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Share Price: 36.00
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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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24 May 2022 18:09

EARNINGS UPDATES: Topps Tiles in record revenue; Lords doubles profit

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

Read more
17 May 2022 16:01

UK earnings, trading statements calendar - next 7 days

Wednesday 18 May  
Aviva PLCTrading Statement
British Land Co PLCFull Year Results
Burberry Group PLCFull Year Results
Dev Clever Holdings PLCFull Year Results
Experian PLCFull Year Results
Future PLCHalf Year Results
Marston's PLCHalf Year Results
Mitchells & Butlers PLCHalf Year Results
N Brown Group PLCFull Year Results
Ninety One PLC and LtdFull Year Results
Polarean Imaging PLCFull Year Results
Premier Foods PLCFull Year Results
TBC Bank Group PLCQ1 Results
Watches of Switzerland Group PLCTrading Statement
Thursday 19 May  
Atalaya Mining PLCQ1 Results
Auction Technology Group PLCHalf Year Results
Bank of Cyprus Holdings PLCQ1 Results
Countryside Partnerships PLCHalf Year Results
Dialight PLCTrading Statement
easyJet PLCHalf Year Results
Ecofin Global Utilities & Infrastructure Trust PLCHalf Year Results
Essentra PLCTrading Statement
Euromoney Institutional Investor PLCHalf Year Results
Fevertree Drinks PLCTrading Statement
Gamma Communications PLCTrading Statement
Great Portland Estates PLCFull Year Results
Idox PLCTrading Statement
Inspecs Group PLCFull Year Results
Investec PLCFull Year Results
JPMorgan Japanese Investment Trust PLCHalf Year Results
National Grid PLC Full Year Results
Purplebricks Group PLCTrading Statement
Qinetiq Group PLCFull Year Results
Royal Mail PLCFull Year Results
S&U PLCTrading Statement
Smart Metering Systems PLCTrading Statement
Friday 20 May  
Bloomsbury Publishing PLC Full Year Results
Close Brothers Group PLCTrading Statement
Ediston Property Investment Co PLCHalf Year Results
Gattaca PLCTrading Statement
JPMorgan Asia Growth & Income PLCHalf Year Results
JPMorgan China Growth & Income PLCHalf Year Results
Old Mutual LtdTrading Statement
Quartix Technologies PLCFull Year Results
Schroder AsiaPacific Fund PLCHalf Year Results
Unbound Group PLCFull Year Results
Wincanton PLCFull Year Results
Monday 23 May 
Big Yellow Group PLCFull Year Results
CentralNic Group PLCTrading Statement
Kainos Group PLCFull Year Results
Kingfisher PLCQ1 Results
Life Science REIT PLCFull Year Results
Tuesday 24 May 
Assura PLCFull Year Results
Avon Protection PLCHalf Year Results
Bytes Technology Group PLCFull Year Results
Calnex Solutions PLCFull Year Results
Cordiant Digital Infrastructure LtdFull Year Results
Cranswick PLCFull Year Results
Greencore Group PLCHalf Year Results
Helical PLCFull Year Results
Hill & Smith Holdings PLCTrading Statement
Homeserve PLCFull Year Results
Hyve Group PLCHalf Year Results
Ixico PLCHalf Year Results
Likewise Group PLCFull Year Results
Lords Group Trading PLCFull Year Results
On the Beach Group PLCHalf Year Results
Polymetal International PLCTrading Statement
RS Group PLCFull Year Results
Shaftesbury PLCHalf Year Results
Speedy Hire PLCFull Year Results
SSP Group PLCHalf Year Results
Topps Tiles PLCHalf Year Results
Trinity Exploration & Production PLCFull Year Results
Warehouse REIT PLCFull Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
3 May 2022 12:12

IN BRIEF: Trinity Exploration pauses farm down process, awaits tax law

Trinity Exploration & Production PLC - Leeds-based oil exploration company focused on Trinidad & Tobago - Pauses the farm down process at Galeota but reaffirms its intention to resume drilling on its Galeota farm asset in July. Names expected reforms to the supplemental petroleum tax considered by the government of Trinidad & Tobago as reason. "A number of participants have informed the company that they are unable to fully assess the economics of the opportunity at Galeota without clarity on the expected reforms," Trinity explains.

Read more
19 Apr 2022 14:41

IN BRIEF: Trinity Exploration posts higher quarterly revenue, less oil

Trinity Exploration & Production PLC - Leeds-based oil exploration company focused on Trinidad & Tobago - Reports slightly lower oil production in its first quarter of 2022 ending March 31. Barrels of oil per day in the quarter averages 3,013, down from 3,107 in the first quarter of 2021. Average realisation price soared to USD83.1 per barrel from USD52.3 a year ago.

Read more
19 Apr 2022 11:21

Trinity pleased with first quarter as oil prices rise

(Sharecast News) - Trinidad and Tobago-focussed energy explorer and producer Trinity reported "good" production and operational cash generation in the first quarter on Tuesday, with volumes averaging 3,013 barrels of oil per day.

Read more
9 Mar 2022 12:18

TRADING UPDATES: Mothercare distances from Russia; Midatech's J&J deal

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

Read more
25 Jan 2022 19:12

TRADING UPDATES: Cordiant raises GBP200 million; Home REIT spends

TRADING UPDATES: Cordiant raises GBP200 million; Home REIT spends

Read more
25 Jan 2022 13:03

Trinity Exploration reports 'good progress' on initiatives

(Sharecast News) - Trinidad and Tobago-focussed energy company Trinity Exploration & Production said in an update on Tuesday that it made "good progress" on some of its initiatives in the fourth quarter, as it maintained production levels and continued its "strong" operating cash generation.

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25 Nov 2021 14:34

IN BRIEF: Trinity Exploration gets Galeota development plan approval

IN BRIEF: Trinity Exploration gets Galeota development plan approval

Read more
25 Nov 2021 13:01

Trinity gets approval for Galeota development plan

(Sharecast News) - Trinidad and Tobago-focussed exploration and production company Trinity has received approval for the field development plan for the Galeota Asset Development project (GAD) from the Ministry of Energy and Energy Industries (MEEI), it announced on Thursday.

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25 Nov 2021 10:49

AIM WINNERS & LOSERS: DX Group sinks as annual results remain elusive

AIM WINNERS & LOSERS: DX Group sinks as annual results remain elusive

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14 Oct 2021 16:31

Trinity maintains production as it prepares for further development

(Sharecast News) - Trinidad and Tobago-focussed exploration and production company Trinity reported average production volumes of 3,018 barrels of oil per day in its third quarter on Thursday.

Read more
14 Oct 2021 12:29

TRADING UPDATES: Norcros and Braemar Shipping confident in outlook

TRADING UPDATES: Norcros and Braemar Shipping confident in outlook

Read more
11 Oct 2021 20:42

IN BRIEF: Trinity Exploration welcomes Trinidad & Tobago budget

IN BRIEF: Trinity Exploration welcomes Trinidad & Tobago budget

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15 Sep 2021 17:32

TRADING UPDATES: Strong interim results from Epwin, Bridgepoint

TRADING UPDATES: Strong interim results from Epwin, Bridgepoint

Read more

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