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The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: ---------- Inspecs Group PLC - Bath, England-based producer of eyewear solutions - Qualcomm Technologies Inc, the engineering and product subsidiary of San Diego, California-based semiconductor and telecommunications equipment company Qualcomm Inc, subscribes for 7.5 million shares in Inspecs at 100 pence per share, raising £7.5 million. Proceeds of the subscription will be used to support the growth of Inspecs and general working capital purposes. In addition, the two firms enter a new commercial collaboration focused on developing eyewear technology. This will aim to bring together Qualcomm Technologies’ technology expertise and scale with Inspecs’s eyewear design, manufacturing capability, global distribution and brand relationships. ‘We believe this investment and strategic collaboration will accelerate adoption in a category that is about to scale rapidly, and position Inspecs and Qualcomm Technologies among leaders in the industry,’ says Robin Totterman, founder of Inspecs. ---------- Baronsmead Venture Trust PLC - venture capital trust - Net asset value per share drops to 45.72 pence at March 31 from 49.35p a year earlier. Calls this a ‘disappointing result’ particularly in view of the progress made in the first four months under review. The value of the company’s listed assets fell 14% in the final two months of the period under review as the US war with Iran which began at the end of February resulted in a reduction in the value of listed equities around the world. Since the period end, there has been a recovery in the value of many of the company’s listed investments and an increase of 5.7% in NAV to 48.31p per share by May 31. Pretax loss is £18.1 million in the six months ended March 31, widened from £13.8 million the year prior. Basic and diluted losses per share total 3.86p, versus 3.57p a year before. Declares an interim dividend of 1.5p per share to be paid on September 7. ---------- Baronsmead Second Venture Trust PLC - venture capital trust - Net asset value per share decreases 9.3% to 47.0 pence at March 31 from 51.8p at October 1, after the payment of the final dividend of 2.25p per share in March. This reflects heightened geopolitical uncertainty, including the Iran war and its implications for the oil market, inflation and global supply chains, coupled with a selloff in equity markets, particularly in the business software sector. ‘This was disappointing and did not fully reflect the robust fundamentals of many of the company’s investee companies,’ Baronsmead says. Notes after the period end, NAV per share has risen to 49.95p per share by May 31. Firm declares interim dividend of 1.75p per share to be paid in September. ---------- CleanTech Lithium PLC - Chile-focused lithium explorer - Says Steve Kesler, non-executive chair, subscribes for 4.6 million shares at a price of 6 pence per share. This was set out in June when Kesler confirmed his intention to subscribe for the shares to settle accrued director’s fees owed to him by the company. Following the announcement of financial results for 2025, the company is no longer in a closed period, and Kesler is now permitted to subscribe for the shares. The shares carry a warrant entitlement of one warrant for every two subscription shares subscribed for. Each warrant grants the holder the right to subscribe for one new share at a price of 9 pence per share. ---------- Galileo Resources PLC - copper, gold and lithium mine developer in Zambia, Zimbabwe and Botswana - Says on Monday it entered into a conditional share purchase agreement with Metal Capital Exploration Ltd, a wholly owned subsidiary of ASX-listed Sandfire Resources Ltd, with Sandfire acting as purchaser guarantor. The agreement relates to the conditional sale of its wholly owned subsidiary Virgo Business Solutions (Pty) Ltd, which owns Botswana prospecting licences PL039/2018 and PL040/2018 for $3 million payable on completion, together with a potential one-off success payment of between $20 million and up to $80 million. Success payments are subject to meeting nominated thresholds for contained copper in a first qualifying ore reserve under the terms of the agreement. Metal Capital has made an exploration commitment of $4.5 million on the prospecting licences within three years of completion. Galileo, which has an existing relationship in Botswana with Sandfire, says the deal makes strategic sense as its ‘highly prospective’ portfolio and resources are primarily located in Zambia and Zimbabwe. ---------- Gana Media Group PLC - London-based mobile gaming content provider - Announces a placing and subscription by a number of investors including directors to raise £750,000 at 0.2 pence per share. The placing, undertaken by AlbR Capital raised £235,000 and the subscription arranged by the company raised £515,000. For each new share, one warrant exercisable at 0.4p per share, expiring 12 months following admission will be issued. Also updates on Estadio Gana, its licensed online casino and sportsbook in Mexico. Says trading momentum has continued to build through the second quarter, with new registrations and wagering volumes (total betting) up significantly. Believes this growth supports the rationale for the fundraising and positions the brand well for the World Cup and beyond. Intends to use the proceeds of the fundraise to increase spending on a number of key projects that it believes will ‘energise’ growth further. ---------- Acuity RM Group PLC - London-based risk management company - Plans to raise £400,000 through a share issue at a price of 0.75 pence per share. This includes a placing of around 46.8 million shares and an intended directors’ subscription of 6.5 million shares. In addition, there will be a retail offer of up to 6.7 million shares. Each new share will have one warrant attached, exercisable at the issue price for a period of 1 year. Zeus Capital Ltd and AlbR Capital Ltd are acting as joint brokers in connection with the placing. Proceeds will be principally used to develop Risk OS and invest further in sales and marketing, as well as provide additional working capital. Acuity RM expects to announce its results for 2025 in late June. It expects to report revenue of £2.1 million, flat year-on-year, and an operating loss of £190,000, narrowed from £1.1 million. The current financial year has started ‘satisfactorily’ with new contracts secured to the value of £600,000 in the first quarter and forward contracted revenues as at March 31 of £2.2 million, up 10% cent since the year end. Revenues in FY26 are expected to be broadly flat, with new customer wins being secured in the second half but offset by the impact of a fall in renewal rates of certain legacy STREAM customers. ---------- Frontier IP Group PLC - London-based company focused on commercialising intellectual property - Plans to raise around £3.9 million via placing at 12 pence per share and £112,000 via a subscription at the same price for a total £4.0 million. Placing is being conducted via an accelerated bookbuilding process to be undertaken by Allenby Capital Ltd and Shore Capital Stockbrokers Ltd. There will also be a separate retail offer at the same price. Proceeds will strengthen the balance sheet and provide working capital. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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