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Pin to quick picksSylvania Platinum Share News (SLP)

Share Price Information for Sylvania Platinum (SLP)

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Share Price: 70.00
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Ask: 71.00
Change: -2.00 (-2.78%)
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Open: 72.00
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TRADING UPDATES: Virgin Wines loses fizz; M&C revenue improves

Thu, 28th Jul 2022 20:54

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

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Virgin Wines UK PLC - direct-to-consumer online wine retailer - Revenue in year ended June 30 declines 6.3% to GBP69 million from GBP73.6 million. However, revenue is up 63% from pre-Covid times, "highlighting that the business has retained much of the substantial growth achieved during the Covid-19 lockdowns, despite the lifting of restrictions and opening up of hospitality". Says earnings before interest, tax, depreciation and amortisation fall to GBP6.3 million from GBP7 million. Virgin Money adds that 105,000 new customers were acquired across all schemes in the year, 5% ahead of expectations. "The group's focus has been on customer acquisition, as well as mitigating the pressures of rising costs and supply chain challenges. It has managed these successfully as a result of its resilient business model, its flexible open-source wine-buying, increased levels of UK bottling and its ability to manage margins through the bespoke pre-mixing of cases," Virgin Wines says.

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M&C Saatchi PLC - London-based advertising agency - Says net revenue in first half of 2022 rises 10% year-on-year, due to a "strong performance in our high growth specialisms and in the UK, Americas and Asia, and is further evidence of the successful growth strategy launched at the start of 2021". Headline pretax profit for whole of 2022 predicted to hit GBP31 million, up from GBP27.3 million.

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Hotel Chocolat Group PLC - Royston, Hertfordshire-based chocolatier - Says Hotel Chocolat KK joint-venture in Japan gains court approval for civil rehabilitation restructuring proceedings. Company had loaned the JV GBP23 million over the period 2018 to 2022 for working capital purposes. In addition, it entered into guarantee arrangements of up to GBP5.8 million for loans made to JV by Japanese leasing companies. Hotel Chocolat has 20% stake in the JV.

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Empresaria Group PLC - Crawley, England-based specialist staffing company - Says net fee income rises 15% yearly in first half of 2022 to GBP32.6 million. "We delivered very strong year-on-year growth in offshore services which has continued to go from strength to strength and now employs over 2,700 people. We also had good growth in our professional and IT operations in APAC. As expected, net fee income from healthcare reduced after a very strong 2021 where we benefitted from significant demand from Covid-19 vaccination programmes," company says. Expects 2022 results in line with market expectations.

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Fintel PLC - Huddersfield, England-based technology and support for retail financial services sector - Says total revenue climbs 1.6% to GBP32.2 million in first half of 2022, from GBP31.7 million a year earlier. Adjusted Ebitda improves 4.8% to GBP8.7 million from GBP8.3 million. "In the first six months of 2022 the business has continued to trade well with strong core revenue growth in line with the board's expectations and outpacing the revenue impact of strategic disposals," Fintel says.

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Headlam Group PLC - Birmingham-based floor coverings distributor - Hails "pleasing" first half of 2022, shaking off "economic environment and inflationary impact on consumer spending". Headlam says: "Underlying profitability improved year-on-year. Revenue was only marginally below the prior year period, and commissioned specialist research indicates the company improved its market share in the period." Revenue declines 1.8% annually to GBP323.8 million from GBP329.9 million. Revenue rises 5.1% in continental Europe but declines 2.9% in UK. Says on track to meet market expectations.

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Epwin Group PLC - Solihull, England-based building products manufacturer - Says revenue in first-half of 2022 13% ahead of "strong 2021 comparative period at GBP178.0 million". Says revenue hike driven by pricing, as Epwin bods to recover input costs. "Raw material costs continued to increase in the first half, with PVC resin hitting an all-time high in April, although this has subsequently plateaued. Despite disruption to the supply chains in the wider market, the group has been able to secure sufficient raw materials to meet demand and expects to be able to continue to do so. The group continues to work with its customers to pass-on heightened costs in an equitable manner through price increases and surcharges," Epwin says. "Whilst trading conditions have moderated slightly in June and July, and although also mindful of the wider macro-economic conditions, the board remains confident of achieving expectations in 2022."

