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Share Price: 27.20
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UK TRADING UPDATE SUMMARY: Naked Wines, Distil Get Bar-Closure Boost

Thu, 09th Apr 2020 14:54

(Alliance News) - The following is a round-up of updates by London-listed companies on the impact of the Covid-19 pandemic, issued on Thursday and not separately reported by Alliance News:

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Naked Wines PLC - wine retailer - Sales boosted since social restriction measures introduced, particularly in US. Expects revenue in year ended March to be in excess of GBP200 million, ahead of market consensus of GBP198.9 million.

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Distil PLC - premium rum, gin and vodka brands - Volumes up 80% and revenue up 97% in January to March, Distil's financial fourth quarter. Expects full-year performance to be in line with market expectations. Seeing sales boost from consumers stocking up on alcohol during Covid-19 lockdowns but too early to forecast market trends over next six months.

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Volvere PLC - Shire Foods frozen pastry - Expects to report revenue from continuing operations of GBP23 million for 2019, up from GBP18.3 million in 2018, and breakeven from the same at the pretax level, unchanged from the underlying result in 2018. As a food maker, Shire has "an important part to play during the current Covid-19 pandemic". Uplift in sales to retail customers in first quarter of 2020, but downturn in orders from foodservice customers, so "too early to say whether this will be sustained and ultimately translate into higher sales for the group for the year overall".

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Warpaint London PLC - cosmetics - Reports "substantial reduction" in sales due to lockdown measures forcing retail outlets to close, but operating online. Furloughs 84 out of 115 UK staff, about 73% and suspends marketing spend. Won't recommend final dividend for 2019.

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DP Aircraft I Ltd - aircraft leasing - Says Thai Airways has asked for temporary relief on its lease payment obligations. Has begun discussions about this. Says Thai remains fully committed to its obligations and has made all payments due to date. DP Aircraft I will speak to its lending banks about the situation as well.

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Cora Gold Ltd - miner - Suspended drill programme at Foulbe permit, Senegal, following government advice. Says field work continues in Sanankoro project, Mali.

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Resolute Mining Ltd - gold miner - Donates USD1 million to African governments to support Covid-19 response.

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Anglo Pacific Group PLC - natural resources - Says travel curbs mean annual general meeting pushed back to May 27. Final dividend of 4.125 pence to be paid later as a result.

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Eurasia Mining PLC - gold producer - Aiming to keep cash position at GBP600,000 to ensure it does not to use credit line, even if Covid-19 disrupts trading. Shares remain suspended pending clarification of relationship with CITIC Group Corp Ltd.

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Dukemount Capital PLC - property firm - Says West Derby project still on track for August completion, despite Covid-19.

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Warehouse REIT PLC - real estate investment trust - Says 74% of rent for June quarter received, rises to 82% when including tenants paying monthly. Committed to meeting 6.2p per share target dividend.

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Hibernia REIT PLC - real estate investment trust - Work on development sites in Ireland suspended in line with government guidance. Says too early to have full visibility on virus impact. Secures three new lettings in quarter to March 31, boosting annual rent by EUR3.3 million.

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Town Centre Securities PLC - property investor - Receives 71% of rent due for April, agrees to defer payments for a further 15%. Furloughes staff across car park, hotel and property businesses and board taking a 20% salary reduction. Suspends all financial guidance and making decision about 3.25p interim payout.

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Livermore Investments Group Ltd - investor - Says virus spread and US government response changing demand patterns. Expects reduced earnings from borrowers in its collateralized loan obligation portfolio.

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Alpha Financial Markets Consulting PLC - lending services provider - Expects results for year ended March 31 to be in line with market expectations. Says Covid-19 has had almost no effect on trading so far but expects impact on new business later. Chief executive, chief financial officer and non-executives have taken a 40% pay cut.

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Eckoh PLC - payment technology - Says sales pipeline strong but Covid-19 has caused delays. Halts new hiring, postpones salary increases and will not propose final dividend unless market conditions improve. Expects double-digit revenue growth from US and UK divisions in year ended March 31.

