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TRADING UPDATES: Dialight says end markets tepid; Tekmar wins deal

ALN

The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Dialight PLC - London-based industrial LED lighting company - Dialight is cautious on its sales outlook as it notes ‘demand trends and operating conditions’ in end markets remained soft in the third quarter ended December 31. However, it expects to top market expectations for adjusted operating profit. ‘The ongoing margin improvement, overhead cost reduction and higher cash generation announced in the interim results in September, have continued to improve with a strong third quarter profit delivery,’ Dialight says. It puts expectations for earnings before interest, tax and amortisation, or adjusted operating profit, at $8.6 million for the year ending March 31. It had achieved underlying operating profit of $4.2 million in financial 2025. Full-year results are to be released in June.

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Tekmar Group PLC - technology and services provider for the offshore energy industry - Wins $1.5 million contract with current engineering, procurement & construction customer. Tekmar is to supply protection solutions for a major port infrastructure asset in the Middle East. ‘The contract scope includes the engineering design and supply of bespoke scour protection solutions, providing long-term stability and protection for port infrastructure in challenging marine conditions. Delivery is scheduled for the third quarter of 2026,’ Tekmar adds.

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Orosur Mining Inc - South America-focused minerals explorer and developer - Orosur says it is starting 2026 in a ‘very different position to a year ago’. ‘One deposit (hopefully) soon to enter feasibility, two rigs turning in two countries and an increasing list of high-quality targets lining up to be next. Exciting times,’ Chief Executive Officer Brad George summarises. Orosur receives results from three holes at the Pepas gold prospect in Colombia. The drilling was conducted in December. The results were ‘strong’, Orosur says. ‘The company has begun the process of assessing the economic exploitation options for Pepas in the context of the Colombian permitting regime. Discussions are currently underway with local technical consultants to map out the permitting framework, necessary environmental and social studies, and development of the required technical work plan, that could commence once an MRE is finalised,’ the firm adds.

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Cobra Resources PLC - critical mineral developer in South Australia - A survey at the Blue Rose prospect, part of the Manna Hill asset, has defined two additional targets. One suggests sulphide mineralisation and another ‘high-grade skarn mineralisation’. Cobra has a 12-month option to acquire Manna Hill, and it notes it will initially focus on Blue Rose where drilling has intersected copper-gold mineralisation. Managing Director Rupert Verco says: ‘The geophysics results have provided us with the perfect launch pad into 2026, delivering exactly what we wanted to see, with an untested east-to-west trending chargeability anomaly associated with an untested skarn limb at Neptune Rose, and the chargeability envelope wrapping around the previously modelled remnant magnetised core at the Black Baccara porphyry target. This is textbook geophysics for a porphyry system. There is a growing copper deficit forecast between supply and demand. We are in the right postcode. South Australia hosts 70% of Australia’s proven copper reserves, and previous intersections point to favourable high grade, shallow mineralisation, while results of this recent IP survey support the company’s interpretation for scale.’

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Sunrise Resources PLC - exploration and development of mineral projects in western US - Sunrise has made ‘considerable progress’ at the Pioche sepiolite project in 2025, Executive Chair Patrick Cheetham says. A new field programme was completed last month, with samples collected for further testing. ‘The samples resulting from the December field programme provide a bank of samples available to interested parties with the first batch of samples having now been received by a large European industrial minerals group,’ Cheetham adds.

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RentGuarantor Holdings PLC - London-based provider of rent guarantee services in the UK private rental sector - Revenue in the fourth quarter of 2025 rises 83% on-year to £669,000 from £365,000, with annual revenue improving 88% to £2.4 million from £1.3 million. The annual outcome is 9% ahead of market expectations, RentGuarantor says. ‘This growth was driven primarily by the number of tenant contracts signed, with the average revenue per tenant contract increasing YoY by 1.2%,’ the firm adds. It expects an operating loss for 2025, adjusted for AIM admission costs and fundraising fees incurred in the fourth quarter, to be ‘increased by approximately £280,000’ relative to market forecasts of £416,000. It notes ‘accelerated marketing-related costs’ in the fourth quarter.

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