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Pin to quick picksPower Metal Share News (POW)

Share Price Information for Power Metal (POW)

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Share Price: 12.75
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Ask: 13.50
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TRADING UPDATES: Avation loss narrows; Franchise Brands profit rises

Thu, 03rd Mar 2022 19:32

(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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Avation PLC - Singapore-based commercial passenger aircraft leasing company - For the six months ended December 31, pretax loss narrows to USD15.9 million from USD60.5 million, due to a much lower impairment loss on aircraft and credit losses. Revenue drops 6% year-on-year to USD57.9 million from USD61.3 million. Avation's aircraft fleet stands at 42, however fleet assets declines 7.0% year-on-year to USD1.00 billion as at December 31 from USD1.08 billion at the end of June.

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Franchise Brands PLC - Manchester-based owner of ChipsAway, Willow Pumps and Metro Rod brands - For 2021, pretax profit rises 57% year-on-year to GBP5.8 million from GBP3.7 million the year before, on revenue which grows 17% year-on-year to GBP57.7 million from GBP49.3 million, with double digit sales from Metro Rod and Metro Plumb, as well as a strong recovery from the B2C division. Declares final dividend of 0.9 pence per share, bringing total payout to 1.5p, up 36% from 1.1p. Looking ahead, reports strong start to 2022, with continued sales growth in B2B.

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Poolbeg Pharma PLC - London-based pharmaceutical company - For the period from incorporation on March 19 to December 31, posts pretax loss of GBP2.3 million and no revenue as the company continues to develop its severe influenza treatment POLB 001.

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Crystal Amber Fund Ltd - Guernsey-based investment company - As at December 31, net asset value per share increases 11% year-on-year to 143.19 pence from 128.99p. For the six month period, delivered NAV negative return of 0.8%, compared to a 4.7% positive return from the Numis Small Cap Index.

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JPMorgan Global Growth & Income PLC - invests in companies around the world - As at December 31, net asset value per share increases 6.1% year-on-year to 459.1 pence from 432.3p, while for the six month period, NAV total return is 8.2%, compared to a 7.7% return from the MSCI AC World Index.

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t42 IoT Tracking Solutions PLC - Jersey-based provider of tracking, security and monitoring solutions for containers and freight - For 2021, operating loss widens to USD2.7 million from USD1.8 million, on revenue which declines 16% year-on-year to USD4.2 million from USD5.0 million due to supply chain issues and a performance turnaround only taking place near the end of 2021.

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Allergy Therapeutics PLC - Sussex-based biotechnology firm focused on allergy vaccines - For the six months ended December 31, pretax profit drops 54% to GBP7.3 million from GBP15.8 million a year before, due to a rise in costs and a 10% year-on-year decline in revenue to GBP48.7 million from GBP54.0 million, due to the strategic streamlining of older products. Looking ahead, company has a strong outlook for the full financial year with operating profit on track to meet consensus expectations.

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Power Metal Resources PLC - London-based metals exploration company focused in North America, Africa and Australia - For the year ended September 30, pretax loss narrows to GBP623,000 from GBP1.4 million the year before, due to smaller impairment charges, and a slight rise in revenue to GBP37,000 from GBP9,000

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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15 Feb 2024 14:00

IN BRIEF: Katoro Gold names Power Metal CEO as new chair

Katoro Gold PLC - London-based gold and nickel exploration and development company - Proposes hiring Sean Wade, chief executive officer of Power Metal Resources PLC, as non-executive chair. Katoro and Power Metal are joint venture partners on the Haneti Project in central Tanzania. Wade previously served in various senior mining roles including at Berkeley Energia PLC, Pensana PLC and Asia Resource Minerals PLC, and "has worked on numerous transactions in the capital markets". Former Chair Louis Coetzee will remain as executive director after Wade's appointment until a new director is appointed. He will then leave the board and company, but serve as a consultant to Katoro until July 31.

