In attempting to explain the rise, Braveheart noted it provided an update on January 29 concerning progress to develop a COVID-19 test that Paraytec Limited is working on in conjunction with the University of Sheffield.
The situation has echoes of yesterday’s announcement from Scancell Holdings, which saw its share price soar yesterday after press comment about its COVIDITY programme, in which the company plans to see whether is intellectual property can be applied to combatting COVID-19.
10.50am: Serco surges after US acquisition
The company has bought US Air Force and Army-focused Whitney, Bradley & Brown for US$295mln.
The acquisition, from US private equity group HIG Capital, will broaden its reach to all major segments of the US defence services market, the FTSE 250 group said, while also being immediately earnings accretive.
9.55am: CloudCoCo flying high as turnaround continues
The provider of information technology and communications services said underlying earnings (EBITDA) in the first quarter of its financial year – the October to December quarter – were significantly ahead of earnings in the same period of 2019.
The sales pipeline continues to be healthy, the company said.
9.00am: Fox Marble employs Dentons to press its claim against the Kosovo government
Fox Marble has engaged the services of Dentons Europe to act on the company’s behalf in its circa €195 million claim against the Republic of Kosovo.
Dentons has agreed a fee arrangement that enables Fox Marble to bring the arbitration through to its conclusion.
The aviation services provider continued to be adversely affected by ongoing losses at its Hong Kong-based associate, CASL, albeit by less than in the first half of the year, as a result of the coronavirus (COVID-19) pandemic’s impact on the commercial airline market.
Gama ended the year with cash of US$16.1mln, on top of which it has US$24.7mln left to draw from its revolving credit facility.
Proactive news headlines
World High Life PLC (AQSE:LIFE OTCQB:WRHLF) said its subsidiary, Love Hemp Limited, has seen a “strong increase in demand” during the coronavirus (COVID-19) pandemic with revenues up nearly 100% on the prior quarter.
Genel Energy PLC (LON:GENL) has provided details from its annual reserves statement, confirming 117.2mln barrels of proved and probable (2P) reserves across its assets in the Kurdistan region of Northern Iraq.
Block Energy PLC (LON:BLOE) told investors that gas sales have now begun at the West Rustavi field, in the Republic of Georgia, following the connection of Bago LLC’s pipeline to the main Georgian Oil & Gas Corporation pipeline.
World High Life PLC (LON:LIFE) (OTCQB:WRHLF) said its subsidiary, Love Hemp Limited, has seen a “strong increase in demand” during the coronavirus (COVID-19) pandemic with revenues up nearly 100% on the prior quarter. In a trading update for the period from October 1 to December 31, 2020, the cannabidiol (CBD) specialist reported that Love Hemp has accrued £1.56mln in revenues for the quarter, a 97% rise on the £793,500 figure from the first, while gross sales came in at £764,000.
Amur Minerals Corporation (LON:AMC), the nickel copper exploration and development company focused on the Kun-Manie project in the Far East of Russia, has reported that the terms and conditions for its Kun-Manie ‘Detailed Exploration and Mine Production Licence’ have been amended and registered with Rosnedra, the State Licencing Agency.
Condor Gold PLC (LON:CNR)(TSE:COG) has raised £4mln via a placing of just over 9.5mln new shares at 42p each. The money raised will be used to advance the La India gold project in Nicaragua further towards production.
Pan African Resources Ltd (LON:PAF)(JSE:PAN) boosted gold production by 5.9% to 98,386 ounces in the six months to December 2020. It leaves the company on track to deliver on its full year production guidance of approximately 190,000 ounces of gold. Net cash generated by operating activities increased by 178.2% to US$28.1mln, and the company was able to reduce net debt by 47.3%.
[email protected] Capital PLC said its temporary share suspension has not impacted its commercial progress, adding that the timing of the resumption of trading is out of its hands. It said it had successfully addressed the technical disclosure and transparency (DTR) breach regarding the timing of the publication of its financial statements on January 29. “SYME has since been in regular communication with the FCA in support of the regulatory steps and due process required for the lifting of the temporary suspension,” the company added.
Kodal Minerals PLC (LON:KOD) revealed that it has received a conversion notice in relation to its US$1.5mln unsecured convertible loan agreement with Riverfort Global Opportunities PCC Limited and YA II PN Ltd, which was announced on 15 July 2020. The Riverfort and YA funds have elected to convert a total amount of US$169,384.70 (£122,245), made up of a principal amount of US$150,000 and accrued interest of almsot $19,385, into 153,379,428 new ordinary shares of 0.03125p each in the company at a price of 0.079701 pence per ordinary share.
City Pub Group PLC (LON:CPC) said that on Monday February 15 it granted Toby Smith, who joined the Company as chief operating officer in November, an award of nominal cost options over 1,000,000 ordinary shares of 1p. The options have been granted under the company’s long-term incentive plan, are exercisable in 2024 following release of the Company’s audited accounts for the year ended 31 December 2023, are subject to performance conditions relating to the Company’s EBITDA profitability (pre-IFRS 16) and have a 10 year term. A further option over 25,000 shares was granted under the company’s share option plan, with an exercise price of £1.20, will vest after 3 years and have a 10 year term.
Thor Mining PLC (LON:THR ASX:THR) advised that an updated investor presentation is available on the company’s website, available via the following link: www.thormining.com/sites/thormining/media/pdf/interviews/thr-feb21-pres.pdf
Base Resources Limited (ASX:BSE LON:BSE) announced that it will host two investor and shareholder webcasts to discuss its half year results, which are scheduled for release on February 22, 2021. The webcasts will be hosted by managing director Tim Carstens, chief financial officer Kevin Balloch and general manager Stephen Hay, who will also be available to answer questions following a presentation of the company’s results. Full details are available on the company’s website.
Chaarat Gold Holdings Ltd (LON:CGH) said it will hold an online investor presentation for retail investors via the Investor Meet Company platform on Monday, 22 February 2021 at 10am. Chaarat’s chief executive Artem Volynets and chief financial officer Chris Eger will provide a live presentation relating to the 2020 operating results, the recently completed financing package and an outlook for 2021. Investors can sign up at https://www.investormeetcompany.com/chaarat-gold-holdings-ltd/register-investor
4d Pharma PLC (LON:DDDD) announced that its chief executive Duncan Peyton will participate in broker Cantor Fitzgerald‘s virtual panel, titled “Microbiome Players with Guided Readouts in 2021,” on Thursday, February 18, 2021 at 3pm. A webcast of the panel will be available via the “Events” section of the 4D pharma website.
e-Therapeutics plc (LON:ETX) notified investors that it will be presenting at the Shares Investor Evening webinar on Wednesday February 17, 2021. The webinar will start at 6pm and both existing and potential investors can register to attend. Ali Mortazavi, chairman and CEO of e-therapeutics, will be presenting an overview of the company and will be available to take questions during the event.
Frontier IP Group PLC (LON:FIPP) said it has today published the latest edition of its quarterly newsletter summarising key activities and developments within the group and its portfolio companies. More details are available on the company’s website