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Share Price: 190.50
Bid: 186.00
Ask: 195.00
Change: -7.00 (-3.54%)
Spread: 9.00 (4.839%)
Open: 197.50
High: 197.50
Low: 188.50
Prev. Close: 197.50
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TRADING UPDATES: Tasty sales rise; Synectics wins National Grid deal

Tue, 08th Mar 2022 12:33

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

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Tasty PLC - London-based casual dining restaurant operator - Says revenue in year ended December 26 amounts to GBP34.9 million, up 44% from GBP24.2 million. Revenue reaches 78% of pre-pandemic level of GBP44.6 million. Expects a swing to adjusted earnings before interest, tax, depreciation and amortisation of GBP8.0 million, from GBP2.7 million loss. "In addition, there has been a recruitment drive to strengthen the head office team and operational structure. This increase in head count will facilitate a measured expansion plan for a pipeline of five to six new units this year and a refocus on takeaway and delivery which, following the lifting of Covid restrictions, due to employee shortages has once again become secondary to the dine-in trade," Tasty adds.

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Synectics PLC - Sheffield, England-based provider of security systems - Awarded "substantial long-term contract" to supply security management software support to National Grid PLC. Total value of contract is confidential but Synectics expects to recognise GBP600,000 revenue this financial year.

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Blencowe Resources PLC - miner focused on developing the Orom-Cross graphite project in Uganda - Says "extensive" infill drilling programme completed in 2021 to provide updated JORC resource estimate to go towards pre-feasibility study at Orom-Cross. Work is "underway" to delivery the study by the mid-year target date.

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Anglo Asian Mining PLC - gold, copper and silver producer focused in Azerbaijan - Affirms that company and operations in Azerbaijan unaffected by sanctions imposed on Russian state, companies and individuals. "The company expects no material impact on its supply chain or operations due to the conflict in Ukraine, but will continue to monitor events on a regular basis," Anglo Asian adds.

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Zinnwald Lithium PLC - High Wycombe, England-based mineral exploration and development company - Test work finds production of battery grade lithium hydroxide from zinnwaldite concentrate is economically viable. Test work also confirms Zinnwald lithium project in Germany can produce "high-quality by-products", including potassium sulphate and precipitated calcium carbonate.

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East Star Resources PLC - Kazakhstan-focused gold and copper explorer - Says historical drill results at Eshkilitau II target in Kazakhstan "confirm the presence of a high-grade gold system". Drilling was conducted between 2005 and 2006.

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Harvest Minerals Ltd - Arapua fertiliser project in Brazil - Says accumulated orders for 2022 as of end of February total 30,161 tonnes, up more than eleven-fold compared to internal forecasts. Also represents 20% of 2022 sales target of 150,000. In addition, Harvest says is in "well advanced" stage of planning capacity increase to 200,000.

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NWF Group PLC - Nantwich, England-based agricultural feed, food and fuel distributor - Says strong first half carries over into second half of year ending May 31. Expects annul results to be "significantly" ahead of board expectations. Notes Russia invasion of Ukraine has lifted oil prices. "To date, there have been no major supply issues and we continue to meet demand across the country," NWF says on its fuels arm. Feed commodity prices have also risen, NWF notes, something that will be "more keenly" felt in summer trading as raw material purchases for winter have already been made.

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Ixico PLC - London-based neuroscience data analytics company - Selected by existing US biotechnology client to provide positron emission tomography, or PET, and magnetic resonance imaging, or MRI, neuroimaging services. Ixico to provide services for a phase I/II dose finding study evaluating a gene-therapy drug candidate in adult subjects with early signs of Huntington's disease. Pact is worth GBP800,000 and trial runs for five years.

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Triple Point Social Housing REIT PLC - London-based real estate investment trust - Eyes altering investing policy, following consultation with a number of shareholders, board and investment manager. Also mulling removal of minimum lease term restriction. Proposes change to allow company to take on costs of funding planned maintenance. Triple Point Social would also like to enter into leases which have upward only adjustments, "tracking either inflation or central housing benefit policy". Changes to be proposed at annual general meeting on May 27.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
10 May 2022 15:02

Strong trading in fuels sees NWF lift expectations further

(Sharecast News) - Fuel, food and feeds distributor NWF Group said in an update on Tuesday that it was still experiencing "exceptional" trading conditions in the fuels business.

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10 May 2022 09:53

IN BRIEF: NWF lifts guidance once again as Fuels arm thrives

NWF Group PLC - Cheshire, England-based agricultural feed, food and fuel distributor - Expects full-year results to be "significantly ahead" of recently upgraded expectations. Says trading in final quarter ending May 31 has been better than expected. Has seen "exceptional trading conditions in the Fuels business" amid oil price volatility and supply constraints in UK fuel market. In March, company lifted outlook twice, most recently expecting results to be "significantly ahead of its revised expectations". Company did not include any figures in guidance hikes. In financial 2021, company reported pretax profit of GBP10.8 million on revenue of GBP675.6 million.

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31 Mar 2022 16:25

NWF Group lifts full-year expectations even further

(Sharecast News) - Specialist fuel, food and feed distributor NWF Group updated the market on its current trading on Thursday, lifting its expectations for the year even further.

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31 Mar 2022 10:54

IN BRIEF: NWF shares rise as it raises full-year expectations again

NWF Group PLC - Nantwich, England-based agricultural feed, food and fuel distributor - Anticipates results for the year ending May 31 to be significantly ahead of its revised expectations. Credits the performance to its Fuels business, which benefitted from the short-term volatility in oil prices and a supply-constrained UK fuel market.

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8 Mar 2022 16:05

NWF to beat full-year forecast amid oil price surge

(Sharecast News) - Fuel, food and feed supplier NWF Group reported "strong" trading in an update on Tuesday, flagging a better-than-expected full-year turnout as a result of tightening conditions in the fuel market.

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27 Feb 2022 16:23

Sunday share tips: Made.com, Geopolitical storm survivors

(Sharecast News) - The Sunday Times's Sabah Meddings told readers to 'buy' shares of Made.com, predicting that the online furniture retailer would profit from easing supply snags and still high demand from millennials Europeans too.

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1 Feb 2022 21:11

TRADING UPDATES: Kingswood delivers record performance; Mears upbeat

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IN BRIEF: NWF trades strongly in first half; appoints new chair

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14 Dec 2021 13:54

Strength in fuels and food offsets feeds weakness for NWF

(Sharecast News) - Agricultural fuel, food and feed distributor NWF Group updated the market on its first half on Tuesday, reporting that trading in the latter part of the period was strong, with underlying trends in its markets consistent through the half-year.

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15 Oct 2021 10:26

Morgan Advanced Materials names Victrex's Armitage as new CFO

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30 Sep 2021 21:11

IN BRIEF: NWF first quarter performance meets management expectations

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NWF Group Q1 trading in line with expectations

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28 Sep 2021 15:56

UK shareholder meetings calendar - next 7 days

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IN BRIEF: NWF Group's Andrew Downie offloads 19,000 shares

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