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Pin to quick picksOndo Insurtech Share News (ONDO)

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EARNINGS AND TRADING: Dispensa and SkinBioTherapeutics losses widen

Thu, 30th Nov 2023 21:10

(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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Dispensa Group PLC - London-based e-commerce and retail technology aggregator of sustainable brands - In the six months that ended August 31, pretax loss narrows to GBP1.2 million from GBP1.6 million. Revenue halves to GBP1.7 million from GBP3.5 million. But administrative expenses fall to GBP898,562 from GBP1.7 million, while listing costs fall to GBP484,520 from GBP1.6 million. Cost of sales also fall to GBP1.4 million from GBP1.8 million. Notes "exciting organic growth opportunities through product development and enhanced store openings for existing brand distribution" with "pipeline of accretive acquisition opportunities". Chair Niccolo Caderni says: "While revenue has fallen compared to the first six months of the year, this is mainly, as expected, due to the seasonality of the business. The arriving Christmas trading period has generally significantly higher revenues than the same summer trading period for our brands. Our revenue is however also lower following difficulties with the Amazon platform and Ecomoist brand which has under-performed and which is being addressed. Organic growth through brand development and distribution of products through store openings continues while our focus on acquisition of additional brand businesses is ongoing."

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SkinBioTherapeutics PLC - Newcastle, England-based life science company focused on skin health - In the financial year that ended June 30, pretax loss marginally widens at GBP3.0 million from a year earlier. Revenue rises to GBP132,057 from GBP74,761. Administrative expenses ticks up to GBP3.1 million from GBP3.0 million.

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Chamberlin PLC - Walsall, West Midlands-based castings and engineering company - In the financial year that ended May 31, swings to pretax profit of GBP38,000 from a loss of GBP509,000 a year earlier. Revenue increases to GBP20.7 million from GBP16.8 million, while cost of sales rises to GBP17.9 million from GBP15.0 million. In financial 2024, expects to further increase revenue between 15% to 20%, while swinging to post-tax profit between GBP800,000 and GBP1.0 million from a loss of GBP100,000. Chair Keith Butler Wheelhouse says: "The group is well positioned to continue its journey to a full recovery and expects to return to a more sustainable level of profitability."

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Amigo Holdings PLC - Bournemouth, England-based mid-cost credit provider - Chief Executive Officer Danny Malone will step down, as previously announced, confirming his final day as December 31. He will be replaced by Chief Financial Officer Kerry Penfold, who will take on CEO responsibilities alongside her existing role.

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Zenith Energy Ltd - Africa and Italy-focused oil and gas company - Says it it has incorporated a subsidiary in Kazakhstan named Zenith Munay LLP, as it is now in the advanced stage of finalising terms for the potential acquisition of oil production and development assets. After three accords announced in September, agrees to formalise a pre-contractual framework with the seller for an opportunity comprising two oilfields with a near-term production potential of approximately 400 barrels of oil per day, located in the Atyrau region of Kazakhstan. This is after "comprehensive technical, legal, and financial due diligence". Expects to soon be able to formalise a binding agreement to complete the potential acquisition, subject to local regulatory approvals, and will update the market accordingly. Chief Executive Officer Andrea Cattaneo says: "Zenith has made significant progress in its business development activities in the Republic of Kazakhstan, having evaluated a great number of potential opportunities. It is our intention to achieve circa 400 barrels of oil per day as a starting point prior to gradually scaling up production via field rehabilitation operations and the drilling of new wells made possible by acquiring an asset with a favourable geology and material reserves. We look forward with enthusiasm to our near-term progress and to delivering on our publicly announced strategy of being a profitable, revenue generating oil production and development business."

