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Share Price Information for SolGold (SOLG)

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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
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Low: 9.15
Prev. Close: 9.26
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UK EARNINGS SUMMARY: Novacyt Profit Leaps On Covid-19 Test Kit Demand

Thu, 17th Sep 2020 15:39

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

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Novacyt SA - Surrey-based biotechnology company making Covid-19 test kits - Revenue for six months to June 30 rockets to EUR72.4 million from EUR7.2 million, with Primerdesign revenue multiplying to EUR70.6 million from EUR3.3 million due to the success of the Covid-19 product portfolio. Margins increase to 83% from 63%. Swings to pretax profit of EUR46.1 million from a EUR1.2 million loss due to revenue surge. First half earnings before interest, tax, depreciation and amortisation surge to EUR49.4 million from EUR153,000. Revenue for the second half to be greater than the first half of the year and margins to be at least at a similar level. Full year revenue expected to exceed EUR150 million and Ebitda to exceed EUR100 million. Cash at June 30 of EUR19.7 million after paying down all long-term debt and significant working capital investment made into stock to ensure the continuity of supply to meet the demand for Covid-19 tests. Shares up 5.0% at 388.50 pence.

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ThinkSmart Ltd - Australian digital payments platform business - Pretax profit for year ended June 30 multiplies to GBP53.1 million from GBP524,000, driven by GBP53.7 million fair value gain on revaluation of the retained shareholding in Clearpay Finance Ltd. Revenue falls year-on-year to GBP6.1 million from GBP7.2 million. Continues to manage the wind down of legacy business. Cash and cash equivalents of GBP8.8 million at June 30. Shares up 17% at 44.00 pence.

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Supermarket Income REIT PLC - UK-focused supermarket income trust - To raise GBP150 million by way of a placing and subscription of shares at 104 pence each, a 6.3% discount to Wednesday's closing stock price of 111p. Current stock price 109.00p, down 1.8%. Proceeds to fund investment opportunities which are currently in excess of GBP400 million. EPRA net asset value per share for the 12 months to June 30 rises 4% to 101p. Passing rent up 49% at GBP28.7 million. 100% of all rents collected in full. Annual dividend up 3.8% at 5.8p. Increases dividend target for financial 2021 to 5.86p.

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Aberdeen Smaller Companies Income Trust PLC - investment trust focused on smaller UK companies - Net asset value total return for six months to June 30 minus 16.9% versus minus 25.0% return from Numis Small Companies excluding Investment Trust index. Net asset value per share 306.14p at June 30, down 18% from 373.86p at December 31. Attributes negative return to Covid-19 pandemic. Stock down 0.8% at 262.00 pence.

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DX Group PLC - Slough-based courier and logistics services - Revenue for year ended June 27 rises 2.1% to GBP329.3 million from GBP322.5 million. Pretax loss narrows to GBP1.3 million from GBP1.7 million. Revenue fell by a third immediately post-lockdown, but volumes steadily recovered from April and are now above levels anticipated pre-lockdown. Trading in the first months of financial 2020 ahead of the same period last year. Healthy pipeline of new business opportunities. Sees opportunity to increase volumes and further expand margins. Net cash of GBP12.3 million at June 27, better than expected. Shares down 11% at 17.15 pence.

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Destiny Pharma PLC - Brighton-based biotechnology company - Pretax loss for the six months to June 30 widens year-on-year to GBP2.9 million from GBP2.4 million. No revenue generated as the company is still in clinical stage of developing products. Research and development costs rise to GBP2.3 million from GBP1.7 million. Funded through fourth-quarter of 2021. Strong cash position with cash and term deposits of GBP5.6 million at June 30. Stock up 3.5% at 60.00 pence.

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GCP Student Living PLC - UK-focused student accommodation provider - EPRA net asset value per share for year to June 30 171.78 pence, up from 165.52p a year ago. Property portfolio value rises to GBP1.00 billion from GBP921.6 million. Student rental growth 4.4% versus 3.5%. Rental income rises year-on-year to GBP47.8 million from GBP44.4 million. Chair Robert Peto to retire at 2020 annual general meeting. Annual dividend unchanged at 6.15p. Shares up 2.2% at 139.00p.

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Enwell Energy PLC - Ukraine-focused oil and gas explorer - Revenue for six months to June 30 falls 21% year-on-year to USD24.7 million as a result of weakened gas prices in the period. Pretax profit falls 80% to USD2.6 million from USD13.3 million. Average daily production from the MEX-GOL, SV and VAS fields of 4,545 barrels of oil equivalent per day, down 8% from 4,192 barrels. Cash and cash equivalents of USD54.2 million at June 30 and USD55.5 million at September 13. Shares down 2.5% at 15.13 pence.

