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Pin to quick picksPlaza Share News (PLAZ)

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TRADING UPDATES: Plaza Centers loss narrows; 450 eyes investments

Wed, 29th Mar 2023 17:35

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

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450 PLC - London-based acquisition vehicle eyeing content, media and technology sectors - For six months to December 31, posts petax loss of GBP558,000, widened from loss of GBP183,000 a year prior. Reports no half-year revenue, unchanged from last year. Says it sees "significant" investment prospects in media, content creation, and tech.

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Horizonte Minerals PLC - Nickel company developing two assets in Brazil - Pretax loss for the year ended December 31 narrows to USD5.3 million from USD13.3 million a year prior. Administrative expenses widen to USD12.5 million from USD7.8 million in 2021. Horizonte reported a USD8.5 million foreign exchange gain for 2022, swinging from a loss of USD862,739 in 2021. Although the group's assets are not generating revenues and an operating loss has been reported, the directors are confident that they have sufficient funds to undertake operating activities for the next year at least. Horizonte will provide an update for Araguaia covering activity in the first quarter of 2023 in April.

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Plaza Centers NV - Property investor in India - Reports pretax loss for year ended December 31 of EUR8.5 million, narrowed from EUR27.1 million in 2021. Attributes narrower loss to lower finance costs. Records total assets EUR8.3 million, down EUR1.5 million year-on-year on fewer equity accounted investees. The firm's consolidated cash position as of December 31 increased by around EUR3.1 million to EUR7.8 million, from EUR4.7 million last year, as a result of received consideration following the sale of a plot in Bangalore, India.

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CVC Income & Growth Ltd - Closed-ended investment company with exposure to European senior secured loans and other sub-investment grade corporate credit - Reports net asset value per euro shares of EUR0.8902 on Dec 31, versus EUR1.0266 year-on-year. NAV per sterling shares were recorded at GBP1.1064 at Dec 31, versus GBP1.3151 a year prior. The board says it is excited by current prospects, but watching the financial system.

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Ikigai Ventures Ltd - Special purpose acquisition company focused on Asia and Europe - For the six months ended December 31, posts loss of GBP339,449, widened from GBP267,923 a year prior. Says that its strategy and future success is dependent on its ability to identify a suitable acquisition opportunity and to execute a reverse takeover of the chosen acquisition target on attractive terms. It cannot currently predict the period of time it will take to identify a suitable acquisition. If a target is not identified within 18 months of the placement, further funds may need to be raised. As at December 31, Ikigai's unaudited net assets were GBP1.4 million, as was its cash at bank.

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By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
4 Dec 2018 14:08

Plaza Centers Extends Transaction Closing Date For Plot In Chennai

LONDON (Alliance News) - Plaza Centers NV on Tuesday said it extended the closing date of 50% stake sale in its 74.7 acre plot in Chennai, India, for EUR13.2 million.The real estate company

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3 Dec 2018 12:06

Plaza Centers Disposes Of Land Plot In Serbia For EUR290,000

LONDON (Alliance News) - Real estate investor Plaza Centers NV said Monday it has sold a five-acre plot in Krusevac, Serbia for EUR290,000 in total.Shares in Plaza Centers were untraded on

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7 Nov 2018 16:36

Plaza Centers Extends Closing Date For Stake Sale In Indian Land Plot

LONDON (Alliance News) - Plaza Centers NV said Wednesday that it has extended the closing date for the sale of its 50% stake in a Indian land plot to December 20.The company, which is its a

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18 Oct 2018 12:37

Plaza Centers Agrees Reduction In Sale Price For India Plot

LONDON (Alliance News) - Real estate investor Plaza Centres NV said Thursday it agreed a reduction to the price payable for the sale of its 50% stake in a 74.7 acre land plot in Chennai, company

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17 Oct 2018 17:44

Plaza Centers Sells Land Plot In Romanian For EUR1.6 Million

LONDON (Alliance News) - Plaza Centers NV said Wednesday that it has signed a pre-agreement for the sale of a land plot in Miercurea Ciuc, Romania, for EUR1.6 million in installments.The is

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5 Jul 2018 12:36

Plaza Centers Signs Term Sheet For Sale Of Indian Land Plot

LONDON (Alliance News) - Real estate investor Plaza Centers NV said Thursday that its subsidiary Elbit Plaza India Real Estate Holdings Ltd has signed a term sheet with a buyer relating to the of

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16 May 2018 18:09

Plaza Centers Says Subsidiary Faces EUR2.9 Million Court Case Claim

LONDON (Alliance News) - Plaza Centers NV said Wednesday that its Greek subsidiary Helios Plaza AE has been hit by a legal claim filed by a third party.The claimant is claiming EUR2.9 and a

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22 Mar 2018 17:11

Plaza Centers Revises Purchase Price For Bangalore Property In India

LONDON (Alliance News) - Netherlands-based property developer Plaza Centers NV said on Thursday it has agreed to revise the purchase price for a property

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1 Feb 2017 08:25

Plaza To Distribute Funds To Bondholders After Suwalki Sale Completes

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17 Nov 2016 10:22

Plaza Centers Proposes Consent Fee In Bid To Amend Early Prepayments

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16 Nov 2016 15:43

Plaza Centers Considers Options On Bangalore Sale After Missed Payment

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30 Sep 2016 12:11

Plaza Centers Joint Venture Pens New Terms For Earlier Interest Sale

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15 Sep 2016 15:11

Plaza Centers Agrees To Sell Polish Plot For EUR810,000

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14 Jul 2016 15:04

Plaza Centers Sells Plot In Ploiesti, Romania, For EUR280,000

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7 Jul 2016 14:29

Brussels Arbiter Rules Plaza Centers Liable For EUR2.0 Million Claim

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