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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Blackrock Income & Growth Investment Trust PLC - London-based investment trust - Net asset value per share as at October 31 falls 5.7% to 191.63p from 203.13p a year ago. For the year ended October 31, NAV return was negative 2.3%, outperforming the FTSE All-Share index of negative 2.8%. Declared total dividend of 7.3 pence per share, up 1.4% from 87.2p a year prior. Looking ahead, notes war in Ukraine and the uncertainty of the UK economy, but says its ‘portfolio managers remain focused on bottom-up stock selection, assembling a portfolio of individual companies which they believe are well-placed to prosper over time’.
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CT Property Trust Ltd - real estate investment trust, formerly known as BMO Real Estate Investments - Net asset value per share amounts to 95.4 pence as at December 31, down 22% from NAV per share of 122.0p as at September 30. For the quarter ended on December 31, NAV total return is negative 21%. Notes rapid repricing of wider UK real estate market, meaning the quarter is ‘one of the most significant quarters for capital value declines on record’. Expects to see continued pricing pressure in parts of the commercial real estate market in 2023.
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Conroy Gold & Natural Resources PLC - Dublin-based gold exploration and development focused on Ireland and Finland - Finds up to 8.3 grammes of gold per tonne over 0.5 meters at Clontibret deposit in Ireland. Says the drill hole was located about 200 metres to the south of the Corcaskea gold target, which has ‘yielded significant gold intersections in trenches, including 16.5 metres of 6.5 g/t gold and 12 metres of 4.9 g/t gold’.
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Gledhow Investments PLC - London-based investment trust - Reports revenue of £1.0 million for the year ended September 30, down from £1.9 million the year before, as cost of sales double to £2.0 million from £948,341. Swings to a pretax loss of £1.1 million from a profit of £841,890 the year before.
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ECR Minerals PLC - Exploration and development company focusing on gold in Australia - Finds gold at 19 out of 144 samples at Lolworth Range project in Queensland, Australia. Says best results at Lolworth is 51 parts per million of gold. Finds 4.73 grammes of gold per tonne at Flaggy Creek drainage. Chief Executive Officer Andrew Haythorpe says: ‘With further examples of visible gold in 35% of samples and the presence of lithium, tantalum and niobium over a 10 kilometers trend, there is a genuine sense that Lolworth could be developing into a key asset for ECR.’
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