Panoply Holdings surges on trading update and contract wins

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The Panoply Holdings PLC (LON:TPX), which helps businesses “go digital”, leapt 12% to 137.5p after it unveiled some significant contract wins.


The group has secured four chunky contracts with Kettering General Hospital, University of Law, Linc Cymru and UCL worth a value of GBP825,000 over the next three years plus a significant contract with Planning Inspectorate.


The contract wins were the cherries on the top of a trading update in which the digital transformation specialist said half-year revenues should be at least GBP20.5mln, up from GBP13.4mln in the same period of last year, while adjusted underlying earnings (EBITDA) should be at least GBP2.4mln (2019: GBP0.9mln), and up by at least 25% year-on-year on a like-for-like basis.


1.55pm: Everything’s bigger in Texas …


Polarean Imaging PLC (LON:POLX) jumped 15% after it received an order for its drug-device technology from University of Texas MD Anderson Cancer Center.


The 9820 Xenon Polariser will be used to assess lung function after chemotherapy and radiation therapies, providing guidance for improved radiation treatment planning, the company said.


In a statement, Polarean chief executive Richard Hullihen commented: “We are excited to begin our relationship with MD Anderson Cancer Center who have pioneered such a breadth of oncology applications for medical imaging for this patient population, and welcome them to the group of our users researching the use of hyperpolarised 129 Xe in pulmonary function.”


1.00pm: Big Dish founder to quit the board


BigDish PLC (LON:DISH) dived 3% to 1.4p after it revealed its founder, Aidan Bishop, is to step down from the board.


In its second operational update of the month. the software company, which runs a service for restaurateurs looking to fill tables during quiet moments – i.e. nearly all of them at the moment – said it is looking to apply its technology in other sectors, providing its know-how to other companies in return for equity stakes.


The company said Bishop, who will quit the board once a suitable replacement has been found, will continue to work with the company to progress the various opportunities that are being presented.


12.05pm: New Amigo boss wins friends and influences people


Amigo Holdings PLC (LON:AMGO) shares have risen 5.5% to 10.74p on the back of an optimistic letter from its new chief executive (CEO) Gary Jennison.


The new CEO, who was appointed last month after the board had a “a divergence of views” with its intended new boss, said he had “successfully turned around three financial services businesses in my career, and I am determined to make this number four”.


He said the guarantor lending company is “full of good people at all levels and we are working hard to fix the complaints, fix the relationship with the regulator, and get Amigo lending again”.


11.05am: Alba Mineral Resources terminates Bergen facility


Alba Mineral Resources PLC (LON:ALBA) saw its shares harden 17% to 0.51p after it terminated an investment facility with Bergen Asset Management.


The facility provided Alba with funding in return for unsecured zero-coupon convertible securities – a form of funding not popular with shareholders as it dilutes their stakes.


Alba said it will be issuing no further convertible securities under the agreement and Bergen will be providing no further funding and receiving no further Alba shares under the terminated investment facility.


10.10am: GreenWhiteStar Acquisitions boost for Eddie Stobart Logistics


Eddie Stobart Logistics PLC (LON:ESL), up by a third at 8.8p, was the top performer after a trading from its 49%-owned associate GreenWhiteStar Acquisitions (GWSA).


GWSA benefitted from increasing demand for logistics and transport services during the pandemic.


In the year to November 30 it is expected to generate underlying earnings (EBITDA) of GBP33mln.


9.15am: Toople has head in the clouds after two contract wins


Toople has head in the clouds after two contract wins


Toople PLC (LON:TOOP) shares were 14% higher at 0.1625p in early trade on Monday on the back of two new contract wins.


The telecom services provider said both contracts involve providing new internet protocol cloud-based services.


The contracts are expected to accelerate the anticipated timeline to the group achieving positive cash generation and profitability, Toople said.


Induction Healthcare Group PLC (LON:INHC), up 6.7% at 79.5p, was also in rude health after signing a strategic collaboration deal.


The deal is with global healthcare technology firm Cerner Corporation (NASDAQ:CERN) to develop a joint patient engagement solution for NHS trusts to deliver “easier, quicker and more efficient service for patients”.


The company said the collaboration will closely align existing patient-facing technology in the UK and Ireland, building on the benefits of Cerner’s patient portal solution Healthelife and the integration capability of Zesty, Induction’s patient portal for hospitals, with Cerner’s electronic health record (EHR) Cerner Millennium.


Proactive news headlines:


Induction Healthcare Group PLC (LON:INHC) said it has signed a strategic collaboration deal with global healthcare technology firm Cerner Corporation (NASDAQ:CERN) to develop a joint patient engagement solution for NHS trusts to deliver “easier, quicker and more efficient service for patients”. The company said the collaboration will closely align existing patient facing technology in the UK and Ireland, building on the benefits of Cerner’s patient portal solution Healthelife and the integration capability of Zesty, Induction’s patient portal for hospitals, with Cerner’s electronic health record (EHR) Cerner Millennium. Cerner’s EHR is utilised by more than 144,000 health and care professionals across 24 NHS Trusts to manage 1.5mln patients every month.


e-therapeutics PLC (LON:ETX) said in its interim results statement that it remains in active discussions with large pharmaceutical and biotechnology companies about future collaborations. Meanwhile, its recently announced collaboration with Galapagos is on schedule, with compound testing slated to take place early next year, while it has extended its collaboration with Novo Nordisk until March 2021 to evaluate results that have been generated so far and to decide if further compounds need to be tested to explore the findings to date. The company, which has a computer-based platform to assist in drug discovery, also announced that executive chairman Ali Mortazavi will take on chief executive duties as well.


