17th Jun 2025 22:06
(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:
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Puma VCT 13 PLC - venture capital trust - Reports net asset value per share of 122.28 pence at February 28, down 1.8% from 124.48p a year prior. Swings to pretax profit of GBP217,000 in the year ending February from a loss of GBP8.1 million. Basic and diluted earnings per share are 0.18p compared to LPS of 9.42p. During the financial year, declares a 3p per share dividend. Notes the financial year saw three new qualifying investments made, alongside other Puma managed funds. These investments were into Aveni, a company that uses AI to digitise and automate quality assurance processes for financial services firms; NRG, a company that runs inclusive, lower cost gyms across the country; and Semeris, a legal document management software company. This brings the overall number of qualifying investments to 23. Follow-on investments were made into Bikmo, Le Col, Pockit, Ron Dorff, Iris and Thingtrax. The holdings in Pockit, Iris and CameraMatics have generated the largest positive valuation movements. Le Col and Everpress had the largest negative valuation movements in the year. Puma VCT 13 is assessing the UK investment environment for scale-ups on the assumption that conditions in the UK will continue to improve marginally, without particularly strong growth but also without a sharp deterioration.
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Puma Alpha VCT PLC - venture capital trust - Reports net asset value per share at February 28 was 99.32 pence down 8.3% from 108.35p a year prior. This impairment is largely driven by decreases in investment valuations in the year, the accrual of the dividend paid post year-end, coupled with management fees and other expenses incurred in the year, company explains. Pretax loss is GBP1.8 million in the year ending February, narrowed from GBP4.1 million a year ago.
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Associated British Engineering PLC - Cambridge-headquartered engineering services firm - Pretax loss narrows to GBP19,000 in the six months to March 31 from GBP45,000 a year prior. Nil revenue, unchanged from a year ago. Notes trading in shares restored on June 5. The company expects to proceed to "identify and subsequently enter into discussions with suitable targets" for its development. Says it is now in a "good position to talk to potential acquisitions without having to consider the impact of the pension fund and a suspended listing." Committed to using all its efforts to identifying and acquiring a profitable business with development potential.
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Zinnwald Lithium PLC - Europe-focused developer of the integrated Zinnwald lithium project in Saxony on the German-Czech border - Says it has successfully completed a GBP3.2 million fundraise via a placing and subscription at 5 pence per share. AMG subscribes for 40.0 million shares at the issue price to increase their shareholding to just under 30%. Mark Tindall subscribes for 8.4 million shares to increase his holding to 5.2%. A further 14.7 million shares are placed with institutional and professional investors. Henry Maxey raises his holding to 14.7% from 14.6%. Oberon Capital and Tamesis Partners act as joint bookrunners in connection with the placing. "The strong support we have received from both existing and new shareholders is a clear endorsement of our strategy and the long-term value potential of the Zinnwald Lithium Project. We are especially grateful to our core investors for their continued confidence in the company. This funding puts us in a strong position to continue advancing our work towards delivering a secure and sustainable lithium supply for Europe," says Chief Executive Anton du Plessis. In addition, announces retail offer at the issue price to raise an unspecified amount.
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Vinanz Ltd - British Virgin Islands-domiciled bitcoin mining company - Raises GBP3.6 million via retail offer and direct subscription at 13.75 pence per share.
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Mosman Oil and Gas Ltd - Sydney-based miner focused on helium, hydrogen and hydrocarbon - Announces an update on the Vecta Project in Colorado, US. Mosman says it has negotiated an increase from 20% to 90% interest in the 'The Bard' area of the mutual interest lease area, in return for funding 100% of the upcoming drilling on the lease. The cost of this well is estimated to be less than USD200,000 and will be funded from existing cash reserves. Says drilling at 'The Bard' lease area is expected to start shortly. The increase does not impact the company's 20% working interest in the remaining Vecta Project prospects in three other AMI areas called Garcia, Treasure Hill and Mona Loa. These areas are part of the current five well drilling campaign. Chief Executive Andy Carroll says: "I look forward to the results of each of these wells as they are sound geological prospects in an area that has helium production and access to markets."
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By Jeremy Cutler, Alliance News reporter
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Related Shares:
Puma Vct 13 PlcPuma Alpha Vct.A.b.engineeringZinnwald LithiumVinanzMosman Oil & Gas