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UK TRADING UPDATE SUMMARY: Motorpoint Predicts Local Lockdowns Bite

Thu, 08th Oct 2020 19:54

(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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Motorpoint Group PLC - Derby, England-based car retailer - Says demand levels since end of UK lockdown exceeding expectations. Says pretax profit in six months to September 30 to be ahead of year prior. Says no annual guidance and notes recent virus case rises in UK as well as local lockdowns will subdue demand in short-term.

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MySale Group PLC - Australia, New Zealand and south east Asia-focused online retailer - To raise GBP5.1 million in subscription of 85.2 million shares at 6.0 pence each. Investors are entities associated with Gabby Leibovich, Hezi Leibovich - founders of online retailer Catch.com.au - and Nati Harpaz, a former Catch.com chief executive.

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JKX Oil & Gas PLC - Ukraine-focused energy firm - Says average output in third quarter was 10,245 barrels of oil equivalent per day, up 3.5% quarter-on-quarter. Notes drilling in IG146, Ukraine, to recommence in October.

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Central Asia Metals PLC - copper, zinc and lead explorer, operating in Kazakhstan and North Macedonia - Copper output in first nine months of 2020 down 1.3% year-on-year to 10,490 tonnes. Zinc production up 1.5% to 17,966 tonnes and lead up 2.7% to 21,718 tonnes.

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Alba Mineral Resources PLC - mineral exploration & development company, with projects in Greenland, Wales and Ireland - Appoints mineral sands specialists IHC Robbins to carry out metallurgical process development and test work on bulk samples from Thule Black Sands project, Greenland. "The programme is designed to confirm the ilmenite products to be produced from TBS ilmenite and to provide product samples to enable potential customers and offtake partners to carry out their own confirmatory analyses," Alba said.

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PetroNeft Resources PLC - Russia-focused oil and gas explorer - Reports successful testing from a mini refinery processing unit on Licence 61, Russia. Unit will reduce 2021 operating costs by USD600,000.

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Hummingbird Resources PLC - African gold producer - Drilled over 21,509 metres at Yanfolila this year and is 95% through its budgeted USD5 million drilling and exploration programme. "Once this year's exploration and drilling programme is complete, the company plan to conduct a mineral resource update," Hummingbird said.

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Chaarat Gold Holdings Ltd - London-based gold miner focused on Armenia and Kyrgyz Republic - Notes political disruption in Kyrgyz Republic but says projects not materially affected.

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Oriole Resources PLC - exploration company with operations in Senegal and Cameroon - Says renewals received for Bibemi and Wapouze assets in Cameroon.

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Asiamet Resources Ltd - Indonesia-focussed copper and gold miner - Enters into heads of agreement with PT Wasesa Indo Nusa to sell Indokal Ltd for USD163.4 million.

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Danakali Ltd - Colluli potash project developer - Colluli Mining Share Co appoints Aggreko PLC as preferred power supply contractor at Colluli. "Aggreko will provide full scope of support services for the supply, commissioning, and maintenance of the power plant, then transfer to CMSC, under 5-year Buy Own Operate Transfer contract," Danakali said.

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W Resources PLC - tungsten, tin and gold mining and exploration company - Increases loan facility with funds managed by the Global Credit Opportunities platform at BlackRock Financial Management Inc by USD7 million.

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Nostra Terra Oil & Gas Co PLC - AIM-listed company focused on the prolific Permian Basin in West Texas - Says contracted drilling rig to soon be mobilised at Pine Mills, US. "The rig is currently operating nearby, after which it will mobilised to Pine Mills. The primary target formation is the prolific Woodbine Sand that is one of the main producers in the region. The well will also evaluate several other known overburden formations," Nostra said.

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Mosman Oil & Gas Ltd - oil exploration company - Says drilling at Falcon-1 well, Texas "progressing well" in aim to reach two prospective zones found in seismic surveys.

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Kodal Minerals PLC - mineral exploration and development company - Welcomes appointment of interim government in Mali and looks forward to progressing Bougouni project.

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Xtract Resources PLC - miner with projects in Mozambique and Zambia - Says large amount of bulk cut and fill work at Manica hard rock gold deposits, Mozambique already completed. Onsite process plant work will begin once pre-establishment work concludes.

