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Pin to quick picksVast Res Share News (VAST)

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Share Price: 0.335
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UK TRADING UPDATE SUMMARY: Gym Group Fighting Fit With Fresh York Unit

Wed, 07th Oct 2020 18:20

(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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Gym Group PLC - operator of 183 gyms - Signs 15-year lease for new gym in York set to open in first-quarter of 2021. "Importantly, it has onsite car parking and fits The Gym Group's strict operational and financial criteria," company said. "It will create 12 jobs following the investment of approximately GBP1.4 million."

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Codemasters Group Holdings PLC - Warwickshire-based video game developer - Says trading "remained strong" in first half ended September 30. Expects revenue of GBP80.5 million from GBP39.8 million in year prior. Adjusted earnings before interest, tax, depreciation and amortisation tipped to jump annually to GBP21 million from GBP9.4 million. "Trading in H1 2021 benefitted from the launch of F1 2020, Fast & Furious Crossroads, Project CARS 3, and continued sales of the company's back catalogue of games - in particular F1 2019 and DiRT Rally 2.0," Codemasters.

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Gaming Realms PLC - mobile gaming content developer - Signs license agreement with NetEnt. Slingo games to be developed using NetEnt's intellectual property, starting with Slingo Starbust. "Under the terms of the agreement, Gaming Realms will have the right to license NetEnt's acclaimed slot brand, Starburst, to create a contemporary gaming experience that combines both Gaming Realms' popular Slingo genre and the iconic features of the Starburst slot game," Gaming Realms said.

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Audioboom Group PLC - podcast firm with offices in London, New York and Mumbai - Expands advertising sales operation to Canada by inking "strategic partnership" with Rogers Media, a unit of Rogers Communications, Canada's largest media business. Also reports new original content set to launch in Autumn.

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Mobile Streams PLC - mobile content and data intelligence company headquartered in London - Says its Streams insight platform to be launched as subscription service on October 14. Says platform will target UK and US market, which include 36 million small and medium-sized enterprises.

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Thruvision Group PLC - security system supplier - Reports "strong" second quarter ended September 30 and achieves first-ever breakeven interim earnings before interest, tax, deprecation and amortisation. Revenue during period inched lower to GBP4.7 million from GBP4.8 million, with gross margin steady at 48%.

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Ingenta PLC - Oxford-based publishing software developer - Agrees final terms with "major global publisher" on a multi-year contract for Ingenta's Vista as a Service platform. "The deal has been revenue-generating since April and is expected to generate revenue of up to GBP2 million over its initial three-year term, with the option to renew for a further two years at the client's discretion," Ingenta says.

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WANdisco PLC - data-management software company in Sheffield - Reports availability of public preview for its LiveData platform for Microsoft Corp's Azure. "Open public preview is a critical late stage phase of roll-out across Microsoft Azure ahead of a combined Microsoft and WANdisco go-to-market launch of the capability," WANdisco said. Expects to migrate more than 100 petabytes of data to Azure cloud in financial 2021.

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Argo Blockchain PLC - cryptocurrency miner based in the UK - Mines 127 bitcoin equivalent in September, compared to 166 in August. Year-to-date total at 2,128. "The lower number of coins mined in September compared to August can be attributed to the significant rise in mining difficulty throughout September," Argo said.

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Worsley Investors Ltd - investment firm - Closes placing programme with immediate effect. Says publication of annual report would otherwise trigger a supplementary prospectus being published.

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City of London Investment Group PLC - investment manager - Says funds under management at September 30, end of first-quarter, were USD5.9 billion, up 7.9% from USD5.5 billion at June 30 year end. To pay final dividend of 20 pence, bringing total payout to 30p, down 26% from 40.5p.

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Marwyn Value Investors Ltd - investment manager - Says master fund Marwyn Value Investors LP initial 74p per share in Safe Harbour Holdings PLC, GBP650,646 in total, in realisation proceeds. Says GBP836,757 to be returned to realisation shareholders and GBP163,889 to be distributed by Marwyn Value Investors LP.

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Mercia Asset Management PLC - regionally-focused asset manager - Portfolio company Warwick Acoustics Ltd secures GBP2.1 million of recent syndicated investment. Mercia provides GBP500,000 as part of investment. Warwick Acoustics, alongside University of Warwick, also secures GBP400,000 grant from Innovate UK.

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Merian Chrysalis Investment Co Ltd - London-based investor in later stage private companies - Raises GBP95 million in placing and PrimaryBid offer. "The board is pleased with the strong response to the Issue, with demand exceeding the initial target raise, which will enable the company's investment adviser to use equity funding in executing the investment in You & Mr Jones LLC," Merian said.

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Impax Asset Management Group PLC - sustainability-focused investor - Says assets under management at September 30 year end up 11% quarter-on-quarter to a record high of GBP20.2 billion, up 34% annually.

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Adamas Finance Asia Ltd - Asia-focused small business investor - Raises GBP2.0 million via open offer and placing. Reports GBP1.1 million of placement money delayed due to compliance checks in bank account of investor.

