Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPanther Metals Share News (PALM)

Share Price Information for Panther Metals (PALM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 3.95
Bid: 3.80
Ask: 4.10
Change: 0.00 (0.00%)
Spread: 0.30 (7.895%)
Open: 3.95
High: 3.95
Low: 3.95
Prev. Close: 3.95
PALM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: MySale revenue shrinks; Zenith notes record output

Tue, 05th Oct 2021 14:47

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

----------

MySale Group PLC - Australia, New Zealand and south east Asia-focused online retailer - Reports revenue for financial year to June 30 of AUD117.9 million - about USD85.8 million -, down from AUD131.0 million the year before, and pretax loss widens to AUD5.4 million from AUD3.4 million. However, it flags a return to underlying profitability, with underlying earnings before interest, tax, depreciation and amortisation of AUD4.2 million ahead of market expectations, compared to a loss of AUD2.7 million year before. Reports "continued positive trading momentum" in first quarter of new financial year. Also appoints Kalman Polak, with over a decade at digital marketplace Catch.com.au, as chief executive officer.

----------

Coral Products PLC - Manchester-based plastic products supplier - Says trading improves "significantly" despite challenges of Brexit, US-China hostilities and the coronavirus pandemic. Revenue for financial year to April 30 rises to GBP10.7 million from GBP8.7 million the year before, and pretax loss slims to GBP316,000 from GBP463,000. "Our group is facing macro-economic challenges that are unprecedented, but we believe that our balance sheet and margins mean that we can mitigate the effects. The crisis will pass at some point," says Chair Joe Grimmond.

----------

Pelatro PLC - London-based marketing software specialist - Secures contract for the use of its mViva platform to be used by a small, unnamed southern European telecom firm, which is part of a large European telecom group. The platform will be used for campaign management operations. The contract is largely recurring and is expected to contribute about USD600,000 in revenue over three years. "This should further strengthen our activities and presence in Europe, paving the way for more contracts in the region," says Managing Director & Chief Executive Subash Menon.

----------

One Media iP Group PLC - digital music rights acquirer - Buys percentage of royalty share income in the Mike Bennett Productions catalogue of rights, for an undisclosed sum. The catalogue contains the income derived from over 6,000 recordings supplied by Mike Bennett and his partners. One media says that the deal will not add to turnover but that the retention of royalties payable will flow to the bottom line in cost savings.

----------

Metal Tiger PLC - investor in natural resources - Completes further investment in Australian mining and exploration firm Sandfire Resources Ltd. Metal Tiger subscribes for 3.3 million shares for a total cost of AUD17.8 million or around USD13.0 million. The investment is partially financed through the sale of 1.1 million Sandfire shares at an average price of AUD5.22 per share, existing cash and by entering into a 12-month AUD9.0 million lending facility agreement. Following the investment, Metal Tiger holds around a 2.4% stake in Sandfire.

----------

LPA Group PLC - Essex-based LED lighting and electro-mechanical system manufacturer - Warns "supply chain challenges" have caused further rail project delays and will tip this year's results into an operating loss. Says financial year 2022 will be a "year of development" as it focuses more on resilient markets and away from large scale rail projects. Notes its continued cash generative status will underpin the group in the near future.

----------

Idox PLC- Reading, England-based supplier of specialist information management software - Purchases Brecon, Wales-based geospatial technology firm exeGesIS Spatial Data Management for up to GBP7 million. The deal will see Idox make an initial payment of GBP5.4 million, with an additional payment of GBP1.7 million contingent on the retention of existing recurring revenue. The deal will be funded from Idox's financial reserves. "As Idox continues to build on its GIS, mapping and data capabilities, the acquisition of exeGesIS is an exciting move and allows us to offer greater expertise, products and services to our customers," comments Chief Executive David Meaden.

----------

Zenith Energy Ltd - Calgary, Canada-based producer of oil, gas and electricity - Reports record profits for its electricity production activities in Italy, where its Torrente Cigno concession has been generating around 920 megawatt hours per month on average. Says the electricity was sold at the high price of around EUR157 per megawatt hour, compared to prices of EUR45 to EUR55 per megawatt hour in September 2020. Records net revenues of about EUR150,000 each month at its Italian concession, with monthly net production costs of only EUR35,000. Plans remain to extend its electricity production model on a larger scale in certain African jurisdictions.

----------

Sportech PLC - London-based betting technology company - Extends exclusivity period afforded to potential contract buyer until October 29, in order to help bring a possible deal to a conclusion. The company is in the process of potentially selling its terrestrial lottery supply contract.

