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Share Price: 3.30

Bid: 3.20

Ask: 3.40

Change: -0.10 (-3.03%)

Spread: 0.20 (6.25%)

Open: 3.30

High: 3.40

Low: 3.20

Prev. Close: 3.30

Last checked at -

AIM WINNERS & LOSERS: Purplebricks plummets on withdrawal of offer

Wed, 31st May 2023 10:45

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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AIM - WINNERS

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Yu Group PLC, up 27% at 585.00 pence, 12-month range 162.55p-800p. The supplier of energy and utility solutions notes continued strong trading, with key performance indicators of revenue, profitability and cash generation all showing very strong growth. It now expects revenue, margins and cashflow for 2023 to be "substantially ahead" of current market expectations. "I'm delighted to report a further increase in our expectation of revenue, profit and cash, and I'm looking forward to present a ninth consecutive half year improvement in our interim results," says Chief Executive Officer Bobby Kalar.

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Savannah Resources PLC, up 22% at 4.50 pence, 12-month range 2.04p-5.00p. The energy company, with projects in Cameroon, Chad, Niger and Nigeria, says the Portuguese environmental regulator has issued a positive declaration of environmental impact for its wholly owned Lithium project in northern Portugal. With this "key positive decision", the project can now progress to the next stage of the environmental licencing process, Savannah Resources adds. "This represents a major milestone for the Project and is the first positive DIA for a lithium raw material supply project in Portugal, while implementing European best ESG practices," it says.

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AIM - LOSERS

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Purplebricks Group PLC, down 21% at 0.50p, 12-month range 0.40p-20.00p. The online real estate agent says an indicative takeover proposal from real estate company Lecram Holdings Ltd has withdrawn its offer from Purplebricks. Purplebricks continues to recommend shareholders vote in favour of the potential takeover by Strike at its general meeting Friday. Purplebricks has launched a strategic review to consider the options available to the company back in February. Following this, its formal sale process was launched at the start of March.

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By Sophie Rose Alliance News reporter

Comments and questions to newsroom@alliancenews.com

More News

29 Sep 2023 14:29

EARNINGS: Beacon Energy and Kefi Gold & Copper losses widen

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

18 Sep 2023 16:13

IN BRIEF: Savannah Resources not in sale process despite media reports

Savannah Resources PLC - lithium development company - Denies reports from Portuguese press that it is in a sale process. Says it is not in a sale process regarding the Barroso lithium project nor the company itself. Reiterates that on September 6, it had said that it received "significant" commercial interest in the project for several years and that there has been additional interest since the completion of a new positive scoping study. "Savannah is focusing on identifying groups which are willing to assist with the financing of the project's construction and bring complementary skills or additional opportunities to a long-term partnership with Savannah," firm says.

12 Sep 2023 12:12

Savannah Resources hires new CEO from large Portuguese firm

(Alliance News) - Savannah Resources PLC on Tuesday said it has appointed Emanuel Proenca as its new chief executive officer.

6 Sep 2023 15:40

TRADING UPDATES: URA orders Gravelotte parts; Kefi sustains progress

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

6 Sep 2023 14:07

Savannah reports significant progress at Barroso Lithium Project

(Sharecast News) - Europe-focussed lithium developer Savannah Resources announced significant progress in various aspects of its wholly-owned Barroso Lithium Project in Portugal on Wednesday.

21 Jul 2023 10:07

Director dealings: Savannah non-exec invests, Lok'nStore director sells holding

(Sharecast News) - Lithium developer Savannah Resources was on the list of director buys on Friday, after a non-executive director picked up almost half a million shares.

18 Jul 2023 14:14

IN BRIEF: Savannah Resources fundraise raises extra GBP400,000

Savannah Resources PLC - lithium development company - Announces it has increased the gross proceeds from the fundraise announced last Thursday to GBP6.5 million from GBP6.1 million, following 8.8 million shares being issued raising GBP400,000. This means that 139.2 million new shares will be issued for a fundraise, increasing fundraise total to GBP6.5 million. The company will have an approximate GBP11.4 million in cash.

14 Jul 2023 08:22

Savannah Resources raises GBP6.1 million for Portugal lithium project

(Alliance News) - Savannah Resources PLC on Friday said it raised GBP6.1 million, bolstering its coffers as it looks to develop a lithium project in Portugal.

13 Jul 2023 17:20

Savannah Resources plans GBP5.8 million fundraise to boost project

(Alliance News) - Savannah Resources PLC on Thursday said it plans to raise GBP5.8 million, in order to boost its Barroso lithium project in northern Portugal.

