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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
Bid: 12.00
Ask: 13.50
Change: 0.00 (0.00%)
Spread: 1.50 (12.50%)
Open: 12.75
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Low: 12.75
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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.

More News
8 Sep 2023 09:05

Power Metal shares up on potentially "significant" Perch River find

(Alliance News) - Power Metal Resources PLC on Friday said it has discovered a significant helium anomaly at its fully owned Perch River uranium project in the Athabasca Basin, Saskatchewan, Canada.

Read more
10 Aug 2023 14:38

TRADING UPDATES: Aterian granted 10 exploration licences in Morocco

(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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24 Jul 2023 13:34

IN BRIEF: Power Metal Resources applies for US OTC market listing

Power Metal Resources PLC - Metals exploration company focused on North America, Africa, and Australia - Says it intends to apply for a listing on the US OTC market to provide easier trading accessibility to US investors. Says exploration is underway at its Athabasca uranium interest in Saskatchewan, Canada and the Tati goldfields project in Botswana. Also notes its equity at June 30 was GBP15.5 million, up 52% from GBP10.2 million at September 30. Gross assets in the same period grew by 48% to GBP15.8 million from GBP10.7 million.

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12 Jul 2023 12:10

Power Metal Resources agrees early completion of Authier North earn-in

(Alliance News) - Power Metal Resources PLC on Wednesday said it has negotiated early completion of the Authier North earn-in to a 100% interest.

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12 Jul 2023 10:40

Power Metal completes Authier North earn-in early

(Sharecast News) - Power Metal Resources announced the early completion of the Authier North lithium project earn-in on Wednesday, securing a 100% interest in the project.

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4 Jul 2023 16:42

TRADING UPDATES: Voyager Life pulls out of Polish deal with Goodbody

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

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30 Jun 2023 14:28

Power Metal Resources interim loss narrows on lower costs

(Alliance News) - Power Metal Resources PLC on Friday said its first-half loss narrowed on lower costs.

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29 Jun 2023 18:56

TRADING UPDATES: abrdn New India, Chelverton UK net assets fall

(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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29 Jun 2023 17:59

TRADING UPDATES: Vertu Motors "optimistic"; Atrato in Ovo Energy deal

(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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21 Jun 2023 13:50

IN BRIEF: Power Metal plans largest uranium exploration programme

Power Metal Resources PLC - Metals exploration company, focused on North America, Africa, and Australia - Completes planning for its largest ever uranium focused exploration programme across its uranium portfolio, which includes work on at least 10 of the 17 properties. Says that it has acquired the Perch River uranium project, which covers a 9.41 kilometre area, and entirely within the prolific Athabasca Basin, Canada. Power Metals will carry out the exploration programme in conjunction with various different Canada-based geophysical and field contractors.

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20 Jun 2023 14:12

UPDATE: Golden Metal finds further targets at Pilot Mountain project

Golden Metal Resources PLC - Nevada, US-focused tungsten, gold, copper, silver and zinc exploration company - Says initial results from the Pilot Mountain project, located within the Walker Lake Mineral Belt in Nevada confirm the presence of three significant exploration targets. Says the Porphyry South target represents the most compelling porphyry deposit target identified to date at the project.

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6 Jun 2023 19:37

TRADING UPDATES: Woodbois strikes repayment deal with Sydbank

(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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30 May 2023 19:47

IN BRIEF: Power Metal Resources updates on gold project in Botswana

Power Metal Resources PLC - metals exploration company, focused on North America, Africa and Australia - Announces exploration update from its 100% owned Tati Gold Project located on the Tati Greenstone Belt near Francistown, Botswana. Says ground geophysics and trenching have been completed although a longer than usual rainy season led to the delay in the commencement of the planned infill soil geochemical sampling programme. Adds detailed geological mapping of the recently completed trenches has confirmed the geological setting in the Cherished Hope Mine area which is highlighted by gold mineralisation which is concentrated within quartz reefs. Notes analysis of ground magnetic geophysics results have highlighted the location of multiple post-mineralisation dolerite dykes which are known to persist throughout much of the TGB. Next exploration steps will be finalised and communicated to the market.

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22 May 2023 16:10

TRADING UPDATES: Catenae hails court; Golden Metals likes copper find

(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
9 May 2023 18:32

Power Metal raises GBP2.7 million through placing of shares

(Alliance News) - Power Metal Resources PLC on Tuesday said it raised GBP2.7 million via a placing of its shares.

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