The following is a round-up of earnings by London-listed companies, issued on Friday and not separately reported by Alliance News:
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Macaulay Capital PLC - AQSE-listed investment firm - Begins trading on Aquis Stock Exchange Growth Market on Friday, having raised £1.9 million from its IPO. Will have 10.0 million shares in issue. Managing Director David Horner says: ‘We are delighted to bring Macaulay Capital to the market and have been enthused by the investor appetite for what we believe is a commercial proposition, with a significant opportunity to exploit the increasing awareness among private investors for alternative investments and for the potential for significant long term capital appreciation.’
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Georgia Capital PLC - Tbilisi, Georgia-based investor in businesses in Georgia - Wholly-owned subsidiary Georgia Healthcare Group’s Chief Executive Nikoloz Gamkrelidze steps down. Current Deputy CEO Irakli Gogi takes up CEO role. Gamkrelidze was planning to take up role of Georgia Capital CEO in May 2023. ‘Following Nick’s departure from GHG, he will not now take up the role of Georgia Capital CEO in May 2023,’ company adds. Firm will announce ‘a further update in due course with regard to the appointment of a new CEO’. Irakli Gilauri, as previously announced, will continue in his existing combined chair and CEO role until May 2023.
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Riverstone Energy Ltd - Guernsey-based investor in energy companies and assets - Says Conventional portfolio value ends June 30 at $269 million, with the private Conventional portfolio at $382 million. Decarbonisation public portfolio valued at $96 million with the private portfolio at $151 million. ‘While current geopolitical tensions persist and the global economy continues to recover from pandemic conditions, we expect our energy trilemma: security, affordability, and the need to decarbonise to mitigate the worst effects of climate change and drive global market dynamics,’ it explains.
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Amedeo Air Four Plus Ltd - investment company that buys, leases and sells aircraft - Net asset value per share ends March 31 at 90.34 pence, rising from 71.80p at the same point a year prior. Sees total annual rental income of £130.0 million, sliding from £201.4 million the year before. Notes portfolio value falls 16%, slowing from the 20% drop seen the year before. ‘Last financial year was about finalising the Thai Airways restructuring and determining the level of future dividends,’ it explains.
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Gama Aviation PLC - Farnborough, England-based aviation services company - Appoints Senior Independent Director Peter Brown to chair role. Brown was serving as interim chair following resignation of Non-Executive Chair Simon To on July 13.
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Tirupati Graphite PLC - London-based company specialising in graphite and graphene - Extends long stop date to acquire Suni Resources SA from Battery Minerals Ltd to end of August. Deal was originally agreed in August 2021. ‘The completion of the acquisition is pending regulatory approval and all supporting documentation has been submitted to Mozambique’s Minister of Natural Resources and Energy,’ it explains. Adding: ‘The acquisition will provide Tirupati ownership of the advanced Montepuez and Balama Central graphite projects in Mozambique, alongside associated technical intellectual property related to the assets.’
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Pantheon Resources PLC - London-based oil and gas company focused on Alaska - Alkaid-2 well on the Alaska North Slope reaches total vertical depth of 8,584 feet, with a measured depth of 8,950 ft, having ‘encountered multiple oil bearing reservoirs’. It adds: ‘Initial analysis indicates significant improvements in reservoir quality which could potentially lead to a material upgrade of the current resource for all targeted horizons.’ Confirms more than 1,400 ft of gross continuous oil bearing strata throughout the section drilled.
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Hummingbird Resources PLC - gold production, development and exploration focused on West Africa - Pretax loss in six months to June 30 widens significantly to $23.9 million from a $3.3 million loss the year before. Production costs rises to $64.9 million from $56.0 million. Revenue slumps to $70.4 million from $86.6 million. Says sales of $66.3 million, down from $84.0 million, were generated from 35,668 ounces of gold sold during the period at an average price of $1,859 per ounces. Notes production dropped but price was up year on year. Maintains 2022 production guidance of between 87,000 and 97,000 ounces.
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Bradda Head Lithium Ltd - North America-focused lithium development company - Pretax loss in year to February 28 widens to $3.5 million from $633,188 loss the year before. General & administrative expenses rises to $3.5 million from $452,860 following IPO in July 2021. Does not generate revenue in either period, but notes $2.3 million gains on sales during the most recent period. ‘The company is well-funded to carry out its exploration plans, and to unlock the full potential of its projects,’ Chair Ian Stalker says.
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