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(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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TPXimpact Holdings PLC - London-based technology-enabled services company - TPXimpact hails a "solid" fourth quarter ended March 31. It traded in line with expectations, with revenue for the full-year to be in line with previous guidance. "We have continued to improve the quality and resilience of our operations, a reflection of the strategic decisions taken earlier in the year to streamline our structure and focus on delivering value more efficiently," it adds. As a result, adjusted earnings before interest, tax, depreciation and amortisation are to be at the top end of a its "1%-2% year-on-year margin growth range". It plans to release results in June. For financial 2026 it "is cautiously optimistic that the trading environment will continue to improve". It predicts "meaningful progress in profitability". Analyst consensus is for a financial 2025 adjusted Ebitda of GBP4.9 million. For financial 2026, TPXimpact expects adjusted Ebitda in the range of GBP6 million and GBP7 million. TPXimpact also reports two "significant contract wins". It seals a GBP7 million two-year pact with the UK Department for Business & Trade. In addition, it wins a GBP9 million 12-month pact with the UK Prison & Probation Service. There is an "opportunity to extend by 50%" the deal size.
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Journeo PLC - Leicestershire-based transport system services provider - Announces new framework agreement with First Bus UK, expected to generate GBP10 million of revenue. The deal will initially run for three-years through to March 2028, with an option to extend by further two-years. "The Agreement comprises the provision of Journeo Portal SaaS for the secure movement and processing of video, vehicle gateway and data services, CCTV system upgrades and extended field service management. These services will be provided alongside the supply and installation of CCTV and Journeo's digital wing mirror technology on new vehicles," Journeo adds.
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Smarter Web Co PLC - Surrey, England-based provider of web design, web development and online marketing services - It purchases 8.61 bitcoin, forking out GBP650,000 in total, averaged out to GBP75,460 per bitcoin. Last week Wednesday, it announced the buy of 4.85 bitcoin at GBP71,356 each on average, GBP346,000 in total. On Tuesday, Smarter Web said it submitted an application to the OTC Markets Group for the trading of its shares on the US OTCQB Market. "Subject to approval, this listing would enable greater accessibility for North American investors and marks a significant step in expanding the company's international presence. This initiative aligns with the company's strategic goal of delivering shareholder value and increasing its global profile. The decision follows numerous enquiries and expressions of interest from US based investors seeking the ability to invest in the company," it added.
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Niox Group PLC - Oxford, England-based developer of medical devices for asthma diagnosis and management - Performs "well" in first four months of 2025, with sales up 21% on a constant currency basis. Clinical business division's sales rise 10%. "The research business has had a strong start to the year, with revenues more than double those achieved in the first four months of 2024 and ahead of management's expectations at this point in the year," Niox adds. Niox does not expect tariffs, at current planned levels, to have material impact on business. It plans to "pass on any related increases to our cost base through higher pricing where possible".
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Southern Energy Corp - natural gas and light oil assets in Mississippi - Progressing plans to complete its first Gwinville drilled and uncompleted well, finalising the procurement of "key services". "Field operations are scheduled to commence on the 13-13 #2 Lower Selma Chalk horizontal well in the next few weeks, and Southern expects first production from the well during June 2025. This will be the Company's first of three planned [drilled and uncompleted] completions at Gwinville," Southern Energy adds. "Unrelated" to plans at Gwinville, Southern Energy notes it is involved in a ongoing dispute where it has brought a claim. Southern Energy believes it is being imposed "excessive transportation fees" charged by a third party midstream company. These are associated with the Mechanicsburg and Green's Creek fields. "The third party made its initial response filing to the regulator which includes setting maximum allowable transportation rates, subject to Federal Energy Regulatory Commission review and approval," Southern adds. "Southern will work closely with FERC staff to expedite the rate determination process and, in parallel, will continue to engage with the pipeline operator to pursue an agreement on an equitable fee structure." Southern says it has voluntarily shut-in around 500 barrels of oil equivalent per day worth of output from Mechanicsburg and Greens Creek in order to avoid increasing the amount of disputed fees. It adds "This accounts for approximately 20% of Southern's production on a volumetric basis, but only approximately 10% of the company's operating income from Q1 2025. This will not impact the rest of Southern's operations or the proposed DUC completions in Gwinville."
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Touchstone Exploration Inc - onshore oil and gas producer in Trinidad - Net earnings in the first quarter of 2025 decline markedly to USD41,000, from GBP3.6 million a year prior. Petroleum and natural gas sales amount to USD11.1 million, falling 33% on-year from USD16.6 million. Average daily production declines to 4,317 barrels of oil equivalent from 7,015 a year prior. On Tuesday, Touchstone announced it entered into a fourth amended loan pact with its existing Trinidad-based lender. The new pact's terms include a new USD30 million six-year non-revolving term loan facility. No principal payments are due in the first 11 months. In addition, it announces revised financial covenants and a two-year extension of the maturity date of the existing revolving loan facility. It intends to draw the full USD30 million under the new term facility to finance an acquisition. In December, it struck a deal to buy Shell Trinidad Central Block Ltd. It will pay BG Overseas Holdings Ltd USD23 million in cash. STCBL holds a 65% operating working interest in the Central block exploration and production licence and gas processing plant in Trinidad & Tobago, Touchstone explained in December.
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Rome Resources PLC - mineral explorer with tin project in Democratic Republic of the Congo - Reports assay results from drill holes MADD024 and MADD026 at Mont Agoma prospect in Democratic Republic of the Congo. Results continue "to return large intercepts of near-surface and high-grade polymetallic mineralisation". "A number of key tin targets are planned to be drilled, which will allow us to fine tune the geological model and improve our understanding of how the three key commodities - copper, zinc, and tin - are distributed within the mineralised system. The results to date are highly encouraging, confirming consistent copper and zinc near surface with tin strengthening at depth - exactly the zonation profile we anticipated," CEO Paul Barrett adds.
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Mosman Oil & Gas Ltd - helium, hydrogen, and hydrocarbon exploration company - Reports spud of first exploration well of programme of five at Vecta project in Colorado, US. "The drilling of this Billy Goat well is exciting given the excellent lease position in a proven area of helium development and production," CEO Andy Carroll says. "Each well location has been carefully selected by the very experienced team at Vecta and we believe each well has an excellent chance of discovering helium. The low-cost drilling of these wells enables data to be obtained at very reasonable cost."
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Arc Minerals Ltd - copper exploration company focused on mines in Africa - Reports that a technical probe of 2024 Zambia exploration results, as well as targets for 2025 field season, "are being evaluated". Targets being reviewed include Fwiji and Nyambwezu, both areas that have not been tested previously by the joint-venture company. The JV is with an Anglo American PLC subsidiary. Another possible target is the Cheyeza prospect, where drilling in November "confirmed both oxide and sulphide mineralisation". Arc Minerals adds that it is in the process of progressing the outstanding acquisition conditions for the buy of Chingola project in the Zambian copperbelt. In addition, Arc says it has completed drilling plans for licence PL135/2017 in Botswana. Depending on the timing of the Chingola deal, it will either "commence drilling in Botswana or progress its work programme at Chingola".
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By Eric Cunha, Alliance News news editor
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