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TRADING UPDATES: Tracsis profit jumps; Elixirr 2022 earnings improve

Mon, 03rd Apr 2023 15:03

(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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Elixirr International PLC - London-based consultancy - Revenue in 2022 rises 40% to GBP70.7 million from GBP50.6 million in 2021. Pretax profit improves 29% to GBP15.7 million from GBP12.2 million. "2022 proved Elixirr's consistent ability to perform from both a revenue and profit perspective. This year we continued to leverage, and further invest in, our four-pillar growth strategy, enabling us to deliver exceptional growth despite challenging market conditions," says Chief Executive Stephen Newton. Elixirr declares a final dividend of 10.8 pence per share, up sharply from 4.1p. Paid no interim dividends in either year. Hails "record" revenue in first three months of 2023. Lifts yearly expectations to revenue range of GBP85 million to GBP90 million, at best a 27% rise from 2022 levels.

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Tracsis PLC - traffic and transportation data services firm - Reports earnings increase for first half, ended January 31, and says it has made a "positive" start to the third quarter. Revenue in six months to January 31 rises 34% to GBP39.2 million from GBP29.2 million a year earlier. Pretax profit surges 76% to GBP2.3 million from GBP1.3 million. "I am pleased with the first half performance which was in line with our expectations," Chief Executive Officer Chris Barnes adds. "Our future opportunity pipeline is strong and the UK rail industry's transition to a new Great British Railways structure will continue to drive interest in product solutions that will deliver a data-driven, customer-focused, safety-critical future for the industry. Tracsis is well positioned to benefit from the digital transformation of the rail industry both in the UK and North American markets." Hails "positive" beginning to third quarter, with "high activity levels across the group". Proposes interim dividend of 1.0 pence per share, up 11% from 0.9p a year earlier.

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Gaming Realms PLC - developer and licensor of mobile-focused gaming content - Revenue in 2022 improves 27% to GBP18.7 million from GBP14.7 million. Pretax profit jumps to GBP3.5 million from GBP1.1 million. Company adds: "Gaming Realms continues to deliver on its strategy of becoming a leading supplier to the international iGaming market. In 2022, the group launched in 6 new markets, including Connecticut and Ontario in North America and continues to be strategically placed for new market openings in North America. Gaming Realms is also growing in its existing markets and partners, resulting in growth with a high margin. With 13 new partners already launched in 2023, together with 3 new Slingo games, the board is confident in the group's strategy and expectations as we look ahead at the rest of the current year."

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Red Rock Resources PLC - natural resource development company with assets in Australia and Africa - Reports no revenue in six months to December 31, unchanged on-year. Pretax loss slims to GBP1.3 million from GBP1.5 million.

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Downing Renewables & Infrastructure Trust PLC - investor in solar parks, wind farms and hydroelectric assets - Net asset value per share at December 31 year end increases 15% on-year to 118.6 pence, from 103.5p. Lifts yearly dividend by 43% to 5.0 pence per share from 3.5p. For 2023, it has a target dividend of 5.38p, which would represent a 7.6% increase from total payout for 2022. "We are very pleased to present DORE's annual results for its second year of operation. The investment manager has successfully continued its mandate of strategic diversification and growth, deploying GBP62.6 million in five new portfolio investments over the period, complemented by an equity raise of GBP52.9 million in June 2022, exceeding the target size," Chair Hugh Little says.

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JPMorgan Global Emerging Markets Income Trust PLC - invests in emerging market equities, with holdings including Taiwan Semiconductor Manufacturing Co Ltd, Samsung Electronics Co and NetEase Inc - Net asset value per share at January 31 half-year end rises 6.6% to 149.5 pence, from 140.3p at July 31. On-year, NAV per share falls 5.7% from 158.5p. Including dividends, total return on net assets was 9.0%, outperforming benchmark which returned 3.7%. "During the six-month review period, the most important, very positive development within emerging markets was the re-opening of China after a long period of very stringent Covid-19 restrictions. The timing of China's decision to re-open was somewhat of a surprise to markets, as the government had repeatedly reiterated its firm commitment to its zero-Covid-19 policy and showed no early signs of softening its stance, let alone lifting all restrictions," JPMorgan Global Emerging Markets says. Has so far this financial year declared two interim dividends of 1.0 pence each, unchanged on-year.

