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TRADING UPDATES: Northcoders to expand; Pennant expects revenue growth

Tue, 31st Aug 2021 11:39

(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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Northcoders Group PLC - provider of training programmes for software coding - Delivers strong performance for the first eight months of its financial year ending August 31, with contracted revenue making up 90% of the annual revenue target. Looking ahead, aims to launch new technology products in the first quarter of 2022, which is expected to diversify apprenticeship revenue streams from its core coding and software focused programmes.

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Pennant International Group PLC - London-based provider of aerospace training software - For the first half of 2021, expects to report revenue at GBP7.4 million, up 17% from GBP6.3 million the year before, leading to a narrowed loss before interest, tax and amortisation of GBP1.0 million, compared to GBP2.5 million. Looking ahead, expects a significantly improved performance in the second half of 2021, leading to an Ebita profit for the period. As a result, company expects annual performance to meet market expectations.

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RUA Life Sciences PLC - Glasgow-based medical devices using polymer technology and formerly known as AorTech International - Reports good progress across all business areas despite supply chain disruption de to Brexit related-customs issues and staff shortages at suppliers due to Covid. In RUA Medical, order intake for major customer in US has returned to pre-Covid levels, while there is confidence in securing a manufacturing contract for medical textile components. Will purchase an industrial unit in Irvine, as the current unit will be exhausted upon the ramp up of graft production.

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Home REIT PLC - London-based real estate investment trust - As at July 31, net asset value per share is 104.6 pence, up 6.8% from the figure at its IPO on October 12, 2020, with property portfolio valued at GBP328 million. From June 3 to date, has acquired ten portfolios comprising 108 properties across England for GBP33.2 million in aggregate. Also announces intent to raise GBP262 million through placing, intermediaries offer and subscription for new shares worth 109 pence each, which will go towards further acquisitions.

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Lamprell PLC - Sharjah, United Arab Emirates-based engineer for the energy industry - Remains in discussions with three regional banks on USD90 million of Export Credit Agency-backed facilities for the completion of two IMI rigs. The facilities are expected to be made up of two equal tranches and be agreed on in the third and fourth quarter of 2021 respectively. Company itself also expects to raise at least USD30 million through equity in the fourth quarter.

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Supply@Me Capital PLC - London-based inventory monetisation platform - For the first half of 2021, Investment Advisory revenue up 28% year-on-year at GBP272,000 from GBP212,000 the year before, while the Captive: Inventory Monetisation platform generated revenue of GBP271,000 compared to none the prior year.

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Jersey Oil & Gas PLC - oil & gas company ‎focused on UK - Continues progress on Greater Buchan Area development project, with pre-Front-End Engineering & Design work programme completed, and the FEED entry, along with the previously advised Final Investment Decision and first oil dates to be rephased one near-term studies on electrification have progressed far enough. The farmout process is ongoing.

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Schroder BSC Social Impact Trust PLC - investment firm focused on positive social impact as well as long-term capital growth and income - Reports process of completeing a co-investment secured loan, which when signed will mark the full commitment of net proceeds from the company's IPO. In light of this, Schroder BSC is consulting with investors for a potential equity raise.

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Union Jack Oil PLC - Bath, England-based production, development, exploration and investment firm - and Reabold Resources PLC - London-based investor in natural resources - Report progress on the ongoing testing of the West Newton B-1Z well, located in the Southern Permian Basin, onshore UK. Union Jack Oil holds about 17% economic interest in PEDL183, while Reabold has about 17% direct stake and holds 59% shareholding in Rathlin, which, in turn, has a about 67% interest in PEDL183. The companies say testing of the B-1Z well to date has led to the recovery of gas and liquid hydrocarbons to surface. Despite the positive results the Kirkham Abbey reservoir has appeared sensitive to the drilling and completion fluids, due to signs of damage in near wellbore areas. As a result, B-1Z well will be suspended, and testing to take pplace at the A-2 well.

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Cornish Metals Inc - miner with assets in Cornwall - Drilling in Unitted Downs copper-tin project in Cornwall, UK has intersected high grade copper-tin mineralisation through five of the six drill holes, traced over a 200 metre-strike length and remains open along the strike. Results reported reflects a totla of 3,042 metres of drilling, with a further 5,000 to 6,000 metres planned.

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Castillo Copper Ltd - metals explorer in Australia and Zambia - Through the completion of eight induced polatisation survery lines at the Luanshya project in Zambia's copper-belt, multiple high chargeability targets have been identified within three lines which indicate the presence of sulphides. As a result, Castillo expects to start work on a drilling campaign in the fourth quarter of 2021, while the IP surveys will finish up at Luanshya then progress to the Mkushi project. In addition second drilling campaign at the Big One deposit has concluded.