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Ondo InsurTech PLC - London-based claims prevention technology firm - Raises GBP1.1 million via placing of 5.3 million shares at 20.5 pence each. The placing shares represent around 6.5% of existing shares. Expects shares to be admitted for trading in London on or around Wednesday next week. Following admission, it will have 86.4 million shares in issue. Chief Executive Officer Craig Foster says: "We are delighted with the support we have received from both new and existing investors, particularly given the prevailing stock market conditions. This capital raise follows our recent series of contractual wins and provides additional capital to help us pursue this growth."

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Scancell Holdings PLC - Nottingham, England-based cancer immunotherapies developer - Proposes capital raise of an aggregate GBP8 million, comprising: a GBP6 million placing of shares priced at 11.0 pence each; a GBP80,000 subscription of shares by Non-Executive Chair Jean-Michel Cossery and Chief Executive Officer Lindy Durrant at the issue price; and an open offer to qualifying shareholders of up to GBP2.0 million at the issue price. The open offer will be made on the basis of one open offer share equalling 45 existing shares held by qualifying shareholders. Expects net proceeds to be used towards various products in clinical development. CEO Durrant says: "The proposed new funding will allow Scancell to continue progressing the clinical development of SCIB1/ iSCIB1+ towards phase 2/3 adapted registration study readiness in unresectable melanoma. This represents a potential USD1.5 billion per annum market and we therefore expect it will generate significant interest from potential partners. Alongside this, Scancell will also complete additional cohorts with ModiFY to position Modi-1 for phase 2 study and have a strengthened cash position to partner / out-license our proprietary antibodies that have the potential to generate additional non-dilutive cash."

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By Greg Rosenvinge, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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22 Jul 2024 13:46

UK earnings, trading statements calendar - next 7 days

Tuesday 23 July 
Compass Group PLCTrading Statement
James Cropper PLCFull Year Results
JTC PLCTrading Statement
Mitie Group PLCQ1 Results
Serco Group PLCFull Year Results
Science Group PLCHalf Year Results
SThree PLCHalf Year Results
Wednesday 24 July 
Aston Martin Lagonda Global Holdings PLCHalf Year Results
Breedon Group PLCHalf Year Results
easyJet PLCTrading Statement
Fresnillo PLCHalf Year Results
FRP Advisory PLCFull Year Results
Greencoat UK Wind PLCHalf Year Results
Harworth Group PLCTrading Statement
Hochschild Mining PLCHalf Year Results
Motorpoint Group PLCTrading Statement
Nichols PLCHalf Year Results
Norcros PLCTrading Statement
PensionBee Group PLCHalf Year Results
Primary Health Properties PLCHalf Year Results
Reckitt Benckiser Group PLCHalf Year Results
RHI Magnesita NVHalf Year Results
Totally PLCFull Year Results
Unite Group PLCHalf Year Results
Van Elle Holdings PLCFull Year Results
Thursday 25 July 
Airtel Africa PLCQ1 Results
Anglo American PLCHalf Year Results
Aptitude Software Group PLCHalf Year Results
AstraZeneca PLCHalf Year Results
British American Tobacco PLCHalf Year Results
Britvic PLCQ3 Results
BT Group PLCTrading Statement
Centamin PLCHalf Year Results
Hammerson PLCHalf Year Results
Howden Joinery PLCHalf Year Results
IG Group Holdings PLCFull Year Results
Indivior PLCHalf Year Results
ITV PLCHalf Year Results
Lloyds Banking Group PLCHalf Year Results
Pennant International Group PLCTrading Statement
Relx PLCHalf Year Results
Rentokil Initial PLCHalf Year Results
Unilever PLCHalf Year Results
Vodafone Group PLCTrading Statement
Workspace Group PLCTrading Statement
Friday 26 July 
Airtel Africa PLCQ1 Results
Anglo American PLCHalf Year Results
Aptitude Software Group PLCHalf Year Results
AstraZeneca PLCHalf Year Results
British American Tobacco PLCHalf Year Results
Britvic PLCQ3 Results
BT Group PLCTrading Statement
Centamin PLCHalf Year Results
Hammerson PLCHalf Year Results
Howden Joinery PLCHalf Year Results
IG Group Holdings PLCFull Year Results
Indivior PLCHalf Year Results
ITV PLCHalf Year Results
Lloyds Banking Group PLCHalf Year Results
Pennant International Group PLCTrading Statement
Relx PLCHalf Year Results
Rentokil Initial PLCHalf Year Results
Unilever PLCHalf Year Results
Vodafone Group PLCTrading Statement
Monday 29 July 
Cranswick PLCQ1 Results
Jadestone Energy PLCHalf Year Results
Ondo InsurTech PLCFull Year Results
Pearson PLCHalf Year Results
Smithson Investment Trust PLCHalf Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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10 Jun 2024 11:55

