Whitbread plc WTB Completed the sale of Costa to The Coca-Cola Company for £3.9bn on 3 Jan 2019, ahead of schedule. Over 2,000 new rooms were added with occupancy high at over 80%. UK like for like sales growth fell by 0.6% over the quarter and 0.7% over the year. Despite the high occupancy rates accommodation was the main culprit for the decline with falls of 1.5% and 2.2% respectively. International sales growth was much stronger and helped to save the day with rises of 3.5% over the quarter and 4.1% over the year. The company claims that it has experienced a momentous year with the sale of Costa for 3.9 billion but this current year is going to be much more momentous for the shareholders, as the sale has enabled the company to commence the distribution of largess with an initial share buyback program of up to £500 million.
Associated British Foods plc ABF has issued a trading update for the 16 weeks to the 5th January. Group revenue from continuing operations was 2% ahead of the same period last year at constant currency. Sales at Primark were 4% ahead of last year, at both constant currency and actual exchange rates. Sales at Primark were 4% ahead of last year, at both constant currency and actual exchange rates, and with a higher operating profit margin, profit was well ahead. Primarks share of the total clothing market increased significantly and sales were 1% ahead of last year.
Workspace Group WKP experienced strong demand in the third quarter. The Chief Executive claims they have continued to see a great deal of activity across the whole of the business. Demand for newly refurbished space in London has been particularly pleasing
SSP Group plc SSP has had a good start to the new financial year. First quarter total group revenue increased by 7.6% on a constant currency basis Full year expectations are that like for like sales growth for the Group remains unchanged at between 2% and 3%.
ECR Minerals plc (LON:ECR), the precious metals exploration and development company, is pleased to announce it has today released a new presentation covering the Windidda gold project in Western Australia, details of which were released in the Company’s announcement of 3 January 2019 entitled “Strategic Gold Licence Applications – Yilgarn Region Australia”.
The presentation may be viewed through the following links:
- The Windidda gold project consists of nine exploration licence applications submitted by ECR’s 100%-owned operating vehicle Mercator Gold Australia Pty Ltd and covering a large ground area of approximately 1,600 square kilometres in the Yilgarn Craton, Australia;
- The area under application covers the southern margin of the Canning Basin, which has been interpreted, based on available gravity and magnetic data, to overlie the northern margin of the Archean Yilgarn Craton;
- The Yilgarn Craton is host to around 30% of the world’s known gold reserves and produces around two thirds of all gold mined annually in Australia;
- The Windidda project is targeting regional gravity-magnetic anomalies and potential under-cover Archaean greenstone hosted gold mineralisation, an exploration model that has been successfully tested by Greatland Gold plc (LON:GGP) at its Ernest Giles project located approximately 125 kilometres east of ECR’s Windidda project;
- Further updates will be made in due course regarding the progress of licence applications, continuing project review and exploration planning.
Craig Brown, Chief Executive Officer of ECR Minerals plc, commented: “ECR Minerals is building its strategic gold exploration portfolio at what the directors believe is a fascinating time in the gold industry, underlined by the acquisition of Goldcorp Inc. by Newmont Mining Corp. announced this week.
Larger companies within the sector are often in search of new gold discoveries to replace reserves as they are mined, potentially putting proactive junior gold explorers in a prime position should they be able to identify highly prospective territory, achieve a discovery and/or build strategic knowledge through exploration.
ECR has already identified a large, but early stage, gold system at its Creswick project in Victoria, Australia and is working to advance that project as rapidly as possible. The Windidda project diversifies ECR’s interests into Western Australia and the highly prospective Yilgarn Craton, which the directors believe is amply demonstrated by the presentation linked above. Following the financings completed in 2018, ECR is able to move forward confidently with new initiatives like the Windidda gold project.”
COMPETENT PERSON STATEMENT
Information disclosed in this announcement has been reviewed by Samuel Garrett, a Competent Person within the meaning of Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and for the purposes of the AIM Rules.
Mr Garrett holds a BSc (Hons) in Geology and an MSc in Economic Geology from the University of Tasmania. He is a member of the Australian Institute of Geoscientists and a member of the Society of Economic Geologists (USA).
FOR FURTHER INFORMATION, PLEASE CONTACT:
|ECR Minerals plc||Tel: +44 (0)20 7929 1010|
|David Tang, Non-Executive Chairman|
|Craig Brown, Director & CEO|
|WH Ireland Ltd||Tel: +44 (0)161 832 2174|
|Katy Mitchell/James Sinclair-Ford|
|SI Capital Ltd||Tel: +44 (0)1483 413500|
ABOUT ECR MINERALS PLC
ECR is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia has 100% ownership of the Avoca, Bailieston, Creswick, Moormbool and Timor gold exploration licences in central Victoria, Australia and the Windidda gold project in the Yilgarn region, Western Australia.