----------

Panther Metals PLC - Malaysia-based company focused on mineral exploration in Canada and Australia - Begins diamond drilling on Wishbone volcanogenic massive sulphide prospect at the Obonga project in Ontario, Canada. Phase 1 drilling consists of up to three drill holes seeking to test strong geophysical expressions which are considered to be indicative of mineralisation. The Wishbone VMS prospect is targeting base metals copper, lead, zinc, silver and gold.

----------

Amedeo Air Four Plus Ltd - investment company that buys, leases and sells aircraft - Says rehabilitation of Thai Airways continues and revised lease documentation is in progress. Now expects the process to conclude during November. Remains committed to reinstating a dividend policy as soon as practicable.

----------

Octopus Renewables Infrastructure Trust PLC - UK-based closed-ended investor in renewable energy assets - Buys two in-construction onshore wind farms in Poland from the PNE Group. The Krzecin and Kuslin wind farms, with a combined capacity of 58.8 megawatts once completed, will benefit from a high percentage of fixed price revenue under the Polish Contracts for Difference scheme, until 2038. The cost, including debt funding for both projects, is expected to be PLN568 million or around GBP105 million. The projects are financed by the European Bank for Reconstruction & Development and BayernLB and will both be finished by mid-2022.

----------

By Will Paige; willpaige@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
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:

Read more
5 Apr 2023 12:56

Panther Metals agrees to sell Australia asset interest for GBP200,000

(Alliance News) - Panther Metals PLC on Wednesday said it conditionally agreed to sell its 30% interest in the Blue Mountain project in Queensland, Australia for GBP200,000 to ECR Minerals PLC.

Read more
27 Mar 2023 21:12

TRADING UPDATES: Star Phoenix legal win; Hamak Gold survey underway

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

Read more
23 Mar 2023 14:29

TRADING UPDATES: Eqtec hails French state contract; Conroy finds gold

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

Read more
2 Mar 2023 17:24

TRADING UPDATES: Fulcrum hails Big Bear find; Aminex's Ruvuma progress

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

Read more
14 Feb 2023 11:49

Fulcrum Metals raises GBP3.0 million via AIM initial public offering

(Alliance News) - Fulcrum Metals PLC on Tuesday said it raised GBP3.0 million via an initial public offering, as its shares began trading on AIM in London on Tuesday.

Read more
10 Feb 2023 11:50

Panther Metals notes Fulcrum announces initial public offering pricing

(Alliance News) - Panther Metals PLC on Friday said it noted Fulcrum Metals PLC announced the successful pricing of an initial public offering to raise GBP3 million in gross proceeds.

Read more
2 Feb 2023 19:39

TRADING UPDATES: Lords sells business; Atome wins joint venture deal

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

Read more
30 Jan 2023 14:23

TRADING UPDATES: Empire Metals confirms copper; Mosman hails progress

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

Read more
8 Dec 2022 15:24

Panther Metals hails Australian opportunities on gold lode discovery

(Alliance News) - Panther Metals PLC on Thursday said that it has discovered multiple new gold-rich quartz lodes at its asset in Australia, following on from exploration drilling at the site.

Read more
1 Dec 2022 21:42

TRADING UPDATES: Renalytix hails trial results; Kingswood buys JFP

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

Read more
24 Nov 2022 14:13

IN BRIEF: Panther Metals finishes phase one drilling at Obonga project

Panther Metals PLC - Canada-focused mineral exploration company - Completes the first phase of its diamond drilling programme at the Obonga project in Ontario, with 9 drill holes finished over a total of 1,500 metres drilled. The Obonga programme began on October 25 to target multiple high priority electromagnetic and magnetic geophysical anomalies prospective for volcanogenic massive sulphide hosted copper base metal mineralisation and intrusion hosted nickel, platinum and palladium.

Read more
25 Oct 2022 11:55

IN BRIEF: Panther Metals says drilling at Obonga in Canada starts

Panther Metals PLC - mineral exploration in Canada - Says diamond drilling programme at Obonga project, the first of five prospect areas, has begun. Says helicopter and first diamond drilling rig arrived at site and mobilised to start drilling at the Wishbone prospect yesterday. At Wishbone, Panther says it is targeting the base metals copper, lead and zinc as well as potential silver and gold.

Read more
19 Oct 2022 16:41

TRADING UPDATES: Smiths News, Cambridge Cognition win contracts

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

Read more
18 Oct 2022 09:59

Panther Metals expands soil program as precursor to drilling campaign

(Alliance News) - Panther Metals PLC on Tuesday said it has begun a second soil programme at the Manitou Lakes project in Ontario, Canada.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.