20th Jun 2025 15:27
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
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Integrated Diagnostics Holdings PLC - diagnostic services provider with operations in Egypt, Jordan, Nigeria, Sudan and Saudi Arabia - Acquires Cairo Ray for Radiotherapy, a radiology and radiotherapy facility in East Cairo, Egypt. The asset is bought for EGP400 million, around GBP5.9 million. IDH says: "The acquisition represents a landmark step forward in realizing the company's long-term vision of building an established radiology offering alongside its already market-leading pathology business. The 2,000 sqm medical facility, which is located within a medical hub in the capital city's affluent New Cairo neighbourhood, offers patients a broad range of radiology and radiotherapy services, allowing IDH to grow its radiology portfolio while adding a new, high-potential service to its offering."
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Ascent Resources PLC - oil and gas exploration and production with principle assets in Slovenia - Says workover opportunities at ARB Energy Utah LLC-operated leases have found the first 15 wells to target. "As part of initiating a low-cost operational work programme to reinstate production from multiple previously producing wells, Ascent has agreed with the operator to install compression units to address high export pipeline back-pressures which is currently preventing the wells from producing," Ascent adds. Ascent is to pay for the costs of the operations and will receive a 50% interest in the increased production generated. Ascent in May announced an agreement to acquire an initial 10% direct non-operated interest in producing and prospective oil and gas leases in Utah, owned and operated by ARB Energy.
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Marula Mining PLC - African focused mining and development company - South African unit Southern African Lithium, alongside Tantalum Mining (Pty) Ltd, sign surface use agreement with the Nama Khoi Local Municipality. The deal is struck in agreement with the Steinkopf Communal Property Association and is for the long-term mining and processing operations planned at the Blesberg lithium and tantalum mine in South Africa. "The agreement is a critical component of the company's plans to develop Blesberg as a large-scale and conventional open pit mining operation and major critical battery metals processing centre, in accordance with the Mining Right application that is currently being advanced in South Africa," Marula adds. Earlier this week, it said progress was being made in the approval process of the mining right.
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RM Infrastructure Income PLC - Edinburgh-based investor focused on secured debt instruments of UK small and medium-sized enterprises - Prices a tender offer at 80.52 pence per share, equal to the net asset value as at May 31. Total maximum value of the tender offer is GBP17.4 million. It announced plans for a tender offer, worth between GBP15 million and GBP20 million, in May.
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Sure Ventures PLC - venture capital fund backing early-stage artificial intelligence, augmented and virtual reality, and internet of things companies - Net asset value per share for first quarter is 168 pence, a decline of 7.2% over the period. "This decrease was largely due to FX swings on our book value position in Infinite Reality. We have maintained a 20% discount to book value and have not uplifted the valuation of Infinite, despite a further public revaluation stated by the company," it adds.
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Sancus Lending Group Ltd - London-based alternative financial services provider - Strikes deal to increase size and extend tenor credit facility with Pollen Street Capital. Facility increased to up to GBP200 million from GBP125 million. Maturity extended to expire at least five years from the date of the agreed terms, so not before June 19 five years from now. "The facility will provide significant additional funding capacity as the company seeks to grow its property-backed lending book across the United Kingdom, Ireland & the Channel Islands," Sancus adds.
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Gresham House Income & Growth VCT, Gresham House Income & Growth 2 VCT - diverse portfolio of UK unquoted companies - Gresham House Income & Growth says its net asset value per share at the March 31 half-year end amounts to 67.88 pence, a decline of 4.3% from 70.90p at end of September. Total return during period was flat. A year prior, its total return was 2.5%. Gresham House Income & Growth 2 reports an NAV per share of 54.87p at end of March, edging up 0.3% from 54.70p. Total return is 0.3%, weakening from 3.1% a year prior. Despite the difficult economic background, across most of the larger holdings in the portfolio, there was continued positive momentum, although this was outweighed by falls in certain assets for reasons specific to those companies’ industries and business models," the VCT says.
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Narf Industries PLC - US-focused cybersecurity provider - Announces extension to financing with Chief Executive Officer Steve Bassi. Facility has been extended to end of July 2026. It had been previously extended to expire at the end of next month. The loan remains capped at USD3 million, with a principal amount outstanding of USD2.8 million. "The board considers the facility, which bear interest linked to the prevailing US Federal Reserve rate (currently 4.5% per annum) to be financially more favourable to the group than alternative financing options currently available," Narf adds. "The company's current financial forecasts indicate significant repayments will be made during the extended term. In addition, management remains confident that sufficient capital is in place to support planned operations."
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By Eric Cunha, Alliance News news editor
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