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Share Price: 2.60
Bid: 2.50
Ask: 2.70
Change: -0.20 (-7.14%)
Spread: 0.20 (8.00%)
Open: 2.75
High: 2.75
Low: 2.45
Prev. Close: 2.80
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EARNINGS UPDATES: Caledonian swings to profit; Caracal revenue falls

Fri, 31st Mar 2023 21:09

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

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Marwyn Acquisition Co II Ltd - Acquisition vehicle - For six months ended December 31, reports pretax loss of GBP1.2 million, widened from GBP658,746 a year prior. Total assets amount to GBP10.0 million, from GBP11.1 million year-on-year.

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Caledonian Trust PLC - Edinburgh-based property investment and development company - For six months to December 31, swings to pretax profit of GBP353,000 from GBP196,000 loss year-on-year. Reports total revenue of GBP2.2 million, up from GBP167,000 a year prior.

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Tern PLC - Investor focused on the internet of things - Says that Wyld Networks AB, in which it holds 40% of equity, reports total fourth quarter income of SEK2.5 million, around GBP195,400, from SEK3.2 million a year prior. Earnings per share loss widens to SEK1.17 from SEK0.56 year-on-year. Wyld launched its satellite Internet of Things network after three years of development work, agreements with over 40 launch partners and an order backlog of SEK 35 million by end of the fourth quarter. This has now more than doubled to SEK 76 million by mid-March 2023, "demonstrating significant demand".

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Online Blockchain PLC - London-based blockchain research and development company - Reports first half pretax profit of GBP501,000, swung from loss of GBP468,000 the previous year. Sees revaluation gain from ADVFN investment of GBP932,000, versus none last year. Revenue fell to GBP14,000 from GBP24,000. Online Blockchain expects continued turbulence over the next six months, but remains optimistic about strong media and social platform interest in its Rocky Horror non-fungible token, based on The Rocky Horror Show.

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Roebuck Food Group PLC - Newry, Northern Ireland-based protein and product sourcing company - For 2022, reports pretax profit GBP217,000, swung from loss of GBP1.1 million. Revenue was GBP31.4 million, up from GBP24.3 million, while cost of sales widened to GBP30.8 million from GBP24.1 million a year prior. Roebuck expects average farmgate milk prices in 2023 to weaken versus 2022. However, it still anticipates delivering "above average returns" this year.

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Caracal Gold PLC - East Africa-focused gold producer - Posts first half revenue of GBP2.4 million, down from GBP4.4 million a year ago. Reports pretax loss of GBP3.7 million, widened from GBP8.4 million. Says work is still ongoing to increase production at its flagship Kilimapesa Gold Mine.

After the period end, the firm told investors that previously planned OCIM financing of USD10 million would not be proceeding. As a result, the previously announced Philoro funding was put on hold. Negotiation of the USD1.5 million Mill End financing is subsequently still ongoing. Caracal is progressing discussions, including technical and legal due diligence, with several potential financiers in order to provide the funding required to complete the Kilimapesa expansion project.

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By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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27 Dec 2023 10:45

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29 Nov 2023 11:29

IN BRIEF: Tern transfers 75% holding in Konektio to deferred shares

Tern PLC - Investor specialising in supporting early-stage 'internet of things' technology businesses - Confirms that 75% of its holding in InVMA Ltd, which trades as Konektio, has now been transferred to a valueless class of deferred shares. Further, Bruce Leith has stepped down from the Konektio board as Tern's representative.

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8 Nov 2023 11:48

Tern opts out of further investment in Konektio

(Sharecast News) - Internet-of-things investor Tern announced on Wednesday that it has decided not to further invest in its portfolio company InVMA, operating as Konektio.

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Tern shares fall as it opts out of further Konektio investments

(Alliance News) - Tern PLC shares dropped on Wednesday morning, as it said it has decided not to invest further in its portfolio company InVMA Ltd, which trades as Konektio.

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UK shareholder meetings calendar - next 7 days

Wednesday 20 September 
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Frasers Group PLCAGM
Games Workshop Group PLCAGM
Hidong Estate PLCAGM
IG Group Holdings PLCAGM
Ilika PLCAGM
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Quiz PLCAGM
Seed Innovations LtdAGM
STS Global Income & Growth Trust PLCAGM
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Ascent Resources PLCGM re audited annual accounts
Intercede Group PLCAGM
Kore Potash PLCGM re capital raise
Liontrust Asset Management PLCAGM
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Stranger Holdings PLCAGM
SysGroup PLCAGM
TI Fluid Systems PLCGM re waiver resolution
Odyssean Investment Trust PLCAGM
Monday 25 September 
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BSF Enterprise PLCGM re placing, subscription and broker warrants
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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16 Aug 2023 12:01

LONDON MARKET MIDDAY: Stocks down; UK inflation cools in July

(Alliance News) - Stock prices in London were lower at midday on Wednesday, as investors digest some mixed inflation figures and the impact they will have on the Bank of England's next move.

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AIM WINNERS & LOSERS: Belluscura receives orders for 6,500 Discov-R

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16 Aug 2023 09:04

Tern shares fall as interim loss widens amid portfolio value decline

(Alliance News) - Tern PLC on Wednesday reported an increased loss as the valuation of the portfolio contracted.

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10 Aug 2023 13:53

Tern notes three departures, including its finance chief, to cut costs

(Alliance News) - Tern PLC on Thursday announced a number of changes to its board in a bid to cut costs, including Chief Financial Officer Sarah Payne leaving to take up a position at another company.

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4 Aug 2023 16:49

LONDON MARKET CLOSE: Stocks end in the green after difficult week

(Alliance News) - Stocks in London ended on a positive note on Friday, following a tumultuous couple of days following a US credit rating cut and another interest rate hike from the Bank of England.

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4 Aug 2023 13:54

Tern shares skyrocket as investee Wyld signs agreement with SpaceX

(Alliance News) - Tern PLC on Friday reported that its portfolio company Wyld Networks AB signed an agreement with Space Exploration Technologies Corp, a spacecraft engineering company led by Elon Musk.

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29 Jun 2023 14:11

TRADING UPDATES: tinyBuild bemoans disappointing interim performance

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Pires Investments swings to a loss in "testing" year for company

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