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TRADING UPDATES: Secure Trust sells debt assets; new Brickability JV

Fri, 11th Mar 2022 12:12

(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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Secure Trust Bank PLC - Solihull, England-based savings accounts and lending services provider - Exits debt purchase market and Debt Managers Services Ltd arm sells portfolio of loans to Intrum AB. Cash sum for deal to be determined by value of loan on deal completion. Gross value of portfolio as of September 30 was GBP84.7 million. Forecast cash consideration should deal be sealed on May 31 in GBP79.7 million.

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Brickability Group PLC - Bridgend, Wales-based construction materials distributor - Forms joint venture with La Perla Participaties BV and Harold Kock. JV will be focused on manufacture of clay roof tiles through jointly-owned entity Schermbecker Building Products GmbH. Will operate in Germany. Once fully operational, JV is expected to produce roughly 45,000 tonnes of clay roof tiles per year for distribution markets in UK and Europe. Brickability to hold 50% interest following a EUR500,000 investment.

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Hardide PLC - Oxfordshire-based advanced surface coating technology developer - Expects first half sales to rise 40% annually. Company ends its financial year on September 30. "Earlier this month we were particularly pleased to announce developments in the power generation sector with the first production set of gas turbine blades coated and delivered to Ansaldo Energia. The second set of turbine blades is due to be received later this month and further sets of blades are due to be received throughout this year," Hardide says.

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Oracle Power PLC - London-based power and natural resource project developer with projects focused in Pakistan - Appoints H&P Advisory Ltd as financial adviser and consultant to Oracle in respect to potential green hydrogen project in Pakistan. Company says: "H&P will focus exclusively on the project, providing strategic advisory and financial services to realise its full potential for the benefit of Oracle stakeholders, including the preparation of a valuation model."

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Pembridge Resources PLC - London-based copper-focused mining company - Says Minto Metals Corp makes first repayment to Pembridge for CAD4 million, about GBP million, loan. Minto has paid CAD500,000, with further payment of same amount to be made by end of March.

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Empyrean Energy PLC - oil & gas explorer and producer with assets in China, Indonesia and US - Secures China Oilfield Services Ltd Nh9 drill rig for Jade well at Block 29/11 permit, offshore China. On Monday, company said China Oilfield completed well site survey required over Jade prospect drilling location.

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UK Oil & Gas PLC - London-based oil and gas company focused on operations in the UK - Updates on appeal process for Loxley gas project consent. An inspector submits report to UK Secretary of State to assist in ruling. "The planning inspectorate has also advised that they expect the SoS to issue his decision on or before 7 June 2022," UK Oil adds. In January, UK Oil said its appeal against Surrey County Council's refusal to consent for Loxley project was recovered by central government.

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Touchstone Exploration Inc - Calgary, Canada-based upstream oil and gas company - Says Trinidad & Tobago approves five-year extension of exploration period for Ortoire Licence to July 31, 2026. Touchstone must drill three well to minimum depths of 6,000 vertical feet before end of term. "The three exploration wells are in addition to the five previous wells drilled to date on the property. Similar to the previous minimum work program, we will be responsible for 100% of the drilling, completion and testing costs for the three additional exploration wells," company adds.

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Getech Group PLC - Leeds, England-based provider of geoscience data - Says subsidiary H2 Green Ltd lands deal with Highland Council in Scotland for creation of regional network of green hydrogen hubs. "This infrastructure will accelerate the decarbonisation of the Highlands council area, the largest administrative unit in the United Kingdom covering almost a third of Scotland," Getech says. Highland Council will contribute initial GBP100,000.

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Brandshield Systems PLC - London-based cybersecurity solutions provider - Reports findings from "disruption programme" undertaken alongside Pharmaceutical Security Institute. Duo had aim of "monitoring, detecting, and removal of online threats". "Over the 12-month period, BrandShield took down over 850 rogue pharmacies across websites and social media, 4,000 social media posts, and more than 14,000 fraudulent marketplace listings, where a minimum estimated value of USD1.8 million of counterfeits was removed," company says. On Monday, Brandshield said it secured a new client in online gaming field. Brandshield was picked to reduce risks of social media impersonation, phishing sites, online traffic diversion and trademark infringements.

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Good Energy Group PLC - London-based renewable energy supplier - Says Zap-Map teams with UK car breakdown cover specialists RAC. Tie-up will allow RAC members to get their electric vehicles charged "as quickly as possible".

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Sure Ventures PLC - London-based investment and venture capital company - Says AI investee Getvisibility seals EUR10 million funding round. Raises new equity from venture capital firms Alpha Intelligence Capital and Fortino Capital. Existing investors, Sure Ventures included, also participate. Sure invests EUR310,773. Pires Investments PLC, meanwhile, invests EUR50,000. Pires made original Getvisibility investment of EUR250,000 in March 2020.