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IMImobile PLC - cloud communications - Forecasts 17% revenue jump in year ended March 3. Says little Covid-19 impact so far but cutting costs and freezing hiring as a precaution. Some UK employees furloughed and board members take 33% pay cut. Raises GBP22.2 million in placing of 7.4 million shares at 300p each.

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Location Sciences Group PLC - location data provider - Says customers in retail and leisure sectors most affected by UK lockdown measures. Predicts second quarter revenue to be lower than expected. Cuts marketing spend and notes a long-standing shareholder died from the virus.

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ProPhotonix Ltd - LED lighting systems - Says no virus impact on first three months of 2020 but future hit "inevitable". Some customers in March ceased operations. Non-essential operating costs have been cut, and CEO takes 50% salary reduction.

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Van Elle Holdings PLC - engineering - Proposes equity raise of GBP6.7 million to ensure "sufficient headroom" to mitigate Covid-19 impact. Company placing 26.7 million shares at 25p each.

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Pressure Technologies PLC - engineering - Says both Chesterfield Special Cylinders and Precision Machined Components experience disruption due to virus, though all sites remain open. Withdraws full-year guidance

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Avingtrans PLC - engineering - Cancels interim dividend, to cut business costs, defer non-critical capital expendituren and use government stimulus measures in UK and US. Says 20% of UK employees furloughed. Board members take 20% salary reduction.

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TClarke PLC - building services - Postpones annual general meeting due to travel restrictions. To issue revised date soon. Final dividend postponed as it needs shareholder approval

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Speedy Hire PLC - tools and equipment hiring - Says Covid-19 reduces activity levels and lessens demand. Furloughs roughly 50% of employees and halts hiring. Leadership team and board take 20% pay cut and considering whether to pay final dividend.

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Rotala PLC - bus operator - Says no final dividend to be proposed but mulling special interim dividend. To furlough staff under UK Coronavirus job retention scheme. Withdraws full-year guidance.

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Gama Aviation PLC - aviation services - Says all divisions operational but some activity reduced. Using paycheck protection programme in US and furloughing "small number" of staff in UK. Suspends guidance for 2020. To publish 2019 annual report by end of July due to Covid-19 disruption. Will apply to AIM for extension beyond June 30 deadline.

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Silence Therapeutics PLC - RNA therapies - Will repurpose Berlin site to produce parts for Covid-19 diagnostics tests. Performing the work on a cost-only basis for Berlin-based TIB Molbiol GmbH.

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Advanced Oncotherapy PLC - cancer treatment - Says Covid-19 lockdowns in UK means timetabled LIGHT cancer treatments delayed. First patient to be treated in 2021 and not 2020 as first planned. Plans to raise GBP14.9 million from issue of 59.6 million shares at 25p each.

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MaxCyte Inc - cell-based therapies - "Unprecedented" movement curbs amid Covid-19 could hurt revenue. Fourth set of patients dosed in CARMA trial of MCY-M11 cell-based therapy for ovarian cancer.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
5 Jul 2022 11:18

IN BRIEF: Resolute Mining shares jump as sanctions lifted in Mali

Resolute Mining Ltd - Perth-based gold miner in Africa - Welcomes news that the economic and financial sanctions imposed on Mali by the Economic Community of West African States have been lifted. The sanctions were made after Mali's interim government proposed a 24-month transition to democracy and published a new electoral law. They began on January 9 and were lifted on Sunday. Company's portfolio holds a number of operations in Mali, including the Syama gold mine.

Read more
16 Jun 2022 13:18

IN BRIEF: Resolute Mining sees significant higher grade gold at Syama

Resolute Mining Ltd - Perth-based gold miner in Africa - Reports significant, higher grade gold intersections from its Syama North area. These intersections include 16 metres at 4.74 grams per tonne from 107 metres, 15 metres at 4.35 grams per tonne from 99 metres and, 7 metres at 6.56 grams per tonne from 161 metres. Work also outlines the potential for a new open pit sulphide deposit. The drilling programme is ongoing and is expected to continue throughout 2022. An updated mineral resource estimate will be carried out in the third quarter of the year.