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7 Feb 2024 16:28

IN BRIEF: Power Metal celebrates start of drilling at Molopo Farms

Power Metal Resources PLC - exploration company focused on North America, Africa, and Australia - Confirms commencement of diamond drilling at Molopo Farms Complex Project in southwestern Botswana, where it is targeting a district-scale nickel and platinum group element discovery. Drilling targets a steeply-dipping high-priority conductor at target area T1-14 with depth of 700 to 800 metres. Company also recently completed ground audio-frequency magnetotelluric or AMT work at T1-14 and T1-9, aiming to further refine targeting at two locations along the multi-kilometre scale steeply-dipping conductor. Data allowed Power Metal to further refine targeting at T1-14 before starting drilling.

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6 Feb 2024 17:35

TRADING UPDATES: Power Metal firms Tati gold; Union Jack inks deal

(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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6 Feb 2024 16:34

Power Metal reports significant findings from Tati soil sampling

(Sharecast News) - Power Metal Resources updated the market on its wholly-owned Tati Gold Project on the Tati Greenstone Belt near Francistown, Botswana on Tuesday.

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1 Feb 2024 11:15

Power Metal Resources raises GBP1.3 million via strategic financing

(Alliance News) - Power Metal Resources PLC on Thursday said that it has raised GBP1.3 million in strategic financing through the issue of 130.0 million new shares at 1 pence each.

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31 Jan 2024 11:59

Power Metal Resources up as it mobilises for nickel drilling at Molobo

(Alliance News) - Shares in Power Metal Resources PLC jumped on Wednesday, after the company said it had contracted drillers for the "highest priority target" at its Botswana prospect.

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12 Jan 2024 10:43

Power Metal Resources shares surge on Saudi exploration deal

(Sharecast News) - Shares in Power Metal Resources, the AIM-listed metals exploration company, jumped by over a tenth on Friday after it received a memorandum of understanding (MoU) to explore "high value-added investment opportunities" in Saudi Arabia.

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12 Jan 2024 10:39

Power Metal Resources signs MoU with Saudi Arabian investment ministry

(Alliance News) - Power Metal Resources PLC on Friday said it signed a memorandum of understanding with the Ministry of Investment of Saudi Arabia.

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12 Jan 2024 10:29

AIM WINNERS & LOSERS: Power Metal explores opportunities in Saudi

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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18 Dec 2023 18:33

EARNINGS AND TRADING: Goldplat profit tumbles despite revenue jump

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

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14 Dec 2023 17:20

EARNINGS AND TRADING: abrdn Diversified Income to begin wind-down

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

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14 Dec 2023 16:41

Power Metal preparing for drilling at Molopo Farms

(Sharecast News) - Power Metal Resources updated the market on its Molopo Farms Complex Project in southwestern Botswana on Thursday, where it was pursuing a district-scale discovery of nickel and platinum group elements (PGE).

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6 Dec 2023 15:02

Power Metal preparing to drill test Molopo Farms target

(Sharecast News) - Power Metal Resources updated the market on its Molopo Farms Complex Project in southwestern Botswana on Wednesday, where it was aiming to make significant discoveries of nickel and platinum group elements (PGE) on a district scale.

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6 Dec 2023 11:25

IN BRIEF: Power Metal to drill T1-14 target in Molopo, Botswana

Power Metal Resources PLC - metals exploration company focused on North America, Africa, and Australia - Advances plans to drill target at T1-14 target in its Molopo Farms complex project in southwestern Botswana. It is currently negotiating a drill contract which it expects will commence in the first quarter of 2024. Chief Executive Officer Sean Wade says: "I am pleased to report further progress at Molopo, and we look forward to commencing the drilling of this high priority conductor. Molopo has been, and remains, one of our highest priority exploration opportunities, and one that we remain convinced has the potential to be a significant value driver for Power Metal."

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20 Nov 2023 17:58

TRADING UPDATES: Begbies to meet expectations; McBride shines

(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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