The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
----------
Katoro Gold PLC - London-based precious minerals explorer & developer - Says it is finalising the appointment of a new nominated adviser. However, should this not happen by January 11, its shares will be suspended from trading on AIM on that day. If within one month a new nomad is not appointed, the listing will be cancelled. Katoro also says it needs to raise funds to progress its interests and for working capital. Katoro notes that further development is required to move along the TNMM iron ore project in Namibia.
----------
Deltex Medical Group PLC - Chichester-based cardiac monitoring system maker - Expects revenue to to be ahead of 2021 figures. Says it has a ‘large advanced opportunity in the pipeline which if successful, could provide a further boost to revenue in the short term’. Says it has made progress towards completing its innovative, next generation TrueVue monitor. ‘The business has been tightly managed and therefore operating costs are lower than originally anticipated. However, in order to help fund the increased cash requirements associated with the unexpected delay in the launch of the New Monitor, Nigel Keen, the company’s chair, has agreed to provide further cash support to Deltex Medical, on arm’s length commercial terms,’ the company says. Accordingly, says the board enters into a deal with Imperialise Ltd for a loan of £25,000 by way of extension to the existing £500,000 standby loan facility.
----------
Hardide PLC - Oxfordshire-based advanced surface coating technology developer - Confirms annual revenue guidance for the financial year that ended on September 30 of about £5.0 million, an increase of almost 40% on 2021. Expects to report a loss before interest, tax, depreciation and amortisation of £900,000, narrowed from £1.5 million the year before. Says it is ‘better than the previous year in line with the board’s expectations and reflecting the improved revenue performance’. Revenue growth has continued in the new financial year. Additionally, says it has raised £500,000 in net cash proceeds from the purchase, sale and leaseback of its Martinsville facility in the US. Accordingly, it has entered into a new 10 year lease for the site.
----------
Mercantile Ports & Logistics Ltd - Indian port and logistics facility developer and operator - Expects to meet revenue forecasts for financial 2022. Says its facility at Karanja has handled about 1.2 million tonnes of various bulk commodities and the company sees ‘strong momentum going into the next financial year’. Says it has all the requisite infrastructure and permissions in place to handle container movement and it expects to commence handling of containers in 2023, which will be an additional revenue stream.
----------
Circle Property PLC - UK-focused regional office investment & development company - Sells 36 Great Charles Street to Posthandle Ltd for £3.7 million. Sale price represents a 30% decrease from valuation of £5.2 million on March 31. Expects completion in mid-January next year. Also sells 710 Aztec West to Harwood Business Parks Investment Ltd for £2.3 million. Sale price represents a 11% decrease on valuation of £2.6 million on the same date.
----------
Avation PLC - Singapore-based passenger aircraft leasing firm - Completes sale of two ATR72-600 aircraft to an airline related customer, for an undisclosed sum. These aircraft were previously leased to Loganair, the progress of which transaction has been announced during the course of this year.
----------
Copyright 2022 Alliance News Ltd. All Rights Reserved.