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Gresham House PLC - London-based asset manager - Assets under management rises 17% in the six months to June 30 to GBP3.26 billion from GBP2.80 billion at December 31, helped by 10% organic growth. Core income up 33% to GBP17.8 million. Pretax loss widens year-on-year to GBP1.6 million from GBP801,000. Well placed for the second half of 2020 and beyond. Strong balance sheet with cash and liquid assets at GBP45.1 million and zero debt. Shares up 5.0% at 724.80 pence.

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Regional REIT Ltd - UK-focused real estate investment trust - EPRA net asset value per share falls to 102.6 pence at June 30 from 112.7p at December 31. Resilient rental and property income in six months to June-end of GBP29.4 million versus GBP29.9 million. Rent collection strong with 97.6% of the rent invoiced for the period to June 30 being collected as at September 11. EPRA occupancy rate stable at 89.0%. Cuts first half dividend to 3.4p from 3.8p. Targeting an expected full year dividend of 6.4p. Cash and cash equivalent GBP67.9 million. Shares up 2.8% at 68.89p.

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Zephyr Energy PLC - technology-led oil and gas exploration company focused on US - Swings to a pretax profit of USD906,000 for the six months to June 30 from USD826,000 loss due to foreign exchange gains of USD1.6 million versus USD126,000 loss. No revenue generated in either financial periods. Administrative costs fall year-on-year to USD613,000 from USD806,000. Shares down 2.6% at 0.76 pence.

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Wilmington PLC - London-based data and information services company - Results for 12 months to June 30 at the top end of range previously provided for both revenue and profit. Revenue for the year down 8% to GBP113.1 million, hurt by no face-to-face events or training in final quarter. Pretax profit down 56% at GBP6.4 million due to Covid-19 impact and absence of disposal gains. Net debt improves to GBP27.7 million at June 30 from GBP33.9 million a year ago. Dividend suspended but remains committed to a resumption of dividends as soon as the trading environment normalises. Profitable in the first two months of financial 2021. Shares down 0.4% at 130.00 pence.

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Velocys PLC - Oxford, England-based fuels technology company - Revenue multiplies to GBP180,000 for six months ended June 30 from GBP22,000 a year ago. Pretax loss narrows to GBP2.7 million from GBP4.7 million. Sees significant uplift in demand for sustainable fuels. Cash at period end of GBP816,000 versus GBP4.8 million at December 31. Shares up 2.8% at 6.80p.

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SolGold PLC - Australian gold and copper mining company - Pretax loss for the year to June 30 narrows year-on-year to USD13.0 million from USD32.7 million due to a sharp drop in share based payment expenses to USD1.2 million from USD23.9 million. No revenue generated in either financial period. Administrative expenses rise to USD12.4 million from USD9.2 million. Shares down 1.5% at 26.99 pence.

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DP Aircraft I Ltd - Guernsey-based aircraft leasing company - Net asset value per share plummets to USD0.6502 for the six months to June 30 from USD1.0304 at December 31. Lease rental income for the first half falls to USD24.4 million from USD28.6 million. Swings to pretax loss of USD72 million from USD11.7 million. Books USD71.2 million impairment against aircraft assets and USD15.7 million against the lease premium, in light of Covid-19 pandemic. Prioritising the preservation of long-term financial stability. Available cash projected at the end of September of USD3 million. Stock up 0.1% at USD0.090.

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By Tapan Panchal; tapanpanchal@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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19 Mar 2024 18:41

EARNINGS AND TRADING: UK Oil in Broadford blow; SolGold optimistic

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

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12 Mar 2024 14:06

SolGold notes pre-feasibility study technical report for Cascabel

(Alliance News) - SolGold PLC on Tuesday noted a pre-feasibility study technical report for the Cascabel project in Ecuador.

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TRADING UPDATES: Audioboom extends partnerships; Ecora eyes growth

(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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4 Mar 2024 14:13

EARNINGS AND TRADING: Macau NAV falls; SolGold inks Cascabel deal

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

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16 Feb 2024 10:20

SolGold rises amid completion of Cascabel pre-feasibility study

(Alliance News) - SolGold PLC on Friday said it has successfully completed a new pre-feasibility study at its Cascabel project, noting a significantly reduced initial capital cost.

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15 Feb 2024 12:41

IN BRIEF: SolGold shares plunge as interim loss widens on higher costs

SolGold PLC - Ecuador-focused copper and gold exploration company - Says pretax loss widens to USD21.9 million in the six months to December 30 from USD17.6 million the year before. This was partly due to finance costs rising to USD8.1 million from USD5.5 million the year prior. Sol Gold did not generate any revenue for the half-year, unchanged from a year ago.

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22 Jan 2024 13:33

IN BRIEF: SolGold says Cascabel pre-feasibility study nears completion

SolGold PLC - Ecuador-focused copper and gold exploration company - Says phased approach pre-feasibility study for its 100% owned Cascabel project located in northern Ecuador is nearing completion. Says it expects the phased approach to demonstrate a lower risk path for Cascabel, with several project optimisations expected compared to the 2022 Cascabel PFS, including lower capital costs. Also reports that its Ecuadorian exploration team has been active this month, making progress at the Blanca-Nieves project, which hosts the newly discovered La Florida target. Says exploration activities are expected to continue over the course of 2024, focusing on advancing new target areas and prospects for new discoveries. Blanca-Nieves is located 10 kilometres north of the Cascabel project.

