Iconic Labs PLC (LON:ICON) has unveiled a commercial partnership agreement with Glimpse Protocol, a provider of advanced technologies to Ad-tech. The media company said this collaboration allows it to be well-positioned to become industry leaders in the cookieless advertising space and future-proof this part of its business.
Sensyne Health PLC (LON:SENS) chief executive Lord Drayson said the wider adoption of clinical artificial intelligence (AI) and remote patient monitoring during the pandemic “underlined the growth potential that our model can deliver”. He was speaking following the publication of preliminary results that showed that Sensyne was gaining significant commercial traction for its model.
Sensyne also said it has teamed up with Oxford University to provide the data analysis for a phase II clinical study of a blockbuster arthritis drug that is being re-purposed to tackle the potentially fatal symptoms of COVID-19.
Zoetic International PLC (LON:ZEO) appears to have emerged from a transitional year in a strong position with its branded cannabidiol (CBD) line registering significant early growth. The sale of legacy oil and gas assets has allowed the team to focus on the core business and the consumer reaction to the company’s CHILL tobacco-free CBD ‘smokes’ and CBD chew pouches products has “exceeded expectations”, investors were told.
ImmuPharma PLC (LON:IMM) has posted a reduced loss in the first half of its current year despite disruptions caused by the coronavirus (COVID-19) pandemic as it continued to focus on progressing its Lupuzor lupus treatment.
Polarean Imaging PLC (LON:PLLX) said it expects to make the submission for approval of its Xenon Polariser lung imaging system to the US Food and Drug Administration early next month. In a statement for the half-year to June, chief executive Richard Hullihen said the company had “achieved one of its most important milestones to date, the positive readout from our Phase III clinical trials”.
S&U PLC’s (LON:SUS) chairman Anthony Coombs has highlighted a “very encouraging” rebound in the company’s trading following the UK’s pandemic lockdown and there were “significant opportunities” to attract new customers and increase market share going forward.
MBH Corporation Plc (FRA:MBH), the specialist SME investment holding company, has raised its acquisition target after a strong first half of 2020. The Frankfurt-listed group completed three deals in the six months to end June but has since taken that to seven and wants the figure to rise to ten or more by the end of the year.
Minds + Machines Group Limited (LON:MMX) is expecting a stronger second half as the recovery from the pandemic-related impacts continue. The website domain company, in its interim results statement, noted that its business is traditionally second-half weighted and it is expecting both revenues and earnings (operating EBITDA) to be ahead of the first half.
City Pub Group Plc‘s (LON:CPC) executive chairman has warned that the chancellor’s Winter Economy Plan isn’t suitable for the pub sector and will result in significant job losses. “The current package of support simply does not go far enough stave off immediate and permanent damage to an industry that pays significant tax and employs 10% of the UK’s workforce,” Clive Watson said in a statement with the group’s interim results.
AdEPT Technology Group PLC‘s (LON:ADT) chairman Ian Fishwick has hailed the company’s “resilience” during the coronavirus pandemic, saying that the company’s order intake has performed better than anticipated with cash collection improving since the end of April.
Bushveld Minerals Ltd (LON:BMN) generated revenue of US$43.1mln from its South African vanadium operations during the first half of 2020, down from the US$78mln generated in the corresponding period a year ago, as lower vanadium prices and lost production due to the coronavirus crisis took their toll.
NQ Minerals PLC (AQSE:NQMI)(OTCQB:NQMLF)(OTCQB:NQMIY) generated sales of GBP15.6mln during the six months to June 2020. Pre-tax losses amounted to GBP18mln, after GBP14mln in financing costs were added to selling and distribution expenses and administrative costs.
W Resources PLC (LON:WRES) said although the coronavirus pandemic has had an affect, production is building at its La Parilla mine as it starts to reap the benefits of operational improvements. Production in the first six months of 2020 reached 106.5 tonnes of tungsten concentrate and 64.5 tonnes of tin concentrate, resulting in half-year revenues of GBP1.01mln compared to GBP0.29mln in the same period last year.
