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Pin to quick picksSteppe Cement Share News (STCM)

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UK TRADING UPDATE SUMMARY: eEnergy And BigDish Welcome Sunak Stimulus

Thu, 09th Jul 2020 15:56

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

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Harvest Minerals PLC - fertiliser producer - For second quarter of 2020, total sales were 6,525 tonnes of Kpfertil, well below the original target of 14,400 tonnes, due to the Covid-19, by which Brazil is one of the worst affected countries. Although has reported increased buyer interest in recent weeks, unable to to make a revised forecast of 2020.

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Tri-Star Resources PLC - Minerals processing firm - By end of second quarter of 2020 individual parts of antimony and gold production facility in Oman, known as Strategic & Precious Metals Processing LLC, are operating at 50% of capacity. Expects to reach 100% capacity by March 31, 2021, a three month delay from original expectation in May.

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eEnergy Group PLC - energy efficiency services provider based in London - Welcomes UK Chancellor Rishi Sunak's decision to ring-fence GBP1 billion of funding for energy efficiency improvements. Would be "delighted" to work with government to help roll out LED lighting across more UK schools.

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BigDish PLC - Jersey-based restaurant booking platform - Welcomes UK Chancellor initiatives announced on Wednesday, including "Eat Out To Help Out" time-based discounts in August, value-added tax reduction to 5% from 20%. Considers announcement "the right incentives" to kickstart the hospitality sector, and creates "interesting scenario" for company and its reservation platform.

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Hibernia REIT PLC - Ireland-focused real estate investment trust - For second quarter ended September, 87% of commercial rent collected within seven days. For first quarter to the end of June, 96% of rent collected, and 100% for final quarter of prior financial year.

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Advanced Medical Solutions Group PLC - Cheshire-based wound care specialist - Expects revenue for first half of 2020 to be GBP39 million, down from GBP48.7 million the year before due to both business units being hit hard by Covid-19. Pretax profit expected between GBP5 million to GBP6 million, down from GBP12.8 million the year before. Looking ahead, expects sales impact of Covid-19 to reduce in second half of 2020.

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IMImobile PLC - cloud communications - Gross profit for first quarter ended June 30 up 20% year-on-year, due to profit rise in Cloud communications products. Volume levels in Banking, Mobile Operators and Logistics offset weaker levels in Healthcare, SMB and Retail. Expects to report rise in gross profit for full financial year ended March 31.

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DWF Group PLC - legal firm - Reports strong trading in first two months of financial year with revenue up 21% year-to-year due to acquisitions of RCD and Mindcrest. Earnings before interest, taxes, depreciation and amortisation to be ahead of prior year by GBP3 million. Remains cautiously optimistic about full financial year despite potentially challenging economic conditions.

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Ceres Power Holdings PLC - fuel cell technology - Revenue for year ended June 30 to be around GBP20 million, up 20% to 25% from GBP15.3 million the year before. Weichai relationship going well, but Covid-19 delays expected to impact timeline for joint venture formation. Expects to sign new customer partnerships in the second half of the year.

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Science in Sport PLC - London-based sports nutrition supplements maker - Revenue for first half of 2020 at GBP23.6 million, down 5% at GBP24.9 million, reflecting second quarter disruption caused in all markets by Covid-19 pandemic. Believes it too early to reinstate financial guidance.

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Premier Miton Group PLC - asset manager - closing assets under management as at June 30 at GBP10.3 billion, up from GBP9.1 billion at March 31, due to inflows from single strategy funds, particularly the European equity investment team, as well as a slowdown in outflows across multi-asset and fixed income products.

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Escape Hunt PLC - London-registered operator of escape rooms - Welcome UK Chancellor's new initiatives. All eight of venues in England expected to reopen on Saturday.

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Charles Stanley Group PLC - stockbroker - Funds under management and administration at June 30 up 12% at GBP22.6 billion from March 31 at GBP20.2 million. For three-month period, revenue up 1.7% to GBP42.2 million from GBP41.5 million, due to increased fee income and higher trading volumes in Commission income.

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Telit Communications PLC - London-based internet of things enabler - Expects adjusted Ebitda for first half of 2020 ahead of USD16 million achieved for same period in 2019. Revenue expected to be USD166.5 million, down from USD180.3 million. Expects 2020 revenue to be below the USD382.8 million achieved in 2019, but Ebitda set to meet expectations.

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Caledonia Mining Corp PLC - Zimbabwe-focused gold miner - For second quarter ended June 30, produces 13,499 ounces of gold, increased by 6.2% from 12,712 ounces the same period the year before. First half production at 27,732 ounces, up 13% year-on-year from 24,660 ounces. Maintains 2020 production guidance at 53,000 to 56,000 ounces.

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Central Asia Metals PLC - metals explorer and developer - First half of 2020 copper production at 6,607 tonnes, up from 6,594 tonnes the year before. Zinc up 12,203 tonnes from 11,517 tonnes, and lead output up to 15,140 tonnes from 14,357 tonnes. Production on track to meet 2020 production guidance, with copper between 12,500 - 13,500 tonnes, zinc between 23,000 - 25,000 tonnes and lead between 30,000 - 32,000 tonnes.

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JKX Oil & Gas PLC - oil & gas firm - production for first half of 2020 up 3% at 10,445 barrels of oil equivalent per day from 10,132 boepd the same period year before.

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Town Centre Securities PLC - property investor and car park operator - GBP9.8 million, or 83% of total rent agreed on for third and fourth quarter of financial year ended June 30. GBP8.7 million of rent has been collected, while GBP1.1 million has agreed to be deferred.

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RBG Holdings PLC - professional services - Revenue from Rosenblatt-earned fees for first half of 2020 up by 38% to GBP11.4 million from GBP8.2 million, however no revenue gained from Litigation Finance sales from GBP2 million the year before.

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Robert Walters PLC - recruitment firm - Fee income for second quarter of 2020 down 33% at GBP71.1 million from GBP106.4 million the year before.

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Deltex Medical Group PLC - haemodynamic monitoring - Revenue for first half of 2020 was GBP1.2 million, down from GBP2.0 million the year before due to periodic declines in probe sales. However recent sales in US and international network of distributors resuming.

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Ariana Resources PLC - gold explorer - Gold production for second quarter of 2020 was 4,679 ounces, down from 6,438 ounces the same quarter the year before. Silver production down at 61,986 ounces from 82,988 the year before.

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CPL Resources PLC - Dublin-based recruiter - Adjusted pretax profit for full year ended June 30 set to be in line with market expectations, but expects market conditions to continue impact its results for current financial year.

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Tracsis PLC - traffic data & transportation services - Expects to report revenue for year to the end of July at around GBP46 million, down from GBP49.2 million the year before.

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Steppe Cement Ltd - Kazakhstan-focused construction materials firm - For first half of 2020, sold 764,752 tonnes of cement for KZT13.68 billion, or USD33.2 million, down from 780,315 tonnes for KZT14.08 billion the same period the year before. Average price also dropped year-on-year to KZT17,884 per tonne from KZT18,042.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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IN BRIEF: Steppe Cement shares plunge as first quarter sales drop

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