3 Jul 2023 17:31

TRADING UPDATES: Mycelx wins deal; 88 Energy buys in Texas

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

12 Jun 2023 15:51

UK shareholder meetings calendar - next 7 days

Tuesday 13 June
Animalcare Group PLC	AGM
Asiamet Resources Ltd	AGM
Centrica PLC	AGM
Dillistone Group PLC	AGM
EJF Investments Ltd	AGM
Elixirr International PLC	AGM
Flowtech Fluidpower PLC	AGM
Frenkel Topping Group PLC	AGM
Great Western Mining Corp PLC	AGM
Newbury Racecourse PLC	AGM
Plant Health Care PLC	AGM
Pressure Technologies PLC	GM re delay to the publication of the FY22 Annual Report and directors' remuneration
Pod Point Group Holdings PLC	AGM
Sound Energy PLC	AGM
Zinnwald Lithium PLC	AGM
Wednesday 14 June
abrdn Property Income Trust Ltd	AGM
abrdn Smaller Companies Income Trust PLC	AGM
Andrews Sykes Group PLC	AGM
Aquila Energy Efficiency Trust PLC	AGM
Aurrigo International PLC	AGM
Brave Bison Group PLC	AGM
Christie Group PLC	AGM
Foresight Solar Fund Ltd	AGM
IGas Energy PLC	AGM
International Consolidated Airlines Group SA	AGM
Iofina PLC	AGM
James Fisher & Sons PLC	AGM
Liberty Global PLC	AGM
M&C Saatchi PLC	AGM
Octopus Titan VCT PLC	AGM
Petards Group PLC	AGM
Thursday 15 June
Amaroq Minerals Ltd	AGM
Anexo Group PLC	AGM
ASA International Group PLC	AGM
Baillie Gifford China Growth Trust PLC	AGM
Chapel Down Group PLC	AGM
Directa Plus PLC	AGM
Everyman Media Group PLC	AGM
HC Slingsby PLC	AGM
Inspecs Group PLC	AGM
Informa PLC	AGM
IP Group PLC	AGM
LBG Media PLC	AGM
M&G Credit Income Investment Trust PLC	GM re amendment to the company's articles of association
Novacyt SA	AGM
OTAQ PLC	AGM
Parity Group PLC	AGM
PetroTal Corp	AGM
Pollen Street PLC	AGM
Shaftesbury Capital PLC	AGM
Southern Energy Corp	AGM
Friday 16 June
Alpha Growth PLC	AGM
Anglo-Eastern Plantations PLC	AGM
Gulf Keystone Petroleum Ltd	AGM
John Lewis of Hungerford PLC	GM re proposed cancellation of admission to trading on AIM
Tesco PLC	AGM
Woodbois Ltd	AGM
Monday 19 June
All ThingsConsidered Group PLC	AGM
Blackbird PLC	AGM
Finsbury Food Group PLC	AGM
Globalworth Real Estate Investments Ltd	AGM
Marlowe PLC	GM re proposed capital reduction
Metals Exploration PLC	AGM
Red Rock Resources PLC	GM re security conversion into shares for cash
Savannah Resources PLC	AGM

Copyright 2023 Alliance News Ltd. All Rights Reserved.

12 Jun 2023 10:16

Savannah Resources hails net present value of Barroso lithium project

(Alliance News) - Savannah Resources PLC on Monday announced results from a new scoping study on its Barroso lithium project in northern Portugal.

31 May 2023 11:37

IN BRIEF: Savannah shares soar as hails milestone for Barroso mine

Savannah Resources PLC - London-based lithium development company - Receives positive declaration of environmental impact from the Portuguese environmental regulator, Agencia Portuguesa do Ambiente, for its wholly owned Barroso lithium project in northern Portugal. Adds, it has agreed to the set of conditions issued alongside the declaration to ensure the project is "developed and operated in a socially and environmentally responsible way." Says project can now progress to the next stage of its environmental licensing process. Expects to publish a new scoping study in the second half of 2023 and will move forward with its definitive feasibility study, which includes carrying out fieldwork later in the year. Savannah has been in talks with APA in the last few months over Barroso's environmental impact assessment. Based on feedback, Savannah has focused on the management of water resources, optimisation of project-related infrastructure, ecology, socio-economic considerations and landscape impacts.

31 May 2023 09:18

LONDON MARKET OPEN: Stocks down on US debt ceiling jitters

(Alliance News) - Stock prices in London opened lower on Wednesday, as financial markets await a vote on the US debt ceiling agreement.

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AIM WINNERS & LOSERS: Purplebricks plummets on withdrawal of offer

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