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SolGold PLC - Australian gold and copper mining company - Says drill rig preparing for an 8,000 metres drilling programme at Rio Amarillo project, Ecuador. Notes "significant upgrade" of Varela target following field work.

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Camellia PLC - Kent-based agriculture and engineering services firm - Updates on claims made against African subsidiaries. Says two African companies have recognised dispute resolution mechanisms, allowing allegations to be properly examined. "If there has been any wrongdoing those responsible will be held to account, and if shortcomings are identified the companies will improve their safeguarding processes and victims will be compensated," Camellia said. Cost of ADR process to be booked in 2020 and will be in addition to GBP4.8 million "of legal and related costs incurred in 2019 and up to June 30".

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Rainbow Rare Earths Ltd - rare earth producer - Says JORC-compliant exploration target at Gakara, Burundi shows potential for modular development targeting 10,000 to 20,000 tonnes per year of rare earth concentrate output.

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Woodbois Ltd - African timber firm - Says revenue in third quarter ended September 30 down 35% year-on-year to USD3.2 million from USD4.9 million. "Trading in the quarter was in line with expectations, with Covid-19 restrictions becoming more tempered but with limited capital to deploy prior to the August balance sheet restructuring," Woodbois said.

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Schroder UK Public Private Trust PLC - investment trust - Notes portfolio company Seedrs Ltd's plans to merge with Crowdcube Ltd.

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Braveheart Investment Group PLC - Barnsley, England-based strategic investor - Subsidiary Pharm 2 Farm Ltd notes short delay to planned testing of its ant-viral face mask product. Health regulators have amended rules on working with coronavirus and will inspect test facility.

Remote Monitored Systems PLC also notes announcement.

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Kazera Global PLC - Cardiff-headquartered AIM quoted investment company - Diamond production underway at subsidiary Deep Blue Minerals. Initial work focused on areas identified as "likely to be high in diamond content," Kazera says. Says to partake in its first diamond auction in fourth quarter and reports prices "holding up well" despite Covid-19.

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Zegona Communications PLC - investment company focused on European telecoms - Updates on share price of Euskaltel, which it owns 21% of and is its principal asset. Euskaltel shares at EUR9.03 on September 30. "Zegona's holding in Euskaltel, together with its current net cash position, is worth the equivalent of GBP1.46 per Zegona share. This value is over 31% higher than Zegona's current share price of GBP1.11," Zegona said.

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Urban Logistics REIT PLC - logistics-focused real estate investment trust - Says 99% of rent due for quarter to December has been received, with 1% expected "imminently". "This follows strong cash collections in March and June where 100% of rents due were collected," Urban Logistics adds.

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Ediston Property Investment Co PLC - London-based real estate investment trust - Says 91% of third quarter rent collected so far, in line with forecasts. Fourth quarter rent due by October 1 at 87%.

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Alpha Financial Markets Consulting PLC - London-based consultancy services to asset and wealth management industry - Says "good" net fee income growth and improve adjusted earnings before interest, tax, depreciation and amortisation in six months to September 30.

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Sareum Holdings PLC - drug developer focused on small molecule therapeutics to improve cancer and autoimmune treatment - US Patent & Trademark Office issues notice of allowance for patent for Sareum's SDC-1802 TYK2/JAK1 kinase inhibitor programme. "This programme is in preclinical development and targets cancer and cancer immunotherapy," Sareum said.

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IQ-AI Ltd - medical software company with headquarters in Jersey - Pulls out of talks to sell StoneChecker and will now retain product. "The accomplishments by the Imaging Biometrics team thus far in 2020 provided an opportunity for your board to rethink last year's decision to dispose of StoneChecker," Chief Executive Officer Trevor Brown said.

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Yourgene Health PLC - molecular diagnostics firm - Entes into five-year pact with unnamed "blue chip Japanese multinational" for provision of Yourgene's Flex analysis software. " Yourgene expects this partnership to deliver over USD2.5m of revenue over the contract life, as well as creating a benchmark clinical offering in this major world healthcare market," Yourgene said.

