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Pin to quick picksRed Rock Resources Share News (RRR)

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TRADING UPDATES: Numis expects interim revenue rise; Dods profit swing

Tue, 30th Mar 2021 20:33

(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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Numis Corp PLC - London-headquartered stockbroker - For the six months ending March 31, expects to report revenue of GBP100 million, up from GBP63.1 million the same period the year before, as Investment Banking benefits from favourable market conditions, supporting an increase in IPOs and M&A activity, when compared to the prior period which was hurt by the pandemic. Equities also expected to deliver revenue growth on rises in execution commissions. Looks to second half with confidence.

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Dods Group PLC - business intelligence, media and technology resourcing - For the year ending March 31, adjusted earnings before interest, taxes, depreciation and amortisation is set to be at least GBP1.8 million, compared to loss of GBP200,000 in the first half. Dods Technology achieves double digit net income growth in second half compared to the first, due to increased spend from existing clients and new project wins. Also plans to seek approval for name change to Merit Group PLC, as well as simplify its share capital structure through a reorganisation.

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Good Energy Group PLC - Chippenham, England-based renewable electricity supplier and energy services provider - Maintains cash balance as at December 31 at GBP18.1 million, compared to GBP18.2 million as at June 30, while customer numbers remain stable since September.

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Pressure Technologies PLC - Sheffield, England-based specialist engineering for pressure containment and control - Trading for first half to date remains in line with management expectations, with the Chesterfield Special Cylinders prospering on a strong and diverse order book, while Precision Machined Components is pressured by a weak oil & gas market due to pandemic. However, order intake for March is set to reach highest levels since July 2020.

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Bank of Cyprus Holdings PLC - Cypriot banking firm - For 2020, pretax loss narrows to EUR166.9 million from EUR180.6 million the year before due to smaller interest expenses and staff costs, despite revenue declining to EUR765.1 million from EUR910.6 million, through drops in interest and fee & commission income. Gross loans on a proforma basis totalled EUR10.91 billion from EUR12.82 billion, while customer deposits dipped to EUR16.63 billion from EUR16.69 billion. Common equity tier 1 ratio stands at 15.2% from 14.8%.

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ADES International Holding PLC - MENA-focused drilling oil and gas wells company - For 2020, pretax profit drops to USD31.0 million from USD40.9 million the year before, on revenue which declined 5.4% year-on-year to USD452.1 million from USD477.8 million, driven by lower utilisation rates at 89% for 2020 from 97% in 2019. Meanwhile, net profit is down 30% at USD22.0 million from USD31.5 million. Enters 2021 with cautious optimism due to recovering oil prices, and early signs of recovery buoyed by the global vaccination campaign.

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Pantheon Resources PLC - AIM-quoted oil & gas exploration company - For the six months ended December 31, pretax loss widens to USD4.1 million from USD1.8 million the year before, due to higher administrative expenses and a one-off share option charge of USD1.6 million. During the period, completed a fundraising of USD30.1 million, and one January announced the spudding of Talitha A well, which has been drilled to a target depth of 10,456 feet. Looking ahead, Alaska has been refocused as the primary asset while East Texas has been formally discontinued.

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Silence Therapeutics PLC - novel RNA therapeutics developer with offices in London and Berlin - For 2020, pretax loss widens to GBP35.8 million from GBP22.7 million the prior year, as R&D costs rose to GBP20.2 million from GBP13.3 million in relation to company's SLN360 and SLN124 proprietary programmes. This was in spite of revenue jumping to GBP5.5 million from GBP244,000, driven by the partial recognition of milestone payments and recharges relating to the collaboration of Mallinckrodt, AstraZeneca PLC and Takeda Pharmaceutical Co Ltd, as well as royalty income from Alnylam Pharmaceuticals.

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Aura Energy Ltd - Australia-based minerals company -For the six months tended December 31, pretax loss widened to AUD1.7 million from AUD1.2 million the year before, due to higher expenses and a reduction in revenue to AUD30,452 from AUD256,542, due to a lack of activity from the Tiris project in Mauritania and the Haggan battery metals project in Sweden.

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Red Rock Resources PLC - gold explorer in Kenya and Australia, copper-cobalt in DRC - For six months ended December 31, posts loss of GBP430,000 compared to profit of GBP337,000, as administrative expenses rose to GBP472,000 from GBP282,000, as well as project development costs of GBP111,000, related to Zlata Bana and the Vector project in Congo.

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Logistics Development Group PLC - AIM-listed cash shell - For the year ended November 30, pretax loss narrows sharply to GBP7.9 million from GBP134.5 million the year before, due to exceptional costs of GBP128.8 million following an impairment of investments in subsidiaries and intercompany receivables.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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25 Jul 2022 14:34

IN BRIEF: Red Rock Resources issues GBP623,000 of convertible notes

Red Rock Resources PLC - London-based natural resource development company with interests in Africa and Australia - Issues GBP623,000 worth of convertible notes with accompanying warrants to high net worth investors. Says GBP367,000 of subscriptions for the notes were new subscriptions, and GBP256,000 were conversions of debt facilities. The notes are convertible into ordinary shares at a price of 0.6 pence each.

