The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPERE.L Share News (PERE)

  • There is currently no data for PERE

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: Capital backs outlook; Northcoders trades well

Tue, 19th Jul 2022 20:01

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

----------

Destiny Pharma PLC - Brighton-based clinical-stage biotechnology company - Receives positive feedback from US Food & Drug Administration on the proposed phase 3 study design and development programme for XF-73 Nasal gel. XF-72 is being studied for the treatment post-surgical staphylococcal infections, including MRSA. The positive feedback from the FDA means Destiny can simplify the phase 3 study deisgn, which will shorten the overall clinical development program in the US.

----------

Northcoders Group PLC - Manchester-based training programmes for software coding - Says revenue is in line with management expectations in the six months to June 30, with underlying profitability ahead of expectations. Revenue rises to GBP2.3 million from GBP1.0 million year-on-year, with revenue visibility for the whole of the year at GBP5.4 million, or 83% of market expectations. "The strong performance of the group in the year to date gives the board confidence to invest additional funds in the second half of the year to support the anticipated growth in 2023, which is expected to result in the overall profitability for 2022 being in line with market expectations," the firm explains.

----------

Capital Ltd - mining services company - In the first half of 2022, revenue is up 40% at USD138.1 million compared to USD98.1 million a year before, as average utilised rigs rise 27% to 93 compared to 73 a year ago. Notes strong demand with outlook remaining supportive. Maintains revenue guidance for the full year of USD270 million to USD280 million, compared to USD226.8 million in 2021. Will release full financial results for the first half on August 18.

----------

Haydale Graphene Industries PLC - Ammanford, Wales-based graphene technology company - Expects revenue ahead of expectations at GBP2.9 million for year ended June 30, with gross profit of GBP1.7 million and loss before interest, tax, depreciation and amortisation of GBP3.4 million behind prior guidance. "As previously indicated, the commercial momentum from the second half of the Year is expected to accelerate into the new financial year with both an increased customer and product portfolio contributing to this. Against this increase, the annualised impact of the investment in sales, marketing, quality and production resource during FY2022 alongside the inflationary cost pressures we are seeing at our operating units will partly offset the expected uplift in revenue at the LBITDA level," the firm says.

----------

Dev Clever Holdings PLC - software developer for immersive learning and career guidance - Terminates agreement with Aldebaron DMCC after mutual agreement. The agreement was strategic partnership to accelerate rollout plan in Asia, agreed last June, which later the parties mulled turning into a joint venture, before deciding to terminate it. "This releases Aldebaron from the balance of its revenue obligations and returns the distribution rights for the Asian territories to Dev Clever," the firm explains. Says the decision will retain its global rights, which can be used to enter into individual agreements with international partners. Discussions have already begun, Dev Clever says. Expects to release delayed results for financial 2021 in August. Separately, in the six months to April 30, it expects to report revenue of around GBP3.3 million, up 38% year-on-year from GBP2.4 million. "The group continues to benefit from a strong pipeline and is confident of delivering substantial growth in the second half of the current financial year," the firm says.

----------

Challenger Energy Group PLC - Caribbean and Atlantic-margin focused oil and gas company - Second quarter total gross oil production was 34,159 barrels equating to approximately 375 barrels of oil per day, representing an approximately 6% increase over 358 bopd in the first quarter. Says increase in average daily gross production attributable to a focused effort on maintaining baseline production.

----------

Cora Gold Ltd - West African-focused gold company - Increases resource estimate to 24.9 million tonnes at 1.15 grammes per tonne gold for a total of 920,000 ounces at Sanankoro project in Mali.

----------

Predator Oil & Gas Holdings PLC - Jersey-based operator active in Trinidad, Morocco and Ireland - Company is in the process of completing local permitting for the second of two alternative locations for the step-out well to the MOU-1 well in Morocco which was completed for rigless testing in 2021. The well is anticipated to be drilled and completed for rigless testing between September and October this year. The drilling window will be updated as well inventory arrives in Morocco from overseas. Star Valley Rig 101 is prepared to commence drilling operations on instructions from the company, it adds.

----------

Pembridge Resources PLC - London-based copper-focused mining company - Notes Minto Metals Corp second quarter copper sales were GBP5.4 million, up from GBP4.6 million last year.

