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Pin to quick picksAlien Metals Share News (UFO)

Share Price Information for Alien Metals (UFO)

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Share Price: 0.155
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UK TRADING UPDATE SUMMARY: Secure Trust Reports Pick Up In Lending

Thu, 22nd Oct 2020 15:00

(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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Secure Trust Bank PLC - Solihull, West Midlands-based retail bank - Sees pick up in third quarter lending following easing of lockdown restrictions in the UK. Retail Finance new business volumes near pre-Covid levels. Motor Finance products demand has been strong during the third quarter ended September 30. Currently trading significantly ahead of 2020 consensus pretax profit of GBP2.2 million. Well placed to navigate the remainder of the year and beyond.

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FRP Advisory Group PLC - London-based business advisory firm specialising in restructuring - Trading to date for the year ending April 30, 2021, remains in line with expectations, despite a significant reduction in the number of formal insolvency appointments. Sees substantial degree of uncertainty around the shape and scale of economic recovery, combined with additional pressure as the Brexit transitional agreement comes to an end in 2020. Medium-term outlook is positive and the company remains confident of making further progress in financial 2021.

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Alumasc Group PLC - Kettering, Northamptonshire-based building products supplier - Starts new financial year to June 30, 2021, strongly with record profits in the first quarter. Current orderbooks robust in general and include a growing list of export projects won in recent months, which are due to be delivered in financial 2021. Each of the three divisions - Building Envelope, Water Management and Housebuilding Products - contributed to the record first quarter performance. Bank borrowings reduced to below GBP1 million from GBP4.3 million at June 30. Remains very conscious of the uncertainties that accompany the Covid-19 pandemic and Brexit negotiations.

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Crossword Cybersecurity PLC - London-based technology commercialisation company - Gets accepted onto the UK government's G-Cloud framework version 12. This enables public sector organisations to procure Rizikon Assurance and Consulting via the Digital Marketplace run by Crown Commercial Services.

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Town Centre Securities PLC - Leeds-based property investment, development and car park operator - Says GBP18.6 million cumulative rent and service charge payments have fallen due since March 25. Collected GBP15.2 million and agreed to defer a further GBP900,000, totalling GBP16.1 million, equivalent to 87% of the amounts due. Of the 2.5 million balance remaining, company has agreed concessions over GBP900,000 and continues to work towards a fair and equitable conclusion on the balance of GBP1.6 million. Continues to market further retail and leisure sales in line with strategy to reset and reinvigorate the business.

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Gaming Realms PLC - London-based mobile games developer - Launches Slingo Originals content with betting and gaming operator, Paddy Power Betfair, a division within Flutter Entertainment PLC. Slingo portfolio, including Slingo Centurion, Slingo Extreme, Slingo XXXtreme and Slingo Deal or No Deal, will be distributed through the company's aggregation partner, Relax Gaming.

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Water Intelligence PLC - Palm Springs, California-based water leak detection company - American Leak Detection subsidiary secures national contract from an unnamed US-based insurance company. ALD to provide minimally-invasive water leak detection solutions on behalf of the insurance company. New contract represents the fifth nationwide contract for ALD with a top US insurance company.

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Toople PLC - Letchworth Garden City, England-based telecom services provider - Sells a range of new IP cloud based services to a London based bakery, an existing client, in a 36 month extension to the existing agreement, significantly increasing the value of the contract. Pact includes provision of telecom services to all locations of the client, including broadband, telephony and mobile Wi-Fi, plus high speed broadband and Wi-Fi services to the bakery's headquarters and distribution offices. Will replace standard broadband with superfast fibre-optic broadband in each location, where available.

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Pembridge Resources PLC - Canada-focused mining company - Minto mine in Yukon, Canada, produced 5,707 wet metric tonnes of copper concentrate during the third quarter of 2020, down from 6,820 tonnes in the second quarter. Lower volumes due to the processing of lower grade ore in the third quarter. Expects copper grade to return to previous levels as the development of Copper Keel moves beyond the periphery of the ore body and into solely production ore.

