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The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: ---------- Rockwood Strategic PLC - London-based investor in small cap equities - Reports net asset value total return of plus 7.1% for the year ended March 31, above the FTSE Aim All-Share’s plus 5.1% return but below the plus 8.9% generated by the FTSE Small Cap (ex-ITs). NAV per share as of March 31 is 266.44 pence, up from 248.79p one year prior. Says NAV total return for the three years to March 31 is plus 36.3%, beating plus 20.7% from the FTSE Small Cap (ex-ITs) and minus 11.4% from the FTSE Aim All-Share. Notes that following the year end, portfolio companies Treatt PLC and Van Elle received takeover offers, at premiums of 48% and 58.5%, respectively. ‘Further positive gains and growth in NAV during the year mark another year of progress for Rockwood Strategic, building on the impressive medium-term record,’ says Chair Noel Lamb. ‘Whilst the conflict in Iran temporarily dampened our full year performance, post period end gains have been strong, supported by renewed corporate activity in the portfolio.’ ---------- Castings PLC - Brownhills, England-based iron casting and machining company - Reports group revenue of £173.2 million for the year ended March 31, down 2.1% from £177.0 million the year before. Revenue from its foundry operations to external customers decreases by 2.1% to £171.8 million from £175.5 million. Despatch weight of castings to third-party customers increases 1.2% to 41,500 tonnes from 41,000 tonnes. Pretax profit increases to £10.3 million from £5.6 million. Castings recommends an unchanged final dividend of 14.19p per share, leaving the total dividend also unchanged at 18.40p. ‘Demand from our heavy truck customers, which make up over 70% of group revenue, continued at the reduced levels of the previous year compared to the very strong volumes seen in [financial 2024],’ Chair Alec Jones notes. Says customer forward schedules suggest an increase of between 5% and 10%, including new work from wind energy customers. ‘We will continue to develop opportunities with existing customers in areas such as the electrification of lighter trucks and build relationships in other markets such as wind energy and agriculture,’ Jones adds. ‘We remain well positioned to take advantage of any increases in the US market as and when they come through.’ ---------- GreenX Metals Ltd - focused on Arctic Rift copper project in Greenland and the Tannenberg copper project in Germany - Says mineralogy study confirms that the Tannenberg Copper Project’s mineralisation is consistent with producing Polish Kupferschiefer copper-silver mines. Says it shows that the copper is predominantly hosted in chalcocite with additional bornite, chalcopyrite and covellite, which is typical of Kupferschiefer deposits. Study also identified bi-modal copper sulphide grain size distribution with both coarse and very fine disseminated material. Confirms the project’s potential suitability for a conventional flotation-based processing route, as used at Polish mining firm KGHM’s operations and planned for Lumina Metals’ Nowa Sol project. Adds that modern processing technologies offer potential to improve liberation and recovery of fine-grained copper sulphides relative to legacy flowsheets. ‘[The study] gives us confidence that Tannenberg appears to have the right ingredients to follow a proven development pathway, and we will advance metallurgical test work to unlock that potential,’ comments Chief Executive Officer Ben Stoikovic. ---------- Jardine Matheson Holdings Ltd - Hong Kong-based holding company with interests in retail, property, hotels and motor dealerships - Chief Executive Officer Lincoln Pan acquires 23,400 shares at $63.40 each, for $1.5 million, on Tuesday in Singapore. General Counsel Matthew Bland acquires 6,400 shares at $62.68 for $401,121 on Wednesday, also in Singapore. ---------- UIL Ltd - closed ended investment company focused on investments worldwide where the underlying value is not fully recognised - Enters a $13.5 million term loan facility with The Bank of NT Butterfield & Son Ltd. Says the facility has a two-year term from the date of drawdown with repayments in principal due in three equal instalments after 12 months, 18 months and at maturity. UIL has fully drawn down the facility and intends to use it for general corporate purposes, and to repurchase and/or redeem zero dividend preference shares due for redemption on October 31. It has also granted Butterfield a charge over part of its holding in Resimac Group Ltd. ---------- Likewise Group PLC - Birmingham, England-based floor coverings distributor - Says total group revenue, for the year to date ended Tuesday, has increased 17.0% on-year on a like for like basis. Revenue for June to date is 21% ahead of last year. Likewise says all projects in Glasgow, Leeds, Derby, Newport and East Midlands are on schedule to provide significantly more operational capacity for the second half of 2026 and for 2027 as a whole. Believes it is ‘in a particularly exciting phase of development in its short history.’ Reiterates that it has ‘had a very positive start to the financial year, with revenue growth outperforming original internal expectations.’ Remains confident it will achieve market expectations for 2026, although the second half ‘is very difficult to predict’ thanks to ‘widespread global tension and uncertainty’. ---------- Arrow Exploration Corp - Colombia-focused oil producer - Updates on operational activity at the Icaco field on the Tapir Block in the Llanos Basin of Colombia. Says the Icaco 2 exploration well was spud on May 18, and reached its target depth on May 26. Well was drilled to a total measured depth of 12,020 MD feet ‘and encountered multiple hydrocarbon-bearing intervals.’ Arrow says the well is currently producing from the Ubaque formation, at a restricted rate, 35/128 choke and 37 Hz pump frequency, of approximately 830 barrels of oil per day gross or 415 bopd net. Says the ultimate flow rate will be determined in the first few weeks of production. Arrow also spud the IC-4HZ well targeting the Ubaque on Saturday, June 13. The rig will next move to drill the IC-3 vertical well. Arrow reports total gross corporate production of approximately 5,000 barrels of oil equivalent per day, including the restricted production from the IC-2 well. Notes that the CN-HZ12 well is offline ahead of a workover. Says oil field realized prices averaged approximately $97.48 per barrel in May, and the company’s cash balance was $26.7 million at June 2. Also, Arrow says it and its Tapir block partner ‘have recently had encouraging meetings with Colombian authorities’ on an extension, which it ‘remains very confident’ will be granted. ---------- DP Aircraft I Ltd- Guernsey-based company focused on acquiring and selling aircraft - Announces the departure of Chair Jon Bridel, effective from September 15, after ‘nearly 13 years’ in the role. Will announce details of its succession plan ‘in due course’. Also, DP Aircraft reports that Non-Executive Director Robert Knapp acquired 2.0 million shares at 15 US cents each for $300,000 in total on Tuesday in London. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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