Shares of Hamak Gold Limited (LSE:HAMA) shine after a positive update from one of its projects in Liberia.
The company announced positive gold and multi-element exploration results from the first grid block soil sampling in the Gozohn license.
Karl Smithson, Executive Director, said: “We are very encouraged that our initial soil sampling results have successfully identified significant gold anomalies within our priority target area of the Gozohn license. These positive results span a considerable length associated with known artisanal gold mining. and are backed by a rock chip sample returning 2.6 g/t gold from identified quartz vein assemblages found throughout the area.
“We plan to begin detailed monitoring through trenching and channel sampling to identify and map in detail the sources of the gold anomalies, which could then lead to the drilling of the targeted gold anomalies.”
“We look forward to providing further updates from our active exploration programs in the two high priority Gozohn and Nimba licenses.”
Its shares are up 7.03% to 9.9p.
2:13 p.m .: Osirium Technologies sees its losses increase and plans to raise funds
Osirium Technologies PLC (AIM:OSI) fell sharply after reporting increased losses and saying it will need to raise funds later this year.
The cloud-based cybersecurity software business saw full-year bookings nearly flat at £1.6m as customers were reluctant to commit due to the uncertain economic environment.
With increased investment in its workforce and activity levels, operating losses fell from £2.87 million to £3.23 million.
It said it saw more normal customer buying patterns in the first quarter of the current fiscal year, with five new contracts signed in 2022 worth more than any contract in 2021.
But its shares fell 20% to 12p as it said it would need to raise additional capital in the second half of 2022 to “achieve its growth expectations”.
12:04 p.m .: Ranking slashes earnings forecast as casino and bingo visits drop
Rank Group (LSE:RNK) is on a losing streak as it cut its profit forecast for the year after falling visitor numbers.
It reported an increase in third quarter revenue from £48.7m to £156.4m, but pointed out that its Grosvenor and Mecca sites in the UK had been closed during the comparable period of last year due to the pandemic.
Although now fully open, both businesses saw a drop in visits late last quarter as COVID-19 cases rose again.
With that and rising costs, he now expects annual revenues of between £47m and £55m, down from a previous forecast of £55m to £65m.
He expects his performance to improve after April, but added he was uncertain about trends in the return rate of office workers in city centers and foreign customers in London towards the summer. .
Chief Executive John O’Reilly said: “The performance of our sites weakened in March, and this continued through the first weeks of the fourth quarter, impacting our current expectations for our performance across the board. the year.
“We recognize the pressures on UK consumers, but we are confident that the improvements we continue to make to the customer proposition and the investments in our sites, together with the gradual reduction in the impact of the pandemic and, with she, the return of foreign customers, position well for the coming year.”
It looks like investors aren’t willing to take the gamble just yet, and its shares are down 8.1% to 118p.
11:07 am: Ibstock boosted by strong demand and £30m buyback program
Ibstock PLC (LSE: IBST) made good progress with a strong start to the year and the launch of a £30 million share buyback programme.
The clay brick and concrete products maker said its first-quarter performance was above expectations, with strong demand in its markets.
Despite concerns about the overall economy, he expects his annual results to be slightly better than previous forecasts.
It recovered the costs of rising inflation in its clay business and, faced with soaring energy prices, it more than covered its needs for the first half, purchased around 75% of the needs for the second semester and has more than one -third cover for 2023.
Chief Executive Joe Hudson said: “We have started 2022 well, supported by robust demand in our end markets and an aggressive business approach to managing input price inflation…
“The demand for new housing and [repairs, maintenance and improvement] Markets remain robust and, while we are mindful of the broader macro uncertainties, we now expect to deliver full year performance slightly above our previous expectations.
“We are also delighted to announce a £30 million share buyback program, demonstrating our ability to deliver better returns to shareholders while continuing to invest in our future growth.”
Ibstock shares climbed 7.51% to 178.9p.
9.29am: Zenova optimistic despite £1.1m in red
Zenova Group PLC (AIM:ZED) is in demand after an upbeat trading statement despite a loss in its first year as a listed company.
The fire safety and heat management specialist was in the red at £1.1million, mainly due to research costs, testing, staff and professional fees as it establishes itself in the market.
But he said his customer base was growing well after he started marketing and selling his first products, fire protection paint, thermal insulation paint and thermal insulation plaster.
Three other products are currently in the testing phase and are expected to be released later in 2022.
He said 2022 will be a critical year for the company and it aims to be profitable by 2023.
Managing Director Tony Crawley said: “We are seeing significant global interest in our products and expect our order books to grow at an increasing rate over the next 12 months as we focus on delivering sales. in our target markets.
“Later in 2022, we plan to launch three more products in our portfolio. They provide innovative solutions that are backed by extensive testing, and they will help address today’s global heat management and safety challenges. fire.”
Its shares are up 11.33% at 16.7p, although still below July’s placement price of 19p.
8:50 a.m.: Solid State surges as it forecasts record performance
Shares of Solid State PLC (AIM:SOLI) got off to a strong start after the component supplier announced it would report record profits for the year.
After a strong end to the year, he expects revenue of around £85m, up 28% and better than City’s forecast of £80m.
Adjusted pre-tax profit is expected to be around £7.2m, compared to £6.5m expected. Its order book more than doubled to a record £85.5million.
Solid State said it posted strong performance across the group, particularly in the energy, aerospace and defense sectors.
Its electromechanical and imaging systems businesses were boosted by the acquisition of Willow Technologies and Active Silicon respectively.
On a comparable basis, organic revenue growth was above 8%, despite supply chain issues and macro challenges and the more recent conflict in Ukraine which to date has impacted negligible.
Its shares are up 12.32% at 1140p.
Elsewhere, essensys PLC (AIM:ESYS) rose despite rising losses as it issued an upbeat outlook statement.
The company, which provides software and technology for the flexible workspace and property sectors, said its half-year revenue rose 2.8% to £10.9m, while that losses had risen from £1.4m to £4.5m.
But it expects to meet market expectations for the full year, and Chief Executive Mark Furness said: “” essensys delivered a resilient performance in the first half of our fiscal year with revenue growth of 3%. revenues driven by continued strong growth in the United States.
As reported in March, while COVID-19 temporarily slowed our hiring plans, sales cycles and accelerated growth plans, we made excellent progress in product and development and in strengthening the ‘management team.
“We have seen client activity begin to increase in the second half of the year and remain confident of meeting consensus market expectations for 2022. I am also pleased to report excellent progress in Asia Pacific following the setting up our regional operations in early 2022 with the sales pipeline now building strongly.
“As the impacts of Covid-19 begin to subside, work patterns are beginning to settle and our flexible workspace operator customers are reporting increased demand. As a result, large flexible operators are beginning to focus again on expansion, driven by positive long-term market momentum Landlords’ business plans around providing flexible spaces are becoming more visible and companies’ use of more flexible workspaces is becoming more more and more obvious.
“These structural drivers underpin our strong pipeline for 2023 and 2024 and the board’s confidence in essensys’ plan to seize its expanding market opportunity.”
The bullish tone helped push its shares up 13.61% to 96p.