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Kore Potash PLC - owner of Sintoukola potash project in the Republic of Congo - Starts drilling programme on Dougou Extension project consisting of the drilling and analysis of up to five new diamond drill holes. First phase of the DX project's definitive feasibility study is planned for completion in May 2021.

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Empire Metals Ltd - Australia-focused mineral exploration company - Commences 2,300 meter reverse circulation drilling at the Eclipse gold project in Western Australia. Subject to drilling results, a subsequent phase of drilling will be designed to further infill the resources around the Eclipse shaft.

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Alien Metals Ltd - Australia and Mexico focused minerals explorer - Executes earn-in agreement with Capstone Mining Corp over its Donovan 2 copper-gold project in Mexico. Under the agreement, Capstone has the ability to acquire up to an 80% interest in Donovan 2 by sole funding the project up to completion of a prefeasibility study. Initially, Capstone can earn 65% interest in Donovan 2 through a combination of USD290,000 cash payments to Alien Metal and committed exploration expenditure USD3.6 million over three years. Capstone can increase their interest to 75% from 65% by making a further cash payment of USD200,000 and funding the costs associated with a preliminary economic assessment.

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GYG PLC - London-based superyacht painting, supply and maintenance company - Wins major refit contract for a 115 plus metre yacht in Germany with works scheduled to commence in final quarter of 2020 and complete in first half of 2021. Contract includes a number of Refit services including bespoke scaffolding, hardware removal, caulking and complete repainting.

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Air Partner PLC - Gatwick, West Sussex-based aviation services group - Security solutions unit Redline wins new three-year contract with Guernsey airport to carry out cabin baggage screening X-ray threat image recognition training among a number of its staff. Redline currently seeing a good level of demand for its Covid-19 secure threat image recognition training system, which has been designed to finetune X-ray image screeners' ability to detect even the smallest components of viable threats.

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IXICO PLC - London-based data analytics company - Secures new contracts in Huntington's disease clinical trials. New contracts include retrospective analysis of data sets for three natural history studies in Huntington's disease with a new large pharma customer and a multicentre, open-label phase II study in Huntington's disease with an existing large pharma customer. Contracts do not have significant impact on management's expectations of performance for the year ended September 30, but contribute to the company's strong order book.

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EKF Diagnostics Holdings PLC - Cardiff-based point-of-care diagnostics business - Receives initial orders for PrimeStore MTM Covid-19 sample collection devices from two new customers, the Health Service Executive of Ireland and a national health body in England. Orders will be fulfilled from EKF's production facilities in Penarth, south Wales, and Barleben, Germany. Orders will contribute to the expected strong performance for the fourth quarter of 2020.

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By Tapan Panchal; tapanpanchal@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
2 Aug 2023 11:43

IN BRIEF: Alien Metals says iron ore identified at Hancock project

Alien Metals Ltd - Mineral explorer and developer in Australia, Mexico and Greenland - Says subsidiary Iron Ore Company of Australia Pty Ltd completes initial investigations on direct ore shipments at tenement E47/5001, which adjoins the Hancock project in the East Pilbara, Hamersley ranges in Australia. Says iron ore has been identified and notes the potential for exploration.

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20 Jul 2023 12:36

Alien Metals says assay results show high grade iron grades

(Alliance News) - Alien Metals Ltd on Thursday said it has received assay results from its Hancock Iron Ore project in Western Australia, which "reinforce" the potential of the project.

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3 Jul 2023 11:42

IN BRIEF: Alien Metals gets USD1 million convertible funding facility

Alien Metals Ltd - mineral explorer and developer in Australia, Mexico and Greenland - Enters convertible debt funding facility with long-term shareholder Bennelong Resource Capital Pty Ltd, which has a current stake of 6.3%. Will issue convertible securities worth of up to USD1.0 million in two equal tranches of USD500,000 each. Each can be converted into a share at a 15% discount to the market price, now or at the time of conversion, or at the price of any equity raise by Alien Metals. Until then, the securities carry an interest rate of the secured overnight financing rate plus eight percentage points. There also is a commitment fee of 3.0% of the facility and an establishment fee of USD10,000, both to be taken from the first tranche of the drawdown. Alien Metals also will issue Bennelong with warrants for 10.0 million shares at a 35% premium to the current market price, exercisable over the next three years. It says this could raise up to an additional USD1 million.

