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EARNINGS AND TRADING: Oxford Metrics revenue up; TPXimpact loss widens

Tue, 05th Dec 2023 18:09

(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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Various Eateries PLC - London-based operator of 18 Coppa Club, Tavolino and Noci restaurants in UK - Confirms that it is in advanced stages of conducting a potential fundraising of up to GBP12 million of shares priced at 25 pence, and a potential debt for equity conversion. Says there can be no guarantee that any transaction will proceed. "The group is well positioned to capitalise on the opportunities that have been presented post Covid, particularly changes in consumer behaviour, and also, both the availability and the commercials of sites. Building upon the success of Coppa Club and Noci, any monies raised from the transaction (less fees) would be used to accelerate growth across the Group with the further rollout of both brands," Various Eateries says.

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Guanajuato Silver Co Ltd - Vancouver, British Columbia-based company that reactivates past producing silver and gold mines in central Mexico, with four operating mines and three processing facilities - Closes a USD7.5 million fold loan credit facility financing with Ocean Partners UK Ltd. The unsecured loan facility is for a term of 36 months, is repayable in equal fixed monthly installments of gold totalling approximately 191 troy ounces per month for a period of 30 months, following a six-month grace period. James Anderson, chair & CEO, says, "Ocean Partners has been our preferred metals trading partner since our first sale of precious metals concentrates back in 2021; they have always been first-in-line to offer support for our strategic initiatives as we continue to grow GSilver into a mid-tier producer of precious metals in Mexico."

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Panther Metals PLC - Canada-focused mineral exploration company - Notes successful conclusion of the inaugural drilling programme, targeting gold, at the Manitou Lakes project in Ontario, Canada. Says geological core logging and sampling to commence this week. "Conducting a maiden drill programme on a gold project as prospective as Manitou Lakes Project is always an exciting time for a junior explorer and its shareholders," says Chief Executive Darren Hazelwood. "Our previous soil sampling delineated a strong gold in soil anomaly at the project's Glass Reef Target, so the visual identification of shear structure-hosted quartz veining in the drill core bodes particularly well for the potential intersection of the gold bearing mineralisation."

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Town Centre Securities PLC - Leeds, England-based property investor, car park and hotel operator - Notes results of tender offer. Raises GBP9.1 million through tender offer of 6.3 million shares priced at 145.0 pence each. Says price represents a premium over the price of ordinary shares of 22% to its closing price of 118.5p on November 7. Tendered shares represents about 13% of the issued share capital.

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Oxford Metrics PLC - Oxford, England-based software provider - Reports results for financial year ended September 30. Revenue jumps 54% to GBP44.2 million from GBP28.8 million a year earlier. Pretax profit rises 67% to GBP5.7 million from GBP3.4 million. Ups dividend by 10% to 2.75p from 2.50p. Says trading in the first months of the financial year has been in line with company expectations. Over half of revenue expectations for the full year is underpinned by orders in hand and a strong sales pipeline, it adds. CEO Imogen Moorhouse says: "With an energised team, a clear roadmap and continued market demand, the board looks forward to the new financial year which is set to see further underlying growth in our existing markets whilst laying the foundations for future growth including the commercialisation of markerless technology."

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TPXimpact Holdings PLC - London-based IT consulting firm - Reports results for the six months ended September 30. Revenue rises by 22% to GBP41.6 million from GBP34.1 million a year earlier. Pretax loss widens to GBP10.1 million from GBP4.3 million. Looking ahead, TPXimpact says it continues to trade in line with targets. Expects to deliver revenue in the range of GBP80 million to GBP85 million and adjusted earnings before interest, tax, depreciation & amortisation in the range of GBP4 million to GBP5 million for the full year.

