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TRADING UPDATES: AIQ revenue soars; Mobius Investment net assets drop

Tue, 28th Feb 2023 19:40

(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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AIQ Ltd - Cayman Islands-based firm focused on acquiring and developing e-commerce sector businesses - Revenue in the year that ended October 31 multiplies to GBP498,388 from GBP61,863 the year prior. Pretax loss narrows to GBP640,906 from GBP1.2 million. Attributes this primarily to the delivery of the DeFi DEX contract, which accounted for GBP438,824 of revenue. "We entered the year having decided to pivot to focus on the provision of IT consultancy services to customers who deliver blockchain technology and digital assets, such as NFTs. We had some success during 2022 in capitalising on the lack of IT solutions providers in Asia that specialise in the delivery of blockchain platforms, including forming partnerships with key solutions providers and completing a contract to project manage the supply of a decentralised finance exchange to a customer based in Australia," Chair Harry Chathli comments.

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Mobius Investment Trust PLC - investment company - Net asset value per share stands at 134.2 pence as at November 30, down 13% from 153.4p on the same date a year prior. Share price as at November 30 falls 15% to 131.0 pence from 154.5p on the same date a year before. Notes how unprecedented the year has been in terms of political and economic events, with the war in Ukraine and China's hard stance on Covid-19 pushing the recovery back. Records a total NAV return of 12.3%. Declares a final dividend of 1.20p, up sharply from 0.35p.

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IQ-AI Ltd - Jersey-based medical services firm - Says gallium maltolate, a novel oral agent, was granted orphan drug designation by the US Food & Drug Administration for the treatment of glioblastoma multiforme brain cancer. Intends to "take full advantage" of the benefits orphan designation offers. This includes assistance in the drug development process, tax credits, grant opportunities, and seven years of market exclusivity post-approval. Notes that the status is independent from the overall approval process by the FDA.

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Kazera Global PLC - diamond and rare earths explorer in South Africa and Namibia - Says it will not be able to publish its annual report and accounts for the year that ended June 30 at the end of February. Says that trading on AIM will continue to be suspended until the publication of the results. Continues to make progress with its heavy mineral sands and diamond operations now in production. Confirms that it has paid off all outstanding debt to the former directors and loan providers and now sits in a healthy net cash position.

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Uru Metals Ltd - Toronto-based investor and mine project developer - Says Richard Montjoie was appointed as interim Chief Executive of Zeb Nickel. Says he has been with Zeb for over a decade. Adds that he played a pivotal role in the exploration efforts that have led to the discovery of several nickel deposits. Uru has just shy of 75% stake in Zeb Nickel.

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Appreciate Group PLC - Merseyside, England-based multi-retailer redemption product provider to corporate and consumer markets - Says it takeover by Paypoint PLC is complete, as the court-sanctioned the scheme of arrangement between Appreciate and relevant Appreciate shareholders. PayPoint agreed to buy Appreciate in a deal which valued the company at around GBP83 million. PayPoint will pay 33 pence in cash and 0.019 of a new PayPoint share for each Appreciate share.

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DP Aircraft I Ltd - Guernsey-based aircraft leasing company - Agrees on new terms with its lending banks for in a second amendment and restatement to its loan agreement for both aircraft loans. Fixes interest rates for tranche 1 and tranche 2 for DP Aircraft III tranche 1 at 5.26% and tranche 2 at a fixed balloon interest rate of 6.61%. Fixes DP Aircraft IV tranche 1 at 5.42% and tranche 2 at a fixed balloon interest rate of 6.89%. Says that the aggregated final balloon payment in 2026 is forecast to amount to approximately USD69.5 million based on the new terms.

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Hambro Perks Acquisition Co Ltd - Hambro Perks-sponsored special purpose acquisition vehicle - Says 93% of its shareholders approved the extension the business combination deadline to November 30. "We are delighted to have received shareholder approval for the extension, which highlights the confidence and support of our investors. We are encouraged by the positive conversations we are having with interested companies for a possible business combination and look forward to updating the market in due course," Chief Executive Dominic Perks comments.

