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EARNINGS AND TRADING: Fiske swings to profit, Aterian starts Rwanda JV

Tue, 24th Oct 2023 17:27

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

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Triple Point Venture VCT PLC - London-based investor in early-stage small and medium-sized enterprises - Net asset value per share falls to 99.61 pence at August 31, from 102.17p at February 28. Portfolio has continued to grow to GBP7.2 million during the half year ended August 31, with five new qualifying investments and eight follow-on investments. Company also says subscription offer, which closed in late July, has raised GBP15.0 million and resulted in issuance of 14.2 million new shares. Says the current "mediocre macro environment" is likely to continue for now, but so should demand for its portfolio companies' solutions, leaving its existing portfolio well-positioned for future growth.

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Fiske PLC - London-based stockbroker and investor - Revenue for year ended June 30 increased 2.0% to GBP5.9 million from GBP5.8 million the year before, largely due a resurgence in interest income towards the end of the year. Company also swings to GBP315,000 profit from a GBP349,000 loss. Operating expenses totalled GBP5.8 million, down 8.3% from GBP6.3 million. Fiske says it will continue investing in automation technologies, and has conducted a comprehensive review of its fee structure in light of rising costs. Says it has "begun to see the benefits of these new rates in the first few months of the new financial year."

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Thruvision Group PLC - Abingdon, England-based people-screening technology provider - Placed on Monday 13.4 million shares at 23.5 pence each. On Tuesday says placing successfully raised desired GBP3.2 million, including a strategic investment by Pentland Capital Ltd of Pentland Group. Pentland subscribed for at least GBP2.5 million with a view to acquiring a minimum 10% shareholding in Thruvision over time. When issued, placing shares will represent around 9.2% of Thruvision's issued share capital. Company says proceeds will be used for continued investment in its sales and marketing capabilities, and delivering key new software functionality.

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Panther Metals PLC - Hertfordshire, England-based investor in mining companies - Notes start of pre-drilling activities by Fulcrum Metals, in which it has a 20% stake, at the Tully gold project in Ontario, Canada.

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Gunsynd PLC - London-based investor in companies and projects within the natural resources, life sciences and beverage sectors - Notes announcement by investee Omega Oil & Gas Ltd on its Basin-Centered Gas drilling campaign. Omega claims estimated maiden gross 2C contingent resources of 1.73 trillion cubic feet and 3C resources of 4.5 TCF across its holdings in Taroom Trough in Queensland. Net 2C resources comprise 1.51 TCF gas and 68.6 million barrels of condensate. Omega says reservoirs have strong growth potential, with further assessment to be considered on other hydrocarbon-bearing reservoirs within the "highly prospective" Kianga formation and the Back Creek group. Omega also completed a USD21 million capital raising in early August which fully funds the next stage of exploration and appraisal."

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Oneiro Energy PLC - London-based special purpose acquisition company focused on energy transition, primarily away from oil - Operating loss for half year ended July 31 widened to GBP277,680 compared to GBP135,803 the year before. Pretax loss widened to GBP273,255 from GBP126,953. Cash balance at July 31 was GBP969,924, up from GBP113,522 at the same time in 2022. Administrative expenses more than doubled to GBP277,680. Company says it is pleased with the quality of the opportunities it has so far reviewed and is in the process of compiling a shortlist to attract current and future shareholders.

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Aterian PLC - London-based, Africa-focused miner - Says it has met conditions from Rio Tinto Mining and Exploration Ltd to initiate a lithium-focused earn-in investment and joint venture agreement in the Republic of Rwanda. Rio Tinto has confirmed that the JV is now in effect. Local subsidiary Kinunga Mining Ltd, in which Aterian holds a 70% interest, has been "actively working" on prerequisites supporting preparatory work necessary to launch the exploration programme. Kinunga holds the licence for a 2,750-hectare exploration licence in southern Rwanda. Rio Tinto has the option to invest USD7.5 million in two stages to earn up to a 75% interest in the licence, and to add Aterian's two other Rwandan projects pending licence approvals.

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By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
13 Sep 2023 21:43

IN BRIEF: Panther Metals congratulates Fulcrum on "exciting" results

Panther Metals PLC - Canada-focused mineral and exploration company - Notes statement from Fulcrum Metals PLC detailing significant gold exploration results for their Schreiber-Hemlo project in Ontario, Canada. Panther currently holds a 19.99% interest in Fulcrum.

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7 Sep 2023 17:13

TRADING UPDATES: Fulcrum Metals finds uranium oxides at Charlot-Neely

(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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5 Sep 2023 19:41

TRADING UPDATES: Molecular Energy proposes Argentinian disposal

(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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31 Aug 2023 17:03

IN BRIEF: Panther Metals raises GBP200,000 through issue of loan notes

Panther Metals PLC - Canada-focused mineral and exploration company - Raises GBP200,000 through the issue of 17% unsecured convertible loan notes with a 12 month maturity and possible early conversion with warrants attached on a one-for-one basis at an exercise price of 5.5 pence each. The proceeds of the subscription will be used to fund the company's current working capital and capital expenditure requirements.

