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Pin to quick picksRc365 Holding Share News (RCGH)

Share Price Information for Rc365 Holding (RCGH)

London Stock Exchange
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Share Price: 3.20
Bid: 3.00
Ask: 3.40
Change: 0.00 (0.00%)
Spread: 0.40 (13.333%)
Open: 3.20
High: 3.20
Low: 3.00
Prev. Close: 3.20
RCGH Live PriceLast checked at -

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SMALL-CAP WINNERS & LOSERS: RC365 drops after exclusive rights deal

Fri, 01st Sep 2023 10:31

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

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SMALL-CAP - WINNERS

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PensionBee Group PLC, up 5.6% at 71.80 pence, 12-month range 45.51-115.00p. The online pension provider climbs on the back of its interim results, released Thursday. The company reported it had narrowed its pretax loss in the six months ended June 30 to GBP9.2 million from GBP16.9 million the year prior. Its revenue grew by 31% to GBP10.9 million from GBP8.3 million a year prior, driven by a 38% increase in assets under administration to GBP3.70 billion from GBP2.68 billion, as the number of customers with accounts that hold pension assets in Pensionbee plans grew by 33% to 211,000. Looking ahead, Pensionbee said it is confident in the potential for future growth. The company also reaffirmed its guidance of achieving long-term earnings before interest, tax, depreciation and amortisation margins of more than 50%, as well as achieving adjusted Ebitda profitability by the end of 2023.

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Triple Point Social Housing REIT PLC, up 2.2% at 57.94 pence, 12-month range 42.25-87.90p. The real estate investment trust completes the sale of four specialised supported housing properties for a total consideration of GBP7.6 million. Triple Point explains the consideration for the sale reflects a gain of GBP663,136, or 9.6%, against the purchase price and is in line with its portfolio's book value of around GBP7.9 million as at June 30.

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SMALL-CAP - LOSERS

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RC365 Holding PLC, down 8.6% at 70.40 pence, 12-month range 15.00-180.00p. The company signs an exclusive rights agreement with YouneeqAI Technical Services Inc. Under the deal, RC365 has the right to market, distribute and resell YouneeqAI'S platform to customer on an exclusive basis within the UK. The agreement follows the signing of a non-legally binding letter of intent in August for RC365 to acquire exclusive rights to YouneeqAI's intellectual property and platform in the UK. The consideration for the deal is the issue of 6.0 million shares. YouneeqAI will also receive 1% of any gross revenue generated from the use of the platform by RC365. RC365 is the holding company of Regal Crown Technology Ltd, a fintech solutions service provider in China and Hong Kong.

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Trident Royalties PLC, down 5.0% at 39.44 pence, 12-month range 35.15-60.44p. The mining royalty company notes that the General Directorate of Mines in Mexico issued a formal notice to Ganfeng Lithium Co Ltd's Mexican subsidiaries indicating that the nine lithium concessions that comprise the Sonora Lithium Project were cancelled. Notes Ganfeng believes the cancellation may result in an asset impairment loss. The Sonora project is a joint venture held equally by Trident and Marmottes Capital Ltd. Ganfeng is the operator of the project.

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By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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13 Jul 2023 14:26

RC365 Holding buys Hong Kong-focused Mr Meal for HKD2.0 million

(Alliance News) - RC365 Holding PLC on Thursday said that it has bought the entire issued share capital of Mr Meal Production Ltd, a company providing media and advertising services to Hong Kong companies.

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3 Jul 2023 14:12

IN BRIEF: RC365 Holding shares surge on deal with MasterCard issuer

RC365 Holding PLC - London-based company focusing on payment gateway solutions and IT support services - Says its Hong Kong subsidiary RCPAY Ltd, signs a BIN sponsorship and co-brander deal with Key Solution Venture Ltd. Key Solution is a licensed MasterCard Inc Worldwide issuer in Hong Kong. Says the deal will allow RCPAY's brand to be printed on a Mastercard credit card which can be issued to Hong Kong residents. RC365 says the credit cards will be marketed through RCPAY's existing business partnerships and by a series of marketing campaigns. Adds that the deal is for 5 years from the date on which the first card is issued.

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28 Jun 2023 11:09

RC365 hails subsidiary's custodian agreement with UniTrust Global

(Alliance News) - RC365 Holding PLC on Wednesday said that its Hong Kong subsidiary, RCPAY Ltd, has signed a custodian deed agreement with UniTrust Global Ltd to provide custodian accounts to its customers in Hong Kong.

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23 Jun 2023 09:21

RC365 subsidiary signs collaboration deal with Hatcher's APEC

(Alliance News) - RC365 Holding PLC on Friday said its subsidiary Regal Crown Technology Ltd has signed a collaboration deal with APEC Business Services Ltd.

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19 Jun 2023 13:51

RC365 shares surge as works towards agreement with Hatcher for AI

(Alliance News) - RC365 Holding PLC shares surged on Monday, after it confirmed that its subsidiary is working to finalise a legally binding contract with Hatcher Group Ltd.

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2 Jun 2023 08:02

IN BRIEF: RC365 Holding Chair Sunny Ng steps down, director promoted

RC365 Holding PLC - London-based company focusing on payment gateway solutions and IT support services - Kwai Wah 'Sunny' Ng steps down as non-executive chair from Friday and will leave board effective July 25. Non-Executive Director Robert Cairns is promoted to chair.

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1 Jun 2023 14:36

IN BRIEF: RC365 subsidiary signs agreement with Hatcher Group for AI

RC365 Holding PLC - London-based company focusing on payment gateway solutions & IT support and security services - Subsidiary Regal Crown Technology Ltd signs non-legally binding memorandum of understanding with Hatcher Group Ltd for artificial intelligence development. Says MoU will be valid for two years.

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21 Apr 2023 20:09

IN BRIEF: RC365 CEO's firm LYS buys GBP2.2 million in shares

RC365 Holding PLC - London-based company focusing on payment gateway solutions & IT support and security services - LYS Ltd, a company wholly owned by Chi Kit Law, chief executive officer, sells 11 million shares, at a price of 20 pence each, worth GBP2.2 million. LYS Ltd now holds 64 million shares, 50.98% of the issued share capital.

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14 Mar 2023 21:02

TRADING UPDATES: Silverwood instructs solicitors to liaise with Lush

(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 Mar 2023 17:26

TRADING UPDATES: RC365 signs deal with Wching; Woodbois raises cash

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

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14 Feb 2023 13:52

RC365 shares soar as signs algorithm-focused memorandum with Hatcher

(Alliance News) - RC365 Holding PLC on Tuesday said it signed a subscription agreement and memorandum of understanding with Hatcher Group Ltd, to collaborate on smart algorithm technology research.

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23 Dec 2022 14:52

EARNINGS SUMMARY: Cellular Goods and British Honey suffer widened loss

(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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