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Dekel Agri-Vision PLC - West Africa-based agriculture company - Says colour sorter for large-scale cashew processing plant at Tiebissou, Ivory Coast has been installed. Commissioning has begun, leading to "significant increase in daily production in the coming weeks". Shelling machines have arrived at Abidjan port, roughly 280 kilometres from town of Tiebissou. "Once installed and commissioned we have the capacity to reach our goal of processing 10,000 tonnes of raw cashew nuts in 2023," Dekel adds. "The cashew operation is running smoothly and is well-positioned to deliver positive operating cash flow from Q4 2022 onwards."

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Sylvania Platinum Ltd - South Africa-focused platinum miner - Says Sylvania Dump Operations output increases to 18,837 4E platinum group metals ounces in fourth quarter, up 19% from 15,840 ounces in third quarter. Operations achieve USD34.9 million net revenue for quarter, down from USD47.9 million in third quarter as PGM basket price declines 22%. Group earnings before interest, tax, depreciation and amortisation decrease to USD16.8 million from USD30.0 million.

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Atome Energy PLC - Leeds, England-based producer and marketer of green hydrogen and ammonia - Has entered into its first front-end engineering design contract in relation to its first phase 60 megawatt Villeta project facility. The contract has been signed with Concret-Mix, a local Paraguayan company with extensive experience in this type of engineering work, it says. "The entry into the FEED contract is the next step in what will in due course culminate in an aggregate of 400MW of green hydrogen and ammonia production in Paraguay, the first phase of which at Villeta is expected to commence production by first quarter 2025," says Chief Executive Olivier Mussat.

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Kazera Global PLC - diamonds and rare earths explorer in South Africa and Namibia - Says Department of Mining and Mineral Resources in South Africa dismisses a third-party appeal against the grant of mining permit for Kazera's 60%-owned Whale Head Minerals. "WHM now expects to shortly receive final documentation allowing it to commence production operations of heavy mineral sands at the Walviskop mine in South Africa," Kazera added.

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Thor Mining PLC - Australia-focused exploration and development company - Says drilling in Northern Territory assets finds 46 metre intersection of magnetite skarn and weakly disseminated tungsten-molybdenum-copper mineralisation. "Exploring for this style of mineralisation is difficult without the presence of significant amounts of magnetite that can be easily defined in magnetic surveys. Other magnetic targets along strike show the potential for further mineralisation at Molyhil," Managing Director Nicole Galloway Warland says. However, company notes assay results "were lower than visible grade estimates". Samples have been "resubmitted for analysis using two different analytical techniques".

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Cambridge Cognition Holdings PLC - Cambridge-based assessment software provider - Signs two new pacts in field of post-traumatic stress disorder. Strikes research pact with United States Department of Defense, having earlier secured a deal with a "top 10 pharmaceutical company".

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Live Co Group PLC - Surrey, England-based live events, entertainment and sports events company - Says has nine Bricklive events currently happening throughout UK, USA, Canada, Germany and Northern Ireland.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
1 Sep 2022 15:59

