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UK TRADING UPDATE SUMMARY: Gym Group Fighting Fit With Fresh York Unit

Wed, 07th Oct 2020 18:20

(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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Gym Group PLC - operator of 183 gyms - Signs 15-year lease for new gym in York set to open in first-quarter of 2021. "Importantly, it has onsite car parking and fits The Gym Group's strict operational and financial criteria," company said. "It will create 12 jobs following the investment of approximately GBP1.4 million."

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Codemasters Group Holdings PLC - Warwickshire-based video game developer - Says trading "remained strong" in first half ended September 30. Expects revenue of GBP80.5 million from GBP39.8 million in year prior. Adjusted earnings before interest, tax, depreciation and amortisation tipped to jump annually to GBP21 million from GBP9.4 million. "Trading in H1 2021 benefitted from the launch of F1 2020, Fast & Furious Crossroads, Project CARS 3, and continued sales of the company's back catalogue of games - in particular F1 2019 and DiRT Rally 2.0," Codemasters.

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Gaming Realms PLC - mobile gaming content developer - Signs license agreement with NetEnt. Slingo games to be developed using NetEnt's intellectual property, starting with Slingo Starbust. "Under the terms of the agreement, Gaming Realms will have the right to license NetEnt's acclaimed slot brand, Starburst, to create a contemporary gaming experience that combines both Gaming Realms' popular Slingo genre and the iconic features of the Starburst slot game," Gaming Realms said.

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Audioboom Group PLC - podcast firm with offices in London, New York and Mumbai - Expands advertising sales operation to Canada by inking "strategic partnership" with Rogers Media, a unit of Rogers Communications, Canada's largest media business. Also reports new original content set to launch in Autumn.

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Mobile Streams PLC - mobile content and data intelligence company headquartered in London - Says its Streams insight platform to be launched as subscription service on October 14. Says platform will target UK and US market, which include 36 million small and medium-sized enterprises.

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Thruvision Group PLC - security system supplier - Reports "strong" second quarter ended September 30 and achieves first-ever breakeven interim earnings before interest, tax, deprecation and amortisation. Revenue during period inched lower to GBP4.7 million from GBP4.8 million, with gross margin steady at 48%.

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Ingenta PLC - Oxford-based publishing software developer - Agrees final terms with "major global publisher" on a multi-year contract for Ingenta's Vista as a Service platform. "The deal has been revenue-generating since April and is expected to generate revenue of up to GBP2 million over its initial three-year term, with the option to renew for a further two years at the client's discretion," Ingenta says.

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WANdisco PLC - data-management software company in Sheffield - Reports availability of public preview for its LiveData platform for Microsoft Corp's Azure. "Open public preview is a critical late stage phase of roll-out across Microsoft Azure ahead of a combined Microsoft and WANdisco go-to-market launch of the capability," WANdisco said. Expects to migrate more than 100 petabytes of data to Azure cloud in financial 2021.

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Argo Blockchain PLC - cryptocurrency miner based in the UK - Mines 127 bitcoin equivalent in September, compared to 166 in August. Year-to-date total at 2,128. "The lower number of coins mined in September compared to August can be attributed to the significant rise in mining difficulty throughout September," Argo said.

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Worsley Investors Ltd - investment firm - Closes placing programme with immediate effect. Says publication of annual report would otherwise trigger a supplementary prospectus being published.

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City of London Investment Group PLC - investment manager - Says funds under management at September 30, end of first-quarter, were USD5.9 billion, up 7.9% from USD5.5 billion at June 30 year end. To pay final dividend of 20 pence, bringing total payout to 30p, down 26% from 40.5p.

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Marwyn Value Investors Ltd - investment manager - Says master fund Marwyn Value Investors LP initial 74p per share in Safe Harbour Holdings PLC, GBP650,646 in total, in realisation proceeds. Says GBP836,757 to be returned to realisation shareholders and GBP163,889 to be distributed by Marwyn Value Investors LP.

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Mercia Asset Management PLC - regionally-focused asset manager - Portfolio company Warwick Acoustics Ltd secures GBP2.1 million of recent syndicated investment. Mercia provides GBP500,000 as part of investment. Warwick Acoustics, alongside University of Warwick, also secures GBP400,000 grant from Innovate UK.

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Merian Chrysalis Investment Co Ltd - London-based investor in later stage private companies - Raises GBP95 million in placing and PrimaryBid offer. "The board is pleased with the strong response to the Issue, with demand exceeding the initial target raise, which will enable the company's investment adviser to use equity funding in executing the investment in You & Mr Jones LLC," Merian said.

