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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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TRADING UPDATES: Safestay hires new COO; Seraphine revenue down

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

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8 Nov 2022 12:49

Tertiary Minerals gets provisional sampling results from Jacks

(Sharecast News) - Explorer and developer Tertiary Minerals announced provisional results from its detailed soil sampling at the Jacks Copper Project in Zambia on Tuesday, as well as the definition of multiple copper soil anomalies in different areas of the exploration licence.

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4 Nov 2022 14:17

IN BRIEF: Tertiary Minerals shares jump as JV deal signed with Mwashia

Tertiary Minerals PLC - Macclesfield, England-based mineral exploration & development company - Says its 96% owned Zambian subsidiary, Tertiary Minerals Ltd, has signed a joint venture agreement with Mwashia Resources Ltd. Says the JV deal will "govern their future relationship" for the Jacks copper project exploration licence in Zambia.

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1 Nov 2022 20:39

TRADING UPDATES: Fulham Shore revenue up; Vertu Motors makes buy

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

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7 Oct 2022 19:51

TRADING UPDATES: Allied Minds eyes delisting; Tertiary completes sale

(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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7 Oct 2022 11:35

Tertiary Minerals closes sale of two royalty interests

(Sharecast News) - Tertiary Minerals has successfully closed the sale of its royalty interests in the Kaaresselkä and Kiekerömaa properties in Finland, it announced on Friday, to Aurion Resources.

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27 Sep 2022 22:07

TRADING UPDATES: Goldstone Resources hails results; PCF moves deadline

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

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15 Sep 2022 17:01

LONDON MARKET CLOSE: Tentative rebound for FTSE 100; pound weaker

(Alliance News) - Stocks in London finished broadly but cautiously higher on Thursday, rebounding after two consecutive downbeat sessions following disappointing inflation prints from both the UK and the US.

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15 Sep 2022 11:14

AIM WINNERS & LOSERS: Tertiary Minerals teams up; Scirocco to hold GM

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

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15 Sep 2022 11:07

Tertiary Minerals shares surge 78% on First Quantum Minerals contract

(Alliance News) - Tertiary Minerals PLC surged on Thursday after it said it has signed a technical cooperation agreement with First Quantum Minerals Ltd to "turbo-charge" two of its copper exploration projects in Zambia.

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8 Aug 2022 13:13

Tertiary Minerals sells Finnish royalties to Canada's Aurion

(Sharecast News) - Tertiary Minerals has accepted a binding offer from Aurion Resources for the purchase of its royalty interests in the Kaaresselkä and Kiekerömaa gold projects in Finland, it announced on Monday.

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8 Aug 2022 11:44

AIM WINNERS & LOSERS: Joules jumps on Next talks; Tungten loss widens

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

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8 Aug 2022 10:46

IN BRIEF: Tertiary Minerals sells Finnish gold project royalties

Tertiary Minerals PLC - Macclesfield, England-based mineral exploration and development company - Sells its royalty interests in the Kaaresselka and Kiekeromaa gold projects in Finland to Aurion Resources Ltd for CAD200,000, about GBP128,000, in cash and 83,333 Aurion shares. Aurion's shares closed at CAD0.68 each in Toronto on Friday, making the shares worth around CAD56,666 in total.

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15 Jul 2022 14:31

IN BRIEF: Tertiary Minerals halts Pyramid project in Nevada

Tertiary Minerals PLC - Macclesfield, England-based mineral exploration and development company - Halts Pyramid silver-gold project in Nevada after review of drill results, released on April 13. The company says termination will result in cash savings of over USD33,000 in lease and claim fees for the remainder of 2022 and over USD75,000 in 2023. It says accumulated costs to be impaired are at GBP361,379 as at March 31.

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15 Jul 2022 13:28

Tertiary terminates Pyramid project, plans Brunton Pass trenching

(Sharecast News) - Tertiary Minerals updated the market on its Brunton Pass and Pyramid Projects in Nevada on Friday, reporting that a trenching programme was set to commence on or around 20 July at the wholly-owned Brunton Pass.

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