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Pin to quick picksKinovo Plc Share News (KINO)

Share Price Information for Kinovo Plc (KINO)

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Share Price: 60.00
Bid: 58.00
Ask: 62.00
Change: 2.00 (3.45%)
Spread: 4.00 (6.897%)
Open: 59.50
High: 60.00
Low: 59.00
Prev. Close: 58.00
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TRADING UPDATES: Supreme trades in line; Kinovo revenue up

Thu, 15th Sep 2022 17:57

(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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Supreme PLC - Manchester-based battery, lighting & vaping manufacturer and distributor - Says trading for year ending March 2023 "remains in line with market expectations". "Our fast-growing Vaping category continues to underpin the group's growth. Alongside the continued strong performance of our 88vape brand, including new customer wins across grocery and convenience retail, we remain committed to evolving our Vaping segment as evidenced with the acquisitions of Liberty Flights in June 2022, and Cuts Ice and Flavour Core in August 2022," Chair Paul McDonald says. "Looking ahead, we continue to explore additional M&A opportunities to complement the group's organic growth, and the board remains confident in Supreme's strategic ambitions, underpinned by the exciting prospects within Vaping."

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Kinovo PLC - London-based property services company focused on safety and regulatory compliance, land regeneration and energy efficiency - Says good momentum continues, despite tough trading environment characterised by rampant inflation, supply chain weakness and labour shortages. "Kinovo has been able to partially offset these challenges through positive contract discussions regarding pricing, effective supply chain management and maximising its available labour pool," it says. Expects revenue of GBP30.0 million for six months to September 30, up from GBP23.8 million a year prior. Expects adjusted earnings before, interest, tax, depreciation and amortisation of GBP2.3 million, up from GBP1.8 million. "The directors expect this positive momentum in financial performance to continue into the second half of the financial year," company says. "Discussions continue with clients on the DCB construction projects and Kinovo hopes that on site activity will recommence in the near future, enabling Kinovo to progress its commitments under the parent company guarantees. Costs to complete the projects are expected to be in the region GBP4.0 million plus expenses, as previously announced."

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Mycelx Technologies Corp - Georgia, US-based clean water and air technology - Says in commercial phase of contract negotiations with a "major" oil producer which is based in Middle East. "Recent negotiations have made us aware it is unlikely the Company will be able to recognize the anticipated revenue for this project in 2022 and, therefore, will defer the revenue to 2023," company adds. If successful, deal would be second enhanced oil recovery installation deploying its MYCELX REGEN filtration system. Company adds that has other sales opportunities in pipeline that may close before year end. These could reduce impact of delayed revenue. Revises guidance. Now expects 10% revenue growth in 2022. Anticipated profit "will also be adversely affected".

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Eneraqua Technologies PLC - London-based heating and hot water systems for social housing and commercial projects - Expects revenue of at least GBP24 million for first half ended July 31. Full-year revenue weighting is tilted to second half, amid "nature of client procurement calendars". Also notes it receives GBP36 million worth of pacts, spread across three years, with new and existing social housing and private sector clients.

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FRP Advisory Group PLC - London-based corporate finance, restructuring and debt adviser - Non-Executive Chair Nigel Guy says enquiries for restructuring services increase recently. "Businesses have seen the last of the Covid support measures fall away, and the economy is experiencing significant inflationary pressure and other disruptive forces. Against that backdrop, there remains uncertainty as to how proactive key creditors like HMRC and institutional lenders will be on addressing overdue debts," Guy explains. FRP's trading remains in line with expectations, firm says. Declares 0.85 pence per share dividend for first quarter ended July 31.

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Future Metals NL - Perth-based platinum exploration company - Says exploration drilling at Panton PGM-nickel project in Australia expected to begin in October. "The company has commenced ground geophysical surveys to improve the definition of known conductive bodies identified from airborne surveys; and to map the structure of the Panton intrusion at depth. Data from these surveys will refine the planned drill programme targeting sulphide mineralisation, with a contractor secured to mobilise to site in early October 2022," Future Metals says.

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Gunsynd PLC - London-based investment company focused on the natural resources, life sciences & alcohol sector - Says ASX-listed investee Pacific Nickel Mines Ltd awarded mining lease for Kolosori nickel project on Isabel Island in the Solomon Islands. "Pacific Nickel further states that its operations are now focussed on finalisation of its definitive feasibility study and that it will seek to expedite the wharf and haul road construction, together with the establishment of a construction camp in order to increase production during 2023," Gunsynd says.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
19 Sep 2023 13:22

Rx3 confirms it does not intend to make an offer for Kinovo

(Alliance News) - Rx3 Holdings Ltd on Tuesday confirmed that it does not intend to make an offer for Kinovo PLC.

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13 Sep 2023 13:22

Kinovo gets decarbonisation award with expected GBP4.8 million value

(Alliance News) - Kinovo PLC on Wednesday said it received a direct award via The Greener Futures Partnership's decarbonisation framework with an anticipated value of GBP4.8 million over 19 months.

