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Pin to quick picksRainbow Rare Earths Share News (RBW)

Share Price Information for Rainbow Rare Earths (RBW)

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Share Price: 12.50
Bid: 12.00
Ask: 13.00
Change: 0.05 (0.40%)
Spread: 1.00 (8.333%)
Open: 12.45
High: 12.75
Low: 12.45
Prev. Close: 12.45
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UK EARNINGS: PPHE struggles to recover 2019 levels; Foxtons revenue up

Thu, 28th Oct 2021 13:38

(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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PPHE Hotel Group Ltd - Amsterdam-based hotel owner and operator - Revenue for three months to September 30 surges to GBP75.7 million from last year's GBP31.2 million, but still 38% lower than 2019's GBP121.0 million. Occupancy increases to 54.3% in 2021, from 29.8% in 2020 but remains below 2019's 86.7%. Revenue per available room rises to GBP63.1 in 2021 from GBP28.8 in 2020, but still was about half of 2019's GBP116.3. In the nine months to September 30, revenue comes in at GBP101.4 million, up 9.0% year-on-year from GBP93.1 million, but down 63% on 2019's GBP276.3 million.

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Foxtons Group PLC - London-based estate agent - Revenue in nine months to September 30 rises 50% to GBP103.6 million from GBP68.9 million last year, and is 24% higher than 2019's GBP83.5 million. Lettings revenue is up 28% year-on-year to GBP58.0 million. Revenue more than doubles to GBP38.3 million. Mortgage broking revenue is up 25% year-on-year to GBP7.2 million."Foxtons has traded well during the first nine months of the year. In the third quarter we helped record numbers of tenants find suitable properties as many returned to pre-pandemic work or study arrangements. The sales business has had a strong year reflecting market share growth, increasing prices and transaction volumes which have been at their highest levels since 2016. We have good momentum going into the fourth quarter, with rents back to 2019 levels and an under offer sales pipeline that is significantly ahead of 2019 levels," says Chief Executive Officer Nic Budden.

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Rainbow Rare Earths Ltd - rare earth metals projects in South Africa and Burundi - Pretax loss for 12 months to June 30 widens to USD2.7 million from USD2.2 million a year ago. Revenue rises to USD639,000 from USD422,000. Administrative expenses rise to USD2.7 million from USD2.4 million. "This is a very exciting time for Rainbow as we drive forward with the development of Phalaborwa [in South Africa], and I look forward to updating shareholders on further developments as we continue to drive value through the business," says Chair Adonis Pouroulis.

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Predator Oil & Gas Holdings PLC - oil and gas operator in Trinidad, Morocco and Ireland - Posts pretax loss of GBP929,089 for six months to June 30, widening from GBP784,156 last year. Administrative expenses rise to GBP929,070 from GBP572,247. "It is inevitable that our industry will contract unless informed pragmatic and practical action is taken. At company level we are already, and have been for some time, implementing an energy transition strategy focussed on gas and CO2 sequestration," company says.

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HarbourVest Global Private Equity Ltd - Guernsey-incorporated private equity investor - Net asset value per share at July 31 rises 23% to USD44.11 from USD35.97 on January 31. "The six months to 31 July 2021 was an extraordinary period for HVPE. Despite the backdrop, HVPE delivered its strongest NAV per share growth in any interim period. This is testament to the strength of our investment manager, HarbourVest, and the HVPE business model, which offers shareholders broad, diverse exposure to private companies around the world," company says. Positive about the prospects going ahead. "We cannot expect HVPE's NAV per share growth to continue at its recent pace indefinitely, and should anticipate a degree of reversion to the longer-term trend," company adds.

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Intosol Holdings PLC - London-based luxury travel consultants - Pretax loss in first half of 2021 narrows to EUR699,000 from EUR714,000 a year ago. Revenue rises to EUR566,000 from EUR84,000. Cost of sales rise to EUR172,880 from EUR60,134. Says Covid-19 continues to hurt the company, adding that the duration of the impact of the pandemic "is unknown at this time".

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Frontier IP Group PLC - London-based intellectual property commercialisation company - Pretax profit for 12 months to June 30 comes in at GBP10.2 million, rising from GBP4.2 million. Revenue doubles to GBP12.7 million from GBP6.4 million. "The results and the pipeline of companies now scaling up and starting to achieve their commercial potential shows our innovative business model is delivering. We are confident Exscientia's successful IPO is a foretaste of future success. We have a built a strong platform for growth, and so we are confident about our prospects for the coming year and beyond," company says.

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By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
19 Apr 2024 09:03

IN BRIEF: Rainbow Rare Earths Chair Adonis Pouroulis ups stake to 14%

Rainbow Rare Earths Ltd - developing Phalaborwa rare earths project in South Africa and Uberaba project in Brazil - Non-Executive Chair Adonis Pouroulis buys 1.1 million shares at GBP0.098, worth GBP112,161, on Tuesday. The shares are purchased from Piran Resources Ltd, which is connected to Pouroulis and other Rainbow Rare Earths directors. Pouroulis now is interested in 89.5 million shares, a 14.2% stake.