UK earnings, trading statements calendar - next 7 days

Friday 2 September 
Ashmore Group PLCFull Year Results
Monday 5 September 
Belvoir Group PLCHalf Year Results
Dechra Pharmaceuticals PLCFull Year Results
Tuesday 6 September 
Accrol Group Holdings PLCFull Year Results
Alumasc Group PLCFull Year Results
Ashtead Group PLCQ1 Results
Capricorn Energy PLCHalf Year Results
Gamma Communications PLCHalf Year Results
Headlam Group PLCHalf Year Results
Inspired PLCHalf Year Results
IQE PLCHalf Year Results
Lords Group Trading PLCHalf Year Results
Luceco PLCHalf Year Results
Michelmersh Brick Holdings PLCHalf Year Results
Midwich Group PLCHalf Year Results
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PCI-PAL PLCFull Year Results
Pebble Group PLCHalf Year Results
Quixant PLCHalf Year Results
STV Group PLCHalf Year Results
WAG Payment Solutions PLCHalf Year Results
WANdisco PLCHalf Year Results
Wednesday 7 September 
Bakkavor Group PLCHalf Year Results
Barratt Developments PLCFull Year Results
Equals Group PLCHalf Year Results
M Winkworth PLCHalf Year Results
Malin Corp PLCHalf Year Results
Petropavlovsk PLCHalf Year Results
Somero Enterprises IncHalf Year Results
Tissue Regenix Group PLCHalf Year Results
WH Smith PLCTrading Statement
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Arecor Therapeutics PLCHalf Year Results
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Curtis Banks Group PLCHalf Year Results
Darktrace PLCFull Year Results
Destiny Pharma PLCHalf Year Results
Duke Royalty LtdFull Year Results
Emis Group PLCHalf Year Results
Energean PLCHalf Year Results
Funding Circle Holdings PLCHalf Year Results
Genus PLCFull Year Results
International Public Partnerships LtdHalf Year Results
Melrose Industries PLCHalf Year Results
Mpac Group PLCHalf Year Results
Oakley Capital Investments LtdHalf Year Results
Open Orphan PLCHalf Year Results
Restaurant Group PLCHalf Year Results
Safestore Holdings PLCQ3 Results
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SourceBio International PLCHalf Year Results
Spire Healthcare Group PLCHalf Year Results
Sylvania Platinum LtdFull Year Results
Vistry Group PLCHalf Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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11 Jul 2022 14:27

IN BRIEF: Sylvania Platinum to achieve mid-range annual output target

Sylvania Platinum Ltd - Bermuda-based South Africa-focused platinum miner - Says its on track to achieve the mid-range of its financial year production target. Mid-range is 66,000 to 68,000 ounces of platinum group metals in its financial year that ended June 30.

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17 Jun 2022 13:29

Sylvania Platinum buys back 294k more shares

(Sharecast News) - Sylvania Platinum updated the market on its share buyback programme on Friday, announcing that it acquired 293,866 shares, representing 0.1% of its issued share capital, at an average price of 86.17p each on 16 June.

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20 May 2022 13:11

Sylvania Platinum buys back 121k shares

(Sharecast News) - Sylvania Platinum updated the market on its ongoing share buyback on Friday, reporting that it acquired 121,035 shares on Thursday, representing 0.04% of its issued share capital.

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29 Apr 2022 16:42

TRADING UPDATES: UP Global in strong interims; Sylvania quarter solid

(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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29 Apr 2022 10:52

Sylvania Platinum quarterly production in line with forecasts

(Sharecast News) - Sylvania Platinum said in an update on Friday that its SDO dump operations achieved 15,840 4E platinum group metals (PGE) ounces in the third quarter, down from 16,605 ounces in the second quarter.

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30 Mar 2022 13:08

Sylvania Platinum buys back award shares

(Sharecast News) - Sylvania Platinum announced a buyback of shares granted under its deferred awards scheme on Wednesday.

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21 Feb 2022 18:13

TRADING UPDATES: Bank of Cyprus swings profit; Sareum loss widens

(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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14 Feb 2022 16:43

UK earnings, trading statements calendar - next 7 days

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4 Feb 2022 21:26

TRADING UPDATES: Cadence adds to fundraise; Sylvania profit up

TRADING UPDATES: Cadence adds to fundraise; Sylvania profit up

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31 Jan 2022 09:45

LONDON BROKER RATINGS: BofA cuts Barclays; Goldman lifts Fevertree

LONDON BROKER RATINGS: BofA cuts Barclays; Goldman lifts Fevertree

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19 Nov 2021 16:06

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

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26 Oct 2021 14:58

TRADING UPDATES: Strix launches new products; Sylvania profit down

TRADING UPDATES: Strix launches new products; Sylvania profit down

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26 Oct 2021 12:04

Sylvania Platinum confident in future despite market difficulties

(Sharecast News) - Sylvania Platinum reported record platinum group metals (PGM) performance from Tweefontein in its first quarter on Tuesday, contributing towards Sylvania Dump Operations (SDO) achieving 15,771 4E PGM ounces in the three months ended 30 September despite the temporary production suspension at Lesedi, though that was down from 16,289 ounces quarter-on-quarter.

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