The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Gaming Realms PLC - London-based developer and licensor of mobile-focused gaming content - Pretax profit grows 66% to £1.3 million in the first half of 2022, from £800,000 a year before. Revenue rises 57% to £6.4 million from £4.1 million. Explains that its strategy of developing and licensing games delivered high margin revenue. Expects the growth to continue in the second half.
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Northcoders Group PLC - Manchester-based training programmes for software coding - Pretax profit in the first half of 2022 multiplies to £118,176 from £18,639 a year ago. Revenue more than doubles to £2.4 million from £1.1 million. Attributes this to particularly strong demand for its bootcamp training. Continues to expand its operations to meet ‘increasing demand.’
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Litigation Capital Management Ltd - Sydney-based litigation financing - Pretax profit in the year which ended June 30 sinks 17% to A$10.7 million, around £6.3 million, from A$12.9 million the year before. Total expenses jump to A$20.4 million from A$20 million. Revenue rises 28% to A$47.4 million from A$36.9 million, as total assets under management grow 23% to A$414 million from A$336 million. Pays no dividend, unchanged from the year before. Remains focused on long-term sustainable growth and delivering value by ‘driving performance and growing its funds management offering.’
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Springfield Properties PLC - housebuilder in Scotland - Pretax profit rises 10% to £19.7 million in the year which ended May 31 from £17.9 million the year prior. Revenue rises 19% to £257.1 million from £216.7 million. Attributes this to a record year with 1,242 completions and good growth across its business. Lifts dividend 8% to 6.20 pence from 5.75p. Says it is on track to deliver another year of revenue and profit growth overall.
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Trinity Exploration & Production PLC - Leeds-based oil exploration company focused on Trinidad & Tobago - Pretax loss in the first half of 2022 widens to $322,000 from $128,000 a year before. Total operating expenses jump to $43.2 million from $27.8 million. Revenue grows 58% to $48.5 million from $30.7 million. Attributes this to higher number of workovers and reactivations conducted in the first half. Says its strongly positioned for the second half of the year and beyond.
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PCF Group PLC - London-based specialist bank - Explains that it has requested and that the Takeover Panel has consented to a further extension to the date by which Castle Trust Capital PLC is required has to announce its intention to make a firm offer. The announcement must be made by September 27 at 1700 GMT.
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Serinus Energy PLC - Jersey-based upstream oil and gas exploration and production company - Says that it has started the drilling of the Moftinu Nord-1 exploration well in Romania. The Moftinu Nord-1 well will be drilled to a depth of 1,000 metres, targeting four prospective hydrocarbon zones.
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Trident Royalties PLC - London-based mining royalty and streaming company - Appoints Richard John Hughes as an executive director and as chief financial officer with effect from Tuesday. Says he succeeds Martin Page, who will step down with effect from the same day. Hughes is currently also director of Cana Advisory Ltd.
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Boku Inc - London-based mobile payments - Enters into a new three-year commercial agreement with a subsidiary of Amazon.com Inc for Boku Payments. Says he will supply Boku Payments’ digital wallet and other local payment methods to Amazon. Issues warrants to subscribe for up to 11,215,142 shares of its stock to Amazon. The shares represent up to 3.8% of its existing issued share capital. The warrants are exercisable at 81.20 pence. They will be matched to and offset against revenue generated by Boku from Amazon.
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Bidstack Group PLC - London-based in-game advertising platform - Intends to increase the promotion of its full product offering in the US and expand its growth in the country. Plans to achieve this by recruiting US-based sales, gaming and marketing professionals with significant experience in digital advertising and with local market knowledge. Targets an annual revenue opportunity of $100 million over the mid to long term. Notes that the US video gaming market is expected to grow to $48.2 billion by 2027 from $30.4 billion in 2021. Hires Jude O’Connor to lead its expansion plans in the US and to oversee its global revenue strategy. Says that he has 20 years of experience in the technology sector.
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Braveheart Investment Group PLC - Barnsley, South Yorkshire-based investor in small- and medium-sized businesses - Raises £750,000 in a placing and subscription at an issue price of 10.25 pence per share. Raises £200,000 in a placing of 2.0 million shares. Says its Chief Executive Trevor Brown subscribed for 5.4 million shares, raising £550,000. Its share capital will consist of 63.7 million shares following their admission. Peterhouse Capital Ltd acted as joint broker.
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Sopheon PLC - Minnesota, US-based enterprise software provider - Launches of the Acclaim line of three software-as-a-service products. They are built to improve performance across the ideas, product, and project spectrum. Says the launch of these products expands its addressable market and competitive advantage.
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OptiBiotix Health PLC - York-based probiotics developer tackling cardiovascular diseases and lifestyle conditions - Launches the GoFigure range of products with Apollo Hospitals & Pharmacies in India. Says the products range consists of meal replacement shakes and powdered beverage shots. Says the products will be available in 120 stores in major cities across India and then expanded from there.
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Gunsynd PLC - London-based investment company focused on the natural resources, life sciences & alcohol sector - Invests a further A$175,000, or £100,000, into one of its investee companies, Charger Metals NL. Says its part of a A$5.5 million capital raise.
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