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31 Aug 2023 09:53

SMALL-CAP WINNERS & LOSERS: PPHE Hotels rises on swing to profit

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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7 Aug 2023 11:11

IN BRIEF: Fulcrum Metals buys Tully Gold project; raises GBP520,000

Fulcrum Metals PLC - Canada-focused mineral exploration and development company - Enters into mineral claim purchase agreement between the company, its subsidiary Fulcrum Metals (Canada) Ltd, and TSX-listed 1911 Gold Corp, to acquire a 100% interest in the Tully Gold Project in Timmins, Ontario for CAD800,000, or GBP469,8484. The project has an estimated 107,000 ounce of gold resource at less than USD6.0 per ounce.

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1 Aug 2023 14:26

TRADING UPDATES: MaxCyte strikes deal; Barkby sells Workshop

(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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27 Jul 2023 21:53

TRADING UPDATES: Ormonde eyes AIM exit; Online Blockchain tests AI app

(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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27 Jun 2023 12:11

IN BRIEF: Panther Metals submits application for Dotted Lake in Canada

Panther Metals PLC - company focused on mineral exploration in Canada - Says it has submitted a comprehensive exploration and drill permit application for the Dotted Lake property in Ontario, Canada. The permit covers covers 57 claim cells on the north and northwest side of the 100% owned property. Adds that the area is considered very prospective for ultramafic intrusive related nickel and base metal mineralisation.

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1 Jun 2023 15:52

UK shareholder meetings calendar - next 7 days

Friday 2 June 
Cap-XX LtdGM re fundraising
Conduity Capital PLCGM re future direction of the company
Kibo Energy PLCEGM re renewal of director authorisations to issue shares
Mirriad Advertising PLCGM re new ordinary shares admitted to trading on AIM
Purplebricks Group PLCGM re proposed sale of business & assets to Strike Ltd
Monday 5 June 
EnQuest PLCAGM
Tuesday 6 June 
Billington Holdings PLCAGM
Mast Energy Developments PLCAGM
NB Global Monthly Income Fund LtdAGM
Tasty PLCAGM
WANdisco PLCGM re new shares authorisation and fundraise
Wednesday 7 June 
City Pub Group PLCAGM
Gem Diamonds LtdAGM
Gulf Marine Services PLCAGM
Hostmore PLCAGM
LXi REIT PLCAGM
Pennant International Group PLCAGM
Third Point Investors LtdAGM
United Oil & Gas PLCAGM
Xpediator PLCGM re takeover by DLM Bidco
Thursday 8 June 
Ashtead Technology Holdings PLCAGM
Camellia PLCAGM
Checkit PLCAGM
Churchill China PLCAGM
CRH PLCCourt Meeting and EGM re proposal to transfer the company's primary listing to NYSE
Downing Renewables & Infrastructure Trust PLCAGM
Fair Oaks Income LtdAGM
Fusion Antibodies PLCGM re result of retail offer
Genflow Biosciences PLCAGM
Glenveagh Properties PLCAGM
Kavango Resources PLCAGM
Kosmos Energy LtdAGM
Melrose Industries PLCAGM
North American Income Trust PLCAGM
Oriole Resources PLCAGM
Panther Metals PLCAGM
REA Holdings PLCAGM
Renalytix PLCGM re director's authorization to allot new shares and equity securities for cash
Vaalco Energy IncAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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12 May 2023 13:02

Panther Metals strengthens position at Obonga with purchase of land

(Alliance News) - Panther Metals PLC on Friday said that it has bought 171 additional mining claims that are directly contiguous to the Obonga Project in north-western Ontario, Canada.

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11 May 2023 14:37

IN BRIEF: Panther Metals subsidiary to start drilling in Coglia

Panther Metals PLC - Canada and Australia-focused mineral exploration company - Notes subsidiary Panther Australia will begin a second drilling campaign at Coglia nickel-cobalt project in Western Australia shortly. Drill is to grow the current 70.6 million tonne inferred mineral resource.

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3 May 2023 16:11

Panther Metals wins drilling permit for Manitou Lakes project

(Alliance News) - Panther Metals PLC on Wednesday said it has won an exploration permit for drilling at the Manitou Lakes project in Ontario, Canada.

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28 Apr 2023 20:59

TRADING UPDATES: Ashoka WhiteOak holds IPO; Fox Marble agrees takeover

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

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27 Apr 2023 17:02

TRADING UPDATES: Ceiba net asset value down, up for Asia Dragon Trust

(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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