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Supermarket Income REIT PLC - UK-focused supermarket income trust - Raises GBP200 million in oversubscribed issue of 192.3 million shares at 104p each.

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Belvoir Group PLC - Lincolnshire, England-based property franchise group - Completes 100th deal under assisted acquisition programme. Says franchisee Mahomed Imtayas acquires Millenium Properties Ltd. "Since establishing the assisted acquisitions programme at the end of 2013, the Belvoir Group has now supported 100 acquisitions by its franchisees, with a total deal value of GBP25 million, boosting franchisee network revenue by GBP24 million," Belvoir said.

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Urban&Civic PLC - London-based property and land developer - Says realisation in year ended September 30 at 840 units, up from 665 units the year prior, despite lockdown. "Moreover, the trend remains upward: reservations in the fourth quarter from July to September were approximately 29% above pre lockdown levels in January through March. Reservation prices are at or above pre lockdown averages across all five sites," company says. "The board expects to resume the payment of dividends for the full year in the normal course. A decision as to quantum will await preparation of the full year accounts."

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President Energy PLC - independent oil and gas company focusing on Latin America - Well LB-1001 in Rio Negro, Argentina drilled on time and on budget. "The logging results are in line with the anticipated probable pre-drill estimates for reserves and production potential," President Energy adds.

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Ferro-Alloy Resources Ltd - vanadium mining and processing company operating in Kazakhstan - Reports 188 tonnes of vanadium pentoxide produced in nine months ended September 30, up 72% year-on-year. Posted record 90 tonnes in third quarter alone, more than doubled annually.

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Caledonia Mining Corp PLC - southern Africa-focused exploration and development company - Appoints renewable energy provider Voltalia as contractor for Blanket Mine in Zimbabwe.

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Amur Minerals Corp - Russian mineral exploration company - Receives first interest payment for quarter ended September 30 from investment in convertible loan note in Nathan River Resources Pte Ltd, owner of Roper Bar iron ore project, Australia.

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Trinity Exploration & Production PLC - Trinidad & Tobago focused oil exploration and production company - Notes proposed reforms in Trinidad & Tobago to encourage investment in energy sector. Measures include lifting supplemental petroleum tax to USD75 a barrel from USD50 a barrel. "The proposed Budget reform of the SPT regime is extremely positive for Trinity, and for all the smaller oil producers operating in Trinidad," Executive Chair Bruce Dingwall said.

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Rainbow Rare Earths Ltd - rare earth producer - Says trial mining at Gakara project, Burundi continuing to "strengthen". Says concentrate output improving to 59/9 tonnes per month from June to September, from 31.7 tonnes per months between October 2019 and May 2020. Plans increase to 100 tonnes per month.

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Bowleven PLC - oil & gas company - Says making good progress alongside joint-ventures at Etinde development, Cameroon. Partners reviewing commercial options in regards to gas offtake and final investment decision now expected in mid-2021 due to Covid-19 delays.

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Shanta Gold Ltd - East Africa-focused gold producer - Begins construction work at Singida gold project in Tanzania. Notes reserve-based mine plans give post-tax net present value, with 8% discount, of USD73 million. Average life of mine gold production of 32,000 ounces at costs of USD869 an ounce forecast.

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Jangada Mines PLC - natural resources company - Begins follow-up 2,000 metre drilling programme at Pitombeiras vanadium project, Brazil. "Programme is designed to upgrade the confidence of the current resource base as well as to expand its overall size," Jangada said.

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Vast Resources PLC - mining company - Recommences output at Baita Plai polymetallic mine in Romania. "Based on the success of the recommencement of mining activity, the company can confirm that it is on track to meet its October production and sales targets," Vast says.

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Altyn PLC - Kazakhstan-focused miner - Notes equipment such as Korfmann ventilators and Lupamat compressors in place at Sekisovskoye underground mine.

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Cambridge Cognition Holdings PLC - Cambridge-based neuroscience technology firm - Wins GBP750,000 two-year health contract to provide cognitive tests and electronic clinical outcome assessments for an Alzheimer's trial.

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Polarean Imaging PLC - medical imaging products developer - Submits new drug application to US Food & Drug Administration for hyperpolarised 129xenon gas used to assess pulmonary function and visualise lungs using an MRI scan.

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Yourgene Health PLC - molecular diagnostics firm - Awarded pact with St George's hospital, London, for non-invasive prenatal testing using its IONA Nx NIPT Workflow. "The contract, subject to signing by both parties, has been awarded after a competitive tender process and will extend Yourgene's existing partnership with St George's for a further three years, with testing volumes expected to increase over the contract period," Yourgene said.

