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TRADING UPDATES: Inland's Hillingdon boost; Yooma products at Boots

Mon, 17th Jan 2022 12:48

(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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Inland Homes PLC - Beaconsfield, England-based housebuilder - Says London Borough of Hillingdon's application to seek judicial review of decision by Mayor of London to approve development plans has been quashed. Mayor approved plans for 514 homes in Hillingdon Gardens. Hillingdon is a west London borough close to Heathrow Airport. "The dismissal of the judicial review challenge exhausts all options open to the borough to prevent the development of this important brownfield site," Inland says. "The project will deliver 182 new affordable homes alongside significant contributions towards local infrastructure improvements and biodiversity."

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Yooma Wellness Inc - Toronto, Canada-based CBD and cannabis-related wellness products maker - Says UK retailer Boots will stock MYO Plant Nutrition products. "The listing includes MYO's Plant Proteins in 838 stores, branched-chain amino acids and essential amino acids in up to 574 stores, and functional sprays in 522 stores," Yooma adds. "Launching with Boots accelerates the momentum MYO has already seen in 2021, with products now available in Holland & Barrett, Selfridges, Lloyds Pharmacy and Amazon, amongst others."

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DP Poland PLC - franchise holder in Poland for Domino's Pizza - Says like-for-like system sales up 6% in 2021 compared to 2020, with fourth quarter like-for-likes alone up 16% annually and 10% higher quarter-on-quarter. Total system sales up 18% annually in fourth quarter and up 6.3% on pre-virus times,"despite a subdued dine-in market". DP Poland adds: "Notwithstanding the growth in sales, inflationary pressures on food costs (Polish CPI showed 8.6% inflation in December 2021) and increased wages have had a negative impact on profitability." Says will be "negatively impacted and will be behind market expectations for FY21" due to inflationary pressures. "The board is assessing the full impact on profitability for FY21 and the potential impact on the current year and will update the market as soon as known. The recovery of tourism and the elimination of lockdown measures during 2022 are expected to have a positive impact on sales and profitability," company adds.

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Hostmore PLC - operator of Fridays casual dining brand - Says revenue for December was 8.3% below pre-virus level, with Omicron causing an increase in cancellations, but this offset by new reservations and walk-in demand, reflecting the short-term nature of customer decision-making amid uncertainty. Expects Ebitda for year ended January 2 to be "well ahead" of market consensus of GBP18.6 million. "Trading since 3 January 2022 has been more in line with expectations and reflects what is usually a quieter period post the festive season," it adds.

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Brighton Pier Group PLC - London-based company which operates Brighton Marine Palace, Lightwater Valley Theme Park, eight Eclectic bars and eight indoor mini-golf sites - Expects sales of GBP22.7 million in 2021, more than doubled from 2020 and up 31% from 2019. "Strong cash flow generation is expected to enable the group to pay down GBP7.7 million of debt, reducing borrowings 38% by the end of June 2022," Brighton Pier says. "This represents an excellent performance during challenging times, underlining the attractions of a diversified asset base of experiential venues and bars well-positioned to benefit from growth in the UK entertainment sector. Management believe the group is in a strong position to deliver a good result for the year, comfortably in line with market expectations."

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Palace Capital PLC - investor with portfolio of UK regional commercial properties - Buys office building in Maidenhead, Berkshire for GBP10.3 million, reflecting a net initial yield of 6.83%. "The acquisition is in line with Palace Capital's disciplined investment strategy focused on good quality regional towns and city centres that are easily accessible and close to public transport, as well as the amenities that employees are keen to have near their place of work," Palace Capital says.

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Xpediator PLC - Braintree, Essex-based freight management services provider in UK and central and eastern Europe - Unit Delamode International pens 10-year lease for 180,000 square feet storage, fulfilment and distribution warehouse in Roosendaal, Netherlands. Occupation to begin in March next year, once construction of purpose-built asset completes. Xpediator adds: "Xpediator has also agreed to take 6,500 pallet spaces in a partner warehouse for 12 months also in Roosendaal, from March 2022 to meet existing Delamode International Logistics customer demand, with the option to increase to 15,000 pallet spaces. Several of their customers have now concluded in a post Brexit market, that splitting their stock between the UK and mainland Europe is the best course of action to maintain the shortest possible time to bring products to market."

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Vela Technologies PLC - Bingley, West Yorkshire, England-based investment firm focused on technology - Invests GBP750,000 in EnSilica Ltd, a fabless semiconductor design business. Vela invests through convertible loan notes and backing forms part of pre-float fundraise by EnSilica. Notes automatically convert to new EnSilica shares at IPO.

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Surgical Innovations Group PLC - Leeds-based medical instrument manufacturing company - Says sales in second half of year 16% higher than first half. Means annual revenue is roughly GBP9.1 million, 44% above GBP6.3 million in 2020 but 15% below GBP10.7 million in 2019, before onset of pandemic. Expects "small" adjusted pretax loss but positive adjusted earnings before interest, tax, depreciation and amortisation. Both outturns will be in line with market expectations. "Overall group sales in the fourth quarter recovered rapidly to approximately 90% of pre-pandemic levels following the effects of the delta variant of Covid-19, and before the emergence of significant hospitalisation from the Omicron variant wave," Surgical says. In 2020, Surgical reported an adjusted pretax loss of GBP1.6 million and adjusted Ebitda of GBP660,000.

