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Pin to quick picksPowerhouse Ener Share News (PHE)

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TRADING UPDATES: Hotel Chocolat and Henry Boot beat expectations

Tue, 18th Jan 2022 17:11

(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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Hotel Chocolat Group PLC - Royston, Hertfordshire-based chocolatier - Says revenue in second quarter ended December 26 up 37% annually and 63% from two years earlier. For first half, revenue is up 40% year-on-year and 56% from two years prior. Company adds: "Trading throughout the period has been encouraging and the board now expects trading to be marginally ahead of management's expectations for the current financial year."

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Henry Boot PLC - Sheffield, England-based construction and property development business - Expects pretax profit for 2021 to be materially ahead of market forecasts, placing consensus at GBP30.7 million. Says its three key markets all performed well in the year and it has a "robust" balance sheet. "Looking ahead, Henry Boot enters 2022 in good shape, with a robust balance sheet, strong momentum within the group's operations and a healthy store of opportunities secured in its three key markets, leaving the group confident of further progress in the year," the builder and property developer adds.

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Brickability Group PLC - Bridgend, Wales-based construction materials distributor - Expects adjusted earnings before interest, tax, depreciation and amortisation of at least GBP32 million for year ending March 31. This would be ahead of current market expectations. Would represent sharp improvement from GBP17.5 million in financial 2021. Company adds: "The group's continued positive performance, despite the wider challenges and uncertainty caused by the Covid-19 pandemic and industry supply chain disruption, further demonstrates the strength, agility and operational efficiency of Brickability's diverse multi business strategy, as it continues to successfully navigate these pressures."

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Inland Homes PLC - Buckinghamshire, England-based housebuilder - Says appeal lodged against refusal of Spelthorne Borough Council to offer consent for a development in Staines has been "upheld" by the planning inspectorate. Inland is eyeing building 206 homes on a brownfield site in Staines town centre. "The scheme was originally refused by the Borough on 24 June 2021, despite a planning officer's recommendation for approval," Inland adds.

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Carr's Group PLC - agriculture machinery distributor and engineering firm - Says makes "positive start to the year" with performance in 20-week period ended January 15 " broadly in line with the board's expectations". Speciality Agriculture traded in line with expectations, while Agricultural Supplies division "is on track". However, Engineering traded behind expectations, though ahead of prior year. In addition, Carr's notes it is undertaking a strategic review. Its three divisions offer "limited opportunities to benefit from synergies". Carr's adds: "The board will update investors at the time of the group's interim results in April 2022."

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ProCook Group PLC - Waterwells, Gloucester-based direct-to-consumer kitchenware retailer - Says revenue in third quarter ended January 9 up 35% annually to GBP23.1 million, up 83% from two years earlier. Year to date, revenue is 35% higher at GBP55.2 million. ProCook adds: "Quarter four in FY21 was heavily impacted by the closure of the Retail estate due to Covid-19 restrictions. We anticipate, based on the latest government positioning around Covid-19, that our Retail shops will remain open throughout the remainder of this financial year. We remain well-stocked having invested in working capital to protect availability throughout this period of continued supply chain disruption. Our inbound supply pipeline remains strong and provides confidence that we are well positioned to meet customer demand in the months ahead."

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Eagle Eye Solutions Group PLC - London-based marketing solutions provider - Signs three-year contract with Neptune Retail Solutions, a retail marketing company, to provide digital promotion services with a "national US grocer". "This is Eagle Eye's third deal in the United States and the second joint client for NRS and Eagle Eye, following the signing of Southeastern Grocers in December 2019. This partnership enables NRS to offer its brand partners the ability to deliver a digitally connected experience across the shopping journey both at home and in-store from the shelf to the register (or till)," Eagle Eye says.

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Crossword Cybersecurity PLC - London-based cyber security and risk-focused technology commercialisation company - Expects to post total income growth of 43% to GBP2.3 million for 2021. "Further, the company is confident of achieving income growth of circa 75% in 2022, in line with market expectations," Crossword adds. Company says: "The 2022 income growth will be driven by growth in both cybersecurity consulting and product related income. Crossword expects to have continued traction with Rizikon, aiming for 1,000 users by the end of 2022, with the ongoing pursuit of the partnership campaigns."

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GRC International Group PLC - Cambridgeshire, England-based products and services for IT governance, risk management and compliance - Raises GBP2.8 million from placing of 7.9 million shares at 38 pence each. CEO Alan Calder says: "We are delighted with the support from investors, which has enabled us to raise sufficient capital to fully fund our immediate growth plans. With net proceeds of approximately GBP2.8 million we can now accelerate the planned investment in our SaaS and e-commerce platforms and take advantage of further investment opportunities that have been earmarked for later this year."

