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TRADING UPDATES: Windward extends LSEG pact; Vinanz eyes DTC trading

Tue, 27th Feb 2024 17:42

(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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Windward Ltd - maritime predictive intelligence company - Expands pact with London Stock Exchange Group PLC which kicked off last year. Windward adds: "The new agreement introduces the integration of select LSEG's World-Check services into Windward's platform, providing users with comprehensive compliance and risk management solutions beyond the maritime domain. This creates a unique offering to empower Windward's customers to stay ahead of emerging sanctions globally with one unified system for sanctions screening."

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Vinanz Ltd - bitcoin mining company with operations in the US and Canada - Applies to have shares eligible for electronic clearing and settlement in US through Depository Trust Co. "DTC eligibility is expected to simplify the process of trading and enhance liquidity of Vinanz shares in the US," it adds.

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Red Rock Resources PLC - Africa, South America and Australia-focused natural resource explorer and developer - Notes visit to join partners Riverstone Resources Ltd on site at Bilbale gold operation in Burkina Faso rescheduled to March. "Initial work will consist of locating and setting up areas for initial trials, some trenching and benching, drilling of two bore holes, and civil works including ponds and preparation of areas for administration, fuel storage, laboratory, furnace, and security," Red Rock says. Riverstone, meanwhile, will deliver the machinery and equipment for exploration. Red Rock adds: "Much of which is held by them in stock, and which will be imported by air and sea with a transport time of 6-8 weeks. This equipment should arrive at a prepared site ready to start alluvial exploration operations with the minimum of delay. Red Rock and Riverstone will implement a test programme processing alluvial material from different parts of the license, on a scale sufficient to establish gold grade, including high grade zones."

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Oracle Power PLC - Western Australia and Pakistan-focused energy projects developer - Reports commencement of geotechnical study and electrical resistivity survey for planned renewable power plant on project site in Jhimpir, Pakistan. Oracle adds: "The geotechnical study will encompass soil investigation and deploy rotary drilling to obtain disturbed and undisturbed samples, as well as core drilling to assess rock formations on the site. The study will record rock quality designations and core recovery values." The electrical resistivity survey will size up "lithology, porosity and permeability from boreholes drilled". "By determining these conditions through ERS technology, developers can seek to optimise site planning and infrastructure design to account for subsurface conditions," Oracle says.

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Pathfinder Minerals PLC - AIM-listed cash shell seeking reverse takeover - Notes announcement of Rome Resources Ltd on the commencement of extension diamond drilling on Kalayi and Mont Agoma prospects on PEPM 13274 and PR 15130 assets, respectively. Together, these are referred to as the Bisie North tin project. In November, Pathfinder agreed to buy Rome Resources in a reverse takeover.

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Hummingbird Resources PLC - West Africa-focused gold producer, developer and explorer - Notes Pasofino Gold Ltd update on commencement of exploration activities at Bukon Jedeh, a target at the Dugbe gold project in Liberia. Hummingbird owns 53% in Pasofino. Hummingbird adds: "Pasofino's exploration efforts will concentrate on geological mapping and the collection of high-resolution ground magnetic survey data, activities which have already commenced. Additionally, Pasofino plans to conduct approximately 1,400 meters of drilling across roughly 15 drillholes, slated to begin in March 2024."

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SkinBioTherapeutics PLC - Newcastle, England-based life science company focused on skin health - Hails "positive interim data" from study of AxisBiotix food supplement on acne sufferers. "The volunteer study, comprising 220 people, followed the same methodology to the AxisBiotix-Ps study, with the supplement containing the lead formulation, being supplied to participants in powder-form. Participants were then asked to record scores against specific criteria on an app. The scoring criteria included severity of acne, level of pain, attitude to appearance and levels of confidence," it says. Read out of final results is anticipated to before end of first-quarter.

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World Chess PLC - London-based promoter of chess through chess-related activities - Says Andrew Winton appointed as chief marketing officer, a non-board role. Winton has "proven track record at Amazon, News Corp, EE, Sky, and Kaspersky". In addition, firm continues work with International Chess Federation, or FIDE, for exclusive use of "World Chess Championship sets". World Chess adds: "Designed by Pentagram for World Chess, this iconic chess set is one of the most popular chess sets in the world and is a key piece of the World Chess merchandising portfolio. The set is manufactured by World Chess for use in the Championship cycle and is also sold online and in premier retail outlets around the world, including Harrods, London." It also launches a special edition chess set. Finally, it says user base of gaming platform, chessarena.com grows. "FIDE Online Arena's user base, which now has 740,000 registered users and includes 8,500 Pro members - paying members who have their own, unique FIDE ID. Following several marketing campaigns, the platform is reporting the direct cost of acquisition at EUR37 for its paid subscribers, well below the annual subscription price of EUR50, underscoring the platform's value and exclusive role as the only official gaming platform that is authorised to issue online ratings and titles recognised by FIDE," it says.

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Victorian Plumbing Group PLC - Lancashire, England-based bathroom retailer - Average order value in first 21 weeks of financial year down 3% on-year. "Customers are continuing to seek value and are purchasing proportionately more own brand products," Victorian Plumbing says. It adds: "In keeping with strategy, and despite an unchanged market backdrop, the group has continued to make market share gains, with year-on-year order volume up 4%, more than offsetting the reduction in AOV. As a result, we are pleased to report year to date revenue growth of 1%." Victorian Plumbing reports results for half-year to March 31 on May 28. It adds: "As planned, we are making significant progress towards the opening of our new distribution centre, which will address current capacity constraints, unlock growth potential and create efficiencies. One-third of the warehouse fit-out is now complete, with the expectation that we will be fully operational in the second half of 2024, on schedule and within budget."