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6 Jul 2022 14:46

IN BRIEF: Power Metal and Red Rock buy Australian Berringa gold mine

Power Metal Resources PLC - London-based metals exploration company focused in North America, Africa and Australia - and Red Rock Resources PLC - London-based natural resource development company with interests in Africa and Australia - Acquires licence for the Berringa gold mine in Victoria, Australia via their subsidiary of their subsidiary Red Rock Australasia Pty Ltd.

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27 Jun 2022 18:14

IN BRIEF: Red Rock launches new cobalt joint-venture in Congo

Red Rock Resources PLC - London-based natural resource development company with interests in Africa and Australia - Announces new cobalt joint-venture in the Democratic Republic of Congo, with Societe d'Investissement Minier Akon et Sodimico SA, known as Simaks. Red Rock has acquired 58% of the Kimono cobalt-copper project in Haut Katanga province of the DRC, paying an initial amount of USD50,000. It will pay a further USD25,000 per quarter until USD400,000 is paid.

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13 Jun 2022 18:06

IN BRIEF: Red Rock notes potential for Mt Bute gold mineralisation

Red Rock Resources PLC - London-based natural resource development company with interests in Africa and Australia - Drilling results from hole MB22D001 at the Mt Bute prospect in Victoria, Australia, returning highly anomalous molybdenum and bismuth results, suggesting the possibility of intrusive gold mineralisation within the Victoria goldfields.

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8 Jun 2022 21:23

TRADING UPDATES: Altona Rare Earths positive on Monte Maumbe project

(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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24 May 2022 20:18

IN BRIEF: Power Metal-Red Rock joint venture secures Australia licence

Power Metal Resources PLC - metals exploration company focused in North America, Africa and Australia - Says joint-venture subsidiary New Ballarat Gold Corp, which is focused in the Victorian Goldfields of Australia, have been awarded three further exploration licences. These are EL007330, EL007294 and EL007507, bringing NBGC's combined footprint in the Victoria Goldfields to 1,832 kilometres. Licence also covers Ajax mine which historically produced 312,789 ounces of gold at an average grade of 14.8 grams per tonne in the 1920s. NBGC is a joint-venture held between Power Metal - at 49.9% - and its partner, London-listed Red Rock Resources PLC.

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6 May 2022 14:33

IN BRIEF: Investors gain 10% stake in Red Rock Resource subsidiary

Red Rock Resources PLC - natural resource development company with interests in Africa and Australia - Says an unnamed "group of high net worth investors" has acquired 10% of the company's 75% owned subsidiary African Lithium Resources Pvt Ltd for USD100,000. As a result, investors have an unspecified holding in the company's lithium interests. Consideration funds will be used in the development of African Lithium Resources' business, Red Rock explains.

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29 Apr 2022 19:34

TRADING UPDATES: Aurora Investment Trust beats annual benchmark

(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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12 Apr 2022 21:51

TRADING UPDATES: Gore Street fundraise; Pathfinder mulls disposal

(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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24 Mar 2022 15:58

UK shareholder meetings calendar - next 7 days

Friday 25 March 
Beazley PLCAGM
Coro Energy PLCGM re proposed bond restructuring
Europa Oil & Gas Holdings PLCGM re fundraise
Kitwave Group PLCAGM
Triad Group PLCGM re revised remuneration policy
Monday 28 March 
Congyar Investment Co PLCGM re share premium account cancellation
Go-Ahead Group PLCGM re accounts, remuneration, auditor
Jupiter Emerging & Frontier Income Trust PLCAGM
Tuesday 29 March 
Impax Asset Management Group PLCAGM
Tekmar Group PLCAGM
Wednesday 30 March 
Brunner Investment Trust PLCAGM
Mediazest PLCAGM
Micro Focus International PLCAGM
Parsley Box Group PLCGM re equity raise
Thursday 31 March 
Pressure Technologies PLCAGM
Red Rock Resources PLCAGM
Aukett Swanke Group PLCAGM
Various Eateries PLCAGM
Toople PLCAGM
BiVictriX Therapeutics PLCAGM
CloudCoCo Group PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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22 Mar 2022 21:00

TRADING UPDATES: Marlowe makes acquisition; Kavango backs out of 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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15 Feb 2022 22:16

TRADING UPDATES: Burford, Frenkel Topping expect contrasting results

(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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4 Feb 2022 21:26

TRADING UPDATES: Cadence adds to fundraise; Sylvania profit up

TRADING UPDATES: Cadence adds to fundraise; Sylvania profit up

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4 Feb 2022 10:03

Red Rock awaiting several drilling results in coming weeks

(Sharecast News) - Natural resource development company Red Rock Resources updated the market on its current projects and review of assets on Friday, noting that results were expected "imminently" from gold, copper and cobalt drill programmes in three countries.

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19 Jan 2022 14:53

IN BRIEF: Red Rock has second court victory against DRC partner

IN BRIEF: Red Rock has second court victory against DRC partner

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