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Ten Lifestyle Group PLC - London-based lifestyle and travel service platform - Wins deal with "Japan's largest wealth management businesses". Ten says its digitally-enabled concierge services will be available to new corporate client's high-net-worth wealth management customers. Initially expected to be a small gig, meaning below GBP250,000, before rising to medium contract in next financial year. Ten defines medium deals as those between GBP250,000 and GBP2 million.

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Anexo Group PLC - Liverpool-based credit hire and legal services provider - Says revenue growth in 2021 exceeds forecasts, with pretax profit to be "significantly ahead of market expectations". "The strong performance has been underpinned by a number of factors, including strong growth in the motorcycle courier market, the withdrawal of competitors due to Covid and the implementation of the Civil Liability Act in May 2021," Anexo says. Adds that reopening of courts has been tailwind for legal division Bond Turner. Company adds: "The group continues to monitor developments in the legal action against Volkswagen AG. The group is actively engaged with approximately 15,000 claims. As previously announced, all costs associated with marketing and the processing of claims have been expensed as incurred; investment in case acquisition and development in 2021 totalled GBP800,000."

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Blancco Technology Group PLC - Bishop's Stotford, England-based provider of mobile device diagnostics - Expects full year results "to be above expectations". Says increasing industry focus on sustainability and governance have been "tailwinds". "Adjusted operating profit, adjusted Ebitda and cash are all expected to be comfortably above the board's expectations," company adds.

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Atlantic Lithium Ltd - lithium-focused exploration company - Reports further "high-grade infill drilling results" at Ewoyaa lithium asset in Ghana. "The ongoing infill drilling results received continue to confirm mineralisation grade and continuity where tested across the Ewoyaa deposit," CEO Vincent Mascolo says.

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Lekoil Ltd - London-based oil and gas exploration and production company with projects focused in Nigeria and West Africa - Says oil production at Otakikpo asset amounts to 4,530 barrels of oil per day in December. "Oil production in December was impacted by equipment interruption and repair," Lekoil warns.

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Hydrogen Utopia International PLC - London-based company specialising in turning non-recyclable mixed waste plastic into carbon-free fuels - Signs letter of intent with Mitsubishi Heavy Industries Ltd which will see Mitsubishi review technology and explore the commercial opportunities for developing waste plastic to hydrogen facilities. The facilities will incorporate Powerhouse Energy Group PLC's DMG technology in Japan. "Mitsubishi will have a period of one year to review the technology under the LOI, unless extended by mutual consent. Any decision to deploy the technology would be subject to further detailed agreement(s) between the parties," Hydrogen Utopia says.

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Pure Gold Mining Inc - Vancouver, Canada-based gold miner - Says "high-grade drill intercepts" returned from recent drilling of PureGold mine. Chief Executive Troy Fierro says: "These drill results also highlight the fantastic opportunities for increased head grades and resource expansion that we see in many of the mining areas currently under development for production in the next 6-12 months. As we continue to execute our plan to bring the PureGold Mine toward its full potential, definition drilling provides the critical information needed for precise planning while also highlighting opportunities for potential resource expansion and growth."

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Capital Ltd - mining services company - Expects 2021 revenue of USD226.8 million, up 685 from USD135.0 million and ahead of USD220 million to USD225 million guidance. "This is the second consecutive year Capital has delivered material growth in revenue, following 18% YoY growth in 2020," Capital says. "Q4 saw the strongest quarterly revenues in the group's history, and the momentum has continued into 2022 across all business units." Fourth quarter revenue jumps 92% to USD66.5 million from USD34.6 million.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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17 Mar 2023 20:15

TRADING UPDATES: Powerhouse Energy hails lease for forthcoming centre

(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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22 Feb 2023 12:02

IN BRIEF: Powerhouse Energy shares rise on Petrofac services deal

Powerhouse Energy Group PLC - Bingley, England-based hydrogen-from-waste-plastic producer - Enters framework services agreement with Petrofac Facilities Management Ltd, a subsidiary of Petrofac Ltd, for engineering design and supply chain development services. Will work on PHE's pipeline of projects, including the Plastics to Hydrogen project at Protos.

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23 Jan 2023 12:13

Hydrogen Utopia International signs accord for Polish waste facility

(Alliance News) - Hydrogen Utopia International PLC on Monday said its wholly-owned Polish subsidiary Hydropolis United sp zoo signed a letter of intent with the city of Walbrzych in south-western Poland.

