Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Outlook
As previously stated, the Group continues to believe that a financing solution will be found that involves its existing partners and stakeholders. However, there are also other options available to it. The Group confirms that it recently received an approach for the whole business, which has subsequently been withdrawn and there are no further discussions with that party or any other party in relation to an offer for the whole business. In addition, the Group has also received indications of interest for parts of the business. The Board will consider all options with the aim of maximising value for all stakeholders.
Further to the Company's announcement on 12 August 2021 regarding the proposed £35 million Capital Raising (the "Launch Announcement"), the Company is pleased to announce the successful completion of the bookbuilding process for the Firm Placing (the "Bookbuild"), which has now closed. The Company has conditionally placed 150,000,000 New Ordinary Shares at the Offer Price of 20 pence per share (the "Offer Price"), raising gross proceeds of approximately £30 million.
S**te share,
MM's are absolute effing c***s
Won't let you sell! Barstewards! No volume
Avoid
I assume trading update is due as it’s been 4 months!
Falanx Group Limited
07 December 2021
We view the future for Falanx with increasing optimism. We are operating in an exciting high growth market where there is increasing corporate and customer activity, and we look forward to updating shareholders with our progress over the next few months. "
Osirium Technologies Sees Double-Digit Revenue Growth In First Half
Mon, 8th Jul 2019 11:21
The AIM-listed company noted that there has been a "very positive" reaction to its new OPUS security automation product, recently launched at InfoSec. Osirium said it expects to secure first InfoSec customers in the second half of 2019.
Osirium said it has released Privileged Endpoint Management product, which manages privileges for applications running on laptops and workstations. The firm expects early customer orders to be received by late 2019.
"The board looks forward to updating shareholders on our progress as we continue to build momentum and expand market share," added Guyatt.
Osirium said it expects its interim results to be released in September.
The stock was trading 0.7% higher in London on Monday at 72.00 pence a share.
PPA will be rolled out initially to 600 users and 100IT servers and systems in GP surgeries at one of MLCSU’s CCG clients, with the potential for a further roll out in due course. By deploying PPA at GP surgeries, staff can action updates such as resetting user accounts immediately, without needing to know complex IT management systems, the privileged access credentials for user accounts, or submitting requests to a central IT help desk and waiting for a response. The result will be less disruption to users, and reduced workloads for the IT administrators.
Key to selecting PPA was ease of use at the GP surgeries. User testing showed that PPA’s unique conversational style of interaction with users meant that complex operations could be used with little or no training.
Osirium worked closely with its specialist healthcare partner, ITHealth, to ensure the Osirium solution could address the needs of MLCSU.
David Guyatt, Chief Executive Officer, commented:
Secure automation is the way that any organisation, especially the over-stretched NHS, can deliver more benefits to patients and staff while improving security. We see Automation as a significant area of growth and there is a growing interest in PPA as a primary or standalone solution. Importantly, the model being adopted by MLCSU’s clients is applicable across a wide range of industries such as retail, hospitality, and transportation, providing the opportunity for wide-scale deployment to new and existing customers. We expect this product to become an important contributor to Osirium’s revenue in line with this broader market awareness.
https://www.osirium.com/news/new-ppa-customer-nhs-commissioning-service
https://www.osirium.com/news/osirium-at-gisec-2022
February 2022
Osirium at GISEC 2022
21-23 March Dubai
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Osirium are excited to be attending GISEC in Dubai alongside our partners emt.
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We'll be talking about how to protect critical IT systems from ransomware and other malware, how to make third-party and supplier connections secure, automation for IT processes and how to remove local admin accounts from endpoints.
For the financial year which ended March 31, Quiz expects to post revenue of GBP78.0 million, which would top expectations and be up 96% from GBP39.7 million from the year prior.
"Positive sales momentum" it saw over the Christmas period continued into the final quarter of its financial year.
"This encouraging momentum was achieved across both the group's store and concession portfolio as well as its e-commerce website, and resulted in like-for-like revenues broadly consistent with those generated in FY 2019, prior to the impact of Covid-19," Quiz said.
https://www.lse.co.uk/media/ANGS/angus-energy-ceo-george-lucan-predicts-15m-therms-in-may-3m-by-august-debt-free-by-the-year-end.html
Non believers: Watch the Video Interview.
London South East spoke to George Lucan , MD at Angus Energy (ANGS), and George gave us some invaluable context to the Saltfleetby and Brockham RNS's which have been released by #ANGS in the last month or so.