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Aptamer Group PLC - York-based provider of custom services, diagnostics and therapeutics for biotechnology and pharmaceutical firms - Says Optimer binder to the SARS-CoV-2 spike protein is able to detect Omicron variant. "The Optimer binder capable of detecting all viral variants of concern is currently used as part of Deepverge's clinically validated MicrotoxPD platform for the detection of SARS-CoV-2 in wastewater. In addition, proof-of-concept work by a separate partner in 2021 demonstrated that the binder can function within an antibody-Optimer pair to enable rapid antigen lateral flow tests," Aptamer says.

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Blue Star Capital PLC - esports, payments and technology-focused investor - Says investee SatoshiPay's Chief Executive Meinhard Benn to change role to chair. Alexander Wilke, current chief operating officer, to take on CEO role. "Alexander Wilke is an entrepreneur and operations executive with more than 13 years' industry experience leading technical and business teams focussing on payments, mobile and business intelligence," Blue Star says.

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Oriole Resources PLC - exploration company operating in west Africa - Says reverse circulation programme at Senala gold project in Senegal extends mineralisation at three main anomalies. Results as strong as 5.00 metres grading at 12.5 grammes per tonne of gold delivered. "The successful extension of the known mineralisation within the areas of surface anomalism originally identified by our team in 2016, confirms our belief that this prospect has the potential for significant resource growth, with the possibility of becoming a stand-alone mine target of significant size," CEO Tim Livesey says. JV partner IAMGOLD Corp has option to spend USD8million at asset to earn 70% interest.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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19 Jan 2024 10:56

Oriole Resources up after inking earn-in for Cameroonian Mbe licence

(Alliance News) - Oriole Resources PLC on Friday confirmed a second earn-in at its licences in north Cameroon.

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IN BRIEF: Oriole Resources jumps on new MRE for Bakassi zone 1

Oriole Resources PLC - west Africa-focused gold exploration company - Notes updated inferred mineral resource estimate for Bakassi zone 1 at its 82.2%-owned Bibemi orogenic gold project in Cameroon. Says MRE is 375,000 Troy oz gold grading 2.30 grams per tonne. Chief Executive Officer Tim Livesey comments: "We have been pleased to see the maiden resource support this pit expansion and deliver not only additional tonnes, but also at a higher grade. As we progress toward our fifth phase of drilling at Bibemi, with our partners BCM, we look forward to further expansion of the Bakassi zone 1 resource. We are also keen to test and define the potential at the other three prospect areas. This project is shaping up to be very robust and offers the opportunity for early development of a potential multi-pit gold mining operation."

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8 Jan 2024 10:57

Oriole shares jump after receiving signature Bibemi payment from BCM

(Alliance News) - Oriole Resources PLC on Monday confirmed the receipt of an earn-in payment from BCM International Ltd related to the Cameroonian Bibemi project.

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5 Jan 2024 10:00

AIM WINNERS & LOSERS: Revolution Bars plans to close eight bars

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

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5 Jan 2024 09:33

Oriole signs first of two earn-ins with BCM for Bibemi gold project

(Alliance News) - Oriole Resources PLC on Friday signed an earn-in agreement with BCM International Ltd related to the Cameroonian Bibemi gold project.

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5 Jan 2024 07:31

Oriole Resources inks earn-in deal with BCM International

(Sharecast News) - West Africa-focussed gold explorer Oriole Resources announced the signing of a definitive earn-in agreement with BCM International for the Bibemi gold project in Cameroon on Friday.

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4 Jan 2024 07:00

CORRECT (Jan 02): Oriole says Cameroon earn-in deals to be sealed soon

(Correcting to clarify Managem Group bought into the Senala project in Senegal after acquiring AGEM Senegal Exploration Suarl.)

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2 Jan 2024 14:47

Oriole says earn-in deals at Cameroon projects to be completed soon

(Alliance News) - Oriole Resources PLC on Tuesday said that earn-in agreements for two of its Cameroon gold projects will be sealed later this month, and elsewhere, it is considering the future of an asset in Senegal.

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20 Nov 2023 11:43

Oriole shares take wing on deals to speed up work on Cameroon projects

(Alliance News) - Oriole Resources PLC on Monday announced new heads of terms for earn-in agreements with a "well-respected" Ghanaian contractor to fast-track work on its Mbe and Bibemi projects in Cameroon.

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20 Nov 2023 10:55

AIM WINNERS & LOSERS: Oriole inks earn-in deals; Velocys sinks

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

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EARNINGS: Tan Delta revenue jumps; Kendrick Resources loss widens

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

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TRADING UPDATES: ECR Minerals submits exploration licence in Australia

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

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21 Jul 2023 10:56

IN BRIEF: Oriole assesses Cameroon project hard rock lithium potential

Oriole Resources PLC - London-based gold exploration company, focused on an early stage exploration project in Cameroon and Senala gold project in Senegal - Says exploration at central licence package project in Cameroon confirms presence of pegmatite veins within granitoids at Ndom and Gamboukou licence areas. Says Ndom and Gamboukou are being assessed for their potential to host hard rock lithium.

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15 Jun 2023 12:28

Oriole pleased with progress at Bibemi gold project

(Sharecast News) - Oriole Resources updated the market on its Bibemi orogenic gold project in Cameroon on Thursday, announcing the completion of a follow-up geophysics programme using ground magnetics to aid in further drill targeting.

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Oriole Resources shares rise on resource potential of Cameroon project

(Alliance News) - Oriole Resources PLC on Thursday said that it is looking to refining targets at its gold project in Cameroon, after early imagery from testing showed "much finer structural detail" than previously visible.

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