(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Mast Energy Developments PLC said on Tuesday its Chief Executive Officer Pieter Krugel will partially settle GBP325,000 loan with RiverFort Global Opportunities PLC, the institutional lender, under a "reprofiling agreement". Read More
(Alliance News) - S-Ventures PLC on Friday agreed to sell its operating subsidiaries to RiverFort Global Opportunities PLC, in a deal which gives the former access to the AIM market, and the latter a chance to stem a "weak share price performance". Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - RiverFort Global Opportunities PLC on Monday said it has raised GBP760,000 through the sale of Smarttech247 Group PLC shares. Read More
RiverFort Global Opportunities PLC - Wycombe-based investment adviser - Notes investee Emergent Entertainment Ltd is engaging with insolvency advisers and is anticipated to be shortly placed into liquidation. Based on RiverFort Global's net asset value of 1.3 pence at June 30, says Emergent investment represents around 8.5% of NAV. Says, based on the NAV adjusted for the current carrying value of this investment, it is still trading at around 32% of its NAV. Read More
Sareum Holdings PLC - Cambridge, England-based pharmaceutical company, focused on developing kinase inhibitors to treat autoimmune diseases and cancer - Says that it has drawn down on the GBP300,000 second deposit in respect of a previously announced equity prepayment facility. Read More
UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - Says that as part of a GBP3 million funding facility, it has delivered the first and second tranches of ordinary shares to RiverFort Global Opportunities PCC Ltd and YA II PN Ltd, in relation to the first cash sum received of GBP2 million gross. Adds that these shares can be converted at the investors' discretion to repay the loan, the balance of which now stands at GBP1.4 million. Any equity shares unsold at the end of the loan term or on early repayment will be sold by the investors and the net proceeds repaid to the company. Read More
(Alliance News) - The following is a round-up of earnings of London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Correcting that the company does not expect to declare a dividend for 2022). Read More
RiverFort Global Opportunities PLC - Wycombe-based investment adviser - Swings to 2022 pretax loss of GBP866,430 from GBP1.0 million in profit in 2021. This collapse in profit is driven by a net movement in fair value of investments to a loss of GBP1.8 million from a gross profit of GBP242,873 the year prior. RiverFort Global says it generates investment income of GBP1.2 million. Says its net asset value per share on December 31 was down 9.3% at 1.35 pence from 1.49 pence, and net asset value decreases by 10% to GBP10.6 million from GBP11.7 million the previous year. Read More
(Alliance News) - Cadence Minerals PLC on Friday announced cost savings regarding port refurbishment costs at the Amapa iron ore project in Brazil. Read More
Smarttech247 Group PLC - Cork, Ireland-based artificial intelligence-enhanced cybersecurity services provider - Revenue in half-year that ended January 31 is EUR4.6 million, up 19% from EUR3.9 million a year before. Swings to a pretax loss of EUR449,428 from profit of EUR434,534. This is due to EUR1.1 million in costs associated with Smarttech247's initial public offering on AIM in London back in December. Adjusted earnings before interest, tax, depreciation and amortisation increase by 60% to EUR1.2 million from EUR720,000. Read More
(Alliance News) - Live Co Group PLC said on Monday it has arranged to fully repay a debt facility early in cash via a new equity subscription following last month's announcement. Read More
(Alliance News) - Phoenix Copper Ltd on Friday said it was finalising discussions to place up to USD80 million of corporate copper bonds, initially announced in June. Read More
(Alliance News) - Corcel PLC on Monday said it successfully refinanced its debt obligations, agreeing to make a cash repayment to its lenders Riverfort Global Opportunities PCC Ltd and YA II PN Ltd within the next three months. Read More
(Alliance News) - Shares in Smarttech247 Group PLC rose slightly on Thursday, as the company started trading on the AIM market in London, following its initial public offering. Read More
(Alliance News) - Smarttech247 Group PLC on Wednesday said its shares will start trading on AIM on Thursday following its initial public offering. Read More