Read more
16 Apr 2024 20:16

TRADING UPDATES: Nexteq confident of meeting full-year expectations

(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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28 Mar 2024 12:29

EARNINGS AND TRADING: Arbuthnot ups payout as profit more than doubles

(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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26 Feb 2024 14:12

IN BRIEF: Rainbow Rare Earths hails tonnage uplift at Phalaborwa

Rainbow Rare Earths Ltd - South Africa and east Africa-focused rare earth oxide producer - Celebrates as updated bulk density estimates for the Phalaborwa resource confirms an increase in overall expected tonnages of around 16%. The increased bulk density reported by Ardaman & Associates Inc showed an increase from 30.4 million tonnes to 35.1 million tonnes, extending the resource's operating life by over two years. Ardaman is the firm responsible for designing a new gypsum stack for the ongoing Phalaborwa definitive feasibility study.

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24 Jan 2024 09:11

LONDON BROKER RATINGS: UBS cuts BAT to 'neutral'; Barclays cuts Senior

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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11 Jan 2024 14:25

IN BRIEF: Rainbow Rare Earths starts rare earth oxide separation in US

Rainbow Rare Earths Ltd - South Africa and east Africa-focused rare earth oxide producer - Says rare earth oxide separation work commences in in Lakeland, Florida, and is achieving initial results as anticipated. Meanwhile, Phalaborwa pilot plant programme in South Africa is generating positive results in both South Africa and the US.

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9 Jan 2024 09:29

LONDON BROKER RATINGS: Berenberg cuts target prices for miners

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Wednesday:

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5 Dec 2023 17:54

TRADING UPDATES: Velocys agrees bid, Helical lets office to Sainsbury

(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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13 Nov 2023 15:48

UK shareholder meetings calendar - next 7 days

Tuesday 14 November 
Celsius Resources LtdAGM
Essentra PLCGM re movement of merger relief reserve
Financials Acquisition CorpEGM re LIU business combination
Fonix Mobile PLCAGM
Petra Diamonds LtdAGM
Smoove PLCGM re takeover by Pexa Group
t42 IoT Tracking Solutions PLCAGM
Wednesday 15 November 
Alternative Income REIT PLCAGM
Ascent Resources PLCGM re approval to issue 45 million shares
CQS Natural Resources Growth & Income PLCAGM
European Opportunities Trust PLCAGM
Hays PLCAGM
Henderson Eurotrust PLCAGM
Northern Bear PLCGM re tender offer
Reach PLCGM re proposed capital reduction
Synergia Energy LtdAGM
Zegona Communications PLCGM re acquisition agreement
Thursday 16 November 
Close Brothers Group PLCAGM
Craneware PLCAGM
Critical Mineral Resources PLCAGM
Dunelm Group PLCAGM
Eagle Eye Solutions Group PLCAGM
JD Wetherspoon PLCAGM
Kier Group PLCAGM
Marble Point Loan Financing LtdAGM
MJ Gleeson PLCAGM
Origin Enterprises PLCAGM
Ricardo PLCAGM
Smiths Group PLCAGM
Friday 17 November 
Future Metals NLAGM
Red Rock Resources PLCGM re allot equity securities
Rockpool Acquisitions PLCAGM
Saietta Group PLCGM re annual accounts and reappointment of auditors
US Solar Fund PLCGM re change of investment policy
Monday 20 November 
Hellenic Dynamics SAGM re share subdivision and share reclassification
McBride PLCAGM
Mountview Estates PLCGM re re-election of directors
Ondo InsurTech PLCAGM
Rainbow Rare Earths LtdAGM
Seraphim Space Investment Trust PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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9 Nov 2023 12:19

Berenberg lowers target price on Rainbow Rare Earths following TechMet deal

(Sharecast News) - Analysts at Berenberg lowered their target price on minerals exploration and production company Rainbow Rare Earths from 43.0p to 38.0p on Thursday but stated the group's $50.0m TechMet deal had de-risked its funding case.

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9 Nov 2023 09:43

LONDON BROKER RATINGS: M&S and Unilever raised but Asos cut

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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8 Nov 2023 11:04

Rainbow Rare Earths shares rise as TechMet signs option deal

(Alliance News) - Rainbow Rare Earths Ltd on Wednesday said it has signed a deal to give investor TechMet Ltd an option to invest USD50 million in its Phalaborwa project in South Africa.

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30 Oct 2023 11:17

Rainbow Rare Earths annual loss widens amid supply chain issues

(Alliance News) - Rainbow Rare Earths Ltd on Monday noted continued disruptions to supply chains as it reported a widened loss in its financial year.

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4 Oct 2023 14:33

Rainbow Rare Earths strikes deal with Nexus for gypsum by-product sale

(Alliance News) - Rainbow Rare Earths Ltd on Wednesday said it signed a letter of intent with Nexus Intertrade Pty Ltd under which Nexus will buy gypsum by-product from the Rainbow's Phalaborwa project in South Africa.

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27 Sep 2023 16:06

TRADING UPDATES: ECR Minerals submits exploration licence in Australia

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

Read more

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