News Archive

Midwich Group Plc.gained by over 16% on the bourses on Friday

12:07 AM, July 21 2017

Midwich Group Plc. gained by over 16% on the London stock exchange, post the company announced its pre close trading update. As per the management, The Company has traded well in the first half, and good growth in topline has been seen across all the geographies on constant currency basis. This underlying revenue growth has been delivered whilst maintaining overall gross margins in line with those reported for 2016. The Board is also pleased to note that the new Spanish business, Earpro, acquired in March 2017, has had a very positive start contributing ahead of previous expectations in its first three months. Also, the cash generation is also in line with the expectations of the management

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Echo Energy Plc. had lost over 5%post its Q3 portfolio update

12:17 AM, July 5 2017

Echo Energy Plc. had lost over5% on the bourses, post the company provided first the first of its quarterly portfolio updates, including an update on its growing Bolivian interests following the announcement dated 21 June 2017. The company confirmed that the initial technical work to further mature the exploration prospect in Huayco has commenced and tendering for the 3D re-processing is underway. The company is also in advanced discussions with various parties in relation to other opportunities in Bolivia and further announcements will be made in due course. The company is also in discussion with various candidates regarding the regional MD role, which will lead a dynamic regional team.

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Huntsworth plc surged by 5% post the acquisition of the Creative Engagement Group

2:05 PM, July 3 2017

Huntsworth plc. had surged by over 5% on the London stock exchange, post the company announced the acquisition of the Creative Engagement Group for total consideration of £24.7m. The acquisition would strengthen Huntsworth's ability to provide high quality digital creativity to its clients, and allow TCEG to benefit from access to the Group's existing healthcare clients, especially in the US where there is significant opportunity for TCEG to increase its market share. The consideration of £24.7m would be financed through the Group's existing facilities.

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Bellway Plc surged by over 5% post the company announced its trading update

2:49 PM, June 14 2017

Bellway Plc surged by over 5% post the company announced its trading update. As per the trading update, sales demand was pretty strong, with a 13% increase in the reservation rate to 221 per week versus 196 per week in the year 2016. The financial year 2017 was another year of significant volume growth with the increase in housing completions for the full year to 31 July 2017 is expected to approach 10%. Also, the robust trading performance should result in an operating margin slightly in excess of 22%.

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K3 Business Technology Plc fell by 4.5% post the fundraising announcement

12:39 AM, June 12 2017

K3 Business Technology Plc. fell by over 4.5% on the bourses post the company announced that it has proposed placing of 5,353,214 New Ordinary Shares at 140 pence per share and Open Offer of up to 719,984 New Ordinary Shares at 140 pence per share. Through placing, the company would raise up to £7.5 million before expenses at a price of 140 pence per share. The placing would be conducted through an accelerated book build process which will open with immediate effect following this announcement. However, the proceeds of the placing and open offer would be used to strengthen the balance sheet and provide additional working capital. Also, additional £0.7 million cash being invested in K3 through exercise of warrants by Johan Claesson.

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Windar Photonics plc fell by 3% post the announcement of the final results

12:19 AM, June 9 2017

Windar Photonics plc. had lost 3% on the bourses, post the company announced its final results. As per the results, FY16 revenue grew by 26% compared to one year ago. The gross profit increased by 113% yoy in FY’16. As per the management, the company also Expanded product features to include detection of Turbulence Intensity, Wind Shear Intensity and Wake Intensity, adding additional wind turbine optimization opportunities. The company also Implemented a new strategic approach to the IPP market segment by appointing seven new non-exclusive distributors to increase our market presence and at the same time reduce operating expenditure. The company also received further equity support of £1.9 million.

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Vast Resources plc.surged by over 6% on the bourses

11:57 AM, May 30 2017

Vast Resources plc. the AIM-listed mining company, had surged by over 6% on the London stock exchange, post the company announced that it has now received approval of the assignment of 49.99 per cent. of Vast's loan account with Canape by the Reserve Bank of Zimbabwe ensuring that the US$4 million payment from SSCG Africa Holdings Ltd and its group can now be transferred to Vast.

