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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: 11.875
Bid: 11.50
Ask: 12.25
Change: 0.00 (0.00%)
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UK TRADING UPDATE SUMMARY: Gym Group Fighting Fit With Fresh York Unit

Wed, 07th Oct 2020 18:20

(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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Gym Group PLC - operator of 183 gyms - Signs 15-year lease for new gym in York set to open in first-quarter of 2021. "Importantly, it has onsite car parking and fits The Gym Group's strict operational and financial criteria," company said. "It will create 12 jobs following the investment of approximately GBP1.4 million."

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Codemasters Group Holdings PLC - Warwickshire-based video game developer - Says trading "remained strong" in first half ended September 30. Expects revenue of GBP80.5 million from GBP39.8 million in year prior. Adjusted earnings before interest, tax, depreciation and amortisation tipped to jump annually to GBP21 million from GBP9.4 million. "Trading in H1 2021 benefitted from the launch of F1 2020, Fast & Furious Crossroads, Project CARS 3, and continued sales of the company's back catalogue of games - in particular F1 2019 and DiRT Rally 2.0," Codemasters.

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Gaming Realms PLC - mobile gaming content developer - Signs license agreement with NetEnt. Slingo games to be developed using NetEnt's intellectual property, starting with Slingo Starbust. "Under the terms of the agreement, Gaming Realms will have the right to license NetEnt's acclaimed slot brand, Starburst, to create a contemporary gaming experience that combines both Gaming Realms' popular Slingo genre and the iconic features of the Starburst slot game," Gaming Realms said.

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Audioboom Group PLC - podcast firm with offices in London, New York and Mumbai - Expands advertising sales operation to Canada by inking "strategic partnership" with Rogers Media, a unit of Rogers Communications, Canada's largest media business. Also reports new original content set to launch in Autumn.

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Mobile Streams PLC - mobile content and data intelligence company headquartered in London - Says its Streams insight platform to be launched as subscription service on October 14. Says platform will target UK and US market, which include 36 million small and medium-sized enterprises.

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Thruvision Group PLC - security system supplier - Reports "strong" second quarter ended September 30 and achieves first-ever breakeven interim earnings before interest, tax, deprecation and amortisation. Revenue during period inched lower to GBP4.7 million from GBP4.8 million, with gross margin steady at 48%.

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Ingenta PLC - Oxford-based publishing software developer - Agrees final terms with "major global publisher" on a multi-year contract for Ingenta's Vista as a Service platform. "The deal has been revenue-generating since April and is expected to generate revenue of up to GBP2 million over its initial three-year term, with the option to renew for a further two years at the client's discretion," Ingenta says.

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WANdisco PLC - data-management software company in Sheffield - Reports availability of public preview for its LiveData platform for Microsoft Corp's Azure. "Open public preview is a critical late stage phase of roll-out across Microsoft Azure ahead of a combined Microsoft and WANdisco go-to-market launch of the capability," WANdisco said. Expects to migrate more than 100 petabytes of data to Azure cloud in financial 2021.

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Argo Blockchain PLC - cryptocurrency miner based in the UK - Mines 127 bitcoin equivalent in September, compared to 166 in August. Year-to-date total at 2,128. "The lower number of coins mined in September compared to August can be attributed to the significant rise in mining difficulty throughout September," Argo said.

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Worsley Investors Ltd - investment firm - Closes placing programme with immediate effect. Says publication of annual report would otherwise trigger a supplementary prospectus being published.

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City of London Investment Group PLC - investment manager - Says funds under management at September 30, end of first-quarter, were USD5.9 billion, up 7.9% from USD5.5 billion at June 30 year end. To pay final dividend of 20 pence, bringing total payout to 30p, down 26% from 40.5p.

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Marwyn Value Investors Ltd - investment manager - Says master fund Marwyn Value Investors LP initial 74p per share in Safe Harbour Holdings PLC, GBP650,646 in total, in realisation proceeds. Says GBP836,757 to be returned to realisation shareholders and GBP163,889 to be distributed by Marwyn Value Investors LP.

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Mercia Asset Management PLC - regionally-focused asset manager - Portfolio company Warwick Acoustics Ltd secures GBP2.1 million of recent syndicated investment. Mercia provides GBP500,000 as part of investment. Warwick Acoustics, alongside University of Warwick, also secures GBP400,000 grant from Innovate UK.

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Merian Chrysalis Investment Co Ltd - London-based investor in later stage private companies - Raises GBP95 million in placing and PrimaryBid offer. "The board is pleased with the strong response to the Issue, with demand exceeding the initial target raise, which will enable the company's investment adviser to use equity funding in executing the investment in You & Mr Jones LLC," Merian said.

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Impax Asset Management Group PLC - sustainability-focused investor - Says assets under management at September 30 year end up 11% quarter-on-quarter to a record high of GBP20.2 billion, up 34% annually.

