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Pin to quick picksXtract Share News (XTR)

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TRADING UPDATES: Ramsens resumes dividend; Watkin Jones profit rises

Tue, 18th Jan 2022 20:39

(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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Ramsdens Holdings PLC - Middlesbrough, England-based financial services provider and pawnbroker - Says it delivers a "resilient" annual performance under challenging trading conditions caused by Covid-19 restrictions. For year ended September 30, posts revenue of GBP40.7 million, down from GBP72.5 million in the 18 months to end of September 2020. Pretax profit falls to GBP564,000 from GBP9.2 million. Ramsdens declares final dividend at 1.2 pence, having paid no dividend in financial 2020. "While we remain vigilant to the risk of, and speed of, potential new social and travel restrictions being imposed, as we have seen with the recent development of the Omicron coronavirus variant, we look forward with optimism for financial 2022," says Chief Executive Officer Peter Kenyon.

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Watkin Jones PLC - London-based student accommodation developer and manager - Says it delivers a delivered a strong operational and financial performance in financial 2021, given the ongoing backdrop of Covid. For year ended September 30, revenue up 22% at GBP430.2 million from GBP354.1 million last year and pretax profit up to GBP51.1 million from GBP25.3 million. Declares full year dividend of 8.2p, up 12% from 7.35p. "We continued to enhance our BTR and PBSA development pipeline, which has an estimated future revenue value to the Group of GBP1.8 billion, our largest ever. This gives us excellent visibility of revenues over the next few years," Chief Executive Officer Richard Simpson says.

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Pressure Technologies PLC - Sheffield, England-based engineering firm - Says annual results in line with market expectations. For year to October 2, revenue edges down to GBP25.3 million from GBP25.4 million last year and pretax loss narrows to GBP4.2 million from GBP20.0 million. Declares no dividend. Looking ahead, Pressure says it remain cautious regarding the pace of recovery in PMC, expects improved performance in financial 2022, including restoring profitability in our Al-Met business. "As we begin 2022, the group is well positioned to take advantage of a strong defence order book, exciting growth opportunities in hydrogen energy and the prospect of steadily improving oil and gas market conditions. Our strategy remains focused on delivering value from the growth and development of both divisions and the board remains confident in the prospects and opportunities for the group," says Chief Executive Officer Chris Walters.

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Griffin Mining Ltd - operator of the Caijiaying zinc-gold mine in China - Reports "outstanding" operational result in terms of ore mined, ore processed and in zinc and gold produced. For 2021, zinc concentrate output up at 41,587 tonnes from 32,472 tonnes. Gold concentrate output up at 14,447 ounces from 11,250 ounces. Ore mined rises to 971,492 tonnes from 971,492 tonnes and ore processed increases to 985,404 tonnes from 822,058 tonnes.

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Caerus Mineral Resources PLC - London-based exploration & resource development company - Sets out targets for 2022 concerning joint venture with Bezant Resources PLC, which is focused on the Troulli project in Cyprus. Says at Troulli resource estimation of metal-bearing surface materials is well-advanced with the majority of known targets having been drilled, trenched and sampled during 2021. A sizeable number of samples have been dispatched for laboratory analysis and results are pending. New areas of possible mineralised surface material are found weekly and routinely sampled as a possible addition to the Resource inventory. "Our initial work, strongly suggests that whilst Troulli, is a good start to our joint venture plans, considerable potential exist for repeat type operations within the Cyprus portfolio," says Bezant Chair Colin Bird.

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Oxford Cannabinoid Technologies Holdings PLC - pharmaceutical company developing prescription cannabinoid medicines - Says results for six months to November 30 set to meet management expectations. During six months, approximately GBP920,000 of R&D costs were incurred, primarily on lead drug candidate OCT461201, which accounted for approximately GBP604,000 of the total, with progress being made on all four programmes. Says financial accounting period has been shortened from May 31, to April 30 with the aim of delivering efficiencies in the financial reporting and audit process.

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Kape Technologies PLC - Isle of Man-based digital security and privacy software provider - Expects to report revenue ahead of expectations alongside significant organic subscriber growth for 2021. Annual revenue up 89% at USD230.5 million from USD122.2 million in 2020. Kape generates strong organic growth during the year with revenue, excluding the ExpressVPN acquisition, reaching USD212.5 million, which is 5% ahead of the upper range of previous guidance. "This robust performance has enabled Kape to accelerate investment in product development, future-proofing the group's position as a market-leader and underpinning its growth prospects," it says.

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Ariana Resources PLC - exploration firm with interests in Turkey - Says 2021 marked the fifth full-year of operations at Kiziltepe mine in Turkey, which comprised more gold than the original 8-year life of mine production estimated from the feasibility study, highlighting the significant upside generated from Kiziltepe and surrounding prospects such as Kepez. Kiziltepe produced a total of 20,737 ounces of gold during the year, up from 18,645 ounces in 2020 - exceeding its full-year production guidance by 9%

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Xtract Resources PLC - London-based metals and minerals producer - For three months to December 31, gold production up at 2,811 ounces from 1,586 ounces in prior quarter. Chair Colin Bird says: " The development at Guy Fawkes continued with the objective of exploring veins revealed by surface drilling. Construction work for the Fair Bride project advanced satisfactorily and we are very pleased with the engineering standards employed on the build. The contribution of Fair Bride, ongoing Mozambican production and Zambian operations progressing favorably, leads us to be optimistic for production during 2022."

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Ascent Resources PLC - onshore Caribbean, Hispanic American and European-focused natural resources company - Signs joint venture with investment manager Blanco Safi SAC to collaborate on the identification and subsequent development of precious and base metal rich tailing and processing operations. It also raises GBP600,000 by issue of 18 million shares at 3.3p per placing share.

