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Share Price Information for Power Metal (POW)

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Share Price: 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.

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26 Aug 2022 14:37

IN BRIEF: Power Metal Resources subsidiary completes surveys in Nevada

Power Metal Resources Ltd - metals exploration company focused on North America, Africa and Australia - Announces completion of high-resolution soil geochemical survey over Garfield project in Nevada via its 83% owned subsidiary Golden Metal Resources Ltd. Says 453 soil samples were collected and delivered to an ALS Ltd assay laboratory in Reno, Nevada. Targets drilling for copper-gold-silver mineralisation once results arrive. Further, Golden Metal completes 3D induced polarisation geophysics survey over the Pilot Mountain project in Nevada. Once results are available, aims to drill for tungsten, copper, silver and zinc resources.

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23 Aug 2022 11:36

Power Metal jumps on Molopo Farms drilling plans

(Sharecast News) - Exploration company Power Metal Resources updated the market on the Molopo Farms Complex project on Tuesday, which is targeting a large-scale nickel-copper-platinum group element discovery in southwestern Botswana.

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23 Aug 2022 11:28

IN BRIEF: Power Metal Resource up as preparations at Molopo advance

Power Metal Resources PLC - London-based metals exploration company focused on North America, Africa and Australia - Says the preparations for its first managed and operated diamond drill programme at the Molopo Farms project in Botswana are progressing "at pace." Expects to announce the date for the start of drilling shortly. Plans to target the core of the conductor south of K1-6, with multiple drillholes planned of varying positions. Says precision drill hole targeting work at K1-6 is underway.

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23 Aug 2022 10:59

AIM WINNERS & LOSERS: Alba Mineral rises on Clogau ownership deal

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

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22 Aug 2022 17:43

IN BRIEF: Power Metal begins drilling at Tati Gold project in Botswana

Power Metal Resources PLC - London-based metals exploration company focused in North America, Africa and Australia - Begins reverse circulation drilling at its 100% owned Tati Gold project in Botswana. The drill is targeting near-surface high-grade gold mineralisation. 500 metres of drilling is planned within nine holes. It is expected to take one week to complete. Company also waits laboratory assay result from sampling of fines dumps from its Cherished Hope gold mine.

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16 Aug 2022 17:03

LONDON MARKET CLOSE: FTSE 100 climbs into green on back of miners

(Alliance News) - Stocks in London ended Tuesday in the green, with mining heavyweights pushing the blue chips higher after peer BHP assuaged fears over potentially weakened demand.

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16 Aug 2022 11:31

IN BRIEF: Power Metals shares jump on magnetic conductor discovery

Power Metal Resources PLC - London-based metals exploration company focused in North America, Africa and Australia - Completes two ground-based eletromagnetic geophysics surveys at its Molopo Farms Complex project in Botswana. Preliminary results highlight a large shallow dipping magnetic conductor at drillhole K1-6. A planned diamond drill programme's start date has now been brought forward. It will now focus on testing the central and stronger part of this magnetic conductor.

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10 Aug 2022 17:58

IN BRIEF: Power Metal begins phase one programme at Athabasca Basin

Power Metal Resources PLC - London-based metals exploration company focused in North America, Africa and Australia - Says phase one work programme now underway at Clearwater, Tait Hill and Thibault Lake properties at Athabasca Basin, Saskatchewan, Canada. Phase II programme is under preparation for Soaring Bay property. At Thibault Lake, exploration team are prioritising initial follow-up work after 2021 mapping and sampling programme return uranium samples assays of up to 3.86% uranium oxide. Says the programme will use handheld gamma-ray field spectrometer for real time radiometric analysis and mapping, with laboratory assays to include tests for uranium, rare earth elements, transition metals and precious/base metals.

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8 Aug 2022 11:54

IN BRIEF: Power Metal Resources sells Reitenbach to Teathers Financial

Power Metal Resources PLC - London-based metals exploration company focused in North America, Africa and Australia - Agrees to sell its 100%-owned Reitenbach uranium property, in the Athabasca Basin in northern Saskatchewan, Canada, to Teathers Financial PLC for GBP360,000 in new shares and GBP10,000 cash. Power Metal will receive 98.7 million shares at 0.35 pence each. Firm notes its subsidiary Power Sask will retain 2% a net smelter return royalty for the project. Says the subsidiary still holds 9 uranium properties after Reitenbach sale.

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5 Aug 2022 14:58

TRADING UPDATES: 4D Pharma warns of wind-up; Star Phoenix files claim

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

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1 Aug 2022 15:42

IN BRIEF: Power Metal and Red Rock assess historical Ajax mines

Power Metal Resources PLC - London-based metals exploration company focused in North America, Africa and Australia - and Red Rock Resources PLC - London-based natural resource development company with interests in Africa and Australia - Joint venture New Ballarat Gold Corp completes assessment of licence in Victoria Goldfields containing the historic Ajax mines, which confirms initial historical target of 254,318 tonnes to 1.42 million tonnes at a grade range of 6.4 grams per tonne to 18.7 g/t.

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29 Jul 2022 21:20

TRADING UPDATES: No Playtech Caliplay SPAC deal; SigmaRoc sales up

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

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29 Jul 2022 20:40

Power Metal watches with interest as investee First Class floats

(Alliance News) - First Class Metals PLC shares inched higher on its stock market debut in London on Friday.

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27 Jul 2022 20:32

TRADING UPDATES: Skillcast expects revenue rise; Cap-XX solves dispute

(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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26 Jul 2022 15:03

IN BRIEF: Power Metal buys three new uranium properties in Canada

Power Metal Resources PLC - London-based metals exploration company focused in North America, Africa and Australia - Buys three uranium properties covering 271 square kilometres surrounding the Athabasca Basin in northern Saskatchewan, Canada, for a total of CAD137,500, equivalent of GBP88,872. Says the acquisition brings the total of the company's uranium interests to ten properties, encompassing 721 square kilometres.

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