Less Ads, More Data, More Tools Register for FREE

Pin to quick picksStrategic Minerals Share News (SML)

Share Price Information for Strategic Minerals (SML)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.185
Bid: 0.17
Ask: 0.20
Change: 0.005 (2.78%)
Spread: 0.03 (17.647%)
Open: 0.18
High: 0.163
Low: 0.163
Prev. Close: 0.18
SML Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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.

-------

FTSE 100 WINNERS

-------

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.

-------

FTSE 100 LOSERS

-------

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.

-------

FTSE 250 WINNERS

-------

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.

-------

FTSE 250 LOSERS

-------

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.

-------

AIM ALL-SHARE WINNERS

-------

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.

-------

AIM ALL-SHARE LOSERS

-------

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.

More News
24 Oct 2022 07:25

Strategic Minerals price increases boost revenue from Cobre project

(Alliance News) - Strategic Minerals PLC on Thursday said price increases in July had boosted quarterly revenue, as it hoped for government funding for its Redmoor project.

Read more
20 Oct 2022 17:24

Strategic Minerals positive after recent price increases

(Sharecast News) - Strategic Minerals updated the market on its cash position and ore sales at the Cobre magnetite operation in New Mexico for the September quarter on Thursday, reporting that July price increases boosted revenue to $0.653m, up from $0.607m year-on-year.

Read more
21 Sep 2022 15:03

EARNINGS SUMMARY: Ten Entertainment resumes payout on swing to profit

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

Read more
14 Sep 2022 11:18

IN BRIEF: Strategic Minerals finds new areas of mineralisation at DDC

Strategic Minerals PLC - London-based exploration and production company - Posts update on its Deep Digital Cornwall project via its wholly-owned subsidiary Cornwall Resources Ltd. Says "new areas of mineral prospectivity for tin and tungsten" found in DDC soil sampling results. Finds 1% tin, or 1.1% tin equivalent in soil sample DDC001275. Explains the project is entering its second and final phase.

Read more
20 Jul 2022 10:54

IN BRIEF: Strategic Minerals posts lower Cobre sales, cash balance

Strategic Minerals PLC - London-based exploration and production company - Posts lower sales at its Cobre magnetite operation in New Mexico and cash balance falls.

Read more
29 Jun 2022 21:29

TRADING UPDATES: Aquila closes acquisition; Mila's "impressive" assays

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

Read more
29 Jun 2022 15:56

UK shareholder meetings calendar - next 7 days

Thursday 30 June 
3i Group PLCAGM
Ashtead Technology Holdings PLCAGM
Borders & Southern Petroleum PLCAGM
Caspian Sunrise PLCAGM
Cobra Resources PLCAGM
Crimson Tide PLCAGM
ECSC Group PLCAGM
Evraz PLCAGM
Gresham House Energy Storage Fund PLCAGM
GRIT Investment Trust PLCAGM
Gulf Marine Services PLCAGM
Hamak Gold LtdAGM
Hemogenyx Pharmaceuticals PLCAGM
Immotion Group PLCAGM
Inspiration Healthcare Group PLCAGM
Inspired PLCAGM
Jadestone Energy PLCAGM
Kanabo Group PLCAGM
Kropz PLCAGM
Likewise Group PLCAGM
Live Co Group PLCAGM
Location Sciences Group PLCAGM
LoopUp Group PLCAGM
M&C Saatchi PLCAGM
Microsaic Systems PLCAGM
Nostra Terra Oil & Gas CoAGM
Pathfinder Minerals PLCAGM
Playtech PLCAGM
Primorus Investments PLCAGM
Rockfire Resources PLCAGM
Roquefort Therapeutics PLCAGM
Sanne Group PLCAGM
Scottish Mortgage Investment Trust PLCAGM
Serica Energy PLCAGM
Supply@ME Capital PLCAGM
Surface Transforms PLCAGM
Synairgen PLCAGM
Tower Resources PLCAGM
Trainline PLCAGM
ValiRx PLCAGM
Victoria Oil & Gas PLCAGM
Watchstone Group PLCAGM
Friday 1 July 
All Star Minerals PLCGM re name change to Marula Mining
Monday 4 July 
Active Energy Group PLCAGM
Clean Invest Africa PLCAGM
Securities Trust of Scotland PLCAGM
Tuesday 5 July 
Immediate Acquisition PLCAGM
Marks & Spencer Group PLCAGM
Open Orphan PLCAGM
Saga PLCAGM
Smartspace Software PLCAGM
Young & Co's Brewery PLCAGM
Wednesday 6 July 
Assura PLCAGM
ContourGlobal PLCGM re acquisition by KKR
GSK PLCGM re Consumer Healthcare demerger, Haleon listing
Mining Minerals & Metals PLCAGM
PCF Group PLCGM re director allotment authority
Puma Alpha VCT PLCAGM
Shires Income PLCAGM
Sirius Real Estate LtdAGM
Strategic Minerals PLCAGM
Worldwide Healthcare Trust PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
10 Jun 2022 09:24

Strategic Minerals annual profit halves; confident in resource prices

(Alliance News) - Strategic Minerals PLC on Friday reported a lower profit in 2021, as revenue fell.

Read more
22 Apr 2022 15:17

TRADING UPDATES: Itaconix fundraise; Graft Polymer, MGC in patent wins

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

Read more
22 Apr 2022 09:58

Strategic Minerals quarter marred by weaker January

(Sharecast News) - Strategic Minerals updated the market on the Cobre magnetite operation in New Mexico on Friday, reporting that sales to the project's largest client returned to "normal levels" in February and March.

Read more
21 Apr 2022 13:11

Strategic Minerals gets 10-year extension to Redmoor licence

(Sharecast News) - Strategic Minerals announced on Thursday that its wholly-owned subsidiary Cornwall Resources (CRL) has signed a 10-year extension to its Redmoor exploration licence agreement.

Read more
28 Mar 2022 18:14

IN BRIEF: Strategic Minerals gains extended access to Cobre stockpile

Strategic Minerals PLC - London-based exploration and production company - Gains extension to access to the magnetite stockpile in New Mexico from the recently announced rollover to March 31, 2023 until March 31, 2027.

Read more
3 Mar 2022 20:34

TRADING UPDATES: Next Fifteen raises GBP50 million; N Brown sales up

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

Read more
26 Jan 2022 21:48

IN BRIEF: Strategic Minerals expects annual profit despite revenue dip

IN BRIEF: Strategic Minerals expects annual profit despite revenue dip

Read more
23 Dec 2021 12:16

Strategic Minerals shifts funding focus for Leigh Creek mine

(Sharecast News) - Strategic Minerals updated the market on progress in relation to funding of the Leigh Creek Copper Mine on Thursday, as well as progress on addressing the conditional elements of the project's programme for environmental protection and rehabilitation (PEPR).

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.