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Robert Walters PLC - London-based recruitment firm - Third quarter net fee income down 31% year-on-year to GBP72.8 million from GBP105.6 million. To reinstate 4.5 pence interim dividend, flat year-on-year.

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SRT Marine Systems PLC - maritime tracking firm - Says revenue in first half ended September 30 came in at GBP3.8 million with GBP2.7 million pretax loss. "Unexpectedly given the Covid-19 pandemic, revenues for the transceivers business were 6% ahead of the same period last year, with the second half looking positive," SRT said.

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Watchstone Group PLC - Hampshire-based insurance and healthcare technology business - Unveils proposed disposal of Ingenie Business to A-Plan Group Ltd for GBP5.5 million, potentially GBP2.5 million more based on performance. Disposal needs approval from shareholders at general meeting.

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Intercede Group PLC - cybersecurity software firm with offices in Reston, US state of Virginia and Lutterworth, Leicestershire - Says revenue in six months to September 30 9% higher annually. Joins Faster Identity Online Alliance. "Backed by the likes of Amazon, Apple and Google, FIDO provides a simple method of authentication for users to securely access their online accounts," Intercede says.

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Osirium Technologies PLC - Berkshire-based cybersecurity firm - Secures contract with "major" UK high street retailer. "The new client has purchased a 60-month term license for the Osirium PAM platform including the Privileged Access Management, Privileged Task Management and Privileged Session Management modules. Consultancy and training from Osirium Professional Services are included in the contract," Osirium said.

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Applied Graphene Materials PLC - graphene materials maker with headquarters in Redcar, Cleveland - Launches Innovation Accelerator research and development partnership service, aimed at supporting "businesses in harnessing the potential of graphene in their products".

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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30 Oct 2023 13:53

IN BRIEF: Osirium Technologies shares suspended as takeover completes

Osirium Technologies PLC - Theale, England-based vendor of cloud-based cybersecurity and IT automation software - Shares are suspended from trading on AIM on Monday, as takeover by SailPoint Technologies UK Ltd becomes effective. At the end of August, Osirium agreed to an offer from SailPoint of 2.35 pence per share in cash. This valued Osirium's shares at GBP3.1 million and gave the company an enterprise value, including debt, of GBP6.6 million. Osirium shareholders approved the deal earlier this month. Shares will be cancelled from AIM on Tuesday.

Read more
5 Oct 2023 15:47

UK shareholder meetings calendar - next 7 days

Friday 6 October 
Caracal Gold PLCGM re capital raise
ECR Minerals PLCGM re approval of subscription
Pendragon PLCGM re UK Motor and PVM sale
Monday 9 October 
JD Sports Fashion PLCGM re buy of Iberian Sports Retail
Henderson Diversified Income Trust PLCAGM
Pires Investments PLCAGM
Tuesday 10 October 
abrdn Japan Investment TrustGM re merger with Nippon Active Value Fund PLC
Atlantis Japan Growth Fund LtdEGM re approval and authorise implementation of Scheme by Liquidators
Blackfinch Spring VCT PLCGM re capital raise
Glantus Holdings PLCCourt Meeting re takeover by Basware OY
Tungsten West PLCAGM
Wednesday 11 October 
Litigation Capital Management LtdAGM
Pollen Street PLCCourt Meeting and GM re new holding company
Thursday 12 October 
Osirium Technologies PLCCourt Meeting and GM re cash acquisition by SailPoint Technologies
PetroNeft Resources PLCEGM re disposal of Russian business and assets
Sutton Harbour Group PLCGM re purchase of a second apartment in the Harbour Arch Quay
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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7 Sep 2023 20:02

Osirium Technologies revenue rises; targets new contract wins

(Alliance News) - Osirium Technologies PLC on Thursday said revenue increased as its loss narrowed in the first half of 2023.

Read more
30 Aug 2023 16:50

LONDON MARKET CLOSE: Stocks up as soft US data lifts hope of Fed pause

(Alliance News) - Stocks in London ended higher on Wednesday, as a slew of of softer economic data from the US further lifted hopes that interest rates might soon peak in the world's largest economy.

Read more
30 Aug 2023 12:27

Osirium agrees to takeover by SailPoint Technologies after challenges

(Alliance News) - SailPoint Technologies UK Ltd on Wednesday said that it has agreed to takeover Osirium Technologies PLC for 2.35 pence per share.