Ondo InsurTech partners expand LeakBot solution into Washington state

(Alliance News) - Ondo InsurTech PLC on Monday announced further advancements to the expansion of its US operations.

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15 May 2024 21:43

TRADING UPDATES: Future Metals celebrates state government grant

(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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13 May 2024 18:42

IN BRIEF: Ondo InsurTech plans to raise GBP4.2 million

Ondo InsurTech PLC - London-based provider of claims prevention technology for home insurers - Plans to raise GBP3.0 million via a placing to new and existing institutional investors at 14.0 pence per share. Further, proposes to raise GBP1.2 million via open offer at the same price. Terms of open offer are 1 new open offer share for every 10 existing shares. Net proceeds to be used to establish an administration and service support centre in the US; build and expand operations across the US; and provide working capital to finance growth in rollouts.

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29 Apr 2024 17:14

TRADING UPDATES: RentGuarantor revenue up; Aura progresses Tiris

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

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16 Apr 2024 20:19

TRADING UPDATES: System1 revenue jumps; Pathfinder amends deal

(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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26 Feb 2024 09:33

Ondo InsurTech shares up on agreement with South West Water

(Alliance News) - Ondo InsurTech PLC on Monday said it has signed an agreement with South West Water to reduce water leaks in the south west of England.

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21 Feb 2024 11:43

IN BRIEF: Ondo InsurTech inks Leakbot deal with Selective Agreement

Ondo InsurTech PLC - London-based claims prevention technology firm - Signs agreement with Selective Agreement Group for the use of Leakbot. LeakBot is a self-install claims prevention technology which connects to the wireless network of a home, alerting customers if it detects a leak.

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3 Jan 2024 10:13

Ondo InsurTech expands distribution deal with Danish insurer

(Alliance News) - Ondo InsurTech PLC on Wednesday said it has agreed a deal with LB Forsikring to increase the distribution of its LeakBot technology in Denmark.

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20 Nov 2023 16:15

Ondo InsurTech interim loss narrows as revenue growth outpaces costs

(Alliance News) - Ondo InsurTech PLC on Monday said that the need for its product was growing as it announced a halved half-year loss as revenue increased faster than costs.

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14 Nov 2023 12:12

IN BRIEF: Ondo InsurTech surges on Nationwide partnership

Ondo InsurTech PLC - London-based claims prevention technology firm for home insurers - Partners with Ohio-based insurance and financial services firm Nationwide to offer Leakbot device to US homeowners insurance customers as part of its Smart Home Program. "This new offering will help to fill a common protection gap that many homeowners may face", it says. LeakBot is a self-install claims prevention technology which connects to the wireless network of a home, alerting customers if it detects a leak. Says it is working with Nationwide towards the first state launch, which is scheduled for early 2024.