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13 Sep 2023 13:22

Kinovo gets decarbonisation award with expected GBP4.8 million value

(Alliance News) - Kinovo PLC on Wednesday said it received a direct award via The Greener Futures Partnership's decarbonisation framework with an anticipated value of GBP4.8 million over 19 months.

Read more
13 Sep 2023 13:22

Kinovo gets decarbonisation award with expected GBP4.8 million value

(Alliance News) - Kinovo PLC on Wednesday said it received a direct award via The Greener Futures Partnership's decarbonisation framework with an anticipated value of GBP4.8 million over 19 months.

Read more
7 Sep 2023 17:04

TRADING UPDATES: Corcel spuds well; Touchstone celebrates production

(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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5 Sep 2023 12:05

IN BRIEF: Kinovo renews banking facilities with partner HSBC

Kinovo PLC - London-based property services provider offering safety compliance and sustainability solutions - Renews banking facilities with partner HSBC Holdings PLC. The facilities have been renewed to May 31, 2024, to align with Kinovo's year-end reporting schedules. They consist of a GBP2.5 million overdraft facility at an interest rate of 2.85% above the Bank of England base rate and a GBP6.0 million purchasing card facility, on which there is no interest charge.

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1 Sep 2023 19:56

IN BRIEF: Kinovo would not recommend 56p per share bid from Rx3

Kinovo PLC - London-based property services provider offering safety compliance and sustainability solutions - Says it would not recommend shareholders accept a 56 pence per share offer from Rx3 Holdings Ltd should a firm bid be made. On August 24, Kinovo said it had received a non-binding indicative offer from Rx3 which may or may not lead to an offer being made.

Read more
31 Aug 2023 19:45

TRADING UPDATES: Infrastructure India extends maturity dates on debt

(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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30 Aug 2023 10:22

IN BRIEF: Kx3 warns of uncertainty for Kinovo as ponders formal offer

Kinovo PLC - London-based property services provider offering safety compliance and sustainability solutions - Rx3 Holdings Ltd says it still is considering making a formal takeover offer for Kinovo, but there is no certainty it will do so. Rx3, which is owned by Kinovo's largest shareholder, had confirmed on Friday that any offer that it would make would be for at least 40 pence per share. Kinovo previously had said Rx3 had approached it with a possible offer price of 56p, which it had called "at the lower end of the board's expectation".

Read more
25 Aug 2023 09:43

Rx3 says any takeover offer for Kinovo has 40 pence floor price

(Alliance News) - Rx3 Holdings Ltd on Friday said any takeover offer that it makes for Kinovo PLC would have to be at a price no less than 40 pence per share.

Read more
24 Aug 2023 16:50

LONDON MARKET CLOSE: Stocks lose steam as focus turns to Jackson Hole

(Alliance News) - Stocks in London struggled at the close on Thursday as the afterglow from Nvidia's blowout earnings report faded as market attention turned to the Jackson Hole symposium.

Read more
24 Aug 2023 14:19

Kinovo in bind over "lower end" takeover offer from Rx3 Holdings

(Alliance News) - Kinovo PLC on Thursday announced its receipt of a possible offer from Rx3 Holdings Ltd, which shares an owner with its largest shareholder.

Read more
23 Aug 2023 15:42

UK shareholder meetings calendar - next 7 days

Thursday 24 August 
Ananda Developments PLCAGM
Concurrent Technologies PLCAGM
CyanConnode Holdings PLCAGM
Nuformix PLCAGM
Oryx International Growth Fund LtdAGM
ThomasLloyd Energy Impact Trust PLCAGM
ThomasLloyd Energy Impact Trust PLCGM re market purchases of its own ordinary shares
Friday 25 August 
Honye Financial Services LtdAGM
Iconic Labs PLCAGM
Ormonde Mining PLCAGM
Ormonde Mining PLCEGM re AIM delisting and proposed investment in TRU Precious Metals Corp
Monday 28 August 
no events scheduled 
Tuesday 29 August 
Axiom European Financial Debt Fund LtdEGM re liquidation of the company
Livermore Investments Group LtdAGM
TomCo Energy PLCAGM
Wednesday 30 August 
Esken LtdAGM
Gfinity PLCGM re share capital reorganisation
Global Connectivity PLCAGM
Gresham House PLCGM re takeover
Kinovo PLCAGM
Lindsell Train Investment Trust PLCAGM
Vistry Group PLCGM re directors' remuneration policy
WANdisco PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
11 Jul 2023 09:07

Kinovo annual profit surges in "critical year of transition"

(Alliance News) - Kinovo PLC said on Friday that its profit and revenue were up in a strong financial year.

Read more
22 May 2023 12:19

Kinovo builds momentum with several new contract wins in new year

(Alliance News) - Kinovo PLC on Monday said that it has won several new contracts, building on its "positive momentum" from the previous year.

Read more

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