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30 Jun 2023 17:26

EARNINGS SUMMARY: Powerhouse loss widens hugely, DCI Advisors narrows

(Alliance News) - The following is a round-up of 2022 annual results by London-listed companies, issued on Friday and not separately reported by Alliance News:

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5 May 2023 12:17

IN BRIEF: Alien Metals renegotiates Mallina tenement acquisition deal

Alien Metals Ltd - mineral exploration and development company with assets in Australia, Mexico and Greenland - Renegotiates agreement with Mallina Exploration Pty Ltd to fast track the acquisition of the E 47/3752 tenement that adjoins its flagship Hancock iron ore project in Australia and provides direct strategic access to the Great Northern Highway. Says the key terms of the agreement remain largely unchanged from that of the original agreement; negotiates the removal of the condition precedent relating to exploration drilling to earn the tenement interest. Says removal of this condition precedent allows it to focus on sterilisation drilling across the E 47/3752 licence to enable access road construction.

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26 Apr 2023 15:44

TRADING UPDATES: Skillcast swings to loss, RM Infrastructure NAV down

(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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20 Feb 2023 11:20

Alien Metals get "encouraging" results at Elizabeth Hill in Australia

(Alliance News) - Alien Metals Ltd on Monday reported gold findings at the Elizabeth Hill silver project in Western Australia.

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30 Dec 2022 15:09

IN BRIEF: Alien Metals promotes subsidiary chief Troy Whittaker to CEO

Alien Metals Ltd - Mineral exploration and development company with assets in Australia, Mexico and Greenland - Says Bill Brodie Good will step down as non-board chief executive officer. Troy Whittaker, currently CEO of subsidiary IOCA, will take over as company CEO.

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20 Dec 2022 13:01

Alien Metals shares jump as ups stake in iron ore projects

Alien Metals Ltd - mineral exploration in Australia, Mexico and Greenland - Completes acquisition of additional 39% interest in the Hancock and Brockman direct shipping iron ore projects from Windfield Metals Pty Ltd. Brings Alien Metal's stake to 90%. The acquisition was announced at the start of November. Chair Rod McIllree comments: "As we continue working towards production at Hancock in 2023, moving to 90% is a logical next step in the project evolution and cements our position in the Pilbara as an emerging potential producer of high grade-high purity, direct shipping, iron ore."

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28 Nov 2022 22:09

DIRECTOR DEALINGS: Serco CEO Soames sells GBP3.2 million in shares

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

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23 Nov 2022 13:32

IN BRIEF: Alien Metals completes drilling at Elizabeth Hill

Alien Metals Ltd - London-based minerals exploration and development business - Completes a reverse circulation drilling programme at the Elizabeth Hill silver project and Munni Munni PGE project, located in the west Pilbara of Western Australia. Says the sulphides observed in drill holes at Elizabeth Hill and Munni Munni confirm continuation of mineralising structures. Notes the initial portable X-ray fluorescence results indicate above background concentrations of both base metals and silver. Expects priority samples to be assayed in due course.

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8 Nov 2022 14:18

DIRECTOR DEALINGS: Lawrence Stroll raises stake in Aston Martin to 23%

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

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4 Nov 2022 13:26

Alien Metals subsidiary inks bunker sharing proposal in Pilbara

(Sharecast News) - Minerals explorer and developer Alien Metals announced on Friday that its wholly-owned subsidiary, Iron Ore Company of Australia (IOCA), has entered a memorandum of understanding for the sharing of bunker allocation at the Pilbara Ports Authority's Utah Point export facility with the ASX-listed Element 25.

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4 Nov 2022 11:30

Alien Metals anticipates early access to Utah Point with new agreement

(Alliance News) - Alien Metals Ltd on Friday said its subsidiary, Iron Ore Co of Australia Pty Ltd, has entered into a memorandum of understanding to share a bunker allocation at Utah Point in Western Australia.

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2 Nov 2022 18:48

TRADING UPDATE: Zenova paint used in NHS; results from Anglo Asian

(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

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