He said that of the 6 gas wells at Saltfleetby, 2 wells will be producing First Gas in May at a rate of approximately 1.5 million therms per month. The remainder are candidates for sidetracks and/or geothermal projects.
"We are also sidetracking one well which by itself will be producing a further 1.5 million therms. Contractors have advised a date of late June, followed by a window of 30/40 days for drilling and then tidying up before the flow date in August."
"With that on stream we would expect to pay down all capital debt by the end of the year, the calendar year, gone from the balance sheet. That gives you a sense of the gas price and the potential of the field."
When pushed about whether the Saltfleetby assets were to be sold or kept, George explained that everything remained under Takeover Panel rules and he wasn't allowed to say much other than "We are continuing to be in discussions with parties."
If the assets are kept, some funds would be returned to holders via an in specie special dividend or a share buy back programme. The caveat to all this of course is: "to the extent we are not involved in some corporate action, which as you know is pending".
"The one thing I can add" said George, "Is that as a board we have worked so hard for this we are not about to give this away for 'a song' as some shareholders may be concerned. We will drive the hardest bargain that we can in this environment."
In summary the Report estimates production giving rise to gross field revenues, before costs etc on a mid-case basis of £230 million (previously £141 million) of which Angus's share is 51%. This approximates to a gas price of 64p/therm being a mix of the actual volumes already hedged at 43p/therm and the remaining unhedged volumes accorded prices derived from the quoted and traded NBP forward curve to December 2026 and thereafter escalated by 1.5% per annum. The gross volume of reported Gas Reserves is unchanged.
The CPR, performed by Oilfield International Limited, gives the net present value of the cash flows from the Saltfleetby Gas Field, including the impact from the revised capex, the loan facility debt service costs, the associated royalties and the mandatory hedging. Oilfield International Limited has used a conservative discount rate of 10%. The previous February 2020 report values in parentheses, presenting the values attributable to Angus:
· A conservative case, or P90, NPV10 of £25.4 million (previously £16.7 million)
· A mid-case, or P50, NPV10 of £38.5 million (previously £25.2 million)
As we move closer to first gas at Saltfleetby, Angus is well set to provide the UK with gas, being the transition energy of choice. Alongside this progress the Company has been actively building a portfolio of geothermal development projects in the south west of England. Over the coming months we will focus more closely on these assets.
https://twitter.com/angusenergyplc/status/1509476597484634114?s=20&t=zoRBJ2kQ9YkB1mVzVFKoKg
Angus Energy Plc
@angusenergyplc
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21h
1. Cable trays.
2. Full length piping.
#ANGS
Angus Energy CEO George Lucan predicts 1.5M therms in May, 3M by August - debt free by the year-end
Gas prices through the roof in UK!
Angus have a solution!
Trainline PLC said on Thursday ahead of its full-year results that ticket sales in financial 2022 were well on their way to recovery from the impacts of the pandemic.
The London-based rail and coach tickets app provider said net ticket sales had recovered to 68% of pre-Covid levels, with GBP2.52 billion sold in its year ended February 28. This was over triple the GBP783 million sold in financial 2021.
Shares in Trainline were up 4.4% at 218.20 pence each in London on Thursday morning.
In the third quarter of the financial year, ticket sales were 86% of those recorded two years before; the highest level since the onset of the pandemic.
The onset of Omicron in the fourth quarter somewhat damped this progress, with sales scaling back to 75% of pre-Covid levels.
Total revenue for the year was GBP189 million, nearly tripled from GBP67 million in financial 2021.
It expects adjusted earnings before interest, tax, depreciation and amortisation to come in "at the top end" of the previous guidance range of GBP35 million to GBP40 million for the year.
Trainline said its plans to accelerate international growth were "well underway" following the acquisition of Trenitalia France, and its first major brand campaign in Italy.
"I am pleased with our performance this year, which was in line with our expectations despite the short-term impact of Omicron in the fourth quarter. Playing a leading role in the wider industry recovery, we encouraged people back onto trains and increasingly towards digital ticketing," said Chief Executive Officer Jody Ford.
Full-year results for financial 2022 will be released on May 5.
Ukraine Update: Talks With Russia May Resume Friday, Kyiv Says
Bloomberg News
30 March 2022, 07:15 BSTUpdated on31 March 2022, 06:35 BST
Officials from Ukraine and Russia are set to resume talks via video conference on Friday, according to Ukrainian negotiator David Arakhamiya. There was no immediate confirmation from Moscow.
https://www.bloomberg.com/news/articles/2022-03-30/ukraine-update-nato-looks-for-signs-of-pledged-russian-pullback