George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksVarious Eat. Share News (VARE)

Share Price Information for Various Eat. (VARE)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 22.50
Bid: 20.00
Ask: 25.00
Change: 0.00 (0.00%)
Spread: 5.00 (25.00%)
Open: 22.50
High: 22.50
Low: 22.50
Prev. Close: 22.50
VARE Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EARNINGS AND TRADING: Oxford Metrics revenue up; TPXimpact loss widens

Tue, 05th Dec 2023 18:09

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

----------

Various Eateries PLC - London-based operator of 18 Coppa Club, Tavolino and Noci restaurants in UK - Confirms that it is in advanced stages of conducting a potential fundraising of up to GBP12 million of shares priced at 25 pence, and a potential debt for equity conversion. Says there can be no guarantee that any transaction will proceed. "The group is well positioned to capitalise on the opportunities that have been presented post Covid, particularly changes in consumer behaviour, and also, both the availability and the commercials of sites. Building upon the success of Coppa Club and Noci, any monies raised from the transaction (less fees) would be used to accelerate growth across the Group with the further rollout of both brands," Various Eateries says.

----------

Guanajuato Silver Co Ltd - Vancouver, British Columbia-based company that reactivates past producing silver and gold mines in central Mexico, with four operating mines and three processing facilities - Closes a USD7.5 million fold loan credit facility financing with Ocean Partners UK Ltd. The unsecured loan facility is for a term of 36 months, is repayable in equal fixed monthly installments of gold totalling approximately 191 troy ounces per month for a period of 30 months, following a six-month grace period. James Anderson, chair & CEO, says, "Ocean Partners has been our preferred metals trading partner since our first sale of precious metals concentrates back in 2021; they have always been first-in-line to offer support for our strategic initiatives as we continue to grow GSilver into a mid-tier producer of precious metals in Mexico."

----------

Panther Metals PLC - Canada-focused mineral exploration company - Notes successful conclusion of the inaugural drilling programme, targeting gold, at the Manitou Lakes project in Ontario, Canada. Says geological core logging and sampling to commence this week. "Conducting a maiden drill programme on a gold project as prospective as Manitou Lakes Project is always an exciting time for a junior explorer and its shareholders," says Chief Executive Darren Hazelwood. "Our previous soil sampling delineated a strong gold in soil anomaly at the project's Glass Reef Target, so the visual identification of shear structure-hosted quartz veining in the drill core bodes particularly well for the potential intersection of the gold bearing mineralisation."

----------

Town Centre Securities PLC - Leeds, England-based property investor, car park and hotel operator - Notes results of tender offer. Raises GBP9.1 million through tender offer of 6.3 million shares priced at 145.0 pence each. Says price represents a premium over the price of ordinary shares of 22% to its closing price of 118.5p on November 7. Tendered shares represents about 13% of the issued share capital.

----------

Oxford Metrics PLC - Oxford, England-based software provider - Reports results for financial year ended September 30. Revenue jumps 54% to GBP44.2 million from GBP28.8 million a year earlier. Pretax profit rises 67% to GBP5.7 million from GBP3.4 million. Ups dividend by 10% to 2.75p from 2.50p. Says trading in the first months of the financial year has been in line with company expectations. Over half of revenue expectations for the full year is underpinned by orders in hand and a strong sales pipeline, it adds. CEO Imogen Moorhouse says: "With an energised team, a clear roadmap and continued market demand, the board looks forward to the new financial year which is set to see further underlying growth in our existing markets whilst laying the foundations for future growth including the commercialisation of markerless technology."

----------

TPXimpact Holdings PLC - London-based IT consulting firm - Reports results for the six months ended September 30. Revenue rises by 22% to GBP41.6 million from GBP34.1 million a year earlier. Pretax loss widens to GBP10.1 million from GBP4.3 million. Looking ahead, TPXimpact says it continues to trade in line with targets. Expects to deliver revenue in the range of GBP80 million to GBP85 million and adjusted earnings before interest, tax, depreciation & amortisation in the range of GBP4 million to GBP5 million for the full year.

----------

Gooch & Housego PLC - Somerset, England-based photonics components and systems manufacturer - Reports results for year ended September 30. Revenue rises 19% to GBP148.5 million from GBP124.8 million a year earlier. Swings to pretax profit of GBP5.0 million from a loss of GBP2.3 million. Total dividend increases by 3.2% to 13.0p from 12.6p. Looking ahead, Gooch says it is "well positioned in structurally growing markets." Adds that it is confident that it will deliver further profitable growth in the coming year. Chief Executive Charlie Peppiatt says: "While mindful of the uncertain macroeconomic and geopolitical landscape, G&H remains well positioned with a robust pipeline across all our end markets and a fully deployed clear new strategy to deliver sustainable profit growth."