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23 May 2022 10:02

Resolute Mining says Terry Holohan takes over as chief executive

(Alliance News) - Perth-based gold mining company Resolute Mining Ltd said Terry Holohan has been formally promoted to chief executive officer and managing director, effective from Monday.

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13 May 2022 16:01

UK shareholder meetings calendar - next 7 days

Monday 16 May 
88 Energy LtdAGM
Allianz Technology Trust PLCAGM
Blackbird PLCAGM
BSF Enterprise PLCGM
Crossword Cybersecurity PLCAGM
DigitalBox PLCAGM
Ethernity Networks LtdAGM
Jubilee Metals Group PLCGM - re right of directors to allot equity securities for cash
Mast Energy Developments PLCAGM
Metal Tiger PLCAGM
Tuesday 17 May 
Accesso Technology Group PLCAGM
Capital & Regional PLCAGM
Chaarat Gold Holdings LtdAGM
Chesnara PLCAGM
Equals Group PLCAGM
European Assets Trust PLCAGM
Fidelity Japan Trust PLCAGM
Fintel PLCAGM
Fresnillo PLCAGM
GCP Asset Backed Income Fund LtdAGM
GENinCode PLCFull Year Results
Greggs PLCAGM
IQGeo Group PLCAGM
Kefi Gold & Copper PLCGM re share placing
Mears Group PLCAGM
Mercantile Investment Trust PLCAGM
Vitec Group PLCAGM
Vivo Energy PLCAGM
Wednesday 18 May  
ABCAM PLCAGM
abrdn PLCAGM in Edinburgh
Alliance Pharma PLCAGM
Burford Capital LtdAGM
Coats Group PLCAGM
CVC Credit Partners European Opportunities LtdAGM
EKF Diagnostics Holdings PLCAGM
Highcroft Investments PLCAGM
Impax Environmental Markets PLCAGM
JPMorgan American Investment Trust PLCAGM
Keller Group PLCAGM
LMS Capital PLCAGM
Merchants Trust PLCAGM
PensionBee Group PLCAGM
Permanent TSB Group Holdings PLCAGM
PYX Resources LtdAGM
Riverstone Credit Opportunities Income PLCAGM
Schroder UK Public Private Trust PLCAGM
Science Group PLCAGM
Seplat Energy PLCAGM
TI Fluid Systems PLCAGM
Vesuvius PLCAGM
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Bigblu Broadband PLCAGM
Brand Architekts Group PLCGM re takeover of InnovaDerma
Capital & Regional PLCAGM
Computacenter PLCAGM
Cornish Metals IncGM re equity raise
Dialight PLCAGM
Ebiquity PLCAGM
Eqtec PLCAGM
Essentra PLCAGM
Fevertree Drinks PLCAGM
Gamma Communications PLCAGM
Genuit Group PLCAGM
Headlam Group PLCAGM
Inchcape PLCAGM
InnovaDerma PLCGM re takeover by Brand Architekts
Irish Residential Properties REIT PLCAGM
K3 Business Technology Group PLCAGM
Light Science Tech Holdings PLCAGM
Live Co Group PLCGM
McColl's Retail Group PLCAGM
musicMagpie PLCAGM
Network International Holdings PLCAGM
Next PLCAGM
Pharos Energy PLCAGM
Property Franchise Group PLCAGM
Rotala PLCAGM
Smart Metering Systems PLCAGM
St James's Place PLCAGM
Tyman PLCAGM
Friday 20 May  
Bank of Cyprus Holdings PLCAGM
Croda International PLCAGM
Deliveroo PLCAGM
Georgia Capital PLCAGM
Hikma Pharmaceuticals PLCEGM re capital reduction
Keywords Studios PLCAGM
Real Estate Investors PLCAGM
Reckitt Benckiser Group PLCAGM
Resolute Mining LtdAGM
Restore PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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