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Pin to quick picksStrategic Minerals Share News (SML)

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TRADING UPDATES: Appreciate profit drops on gift cards decline

Tue, 29th Jun 2021 12:08

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

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Appreciate Group PLC - Liverpool-based prepaid card operator - Revenue falls 5.3% to GBP106.8 million in year ended March 31 from GBP112.7 million in prior year. Pretax profit falls 84% to GBP1.3 million from GBP7.7 million. Recommends final dividend per share of 0.6p, bringing the full-year total to 1.0p, up from zero in financial 2020. Trading in first 12 weeks of financial 2022 has been slower than anticipated as gift card sales continue to be hit by the pandemic.

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Strategic Minerals PLC - rare earths miner with assets in the US, Australia and Cornwall - Revenue rises 22% to USD3.0 million in 2020 from USD2.5 million in 2019. Swings to pretax profit of USD450,000 from a loss of USD845,000. Does not recommend dividend. Company cut overheads and sold some mineral rights in the year. Start of a second income stream at Leigh Creek copper mine in 2021 will improve the market's perception of the value of Strategic Minerals, company says.

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SEEEN PLC - London-based social media app maker - Revenue rises to USD10.1 million in 2020 from USD4.3 million in 2019. Pretax profit rises to USD3.6 million from USD1.7 million. Company says three-year strategy is going as expected at the halfway point, and that it has enough capital for its growth and commercialisation plan.

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D4t4 Solutions PLC - Surrey-based data management company - Revenue rises 4.6% to USD22.8 million in year ended March 31 from USD21.8 million in previous year. Pretax profit falls 39% to GBP3.0 million from GBP5.0 million. Final dividend per share 2.0p, bringing the full-year total to 2.81p, up from 2.67p in previous year. Enters new financial year in a strong position after record second half. Trading since March 31 in line with expectations.

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Caspian Sunrise PLC - oil explorer in Kazakhstan - Revenue rises 18% to USD14.3 million in 2020 from USD12.1 million in 2019. Swings to pretax loss of USD1.75 million from a profit of USD941,000, after a USD2.6 million impairment. Company "on path to recovery" with improved oil price.

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San Leon Energy PLC - oil explorer in Nigeria - Pretax loss narrows to USD9.6 million in 2020 from USD58.7 million in 2019. Expects to commission ELI pipeline, close Oza acquisition and make further transactions in 2021. Does not declare final dividend after a USD33.3 million special dividend in 2020.

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Trakm8 Holdings PLC - Birmingham-based telematics hardware company - Revenue falls 18% to GBP16.0 million in year ended March 31, from GBP19.6 million in previous year. Pretax loss widens to GBP1.9 million from GBP1.7 million. Revenue in April and May 2021 is up 28% year-on-year. Company expects to return to pre-pandemic revenue and make a profit, assuming there are no more lockdowns or unmanageable supply chain issues.

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Harvest Minerals Ltd - fertiliser producer in Brazil - Revenue rises 35% to USD2.0 million in 2020 from USD1.4 million in 2019. Pretax loss widens to GBP3.3 million from USD910,044. No dividend declared. Company progressed the Arapua fertiliser project to commercialisation, but did not advance its other projects. Sells 17,854 tonnes of KP Fertil product in second quarter of 2021, beating target of 16,000 tonnes. On track to meet 2021 sales target.

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Standard Life Private Equity Trust PLC - investor in private equity funds focused on Europe - Swings to pretax profit of GBP113.9 million in six months ended March 31, from a loss of GBP43.6 million year-on-year. Net asset value total return 15% in period, underperforming FTSE All-Share index return of 19%. Net asset value per share 568.4p on March 31 vs 501.0p on September 30.

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Myanmar Investments International Ltd - investor in companies in Myanmar - Swings to pretax loss of USD7.7 million in six months ended March 31 from a profit of USD1.7 million year-on-year. Company is in the process of winding down following military coup in Myanmar. Its remaining two investments give Myanmar Investments a net asset value per share of 74 US cents.

