(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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DP Eurasia NV - master franchisee of Domino's Pizza brand in Turkey, Russia, Azerbaijan and Georgia - Says trading performance has continued its strong momentum since interim results in September. For ten months to October 31, group system sales increased 52%, on the back of strong demand in Turkey and against weak comparables for first half of 2020 in both Turkey and Russia due to the pandemic. Turkey delivers systems sales growth of 62%, while Russian system sales growth comes in at 28%. "Whilst the board is conscious of the potential continued risks posed by the pandemic, we remain on target for our 2021 guidance in our markets and the Board expects the full year adjusted Ebitda for 2021 to be in line with expectations," says Chief Executive Officer Aslan Saranga.
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Myanmar Investments International Ltd - Reports net asset value of USD25.6 million as at September 30, down 28% from last year, equivalent to USD0.67 per share. Says NAV decline was driven mainly by the decrease in the assessed value of investments in AP Towers - down USD6.1 million to USD22.3 million and in Myanmar Finance International Ltd - down USD2.9 million to USD1.5 million. "We intend to complete the sale of MFIL as soon as it is practical which will include finalising the closing audit and obtaining regulatory approval. We have reduced our operating costs significantly. In order to maximise the return of surplus capital to our shareholders, we are considering the option of cancelling the admission to trading of the ordinary shares of Myanmar Investments International Ltd from the AIM market of the London Stock Exchange which would save a substantial amount of money," says Chair Henrik Bodenstab.
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Inqo Investments Ltd - South Africa-focused investment firm - For six months to August 31, pretax loss widens to ZAR5.8 million from ZAR5.0 million last year on revenue of ZAR607,688, down from ZAR1.7 million. "Like businesses around the world, the group has been heavily impacted by the Covid-19 pandemic. All businesses in the group have reported reduced earnings during the pandemic and have taken extensive steps to reduce operating costs to the minimum and adapt to the realities of operating a business during the ongoing Covid-19 pandemic," it explains.
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Summerway Capital PLC - company which invests in household and consumer goods sectors - For financial year ended August 31, pretax loss widens to GBP473,007 from GBP174,511 last year. Generates no revenue for the year. "As a board, we remain excited about the opportunity for securing the group's inaugural transaction, and in doing so, establish a position within the substantial and rapidly growing pharmaceutical medical cannabis sector. We look forward to updating shareholders in due course as the company's proposed acquisition with Vertigrow progresses towards completion," Interim Chair Benjamin Shaw says.
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Advance Energy PLC - upstream oil and gas company - Updates on the Buffalo project, offshore Timor-Leste ahead of the drilling of the Buffalo-10 well. Says the operator, Carnarvon Petroleum Timor has been advised that the Valaris JU-107 jack-up rig is in the final stages of its current operations with another operator, with rig handover expected within the next two weeks. "We are pleased to note that the drilling preparations are all going smoothly and that the operator has confirmed the rig handover will occur in a couple of weeks. The drilling of the Buffalo-10 well is a major event for Advance Energy and we look forward to providing further updates at the appropriate operational milestones," says Chief Executive Leslie Peterkin.
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D4T4 Solutions PLC - Surrey-based data management - Releases updates to enterprise software Celebrus Customer Data Platform. Notes the updated version 9.5 helps clients to unlock greater value from their customer data and integrate it throughout their technology platforms. Celebrus CDP now includes an easy-to-use API Connector that seamlessly connects Celebrus to any external technology application used by clients, D4T4 says.
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Target Healthcare REIT PLC - care homes property investor - Says it has entered into a new long-term GBP37 million committed term loan facility with Phoenix Group Holdings PLC, an existing lending partner. The facility carries an aggregate fixed rate of interest of 3.13% per annum on a 10-year term, maturing in January 2032, aligned with the group's existing GBP50 million facility with Phoenix, it explains. "The portfolio's performance during Covid has been robust, with the quality of our real estate and our tenants' ability to astutely manage their businesses providing an attractive proposition to lenders. This additional debt funding for the group aligns with our strategy of continuing to grow the platform sustainably alongside efficiently managing the capital structure," says Gordon Bland, finance director of Target Fund Managers.
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Bank of Georgia Group PLC - Tbilisi, Georgia-based lender - Says that its subsidiary, JSC Bank of Georgia and the US International Development Finance Corporation have signed a USD100 million loan agreement with a maturity of over 11 years. The facility will enable Bank of Georgia to on-lend to micro, small and medium-sized business customers to minimise the effects of the Covid-19 pandemic-related economic implications in Georgia, it says.
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Galantas Gold Corp - Canadian miner - For third quarter to September 30, net loss widens to CAD1.2 million - about GBP706,740 - from CAD776,956 in the prior year. Generates no revenue during the period.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Galantas Gold (GAL)
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