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Nuformix PLC - pharmaceutical development firm - Places 23.2 million shares at 2.8p each, raising GBP650,000. Proceeds will help "strengthen group data packages for treating the effects of Covid-19" and "maximise opportunities for development pipeline especially lead asset, NXP002," Nuformix said.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
17 Oct 2022 16:04

UK shareholder meetings calendar - next 7 days

Tuesday 18 October 
Accrol Group Holdings PLCAGM
Diverse Income TrustAGM
Dolphin Capital Investors LtdAGM
Pantheon International PLCAGM
Tlou Energy LtdAGM
Wednesday 19 October 
Empyrean Energy PLCGM annual report approval
Frasers Group PLCAGM
Hargreaves Lansdown PLCAGM
HydrogenOne Capital Growth PLCGM share issuance programme
Made Tech Group PLCAGM
SME Credit Realisation Fund LtdAGM
Thursday 20 October 
abrdn UK Smaller Companies Growth Trust PLCAGM
Argo Group LtdAGM
Dechra Pharmaceuticals PLCAGM
DX Group PLCGM re 2021 financial year annual report
Gateley Holdings PLCAGM
Science in Sport PLCGM 
Xeros Technology Group PLCGM capital reorganisation
Friday 21 October 
Diurnal Group PLCGM re Neurocrine takeover
Trafalgar Property Group PLCAGM
Monday 24 October 
Fintech Asia LtdAGM
Rural Broadband Solutions PLCEGM investment from Tiger Infrastructure Partners Fund and name change
Seraphim Space Investment Trust PLCAGM
Vast Resources PLCGM equity securities allotment
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
7 Oct 2022 21:54

TRADING UPDATES: Vast Resources in offtake deal; Conroy posts assays

(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
6 Oct 2022 12:34

Vast Resources signs Tajikistan offtake deal with Trafigura

(Sharecast News) - Vast Resources announced on Thursday that, following the successful opening of the Takob mine processing project at the Takob Mine in Tajikistan, it has signed an exclusive offtake contract with global commodity trader Trafigura for the sale of bulk concentrates produced from the project.

Read more
26 Sep 2022 20:22

TRADING UPDATES: AltynGold, Rambler Metals & Mining revenue grows

(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
15 Aug 2022 12:05

Vast Resources officially opens Tajikistan joint venture project

(Sharecast News) - Vast Resources officially opened the joint venture project at the Takob Mine in Tajikistan with its partner company Takob on Monday.

Read more
15 Aug 2022 12:05

Vast Resources officially opens Tajikistan joint venture project

(Sharecast News) - Vast Resources officially opened the joint venture project at the Takob Mine in Tajikistan with its partner company Takob on Monday.

Read more
1 Aug 2022 13:14

Vast Resources to begin molybdenum concentrate production

(Sharecast News) - Production and development company Vast Resources announced on Monday that it will start molybdenum concentrate production in August at its Baita Plai Polymetallic Mine in Romania.

Read more
1 Aug 2022 11:14

AIM WINNERS & LOSERS: Wishbone drill results impress; DeepVerge pact

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

Read more
27 Jul 2022 06:53

IN BRIEF: Vast Resources expects big output rise at Baita Plai mine

Vast Resources PLC - London-based miner with projects in Romania and Zimbabwe - Gets mixed results from Baita Plai polymetallic mine in Romania in the second quarter of 2022 but expects this to improve. Produces 268 dry metric tonnes of copper concentrate, up 17% from 229 a year ago. Sells 183 dry metric tonnes of the material, down 22% from 234. Mills 11,292 metric tonnes of ore, 6% less than 12,103 a year ago.

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1 Jul 2022 06:59

IN BRIEF: Vast Resources's Takob almost refurbished; to process ore

Vast Resources PLC - London-based miner with projects in Romania and Zimbabwe - On June 30 announces its Takob plant in Tajikistan is in the final stages of refurbishment. Says equipment for the plant is expected to arrive on site in the first quarter of 2022. Anticipates royalty equivalent revenues. The processing of two months worth of stockpiled ore will start in July, firm adds.

Read more
27 Jun 2022 21:15

TRADING UPDATES: 88 signs license agreement; Lekoil litigates

(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
25 May 2022 09:10

Vast Resources reaches settlement with Atlas; in Tajikistan deal

(Alliance News) - Vast Resources PLC on Tuesday said it reached an agreement with Atlas Special Opportunities LLC regarding its bond conversion notice.

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19 May 2022 09:12

IN BRIEF: Vast Resources seeks legal advice on Atlas conversion notice

Vast Resources PLC - London-based miner with projects in Romania and Zimbabwe - On Wednesday says it is seeking legal advice regarding the issued conversion notice for USD800,000 by Atlas Special Opportunities LLC. The USD800,000 was part of the repayment to Atlas instructed as of Friday last week, but for which a SWIFT confirmation was only received on Monday.

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16 May 2022 12:40

Vast Resources shares surge as it repays outstanding debt to Atlas

(Alliance News) Vast Resources PLC on Monday said it repaid all its outstanding bond debt to Atlas Special Opportunities LLC.

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13 May 2022 11:15

IN BRIEF: Vast Resources issues 150 million shares for bond conversion

Vast Resources PLC - London-based miner with projects in Romania and Zimbabwe - Issues 151.3 million new ordinary shares at 0.27 pence each, compared to Thursday closing price of 1.37p. Vast now has 760.5 million shares in issue, so the issuance represents 20% of the enlarged total. The share issuance is in response to London-based Atlas Special Opportunities LLC choosing to convert bonds of USD500,000 nominal value. On May 3, Atlas had given Vast a non legally binding verbal assurance that it would do no more conversions.

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