ECR has earned a 25% interest in the Danglay epithermal gold project, an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines. An NI43-101 technical report was completed in respect of the Danglay project in December 2015 and is available for download from ECR’s website.
ECR’s wholly owned Argentine subsidiary Ochre Mining has 100% ownership of the SLM gold project in La Rioja, Argentina. Exploration at SLM has focused on identifying small tonnage mesothermal gold deposits which may be suitable for relatively near-term production.
Cadence Minerals #KDNC – Macarthur Minerals (TSX-V:MMS) updates on Nickel exploration at Lake Giles project
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note that Macarthur Minerals (TSX-V: MMS) (“Macarthur”) has provided a further update on the results of its drilling of high priority nickel sulphide targets at its Lake Giles project in Western Australia. Surveying at targets derived from recent geophysical surveys using Moving Loop Electromagnetics (“MLEM”) successfully delineated two bedrock conductors, MC01 and MC02 at Moonshine, with a further bedrock conductor identified at the Snark prospect.
- Results for the two Reverse Circulation (“RC”) drill holes completed at Moonshine North have returned encouraging assay results.
- Anomalous nickel in hole 18MRC001 with average of 0.2% Ni over 31 metres (“m”) from 26m.
- Potassic alteration indicated in hole 18MRC001 from 140m to 146m (20% Potassium content) marginal to the sulphide intersection in the hole.
- Anomalous gold associated with sulfidic chert in interval 106m to 113m (average gold content 159 part per billion (“ppb”) over the interval).
- Both holes had successfully intersected sulphide minerals at depth and semi-massive sulphide comprising 20% pyrite/pyrrhotite was recorded over 12m in hole 18MRC002 from 185m to end of hole (“EOH”). Sulphide mineralisation is open at depth and on strike with the hole ending in sulphide mineralisation.
Prior to Macarthur’s acquisition of the Lake Giles project, there were two previous periods of limited exploration activity for nickel over parts of the present tenement package. The recent review and evaluation of geochemical and geophysical data has identified significant exploration targets for nickel. These targets include some fifteen areas considered prospective for discovery of sulphide style nickel within the belt of ultramafic rocks.
Mr Ian S Cooper, B.Sc., A.R.S.M., F.G.S. FAusIMM, a Fellow of the Australasian Institute of Mining and Metallurgy (membership number 107348, is a consultant of Macarthur and is a Qualified Person as defined in National Instrument 43-101. Mr Cooper has reviewed and approved the technical information contained in this news release.
Cadence holds approximately 10% of the issued equity interest in Macarthur, which is an Australian mining exploration company focused primarily on iron ore, nickel, lithium and gold in Western Australia. It also has a lithium project in Nevada, USA.
The full release can be found at: https://web.tmxmoney.com/article.php?newsid=7609341802648786&qm_symbol=MMS
Cadence Minerals CEO Kiran Morzaria commented: “This drilling update from Macarthur provides encouraging assay results to follow the earlier geophysical surveys. We look forward to further updates from Cameron McCall and his team.”
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
– Ends –
|For further information:
Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.
Certain statements in this announcement are or may be deemed to be forward-looking statements. Forward-looking statements are identiﬁed by their use of terms and phrases such as ”believe” ”could” “should” ”envisage” ”estimate” ”intend” ”may” ”plan” ”will” or the negative of those variations or comparable expressions including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors’ current expectations and assumptions regarding the Company’s future growth results of operations performance future capital and other expenditures (including the amount. nature and sources of funding thereof) competitive advantages business prospects and opportunities. Such forward-looking statements reﬂect the Directors’ current beliefs and assumptions and are based on information currently available to the Directors. Many factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions competition environmental and other regulatory changes actions by governmental authorities the availability of capital markets reliance on key personnel uninsured and underinsured losses and other factors many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions. The Company cannot assure investors that actual results will be consistent with such forward-looking statements.
A referendum is one of the highest and truest forms of decmocracy. That is why they are absolute anathema to the unelected dictators of Brussels who would not recognise an election if they saw one staring them in the face. That is why the EU demagogues, those of them who remain sober and capable of standing up, have forced one European country after another to reverse the result of every referendum they have held. And now we have joined them in disgrace, as the destroyers of democracy. The British who have one of the longest histories of parliamentary democracies in the world, have seen their MPs refuse to accept the will of the people and overturn the common decision reached two years ago that there was a majority in favour of Brexit.
