26th May 2023 14:13
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and Thursday and not separately reported by Alliance News:
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Lift Global Ventures PLC - financial media and energy sector focused investor - Says its investee Miriad Ltd launches 'Zaks Traders Cafe' online channel social media hub. It covers "everything from microcaps to macro predictions", and helps traders and investors gain an edge and uncover hidden gems. Chief Executive Officer Zak Mir says: "I am delighted to launch 'Zaks Traders Cafe', a uniquely positive and helpful platform which gives clients access to one of the largest followings among UK stock market commentators."
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IQE PLC - Wales-based compound semiconductor wafer product supplier - Launches a new portfolio of 200 millimetres red, green and blue epitaxial wafer products for microLED display qualification. Says MicroLEDs based upon gallium nitride and gallium arsenide semiconductors are a disruptive new display technology which is being designed into multiple new platforms such as wearables, augmented and virtual reality headsets and large format displays. The launch will provide customers with "faster time-to-market options for display level qualification", the firm says.
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Haydale Graphene Industries PLC - Ammanford, Wales-based graphene technology company - Says it is named to be a key contributor to Viritech's development of fuel cell hydrogen electric vehicles. Viritech is a developer of high-performance hydrogen powertrain solutions for the automotive industry. Haydale says Viritech has won a three-year hydrogen fuel cell E-Transit trial from Ford Motor Co. So it will "lead the development of new functionalised materials and resins for Type V pressure vessels to support Viritech's proprietary integrated mounting system Graph-Pro". Says the project is being funded by the Advanced Propulsion centre with GBP8 million awarded by government, matched by industry to a total of GBP16.3 million.
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Triple Point Social Housing REIT PLC - London-based real estate investment trust - Net asset value stands at 111.54 pence per share on March 31, up 2.3% from 109.06p on December 31. Says the increase is due to rental growth in the portfolio. Says the positive impact of rental growth on the valuation of the firm's properties "was partially offset by a slight outward movement in valuation yields across the portfolio, reflecting wider market conditions, and further outwards yield adjustments attributable to properties leased to Parasol Homes". Parasol is a provider in material rent arrears. For 2023, targets an aggregate dividend of 5.46 pence per share. Declares dividend for January 1 to March 31 of 1.365 pence per share.
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Solgenics Ltd - Mozambique-focused renewable energy development company, formerly known as Ncondezi Energy Ltd - Enters USD230,000 loan with director and company controlled by director, to cover delisting costs and to fund its working capital requirements up to the end of the second quarter. Says it has been running a development funding process to raise capital to fund both the bankable feasibility study project and working capital costs during the BFS programme.
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Cadence Minerals PLC - London-based early stage investment and development company within the mineral resource sector - Notes investee firm ASX listed Evergreen Lithium Ltd has received geochemical results at the Kenny project in Western Australia. Identifies Rare Earth Element targets. Head of Exploration Jason Ward says: "Geochemistry from our phase 1 soil auger sampling program has detected several anomalies in the rare earth minerals Cerium, Lanthanum and Yttrium. We are now undertaking further assays to determine the total rare earth oxide of these samples, so that we can consider this information in our prioritisation of drill targets."
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Kromek Group PLC - Sedgefield, England-based detection technology supplier - Raises GBP1.0 million via the open offer, raising gross proceeds of about GBP8.0 million from total fundraise.
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By Xindi Wei, Alliance News reporter
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