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One Media iP Group PLC - digital music rights acquirer - Acquires licensor's share of the royalties to the Orbital Digital Ltd catalogue of rights. Catalogue includes "several thousands of recordings". "The catalogue ranges from classical through to Dance/Hip Hop and features a wide range of artists such as; Jose Carreras, Jo Jo Adams, Kool & the Gang, Irish Tenor Trio, Alexandra O'Neal, Joe Strummer, Sid Vicious, Chic, Lee Perry, The Lambrettas, Dread Filmstone, Sex Pistols, Suketu, Col Abram, Psy-Co-Billy, Rachel Porter's all female Orchestra, Ebn ozn," One Media says.

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DP Eurasia NV - master franchisee of Domino's Pizza brand in Turkey, Russia, Azerbaijan and Georgia - Says there has been no material disruption to its operations so far. "Trading from its 188 stores in Russia continues, and the group remains dedicated to the communities it serves," it asserts. DP Eurasia does, however, say it felt it is "prudent" to limit any further investment into its operations. It also has suspended royalty payments from its Russian operations. Will continue monitoring situation and provide further update with annual results, set to be published on April 5.

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Belvoir Group PLC - Lincolnshire, England-based residential property lettings and sales company - Acquires Mr and Mrs Clarke Ltd for GBP200,000. MMC is a concierge-style personal estate agency which has a network of 10 licensed partners, mostly based around Warwickshire, South Wales, the Midlands and North London in England.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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LONDON MARKET OPEN: Stocks largely lower; oil majors weigh on FTSE 100

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24 Mar 2023 16:05

Touchstone swings to loss despite rise in production

(Sharecast News) - Touchstone Exploration reported an 18% increase in average daily production volumes in its full-year results on Friday, driven by incremental natural gas production from the Coho-1 well, although it did swing to a loss for the year.

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24 Mar 2023 11:01

Touchstone annual profit down after swing to impairment; production up

(Alliance News) - Touchstone Exploration Inc on Friday said annual profit fell despite revenue increasing, as total expenses multiplied.

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6 Mar 2023 16:19

IN BRIEF: Touchstone Exploration year-end reserves increase by 33%

Touchstone Exploration Inc - Calgary, Canada-based oil and gas company focused on Trinidad and Tobago - In 2022, increases proved developed producing gross reserves by 33% to 4,843 million barrels of oil equivalent. Total proved reserves fall by 0.7% to 38,463Mboe and total proved plus probable reserves fall by 0.6% to 75,074Mboe. Total proved plus probable plus possible also fall by 0.6%, dropping to 120,594Mboe. Says total proved developed producing reserve replaces 2022 annual production by more than quadruple.

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2 Mar 2023 14:47

TRADING UPDATES: Cordiant Digital hails portfolio firm's deal with AMC

(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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27 Feb 2023 12:19

Touchstone expects initial natural gas from Cascadura facility in June

(Alliance News) - Touchstone Exploration Inc on Monday said it was notified by the National Gas Company of Trinidad & Tobago Ltd that they expect to receive first gas production from the Cascadura natural gas and associated liquids facility on or around June 30.

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6 Feb 2023 10:36

Touchstone begins Royston-1X operations in Trinidad & Tobago

(Alliance News) - Touchstone Exploration Inc announced on Monday that it has begun operations at its Royston-1X sidetrack well at the onshore Ortoire block in Trinidad & Tobago.

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9 Jan 2023 20:41

TRADING UPDATES: Mobile Tornado loses CEO; DeepVerge revenue jumps

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

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6 Dec 2022 17:08

IN BRIEF: Touchstone Exploration raises USD13 million through placing

Touchstone Exploration Inc - Calgary, Canada-based upstream oil and gas company - Raises USD13 million through a placing in Canada and the UK of 19.9 million shares at a price of 54.5 pence each.

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6 Dec 2022 11:44

Touchstone announces UK and Canadian placings for Trinidad development

(Alliance News) - Touchstone Exploration Inc on Tuesday said it has launched a private placement in Canada, as well as a further proposed placing in the UK, in order to accelerate exploration and development at its Ortoire asset in Trinidad and Tobago.

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11 Nov 2022 15:24

TRADING UPDATES: De La Rue defends chair; Resolute Mining 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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11 Oct 2022 21:57

IN BRIEF: Touchstone Exploration sees Coho deliver gas

Touchstone Exploration Inc - Calgary, Canada-based upstream oil and gas company - Says its Coho facility has delivered its first natural gas. It is located in the Ortoire block onshore Trinidad.

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1 Sep 2022 16:32

DIRECTOR DEALINGS: Cake Box CEO invests GBP275,000 after share dive

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and not separately reported by Alliance News:

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17 Aug 2022 12:07

Touchstone shares jump on Cascadura environmental certificate

(Alliance News) - Touchstone Exploration Inc shares rose on Wednesday after the Trinidad & Tobago Environmental Management Authority granted the company a certificate for environmental clearance for its Cascadura project.

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