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TRADING UPDATES: Likewise optimistic; Brave Bison trading improves

Fri, 27th Jun 2025 19:37

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

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Likewise Group PLC - Birmingham, England-based floor coverings distributor - Says "positive sales trajectory" continues towards end of half-year. Total gross sales revenue in period to June 26 up 10% on-year. "With the greater sales volumes the group is now consistently achieving improved operational gearing each month resulting in higher levels of profitability. The group is well on course to achieve market forecasts for FY25," it adds.

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Brave Bison Group PLC - digital advertising and technology service provider - Underlying trading in first five months of 2025 in line with expectations. On Wednesday, it announced a GBP19 million deal to acquire The Mini Trading Co Ltd from Centaur Media PLC. The Mini holds the trade and assets of MiniMBA, a marketing skills and training platform. It is Brave Bison's fourth acquisition of the year. Centaur said Wednesday the deal "unlocks significant shareholder value and provides cash to the group for the benefit of all stakeholders". "On receipt of the net proceeds, the board intends to consult shareholders on the approach to return cash to shareholders," it added.

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Life Science REIT PLC - real estate investment trust focused on UK life sciences properties - Has let all 10,500 square feet of space at its Rolling Stock Yard asset in London to Wayve Technologies Ltd. Wayve signs a lease for just over five years. "As a result, Rolling Stock Yard is now fully let," Life Science says. Wayve is paying rent of GBP84.50 per square foot.

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Roquefort Therapeutics PLC - developing medicines in immunology and oncology sectors - Deadline to seal sale of Lyramid Pty Ltd subsidiary to Pleiades Pharma Ltd has been extended to end of August, from end of June. The initial sale and purchase pact, signed in February, said Pleiades would buy Lyramid for up to USD10.8 million. "Pleiades has advised that its fundraising with certain high-profile investors in the United Arab Emirates is advancing; however, due to the recent geopolitical events in the region they are experiencing some delays in closing the funding round and have requested a two month extension to allow additional time to close the funding," Roquefort says.

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Seeing Machines Ltd - Canberra-based designer of artificial intelligence powered operator monitoring systems - Begins six-week pilot for Guardian Generation 3 offering with a North American Mitsubishi Electric company. "Seeing Machines and Mitsubishi Electric Automotive America Inc first joined forces through a referral agreement, announced in February, to accelerate sales of Guardian Generation 3 in the Americas, leveraging MEAA's deep customer relationships in the region. The joint pursuit of business is already generating a steady pipeline of opportunities, and this first pilot with a US based Mitsubishi Electric company is a direct result of that agreement. It serves to demonstrate the incremental potential that the collaboration can bring to the direct sales effort by Seeing Machines," the firm says.

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Clean Power Hydrogen PLC - Doncaster, Yorkshire-based green hydrogen technology and manufacturing company - Submits manufacturing and design licence documentation to licensee Kenera. The licence pack allows Kenera to review final membrane-free electrolyser design packages and system assemblies, paving the way for building the first MFE electrolysers under an agreement. "CPH2 has granted Kenera a non-exclusive licence to sell and manufacture CPH2 products in Germany, Scotland, Azerbaijan, Denmark and Norway as well as an exclusive licence to sell and manufacture CPH2 products across the Middle East up to a maximum level of 2GW," Clean Power adds.

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Kavango Resources PLC - Botswana and Zimbabwe-focused precious metals exploration company - Begins construction of carbon in pulp gold processing plant at Bill's Luck gold mine at Hillside in Zimbabwe. "Kavango's geology and mining teams now anticipate that the Bill's Luck gold system is much larger than was originally appreciated. Since the company is already mining at Bill's Luck, the company is currently focused on growing production capacity at Hillside collectively in the short-term," Kavango adds. "The Bill's Luck CIP test plant is expected to boost the company's overall gold production within three months and be cash flow positive shortly after successful commissioning, when steady state nameplate throughput has been reliably achieved."

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Celsius Resources Ltd - developer of the Maalinao-Caigutan-Biyog copper-gold project in the Philippines - Affiliate Makilala Mining Co Inc begins on-site engineering activities for Maalinao-Caigutan-Biyog copper-gold project. "This marks a significant milestone as we advance towards completing the front-end engineering design and feasibility study update by around November this year," Celsius adds. "Celsius continues to advance discussions with interested parties with a view to finalising potential equity funding partners for the full funding of the MCB project mining operations as efficiently and quickly as possible. The company will keep shareholders updated on these matters, whilst the focus remains on maintaining capital discipline, safeguarding CLA's financial position, and securing long-term value through a prudent and structured funding strategy."

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Hamak Gold Ltd - gold exploration with licences in Liberia - Says due diligence being performed by First AU Ltd has been "satisfactorily completed". The work is in relation to a strategic partnership between the duo. The due diligence was at the Nimba gold project. "We are very pleased that the due diligence exercise on the Nimba project has been satisfactorily completed and we can now enter into the strategic joint venture with First Au Limited. FAU has successfully raised the funding to meet its expenditure commitments on the Nimba project and we are excited to commence drilling shortly," Hamak Executive Direcor Karl Smithson says.

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Ferro-Alloy Resources Ltd - developing Balasausqandiq vanadium deposit in southern Kazakhstan - Reports "successful laboratory testing" of a new carbon black substitute product by a major manufacturer and supplier of automotive rubber products to the Chinese car industry, opening "prospect of a valuable CBS revenue stream". "A 20 tonne sample of the new CBS product is being sent to the potential Chinese customer for industrial testing," it adds. "Potential changes to the CBS product specification, source ore and treatment process, which could materially improve the CBS aspects of the feasibility study, will be made over the course of the summer, deferring the projected issue date of the feasibility study to September 2025."

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Ascent Resources PLC - oil and gas exploration and production with principle assets in Slovenia - Says some wells in Utah resume output, and at initial rates which exceeds "prior expectations". The shut-in wells at Wolf Point in Utah were brought back into production by operator ARB Energy Utah LLC. "The wells are expected to remain in production and production rates are expected to stabilise over the next 30 days," Ascent says. The recorded initial 24-hour production rates were 126 barrels of oil equivalent per day.

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By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2025 Alliance News Ltd. All Rights Reserved.

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