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Adamas Finance Asia Ltd - Asia-focused small business investor - Raises GBP2.0 million via open offer and placing. Reports GBP1.1 million of placement money delayed due to compliance checks in bank account of investor.

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Supermarket Income REIT PLC - UK-focused supermarket income trust - Raises GBP200 million in oversubscribed issue of 192.3 million shares at 104p each.

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Belvoir Group PLC - Lincolnshire, England-based property franchise group - Completes 100th deal under assisted acquisition programme. Says franchisee Mahomed Imtayas acquires Millenium Properties Ltd. "Since establishing the assisted acquisitions programme at the end of 2013, the Belvoir Group has now supported 100 acquisitions by its franchisees, with a total deal value of GBP25 million, boosting franchisee network revenue by GBP24 million," Belvoir said.

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Urban&Civic PLC - London-based property and land developer - Says realisation in year ended September 30 at 840 units, up from 665 units the year prior, despite lockdown. "Moreover, the trend remains upward: reservations in the fourth quarter from July to September were approximately 29% above pre lockdown levels in January through March. Reservation prices are at or above pre lockdown averages across all five sites," company says. "The board expects to resume the payment of dividends for the full year in the normal course. A decision as to quantum will await preparation of the full year accounts."

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President Energy PLC - independent oil and gas company focusing on Latin America - Well LB-1001 in Rio Negro, Argentina drilled on time and on budget. "The logging results are in line with the anticipated probable pre-drill estimates for reserves and production potential," President Energy adds.

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Ferro-Alloy Resources Ltd - vanadium mining and processing company operating in Kazakhstan - Reports 188 tonnes of vanadium pentoxide produced in nine months ended September 30, up 72% year-on-year. Posted record 90 tonnes in third quarter alone, more than doubled annually.

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Caledonia Mining Corp PLC - southern Africa-focused exploration and development company - Appoints renewable energy provider Voltalia as contractor for Blanket Mine in Zimbabwe.

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Amur Minerals Corp - Russian mineral exploration company - Receives first interest payment for quarter ended September 30 from investment in convertible loan note in Nathan River Resources Pte Ltd, owner of Roper Bar iron ore project, Australia.

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Trinity Exploration & Production PLC - Trinidad & Tobago focused oil exploration and production company - Notes proposed reforms in Trinidad & Tobago to encourage investment in energy sector. Measures include lifting supplemental petroleum tax to USD75 a barrel from USD50 a barrel. "The proposed Budget reform of the SPT regime is extremely positive for Trinity, and for all the smaller oil producers operating in Trinidad," Executive Chair Bruce Dingwall said.

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Rainbow Rare Earths Ltd - rare earth producer - Says trial mining at Gakara project, Burundi continuing to "strengthen". Says concentrate output improving to 59/9 tonnes per month from June to September, from 31.7 tonnes per months between October 2019 and May 2020. Plans increase to 100 tonnes per month.

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Bowleven PLC - oil & gas company - Says making good progress alongside joint-ventures at Etinde development, Cameroon. Partners reviewing commercial options in regards to gas offtake and final investment decision now expected in mid-2021 due to Covid-19 delays.

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Shanta Gold Ltd - East Africa-focused gold producer - Begins construction work at Singida gold project in Tanzania. Notes reserve-based mine plans give post-tax net present value, with 8% discount, of USD73 million. Average life of mine gold production of 32,000 ounces at costs of USD869 an ounce forecast.

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Jangada Mines PLC - natural resources company - Begins follow-up 2,000 metre drilling programme at Pitombeiras vanadium project, Brazil. "Programme is designed to upgrade the confidence of the current resource base as well as to expand its overall size," Jangada said.

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Vast Resources PLC - mining company - Recommences output at Baita Plai polymetallic mine in Romania. "Based on the success of the recommencement of mining activity, the company can confirm that it is on track to meet its October production and sales targets," Vast says.

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Altyn PLC - Kazakhstan-focused miner - Notes equipment such as Korfmann ventilators and Lupamat compressors in place at Sekisovskoye underground mine.

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Cambridge Cognition Holdings PLC - Cambridge-based neuroscience technology firm - Wins GBP750,000 two-year health contract to provide cognitive tests and electronic clinical outcome assessments for an Alzheimer's trial.

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Polarean Imaging PLC - medical imaging products developer - Submits new drug application to US Food & Drug Administration for hyperpolarised 129xenon gas used to assess pulmonary function and visualise lungs using an MRI scan.

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Yourgene Health PLC - molecular diagnostics firm - Awarded pact with St George's hospital, London, for non-invasive prenatal testing using its IONA Nx NIPT Workflow. "The contract, subject to signing by both parties, has been awarded after a competitive tender process and will extend Yourgene's existing partnership with St George's for a further three years, with testing volumes expected to increase over the contract period," Yourgene said.