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By Abby Amoakuh, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Monday 18 March 
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Crest Nicholson Holdings PLCAGM
Eco Animal Health Group PLCGM re share buybacks
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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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4 Mar 2024 14:13

EARNINGS AND TRADING: Macau NAV falls; SolGold inks Cascabel deal

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

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AIM WINNERS & LOSERS: Mirriad Advertising up on two-year contract win

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

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26 Feb 2024 12:14

IN BRIEF: Uru Metals shares drop by a quarter as chair resigns

Uru Metals Ltd - developer of Zebedelia nickel project in South Africa - Non-Executive Chair Jay Viera resigns immediately. No explanation is provided for Viera's sudden departure. "The board would like to take this opportunity to thank Mr Viera for his contribution to the company," Uru says. Non-Executive Director Kyle Appleby takes over as chair. Uru will hold its annual general meeting on March 22 in Toronto.

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26 Feb 2024 10:39

AIM WINNERS & LOSERS: EnSilica posts topline progress, strong pipeline

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

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2 Jan 2024 15:39

URU pushes repayment date on Boothbay convertible loan

(Sharecast News) - URU Metals has extended the repayment date for its convertible loan from Boothbay Absolute Return Strategies, it announced on Tuesday, to 28 February.

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2 Jan 2024 12:13

IN BRIEF: URU Metals extends repayment date for loan

URU Metals Ltd - mineral exploration and development company which counts Zebedelia nickel project in South Africa as "flagship" asset - Says repayment date for the convertible loan from Boothbay Absolute Return Strategies LP has been extended to February 28. Boothbay has also agreed that it will not convert sums due under the convertible loan note into ordinary shares of the company prior to January 31.

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27 Dec 2023 18:40

IN BRIEF: Uru Metals says nickel demand "continues to grow"

Uru Metals Ltd - mineral exploration and development company which counts Zebedelia nickel project in South Africa as "flagship" asset - Reports no revenue in half-year ended September 30, unchanged annually. Net loss narrows to USD374,000 from USD436,000 year-on-year. Administrative expenses decline 9.1% to USD396,000 from USD436,000 on-year. Says Zebedelia project remains "key venture" for firm, given its near-74% stake in Zeb Nickel Corp. "The demand for nickel, essential in lithium-ion batteries and the burgeoning electric vehicle market, continues to grow, highlighting the importance of our project," Uru adds.

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29 Sep 2023 21:54

EARNINGS: Bens Creek sees "difficult" year; Challenger swings to loss

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

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14 Jun 2023 13:19

Seed Capital appoints new finance chief, effective immediately

(Alliance News) - Seed Capital Solutions PLC on Wednesday said it appointed Segar Karupiah as its new chief financial officer with immediate effect.

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1 Jun 2023 16:44

IN BRIEF: URU extends convertible loan note terms with Boothbay

URU Metals Ltd - Toronto headquartered, mineral exploration and development company - Agrees to extend the repayment date and long-stop date for conversion of the convertible loan notes held by Boothbay Absolute Return Strategies LP to December 31 from May 31. The date by which Boothbay has the right to convert funds due under the loan note at GBP0.85 per share has also been extended to the maturity date and agrees that it will not convert sums due to Boothbay under the convertible loan note on or prior to August 30. As at May 31, the total amount advanced by Boothbay to URU is USD500,000. Details regarding the convertible loan note were announced on May 6.

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2 May 2023 11:14

IN BRIEF: Seed Capital hires Uru Metals CEO John Zorbas as CEO

Seed Capital Solutions PLC - London-headquartered acquisition company, focused on businesses operating in market sectors with "strong" environmental, social and governance credentials - Appoints John Zorbas as chief executive officer with immediate effect. Zorbas has been CEO of Uru Metals Ltd since 2014 and a non-executive director at Zeb Nickel Corp and PowerTap Hydrogen Capital Corp since 2021. Seed Capital's shares debuted on the London Main Market on April 12.

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26 Apr 2023 19:27

TRADING UPDATES: Mosman output up; Uru notes drilling at Zeb project

(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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19 Apr 2023 17:06

URU announces ZEB Nickel kickstarting new geophysical survey

(Alliance News) - URU Metals Ltd announced on Wednesday that ZEB Nickel Corp has started a third party airborne geophysical survey over South Africa's Zeb Project area.

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