Seeing Machines Ltd (LON:SEE) has told investors it is officially expanding its driver monitoring technology to become an overall vehicle interior occupant monitoring system (OMS). It will allow the company’s technology – which conducts head, eye, and face tracking using cameras – to apply not only to the driver but concurrently also passengers in vehicles. The expanded product will be available for automotive production programs starting in 2023, the company said.


Ariana Resources PLC (LON:AAU) said it produced 5,125 ounces of gold at its Kiziltepe mine in Turkey during the quarter ended September 30, 2020. Kiziltepe is part of the Red Rabbit joint venture with Proccea Construction and is 50%-owned by Ariana. Ariana continues to guide for full-year production of 18,000 ounces.


ADM Energy PLC (LON:ADME) told investors that the Aje field, in Nigeria, has now seen its fourteenth lifting of crude, marking the first sales since they were suspended at the onset of the pandemic. Earlier this year, the Aje field’s operator decided to pause oil sales and store production in order to sell the barrels later at better prices. It meant that the scheduled March lifting was skipped. Now, some 557,091 barrels of crude – of which ADM’s share amounts to 33,056 barrels – have been lifted.


OptiBiotix Health PLC (LON:OPTI) has said several meal replacement shakes and bars containing its proprietary weight management technology have been launched down under. The products will be sold under the Optislim brand with Woolworths, ChemistWarehouse and on OptiPharm Pty Ltd’s online store in Australia and New Zealand. The launches build on a licence agreement entered into in March 2020 with OptiPharm, whose flagship brand Optislim is the market-leading weight management brand in Australia.


Polarean Imaging PLC (LON:POLX) has received an order for its drug-device technology from University of Texas MD Anderson Cancer Center, a world-leading research and teaching hospital. The 9820 Xenon Polariser will be used to assess lung function after chemotherapy and radiation therapies, providing guidance for improved radiation treatment planning, the company said.


Strategic Minerals PLC (LON:SML) (OTCMKTS:SMCDY) said it has returned a 55% year-on-year boost in sales revenue at the Cobre project in the US in the third quarter to end September 2020. Uninterrupted operations continue at Cobre as a result of effective zero contact on-site due to processes and policies enacted in response to the coronavirus pandemic.


Scancell Holdings PLC said it has raised GBP30mln to fund the further development of its potential cancer immunotherapies and a possible vaccine for coronavirus (COVID-19). An additional GBP3mln open offer will provide existing investors with the chance to acquire new stock in the business. The US specialist healthcare investor, Redmile Group, is subscribing for GBP12.1mln of new equity at 13p, as well as issuing GBP17.9mln of loan notes that can be converted into shares at the same price.


Argentex Group PLC (LON:AGF) has said that while coronavirus (COVID-19) disruption led to some deferral of business in the first half of 2020 it expects to make this up over the rest of the year. The AIM-listed firm provides foreign exchange services mainly to small and medium-sized companies but also institutions and high net worths. In a trading update, the company said revenues for the six-months to September 30, 2020, were GBP11.8mln, or 14.7% lower than the previous year. Argentex said continued macro-economic uncertainty and the effects of the COVID-19 pandemic had caused the dip in revenue but it expects these deferrals to result in stronger trading volumes in the second half of the financial year.


Scotgold Resources Ltd (LON:SGZ) has raised GBP3mln by way of a placing of shares at 110p each. The proceeds of the placing will be used to accelerate plans to double production at the Cononish gold and silver mine in Scotland. Cononish remains on course to become Scotland’s first commercial gold mine by November 30, 2020, the group said. Funds will also be used to increase exploration activities, rolling out Scotgold’s systematic programmes across its 2,900 square kilometre licence portfolio in the Grampian Terrane of Scotland.


Eurasia Mining PLC (LON:EUA) has said it notes the recent significant rise in the company’s share price and added that there have been no new developments requiring formal notification beyond those included in the company’s announcement of interim results on September 30, 2020.


Kodal Minerals PLC (LON:KOD), the mineral exploration and development company, announced after the market close on Friday that it has received a conversion notice in relation to its US$1.5mln unsecured convertible loan with Riverfort Global Opportunities PCC Limited and YA II PN Ltd, details of which were announced on July 15, 2020. The group said the investors have elected to convert a total amount of $102,352.31 (equivalent to GBP79,271.86), made up of a principal amount of US$100,004.40 and accrued interest of $2,347.91, into 125,034,486 new ordinary shares of 0.03125p each in the company at a price of 0.06340p per ordinary share.


Vast Resources PLC (LON:VAST), the AIM-listed mining company, has updated the market on progress on the asset-backed debt financing process linked to its Baita Plai Polymetallic Mine. Following the previous announcement made on September 10, 2020, regarding progress on the debt financing process with an international banking institution, the group has informed the market on an indicative timeline to the conclusion of the debt finance facility. Independent consultants have now been engaged by the bank and subject to the satisfactory finalisation of technical, environmental and legal due diligence the company and the bank are targeting the finalisation of a binding term sheet by the end of November with final approval targeted in December.


Oriole Resources PLC (LON:ORR), the AIM-quoted exploration company focused on West Africa, has announced that, ahead of the company’s upcoming General Meeting on October 27, 2020, its directors will host an online question and answer (Q&A) session at 3pm on October 20, 2020. Shareholders can attend by registering at the following link https://my.6ix.com/IgSPpLjd. As previously announced, the General Meeting has been called in order to pass resolutions to allow the company to proceed with a fundraise for GBP1.869mln, primarily to fund its maiden drilling programme at the Bibemi gold project in Cameroon.

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