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Pin to quick picksSolGold Share News (SOLG)

Share Price Information for SolGold (SOLG)

London Stock Exchange
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Share Price: 9.25
Bid: 9.32
Ask: 9.36
Change: -0.01 (-0.11%)
Spread: 0.04 (0.429%)
Open: 9.29
High: 9.50
Low: 9.15
Prev. Close: 9.26
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TRADING UPDATES: CVS says "well-placed"; Ceres Power revenue falls

Thu, 28th Jul 2022 15:22

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

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CVS Group PLC - Norfolk-based veterinary services firm - Like-for-like sales for financial year to June 30 up 8.0%, compared to 17% the year before against a Covid-19 impacted comparator. Expects adjusted earnings before interest, tax, depreciation and amortisation to be marginally ahead of market expectations, following effective management of costs. Completes three acquisitions in the second half, with "an increased pipeline of opportunities," it notes. Expects adjusted Ebitda margin to be in line with prior year. "Whilst the board is mindful of inflationary pressures and the wider economic backdrop, the group is very well-placed for further growth in FY23," CVS says.

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Yellow Cake PLC - Jersey-based investor in uranium - Says estimated net asset value of GBP4.34 per share at June 30. Delivers 2.97 million pounds of uranium in quarter ended June 30, "unaffected by the geopolitical events in Ukraine," it notes. Expects worldwide uranium market over July-September to be impacted by global economic factors and any change in Russia-Ukraine geopolitical situation. Says spot market demand remains subdued compared to "record-setting" activity in 2021.

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SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Investigates a number of strategic initiatives to provide the firm with funding options for Cascabel project development, including a potential equity raise. Says raised funds would finance the completion of the Cascabel definitive feasibility study, regional exploration and general corporate purposes through to the second half of 2023. Targets net present value uplift of about USD1.0 billion to USD1.8 billion at Cascabel. Cash amounts to USD26 million as at June 30.

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Ceres Power Holdings PLC - Horsham, West Sussex-based solid oxide fuel cell developer - Posts expected revenue and other operating income for six months ended June 30 of GBP10 million, down from GBP17.4 million a year earlier, with completion of the China joint venture contracts with Bosch and Weichai and associated licence fees expected to fall in the second half of 2022. Cash amounts to about GBP221 million as at June 30. Expects high proportion of licence fee revenue recognition to be booked in second half, with associated high gross margin.

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Mortgage Advice Bureau Holdings PLC - Derby, England-based mortgage advice provider - Posts revenue of GBP95 million for six months ended June 30, up 3% from GBP92 million a year earlier. Says "mortgage completions had been considerably boosted by the stamp duty holiday changes at the end of March and June 2021." Expects adjusted pretax profit for 2022 to be in line with market expectations. Expects transaction levels to remain healthy despite slight decrease in consumer demand over coming months.

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By Xindi Wei; xindiwei@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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23 Nov 2022 14:50

IN BRIEF: SolGold to raise USD36 million via investments

SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Says Jiangxi Copper Investment Company Ltd and other investors have agreed to buy 180 million shares at USD0.20 cents per share. Specifically, Jiangxi, a China-based firm that principally engages in the mining, smelting and processing of copper, will buy 155 million of shares. Jiangxi will have a 6.3% ‎stake in SolGold. Says all the shares are expected to raise USD36.0 million from the investors.

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22 Nov 2022 11:17

SolGold looks towards strategic review after appointing interim CEO

(Alliance News) - SolGold PLC on Tuesday said it is looking to maximise shareholder value through a USD50 million investment, a merger, and a "top priority" strategic review.

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10 Nov 2022 14:24

IN BRIEF: SolGold says CEO Cuzzubbo leaves with immediate effect

SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Says Managing Director and Chief Executive Officer Darryl Cuzzubbo has left the company and the board, effective November 10. SolGold appoints non-executive director Scott Caldwell as interim CEO until a permanent replacement is appointed.

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25 Oct 2022 10:17

SolGold appoints non-executive directors as part of Cornerstone merger

(Alliance News) - SolGold PLC on Tuesday said it has appointed Scott Caldwell and Dan Vujcic as non-executive directors on the company board, effective immediately, in accordance with the terms of its merger with Cornerstone Capital Resources Inc.

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7 Oct 2022 10:26

SolGold shares up on merger deal with Cornerstone Capital

(Alliance News) - SolGold on Friday said it has entered into a friendly merger with Toronto-listed Cornerstone Capital Resources Inc, whereby SolGold will buy all of Cornerstone's shares.

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7 Oct 2022 07:44

LONDON BRIEFING: Stocks to open lower ahead of US jobs data

(Alliance News) - Stocks in London were called lower on Friday ahead of key US jobs data, and after further hawkish cues from the US Federal Reserve.

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29 Sep 2022 11:50

SolGold turns to annual profit on remeasurement of liability

(Alliance News) - SolGold PLC on Thursday posted a profit due to the reassessment of a financial liability for the Alpala mine project in Ecuador.

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11 Aug 2022 10:54

SolGold overhauls management suite as Cascabel focus ramps up

(Alliance News) - SolGold PLC on Thursday said Chief Financial Officer Ayten Saridas, Non-Executive Director Keith Marshall and Head of Exploration Jason Ward plan to step down.

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13 May 2022 14:32

SolGold's Ecuador director resigns; loss widens

(Alliance News) - SolGold PLC on Friday reported a widened quarterly loss and said its head of Ecuador has resigned with immediate effect.

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11 May 2022 16:53

SolGold appoints new permanent CFO after year-and-a-half gap

(Alliance News) - Shares in SolGold PLC rose on Wednesday after appointing Ayten Saridas as its new chief financial officer.

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20 Apr 2022 20:40

TRADING UPDATES: SolGold hails Cascabel; President Energy upbeat

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

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13 Apr 2022 18:47

TRADING UPDATES: BlueRock output rises; Watkin Jones profit to fall

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

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15 Feb 2022 22:16

TRADING UPDATES: Burford, Frenkel Topping expect contrasting results

(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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8 Dec 2021 15:13

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

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