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UK TRADING UPDATE SUMMARY: NHS Uses Induction Healthcare's Mobile App

Thu, 16th Apr 2020 14:57

(Alliance News) - The following is a round-up of updates by London-listed companies on the impact of the Covid-19 pandemic, issued on Thursday and late Wednesday and not separately reported by Alliance News:

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Induction Healthcare Group PLC - healthcare technology - Says majority of doctors in UK National Health Service using Induction healthcare information mobile application. Says demand for company's tools have increased as a result of Covid-19 outbreak.

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N4 Pharma PLC - pharmaceuticals - Receives Covid-19 plasmid DNA from National Institute for Health in US. Researching whether Nuvec medication can produce Covid-19 antibodies.

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Target Healthcare REIT PLC - healthcare property investor - Received rent collection for March quarter in line with usual collection patterns. Says confirmed Covid-19 cases affecting fewer than 5% of beds in its portfolio.

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Two Shields Investments PLC - investor - Portfolio company BrandShield warns of increase in phishing scams during the pandemic. Warns that illicit scams target users of streaming services, 639 new domain names with the word Netflix were registered since beginning of 2020.

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Morses Club PLC - lender - Launches remote lending product. Says 33% of collections transferred from face-to-face to remote over past three weeks.

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Charles Stanley Group PLC - wealth manager - Funds under management down 20% to GBP20.2 billion in three months to March from GBP25.3 billion in December amid market volatility.

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Management Consulting Group PLC - consultants - Says 2020 started promisingly but trading began to suffer in Asia in February due to pandemic. Disruption spread to other regions in March. Targeting, unconnected to Covid-19, GBP4 million in annual cost savings.

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Dillistone Group PLC - recruitment software - Had "strong" start to 2020 prior to Covid-19 impact. Says demand suffered due to pandemic. Says no full-year guidance and delays annual results, initially penned to be reported on April 27.

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Gaming Realms PLC - mobile games - Delays full-year results that were initially planned for this week. Audit yet to be completed due to Covid-19 disruption.

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Sportech PLC - gambling software - Delays annual general meeting due to Covid-19. AGM to be held before end of June, but not on May 20 as initially planned. Chair and chief executive officer take 50% pay cuts, salary freeze implemented, and "significant" number of staff furloughed.

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Escape Hunt PLC - escape room experiences - Has furloughed 124 staff and expects VAT and other tax deferrals. Says some landlords have allowed for rent payments to be deferred and senior staff have taken 25% pay cut. Company's monthly cash costs slashed by 70%.

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Revolution Bars Group PLC - bar operator - Increases Natwest revolving credit facility to GBP30.0 million until August 31.

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Hornby PLC - toys and hobby products - Benefiting from government support schemes in markets where it operates. Says full-year revenue and gross margin ahead of year prior but no financial guidance of Covid-19 impact due to uncertainty.

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Walker Greenbank PLC - interior furnishings - Closed factories in UK as well as showrooms elsewhere in New York and Paris. Accessing government support schemes "wherever possible". Vast majority of employees furloughed and management team take 20% salary reduction.

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Haydale Graphene Industries PLC - advanced materials - Still assessing full impact of virus but notes falling demand for silicon carbide blanks. Taking advantage of US and UK government support schemes.

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Woodbois Ltd - forestry and timber - Says first quarter revenue up 10% year-on-year amid no Covid-19 demand hit until end of quarter. Factories in Gabon closed due to lockdown.

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DX Group PLC - freight and delivery - Says delivery activity down by 33% immediately after UK government lockdown. Furloughs some employees and has cut spending.

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Volex PLC - power products - Sales for the year ended April 5 up 5.4% to USD392 million from USD372 million. Expects future trading to be hit by government containment measures due to Covid-19.

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Proton Motor Power Systems PLC - fuel cell technology - No case of Covid-19 at factories. Protective measures in place at Puchheim, Munich unit.

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Amedeo Air Four Plus Ltd - aircraft leasing - Customer Emirates seeking financial accommodation. Amedeo asks asset manager to continue talks with the airline and its lending banks.

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TP Group PLC - engineering services - To build gas production equipment in response to Covid-19. Says equipment will be able to produce medical gases.

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Kodal Minerals PLC - exploration and development - Granted renewal of exploration permits at Dabakala and Korhogo gold projects in Cote d'Ivoire. Notes planned activity at joint-venture projects with Resolute Mining Ltd postponed due to virus.

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SolGold PLC - gold and copper miner - Receives expressions of interest for potential concentrate offtake at Alapala project, Ecuador. Says 10 received and more expected when Covid-19 restrcitions lifted.

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Hummingbird Resources PLC - gold miner - No material production hit from Covid-19 but risk mitigation measures in place. First quarter production down 11% quarter-on-quarter to 30,282 ounces of gold poured.

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Capital Drilling Ltd - mining services - Says mining operations continue uninterrupted despite Covid-19 uncertainty. Supply chain movement mainly land and sea based so largely unaffected by travel curbs. First-quarter revenue rises 20% to USD32.5 million.

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Base Resources Ltd - mineral explorers - Says operations at Kwale, Kenya continued uninterrupted so full-year guidance maintained. In quarter-ended March, ilmenite production up 20% year-on-year, rutile up 17% and zircon rises 32%.

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Reabold Resources PLC - oil project investor - Drilling at IMIC-2 well in 50%-owned Danube project, Romania delayed due to Covid-19 border closures. Reports commencement of activity at West Newton B site onshore UK.

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Tlou Energy Ltd - gas and solar projects - Says cost reductions in place to counter Covid-19 impact. Notes state of national emergency declared in Botswana.