----------

Peel Hunt Ltd - investment bank - Reports results for six months ended September 30. Revenue rises 3.9% year-on-year to GBP42.7 million from GBP41.1 million a year earlier. Swings to pretax loss of GBP800,000 from a pretax profit of GBP100,000. Says swing to loss reflects challenging macroeconomic environment and inflationary increases in costs. "Despite the continued challenging market backdrop, our performance has remained resilient. Revenue for the first six months was in line with expectations, and slightly up on the same period last year. Our performance was not quite enough to offset the high inflationary environment and its impact on costs but our balance sheet remains strong, demonstrating the group's financial resilience," says Chief Executive Steven Fine.

----------

Gunsynd PLC - London-based company investing in companies and projects within the natural resources, life sciences and beverage sectors - Raises GBP210,000 through issue of 105.0 million new shares price at 0.20 pence each. Says the proceeds of the placing will provide the company with additional funding for general working capital, progressing its activities and making investments in line with its stated investing policy.

----------

Puma Alpha VCT PLC - London-based venture capital trust - Confirms plans to launch new subscription offer to raise up to GBP12 million, with an over-allotment facility of up to a further GBP5 million.

----------

EnQuest PLC - London-based oil and gas producer with assets in the UK and Malaysia - Nasdaq Stockholm approves EnQuest application to delist its shares. Says last day of trading of the company shares will be December 19. EnQuest shares will remain listed on the London Stock Exchange.

----------

Bushveld Minerals Ltd - South Africa-focused vanadium producer and energy storage solutions provider - Raises USD18.4 million through placing and subscription of 486.0 million shares prices a 3 pence each. In addition to the placing and subscription, Bushveld launches retail offer via PrimaryBid to raise up to a further GBP2.0 million

---------

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
12 Mar 2024 14:30

UK shareholder meetings calendar - next 7 days

Wednesday 13 March 
abrdn China Investment Co LtdGM re liquidation
Safestore Holdings PLCAGM
Wincanton PLCGM re takeover by CEVA Logistics
Thursday 14 March 
Angus Energy PLCGM
Bank of Georgia Group PLCGM re acquisition of Ameriabank CJSC
Blackrock Sustainable American Income Trust PLCAGM
Friday 15 March 
BlackRock Energy & Resources Income Trust PLCAGM
Chrysalis Investments LtdAGM
Quantum Exponential Group PLCGM re delisting from AQSE
TruSpine Technologies PLCAGM (adjourned 2022)
United Oil & Gas PLCGM re fundraise and share sub-division
Monday 18 March 
MGC Pharmaceuticals LtdGM re change of company name to Argent Biopharma
Schroder European Real Estate Investment Trust PLCAGM
Tuesday 19 March 
BlackRock Throgmorton Trust PLCAGM
Crest Nicholson Holdings PLCAGM
Eco Animal Health Group PLCGM re share buybacks
Gresham House Renewable Energy VCT 1 PLCAGM
Gresham House Renewable Energy VCT 2 PLCAGM
Nuformix PLCAGM
Scirocco Energy PLCGM re requisitioned resolution to implement cash strategy
Various Eateries PLCAGM
  
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.

Read more
1 Feb 2024 12:25

IN BRIEF: Various Eateries optimistic for future as annual loss lower

Various Eateries PLC - London-based operator of UK restaurants under Coppa Club, Tavolino and Noci brands - Pretax loss narrows to GBP6.7 million in the financial year ended October 1 from GBP7.2 million the year prior. Revenue climbs 12% to GBP45.5 million from GBP40.7 million. Depreciation and amortisation costs increase 18% to GBP5.6 million from GBP4.7 million. Looking ahead, Various Eateries says sales in first quarter of financial 2024 are in line with own expectations. "As we move into the second quarter, we are optimistic that inflationary pressures will continue to ease and interest rates will at least not rise further, but this remains difficult to predict," it says. "Regardless, we will continue to focus on what is within our control - growing the top line and taking action to ensure high levels of customer satisfaction and improving operational efficiency."

Read more
6 Dec 2023 16:04

UPDATE: Various Eateries completes GBP10.1 million via placing

Various Eateries PLC - London-based operator of UK restaurants under Coppa Club, Tavolino and Noci brands - Raises GBP10.1 million in gross proceeds, or GBP9.7 million in net proceeds, via the placing of 40.4 million new shares at a price of 25 pence per share. Proceeds will be used to roll out up to three new Coppa sites and ten new Noci sites over the next 18 months. Expects admission of shares to trading on AIM to begin on December 27. Also executes converting deep discounted bond and certain secured loan agreements into new shares at the placing price. Company issued the bond, which has a nominal value of GBP10.8 million, to Friends Provident in mid-April. The loan agreements are with TDR Capital Ltd and Anella Ltd, which is owned and controlled by Executive Chair Andy Bassadone.

