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Pin to quick picksVela Technologies Share News (VELA)

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EARNINGS: Trellus Health loss narrows, in late-stage product talks

Thu, 28th Sep 2023 19:03

(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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Vela Technologies PLC - Early stage-focused technology investor - Reports zero revenue in the year to March 31, unchanged from the year prior, alongside a rise in administrative expenses to GBP401,000 from GBP347,000. Pretax loss narrowed to GBP378,000 from GBP1.1 million. Explains this loss has arisen primarily from fair value movements on the company's investment portfolio.

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Trellus Health PLC - New York-based digital health platform provider - Reports revenue in the six months to June 30 of USD14,000 compared to USD10,000 the year prior. Pretax loss narrowed to USD3.6 million from USD4.8 million. Basic loss per share totalled USD0.02 compared to USD0.03. Dr Marla Dubinsky, chief executive said: "We are actively engaged in late-stage discussions with a large national health plan which we are confident will lead to Trellus Elevate being available at a greater scale."

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Gowin New Energy Group Ltd - China-based LED lighting products and tea trading - Reports zero revenue in the six months to June 30, unchanged from the year before. Pretax loss widened to RMB3.3 million from RMB2.0 million. Basic and diluted loss per share totalled RMB0.011 compared to RMB0.007. Explains there has been little material change to the financial position of the group since the recently released 2022 annual report. "Like the rest of the world, Gowin is contending with economic uncertainty and inflationary impacts, defensive consumer sentiment, geopolitical risk, policy risk and the climate change & sustainability agenda," company says.

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Hamak Gold Ltd - mining exploration and development company operating in Liberia - Reports pretax loss of USD261,000 narrowed from 1.5 million the year before. No revenue was disclosed while basic and diluted loss per share totalled USD0.006 compared to USD0.10 before. Karl Smithson executive director said: "The first half of 2023 has seen the team at Hamak Gold focus on the promising high-grade Ziatoyah gold discovery in the Nimba licence, where initial drilling has intersected 20m at 7g/t Au near surface. We are encouraged by the exploration progress being made to identify extensions to the high-grade gold mineralization discovered in the Nimba licence. Further work will continue to focus on detailed mapping, structural interpretation and investigations into the extensive 3km x 1km gold in soil anomaly associated with the gold discovery already made."

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Tiger Royalties and Investments PLC - London-based mining investor - Reports net asset value per share at June 30 of 0.05 pence compared to 0.12p the year prior with total net assets of GBP248,000 compared to GBP542,000. Pretax loss totalled GBP247,923 widened from GBP227,406. Basic loss per share was unchanged at 0.05p. Remains confident on the fundamentals for base metals, particularly for copper and battery metals. Believes, more than ever, that there is a light at the end of the tunnel and that a commodity boom cycle revolution is in the making.

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Atlantic Lithium Ltd - Sydney-based, Africa-focused lithium exploration and development firm with assets in Ghana and Ivory Coast - Reports pretax loss for the year ended June 30 of AUD11.5 million narrowed from AUD34.7 million. Administrative expenses rose to AUD1.6 million from AUD1.1 million. Basic loss per share totalled AUD0.02 compared to LPS of AUD0.061. "Looking forward, the next major catalyst for the Company is the ministerial award of the Mining Lease, which would be a significant landmark not only for the Company, but also for Ghana, as the country's first lithium Mining Lease. We hope to be granted the Mining Lease shortly, enabling us then to begin the permitting phase," company says. Cash position at June 30 was AUD15.3 million, down from AUD23.9 million.

