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The following is a round-up of earnings and trading updates by London-listed companies, issued this and last week and not separately reported by Alliance News: ---------- Grit Real Estate Income Group Ltd - Mauritius-based Pan-African property investment and management company - on Tuesday says subsidiary Bora Africa agrees to acquire the remaining 30% equity interest in industrial real estate platform Orbit Africa Logistics from Letlole la Rona Ltd for a nominal consideration of $2.00. The company owns a strategically located warehousing and manufacturing facility on Mombasa Road in Nairobi, Kenya. The facility was originally acquired by Grit in 2021 as a 25-year, US dollar denominated sale and leaseback transaction with Orbit Products Africa Ltd. Comments: ‘Grit already controls the asset management function and has implemented a range of operational initiatives, including restructuring the tenancy profile, reducing reliance on a single occupier, and onboarding an additional third-party tenant. These actions have improved income resilience and reduced concentration risk...By securing 100% ownership and control of the asset, Grit is better positioned to complete the operational turnaround, stabilise performance, and, where appropriate, position the asset for a future sale on improved terms.’ ---------- Anglesey Mining PLC - mining company with operations in Wales, Sweden and Canada - On Monday says pretax loss in first half to September 30 is £334,699, widened from £311,052 a year prior. Reports no revenue, unchanged. Expenditure on its mineral properties declines to £50,955 from £125,479. Net current liabilities at September 30 total £370,085 compared to £182,582 at March 31. During the period a conceptual study of a high-density fluid hydro-power energy storage project progressed to a pre-feasibility study, outlining a potential operating model and revenue streams that could catalyse the start of mining at Parys Mountain. ‘Our investigations show there is a positive business case for the energy project on a standalone basis, that the risks identified thus far can be reasonably overcome or mitigated,’ company says. ---------- Hargreave Hale AIM VCT PLC - venture capital trust investing in AIM-listed stocks in London - on Friday says net asset value per share is 36.46 pence at September 30, down from 40.55p a year prior. NAV total return is minus 0.22% compared to positive 4.93% for the Deutsche Numis Alternative Market ex IC Index Total Return benchmark. Total dividend in the 12-month period is flat at 4.00 pence. Post-period end, the investment manager reports an improvement in deal flow, with investments of £2.9 million having been made across two qualifying investments. ‘In addition, the team is active on a large number of deals across both public and private markets and expect several deals to close over the coming weeks,’ company says. ---------- Digital 9 Infrastructure PLC - London-based investor in internet infrastructure such as data centres and subsea fibre - on Tuesday confirms it will not exercise preemption rights to acquire up to a further 26.5% stake in Arqiva. Cites the March 2024-approved new investment policy in which shareholders expressed a preference for capital returns and that the company no longer undertake new or followon investments except to protect or enhance value or support orderly disposals. Says due diligence showed a further investment would not be in the best interest of shareholders amid its managed wind-down. ---------- Oracle Power PLC - developer of projects in Pakistan and Australia - on Tuesday says it and joint venture partner Riversgold Ltd execute a deed for grant of mining tenement and a land use agreement with the Marlinyu Ghoorlie Native Title Claimant Group. The agreements relate to tenements M25/389 and P25/2848 that cover the ground over the Kalgoorlie Gold Project. Chief Executive Officer Naheed Memon says: ‘We are very pleased to have signed this very important set of agreements with the Marlinyu Ghoorlie. These landmark agreements reflect the Northern Zone Gold Project’s owners’ commitment to working in partnership with the Marlinyu Ghoorlie people in a spirit of goodwill and mutual respect. This is a major milestone towards the advancement of the project and a key part of what is needed to convert the tenements to a mining lease and our moves to open up Northern Zone to gold production in 2026 with [MEGA Resources].’ On September 30, Oracle announced a binding right to mine and co-operation agreement with MEGA Resources for the Northern Zone Gold Project, 80% owned by Riversgold and 20% by Oracle. ---------- OPG Power Ventures PLC - developer and operator of power plants in India - on Tuesday says it will to continue keep shareholders informed through updates on its website, following its delisting from AIM on December 24. Non-Executive Chair N Kumar says: ‘The company remains committed to maintaining appropriate transparency with its shareholders and will continue to provide updates on its performance, progress and statutory accounts via its website. I would like to take this opportunity to thank all shareholders, both past and present, for their continued support of OPG over the years.’ ---------- Premier African Minerals Ltd - developer of RHA tungsten and Zulu lithium projects in Zimbabwe - on Tuesday provides an update following the notice of demand received from JR Goddard Contracting seeking payment of $2.3 million prior to enforcing a previously stayed judgment of $2.5 million. The creditor has issued a writ of execution for movable property at the Zulu Lithium and Tantalum Project in the High Court of Zimbabwe, seeking to realise about $2.2 million. Premier says communication is ongoing and it believes movable property attached pursuant to the writ may be recovered through the agreement and further payment arrangements with the creditor. ---------- Cindrigo Holdings Ltd - Guernsey, Channel Island-based renewable energy developer and producer - on Tuesday says the exploration licence for its German geothermal project, Weinheim, has been extended to November 30 2028. The license is one of three being developed by Cindrigo in the Upper Rhine Valley. Says all three licences have now been extended in line with the investment agreement between Zukunft Geoenergie GmbH and subsidiary CGEO Cindrigo Geothermal Ltd. As a result, Cindrigo’s acquisition of an 85% interest in ZGG, which holds the licences, has now become unconditional. Also, decides to take a more direct role in the biomass value chain through subsidiary Kaipolan Energia Oy. Says this will aid the commencement of its Finnish operations which include the Kaipola 110 megawatt biomass combined heat and power plant. ‘It is hoped that this will also reduce reliance on individual third-party off-takers and enhance the scale, resilience and earnings visibility of the group’s Finnish biomass operations,’ company says. Cindrigo has moved the target for the sale of steam/heat from the Kaipola to the first quarter of 2026, from an initial target of December 2025. Chief Executive Officer Lars Guldstrand says: ‘The strategic review of our Finnish operations has confirmed that broadening Kaipolan’s role within the biomass value chain is the most cost effective way to support the commercial start-up of the Kaipola Plant and strengthen the long term resilience of the platform.’ Cindrigo is currently in talks with potential biomass joint venture partners regarding funding to support the biomass expansion. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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