinical diagnostics - Says Covid-19 testing kit eligible for emergency use process, the fast tracking availability designation by the World Health Organization. Partners with AstraZeneca PLC, GlaxoSmithKline PLC and University of Cambridge to ramp up Covid-19 testing.

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Oxford Biomedica PLC - gene and cell therapy - Joins consortium of companies working on Covid-19 vaccine.

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Capital Drilling Ltd - mining services - Says final dividend will now be classed as an interim payout due to delay of holding annual general meeting amid Covid-19 lockdown.

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Panther Metals PLC - mineral exploration - Says directors pay has been cut by 51% and all service provider contracts have been suspended.

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Tri-Star Resources PLC - minerals processing - Says Covid-19 has had little impact on the Strategic & Precious Metals Processing LLC antimony and gold production facility, in which it has a 40% stake. Delays annual results as travel curbs means auditors unable to review SPMP accounts.

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Enteq Upstream PLC - oilfield services - Hurt by Covid-19 and fall in oil prices. Says it has cut US workforce by 60%. Expects earnings in line with expectations in year ended March 31, with revenue of USD11 million and adjusted earnings before interest, tax, depreciation and amortisation of USD3 million.

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Wentworth Resources PLC- natural gas - Says full-year results to be published later in April, following Financial Conduct Authority guidance. Expects results in line with internal expectations and company yet to be impacted by Covid-19.

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Porvair PLC - filtration and environmental technology - Supplying filtration equipment for ventilator makers across the globe, including to a UK consortium fronted by the Mercedes Formula One racing team. Does not believe it needs to change final dividend recommendation to save funds.

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Gooch & Housego PLC - optical components and systems manufacturer - Demand in Japan, South Korea and China improves but weaker in US and Europe. Expects "material short-term impact" from Covid-19. Says all UK manufacturing sites running but at reduced capacity.

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Remote Monitored Systems PLC - data collection and surveying - Says Cloudveil subsidiary sees increased demand, providing service to two security guarding firms managing risks associated to Covid-19.

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Osirium Technologies PLC - cybersecurity - Has seen little impact on trading from Covid-19 but has temporarily frozen new hires and cut non-discretionary spend. Renews contract with two UK regional police authorities for cyber-protection of 1,000 devices.

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Ethernity Networks Ltd - network technology and security - Covid-19 has not had "material impact" on trading, but company says directors have taken 50% pay cut, with 20% of the reduction deferred.

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Iconic Labs PLC - media and technology - Says online and social media Covid-19 fact-checking service Infotagion has had one million readers.

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Fastjet PLC- Africa-focused low cost airline - All airline employees have taken pay cuts as high as 30%, and non-essential workers on paid annual leave. In talks to dispose of holding in Zimbabwe subsidiary and has enough cash resources to continue operating until June.

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Centaur Media PLC - events and marketing - Cuts most of marketing costs, halts recruitment and furloughs some employees to save costs. Moved two The Lawyer events to the fourth quarter of 2020 from the second quarter. Plans for Festival of Marketing event to proceed in October. Defers annual general meeting to June 30 so final dividend payment delayed.

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Everyman Media Group PLC - cinema group - Raises GBP17.5 million in oversubscribed placing. Everyman placed 17.5 million shares at 100 pence each to shore up finances amid site closures due to Covid-19.

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Empresaria Group PLC - recruiter - Says demand slumped from mid-March due to Covid-19, forcing company to slash costs and furlough employees. Cancels final 2019 dividend and says no guidance for current financial year.

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Robert Walters PLC - recruiter - Reported 11% annual fall in first quarter net fee income to GBP87.4 million, including 29% plunge in UK alone. Says Covid-19 hurt first-quarter performance and expects even more challenging second quarter.

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St James House PLC - lottery and e-commerce operator - Says Astro Kings five-a-side football site joint-venture in Nottingham forced to close due to lockdown measures. Lottery division is largely unhurt by Covid-19 but reports minor impact on payments division.

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Marble Point Loan Financing Ltd - investment firm - Suspends declaration of dividends due to virus outbreak. Says difficult to predict Covid-19 impact on collateralized loan obligation market.

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RiverFort Global Opportunities PLC - investor - Seeing increasing number of investment opportunities despite pandemic. Says it is well-funded with cash balances of GBP2.8 million.

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Tavistock Investments PLC - fund manager - Says Covid-19 and UK government imposed lockdown to hurt company's performance. Adds no dividend will be paid at present and executive team have volunteered to waive "significant proportion" of income.

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Fiske PLC - stockbroker and investor - Says trading since late-February has been in line with board expectations and March commission revenue higher than usual due to market volatility. Has furloughed staff where possible.