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13 Nov 2023 15:48

UK shareholder meetings calendar - next 7 days

Tuesday 14 November 
Celsius Resources LtdAGM
Essentra PLCGM re movement of merger relief reserve
Financials Acquisition CorpEGM re LIU business combination
Fonix Mobile PLCAGM
Petra Diamonds LtdAGM
Smoove PLCGM re takeover by Pexa Group
t42 IoT Tracking Solutions PLCAGM
Wednesday 15 November 
Alternative Income REIT PLCAGM
Ascent Resources PLCGM re approval to issue 45 million shares
CQS Natural Resources Growth & Income PLCAGM
European Opportunities Trust PLCAGM
Hays PLCAGM
Henderson Eurotrust PLCAGM
Northern Bear PLCGM re tender offer
Reach PLCGM re proposed capital reduction
Synergia Energy LtdAGM
Zegona Communications PLCGM re acquisition agreement
Thursday 16 November 
Close Brothers Group PLCAGM
Craneware PLCAGM
Critical Mineral Resources PLCAGM
Dunelm Group PLCAGM
Eagle Eye Solutions Group PLCAGM
JD Wetherspoon PLCAGM
Kier Group PLCAGM
Marble Point Loan Financing LtdAGM
MJ Gleeson PLCAGM
Origin Enterprises PLCAGM
Ricardo PLCAGM
Smiths Group PLCAGM
Friday 17 November 
Future Metals NLAGM
Red Rock Resources PLCGM re allot equity securities
Rockpool Acquisitions PLCAGM
Saietta Group PLCGM re annual accounts and reappointment of auditors
US Solar Fund PLCGM re change of investment policy
Monday 20 November 
Hellenic Dynamics SAGM re share subdivision and share reclassification
McBride PLCAGM
Mountview Estates PLCGM re re-election of directors
Ondo InsurTech PLCAGM
Rainbow Rare Earths LtdAGM
Seraphim Space Investment Trust PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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18 Sep 2023 15:55

UK shareholder meetings calendar - next 7 days

Tuesday 19 September 
Africa Opportunity Fund LtdAGM
Aston Martin Lagonda Global Holdings PLCGM re supply arrangement with Lucid Group Inc
Augmentum Fintech PLCAGM
Beacon Rise Holdings PLCAGM
Begbies Traynor Group PLCAGM
Chill Brands Group PLCAGM
DP Aircraft I LtdAGM
Great Southern Copper PLCAGM
Manolete Partners PLCAGM
Moonpig Group PLCAGM
Oxford Instruments PLCAGM
ProCook Group PLCAGM
SRT Marine Systems PLCAGM
Unicorn Mineral Resources PLCAGM
Wednesday 20 September 
Accsys Technologies PLCAGM
Frasers Group PLCAGM
Games Workshop Group PLCAGM
Hidong Estate PLCAGM
IG Group Holdings PLCAGM
Ilika PLCAGM
Nippon Active Value Fund PLCGM re assets rollover
Quiz PLCAGM
Seed Innovations LtdAGM
STS Global Income & Growth Trust PLCAGM
Thursday 21 September 
Ascent Resources PLCGM re audited annual accounts
Intercede Group PLCAGM
Kore Potash PLCGM re capital raise
Liontrust Asset Management PLCAGM
Mercia Asset Management PLCAGM
Molecular Energies PLCAGM
Oberon Investments Group PLCAGM
Pelatro PLCGM re AIM cancellation
Sosandar PLCAGM
Thruvision Group PLCAGM
Trakm8 Holdings PLCAGM
Van Elle Holdings PLCAGM
Friday 22 September 
Argos Resources LtdGM re members voluntary liquidation
B&M European Value Retail SAGM re appointing Lasry as director
Faron Pharmaceuticals LtdEGM re election of new board members
Stranger Holdings PLCAGM
SysGroup PLCAGM
TI Fluid Systems PLCGM re waiver resolution
Odyssean Investment Trust PLCAGM
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
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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15 Aug 2023 10:55

IN BRIEF: Ondo InsurTech Non-Exec Morrison sells GBP180,000 in shares

Ondo InsurTech PLC - London-based claims prevention technology firm for home insurers - Non-Executive Director Andy Morrison sells 600,000 shares at a price of 30.0 pence each, worth GBP180,000, in London on Monday. Following the transaction, Morrison is now interested in 3.0 million shares, a 3.8% stake.

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