Read more
18 Jul 2023 15:24

IN BRIEF: Osirium eyes raising further capital before year-end

Osirium Technologies PLC - Theale, England-based vendor of cloud-based cybersecurity and IT automation software - Reports annual recurring revenue has increased 34% to GBP2.2 million over the 12 months to June 30 from GBP1.6 million the year prior. ARR is up 20% from GBP1.8 million since the start of 2023. Bookings for the six months ended June 30 are expected at GBP1.22 million, up from GBP1.18 million the year prior. Revenue in the six-month period is expected to be no less than GBP1.1 million, up from GBP900,000 the year prior. Says ARR growth was driven by new customer wins and a high rate of renewals. Notes a strong start to the second half of the year, with a "healthy" pipeline underlined by a "growing pool" of prospective new customers as well as expected customer renewals and contract expansions.

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9 May 2023 14:03

Osirium Technologies makes good first-quarter progress

(Sharecast News) - Cloud-based cybersecurity specialist Osirium Technologies reported positive first-quarter trading in an update on Tuesday.

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9 May 2023 11:30

IN BRIEF: Osirium Technologies shares up amid new customer wins

Osirium Technologies PLC - Cardiff, Wales-based cybersecurity firm - Says its annual recurring revenue for the first quarter of 2023 was GBP2.0 million, up 25% from GBP1.6 million a year prior. Cash balance and debtor position at March 31 was GBP690,000. Based on previous years, expects to receive a research and development tax credit of around GBP600,000 before the end of the first half of 2023. Attributes "positive momentum" into the new year to new customer wins in utilities and chemicals sectors as well as expansions within its existing customers.

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2 May 2023 14:57

UK shareholder meetings calendar - next 7 days

Wednesday 3 May 
Apax Global Alpha LtdAGM
Barclays PLCAGM
GSK PLCAGM
Hyve Group PLCCourt Meeting & GM re acquisition by Heron UK Bidco Ltd
Logistics Development Group PLCAGM
Okyo Pharma LtdGM re proposed cancellation of the ordinary shares of no par value
Reach PLCAGM
Reckitt Benckiser Group PLCAGM
Standard Chartered PLCAGM
Tritax Big Box REIT PLCAGM
Unilever PLCAGM
Thursday 4 May 
AIB Group PLCAGM
Aviva PLCAGM
Aviva PLCGM re capital reduction
BAE Systems PLCAGM
Bivictrix Therapeutics PLCAGM
Domino's Pizza Group PLCAGM
Glanbia PLCAGM
Grafton Group PLCAGM
Hammerson PLCAGM
Howden Joinery Group PLCAGM
Hurricane Energy PLCCourt Meeting & GM re takeover by Prax Exploration & Production PLC  
Indivior PLCAGM
IMI PLCAGM
Irish Residential Properties REIT PLCAGM
ITV PLCAGM
Jardine Matheson Holdings LtdAGM
Johnson Service Group PLCAGM
LungLife AI IncAGM
Mincon Group PLCAGM
Mondi PLCAGM
Moneysupermarket.com Group PLCAGM
Morgan Sindall Group PLCAGM
Spirent Communications PLCAGM
Personal Group Holdings PLCAGM
Phoenix Group Holdings PLCAGM
Rathbones Group PLCAGM
SIG PLCAGM
Ten Entertainment Group PLCAGM
Travis Perkins PLCAGM
Witan Investment Trust PLCAGM
Friday 5 May 
abrdn Smaller Companies Income Trust PLCAGM
Holders Technology PLCAGM
HSBC Holdings PLCAGM
InterContinental Hotels Group PLCAGM
James Fisher & Sons PLCAGM
Man Group PLCAGM
Rightmove PLCAGM
UK Oil & Gas PLCAGM
Monday 8 May 
no events scheduled 
Tuesday 9 May 
Caledonia Mining Corp PLCAGM
Direct Line Insurance Group PLCAGM
Foxtons Group PLCAGM
Hostelworld Group PLCAGM
IWG PLCAGM
Just Group PLCAGM
Midwich Group PLCAGM
Osirium Technologies PLCAGM
Windward LtdAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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23 Mar 2023 12:23

LONDON MARKET MIDDAY: Bank of England lifts rates by 25 basis points

(Alliance News) - Stock prices in London were largely lower at midday on Thursday, raised UK interest rates by 25 basis points on Thursday, as widely expected, and indicated that further tightening in monetary policy may be required.

