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Pin to quick picksStrategic Minerals Share News (SML)

Share Price Information for Strategic Minerals (SML)

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Share Price: 0.15
Bid: 0.10
Ask: 0.20
Change: -0.03 (-16.67%)
Spread: 0.10 (100.00%)
Open: 0.175
High: 0.175
Low: 0.125
Prev. Close: 0.18
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WINNERS & LOSERS: Dixons Carphone Leads FTSE 100 Gainers On US Deal

Thu, 02nd Jul 2015 10:07

LONDON (Alliance News) - The following stocks are amongst the biggest risers and fallers within the main London indices midday Thursday.

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FTSE 100 WINNERS

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Dixons Carphone, up 3.4%. The company, formed from the merger of Dixons Retail and Carphone Warehouse, said its Connected World Services arm has signed a deal with US mobile carrier Sprint Corp to open and manage a number of Sprint-branded stores in the US. It will supply mobile phone retail expertise to Sprint for 20 new stores. If successful, the scheme will then be rolled out further, with plans to open up to 500 stores. In the second phase of the programme, Dixons Carphone will invest up to USD32 million to acquire a 50% stake in the joint venture with Sprint.

Astrazeneca, up 0.9% at 4,157.00p. Berenberg upgraded the pharmaceutical giant to Buy from Hold, raising its price target to 5,200 pence from 4,800p.

Tesco, up 0.6%. Four potential buyers have been shortlisted for the sale of Tesco's Homeplus business in South Korea, which is set to fetch around USD6 billion, Reuters reported. Affinity Equity Partners, Carlyle Group, MBK Partners, and the private equity arm of Goldman Sachs have been shortlisted in the auction, Reuters said, citing a report in Korea Economic Daily.

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FTSE 100 LOSERS

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Intertek Group, down 2.8% at 2,392.00. Jefferies downgraded the testing, certification and inspection services provider to Underperform from Hold, cutting its price target to 2,100p from 2,400p.

Royal Mail, down 2.7%, Burberry Group, down 2.1%, Babcock International Group, down 1.6%. The companies are down after going ex-dividend, meaning new buyers no longer qualify for the latest dividend payout.

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FTSE 250 WINNERS

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Ophir Energy, up 2.1% at 113.80p. UBS upgraded the oil and gas company to Buy from Neutral, keeping a price target of 150p.

Jimmy Choo, up 2.0% at 164.90p. Barclays initiated the shoe retailer with an Overweight rating an a price target of 208p.

Kier Group, up 1.2%. The construction and property company said it has struck a deal to sell its fleet and passenger services business, Kier FPS Ltd, for GBP17.9 million in cash. Kier is selling the business to Alpha Holdco 1, a vehicle managed by private equity firm Endless. The sale includes the transfer of the division's finance lease debt of around GBP32 million, the company said. Kier has also signed a five-year deal with the division under which FPS will continue to supply fleet services to Kier's local authority highways and utilities business.

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FTSE 250 LOSERS

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Hunting, down 2.4%. The energy services company said its operating profit has plunged lower in the first half amid a declining rig count in the face of a falling oil price, though it said it is seeing tentative signs of a recovery, even as its full-year results look set also to show a huge drop in profit. It said the second quarter, as anticipated, saw continued declines in the oil and gas market, with an additional 34% decline in wells completed in the US, and 33% worldwide, compared to the first quarter. This "severe" decline has meant operating profit for the company in the first five months is down by 76% year-on-year.

Aveva Group, down 3.8%, Tate & Lyle, down 2.7%, ICAP, down 2.6%, N Brown, down 2.0%, Dairy Crest Group, down 1.9%. The companies are down after going ex-dividend.

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AIM ALL-SHARE WINNERS

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Spectra Systems, up 10%. The authentication technology supplier said it has signed a nine-year supply deal with an unnamed Chinese secure documents manufacturer. The contract covers the supply of at least USD5.6 million of high-margin materials by Spectra and up to USD0.5 million in hand-held readers over the course of the contract. The terms of the deal also requires a minimum annual materials revenue of GBP0.625 million, whether or not the materials are ordered.

Motive Television, up 6.7%. The technology provider to broadcasters and pay television operators said it has developed a personal video recorder for use on mobile devices and tablets, which will allow users to record programmes a week in advance and watch them at a later date.

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AIM ALL-SHARE LOSERS

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Coal of Africa, down 13%. The company said the sale of its Mooiplaats Colliery asset in South Africa to Blackspear Capital has been cancelled and said it now in talks to find another buyer. Coal of Africa's sale of the colliery asset was agreed earlier this year but has been delayed on two occasions to allow more time for Blackspear to provide proof of funding to back the ZAR250 million sale. The deadline for the offer had been extended to June 30, but this has now lapsed and will not be extended further, Coal of Africa said.

Strategic Minerals, down 10%. The company said buying more projects is "imperative" as the Cobre mine in New Mexico is not sufficient to cover its overheads. In a statement set to be given at its annual general meeting, Managing Director John Peters said that while the Cobre mine remains profitable, this is not sufficient to meet its corporate overheads.