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Thor Mining PLC - exploration and development company in Australia and the US - Reports significant copper and gold intercepts from the recently completed initial diamond drilling programms at the Alford East copper-gold project in the US. Results include the drill hole 21AED005, which reported 72.7 metres at 1.0% copper and 0.19 grams per tonne of gold from 6.3 metres. "The newly discovered broad zone of high copper and gold grades from near surface in 21AED005, combined with the significant intercepts in 21AED001 and 21AED002 takes this oxide mineralised system to a new level, reporting values well above the Mineral Resource Estimate grades," said Managing Director Nicole Warland.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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15 Nov 2023 11:41

IN BRIEF: Thor Energy shares surge on "significant" uranium find

Thor Energy PLC - US and Australia-focused mineral exploration company - Says drilling has revealed significant uranium mineralisation at its Wedding Bell and Radium Mountain projects in southwest Colorado. Reports up to 3,186 parts per million or 0.32% uranium at the Rim Rock mine along a strike of historic mined-out areas. Says 16 drillholes now complete at the Rim Rock and Section 23 prospects, with uranium mineralisation intercepted in all of them. Drilling will continue at Rim Rock before commencing at the Groundhog prospect. Thor Energy expects the drilling programme to conclude later this month.

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8 Nov 2023 14:12

IN BRIEF: Thor Energy says Investigator Resources starts Molyhil drill

Thor Energy PLC - London-based, US and Australia-focused mineral exploration company - Says Investigator Resources Ltd starts drilling at Molyhil tungsten project in northern Australia. Thor holds 100% stake in Molyhil. Last year, it executed an AUD8 million, or GBP4.2 million, farm-in and funding agreement with IVR to accelerate exploration at Molyhil.

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7 Nov 2023 18:11

TRADING UPDATES: Actual Experience appoints administrators

(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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3 Nov 2023 14:48

Thor Energy ups stake in Alford East project to 80pc

(Sharecast News) - Thor Energy increased its stake in the Alford East Copper Oxide Project to 80% on Friday, following the completion of the stage two expenditure obligations.

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3 Nov 2023 10:45

IN BRIEF: Thor Energy increases stake in Alford East project to 80%

Thor Energy PLC - London-based, US and Australia-focused mineral exploration company - Increases Alford East copper oxide project interest to 80% from after acquiring a further 29% interest from Spencer Metals Pty Ltd. Says Spencer received consideration of AUD250,000, or GBP131,854, in the form of around 9.3 million fully paid Thor shares issued on Friday at AUD0.027 per share. Managing Director Nicole Gallaway says: "As exploration accelerates at our Alford East Copper-REE project in collaboration with Fleet Space Technology, Thor is excited to have completed its stage 2 earn-in resulting in an 80% interest in this highly prospective project. This demonstrates our confidence in the Alford East project and the value we believe it can bring to the company."

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18 Oct 2023 13:30

IN BRIEF: Thor Energy starts uranium drilling at Colorado projects

Thor Energy PLC - London-based, US and Australia-focused mineral exploration company - Announces commencement of drilling at its 100%-owned Wedding Bell and Radium Mountain projects. Both are located in the Uravan mineral belt in southwest Colorado. Thor says the 4,000 metre drilling programme will target uranium mineralisation along strike of the Rim Rock and Groundhog mines and focus on testing for airborne anomalies. Company will conduct downhole gamma surveys throughout the programme. Drilling is expected to take four to six weeks with completion in late November, with sample analysis results expected in December or January. Says current uranium spot price is USD73 per pound.

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3 Oct 2023 09:59

Thor Energy surveying underway at Alford East using Fleet Space tech

(Alliance News) - Thor Energy PLC on Tuesday said its mineral exploration partnership with Fleet Space Technologies Pty Ltd has started at the Alford East copper project in South Australia with surveying underway.

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29 Sep 2023 14:35

EARNINGS: Supply@Me loss narrows; notes strong pipeline

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

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20 Sep 2023 19:15

TRADING UPDATES: Thor Energy fundraise to support drilling activities

(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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18 Sep 2023 11:38

IN BRIEF: Thor Energy halts Sydney trades due to planned capital raise

Thor Energy PLC - London-based uranium and vanadium explorer - Says trading of its shares on the Australian Securities Exchange in Sydney has been halted, effective Monday. This is in accordance with ASX listing rules due to its plans to raise capital towards funding its exploration activities, particularly towards its "priority" uranium assets. Says the trading of shares on AIM in London is unaffected. The ASX trading halt will remain in place until the earlier of Wednesday or a further release by the company, Thor Energy says.

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13 Sep 2023 18:54

Thor Energy hails government approval for testing at copper project

(Alliance News) - Thor Energy PLC on Wednesday celebrated after the South Australian government approved the first stage of in-groundwork at Kapunda, the firm's in-situ recovery project.

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4 Sep 2023 11:55

Thor Energy partners with Fleet Space for mineral exploration

(Alliance News) - Thor Energy PLC on Monday said it will collaborate with Fleet Space Technologies Pty Ltd to carry out ambient noise tomography surveys at the Alford East Copper-REE project in southern Australia.

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17 Aug 2023 16:19

Thor gets needed approvals for new drilling programme

(Sharecast News) - Thor Energy announced on Thursday that it has secured all the necessary approvals for its upcoming drilling operations in the Wedding Bell and Radium Mountain projects.

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AIM WINNERS & LOSERS: Tremor cuts guidance after soft first half

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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17 Aug 2023 09:22

Thor Energy gets all approvals needed for Colorado projects drilling

(Alliance News) - Thor Energy PLC on Thursday said it has received all approvals necessary for drilling at its 100%-owned Wedding Bell and Radium Mountain projects in Colorado, US.

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