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14 Nov 2022 19:52

TRADING UPDATES: Aeorema reinstates payout; Resolute upsizes fundraise

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

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11 Nov 2022 15:24

TRADING UPDATES: De La Rue defends chair; Resolute Mining fundraise

(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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11 Nov 2022 13:28

IN BRIEF: Powerhouse Energy says collaboration gets government funding

Powerhouse Energy Group PLC - Bingley, England-based hydrogen-from-waste-plastic producer - Says University of Manchester granted research funding for development and validation of a "potentially game-changing" hydrogen separation technique. New technique extracts hydrogen from synthesis gas produced by company's DMG process. DMG is a new type of Chemical Recycling, a form of advanced thermal conversion technology. Team of researchers at the university, led by Amir Keshmiri has receive government funding to work with company to undertake the project. Objective is to enable and encourage swifter adoption of local, cleaner, low carbon energy, addressing the growing unrecyclable waste issue while working within the existing waste hierarchy framework.

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10 Nov 2022 14:31

Powerhouse issues progress update on Energy Park development

(Sharecast News) - Waste-to-energy technology specialist Powerhouse Energy updated the market on progress with the infrastructure for Plot 10b of the Protos Energy Park on Thursday.

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2 Nov 2022 15:43

UK shareholder meetings calendar - next 7 days

Thursday 3 November 
Amte Power PLCAGM
Arc Minerals LtdAGM
Cap-XX LtdAGM
Darktrace PLCAGM
Friday 4 November 
Celtic PLCAGM
DFS Furniture PLCGM dividend payment
Monday 7 November 
B90 Holdings PLCEGM director removal vote
Future Metals NLAGM
Tuesday 8 November 
DG Innovate PLCAGM
Frontier Developments PLCAGM
Wednesday 9 November 
Baker Steel Resources Trust LtdEGM
Essentra PLCAGM
Fundsmith Emerging Equities Trust PLCGM suspension and cancellation of listings
JPMorgan Emerging Markets Investment Trust PLCAGM
Hays PLCAGM
Mid Wynd International Investment Trust PLCAGM
Powerhouse Energy Group PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
18 Oct 2022 08:20

IN BRIEF: Powerhouse Energy chief Keith Riley to step down as chair

Powerhouse Energy Group PLC - Bingley, England-based hydrogen-from-waste-plastic producer - Interim Chair & Acting Chief Executive Officer Keith Riley plans to step down but doesn't give an exact date for this. "I look forward to announcing the new additions to the board which we believe will not only significantly strengthen the board but also ensure that the company has the right expertise in place to take the business forward. Once in place, with the board's agreement, I propose to step down as interim chairman whilst maintaining an executive position on the board and to see PHE's technology into construction," he says on Thursday last week.

Read more
5 Sep 2022 18:25

TRADING UPDATES: Bradda wins drilling approval; Oakley invests in vLex

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

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25 Aug 2022 12:08

Powerhouse Energy narrows interim loss as posts lower costs

(Alliance News) - Powerhouse Energy Group PLC on Thursday posted a narrowed interim loss as administrative expenses and cost of sales fell.

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23 Aug 2022 11:03

IN BRIEF: Powerhouse Energy to build JV hydrogen facility in Poland

Powerhouse Energy Group PLC - Bingley, England-based hydrogen from waste plastic producer - Agrees terms with Hydrogen Utopia International PLC for the joint development of a non-recyclable waste plastic hydrogen facility at a site in Konin, Poland. Says it will contribute for development costs for the project with HUI on a 50:50 basis. Powerhouse Energy agrees to a fixed sum at EUR250,00 for any costs that HUI has incurred in developing the site, and the Konin project to date will be recognised as part of HUI's contribution to the development costs of the JV. Says HUI will also receive a premium of EUR250,000, bringing the total contribution from Powerhouse to HUI to EUR500,000.

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23 Aug 2022 11:03

Powerhouse agrees heads of terms for Konin project in Poland

(Sharecast News) - Waste-to-energy technology company Powerhouse has agreed heads of terms with Hydrogen Utopia International (HUI), it announced on Tuesday, for the joint development of a facility at a site in Konin, in the Polish province of Wielkopolska.

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15 Aug 2022 17:31

IN BRIEF: Powerhouse Energy CEO to resign after six months in role

Powerhouse Energy Group PLC - Bingley, England-based hydrogen from waste plastic producer - Chief Executive Officer Paul Drennan-Dunrose to resign from his role with effect on August 31, as a personal decision.

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15 Jul 2022 13:36

PowerHouse Energy releases positive feasibility report

(Sharecast News) - Waste-to-hydrogen technology company PowerHouse Energy Group updated the market on an independent 'statement of feasibility' for its proprietary full-scale commercial engineering design for its waste-to-power and waste-to-hydrogen processes known as 'DMG' on Friday.

Read more

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