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Donegal Investment Group PLC - Donegal, Ireland-based agricultural firm - Proposes to return EUR20 million to shareholders. In addition, Donegal Investment plans to convert ordinary shares into redeemable shares. Cash of EUR15.30 per ordinary share converted and subsequently redeemed.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
3 Apr 2024 14:36

Xtract Resources enters joint venture for Zambian copper project

(Alliance News) - Xtract Resources PLC said on Wednesday that it has entered into a joint venture with Oval Mining Ltd who are acting in cooperation with mining consultant Cooperlemon Consultancy Ltd.

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16 Feb 2024 14:33

IN BRIEF: Xtract Resources extends longstop date for Manica sale

Xtract Resources PLC - London-based diversified metals and minerals producer - Says the longstop date for the disposal of its stake in the Manica gold project has been extended by a week to February 23. This is to allow for "completion of certain administrative matters". Xtract in January announced an agreement to sell its 23% net profit share interest in the Mozambique asset to partner MMP for USD15 million.

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16 Feb 2024 10:25

AIM WINNERS & LOSERS: Plexus wins deal; Audioboom hails record month

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

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13 Feb 2024 14:11

IN BRIEF: Xtract gets shareholder nod to sell Manica interests

Xtract Resources PLC - London-based diversified metals and minerals producer - Says shareholders have approved the resolution, proposed at a general meeting earlier on Tuesday, to dispose of its entire interest in the Manica gold project in western Mozambique. Company expects disposal to occur shortly. Says that following completion of the sale, it will remain an operating minerals company under AIM rules. It plans to focus on its interests in the Bushranger copper/gold project in New South Wales, Australia, and in the Eureka and Kalengwa early-stage copper exploration projects in northeast Zambia.

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8 Feb 2024 17:43

TRADING UPDATES: Golden Metal eyes garnet, Xtract makes JV progress

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

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8 Feb 2024 13:56

Xtract reports progress at Zambia joint venture

(Sharecast News) - Xtract Resources updated the market on its copper exploration joint venture in Zambia with Cooperlemon Consultancy (CL) on Thursday, alongside its broader copper exploration strategy in the region.

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6 Feb 2024 15:48

UK shareholder meetings calendar - next 7 days

Wednesday 7 February 
Asos PLCAGM
eEnergy Group PLCGM re disposal of Energy Management division
Future PLCAGM
Hipgnosis Songs Fund LtdEGM re payment of fee to prospective bidders
Mosman Oil & Gas LtdEGM re director participation in placing
Premier Miton Group PLCAGM
Thursday 8 February 
Benchmark Holdings PLCAGM
Compass Group PLCAGM
easyJet PLCAGM
Hargreave Hale AIM VCT PLCAGM
Polar Capital Global Healthcare Trust PLCAGM
Friday 9 February 
Kibo Energy PLCEGM re pre-emption rights for share issues
Victrex PLCAGM
Monday 12 February 
Arix Bioscience PLCGM re takeover by RTW Biotech Opportunities Ltd
JPMorgan UK Smaller Companies Investment Trust PLCGM re merger with JPMorgan UK Smaller Companies
Mears Group PLCGM re authority to buy back up to 10% of shares
Tuesday 13 February 
Cellular Goods PLCAGM
Iconic Labs PLCAGM
JPMorgan Indian Investment Trust PLCAGM
Tui AGAGM including London Stock Exchange delisting vote
Xtract Resources PLCGM re sale of Manica gold project to MMP
  
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
24 Jan 2024 20:16

EARNINGS AND TRADING: Nanoco receives proceeds from Samsung litigation

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

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24 Jan 2024 14:01

Xtract planning disposal of Manica Gold Project

(Sharecast News) - Xtract Resources announced plans to dispose of the Manica Gold Project on Wednesday, reporting that it had entered into conditional agreements with its Mozambique partner MMP and related parties.

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6 Nov 2023 19:52

Xtract Resources testing shows potential of Bushranger project

Xtract Resources PLC - London-based diversified metals and minerals producer - Announces the successful completion of an updated pit optimisation & financial modelling study to examine the economics of open pit extraction on the Bushranger Porphyry copper-gold project in central New South Wales, Australia. The study recognised that optimisation of the processing plant capacity, capital costs, operating costs and metallurgical recoveries could greatly improve the economic outcomes of mining the deposit.

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6 Nov 2023 19:52

Xtract Resources testing shows potential of Bushranger project

Xtract Resources PLC - London-based diversified metals and minerals producer - Announces the successful completion of an updated pit optimisation & financial modelling study to examine the economics of open pit extraction on the Bushranger Porphyry copper-gold project in central New South Wales, Australia. The study recognised that optimisation of the processing plant capacity, capital costs, operating costs and metallurgical recoveries could greatly improve the economic outcomes of mining the deposit.

Read more
24 Oct 2023 14:40

EARNINGS AND TRADING: Cambridge Cognition launches AQUA solution

(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
29 Sep 2023 14:32

EARNINGS: Eight Capital swings to profit; Savannah Energy loss widens

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

Read more
24 Aug 2023 11:56

Xtract Resources shares jump on inking of Zambian licences partnership

(Alliance News) - Xtract Resources PLC on Thursday said it entered into a joint venture agreement with Cooperlemon Consultancy Ltd concerning two large scale copper exploration licences in Zambia.

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24 Aug 2023 09:58

Xtract Resources inks deal on new copper JV in Zambia

(Sharecast News) - AIM-listed Xtract Resources has signed a new joint venture to mine copper in a 107,000-hectare area in Northwest Zambia.

Read more

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