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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: 14.50
Bid: 14.00
Ask: 15.00
Change: 1.00 (7.41%)
Spread: 1.00 (7.143%)
Open: 13.50
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Low: 13.50
Prev. Close: 13.50
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TRADING UPDATES: Rotala buys buses; Aukett Swanke sells John R Harris

Fri, 29th Apr 2022 21:39

(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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Rotala PLC - bus operations at Heathrow airport and in West Midlands and North West - Acquires entire bus business and 20-strong fleet of Johnsons (Henley) Ltd for GBP936,000 in cash payable on completion. The business being acquired is a well-established operator of commercial and contracted bus services in Warwickshire and the southern West Midlands. The acquisition is expected to be earnings enhancing from completion, it says.

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SmartSpace Software PLC - Suffolk, England-based software company - Launches SwipedOn's software-as-a-service visitor management platform, in South Korea. SwipedOn currently has clients in 8000 locations and over 70 countries.

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Gulf Marine Services PLC - United Arab Emirates-based lift boat company - Wins 2-year contract for one of its K class smaller vessels, with an unnamed national oil company client in the MENA region. The contract will commence in May 2022 and brings total secured utilization for the year to 88%.

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Pembridge Resources PLC - London-based copper-focused mining company - For 2021, swings to a pretax profit USD20.6 million from loss USD11.2 million in 2020.

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MP Evans Group PLC - producer of sustainable Indonesian palm oil - Notes the Indonesian government's temporary ban on the export of palm oil. MP Evans says ban on exporting both crude palm oil and refined products, which came into effect on Thursday, was intended to protect domestic supply. It says local demand for palm oil was expected to increase "significantly" over the Lebaran festival period, celebrated over the next seven to 10 days. "Management continues to monitor the situation closely, and awaits clarity from the Indonesian government regarding the length of the export ban and extent of its impact on the domestic market.

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Prospex Energy PLC - investment company focused on European gas and power projects - Says El Romeral power plant in southern Spain continues to provide healthy income from selling electricity into the spot market in Spain at near record price levels. Company holds a 50% working interest in El Romeral through its interest in Tarba EnergĂ­a SL. Tarba has now repaid in full its two shareholders, Prospex and Warrego Energy, a total of EUR308,669.97 including interest. Prospex received EUR153,698.64. After the loan repayment, Tarba holds more than EUR600,000 in cash.

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San Leon Energy PLC - independent oil and gas production, development and exploration company focused on Nigeria - Presses ahead with proposed reorganisation and consolidation of the Midwestern Leon Petroleum Ltd vehicle which holds a stake in the OML 18 oil assets in Nigeria. Says that OML 18 is a "world class" oil and gas asset and plans to further enhance involvement in this asset, via the transaction, have the potential to be "very significant". It expects to publish an admission document in relation to transaction in June.

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Gulf Investment Fund PLC - invests in companies in Gulf Cooperation Council countries - Says that all assets in the tender pool have been sold. Final tender offer asset value was USD11.3 million giving a tender price of USD2.1639.

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Aukett Swanke Group PLC - London-based architect - Says it is to sell John R Harris & Partners, which operates out of the Middle East, to its local management team for a maximum consideration for maximum of GBP1.1 million. Says the sale is part of a series of intended actions to restructure the group's operations and to allow the John R Harris business to fulfil its potential without the burden of a central overhead.

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Clean Power Hydrogen PLC - UK-based green hydrogen technology and manufacturing company - Says it is experiencing delays in its MFE220 unit. Says delays caused by supplier issues as a result of the Covid-19 pandemic and the current economic environment, which in turn have impacted the planned commissioning schedule. Further, it says there are a number of processes, including engineering modifications, that have taken longer than expected to finalise. However, says none of these concern the overall viability of the design and expects to overcome these matters in the next few months. "We remain on course to deliver our aims, targeting 4GW production capacity by 2030, and are certain of our ability deliver on the opportunities ahead." says Chief Executive Officer Jon Duffy.

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Baron Oil PLC - oil and gas exploration company with assets in the UK, Peru and Timor-Leste - Says it has conditionally raised GBP1.7 million before expenses through an oversubscribed placing and subscription. Issues 2.8 billion shares at a price of 0.06 pence a share, which was a 14% discount to its closing price of 0.07 pence on Thursday.

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Kavango Resources PLC - mining company focused in Botswana - Confirms the completion of the first diamond drill hole at the Ditau Camp project, Botswana, hole DITDD003 which it holds with Power Metal Resources PLC. The hole was completed to a total depth of 300.14 metres, which the company's technical team believes has tested the geophysical target at this specific location.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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TRADING UPDATES: BATM Advanced ink USD2.3 million orders

(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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26 Mar 2024 14:02

Power Metal Resources shareholders back share consolidation

(Alliance News) - Power Metal Resources PLC on Tuesday announced a proposed share consolidation has been approved by shareholders.

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25 Mar 2024 20:33

Power Metal Resources considers options for Uranium Energy IPO

(Alliance News) - Power Metal Resources PLC on Monday updated on the planned initial public offering of a number of its uranium interests using Uranium Energy Exploration PLC as a vehicle to achieve an admission to AIM.

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19 Mar 2024 15:53

UK shareholder meetings calendar - next 7 days

Wednesday 20 March 
abrdn Property Income Trust LtdGM re merger with Custodian Property Income REIT PLC
BSF Enterprise PLCAGM
CEPS PLCGM re capital reduction
MTI Wireless Edge LtdAGM & EGM re appointing Hani Lerman as external director
Thursday 21 March 
Athelney Trust PLCAGM
LungLife AI IncSpecial meeting re placing and subscription
Pressure Technologies PLCAGM
Friday 22 March 
Kitwave Group PLCAGM
Triple Point Energy Transition PLCGM re managed wind-down
URU Metals LtdAGM
Monday 25 March 
Digital 9 Infrastructure PLCGM re managed wind-down
Hardide PLCAGM
Sondrel Holdings PLCGM re convertible loan agreement and proposed fundraise
Tuesday 26 March 
Becket Invest PLCAGM
Power Metal Resources PLCAGM
Power Metal Resources PLCGM re share consolidation
Riverstone Energy LtdEGM re proposed tender offer
Titon Holdings PLCAGM
Tribe Technology PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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13 Mar 2024 18:18

TRADING UPDATES: Redrock acquires remainder of Australian subsidiary

(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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12 Mar 2024 17:41

EARNINGS AND TRADING: Ariana strikes gold; Union Jack adds royalties

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

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12 Mar 2024 12:52

Power Metal driving Power Arabia subsidiary towards London listing

(Sharecast News) - Power Metal Resources updated the market on the progress of its wholly-owned subsidiary Power Arabia on Tuesday.

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29 Feb 2024 18:52

EARNINGS AND TRADING: Frontier IP sells last of Exscientia holding

(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 Feb 2024 14:01

Power Metal Resources agrees to buy 75pc of GSAe

(Sharecast News) - Power Metal Resources announced an agreement with GSA Environmental (GSAe), on Thursday, under which it would acquire 75% of GSAe's entire issued share capital under binding heads of terms.

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29 Feb 2024 13:11

Katoro formally appoints Power Metal CEO as new non-executive chair

(Alliance News) - Katoro Gold PLC on Thursday appointed Sean Wade as non-executive chair with immediate effect

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21 Feb 2024 14:29

Power Metal full-year revenue more than doubles; loss narrows

(Alliance News) - Power Metal Resources PLC on Wednesday reported that full-year revenue more than doubled, and its loss narrowed.

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15 Feb 2024 16:02

TRADING UPDATES: Diversified Energy offers dividend alternative

(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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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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