----------

Castillo Copper Ltd - Perth, Australia-based exploration company focused on copper across Australia and Zambia - Reports encouraging initial results from drill-hole on NWQ project in Queensland. Samples extracted from drill-hole BO_318RC produced a concentrate with confirmed upgrades ranging from five-times to ten-times for copper metal. Further testwork is underway on samples from the Big One Deposit to determine the final optimal results, it says.

----------

Canadian Overseas Petroleum Ltd - Calgary, Canada-based oil and gas company - Says it extends purchase agreement for Cuda Energy LLC assets.

----------

Afentra PLC - upstream operator in Africa with carried interest in Odewayne block onshore southwestern Somaliland - Wholly-owned subsidiary Afentra (Angola) Ltd signs deal with INA to acquire a 4% interest in Block 3/05 for USD9 million, and to purchase 5.3% interest in Block 3/05A for USD3 million. "Block 3/05 production averaged 19,500 barrels of oil per day in the first half of 2022 and has material production growth potential. Upon completion of both the Sonangol and INA transactions, Afentra will have initial 2P Reserves of around 24 million barrels (20 and 4 million barrels of oil respectively) and daily production of around 4,680 barrels per day," the firm says.

----------

By Elizabeth Winter; elizabethwinter@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
6 Jan 2023 11:22

Pembridge Resources receives Minto Metals loan deferred instalment

(Alliance News) - Pembridge Resources on Friday said it received the last part of the third instalment payment from Minto Metals, relating to a CAD4 million loan to Minto during 2019 and 2020.

Read more
18 Nov 2022 15:40

Pembridge renews GBP5 million loan with Chair and CEO Gati Al-Jebouri

(Alliance News) - Pembridge Resources PLC on Friday said a new loan agreement has been agreed with the company's Chair and Chief Executive Gati Al-Jebouri.

Read more
17 Nov 2022 17:15

Pembridge Resources says Minto Metals' quarterly revenue grew

(Alliance News) - Pembridge Resources PLC reported that Minto Metals Corp's revenue jumped in the third quarter of 2022

Read more
20 Oct 2022 21:56

TRADING UPDATES: Fiske swings to loss; Nanoco sees loss widen

(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 Oct 2022 20:22

TRADING UPDATES: Pembridge Resources gets payment; Genflow gets award

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

Read more
14 Oct 2022 19:55

TRADING UPDATES: Pembridge Resources sales rise; RECI net assets up

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

Read more
13 Sep 2022 16:01

IN BRIEF: Pembridge Resources notes Minto Metals update on Minto mine

Pembridge Resources PLC - London-based copper-focused mining company - Minto Metals Corp, in which Pembridge has an 11% holding, provided an update on its reclamation costs security for the Minto mine in Yukon, Canada. Minto says it has submitted a proposal to the Yukon Government regarding the USD21 million increase in security costs required for the Minto mine. The Yukon Government and Selkirk First Nation are reviewing the proposal.

Read more
8 Sep 2022 14:56

IN BRIEF: Pembridge interim loss widens on Miton Metals revaluation

Pembridge Resources PLC - London-based copper-focused mining company - In the six months ended June 30, widens pretax loss to USD3.9 million from USD2.5 million the previous year. Net assets at June 30 falls to USD7.3 million from USD10.9 million. Cites the market-to-market revaluation of its investment in Minto Metals Corp for the interim loss. Says it believes Minto has a "robust financial position" where it can look for new projects. Adds that it is now being repaid by Minto for a loan of CAD4 million to the firm during 2019 and 2020.

Read more
1 Jul 2022 20:05

TRADING UPDATES: Capital wins contracts; 4D pharma pauses enrolment

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

Read more
26 May 2022 21:37

EARNINGS UPDATES: RA International and Watchstone swing to annual loss

(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
17 May 2022 19:28

IN BRIEF: Pembridge Resources notes offtake extension deal by Minto

Pembridge Resources PLC - London-based copper-focused mining company - Notes that Minto Metals Corp signs a four-year concentrate offtake extension for its Minto Mine with Sumitomo Corp.

Read more
29 Apr 2022 21:39

TRADING UPDATES: Rotala buys buses; Aukett Swanke sells John R Harris

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

Read more
28 Apr 2022 20:58

TRADING UPDATES: In The Style, International Personal Finance upbeat

(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
6 Apr 2022 19:05

TRADING UPDATES: TransGlobe Energy ups oil production in first quarter

(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

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.