Read more
23 Mar 2023 11:46

IN BRIEF: Osirium Technologies shares plunge on widened annual loss

Osirium Technologies PLC - cloud-based cybersecurity and IT automation software vendor - Pretax loss widens to GBP3.6 million in 2022 from GBP3.4 million in 2021. Says the loss is due to expenditure returning to a more normal level. The main expenditure of the business reflects significant investment in headcount and activity levels in the business's sales, pre-sales, marketing and engineering departments, Osirium says. Revenue increases to GBP1.9 million from GBP1.5 million, in-line with recently upgraded market expectations. Total bookings jump 86% to GBP3.0 million from GBP1.6 million the year prior. Says its customer base increases by 46% in 2022, while over 70% of existing customers increase their range of services or number of licences.

Read more
23 Mar 2023 10:41

AIM WINNERS & LOSERS: Zinnwald Lithium up on GBP19 million fundraise

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

Read more
9 Jan 2023 14:51

IN BRIEF: Osirium Technologies expects higher annual revenue

Osirium Technologies PLC - UK-based cybersecurity firm - Expects to report bookings and revenue for 2022 of at least GBP3.0 million and GBP1.9 million, respectively. These are up from GBP1.6 million and GBP1.4 million in 2021 and are in line with recently updated market expectations. Osirium's annual recurring revenue for December is GBP1.8 million, an increase of 28% over GBP1.4 million a year earlier.

Read more
9 Jan 2023 12:34

Osirium Technologies ends year in line with upgraded expectations

(Sharecast News) - Cloud-based cybersecurity specialist Osirium Technologies said in an update on Monday that, subject to audit, it was expecting to report bookings and revenue for the financial year just ended of at least £3m and £1.9m, respectively.

Read more
5 Dec 2022 15:44

UK shareholder meetings calendar - next 7 days

Tuesday 6 December 
accesso Technology Group PLCGM re purchase of accesso shares
Brighton Pier Group PLCAGM
Croma Security Solutions Group PLCAGM
Gattaca PLCAGM
Greatland Gold PLCAGM
International Biotechnology Trust PLCAGM
MyHealthChecked PLCGM re proposed capital reduction
Rosslyn Data Technologies PLCAGM
Target Healthcare REIT PLCAGM
Wednesday 7 December 
Alternative Liquidity Fund LtdAGM
Agriterra LtdAGM
Alphawave IP Group PLCGM re share number amendment
Cornerstone FS PLCGM re approval of new shares
Europa Oil & Gas Holdings PLCAGM
Henderson International Income Trust PLCAGM
Volta Finance LtdAGM
Thursday 8 December 
Ashoka India Equity Investment Trust PLCAGM
Bioventix PLCAGM
Blackrock Greater Europe Investment Trust PLCAGM
Falanx Group LtdAGM
Fidelity Emerging Markets LtdAGM
Lok 'n Store Group PLCAGM
Netcall PLCAGM
Red Rock Resources PLCGM re signing of the arbitral award 
Upland Resources LtdAGM
Westmount Energy LtdAGM
YouGov PLCAGM
Friday 9 December 
Asia Dragon Trust PLCAGM
Associated British Foods PLCAGM
Boston International Holdings PLCAGM
Critical Metals PLCAGM
Doric Nimrod Air One LtdAGM
Doric Nimrod Air Three LtdAGM
Doric Nimrod Air Two LtdAGM
Frontier IP Group PLCAGM
Gelion PLCAGM
TechFinancials IncAGM
Monday 12 December 
Devolver Digital IncSGM re 2022 Long-Term Incentive Plan approval
Marwyn Value Investors LtdAGM
Osirium Technologies PLCGM re placing agreement with Allenby Capital
PCF Group PLCGM re proposed cancellation of trading on AIM
  
Copyright 2022 Alliance News Ltd. All Rights Reserved.

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