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By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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1 Oct 2018 15:18

Vela Tech Negotiates Loan Repayment With Both Shareholder And Director

LONDON (Alliance News) - Vela Technologies PLC on Monday said it has extended the repayment date for half of its GBP400,000 loan notes, and that the holder of the other half of these notes will an

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27 Sep 2018 15:36

Vela Technologies Annual Loss Widens On Lower Value Of Investments

LONDON (Alliance News) - Vela Technologies PLC on Thursday said its loss widened in its financial year 2018 following a reduction in value of its investments.The investment company said its

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19 Jun 2018 11:22

Vela Technologies Invests GBP200,000 In Event Ticket Marketplace

LONDON (Alliance News) - Early stage-focused investment company Vela Technologies PLC said on Thursday it has invested GBP200,000 into Vibe Group Holdings Ltd, the holding company of Vibe Tickets

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11 Jun 2018 12:21

Argo Blockchain To Raise GBP20 Million Via London IPO (ALLIPO)

LONDON (Alliance News) - Argo Blockchain PLC said Monday it plans to raise GBP20 million via initial public offering of its shares on the main market of the London Stock Exchange.The of the

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29 May 2018 14:15

Vela's Investee Changes Name And Operations Prior To TSX Listing (ALLIPO)

LONDON (Alliance News) - Vela Technologies PLC on Tuesday said African Hydrocarbons Inc confirmed the name change to BlockchainK2 Corp as it prepares to list on Toronto Stock Exchange.The a

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21 May 2018 14:51

Vela Investing In African Hydrocarbons After BlockchainK2 Name Change

LONDON (Alliance News) - Vela Technologies PLC announced today that African Hydrocarbons Inc has been given conditional approval from the Toronto stock exchange to change its name to BlockchainK2

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9 May 2018 12:54

Vela Technologies Investee Vibe Tickets Enters Administration

LONDON (Alliance News) - Shares in Vela Technologies PLC fell on Wednesday as it said investee THEVIBE Ltd went into administration at the end of April.Vela shares were trading at 0.40 down

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29 Mar 2018 10:50

Vela Technologies Invests GBP150,000 More Into Travel Start-Up Portr

LONDON (Alliance News) - Investment firm Vela Technologies PLC said Thursday it had invested a further GBP148,466 in travel technology company Portr - which as

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16 Mar 2018 14:24

Vela Technologies BTL Stake Worth GBP2.3 Million After Shares Fall

LONDON (Alliance News) - Investment firm Vela Technologies PLC said Friday its stake in portfolio firm BTL Group Ltd was worth GBP2.3 million despite share as -

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14 Feb 2017 12:41

Vela Notes Blockchain Pilot Project For Investee Firm BTL Group

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13 Jan 2017 15:44

Vela investment BTL makes progress in energy and finance spaces

(ShareCast News) - Early stage and pre-IPO disruptive technology investment firm Vela noted an announcement released by BTL Group on Friday, which provided details on BTL's blockchain pilot project with a leading energy company and an update on BTL's previously-announced pilot in the finance and ban

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15 Nov 2016 12:21

Vela Technologies confirms THEVIBE Ltd raises c.£600,000

(ShareCast News) - Vela Technologies has confirmed that THEVIBE Ltd's funding round via Crowdcube funding has raising a total of £608,890. THEVIBE Ltd trades as Vibe Tickets. Vela said it invested £200,000 in Vibe Tickets as part of this funding round. After completion of the funding round, Vela ho

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4 Oct 2016 14:31

Vela Technologies chips in to Vibe Tickets fundraising

(ShareCast News) - Early stage and pre-IPO disruptive technology investing company Vela Technologies announced on Tuesday that, following the announcement of the loan note fundraising on 9 September, it has been approached with regards to new potential investment opportunities. The AIM-traded firm s

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9 Sep 2016 10:36

Vela Technologies issues loan notes to raise £400,000

(ShareCast News) - Early-stage technology investor Vela Technologies issued convertible loan notes to certain shareholders to raise £400,000 for working capital and future investments. The loan notes were only made available to certain shareholders of the AIM-listed company, including one of its dir

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5 Sep 2016 15:36

Vela Technologies improves minuscule revenue, widens loss

(ShareCast News) - Vela Technologies, the investing company focused on early-stage and pre-IPO disruptive technology investments, announced its results for the year ended 31 March on Monday. The AIM-traded firm reported total revenue for the year of £9,000, up from £8,000 in the year before. Its to

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