RNS Hotlist with Zak Mir: AVAP, AVCT, AGL, ALK, NCCL, UJO, N4P, AFP, BANK, PIRI, ORCP, BRSD, URAH, KOD & PALM

Avation (AVAP), the commercial passenger aircraft leasing company, announces preliminary unaudited financial results for the year ended 30 June 2022.

Author @ZaksTradersCafe

Profit after tax of $17.1 million (2021: $84.9 million loss). The company said in the year ended 30 June 2022 Avation has returned to profitability, increased net asset value per share, maintained liquidity, materially lowered net indebtedness and clearly enunciated its new low CO2 strategy. The company is well positioned to execute its business strategy as the aviation sector returns to pre-pandemic levels of activity.

Avacta Group (AVCT), a clinical stage oncology drug company, announced its interim results for the period ended 30 June 2022. Operating loss from continuing operations reduced to £9.0 million (6 months to 30 June 2021: £10.2 million; year ended 31 December 2021: £26.4 million). The strong momentum in the Group seen during the first half of 2022 has continued post-period end. Most notably the Phase I clinical trial evaluating the safety and tolerability of AVA6000 is making excellent progress.

ANGLE (AGL), a liquid biopsy company, announced positive headline results from its ovarian cancer clinical verification study, demonstrating that a Parsortix® blood test can be used to determine if a woman is at risk of a malignant pelvic mass. Following the recent FDA clearance and CE Marking of the Parsortix PC1 system for use in metastatic breast cancer.

Alkemy Capital (ALK) and its wholly-owned subsidiary Tees Valley Lithium Limited provided a corporate update in relation to the proposed Lithium Sulphate plant at Port Hedland, Australia and Lithium Hydroxide plant at the Wilton International Chemicals Park, Teesside, UK. Alkemy announced the appointment of Tony Veitch to lead the development of TVL’s LSM facility at Port Hedland. Alkemy and TVL have also rapidly progressed discussions across the board with potential counterparties for both feedstock and offtake.

Ncondezi Energy (NCCL) updated on its 300MW solar photovoltaic and Battery Energy Storage System project. The company said the Solar Project feasibility study for up to 300MW solar PV power plant plus BESS is on track for completion by the end of October 2022.

Union Jack Oil (UJO) a UK focused onshore hydrocarbon company, provided summary details from a Competent Person’s Report, dated September 2022, prepared by RPS Energy Canada Ltd evaluating the resources of PEDL183, as of 30 June 2022. The Kirkham Abbey Best Case Gross Unrisked Contingent Technically Recoverable Sales Gas at West Newton is estimated to be 197.6 billion cubic feet. The Geological Chance of Success of Kirkham Abbey estimated to be 85.5%, while the gross NPV10 risked value of Kirkham Abbey Contingent Gas Resource is $396.1 million post tax.

N4 Pharma (N4P), the specialist pharmaceutical company, announced its unaudited interim results for the six months ended 30 June 2022. The company said it has continued to make excellent progress in the period and have refined its focus in line with changing market conditions to provide the best opportunities to progress Nuvec® into the clinic. Cash expenditure has been tightly controlled to maximise outcomes whilst preserving cash resources as far as possible.

African Pioneer (AFP), the exploration and resource development company, said that the Ongombo Mining Licence has been approved and that ongoing shallow drilling continues to define near-surface copper – gold mineralisation to be assessed for possible open pit extraction in addition to the already defined underground mineral resource.

Fiinu (BANK), a fintech company, announced its unaudited half-year results for the six months ended 30 June 2022. The company said it has made good progress on several workstreams that must be completed during mobilisation, including selecting Tuum as the core banking platform and making various key hires to strengthen control functions and operational resilience. The Plugin Overdraft® is a revolution in UK technology led consumer banking.

Pires Investments (PIRI), the investment company, announce its unaudited interim results for the six-month period ended 30 June 2022. Profit of £992,000 during the period (six months ended 30 June 2021: profit before taxation of £1.53 million). Net asset value of £8,702,000 as at the period end (31 December 2021: £7,223,000), equating to an increase of 20% since 31 December 2021. The company said it has made strong progress during this period, with a significant uplift in the valuation of its portfolio, driven by the increasing valuation of Getvisibility, in which it has both direct and indirect interests via SVV1 and SV plc. Given the growth in NAV, it is now trading at a 41% discount to its NAV.

Oracle Power (ORCP), the international natural resources project developer, announced that, each of the Directors of the Company has elected to enter a second MAR compliant Director Share Purchase Plan, for 12 months, commencing in October 2022.

BrandShield Systems (BRSD), a provider of cybersecurity solutions, announced its results for the six months ended 30 June 2022. H1 2022 Annual Recurring Revenue was up 71% to $6.67m (H1 2021: $3.89m). Delivered revenue growth of 59.9% to $2.83m in H1 2022 (H1 2021: $1.77m).

Presumably looking to emulate the wonderful ride to date it has had to date on the stock market, Kibo Energy (KIBO), the renewable-energy-focused development company, announced that the company is proceeding with a proposal for an Initial Public Offering to be named Ultimate Sustainable Energy Ltd in advancing its Corporate Strategy towards significant renewable/clean energy developer status.

URA Holdings (URAH) presented its unaudited financial statements for the period ended 30 June 2022. The company said its strategy remains to seek value opportunities in the mineral sector with a focus on southern Africa, looking for situations which potentially offer rapid prospects of value creation. It believes the Gravelotte mine falls firmly into this category. Overall, it considers that it has made an excellent start to this process.

Kodal Minerals (KOD), the mineral exploration and development company, provided an update on the potential for initial rapid development of its Bougouni Lithium Project in southern Mali. The company said the DMS plant scenario provides Kodal with a fast-track option towards achieving its goal of becoming the first operational lithium mine in Mali. At much reduced capital and operating costs, and an expected construction timeline of around 12 months, the DMS development option provides Kodal with a near-term solution to take full advantage of the continuing buoyant lithium market.

Panther Metals (PALM) the company focused on mineral exploration in Canada, noted further high-grade gold drill intercepts from the second phase programme at the Burtville East Gold Project in Western Australia, following the Panther Metals Ltd Australian Securities Exchange announcement. Panther Metals plc holds 36.6% of Panther Metals Ltd (ASX:PNT).

Author @ZaksTradersCafe

Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.


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