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Gooch & Housego PLC - Somerset, England-based photonics components and systems manufacturer - Reports results for year ended September 30. Revenue rises 19% to GBP148.5 million from GBP124.8 million a year earlier. Swings to pretax profit of GBP5.0 million from a loss of GBP2.3 million. Total dividend increases by 3.2% to 13.0p from 12.6p. Looking ahead, Gooch says it is "well positioned in structurally growing markets." Adds that it is confident that it will deliver further profitable growth in the coming year. Chief Executive Charlie Peppiatt says: "While mindful of the uncertain macroeconomic and geopolitical landscape, G&H remains well positioned with a robust pipeline across all our end markets and a fully deployed clear new strategy to deliver sustainable profit growth."

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Peel Hunt Ltd - investment bank - Reports results for six months ended September 30. Revenue rises 3.9% year-on-year to GBP42.7 million from GBP41.1 million a year earlier. Swings to pretax loss of GBP800,000 from a pretax profit of GBP100,000. Says swing to loss reflects challenging macroeconomic environment and inflationary increases in costs. "Despite the continued challenging market backdrop, our performance has remained resilient. Revenue for the first six months was in line with expectations, and slightly up on the same period last year. Our performance was not quite enough to offset the high inflationary environment and its impact on costs but our balance sheet remains strong, demonstrating the group's financial resilience," says Chief Executive Steven Fine.

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Gunsynd PLC - London-based company investing in companies and projects within the natural resources, life sciences and beverage sectors - Raises GBP210,000 through issue of 105.0 million new shares price at 0.20 pence each. Says the proceeds of the placing will provide the company with additional funding for general working capital, progressing its activities and making investments in line with its stated investing policy.

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Puma Alpha VCT PLC - London-based venture capital trust - Confirms plans to launch new subscription offer to raise up to GBP12 million, with an over-allotment facility of up to a further GBP5 million.

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EnQuest PLC - London-based oil and gas producer with assets in the UK and Malaysia - Nasdaq Stockholm approves EnQuest application to delist its shares. Says last day of trading of the company shares will be December 19. EnQuest shares will remain listed on the London Stock Exchange.

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Bushveld Minerals Ltd - South Africa-focused vanadium producer and energy storage solutions provider - Raises USD18.4 million through placing and subscription of 486.0 million shares prices a 3 pence each. In addition to the placing and subscription, Bushveld launches retail offer via PrimaryBid to raise up to a further GBP2.0 million

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By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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IN BRIEF: Panther Metals shares rise on extra Obonga graphite assay

Panther Metals PLC - Canada-focused mineral exploration company - Announces updated graphite assay results for drill hole BBR22_AW-P1-1, based on additional samples targeting crystalline graphite at the Awkward prospect in its Obonga project, northwest Ontario. Results extend downhole intersection to 27.2 metres at 2.25% total graphitic carbon between 12 metres and 43.3 metres downhole. Company says historic data review notes graphite at surface and abundant in some units within the wider exploration area.

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IN BRIEF: Panther Metals rises amid expectations for growth in 2024

Panther Metals PLC - Canada-focused mineral exploration company - Says it is "well positioned" for accelerated growth in 2024. Chief Executive Officer Darren Hazelwood said: "External factors, such as the continued drive towards decarbonisation, renewable energy and electric vehicles has resulted in a global shift towards securing access to critical raw materials and metals, creating a favourable environment that Panther will leverage given our geographic positioning to serve the North American market." It also places "strategic emphasis" on the Obonga project situated within the highly prospective Obonga greenstone belt.

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Panther Metals takes options on mining claims to extend Obongo project

(Alliance News) - Panther Metals PLC on Friday said it has agreed to a purchase option over 35 single-cell mining claims in Ontario, Canada.

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IN BRIEF: Panther Metals cancels loan notes as project under budget

Panther Metals PLC - Canada-focused mineral exploration company - Gives update on financing arrangements. On November 20, agreed to issue in aggregate GBP300,000 in face value of 15% unsecured loan notes with a 12 month maturity, and warrants attached on a one-for-one basis with an exercise price of 3.3 pence each. The proceeds were meant to be used to fund Panther's inaugural diamond drilling programme at the Manitou Lakes project in Ontario, Canada.

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