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S-Ventures PLC - investment firm focused on health and wellness sectors - Says working closely with auditors to finalise results for year ended September 30. Was unable to publish by Friday and shares have suspended. Results to be published by end of April, S-Ventures says.

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TomCo Energy PLC - oil development group operating in US - Did not publish results for year ended September 30 by Friday deadline. "However, the company's auditors have requested additional time beyond the originally planned timetable to complete their audit. While the audit process has yet to be concluded, the directors have been advised by their auditors that the audit is substantially complete and that there are no material audit issues causing this delay," TomCo says. Targets reporting results "as soon as the auditor completes their final processes", expected to be completed within "short period of time". Shares have been suspended from trading.

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By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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29 Apr 2024 19:45

IN BRIEF: Red Rock's consultant highlights potential of Bilbale field

Red Rock Resources PLC - resources development company focused on gold, base metals, battery metals, and hydrocarbons projects in Africa and Australia - Provides update on the Burkina Faso gold project at Bilbale. Following a site visit by the company's consultant a work programme has been suggested. Thinks Red Rock should embark on a detailed geo-structural mapping program of select areas and a quick-start program production testing alluvial and placer deposits employing specialist washing and concentration plants. Consultant thinks Bilbale holds significant potential that requires an aggressive program of value enhancement. "It is further my opinion that this permit can, if subjected to an appropriate exploration program, realize a significant Resource and Reserve in excess of 1 Moz over the next two years," consultant says. The chief executive and other senior personnel will be on site to oversee camp preparations from late next week, with a view to starting operations at scale from early June after arrival of personnel and equipment, Red Rock says.

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11 Apr 2024 09:14

Red Rock Resources raises GBP260,000 to fund Burkina Faso activities

(Alliance News) - Red Rock Resources PLC on Thursday said that it has raised GBP260,000 from a placing of 509.8 million shares at 0.051 pence each.

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5 Apr 2024 11:49

Red Rock reports progress in Burkina Faso, DRC

(Sharecast News) - Natural resources developer Red Rock Resources updated the market on two key areas on Friday, being the ongoing arbitration in the Democratic Republic of the Congo (DRC) related to the VUP copper-cobalt joint venture, and developments regarding its gold assets in Burkina Faso.

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2 Apr 2024 12:17

EARNINGS: AdvancedAdvT hails "good progress" after Capita deal

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

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6 Mar 2024 18:07

TRADING UPDATES: Audioboom extends partnerships; Ecora eyes growth

(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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27 Feb 2024 17:42

TRADING UPDATES: Windward extends LSEG pact; Vinanz eyes DTC trading

(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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14 Feb 2024 19:54

IN BRIEF: Red Rock awaits arbitration ruling; mulls ASX listing

Red Rock Resources PLC - Africa, South America and Australia-focused natural resource explorer and developer - Releases update in relation to the arbitration in the Democratic Republic of Congo with respect to the USD10 million claim the company is pursuing relating to the VUP copper-cobalt joint venture. Notes last Monday, a subsidiary received judgement for USD2.5 million while the results of an arbitration hearing in order to obtain USD7.5 million was pending. Red Rock says a draft of the arbitration award has been received and an update will be provided as soon as possible - perhaps by Friday. In Australia, work continues on two key local gold projects - Berringa Mine and Ajax Mine. Continues to discuss with its partner the best structure for going forward. Says sourcing capital to drill these tenements will be a priority in 2024 to bring one of these gold targets into JORC-compliant resource status. Listing Red Rock on the ASX is also being considered now to realise value for shareholders and provide the funds necessary to further advance the projects.