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Nuformix PLC - pharmaceutical development firm - Places 23.2 million shares at 2.8p each, raising GBP650,000. Proceeds will help "strengthen group data packages for treating the effects of Covid-19" and "maximise opportunities for development pipeline especially lead asset, NXP002," Nuformix said.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
11 Sep 2023 14:28

Rainbow Rare Earths hails supply agreement with Less Common Metals

(Alliance News) - Rainbow Rare Earths Ltd on Monday said it entered into a strategic supply agreement with Less Common Metals Ltd, which manufactures and supplies complex allow systems and metals.

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7 Sep 2023 15:34

TRADING UPDATES: MP Evans acquires two Indonesian palm oil producers

(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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5 Sep 2023 12:25

Rainbow Rare Earths says South Africa plant produces first sulphate

(Alliance News) - Rainbow Rare Earths Ltd on Tuesday said that the front end of the Phalaborwa pilot plant in South Africa has successfully produced its first batch of mixed rare earth sulphate.

Read more
2 Aug 2023 11:00

World battles to loosen China's grip on vital rare earths for clean energy transition

Aug 2 (Reuters) - Refining rare earths for the green energy transition is hard. Just ask MP Materials and Lynas.

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17 Jul 2023 11:33

IN BRIEF: Rainbow Rare Earths shares up on Mosaic collaboration

Rainbow Rare Earths Ltd - South Africa and east Africa-focused rare earth oxide producer - Signs a memorandum of understanding with The Mosaic Company for the extraction of rare earth elements from Mosaic's phosphogypsum stack in the Uberaba area of Minas Gerais in Brazil. Says it will develop a process flow sheet and conduct a preliminary economic assessment alongside Mosaic related to the aforementioned extraction. Mosaic is a Bristol, England-based producer of concentrated phosphate and potash.

Read more
28 Jun 2023 14:23

Berenberg sees "meaningful" share price upside for Rainbow Rare Earths

(Alliance News) - Rainbow Rare Earths Ltd on Wednesday said it signed a deal with Bosveld Phosphates Ltd permitting the 100% ownership of the Phalaborwa project in South Africa.

Read more
28 Jun 2023 10:52

IN BRIEF: Rainbow Rare Earths signs deal for Phalaborwa ownership

Rainbow Rare Earths Ltd - South Africa and east Africa-focused producer of rare earth oxides - Signs a deal with Bosveld Phosphates Ltd, permitting 100% ownership of the Phalaborwa Project in South Africa. Rainbow says it will get an immediate 85% interest in the unincorporated joint venture that holds the rights to Phalaborwa, with Bosveld holding the remaining 15%. Says it will pay Bosveld USD5.0 million in cash in July under the terms of the deal. Additionally, Rainbow says under the deal, it is being granted a call option to buy the remaining 15% of the JV owned by Bosveld, in return for USD7.0 million of equity in Rainbow. This could happen at any time from October 31 to December 31, 2025. Says shares issued according to the call option will be subject to a 24-month lock-up.

Read more
28 Jun 2023 09:06

LONDON BROKER RATINGS: Admiral on JPMorgan 'negative catalyst watch'

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

Read more
6 Jun 2023 14:53

IN BRIEF: Rainbow Rare Earths continues work at Phalabowa project

Rainbow Rare Earths Ltd - South Africa and east Africa-focused producer of rare earth oxides - Says the front end of the pilot plant for its Phalaborwa project in South Africa has started operations. Adds it is on-track to produce the first high-value mixed rare earth sulphate in the third quarter of the year. The back end of the pilot plant is "well advanced" in terms of its construction, RRE says, with commissioning due in the third quarter of 2023. Says it is exploring the option to permanently establish its back-end process in the US.

Read more
15 May 2023 09:35

LONDON BROKER RATINGS: Citigroup raises Flutter Entertainment to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday afternoon:

Read more
9 May 2023 14:45

TRADING UPDATES: Rainbow Rare Earths raises GBP7.5 million in placing

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

Read more
31 Mar 2023 18:49

EARNINGS UPDATES: Mila narrows loss; Pantheon collects revenue

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

Read more
20 Mar 2023 08:53

Rainbow Resources touts progress according to plan at Phalaborwa plant

(Alliance News) - Rainbow Rare Earths Ltd on Monday said that development work is progressing according to plan at its pilot plant in South Africa, as it looks to start operations later this year.

Read more
23 Jan 2023 09:41

LONDON BROKER RATINGS: Jefferies cuts Berkeley; HSBC cuts St James's

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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24 Nov 2022 12:36

Berenberg initiates coverage on Rainbow Rare Earths at 'buy'

(Sharecast News) - Analysts at Berenberg initiated coverage of Rainbow Rare Earths with a 'buy' recommendation and a 33.0p price target on Thursday, implying a whopping 228% upside.

Read more

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