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Impax Asset Management Group PLC - sustainability-focused investor - Says assets under management at September 30 year end up 11% quarter-on-quarter to a record high of GBP20.2 billion, up 34% annually.

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Adamas Finance Asia Ltd - Asia-focused small business investor - Raises GBP2.0 million via open offer and placing. Reports GBP1.1 million of placement money delayed due to compliance checks in bank account of investor.

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Supermarket Income REIT PLC - UK-focused supermarket income trust - Raises GBP200 million in oversubscribed issue of 192.3 million shares at 104p each.

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Belvoir Group PLC - Lincolnshire, England-based property franchise group - Completes 100th deal under assisted acquisition programme. Says franchisee Mahomed Imtayas acquires Millenium Properties Ltd. "Since establishing the assisted acquisitions programme at the end of 2013, the Belvoir Group has now supported 100 acquisitions by its franchisees, with a total deal value of GBP25 million, boosting franchisee network revenue by GBP24 million," Belvoir said.

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Urban&Civic PLC - London-based property and land developer - Says realisation in year ended September 30 at 840 units, up from 665 units the year prior, despite lockdown. "Moreover, the trend remains upward: reservations in the fourth quarter from July to September were approximately 29% above pre lockdown levels in January through March. Reservation prices are at or above pre lockdown averages across all five sites," company says. "The board expects to resume the payment of dividends for the full year in the normal course. A decision as to quantum will await preparation of the full year accounts."

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President Energy PLC - independent oil and gas company focusing on Latin America - Well LB-1001 in Rio Negro, Argentina drilled on time and on budget. "The logging results are in line with the anticipated probable pre-drill estimates for reserves and production potential," President Energy adds.

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Ferro-Alloy Resources Ltd - vanadium mining and processing company operating in Kazakhstan - Reports 188 tonnes of vanadium pentoxide produced in nine months ended September 30, up 72% year-on-year. Posted record 90 tonnes in third quarter alone, more than doubled annually.

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Caledonia Mining Corp PLC - southern Africa-focused exploration and development company - Appoints renewable energy provider Voltalia as contractor for Blanket Mine in Zimbabwe.

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Amur Minerals Corp - Russian mineral exploration company - Receives first interest payment for quarter ended September 30 from investment in convertible loan note in Nathan River Resources Pte Ltd, owner of Roper Bar iron ore project, Australia.

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Trinity Exploration & Production PLC - Trinidad & Tobago focused oil exploration and production company - Notes proposed reforms in Trinidad & Tobago to encourage investment in energy sector. Measures include lifting supplemental petroleum tax to USD75 a barrel from USD50 a barrel. "The proposed Budget reform of the SPT regime is extremely positive for Trinity, and for all the smaller oil producers operating in Trinidad," Executive Chair Bruce Dingwall said.

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Rainbow Rare Earths Ltd - rare earth producer - Says trial mining at Gakara project, Burundi continuing to "strengthen". Says concentrate output improving to 59/9 tonnes per month from June to September, from 31.7 tonnes per months between October 2019 and May 2020. Plans increase to 100 tonnes per month.

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Bowleven PLC - oil & gas company - Says making good progress alongside joint-ventures at Etinde development, Cameroon. Partners reviewing commercial options in regards to gas offtake and final investment decision now expected in mid-2021 due to Covid-19 delays.

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Shanta Gold Ltd - East Africa-focused gold producer - Begins construction work at Singida gold project in Tanzania. Notes reserve-based mine plans give post-tax net present value, with 8% discount, of USD73 million. Average life of mine gold production of 32,000 ounces at costs of USD869 an ounce forecast.

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Jangada Mines PLC - natural resources company - Begins follow-up 2,000 metre drilling programme at Pitombeiras vanadium project, Brazil. "Programme is designed to upgrade the confidence of the current resource base as well as to expand its overall size," Jangada said.

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Vast Resources PLC - mining company - Recommences output at Baita Plai polymetallic mine in Romania. "Based on the success of the recommencement of mining activity, the company can confirm that it is on track to meet its October production and sales targets," Vast says.

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Altyn PLC - Kazakhstan-focused miner - Notes equipment such as Korfmann ventilators and Lupamat compressors in place at Sekisovskoye underground mine.

