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Pin to quick picksTertiary Minerals Share News (TYM)

Share Price Information for Tertiary Minerals (TYM)

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WINNERS & LOSERS SUMMARY: NMC Health Rises After Upgrading Guidance

Tue, 28th May 2019 10:40

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.

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FTSE 100 - WINNERS

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NMC Health, up 3.5%. The private healthcare operator upgraded its underlying guidance for 2019 after the formation of a healthcare joint venture in Saudi Arabia. The venture is formed by the General Organization for Social Insurance - the largest pension fund in Saudi Arabia - contributing its 39% stake in Tadawul-listed National Medical Care Co at a price of SAR54, or GBP11.36, per share and NMC contributing its five Saudi Arabian assets plus an additional USD66 million in cash at closing. In light of NMC's majority stake in the venture, as well as its management control, NMC KSA's financial statements are to be fully consolidated. NMC KSA will also recognise income from National Medical Care as share of profit from an associate. NMC upgraded its underling 2019 guidance, and expects to post revenue of GBP2.50 billion to USD2.54 billion in 2019, up from the previously guided USD2.43 billion to USD2.47 billion. In 2019, earnings before interest, taxation, depreciation, and amortisation is expected to be USD575 million to USD585 million - previously USD566 million to USD576 million.

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Antofagasta, up 1.7%. HSBC raised the Chilean copper miner to Hold from Reduce.

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FTSE 250 - WINNERS

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Amigo Holdings, up 5.0%. The guarantor loans provider reported a sharp rise in annual profit, revenue and loan book following the company's "most significant year". In the twelve months to March 31, Amigo saw its pretax profit increase 68% to GBP111.0 million from GBP66.1 million the year before. Revenue increased 28% to GBP270.7 million from GBP210.8 million. Amigo declared a maiden final dividend of 7.45 pence, resulting in a total dividend of 9.32p - which represents 50% of the company's statutory profit over the past 12 months. Looking ahead, Amigo said it has made a "solid start to the year", despite the "mood of uncertainty" around Brexit. The lender said it has not seen any "notable effect" from Brexit but will continue to monitor the situation.

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Galliford Try, up 4.5%. The housebuilding and construction company rejected a GBP950 million merger offer from Bovis Homes. Bovis wanted to purchase the Galliford's Linden Homes and its Partnerships & Regeneration businesses and intended to issue new shares to fund the deal, through which Galliford would have remained an ­independently listed company focused on construction. Galliford said the offer did not "fully value" the two businesses, and reiterated it remains confident in its long-term future. The two companies released the statements on Tuesday after media reports, with Sky News having said Saturday the two were in "secret talks". Shares in Bovis Homes were flat.

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OTHER MAIN MARKET AND AIM - WINNERS

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Tertiary Minerals, up 12%. The miner said it secured a long-term lease over nine claims on a "productive" gold belt in the US state of Nevada. The 20-year lease is on nine areas of the Pyramid mining district, which is 25 miles north-west of the city of Reno. The claims are on the Walker Lane porphyry copper/epithermal gold belt, Tertiary said, with limited historical drilling in 1989 and 1990 showing visible gold. Managing Director Richard Clemmey said: "We are delighted to have acquired an interest in the Pyramid project. Projects with high-grade gold results in drilling that have not already been followed up are hard to find in Nevada."

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Thomas Cook Group, up 7.1%. Berenberg raised the troubled travel company to Hold from Sell.

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OTHER MAIN MARKET AND AIM - LOSERS

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Albert Technologies, down 43%. The software company said it does not expect 2019 revenue to achieve market expectations, although it still will show a "significant improvement" over 2018. Revenue in 2019 thus far "has been slower than anticipated" due to a longer ramp-up time with enterprise clients, and is in line with the first quarter of 2018. Growth is expected to pick up later in 2019 based on Albert Technologies' existing client based and sales pipeline. The market had expected Albert Technologies to more than double in 2019 its revenue of USD4.6 million in 2018, but the company said Tuesday it was "unlikely" to achieve this. While Albert Technologies is expecting 2019 to "show significant improvement" over 2018, it said its short-term revenue outcome is "difficult to accurately predict". It has, however, taken steps to cut its cost base and conserve cash.

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Trafalgar Property Group, down 42% at 0.35p. The property developer said it has raised GBP250,000 through a placing, which will go towards funding new and existing development projects, as well as provide additional working capital. The company issued 62.5 million shares at a price of 0.4p per share, reflecting a 33% discount to Trafalgar's closing price of 0.6p on Friday last week. In addition, Trafalgar also announced that it has promoted Paul Treadaway as chief executive officer and executive director with immediate effect. Treadaway will be replacing CEO Chris Johnson and Executive Director Alex Johnson, who have both stepped down with immediate effect.

