Last checked at 
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
----------
Arkle Resources PLC - gold and zinc explorer & developer in Ireland - Reports widened pretax loss for 2020 of EUR1.1 million versus EUR313,860 loss posted in 2019. The company says administrative expenses increase to GBP324,099 from GBP295,216 year-on-year and Arkle books GBP330,000 impairment of exploration and evaluation assets versus none such cost in 2019.
----------
Jade Road Investments Ltd - pan-Asian investment firm - Says net asset value per share decreased slightly as at the end of 2020, by 3.3% to USD0.92, owing to the open offer and placement. Net portfolio income, meanwhile, increased year-on-year to USD6.7 million from USD2.2 million, delivering a net profit of USD1.6 million versus a loss of USD2.8 million in 2019. This growth is largely attributable to the increase of value of the company's largest asset, FMHL, where improvements were achieved during the year.
----------
Worsley Investors Ltd - investment firm - Reports NAV per share as at March 31 of 41.55p compared to 38.20p at the end of June 2020. Share price as at the end of March stood at 28.00p, representing a 33% discount to NAV. The company says it underperformed both the FTSE All Share Index and the FTSE Real Estate Investment Trust Index, with total return of 15% versus 27% and 20%, respectively.
----------
Quantum Blockchain Technologies PLC - blockchain technology company - Says pretax loss widened in 2020 to EUR1.2 million from EUR624,000 as it incurred financial costs of EUR121,000 versus EUR760,000 financial income in 2019. The company generated insubstantial revenue in both 2020 and 2019. "2020 was, as for many companies, a challenging year and yet the focus of the Company, to preserve the stability of its operations and investments, should be seen as a success by shareholders," says Executive Chair Francesco Gardin.
----------
Ncondezi Energy Ltd - African power development company - Reports widened pretax loss for 2020 to USD2.8 million from USD2.3 million posted the year before, as administrative expenses increase to USD1.6 million from USD1.2 million year-on-year. Ncondezi says it had cash at bank of USD900,000 as at the end of 2020. Based on management projections, the company is funded into September, with further funding required to meet operating cash flows under current forecasts before the end of the third quarter or in the event of accelerated project advancement.
----------
Arc Minerals Ltd - company focused on exploring for copper and cobalt in Africa - Gets extension to post its 2020 results until September 30. The delay is occasioned at the request of the company and its auditors, PKF Littlejohn LLP, to reflect the additional time needed to complete the audit given the Covid-19 pandemic. With regards to the upcoming drilling programme, Arc says its drilling contractor is now mobilising its equipment at Fwiji. The horizontal gradient fixed wing magnetic and radiometric airborne survey over the Cheyeza, Muswema and Lumbeta target areas is due to start shortly.
----------
Safestay PLC - hostels operator - Says it will report its results in July, rather than until June 30, as expected previously. Turning to operations, the company confirms that Safestay Hostels continue to reopen, with 9 already open and trading and the remaining 7 set to reopen by the first week of July. Going forward, Safestay says management remains cautiously optimistic based on the experience of re-opening in 2020 and early bookings.
----------
TechFinancials Inc - fintech software provider - Secures an extension of one month for the publication of its 2020 results amid logistical issues arising from Covid-19 restrictions.
----------
Sabien Technology Group PLC - energy saving technology firm - Reports a number of transformational developments within its operating company Sabien Technology Ltd. The company names Tom Sprunt as the managing director of Sabien Technology, a non-board role which he has been operating within on an interim basis for a number of months. In addition, Sabien says its operating unit signs master service agreement with Lockular, Sabien's secure Cloud service enablement partner for M2G and other products. Finally, the company has committed to the development of a next generation version of the M2G product line.
----------
Glenveagh Properties PLC - Irish homebuilder - Says Germany-based Union Investment, a real estate investment manager, has acquired the planned 262-bedroom Premier Inn hotel site in Glenveagh's development at Castleforbes in the Dublin Docklands as part of an EUR70 million forward funding arrangement that will result in Union Investment taking ownership of the hotel. Construction of the Premier Inn hotel will begin in July of this year and is scheduled to be ready for business in Autumn 2023.