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9 Feb 2024 16:09

UK shareholder meetings calendar - next 7 days

Monday 12 February 
Arix Bioscience PLCGM re takeover by RTW Biotech Opportunities Ltd
JPMorgan UK Smaller Companies Investment Trust PLCGM re merger with JPMorgan UK Smaller Companies
Mears Group PLCGM re authority to buy back up to 10% of shares
Tuesday 13 February 
Cellular Goods PLCAGM
Iconic Labs PLCAGM
JPMorgan Indian Investment Trust PLCAGM
Tui AGAGM including London Stock Exchange delisting vote
Xtract Resources PLCGM re sale of Manica gold project to MMP
Wednesday 14 February 
GCP Infrastructure Investments LtdAGM
Gfinity PLCGM re annual report
Tertiary Minerals PLCAGM
Tritax EuroBox PLCAGM
Thursday 15 February 
JPMorgan Asia Growth & Income PLCAGM
Synergia Energy LtdGM re share placing
VVV Resources LtdAGM
Friday 16 February 
Irish Residential Properties REIT PLCEGM re removal of 5 of 9 directors
Location Sciences Group PLCGM concerning reverse takeover agreement
Red Rock Resources PLCAGM
UK Oil & Gas PLCGM re proposed capital reorganisation
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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2 Feb 2024 11:52

IN BRIEF: Red Rock brings in Vinanz chair to help enhance key assets

Red Rock Resources PLC - Africa, South America and Australia-focused natural resource explorer and developer - Hires David Lenigas as a strategic consultant as it "begins a new phase of growth". Lenigas is the executive chair of North America-focused oil and gas producer Pennpetro Energy PLC, and of British Virgin Islands-registered bitcoin miner Vinanz Ltd.

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24 Jan 2024 13:42

IN BRIEF: Red Rock notes draft arbitration for DRC subdsidiary

Red Rock Resources PLC- Africa, South America and Australia-focused natural resource exploration and development - Notes the receipt of a draft arbitration award in regard to its subsidiary in the Democratic Republic of Congo. Says Arbitration hearings and negotiations have been held in Kinshasa in order to obtain 50% of the USD15 million still to be paid. Says draft awaits signature and will provide an update "as soon as possible." Adds that geochemical testing of the Bilbale licence in Burkina Faso, and mapping of key zones has begun, with a view to semi-mechanised mining of alluvial areas and follow-up drilling of hard rock targets. Notes promising rock chip results from mapped areas at Bilbale, including 14.7 grams per tonne and 11.2 g/t of gold. A development team is arriving at the site in Bilbale.

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20 Dec 2023 14:35

IN BRIEF: Red Rock Resources awaits Elephant Oil listing in new year

Red Rock Resources PLC - Africa, South America and Australia-focused natural resource exploration and development - Pretax loss widens to GBP3.0 million in the financial year that ended June 30 from GBP2.8 million the year before. Red Rock generates no revenue. Administrative expenses increase to GBP1.4 million from GBP1.2 million. Finance costs more than double to GBP613,000 from GBP285,000.

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14 Dec 2023 11:06

Red Rock Resources raises GBP500,000 via placing to fund projects

(Alliance News) - Red Rock Resources PLC on Thursday said it raised GBP500,000 from a placing of new shares, which will be used towards developing projects.

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28 Nov 2023 17:18

TRADING UPDATES: First Class says Zigzag enthusiasm "vindicated"

(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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16 Nov 2023 04:30

TRADING UPDATES: Zephyr Energy sales fall in third quarter

(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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10 Nov 2023 15:57

UK shareholder meetings calendar - next 7 days

Monday 13 November 
Ironveld PLCGM re fundraising
Victoria PLCGM re annual accounts and Grant Thornton UK LLP re-appointment as auditors
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
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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