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Clontarf Energy, down 15%. The Ghana and Bolivia oil and gas explorer reported a significantly narrowed annual loss, on a decrease on exploration impairments. The company narrowed its pretax loss to GBP350,553 in 2018 from GBP2.8 million in 2017, as its impairment of exploration & evaluation assets significantly decreased, falling to GBP111,682 from GBP2.6 million. Clontarf's administrative expenses increased 5.5% in the year to GBP238,871 from GBP226,410 the year before. The company did not generate revenue in either period.

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More News
30 Nov 2023 11:58

IN BRIEF: Tertiary Minerals shares up on term sheet progress

Tertiary Minerals PLC - Mineral exploration and development company - Gives update on signing of term sheet to allow a third party to earn into the Konkola West project in Zambia. Says the third party has now finished due diligence investigations, and the relevant parties are now reviewing draft agreements, with a view to finalising as soon as possible. Adds that all parties have re-affirmed their commitment to completing the transaction.

Read more
6 Nov 2023 14:26

TRADING UPDATES: Anglo-Eastern output down year-to-date, Bushveld's up

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

Read more
1 Nov 2023 11:31

Tertiary Minerals shares drop on discounted fundraise of GBP150,000

(Alliance News) - Tertiary Minerals PLC on Wednesday saw its share price fall, after completing a fundraise at a discount to the previous day's closing bid price.

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16 Oct 2023 10:50

Tertiary Minerals delineates second large anomaly at Mushima North

(Alliance News) - Tertiary Minerals PLC on Monday celebrated further positive results from soil sampling at one of its target areas on the Mushima North copper project in Zambia.

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5 Oct 2023 13:37

Tertiary Minerals reports encouraging results from Mushima North

(Sharecast News) - Tertiary Minerals reported encouraging outcomes from its investigative soil analysis at the Mushima North Copper Project in Zambia on Thursday, shedding light on the potential viability of the site for future excavation.

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5 Oct 2023 10:32

Tertiary Minerals dubs results from Zambia copper target "intriguing"

(Alliance News) - Tertiary Minerals PLC on Thursday said that it has received more positive results from its summer exploration programmes in Zambia, with one target containing "intriguing" anomalies.

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25 Sep 2023 10:37

IN BRIEF: Tertiary Minerals shares jump on Konkola West earn-in deal

Tertiary Minerals PLC - mineral exploration and development company focused on energy transition metals with projects in the US and Zambia - Alongside its local partner, Mwashia Resources Ltd, signs a largely non-binding term sheet for an earn-in and joint venture agreement with an unnamed third party. The agreement provides for the third party to earn into exploration licence 27067-HQ-LEL, the Konkola West project in Zambia. The term sheet proposes the third party will, in stage one, commit to a drill programme to be completed within 14 months of signing the agreement. Following this, the third party will earn an initial 51% interest in the licence, with the option to earn 70% in stage two by sole funding a cumulative USD6 million on exploration within 48 months of signing the agreement.

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12 Sep 2023 11:03

Tertiary Minerals defines substantial copper anomaly at Mukai project

(Alliance News) - Tertiary Minerals PLC on Tuesday said soil sample analysis has identified a major copper-in-soil anomaly at its Mukai project in Zambia.

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7 Sep 2023 15:34

TRADING UPDATES: MP Evans acquires two Indonesian palm oil producers

(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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6 Sep 2023 17:20

TRADING UPDATES: Andrada hails results; Tertiary sees disputes end

(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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10 Aug 2023 14:38

TRADING UPDATES: Aterian granted 10 exploration licences in Morocco

(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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31 Jul 2023 19:47

TRADING UPDATES: Byotrol loss widens, Surface Transforms sales grow

(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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31 Jul 2023 10:46

AIM WINNERS & LOSERS: Aptamer reshuffles board; Scancell expands trial

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

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31 Jul 2023 10:15

Tertiary Minerals granted permission for soil sampling in Zambia

(Alliance News) - Tertiary Minerals PLC on Monday said it has received permission from the Forest Department of Zambia to carry out soil sampling in forested areas at its Mukai and Mushima North project licenses.

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13 Jun 2023 14:32

Tertiary Minerals granted new Zambia exploration licence

(Sharecast News) - Tertiary Minerals announced on Tuesday that its Zambian subsidiary has successfully applied for and been granted a new mineral exploration licence in the Mupala region of the country.

Read more

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