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Urban Logistics REIT PLC - real estate investment trust - Only four of 38 properties in portfolio not operational due to Covid-19 lockdown measures. Says too early to outline full impact from virus. Acquires nine logistics sites for GBP56.1 million altogether.

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Real Estate Investors PLC - real estate investment trust - receives "high percentage" of rent due for March. Completed GBP779,000 worth of lease renewals, despite UK government lockdown.

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Zambeef Products PLC - food producer - Agrees to delay disposal of its Sinazongwe farm to April 24.

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Real Good Food PLC - food ingredients - Says revenue in year to March 31 in line with expectations, but March trading hurt by health crisis. Expects "material impact" on first-quarter sales.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
10 Apr 2024 11:51

IN BRIEF: Enteq Technologies says build-progamme progressing

Enteq Technologies PLC - Ascot, England-based energy services technology and equipment supplier - Expects to report revenue of about USD900,000 for the financial year ended 2024, down from USD6.2 million posted for financial 2023. The company says this reflects its sale of the XXT business for about USD3.2 million. Further, eyes adjusted loss before interest, tax, depreciation and amortisation of around USD2.9 million, widened from USD1.2 million in financial 2023. Meanwhile, the steer-at-bit enteq rotary, or SABER, tool and personnel are currently on-location in a live drilling environment in Australia, Enteq adds. "The build-programme for the further fleet of equipment is progressing as planned, with the major items now in stock at the Houston facility. Additional incremental performance and production improvements have been implemented and tested," it says.

Read more
10 Apr 2024 08:05

Enteq FY losses narrow

(Sharecast News) - Energy services firm Enteq said on Wednesday that it had narrowed full-year losses as it continues tp focus on the development and commercialisation of its SABER Tool, whilst maintaining a lean overhead base.

Read more
12 Feb 2024 19:44

TRADING UPDATES: Katoro Gold launches fundraising, eyes board shake-up

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

Read more
15 Nov 2023 14:05

IN BRIEF: Enteq Technologies hails de-risking as interim loss narrows

Enteq Technologies PLC - Ascot, England-based energy services technology and equipment supplier - In the six months to September 30, pretax loss narrows 22% to USD594,000 from USD766,000 a year prior. Revenue dives to USD774,000 from USD4.9 million, however. Cost of sales decrease to USD1.3 million from USD3.5 million, while administrative expenses fall to USD79,000 from USD2.2 million. Looking ahead, the company says: "The SABER project has been substantially de-risked after the recent successful field-testing, with a fleet of the first generation of commercial tools currently being manufactured for deployment, to a customer contract which includes a first phase of customer testing, in addition to other potential opportunities."

Read more
2 Oct 2023 21:52

IN BRIEF: Enteq pretax loss unchanged, former chair retires

Enteq Technologies PLC - Ascot, England-based energy services technology and equipment supplier - On Friday, reports zero total revenue from continuing operations in the year ended March 31, unchanged from the year prior. Pretax loss was unchanged at USD1.6 million while basic loss per share was 2.0 pence compared to 2.2p.

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22 Sep 2023 16:09

UK shareholder meetings calendar - next 7 days

Monday 25 September 
Amte Power PLCGM re share issue to raise GBP2m
Ondo InsurTech PLCAGM
ThomasLloyd Energy Impact Trust PLCGM re appointment of new directors
Tuesday 26 September 
BSF Enterprise PLCGM re placing, subscription and broker warrants
Cohort PLCAGM
Ediston Property Investment Co PLCGM re disposal of the property portfolio
Fulcrum Utility Services LtdGM re AIM cancellation
James Cropper PLCAGM
Knights Group Holdings PLCAGM
Miton UK MicroCap Trust PLCAGM
Mycelx Technologies CorpAGM
Orient Telecoms PLCAGM
Redde Northgate PLCAGM
Saietta Group PLCAGM
Scholium Group PLCAGM
SulNOx Group PLCAGM
Supreme PLCAGM
Tern PLCGM re management changes
Wednesday 27 September 
4Global PLCAGM
abrdn New India Investment Trust PLCAGM
Amigo Holdings PLCAGM
AO World PLCAGM
Baltic Classifieds Group PLCAGM
Coral Products PLCAGM
EDX Medical Group PLCAGM
Empyrean Energy PLCAGM
First Property Group PLCAGM
Pharma C Investments PLCGM re executive changes
Riverstone Energy LtdEGM re tender offer
Samarkand Group PLCAGM
System1 Group PLCAGM
Schroder Real Estate Investment Trust LtdAGM
Voyager Life PLCAGM
Thursday 28 September 
abrdn Japan Investment TrustGM re merger with Nippon Active Value Fund PLC
abrdn Japan Investment TrustAGM
ActiveOps PLCAGM
Babcock International Group PLCAGM
Boussard & Gavaudan Holding LtdEGM re managed wind-dow proposals
CentralNic Group PLCGM re name change to Team Internet Group PLC
CT Global Managed Portfolio Trust PLCAGM
Diageo PLCAGM
FIH Group PLCAGM
FRP Advisory Group PLCAGM
Kromek Group PLCAGM
Oxford Cannabinoid Technologies Holdings PLCAGM
Pembroke VCT PLCAGM
Polar Capital Holdings PLCAGM
Redcentric PLCAGM
Revolution Beauty Group PLCAGM
Roebuck Food Group PLCAGM
TruFin PLCAGM
Zoo Digital Group PLCAGM
Friday 29 September 
600 Group PLCAGM
Andrada Mining LtdAGM
Capital Metals PLCAGM
Enteq Technologies PLCAGM
finnCap Group PLCAGM
Goodwin PLCAGM
GRC International Group PLCAGM
Hellenic Dynamics SAAGM
ITM Power PLCAGM
Kodal Minerals PLCAGM
Merit Group PLCAGM
Naked Wines PLCAGM
Shearwater Group PLCAGM
Victoria PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
9 Aug 2023 16:41