Trident Royalties (LON:TRR) generated revenue of just under US$949,000 during the six months to June 2020, as its newly established royalty portfolio started paying out. The company lost just over GBP1mln before tax. Since listing on Aim in March, Trident has announced five transactions comprising a total of eight royalties.
Amur Minerals Corporation (LON:AMC) continues to push the Kun Manie mine project closer to ‘bankable’ status with the key Russian TEO report now said to be “very nearly complete”. Technical studies produced for the TEO – the Russian equivalent of a feasibility study – will feed directly into the next step, the mine’s bankable feasibility study (BFS).
Bezant Resources PLC (LON:BZN) said it has repositioned its portfolio during 2020 for a predicted surge in copper demand over the next decade. Colin Bird, executive chairman, noted the AIM-listed business had acquired a 30% interest in the Kalengwa copper-silver project in Zambia and a 70% interest in the Hope Copper-Gold project in Namibia.
Metal Tiger PLC (LON:MTR) delivered a loss before taxation of GBP3.4mln in the six months to June 2020. During the period the company’s net assets dipped to GBP23mln from GBP26mln in the corresponding period a year ago.
Panther Metals PLC (LON:PALM) returned a loss for the six months ended 30 June 2020 of GBP388,126. During the period the companies net assets rose from GBP414,000 as at the end of December to nearly GBP1.1mln.
Block Energy PLC (LON:BLOE) said it expects gas sales to commence in the fourth quarter from West Rustavi despite the coronavirus pandemic proving “very hard to predict”. The firm said gas purchaser Bago is completing the final stages of the permitting process to enable it to construct its gas sales pipeline, which they expect to have completed later this year.
Echo Energy PLC (LON:ECHO) told investors that it continues to make selective and highly targeted investments to build its production and development base. At the same time, the Argentina focussed group put in place cost saving measures but retained operational capability.
Solo Oil PLC (LON:SOLO) told investors that it expects the second half of the year will be transformative as it continues to pursue a strategic evolution. It is presently focussed on business development activities, seeking to underpin the company with high quality, cash generative assets in the European energy market.
ADM Energy PLC (LON:ADM) boasted excellent progress despite difficult macro conditions as it released results for the six months ended June 30. “Operations at the Aje field continued largely uninterrupted by COVID-19 and costs were significantly reduced at the asset level, bringing break-even costs down to US$28 per barrel, which ensures the asset remains profitable even at lower oil prices,” said Osamede Okhomina, ADM chief executive.
Tower Resources PLC (LON:TRP) chief executive Jeremy Asher highlighted that the company remains excited about the Thali project in Cameroon, as well as projects in Namibia and South Africa. “These are challenging times, but we do believe that we will surmount these challenges,” Asher said in the company’s interim results statement.
SIMEC Atlantis Energy Ltd (LON:SAE) told investors that it has maintained a high level of activity across each of its business units in the first half of the year. The renewable energy pioneer said in its interim results statement that it continues to see encouraging progress on all its key projects notwithstanding the operational challenges presented by COVID-19 social distancing restrictions.
Itaconix PLC (LON:ITX, OTCQB: ITXXF), the sustainable polymers group, said it had the “commercial momentum and operations in place for continued strong revenue growth”, after sales rose 46% last year and net losses decreased by 86%.
Immotion Group PLC (LON:IMMO) has reported a narrower loss in its first half while the provider of ‘out-of-home’ virtual reality (VR) experiences also highlighted encouraging levels of trading at its sites that have re-opened following lockdowns in several countries during the coronavirus pandemic.
[email protected] Capital PLC (LON:SYME) has appointed Stefano Cavalleri as its head of business operations, where he will also manage the roll-out of [email protected]‘s inventory monetisation platform to the UK market. The company highlighted Cavalleri’s experience at financial services provider Demica, where he helped develop its risk management framework, screening prospective deals and monitoring existing clients while overseeing the company’s corporate credit.
Zanaga Iron Ore Company (LON:ZIOC) said the permitted sale period for the first tranche of the company’s shares issued pursuant to the share subscription by Shard Capital has been extended by three months. As previously announced, of the 7mln shares issued to Shard Capital under the first tranche of the agreement, roughly 5mln have been successfully placed by Shard Capital as at September 28, 2020.