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Mycelx Technologies Corp had surged by over 6% on the bourses

11:31 AM, May 26 2017

Mycelx Technologies Corp had surged by over 6% on the bourses, post the company announced a contract win with a new SABIC affiliate customer. The company has been awarded a contract for up to $1.1m to deploy in-country rental fleet equipment to manage the oily water treatment needs for a new SABIC-affiliate customer. This would allow company to respond rapidly to its customers’ needs.

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Georgian Mining Corporation surged by over 12% on the bourses, post the succesful subscription of new ordinary shares

1:42 PM, May 23 2017

Georgian Mining Corporation  had risen by over 12% on the London stock exchange post the company announced that it has raised US$7 million through significantly oversubscribed placing and subscription of 34,149,638 new ordinary shares of no par value in the capital of the Company, with new and existing shareholders in the Company, at a price of 16 pence per Placing Share .

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On the Beach Group plc surged by over 5% on the London stock exchange post the company announced the acquisiton of sunshine.co.uk

11:30 AM, May 10 2017

On The Beach Plc. Had gained over 5% on the bourses, post the company announced that its subsidiary On the Beach Travel Ltd has agreed to acquire the entire issued share capital of Sunshine.co.uk Limited, an online travel agent based in the UK, for a total consideration of £12.0m. The consideration will be funded from the company’s cash resources and bank facilities in the form of an extension to the Group's existing working capital revolving credit facility with Lloyds Bank plc. It would be split in two parts i.e. 755 would be paid on completion and remaining 25% would be paid in December. However, the company also confirms that this would not impact the dividend policy of the company.

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SDX Energy Plc had lost over 11% on the bourses on 5th May

12:18 AM, May 5 2017

SDX Energy Plc. had lost over 11% on the bourses, post the company announced that  that drilling on the SD-1X well at its South Disouq concession in the Nile Delta area of Egypt has now reached its second target depth. The well has now been drilled to a total depth of 11,068 ft. Hydrocarbons were present in the deeper intervals, which indicates a working petroleum system within this section. Additionally, the well confirmed both the presence and quality of the reservoir intervals within this section

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Harvest Minerals Limited had lost over 5% on the bourses

9:28 AM, April 28 2017

Harvest Minerals Limited had lost over 5% on the bourses, post the company provided an update for its 100% owned Arapuá Fertilizer Project. in Minas Gerais State, Brazil. As per the highlights, final exploration report got submitted, trial mining permit extended whilst the full mining license application process is underway and Agronomic test work ongoing with initial results due shortly.

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BOS Global holdings Limited gained around 5% on the bourses, post the company updated on agreement to acquire 40% of call design

11:15 AM, April 21 2017

BOS Global holdings Limited had gained around 5% on the bourses post the company updated the conditional agreement to acquire a 40% interest in Call Design Pty Ltd that was announced on 20th March 2017.

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Galantas Gold Corporation had lost over 2% on the London stock exchange on Thursday

11:55 AM, April 13 2017

Galantas Gold Corp had lost around 2% on the bourses, post the company reported that construction of the portal works for development of its underground gold mine are complete. The portal works involved drilling and blasting of the initial opening, the installation of grouted cable bolts and meshing and bolting of the adjacent rock faces

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Pan African Resources Plc had lost over 6% on the London Stock exchange on Wednersday

12:26 AM, April 12 2017

Pan African Resources PLC had lost around 6% on the bourses; post the company announced a proposed comprehensive funding package for the Elikhulu Tailings Project. It comprises of a proposed placing to existing and new institutional investors of 291,480,983 new ordinary shares of 1 pence each at an issue price of 14 pence per Placing Share or ZAR2.42 per Placing Share to raise approximately ZAR705 million (US$51 million) and a ZAR1.0 billion (US$72 million) underwritten seven-year debt facility which has been agreed in principle with Rand Merchant Bank, a division of FirstRand Bank Limited.

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