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Blue Star Capital PLC - investor in esports, gaming and blockchain companies - Pretax loss widens to GBP494,543 in six months ended March 31, from GBP189,460 year-on-year, due to adverse foreign exchange movements. Sees upside from esports investments, while blockchain companies are taking time to mature.

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British Honey Co PLC - Buckinghamshire-based spirits maker - Revenue rises to GBP1.5 million in nine months ended December 31, from GBP634,000 in previous 12 months. Pretax loss narrows to GBP1.2 million from GBP2.0 million. Positive trading momentum maintained in 2021. Reopening of bars will provide further opportunities to grow sales.

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Aukett Swanke Group PLC - London-based architect - Revenue falls 28% to GBP5.3 million in six months ended March 31 from GBP7.4 million year-on-year. Pretax loss widens to GBP1.0 million from GBP182,000. Covid-19 has caused project delays. Company has taken action to support business model which should improve financial performance, but it is likely to report a loss for the full year.

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By Ivan Edwards; ivanedwards@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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25 Jul 2019 13:47

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Strategic Minerals Raises GBP890,000 As Awaits Client Payment

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Strategic Minerals raises ?0.9m ahead of Cornwall Resources transaction

(Sharecast News) - Producing mineral company Strategic Minerals has raised £0.89m before expenses by way of a placing and subscription of 63,571,425 new ordinary shares at a price of 1.4p each, it announced on Tuesday.

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11 Jun 2019 16:06

UK Shareholder Meetings Calendar - Next 7 Days

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10 Jun 2019 11:42

Strategic Minerals Prepares Claim For Outstanding USD4 Million Payment

LONDON (Alliance News) - Strategic Minerals PLC on Monday said it has yet to receive the USD4 million owed by a major client of its Cobre project and is preparing a claim for service.Shares

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29 May 2019 10:41

Strategic Minerals Defers Initial Payment For Cornwall Resources Buy

LONDON (Alliance News) - Strategic Minerals PLC is to defer the initial payment for its buyout of the Cornwall Resources Ltd joint venture, it said Wednesday.Strategic announced the earlier

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16 May 2019 11:15

Strategic Minerals Study At Redmoor Indicates Ten-Year Plus Mine Life

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14 May 2019 13:07

Strategic Minerals Annual Profit Hurt By Drop In Cobre Magnetite Sales

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13 May 2019 11:18

Strategic Minerals Inks Contract For Cornwall Resources Acquisition

LONDON (Alliance News) - Strategic Minerals PLC on Monday said it inked a binding contract for the acquisition of a 50% stake in of Cornwall Resources Ltd, a joint venture vehicle holding the tin

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3 May 2019 14:53

Strategic Minerals confirms first sale of copper cement from Leigh Creek

(Sharecast News) - Battery materials-focussed mineral company Strategic Minerals announced on Friday that the Leigh Creek Copper Mine operation had made its first sale of copper cement produced at the Mountain of Light processing facility.

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3 May 2019 11:17

Strategic Minerals Achieves First Copper Cement Sale From Leigh Creek

LONDON (Alliance News) - Strategic Minerals PLC has sold its first copper cement from the Leigh Creek mine, it said Friday, weeks after first production.Strategic announced production from

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11 Apr 2019 13:47

Strategic Minerals Produces First Copper Cement At Leigh Creek

LONDON (Alliance News) - Strategic Minerals PLC on Thursday said copper production from its processing facility at the Leigh Creek copper mine has restarted.The Mountain of Light facility,

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11 Apr 2019 12:19

Strategic Minerals Quarter Suffers From Maintenance And Client Issues

LONDON (Alliance News) - Strategic Minerals PLC on Thursday said quarterly sales and production at its Cobre magnetite operations in the US were hurt by plant maintenance and issues with a major a

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8 Apr 2019 10:11

Strategic Minerals acquisition of remainder of Redmoor project advances

(Sharecast News) - Battery materials-focussed producing mineral company Strategic Minerals has been informed by New Age Exploration that it would not be required to refer its decision to sell its entire 50% shareholding in Cornwall Resources - the joint venture vehicle developing the Redmoor tin and tungsten project in Cornwall - to shareholders at a general meeting, it said on Monday.

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