Enteq advances testing of 'SABER' tool

(Sharecast News) - Energy service equipment company Enteq Technologies reported significant advancements with the testing of its innovative 'SABER' tool in North America on Wednesday.

Read more
9 Aug 2023 12:09

LONDON MARKET MIDDAY: FTSE 100 perks up despite troubling China data

(Alliance News) - Stock prices in London were higher at midday on Wednesday, shaking off more disappointing China data, while focus turns to Thursday's US inflation reading and what that could mean for future Federal Reserve decisions.

Read more
9 Aug 2023 10:13

AIM WINNERS & LOSERS: CyanConnode wins order; Enteq shares jump

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

Read more
9 Aug 2023 09:59

Enteq's Saber drilling tool meets extensive drilling test objectives

(Alliance News) - Enteq Technologies PLC on Wednesday said its Saber drilling tool met test objectives during extensive downhole drilling testing in North America, providing a "game-changing" alternative to traditional rotary steerable systems.

Read more
13 Jun 2023 15:53

UK earnings, trading statements calendar - next 7 days

Wednesday 14 June 
Castings PLCFull Year Results
Eckoh PLCFull Year Results
Frontier Developments PLCTrading Statement
Marks Electrical Group PLCFull Year Results
Motorpoint Group PLCFull Year Results
Safestore Holdings PLCHalf Year Results
Severfield PLCFull Year Results
Thursday 15 June 
Bunzl PLCTrading Statement
Chaarat Gold Holdings LtdFull Year Results
Fuller, Smith & Turner PLCFull Year Results
GB Group PLCFull Year Results
Halfords Group PLCFull Year Results
Halma PLCFull Year Results
JLEN Environmental Assets Group LtdFull Year Results
Molten Ventures PLCFull Year Results
Mountview Estates PLCFull Year Results
Norcros PLCFull Year Results
Origin Enterprises PLCTrading Statement
Syncona LtdFull Year Results
Friday 16 June 
Peel Hunt LtdFull Year Results
Record PLCFull Year Results
S-Ventures PLCFull Year Results
Tesco PLCTrading Statement
Monday 19 June 
Finsbury Food Group PLCTrading Statement
Triple Point Energy Transition PLCFull Year Results
Utilico Emerging Markets Trust PLCFull Year Results
Tuesday 20 June 
Enteq Technologies PLCFull Year Results
Gear4Music PLCFull Year Results
IG Design Group PLCFull Year Results
Intercede Group PLCFull Year Results
SThree PLCTrading Statement
Monks Investment Trust PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
1 Jun 2023 09:25

IN BRIEF: Enteq appoints Richard Irvin's Mark Ritchie as CFO

Enteq Technologies PLC - Ascot, England-based energy services technology and equipment supplier - Appoints Mark Ritchie as chief financial officer, starting on June 16 and succeeding current CFO, David Still.

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12 Apr 2023 14:34

Enteq sells XXT intellectual property; expects annual swing to loss

(Alliance News) - Enteq Technologies PLC on Wednesday reported the sale of intellectual property and gave an outlook for financial year 2023 that ended on March 31.

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29 Mar 2023 12:49

Enteq sells freehold site in Houston for $2.5m

(Sharecast News) - Energy services specialist Enteq Technologies announced the sale of its freehold premises in Houston, Texas on Wednesday.

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29 Mar 2023 12:39

Enteq Technologies sells property to support Sabel tool product

(Alliance News) - Enteq Technologies PLC on Wednesday said it has sold its freehold premises in Houston, Texas for USD2.5 million.

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