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Pin to quick picksScholium Group Share News (SCHO)

Share Price Information for Scholium Group (SCHO)

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Share Price: 36.00
Bid: 32.00
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UK TRADING UPDATE SUMMARY: Scholium Swings To Loss In First Half

Fri, 23rd Oct 2020 14:42

(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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Scholium Group PLC - rare books and fine art retailer - For the six months to the end of September, swings to modest loss compared to profit of GBP64,000 the year before, due to no sales in Scholium Trading and a postponed auction by Mayfair Philatelics more than offset higher online activity from Shapero Rare Books. Expects to be loss making in the second half of financial 2021.

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RUA Life Sciences PLC - Ayrshire, Scotland-based medical device business - Cash position at the end of September at GBP1.0 million, down from GBP2.0 million at the end of March. For six months to the end of September, Biomaterials business performed below management expectations, while Medical Devices was affected by reduced customer orders.

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Nexus Infrastructure PLC - infrastructure services, utilities connections and smart energy infrastructure - Second half of financial year ended September 30 severely hurt by pandemic, meaning group has been loss making for the period. Order book at the end of September down at GBP282.0 million from GBP338.9 million the year before due to reduced activity levels, pricing pressures and more cautious customers. Expects return to profitability in financial 2021.

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Ceiba Investments Ltd - investor in Cuban real estate and tourism sector - Agrees to acquire 50% stake in GBM IT Mariel, which is heading the development of a mixed-use multi-phase industrial park in the special development zone of Mariel, Cuba. Initial investment of Ceiba into the project will be up to EUR1.5 million.

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Gulf Investment Fund PLC - Gulf region-focused investor - Net asset value over three months to the end of September up 14%, while benchmark, the S&P GCC Index was up 11%. For the first nine months of 2020, NAV is up by 0.2%, compared to 7.2% fall in benchmark. Portfolio remains overweight in Qatar, United Arab Emirates and Kuwait, while it is underweight in Saudi Arabia.

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KEFI Gold & Copper PLC - gold explorer in Ethiopia and Saudi Arabia - For 100% of Tulu Kapi Project in Ethiopia, net present value to be USD406 million at assumed gold price of USD1,700 per ounce. For 65%, which is KEFI's interest in the project, NPV stands at USD264 million. Meanwhile in Saudi Arabia, Hawiah mineral resource estimate stands at 19.3 million tonnes, at a grade of 0.9% copper, 0.8% zinc, 0.6 grams per tonne of gold and 10.3 grams per tonne of silver.

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Nucleus Financial Group PLC - wealth management platform provider - As at September 30, assets under administration rose by 2.6% year-on-year to GBP16.1 billion. Inflows in the third quarter reached GBP373 million, down from GBP490 million, as a result of the pandemic. Outflows declined by 23% to GBP291 million from GBP379 million the prior year.

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Vianet Group PLC - Stockton-on-Tees, England based internet-of-things monitoring platform - Trading in the six months to the end of September has been ahead of its Covid-19-revised management forecasts, with month-on-month improvement in operating profit and cash since the start of the year.

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Braveheart Investment Group PLC - Barnsley, England-based strategic investor - Subsidiary Pharm 2 Farm Ltd has overcome the delay in testing, and live virus testing at laboratories has confirmed that the coated face mask textile displayed high virucidial activity, meeting the requirements for ISO 18184 certification with more than a 90% kill rate for up to 7 hours, while being benign to healthy mammalian cells. Remote Monitored Systems PLC also notes announcement.

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Goldplat PLC - AIM-listed Africa-focused gold producer - For the first quarter to the end of September, South African operations profit at GBP1.1 million, flat compared to the year before. Ghana operations profit rose to GBP280,000 from GBP23,000.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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