----------
RUA Life Sciences PLC - Ayrshire, Scotland-based medical device company - Makes progress on the regulatory application for the large bore vascular grafts in development by RUA Vascular. The company says all results from both in vivo and in vitro testing have now been gathered and the submission pack for the US Food & Drug Administration has been prepared. The company continues to anticipate first revenues from the sale of grafts by the end of the current financial year.
----------
Remote Monitored Systems PLC - digital monitoring and safeguarding systems manufacturer - Says the five-ply version of its Pro-Larva anti-viral mask, developed with Volz Filters UK Ltd has been approved by the UK's Medicines & Healthcare products regulatory agency. The five-ply mask has an additional filter layer, produced by Volz, after the hydrophobic outer layer, further strengthening the mask's already excellent bacterial filter efficiency.
----------
Kanabo Group PLC - London-based medical cannabis company - Completes its first EU-GMP production line in partnership with Pure Origin Group. This production marks the end of the company's pilot sales and preludes a full product launch within Kanabo's primary markets, with the company embarking on the second phase of its sales plan to increase revenue from the sale of CBD products.
----------
Ananda Developments PLC - medicinal cannabis firm - Says the research facility construction project will commence in July following receipt of a licence from the Home Office to grow cannabis in the UK for research purposes. The Home Office approved research site currently comprises a large storage area with a concrete base and a large shed which was previously used for crop storage.
----------
Mirriad Advertising PLC - London-based advertising agency - Secures a new commercial agreement with Tencent Holdings Ltd. Tencent is China's biggest online video streaming platform by subscriptions. Tencent and Mirriad will work together to scale in-content advertising in the Chinese market. The revenue share agreed in this deal will be consistent with those in other Mirriad standard commercial contracts, it says.
----------
Strategic Minerals PLC - minerals company - Confirms its subsidiary Leigh Creek Copper Mine has received notification from the Department of Energy & Mining of South Australia of its intention to finalise its assessment on the Paltridge North deposit programme for environmental protection & rehabilitation during July. "Although the company has been anticipating an expected PEPR approval by the end of June 2021, the slight delay into July still ensures that plans continue unchanged," says Managing Director John Peters. Strategic Minerals says it has elected to seek additional funding to conduct both production at Paltridge North and exploration simultaneously, as well as preparing Leigh Creek for a potential listing on the Australian Stock Exchange.
----------
Scirocco Energy PLC - Leeds, England-based oil & gas investment company - Amends the terms of its investment facility with Prolific Basins LLC. To date, Prolific Basins has invested a total of USD1.0 million in Scirocco. Of this, an aggregate USD925,000 has been settled through the issue of new shares in Scirocco. As a result of the amendment, Scirocco's access to the further investment of up to USD1.0 million has been extended until the end of 2021. "This is a positive result for the company, as it extends the company's access to the Investment Facility until the end of the year and shows continuing support for Scirocco," says Scirocco Chief Executive Tom Reynolds.
----------
Tirupati Graphite PLC - London-based flake graphite miner - Reports progress made on activities at its speciality graphite downstream operations in India, where it is developing a suite of speciality graphite for use in hi-tech applications like lithium-ion batteries, fire retardants, thermal management, and composites. Tirupati reports increased sales of trademarked expandable graphite products, CarboflameX and GrafEN 45545, to a number of customers in Europe following Reach certification. Also says first stage commercial trial orders secured with several bulk consumers and others evaluating samples. "We are delighted to have received our first commercial trial orders for our trademarked flame retardant products and to see the extent of traction we have generated from buyers in EU and the UK since receiving Reach certification," says CEO Shishir Poddar.
----------
Serabi Gold PLC - gold exploration and production company focused on Brazil - Says the first five months of 2021 have seen Serabi continue to recover from the measures that were necessarily implemented in 2020 to protect the business from the effects of Covid-19 and the company says it is currently on target to meet its production guidance for the year. "Following on from the production recovery that began during the fourth quarter of 2020, the first quarter of 2021 saw production levels continue to improve significantly and, driven by improving grades, gold production for the first quarter of 2021 was 16% better than our internal forecast," says Chief Executive Mike Hodgson.
----------
By Evelina Grecenko; evelinagrecenko@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.