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Cambridge Cognition Holdings PLC - Cambridge-based neuroscience technology firm - Wins GBP750,000 two-year health contract to provide cognitive tests and electronic clinical outcome assessments for an Alzheimer's trial.

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Polarean Imaging PLC - medical imaging products developer - Submits new drug application to US Food & Drug Administration for hyperpolarised 129xenon gas used to assess pulmonary function and visualise lungs using an MRI scan.

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Yourgene Health PLC - molecular diagnostics firm - Awarded pact with St George's hospital, London, for non-invasive prenatal testing using its IONA Nx NIPT Workflow. "The contract, subject to signing by both parties, has been awarded after a competitive tender process and will extend Yourgene's existing partnership with St George's for a further three years, with testing volumes expected to increase over the contract period," Yourgene said.

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Nuformix PLC - pharmaceutical development firm - Places 23.2 million shares at 2.8p each, raising GBP650,000. Proceeds will help "strengthen group data packages for treating the effects of Covid-19" and "maximise opportunities for development pipeline especially lead asset, NXP002," Nuformix said.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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11 Jan 2024 11:38

IN BRIEF: Trinity Exploration shares down as annual sales miss target

Trinity Exploration & Production PLC - exploration and production company, focused on oil projects in Trinidad & Tobago - Says sales volumes for fourth quarter of 2023 averaged 2,736 barrels of oil per day, up 1.1% from 2,705 barrels in the third quarter. Full-year volumes averaged 2,790 bopd, down 6.2% from 2,975 bopd in 2022 and "marginally below" previous guidance of between 2,800 and 2,900 bopd. Quarterly onshore sales averaged 1,462 bopd, down 2.1% from 1,493. Average realisation of USD71.6 per barrel in the fourth quarter is down from USD75.4 the prior year. Pre-hedging earnings before interest, tax, depreciation and amortisation decreases to USD4.1 million from USD7.0 million.

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4 Jan 2024 14:28

IN BRIEF: Trinity Exploration up after Trinidadian reform takes effect

Trinity Exploration & Production PLC - exploration and production company, focused on oil projects in Trinidad & Tobago - Says the Trinidad & Tobago Finance Act 2023, approved by the country's president in December, has now taken effect. The act drops the supplemental petroleum tax rate for small shallow marine area producers, defined as petroleum producers in marine areas producing less than 4,000 barrels of crude oil per day. All existing offshore production as well as future growth projects which fall under this limit "will benefit significantly from this reform", Trinity says.

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Trinity Exploration experiences operational challenges at Jacobin well

(Alliance News) - Trinity Exploration & Production PLC on Monday said that operational challenges had slowed production at its Jacobin oil discovery project.

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29 Nov 2023 14:25

TRADING UPDATES: Synectics announces contract win; LifeSafe revenue up

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

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EARNINGS AND TRADING: Active Energy notes Ashland delay; MTI profit up

(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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8 Nov 2023 13:05

Trinity Exploration makes progress at Jacobin oil discovery

(Sharecast News) - Trinity Exploration updated the market on its operations at the Jacobin oil discovery in Trinidad and Tobago on Wednesday.

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8 Nov 2023 11:27

IN BRIEF: Trinity Exploration wants to restart Jacobin production test

Trinity Exploration & Production PLC - Leeds-based exploration and production company focused on Trinidad & Tobago - Intends to restart production test at Jacobin well "imminently" to obtain a sustained flow rate. Says well is cleaning-up with an initial mixed flow comprising oil, water and completion fluids, with no visible sign of sand at the surface. This comes after it reported last week that operations to bring the well back into production started on a 3/64th-inch choke, and were gradually increased to an 8/64th-inch choke.

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8 Nov 2023 11:14

AIM WINNERS & LOSERS: eEnergy surges after Luceco backing

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

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23 Oct 2023 14:38

Trinity Exploration reduces guidance as sales volumes go down

(Alliance News) - Trinity Exploration & Production PLC shares fell on Monday after the company reduced its full-year sales guidance due to a drop in quarterly sales volumes.

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23 Oct 2023 11:26

Trinity Exploration confident after Jacobin setbacks

(Sharecast News) - Trinidad and Tobago-focussed Trinity Exploration updated the market on its third quarter on Monday, reporting that preparations for production testing had been underway after the Jacobin oil discovery in the Palo Seco area of onshore Trinidad in August.