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Schroder Real Estate Investment Trust Ltd - UK-focused property investor - Net asset value per share at December 31 third-quarter end totals 58.7 pence, down from 60.5p in September. Hails "continued leasing momentum", however, as notes 32 new lettings, renewals and rent reviews during quarter. "Despite continuing market uncertainty the Company remains well placed with an above average rental income profile and the longest duration, fixed-rate debt in the peer group," Chair Alastair Hughes says.

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By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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21 Aug 2023 09:51

Oracle Power notes Riversgold completes drilling at Australia project

(Alliance News) - Oracle Power PLC on Monday said that Riversgold Ltd completed its maiden diamond drilling programme at the Northern Zone gold project in Western Australia.

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28 Jul 2023 14:19

IN BRIEF: Oracle Power notes successful survey at green hydrogen plant

Oracle Power PLC - Pakistan-focused energy projects developer - Successfully raises GBP363,000 gross in June via a placing of shares at 0.1p. Says net proceeds will be used to advance its green hydrogen project in Sindh, Pakistan. Adds survey at green hydrogen project has revealed no obstructions, noting that the second quarter of the year has been "extremely productive."

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19 Jul 2023 14:36

UK shareholder meetings calendar - next 7 days

Thursday 20 July 
ACG Acquisition Co LtdEGM re acquisition of the Atlantic Nickel
Big Yellow Group PLCAGM
CT UK High Income Trust PLCAGM
Evgen Pharma PLCAGM
FD Technologies PLCAGM
Fidelity China Special Situations PLCAGM
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Monday 24 July 
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Cranswick PLCAGM
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Tuesday 25 July 
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B&M European Value Retail SAAGM
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BP Marsh & Partners PLCAGM
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
18 Jul 2023 17:30

TRADING UPDATES: Great Southern Copper identifies high-grade copper

(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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29 Jun 2023 13:17

EARNINGS SUMMARY: Belluscura loss widens; Civitas Social ups payout

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

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26 Jun 2023 10:33

IN BRIEF: Oracle Power teams up with Global Green Growth Institute

Oracle Power PLC - London-based, Pakistan-focused energy projects developer - Enters memorandum of understanding with Seoul-headquartered Global Green Growth Institute, valid for next five years. GGGI will provide Oracle with opportunities to engage with industry stakeholders, to facilitate development and finance green energy projects. Both parties will share knowledge and best practices to promote renewable energy sources in GGGI member and partner countries. GGGI, led by former United Nations Secretary General Ban Ki-moon, aims to promote sustainable development in developing and emerging Asian countries and help them achieve Net Zero goals by 2050.

Read more
22 Jun 2023 10:52

IN BRIEF: Oracle Power raises funds for green project with Dubai royal

Oracle Power PLC - Pakistan-focused energy projects developer - Raises GBP363,000 through placing 323.0 million shares and a subscription for 40.0 million shares, both at 0.1 pence per share. Proceeds will primarily support the advancement of Oracle's green hydrogen project through its joint venture with Sheikh Ahmed Dalmook Al Maktoum and for general working capital purposes. Al Maktoum is Oracle Power's largest investor and has a 70% share in the JV. Trading in London of the fundraising shares is expected to start on or around June 27.

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22 Jun 2023 10:17

AIM WINNERS & LOSERS: Biome wins contract; Oracle raises GBP363,000

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

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22 Jun 2023 08:57

LONDON MARKET OPEN: FTSE 100 struggles ahead of anticipated BoE hike

(Alliance News) - Stock prices in London opened lower on Thursday, ahead of the Bank of England's interest rate decision at midday, which is expected to result in the central bank's 13th consecutive hike.

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5 Jun 2023 12:41

Oracle Power inks deal to develop commercial side of Pakistan project

(Alliance News) - Oracle Power PLC on Monday said that its subsidiary has signed an agreement to develop commercial avenues for a green hydrogen project in Pakistan.

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30 May 2023 18:01

IN BRIEF: Oracle Power aims to add solar and wind to hydrogen project

Oracle Power PLC - Pakistan-focused developer of energy projects - Updates on green hydrogen project development. Notes the project steering committee has already held its first meeting. Adds project has taken another major step forward in relation to the completion of the bankable feasibility studies for the 1.2 gigawatt hybrid power grid interconnection and storage architecture for the project. Consultants have been commissioned and funded to conduct power studies, and establish the feasibility of integrating solar and wind energy technologies into the project. The hybrid power study encompassing 700 megawatt solar and 500 megawatt wind power, is expected to be completed by the third quarter.

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16 May 2023 17:26

IN BRIEF: Oracle Power signs deal for Thar power plant in Pakistan

Oracle Power PLC - Pakistan-focused developer of energy projects - Signs memorandum of understanding for the off-take and development of its 1.32 gigawatt Thar coal fired power plant in the Sindh Province, Pakistan.

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9 May 2023 14:45

TRADING UPDATES: Rainbow Rare Earths raises GBP7.5 million in placing

(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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TRADING UPDATES: Yourgene Health sees revenue above market forecasts

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

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Oracle Power progresses Pakistan project with PowerChina agreement

(Alliance News) - Oracle Power PLC on Wednesday said that it has signed a cooperation agreement with PowerChina International Group Ltd to develop a one gigawatt solar-based power production plant in Pakistan.

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