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Pin to quick picksCordel Group Share News (CRDL)

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TRADING UPDATES: Cordel interim revenue jumps; Ilika loss widens

Thu, 19th Jan 2023 15:00

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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AEW UK REIT PLC - London-based real estate investment trust for UK regional commercial property - Net asset value at December 31 falls 14% to 104.93 pence per share from 121.88p at September 30. Quarterly NAV return is negative 12% compared to negative 2.1% in the previous quarter, and to positive 5.6% a year ago. AEW declares a 2.00p per share interim dividend, unchanged from a year ago. Says that the medium-term outlook for pressure on tenants is starting to ease "with wholesale gas prices now trading roughly 80% down from their March 2022 peak."

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Capital Ltd - Mauritius-based provider of minerals drilling solutions including exploration and technical drilling - Revenue in 2022 grows by 28% to USD290.3 million from USD226.8 million in 2021. Says it is confident in demand and notes "significant" growth potential in drilling. "The drilling business has a strong outlook entering 2023 with its highest rig count, robust utilisation and strong average monthly revenue per operating rig," Capital says.

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Cordel Group PLC - London-based artificial intelligence platform for transport corridor analytics - Revenue in the six months to December 30 jumps 50% to GBP945,000 from GBP629,000 a year prior. Loss before interest, tax, depreciation and amortisation narrows by 43% to GBP721,000 from GBP1.3 million. Expects a satisfactory cash position for financial year 2023 which started on July 1, 2022. Chair Ian Buddery says: "We are pleased by the market's recognition of our technology advantages and confident we will add new contracts as 2023 progresses." Cordel aims to release its half-year report in early February.

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Ilika PLC - Hampshire, England-based solid-state battery technology provider - Pretax loss in the half-year to October 31 widens to GBP5.0 million from GBP3.5 million a year prior. Posts no revenue, down from GBP15,932 a year prior. Administrative expenses widen by 50% to GBP4.9 million from GBP3.3 million. Looking ahead, Ilika says it "will continue to deploy its resources to maximise shareholder return while it delivers its programmes."

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Scotgold Resources Ltd - Stirlingshire-based gold and silver explorer and producer in Scotland - Gold production in 2022 rises to 8,564 ounces from 2,623 ounces in 2021. Grade mill feed for processing plant averaged 10.35 grams of gold per tonne in 2022. Expects gold production to rise by between 34% and 58% to between 11,500 and 13,500 ounces in 2023.

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By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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3 May 2023 12:51

IN BRIEF: Cordel Group confirms Thouraya Walker starts as new CFO

Cordel Group PLC - London-based artificial intelligence platform for transport corridor analytics - Confirms new chief financial officer, Thouraya Walker, joins on Wednesday. Former CFO Robert Lojszczyk has stepped down following his retirement. In March, Cordel named Walker as Lojszczyk's successor. Walker previously held roles at Mazars LLP, Standard Chartered Bank, and Oliver Wyman Ltd.

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24 Apr 2023 11:51

Cordel promotes interim CEO John Davis into permanent spot

(Alliance News) - Cordel Group PLC on Monday placed its interim Chief Executive Officer John Davis into the permanent role, effective immediately.

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17 Apr 2023 14:25

IN BRIEF: Cordel confident as third quarter loss narrows

Cordel Group PLC London-based artificial Intelligence platform for transport corridor analytics - Revenue in third quarter ended March 31 jumps 18% annually to GBP743,000 from GBP629,000. Says cost of sales rose by 5% to GBP177,000 from GBP168,000, whilst total expense fell by 13% to GBP581,000 from GBP665,000. Loss before interest, tax, depreciation and amortisation narrows to GBP15,000 from GBP204,000.

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17 Apr 2023 11:44

Cordel losses improve in third quarter

(Sharecast News) - Transport technology specialist Cordel Group reported total third-quarter revenue of £0.74m in a trading update on Monday - a year-on-year increase of 18%.

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31 Mar 2023 15:02

IN BRIEF: Cordel raises GBP1.7 million to support Amtrak contract

Cordel Group PLC - London-based artificial Intelligence platform for transport corridor analytics - Raises GBP1.7 million from placing of 28.6 million shares at 6 pence each. The new shares represent 14% of Cordel's enlarged share capital. "We're delighted with the overwhelming support from UK investors for our USA expansion strategy, as we build on the success of our Amtrak contract," says Chair Ian Buddery. Earlier this month, Cordel said it was awarded a USD6.7 million contract by US intercity passenger rail service provider Amtrak to supply a software suite for survey and clearance management.

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30 Mar 2023 19:20

TRADING UPDATES: Centamin targets reduction in greenhouse gases

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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23 Mar 2023 15:02

Cordel completes key milestone in contract with Angel Trains

(Sharecast News) - Transport-focussed artificial intelligence (AI) specialist Cordel Group announced the successful completion of a key milestone in its contract with rolling stock operator Angel Trains on Thursday.

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23 Mar 2023 10:11

Cordel hails contract milestone with Angel Trains on first deliverable

(Alliance News) - Cordel Group PLC on Thursday celebrated a "key contract milestone" with Angel Trains Ltd, after completing its first deliverable.

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15 Mar 2023 11:45

Cordel jumps on USD6.7 million software supply contract in the US

(Alliance News) - Cordel Group PLC on Wednesday announced it has been awarded a contract by Amtrak to supply a fully-automated software suite for survey and clearance management.

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15 Mar 2023 10:58

AIM WINNERS & LOSERS: M&A prospects lift Purplebricks and Reabold

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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15 Mar 2023 08:45

LONDON MARKET OPEN: Stocks fall but pound steady ahead of UK budget

(Alliance News) - Stock prices in London opened lower on Wednesday, returning some of Tuesday's stellar gains, ahead of the UK government budget announcement at midday.

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3 Mar 2023 10:16

IN BRIEF: Cordel CFO Lojszczyk retires; Thouraya Walker replaces

Cordel Group PLC - London-based artificial intelligence platform for transport corridor analytics - Says Chief Financial Officer Robert Lojszczyk has notified the board of his retirement. Lojszczyk will step down from the board on April 30.

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1 Mar 2023 11:51

IN BRIEF: Cordel CEO resigns to become regional vice president

Cordel Group PLC - London-based artificial intelligence platform for transport corridor analytics - Chief Executive Officer Nick Smith resigns to take up new position as vice president for Europe & Middle East, effective Wednesday. Hires Non-Executive Director John Davis as interim CEO.

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23 Feb 2023 18:37

TRADING UPDATES: Anglo Asian eyes "pivotal" 2023, Cordel signs deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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3 Feb 2023 21:15

TRADING UPDATES: Aura Energy finishes drilling; Cordel revenue up

(Alliance News) - 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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