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4 Oct 2023 11:53

IN BRIEF: Trinity Exploration expects boost from government proposals

Trinity Exploration & Production PLC - Independent exploration and production company focused on Trinidad & Tobago - Welcomes the Government of Trinidad & Tobago's stated intention to stimulate "higher levels of activity and investment" in the energy sector, as set out in its budget statement for next year, delivered on October 2. The statement included a proposal to change the Supplemental Petroleum Tax regime for shallow marine areas similar to reforms that have been made previously to onshore activities.

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IN BRIEF: Trinity Exploration declares dividend as swings to profit

Trinity Exploration & Production PLC - an independent exploration and production company focused on Trinidad & Tobago - Interim pretax profit in the first half of 2023 is USD1.1 million, swung from a loss of USD322,000 a year prior. Revenue falls to USD33.8 million from USD48.5 million. However, operating expenses decrease to USD23.4 million from USD35.7 million. Average realised oil price falls 28% to USD65.2 per barrel from USD90.1 a year ago. Average net sales fall to 2,861 barrels of oil per day from 2,974 bopd. Meanwhile, overdraft facility grows 60% to USD8.0 million as at August 25 following upsized credit facility with FirstCaribbean International Bank (Trinidad & Tobago) Ltd, from USD5.0 million before the upsized facility. Company declares inaugural interim dividend of 0.5 pence per share. Looking ahead, Chief Executive Officer Jeremy Bridglalsingh expects further progress and a "very busy and exciting time for Trinity."

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21 Sep 2023 15:48

UK earnings, trading statements calendar - next 7 days

Friday 22 September 
Ascential PLCHalf Year Results
Ergomed PLCHalf Year Results
First Tin PLCHalf Year Results
t42 IoT Tracking Solutions PLCHalf Year Results
t42 IoT Tracking Solutions PLCTrading Statement
Monday 25 September 
Alphawave IP Group PLCHalf Year Results
Devolver Digital IncHalf Year Results
Dialight PLCHalf Year Results
Getech Group PLCHalf Year Results
Ondine Biomedical IncHalf Year Results
Real Estate Investors PLCHalf Year Results
SpaceandPeople PLCHalf Year Results
Spectra Systems CorpHalf Year Results
Transense Technologies PLCFull Year Results
Venture Life Group PLCHalf Year Results
Wilmington PLCFull Year Results
Tuesday 26 September 
Alliance Pharma PLCHalf Year Results
AG Barr PLCHalf Year Results
Animalcare Group PLCHalf Year Results
Asos PLCTrading Statement
Boku IncHalf Year Results
Card Factory PLCHalf Year Results
Cambridge Cognition Holdings PLCHalf Year Results
Close Brothers Group PLCFull Year Results
Diaceutics PLCHalf Year Results
DigitalBox PLCHalf Year Results
Dillistone Group PLCHalf Year Results
EKF Diagnostics Holdings PLCHalf Year Results
Ferguson PLCFull Year Results
Finsbury Food Group PLCFull Year Results
IQGeo Group PLCHalf Year Results
Learning Technologies Group PLCHalf Year Results
LifeSafe Holdings PLCHalf Year Results
Mission Group PLCHalf Year Results
Mortgage Advice Bureau Holdings PLCHalf Year Results
NAHL Group PLCHalf Year Results
Next 15 Group PLCHalf Year Results
Newmark Security PLCFull Year Results
NIOX Group PLCHalf Year Results
Origin Enterprises PLCFull Year Results
PZ Cussons PLCFull Year Results
Safestay PLCHalf Year Results
Smiths Group PLCFull Year Results
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Avingtrans PLCFull Year Results
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Biome Technologies PLCHalf Year Results
BioPharma Credit PLCHalf Year Results
Chapel Down Group PLCHalf Year Results
Everyman Media Group PLCHalf Year Results
Fadel Partners IncHalf Year Results
NCC Group PLCFull Year Results
Old Mutual LtdHalf Year Results
Pantheon Infrastructure PLCHalf Year Results
Pendragon PLCFull Year Results
Plant Health Care PLCHalf Year Results
Safestyle UK PLCHalf Year Results
Saga PLCHalf Year Results
Skillcast Group PLCHalf Year Results
Surface Transforms PLCHalf Year Results
Xeros Technology Group PLCHalf Year Results
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Atlantic Lithium LtdFull Year Results
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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4 Sep 2023 12:02

Trinity Exploration begins assessment for Buenos Ayres block, Trinidad

(Alliance News) - Trinity Exploration & Production PLC on Monday said it has begun the environmental impact assessment for the Buenos Ayres block, onshore Trinidad.

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