It matters not whether that majority was right or wrong. It is the principal which matters. The people were not only allowed to decide, they were asked by Parliament to decide. The government then descended into chaos as MPs began to jockey for position. Ministers abandoned their posts almost every week, looking for aggrandisement and opportunites for self advancement. Led by the weakest leader the country has ever seen since King Harold failed to turn the tide at Hastings in 1066, we became a laughing stock throughout Europe as country after country sought to avenge slights, real or imagined, such as freeing them at great cost from the horrors of fascist domination, with which so many of them happily collaborated.
The jostling for position amongst ministers over the past two years has been a disgrace. They resigned from government one day as a matter of principal, only to rejoin it the next day as they saw better opportunities to get higher up the ladder before they finally brought about the collapse of the government of which they were supposed to be such loyal members.
Ministers have never been so happy as they day on which they realised that Brexit meant the end of Human Rights legislation in the UK. Ministers could not hide their joy as they saw a possible end to the European court, little realising that before we joined Europe, we were the only country in Europe which had no statutory human rights. Did these empty headed numpties want to see Maggie Thatchers mounted police literally riding down unarmed miners fleeing from them across the fields of Orgreave, Did they really want to see Arthur Scargills hordes closing down pits, and power stations and much of British Industry as he plunged Britain into the darkness of the three day week and saw Downing Street as his weekend holiday home..Their faces lit with glee as they saw the emasculation of the European court. The very same Europan court which has just ordered thousands and thousand of judges to be restored to the positions from which newly elected governments in Poland and Hungary had illegally removed them.
There was far more to Brexit than trade and economics. The deliberate trampling down of the democratic rights of the British people in last nights embarassing farce puts those responsible on the same level as the unelected bureaucracies of Brussels and the toothless gravy trainers of Strasbourg, Brexit is now dead.
Brand CEO Alan Green talks Tertiary Minerals #TYM, Grand Vision #GVMH & Enquest Bonds #ENQ1 on Vox Markets podcast
Brand CEO Alan Green talks Tertiary Minerals #TYM, Grand Vision Media Holdings #GVMH & Enquest Corporate Bonds #ENQ1 with Justin Waite on the Vox Markets podcast. Interview is 27 minutes 39 seconds in.
View Full Research Note here TSC_InitiatesCoverage_GVMH_11Jan19
Persimmon plc PSN claims to have delivered another strong trading performance in 2018 with total Group revenues of £3.74bn., 4% higher than the previous year. A little cloud in the sky appeared in the shape of the average selling price increased by only 1%, which from memory is the lowest for many a year and not something which housebuilders welcome because they think it indicates the market is weak and they can not sell their houses. Housebuyers however can see it as a very good thing which eases the burden of above inflation price increases which the builders used to impose with such glee. Forward sales at 31 December were 3% ahead of 2017 which shows the benefit for the builders of more stable prices. Pre-tax profits for 2018 are expected to follow a similar pattern and be modestly ahead of current market consensus.
Savills plc SVS experienced a robust closing quarter and produced growth in both revenue and underlying profits for the full year. The residential business continued to perform well in challenging market conditions. These achievements came against a backdrop of heightened uncertainty through the last quarter as Brexit, US trade policy produced concerns.
Games Workshop GAW continues to be in great shape says the CEO as the interim dividend is increased from 61p to 65p for the six months to the 2nd December after Revenue rose from £109m. to £125m. Basic earnings per share for the half year have grown from 96p per share to 100.8p
Spirent Comm PLC SPT updates for the final quarter to the 31 December and for the year in full. Revenue for the full year grew by 6% and good momentum continued into the final quarter.On an adjusted basis operating profit is expected to show a 30% increase on the previous year, exceeding market expectations and demonstrating a year of strong profitable growth.
Telit Communications TCM expects revenue for the year to the end of December to show strong profitable growth Aadjusted operating profit is expected to exceed market expectations with a rise of some 30% on the previous year. Shareholder approval for the proposed sale of the automotive division is expected to be obtained on the 29th January and completed on the 31st January.The Executive Chairman claims that over the last few months, the Group has delivered double-digit revenue growth, and improved profitability over the year. The financial performance is expected to be improved further in 2019.
Further to the operational update provided in the RNS dated 12 December 2018, Tertiary Minerals #TYM, the AIM traded company building a strategic position in the fluorspar sector, has today received news from its Swedish Lawyers regarding the Exploitation (Mine) Permit re-assessment for the Company’s Storuman Fluorspar Project in Sweden. Summary as follows:
- The Swedish Mining Inspectorate (“Mining Inspectorate”) has chosen to agree with the County Administrative Board of Västerbotten (“CAB”) assessment and it has rejected Tertiary’s application.
- This is despite the fact that the Mining Inspectorate simultaneously states in their decision that the economic aspects point in favour of granting the exploitation concession, that a permit regarding Natura 2000-area is unnecessary, that fluorspar is included in the EU list of critical materials and that a mining establishment would mean positive socio-economic benefit for the municipality of Storuman.