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13 Dec 2023 15:47

UK shareholder meetings calendar - next 7 days

Thursday 14 December 
Aeorema Communications PLCAGM
CleanTech Lithium PLCGM re equity raise approval
Driver Group PLCFull Year Results
eEnergy Group PLCAGM
Ethernity Networks LtdGM re authority to allot shares on non-preemptive basis
Fintech Asia LtdAGM
Helium One Global LtdAGM
Marwyn Value Investors LtdAGM
Quarto Group IncGM re cancelling trading on London's Main Market
Sareum Holdings PLCAGM
Friday 15 December 
Abingdon Health PLCAGM
Aptamer Group PLCAGM
Bellway PLCAGM
CQS Natural Resources Growth & Income PLCAGM
DCI Advisors LtdAGM
Ethernity Networks LtdGM re subscription agreement
Frontier IP Group PLCAGM
Holders Technology PLCGM re AIM delisting, tender offer
Renalytix PLCAGM
Schroder Real Estate Investment Trust LtdEGM re proposed amendments to the investment policy
Tristel PLCAGM
Ultimate Products PLCAGM
Wentworth Resources PLCAGM
Monday 18 December 
Ascential PLCGM re proposed sale of digital commerce business
Braemar PLCAGM
Eqtec PLCEGM re capital reorganisation
Fandango HoldingsAGM
Grit Real Estate Income Group LtdAGM
LondonMetric Property PLCGM re revised directors' remuneration policy
Nightcap PLCAGM
Surface Transforms PLCGM re fundraising
TechFinancials IncAGM
Tuesday 19 December 
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easyJet PLCGM re buy of 157 A320neo family aircraft
Netcall PLCAGM
Orosur Mining IncAGM
Technology Minerals PLCAGM
Zanaga Iron Ore Co LtdAGM
Wednesday 20 December 
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Lift Global Ventures PLCAGM
Northamber PLCAGM
RM Infrastructure Income PLCGM re managed wind-down
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Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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8 Dec 2023 14:24

IN BRIEF: SolGold identifies "promising" copper target at Espejo

SolGold PLC - Ecuador-focused copper and gold exploration company - Identifies a "promising" new porphyry copper-gold-molybdenum target at Anomaly 4 at the Espejo project. Chief Executive Officer

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5 Dec 2023 12:09

SolGold celebrates new gold discovery at Blanca Nieves project

(Alliance News) - SolGold PLC on Tuesday said recent exploration at its La Florida target has led to the discovery of visible gold.

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1 Dec 2023 14:29

TRADING UPDATES: N4 launches investor hub; Capricorn production falls

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

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17 Nov 2023 13:56

IN BRIEF: SolGold says "invaluable" chair to stand down at AGM

SolGold PLC - Ecuador-focused copper and gold exploration company - Chair Liam Twigger will not seek re-election at the forthcoming annual general meeting in December. Twigger became chair in August 2020 upon the resignation of predecessor Brian Moller. SolGold will commence its search for Twigger's replacement "immediately" and will provide updates "in due course". Company says Non-Executive Direcor James Clare will also step down at the AGM after five years in the role.

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25 Oct 2023 11:54

IN BRIEF: SolGold says talks over Cascabel project continue

SolGold PLC - London-based copper and gold explorer in Ecuador - Says strategic review is advancing following merger with Cornerstone Capital Resources Inc in February, through which it consolidated an 100% interest in the Cascabel copper-gold project in Ecuador. Adds that discussions with "highly credible groups" interested in its assets are ongoing. Says work plans for 2024 have been funded and no additional financing is required in the near-term, after raising USD86 million through an investment by Osisko Gold Royalties Ltd in 2022. Chief Executive Officer Scott Caldwell says he is "disappointed" by the company's current stock price as SolGold is "currently in the strongest position it has ever been". Its shares are down 41% over the past month.

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9 Oct 2023 17:22

IN BRIEF: SolGold chair and chief executive increase holdings

SolGold PLC - London-based copper and gold explorer in Ecuador - Chief Executive Scott Caldwell buys 790,000 shares at prices from CAD0.18 to CAD0.21 per share on Friday, worth CAD157,243. Caldwell now holds 19.4 million shares in SolGold, around 0.65% of its issued share capital.

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29 Sep 2023 10:46

SolGold swings to loss; needs extra funding to continue long-term

(Alliance News) - SolGold PLC on Friday said it swung to a considerable loss in its latest financial year, mainly thanks to surging administrative expenses, and it said it will need additional funding to continue operations.

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