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Great Western Mining Corp PLC - explorer - Application for surface disturbance works at Nevada acreage accepted in "timely manner" despite Covid-19 outbreak.

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Anglo Asian Mining PLC - gold, silver and copper producer - Reports 10% first quarter fall in gold equivalent production to 18,219 ounces. Says first quarter in line with guidance despite Covid-19 outbreak.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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11 Sep 2023 11:56

Tlou reports progress at Lesedi production pods

(Sharecast News) - Tlou Energy announced the successful completion of drilling activities at its Lesedi 4 and 6 production pods on Monday, marking a significant step forward in its ongoing gas production efforts.

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11 Sep 2023 10:39

Tlou Energy completes Botswana production drilling, plans dewatering

(Alliance News) - Tlou Energy Ltd on Monday said the lateral wells of the Lesedi 4 production pod in central Botswana have been successfully drilled.

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25 Jul 2023 20:47

IN BRIEF: Tlou Energy hails output pod drilling completion at Lesedi

Tlou Energy Ltd - Botswana and Southern Africa-focused energy company - Reports production pod drilling completion at Lesedi 6 in Botswana, as part of its gas-to-power-focused Lesedi project. Meanwhile, cash as at June 30 is AUD6.85 million, up sharply from AUD3.5 million at March 31. Further, a 66 volts overhead transmission line is around 79% complete, up from 11% in September 2022. The transmission line aims to connect a power generation plant at Lesedi to the Botswana Power Corp grid at Serowe.

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22 Jun 2023 20:34

TRADING UPDATES: Plant Health Care announces GBP2.8 million fundraise

(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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14 Jun 2023 14:30

IN BRIEF: Tlou Energy updates on drilling, transmission work at Lesedi

Tlou Energy Ltd - Company developing power solutions for Botswana through gas-fired power and ancillary projects - Drills the Lesedi 6P vertical production well to a depth of 589 million and intersects 6 metres of the target lower Morupule coal. Notes that the top sections of Lesedi 6A and Lesedi 6B lateral wells have also been drilled, both to a depth of 150 metres, plus an additional two metres following cementing. Explains the objective of the core-hole drilling is to provide additional geological control in the vicinity of the Lesedi 6 gas production pod. Adds that the core-hole determined the top and bottom of the target coal seam, close to where the lateral section of Lesedi 6A and Lesedi 6B will enter the coal. The core-hole was completed and logged after reaching a total depth of 535 metres and intersecting 6 metres of coal.

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12 May 2023 14:31

IN BRIEF: Tlou Energy launches fundraise for Botswana developments

Tlou Energy Ltd - Brisbane, Australia-based power project developer with operations in Botswana - Announces partially underwritten entitlement offer from ILC Investments Pty Ltd of around 304.2 million ordinary shares at 0.02 pence per share to raise GBP5.7 million. Says funds raised will go towards development of its projects in Botswana. This includes the construction of a transmission line to connect its Lesedi project to an electricity grid and the drilling of gas production wells.

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2 May 2023 17:29

TRADING UPDATES: Tlou receives loan to help fund Botswana operations

(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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13 Apr 2023 16:57

IN BRIEF: Tlou Energy begins work at Lesedi Gas-to-Power project

Tlou Energy Ltd - Brisbane, Australia-based power project developer with large gas field in Botswana - Says work has begun on the next phase of drilling at Tlou's Lesedi Gas-to-Power project. The Lesedi 6 gas production pod spudded on Monday and is at a depth of about 59 metres. The objective of the pod is to increase the volume of gas available to the company for power generation, Tlou says. Adds that once Lesedi 6 is drilled and completed, dewatering will commence and thereafter the well will start to establish an indicative gas flow rate.

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27 Mar 2023 17:09

IN BRIEF: Tlou Energy raises AUD200,000 via placing of new shares

Tlou Energy Ltd - Brisbane, Australia-based power project developer with large gas field in Botswana - Raises AUD200,000, around GBP110,000, via a placing of 5.7 million new shares at an issue price of AUD0.035 each. The funds have been raised from Australian-based "sophisticated investors" and will go towards development of Tlou's Lesedi project in Botswana. Says issue price represents approximately a 5.4% discount to the closing Australian Securites Exchange share price on March 24 of AUD0.037.

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15 Mar 2023 15:36

TRADING UPDATES: SigmaRoc Sweden boost; Mosman's Cinnabar-1 success

(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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9 Mar 2023 14:32

EARNINGS SUMMARY: Franchise Brands blooms; Tlou Energy loss widens

(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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27 Jan 2023 10:05

IN BRIEF: Tlou Energy cash falls as expects to drill at Lesedi 6 soon

Tlou Energy Ltd - Brisbane, Australia-based power project developer - Expects completion of a 100 kilometre transmission line at Lesedi project in Botswana expected for mid-2023. Expects drilling at Lesedi 6 production pod to start in the first quarter of 2023. Meanwhile, no ground operations have been carried out so far at Boomslang project in Botswana, where the license is set to expire in June 2024. Tlou Energy adds that its cash position at December 31 was AUD6.1 million, down 22% from AUD7.9 million at June 30.

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11 Jan 2023 15:47

UK shareholder meetings calendar - next 7 days

Thursday 12 January 
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JPMorgan Japanese Investment Trust PLCAGM
Friday 13 January 
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Monday 16 January 
4D Pharma PLCGM re update on administration and suspension of trading
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Beowulf Mining PLCGM re capital raise
Egdon Resources PLCAGM
Finsbury Growth & Income Trust PLCAGM
Ironveld PLCAGM
Orcadian Energy PLCAGM
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Wednesday 18 January 
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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