Read more
6 Dec 2023 13:55

IN BRIEF: Various Eateries announces GBP10 million placing

Various Eateries PLC - London-based operator of UK restaurants under Coppa Club, Tavolino and Noci brands - Announces conditional placing to raise approximately GBP10 million by issuing new shares "to certain existing shareholders and other investors" at 25 pence each. Price represents a discount of around 3.9% to the closing price of 26p per share on Tuesday. Proceeds will be used to roll out up to three new Coppa sites and ten new Noci sites over the next 18 months.

Read more
1 Nov 2023 11:53

Various Eateries says annual revenue outperforms market expectations

(Alliance News) - Various Eateries on Wednesday reported a sound performance for its financial year, citing high footfall in city centre locations in Bath and Guildford.

Read more
1 Nov 2023 09:28

Various Eateries trades in line with FY expectations

(Sharecast News) - Leisure group Various Eateries said on Wednesday that it had traded in line with full-year expectations as the firm built upon its experiences of "navigating challenging market conditions".

Read more
11 Sep 2023 12:09

IN BRIEF: Various Eateries CEO Yishay Malkov resigns immediately

Various Eateries PLC - London-based operator of 18 Coppa Club, Tavolino and Noci restaurants in UK - Chief Executive Officer Yishay Malkov resigns from his post and from the board immediately, having served for three years. Andy Bassadone will continue to lead Various Eateries as executive chair, focused on the Noci brand. Rebecca Tooth remains managing director of Coppa Club. The executive team also includes Founder Hugh Osmond and Chief Financial Officer Sharon Badelek.

Read more
28 Jun 2023 12:26

IN BRIEF: Various Eateries shares plunge as interim loss widens

Various Eateries PLC - London-based chain of restaurants, clubhouses and hotels such as Coppa Club - Posts revenue of GBP20.6 million for the six months ended on April 2, up 16% from GBP17.7 million the year before. Says it is "pleased with the revenue performance, particularly given the challenging economic environment, disruptions from train strikes, and an unseasonably wet and dull spring". Pretax loss, however, widens to GBP4.3 million from GBP2.6 million, as operating loss widens to GBP3.2 million from GBP1.7 million the year before. Staff costs increase to GBP1.7 million from GBP1.3 million.

Read more
22 Mar 2023 15:50

UK shareholder meetings calendar - next 7 days

Thursday 23 March 
Blackrock Throgmorton Trust PLCAGM
Crest Nicholson Holdings PLCAGM
Driver Group PLCAGM
Goldplat PLCAGM
Hardide PLCAGM
Idox PLCAGM
LPA Group PLCAGM
Zaim Credit Systems PLCGM re director removal and name change to Adalan Ventures PLC
Friday 24 March 
Faron Pharmaceuticals LtdAGM
In The Style Group PLCGM re sale of only subsidiary; becoming cash shell named Itsum PLC
Kitwave Group PLCAGM
Midatech Pharma PLCGM re cancellation of the admission to trading on AIM and name change
Quartix Technologies PLCAGM
SME Credit Realisation Fund LtdEGM re cancellation of the company's listing
Monday 27 March 
Let's Explore Group PLCGM re off-market purchase of the Company's ordinary shares 
Oncimmune Holdings PLCGM re directors' remuneration
Tuesday 28 March 
Autins Group PLCAGM
Cindrigo Holdings LtdAGM
Ground Rents Income Fund PLCAGM
Wednesday 29 March 
Various Eateries PLCAGM
Versarien PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
28 Feb 2023 14:34

EARNINGS UPDATES: Kitwave hails rise in annual revenue and profit

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

Read more
16 Feb 2023 21:35

TRADING UPDATES: Heavitree profit soars; Riverstone net assets rise

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

Read more
9 Feb 2023 09:42

Various Eateries hires new chief financial officer, replacing interim

(Alliance News) - Various Eateries PLC on Thursday said it has appointed Sharon Badelek to the board as chief financial officer, effective April 1, replacing interim CFO James Darwent.

Read more
11 Nov 2022 14:42

IN BRIEF: Various Eateries hires James Darwent as interim CFO

Various Eateries PLC - London-based chain of restaurants, clubhouses and hotels such as Coppa Club - Hires James Darwent as interim chief financial officer, with immediate effect. He has over 15 years experience working in private equity-backed businesses and has previously held roles at restaurant operator of brands including Las Iguanas and Bella ItaliaBig Table Group, and hospitality company Casual Dining Group as finance director.

Read more
11 Nov 2022 13:15

Various Eateries appoints interim CFO to board

(Sharecast News) - Hospitality operator Various Eateries announced the appointment of James Darwent to the board as a director on Friday, with immediate effect.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.