Last checked at 
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
----------
MySale Group PLC - Australia, New Zealand and south east Asia-focused online retailer - Reports revenue for financial year to June 30 of AUD117.9 million - about USD85.8 million -, down from AUD131.0 million the year before, and pretax loss widens to AUD5.4 million from AUD3.4 million. However, it flags a return to underlying profitability, with underlying earnings before interest, tax, depreciation and amortisation of AUD4.2 million ahead of market expectations, compared to a loss of AUD2.7 million year before. Reports "continued positive trading momentum" in first quarter of new financial year. Also appoints Kalman Polak, with over a decade at digital marketplace Catch.com.au, as chief executive officer.
----------
Coral Products PLC - Manchester-based plastic products supplier - Says trading improves "significantly" despite challenges of Brexit, US-China hostilities and the coronavirus pandemic. Revenue for financial year to April 30 rises to GBP10.7 million from GBP8.7 million the year before, and pretax loss slims to GBP316,000 from GBP463,000. "Our group is facing macro-economic challenges that are unprecedented, but we believe that our balance sheet and margins mean that we can mitigate the effects. The crisis will pass at some point," says Chair Joe Grimmond.
----------
Pelatro PLC - London-based marketing software specialist - Secures contract for the use of its mViva platform to be used by a small, unnamed southern European telecom firm, which is part of a large European telecom group. The platform will be used for campaign management operations. The contract is largely recurring and is expected to contribute about USD600,000 in revenue over three years. "This should further strengthen our activities and presence in Europe, paving the way for more contracts in the region," says Managing Director & Chief Executive Subash Menon.
----------
One Media iP Group PLC - digital music rights acquirer - Buys percentage of royalty share income in the Mike Bennett Productions catalogue of rights, for an undisclosed sum. The catalogue contains the income derived from over 6,000 recordings supplied by Mike Bennett and his partners. One media says that the deal will not add to turnover but that the retention of royalties payable will flow to the bottom line in cost savings.
----------
Metal Tiger PLC - investor in natural resources - Completes further investment in Australian mining and exploration firm Sandfire Resources Ltd. Metal Tiger subscribes for 3.3 million shares for a total cost of AUD17.8 million or around USD13.0 million. The investment is partially financed through the sale of 1.1 million Sandfire shares at an average price of AUD5.22 per share, existing cash and by entering into a 12-month AUD9.0 million lending facility agreement. Following the investment, Metal Tiger holds around a 2.4% stake in Sandfire.
----------
LPA Group PLC - Essex-based LED lighting and electro-mechanical system manufacturer - Warns "supply chain challenges" have caused further rail project delays and will tip this year's results into an operating loss. Says financial year 2022 will be a "year of development" as it focuses more on resilient markets and away from large scale rail projects. Notes its continued cash generative status will underpin the group in the near future.
----------
Idox PLC- Reading, England-based supplier of specialist information management software - Purchases Brecon, Wales-based geospatial technology firm exeGesIS Spatial Data Management for up to GBP7 million. The deal will see Idox make an initial payment of GBP5.4 million, with an additional payment of GBP1.7 million contingent on the retention of existing recurring revenue. The deal will be funded from Idox's financial reserves. "As Idox continues to build on its GIS, mapping and data capabilities, the acquisition of exeGesIS is an exciting move and allows us to offer greater expertise, products and services to our customers," comments Chief Executive David Meaden.
----------
Zenith Energy Ltd - Calgary, Canada-based producer of oil, gas and electricity - Reports record profits for its electricity production activities in Italy, where its Torrente Cigno concession has been generating around 920 megawatt hours per month on average. Says the electricity was sold at the high price of around EUR157 per megawatt hour, compared to prices of EUR45 to EUR55 per megawatt hour in September 2020. Records net revenues of about EUR150,000 each month at its Italian concession, with monthly net production costs of only EUR35,000. Plans remain to extend its electricity production model on a larger scale in certain African jurisdictions.
----------
Sportech PLC - London-based betting technology company - Extends exclusivity period afforded to potential contract buyer until October 29, in order to help bring a possible deal to a conclusion. The company is in the process of potentially selling its terrestrial lottery supply contract.
----------
Panther Metals PLC - Malaysia-based company focused on mineral exploration in Canada and Australia - Begins diamond drilling on Wishbone volcanogenic massive sulphide prospect at the Obonga project in Ontario, Canada. Phase 1 drilling consists of up to three drill holes seeking to test strong geophysical expressions which are considered to be indicative of mineralisation. The Wishbone VMS prospect is targeting base metals copper, lead, zinc, silver and gold.
----------
Amedeo Air Four Plus Ltd - investment company that buys, leases and sells aircraft - Says rehabilitation of Thai Airways continues and revised lease documentation is in progress. Now expects the process to conclude during November. Remains committed to reinstating a dividend policy as soon as practicable.
----------
Octopus Renewables Infrastructure Trust PLC - UK-based closed-ended investor in renewable energy assets - Buys two in-construction onshore wind farms in Poland from the PNE Group. The Krzecin and Kuslin wind farms, with a combined capacity of 58.8 megawatts once completed, will benefit from a high percentage of fixed price revenue under the Polish Contracts for Difference scheme, until 2038. The cost, including debt funding for both projects, is expected to be PLN568 million or around GBP105 million. The projects are financed by the European Bank for Reconstruction & Development and BayernLB and will both be finished by mid-2022.
----------
By Will Paige; willpaige@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.