Premaitha Health, down 9.6% at 21.35p. The company said it is to raise GBP8 million via a share placing to back its IONA test. It said it will place 40 million shares at 20 pence per share.

By Daniel Ruiz; danielruiz@alliancenews.com

Copyright 2015 Alliance News Limited. All Rights Reserved.

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Strategic Minerals shares jump two-thirds as "major" client returns

(Alliance News) - Strategic Minerals PLC said that the client's return "augurs well for cash flow" in 2024, following a challenging period of absence.

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LONDON MARKET MIDDAY: FTSE 100 subdued after Wednesday's slump

(Alliance News) - Stock prices in London stabilised at midday Thursday, following a slump on Wednesday and a busy morning of corporate updates.

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10 Nov 2023 11:39

IN BRIEF: Strategic Minerals shares down but DDC work complete

Strategic Minerals PLC - London-based miner with projects in New Mexico, South Australia and the UK - Says wholly owned subsidiary Cornwall Resources Ltd has completed all field activities at the Deep Digital Cornwall (DDC) project. Outputs include analytical data for 2,184 soil samples and a "highly detailed" ground gravity survey. Expects data to increase CRL's understanding of the larger licence area's prospectivity, and highlight potential target areas for future exploration. Analysis is ongoing, including targeting soil anomalies for further testing, field verification and indoor sampling. Company says soil sample results provide validation of the mineral prospectivity map announced in September.

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10 Nov 2023 10:00

Strategic Minerals upbeat on results of Cornwall digital project

(Sharecast News) - Strategic Minerals updated the market on its wholly-owned subsidiary, Cornwall Resources (CRL), and its participation in the 'Deep Digital Cornwall' (DDC) project on Friday.

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10 Nov 2023 09:53

AIM WINNERS & LOSERS: Argentex rises despite "disappointing" outlook

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

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11 Oct 2023 14:25

Strategic Minerals subsidiary inks partnership with Oxford Sigma

(Sharecast News) - Strategic Minerals announced a significant partnership through its wholly-owned subsidiary Cornwall Resources (CRL) on Wednesday, aimed at exploring and developing critical mineral supply chains, mainly focusing on tungsten for the burgeoning fusion industry.

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11 Oct 2023 10:24

Strategic Minerals notes tungsten-focused memorandum by subsidiary

(Alliance News) - Strategic Minerals PLC on Wednesday highlighted the UK government's critical minerals strategy as it noted that its subsidiary Cornwall Resources Ltd signed a memorandum of understanding with nuclear fusion technology company Oxford Sigma Ltd.

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28 Sep 2023 12:00

IN BRIEF: Strategic Minerals half-year profit and revenue plunge

Strategic Minerals PLC - London-based mining company with projects in New Mexico, South Australia and the UK - Says pretax profit in the six months ended June 30 fell 78% to USD54,000 from USD248,000 a year prior, as revenue plunged to USD782,000 from USD1.3 million the year before. Notes a "significant drop" in sales at its Cobre project in New Mexico. Non-executive Chair Alan Broome says: "I look forward to further progressing our key strategic goals in 2023 and pushing onto a brighter 2024."

Read more
14 Jul 2023 14:54

Strategic Minerals slides after company update

(Sharecast News) - Strategic Minerals updated the market on its ongoing projects on Friday, reporting that its subsidiary Cornwall Resources (CRL) had been actively working to expand its mineral footprint in the resource-rich Cornwall area.

Read more
14 Jul 2023 10:18

Strategic Minerals says Cornwall Resources prosperity fund bid fails

(Alliance News) - Strategic Minerals PLC said on Friday that Cornwall Resources Ltd was working towards resubmitting an application to the Cornwall and Isle of Scilly Council Shared Prosperity Fund, after its first application for its Redmoor project was unsuccessful.

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11 Jul 2023 15:45

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BATM Advanced Communications LtdAGM
BT Group PLCAGM
C&C Group PLCAGM
CT Automotive Group PLCAGM
Clontarf Energy PLCAGM
DCC PLCAGM
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Dr Martens PLCAGM
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RS Group PLCAGM
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
21 Jun 2023 11:52

Strategic Minerals optimistic as profit jumps after tough two years

(Alliance News) - Strategic Minerals PLC on Wednesday said its annual profit increased despite a drop in revenue and difficulties facing its Cobre stockpile, and said it was encouraged by its outlook after a "testing" two years.

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25 Apr 2023 21:53

TRADING UPDATES: PetroTal average quarterly production up

(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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25 Apr 2023 10:30

AIM WINNERS & LOSERS: FireAngel 2023 earnings below expectations

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9 Feb 2023 11:40

Strategic Minerals magnetite sales from Cobre mine in US fall in 2022

(Alliance News) - Strategic Minerals PLC on Thursday reported a decline in magnetite sales from its Cobre operation in the US state of New Mexico.

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