- The Mining Inspectorate has however agreed with the CAB’s assessment that the protective/mitigation measures suggested by Tertiary are not sufficient to enable coexistence between mining and reindeer husbandry.
- The Company’s Swedish lawyer has commented that the Mining Inspectorate has not fully assessed the case regarding the protective/mitigation measures suggested by Tertiary and has instead only taken the CAB’s assessment into account. It has recommended that Tertiary appeal the decision to the Government.
- Tertiary will now fully assess the decision and intends to lodge an appeal with the Swedish Government in line with the advice of it’s Swedish lawyer
Commenting today, Managing Director, Richard Clemmey said: “We are disappointed that the Mining Inspectorate has taken this decision based on the application in its current form. We, together with our Swedish Lawyers, will appeal the decision to the Swedish Government and will now assess the future options available to the Company”.
Tertiary Minerals plc
Richard Clemmey, Managing Director
Patrick Cheetham, Executive Chairman
+44 (0) 1625 838 679
SP Angel Corporate Finance LLP
Nominated Adviser & Broker
Lindsay Mair/Caroline Rowe
+44 (0) 20 3470 0470
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
Notes to Editors
Tertiary Minerals plc (ticker symbol ‘TYM’) is an AIM-traded mineral exploration and development company building a significant strategic position in the fluorspar sector. Fluorspar is an essential raw material in the chemical, steel and aluminium industries. Tertiary
controls two significant Scandinavian projects (Storuman in Sweden and Lassedalen in Norway) and a large deposit of strategic significance in Nevada, USA (MB Project).
The news release may contain certain statements and expressions of belief, expectation or opinion which are forward looking statements, and which relate, inter alia, to the Company’s proposed strategy, plans and objectives or to the expectations or intentions of the Company’s directors. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such forward-looking statements. Accordingly, you should not rely on any forward-looking statements and save as required by the AIM Rules for Companies or by law, the Company does not accept any obligation to disseminate any updates or revisions to such forward-looking statements.
Salt Lake Potash #SO4 Limited announces that it was notified on 11 January 2019 via the filing of a Form 604 – Notice of change of interests of substantial holder within the ASX, that Lombard Odier Asset Management (Europe) Limited’s relevant interest in the Company increased from 17,071,000 Ordinary Shares (9.75 per cent of the issued ordinary share capital of the Company as at 20 June 2018) to 18,025,501 Ordinary Shares (8.74 per cent of the issued ordinary share capital of the Company as at 9 January 2019).
For further information please visit www.saltlakepotash.com.au or contact:
Tony Swierizcuk/Clint McGhie
Salt Lake Potash Limited
Tel: +61 8 9322 6322
Salt Lake Potash Limited
Tel: +44 (0) 20 7478 3900
Colin Aaronson/Richard Tonthat/Ben Roberts
Grant Thornton UK LLP (Nominated Adviser)
Tel: +44 (0) 20 7383 5100
Derrick Lee/Beth McKiernan
Cenkos Securities plc (Joint Broker)
Tel: +44 (0) 131 220 6939
Jerry Keen/Toby Gibbs
Shore Capital (Joint broker)
Tel: +44 (0) 20 7468 7967
JD Sports Fashion JD reports total sales growth of 15% for the cumulative 48-week period to 5 January as it makes further significant progress in its international development. Gross profit margins have been maintained at last year levels. In the second half the first two stores in Thailand were opened plus the first five JD stores in the United States. Group profit before tax for the year ended 2 February will be at the upper end of published market expectations.
Page Group plc PAGE The fourth quarter Group gross profit growth of 15.4% was a record. All four regions delivered growth,with 20 countries growing by over 20% each. Gross profit before tax of 15.9% for the full year was also a record.and expected to be at the upper end of published market expectations. the UK proved a laggard but still managed to deliver a second consecutive quarter of marginal growth, up 2.1% whilst Michael Page declined by 1%, compared to Brazil and Latin America with rises of 25% and 28%. In Europe, Germany managed growth of 28%.
Dechra Pharmaceuticles DPH traded strongly during the six months to the end of December, with reported net revenue up by 18% and both Europe and North America showing identical increases. The CEO confirms that the company is contining to deliver above market revenue growth in both its existing business and in its acquisitions, in line with the Board’s expectations.
Surgical Innovations SUN enjoyed significantly stronger trading in the second half of the year to 31st December and Group revenue for the full year should represents growth of approximately 25% or £11.0m.
Avingtrans AVG has continued to perform well in the first half of the financial year and is trading in line with market expectations. The prospect pipeline for the HT businesses is robust. Recent acquisitions are also integrating well. and Brexit is Brexit is not expected to have a material impact on the company’s operations operations