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UK TRADING UPDATE SUMMARY: Topps Tiles Sales Up As Lockdowns Ease

Thu, 13th Aug 2020 14:29

(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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Topps Tiles PLC - Leicester-based tile retailer - Average weekly sales in six weeks to August 8 up 13% annually to GBP4.4 million from GBP3.9 million. Improved from GBP3.3 million average in June, GBP1.3 million in May and GBP800,000 in April. Has stopped using furlough scheme and all stores open now.

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Portmeirion Group PLC - homewares manufacturer and distributor in Stoke-on-Trent - Acquires remaining 50% stake in Portmeirion Canada Inc from Royal Selangor Inc for CAD1.0 million, about GBP600,000.

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Myanmar Strategic Holdings Ltd - developer and operator of consumer businesses in Myanmar - Exchanges contracts with Civetta Capital Ltd to purchase 897,500 shares in Myanmar Investments International Ltd at USD0.68 each, USD610,305 in total. Consideration for minority stake will consist of USD457,725 cash payment and USD152,580 worth of Myanmar Strategic shares.

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Eckoh PLC - Hertfordshire-based payments technology firm - Secures six-year contract renewal from Capita PLC worth GBP4 million for provision of services for Transport for London's congestion charge.

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Smartspace Software PLC - office space management software and hospitality and ticketing platform - Completes sale of enterprise software business to Four Winds Interactive UK Ltd, receiving GBP4.6 million.

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Croma Security Solutions Group PLC - Hampshire-based security services provider - Reinstates 0.75 pence per share interim dividend as Covid-19 hurt was "light". Won contract with Savills PLC to manage security at Edinburgh St James centre, a development scheme in heart of the Scottish city.

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Castings PLC - west Midlands-based iron caster - Sees "steady" increase in demand in key truck sector to around 60% of pre-Covid-19 output levels. Sees demand returning to 85% soon and majority of workforce returned from furlough.

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Directa Plus PLC - London-based producer and supplier of graphene nanoplatelets based products - Reports its graphene enhanced face mask, Co-mask, has been confirmed to have "strong" anti-viral capabilities.

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Immunodiagnostic Systems Holdings PLC - Tyne & Wear-based diagnostic testing kits and instruments maker - SARS-CoV-2 IgM test kit receives regulatory CE mark and is now expected to be available for sale in UK, Europe and other countries which accept CE mark.

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Yourgene Health PLC - Manchester-based molecular diagnostics group - Has its prenatal test IONA Nx NIPT workflow approved by Australia's Therapeutics Goods Association as a medical device Class 3. Means Australian distributor Southern Cross Diagnostics can begin sales.

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Litigation Capital Management - specialist asset manager and provider of disputes financing - Establishes disputes finance facility with "leading global law firm" DLA Piper.

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Deltic Energy PLC - London-based oil & gas exploration investor - Notes Royal Dutch Shell PLC, operator of Licence P2252 in North Sea, has delivered and processed seismic data from Pensacola Zechstein Reef prospect. Deltic and Shell to now work on interpreting data in view of well commitment becoming firm on December 1.

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Metal Tiger PLC - natural resources investor - Signs commitment to invest AUD500,000, about GBP273.678, in Pan Asia Metals Ltd's initial public offering in Sydney. Metal Tiger's interest in Pan Asia to increase to 7.5% from 7.3%.

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Armadale Capital PLC - Africa-focused natural resources investor - Begins testing of natural flake graphite from its Mahenge graphite project for battery applications. Testing being done alongside Australia's Commonwealth Scientific & Industrial Research Organisation.

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Caledonia Mining Corp PLC - Jersey-based gold producer - Second quarter revenue rises 39% annually to USD22.9 million from USD16.5 million. Gold produced during quarter to June 30 rose 6.2% to 13,499 ounces from 12,712 ounces.

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Condor Gold PLC - Nicaragua-focused gold explorer - Making "significant progress" in meeting terms of environmental permit for La India open pit development. Has now acquired 85% of land in La India site infrastructure.

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Beowulf Mining PLC - Nordic-focused mineral exploration and development company - Secures loan financing from Sweden of SEK12 million, about GBP1.0 million. Funds to be used to restart exploration work in Kosovo.

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Bahamas Petroleum Co PLC - Caribbean and Atlantic margin focused oil and gas company - Expects 2P reserves of one million barrels, targets 10 million barrels by end of 2021, 50 million barrels by end of 2025. Producing assets in Trinidad & Tobago currently have output between 400 and 450 barrels of oil per day, targets 2,500 barrels by end of 2021.

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KEFI Minerals - gold and copper explorer with projects in Ethiopia and Saudi Arabia - Forecasts Tulu Kapi gold production at 140,000 ounces annually at all-in sustaining costs of USD800 to USD900 per ounce over initial seven years of mining. Notes potential for underground mine, adding 50,000 ounces in annual output.

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SolGold PLC - Australian gold miner - Drilling underway at La Hueca gold and copper project in Ecuador. Regional exploration programme fully-funded to 2022.

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Cobra Resources PLC - owner of Wudinna gold project, Australia - Raises GBP1.5 million in placing of zero coupon convertible loan notes, with warrants attached, exercisable at 2.3 pence each. Funds to be used to progress drilling at Wudinna.

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Xtract Resources PLC - miner based in London - Initial planning for drilling at Bushranger copper-gold exploration project in Australia under way. Plans to drill nine holes. All shareholders of ProspectOre Ltd agree to exchange their shares for Xtract shares. Takeover still needs Australian regulatory consent.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 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.

Read more
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.

Read more
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.

Read more
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
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.

Read more
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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