Proactive news snapshot: Westminster Group, Summit Therapeutics, Ethernity Networks, Hurricane Energy ...

A glance at some of the day's highlights from the Proactive Investors newswire

Your daily round-up from the world of Proactive

Westminster Group PLC (LON:WSG) soared higher on Tuesday following news the firm has been chosen as the technical partner to a major upgrade of the container port at Tema in Ghana. Final terms are set to be agreed with Ghanaian partner Scanport and port owner Meridian within 30 days.

Ethernity Networks PLC (LON:ENET) shares soared for a second session on Tuesday as the AIM-listed group confirmed yesterday's announcement from FiberHome Telecommunication Technologies, a major Chinese networking and telecommunication equipment provider that it has selected the firm’s ACE-NIC100 FPGA SmartNIC for implementation within its FitBNG, Broadband Network Gateway (BNG).

Summit Therapeutics PLC (LON:SUMM) is in line to receive almost US$64mln from the US government to help fund the development of its ridinilazole antibiotic as a treatment for C. difficile (CDI). The Biomedic Advanced Research and Development Authority (BARDA), part of the US Department of Health and Human Sciences, had already agreed to shell out US$44mln to cover the costs of taking ridinilazole through clinical trials.

Hurricane Energy PLC (LON:HUR) has generated its first-ever revenues after selling a tanker-load of oil from the Lancaster field, which sits about 100km off the west coast of the Shetland Islands. Big Pic in March.

Directa Plus PLC (LON:DCTA) said its new financial year has “started well” and that roads will be laid in Italy, UK, USA and Oman this summer with asphalt strengthened by the addition of its graphene technology. Big Pic in April.

Anglo Asian Mining PLC (LON:AAZ) expects to begin further exploration work at its Gedabek gold project in Azerbaijan within the next couple of weeks. The field team is still poring over the results from the recent airborne geophysics survey, which identified 31 “highly promising and prospective mineral targets” at the project.

Bluejay Mining PLC (LON:JAY) has issued an updated 2019 work programme for its Dundas ilmenite project in Greenland. The AIM-listed firm said during the year it would focus on preparing a bulk smelter sample from the project to be shipped to the Sorel-Tracy plant in Quebec, Canada, owned by ilmenite refiner Rio Tinto Iron and Titanium Canada Inc, following an agreement between the two firms to jointly analyse the ilmenite from the Dundas project.

ClearStar Inc (LON:CLSU) saw its highest ever monthly revenues in May of this year and has reiterated its full-year outlook following a strong start to 2019. Big Pic in May.

Oracle Power PLC (LON:ORCP), which is developing a thermal power station in Pakistan, said it remains encouraged by continued support for the project from the Pakistani authorities. Big Pic in May.

Renewable energy investor Greencoat UK Wind PLX (LON:UKW) has completed the £126mln purchase of a 75% stake in the Tom nan Clach wind farm in the Cairngorms. Greencoat initially agreed to buy the 75% stake in the 13-turbine farm from Belltown Power last autumn.

SIMEC Atlantis Energy Ltd (LON:SAE) has abandoned a plan to buy a portfolio of hydro-electric power assets in Scotland from its largest shareholder SIMEC Energy. The group announced last November that it would purchase the Green Highland Renewables (GHS) portfolio of assets for £124.7mln.

Recent studies carried out at Chariot Oil & Gas Limited’s (LON:CHAR) Anchois gas field, offshore Morocco, have shown that development of the project is “technically feasible”. Big Pic in May.

Alba Mineral Resources plc (LON:ALBA) has updated the market on progress across its portfolio of resources assets. At the Clogau gold project results have been obtained from a further 463 samples from the recently completed 1,200 soil sample programme. Big Pic in February.

Yellow Cake PLC (LON:YCA) increased the value of the uranium it holds for investment by 22% during the 15 month period from January 2018 to March 2019. As at the end of March the value of the U3O8 held stood at US$217.4mln, as against the acquisition cost of US$178.2mln. Big Pic in June.

Regency Mines PLC (LON:RGM) has revealed that White Car Limited, a company in which its 100% owned subsidiary EsTeq Ltd. had invested, has informed EsTeq that it has entered voluntary liquidation. The EsTeq investment in White Car Limited was held at nil value in the most recent Regency interim accounts announced on 29 March 2019. Big Pic in  September.

 Chaarat Gold Holdings Ltd (LON:CGH) has received assays for the first tranche of the recent drilling programme conducted on its Tulkubash gold project in Kyrgyzstan. Over 3,800 metres of drilling was completed, with a minimum of 20,000 metres scheduled to be completed in 2019. Big Pic in June.

Scancell PLC (LON:SCLP), the developer of novel immunotherapies for the treatment of cancer, announced that, further to its announcement on 13 June, Martin Diggle, Co-Founder and Portfolio Manager of Vulpes Investment Management, has been appointed a non-executive director of the company with immediate effect. The group noted that Diggle has over 30 years' experience in investment banking and fund management and has been an investor in life sciences and biotechnology companies for nearly 20 years.

Primary Health Properties PLC, one of the UK's leading investors in modern primary healthcare facilities, late on Monday announced the launch of a £150mln offering of Convertible Bonds due 2025. The group said the net proceeds of the bonds are intended to be used to repay the company's £75mln, 5.375% senior unsecured bonds due 2019 on their maturity date and otherwise for general corporate purposes.

Live Company Group PLC (LON:LVCG) announced that its executive chairman, David Ciclitira acquired on-market a total of 20,000 ordinary shares in the company on the 17 June 2019, with 13,000 shares purchased at 53.5p each and 7,000 shares at 53.9p each. Following these purchases, it added, the total number of ordinary shares held by Ciclitira is 27,395,811, representing 38.89% of the company’s issued share capital.

Live Company Group PLC (LON:LVCG) is expected to achieve profitability in its current financial year, according to analysts at Shard Capital. In a note on Monday, the broker forecast that the media group, which operates the BRICKLIVE events brand, would deliver an underlying pre-tax profit of £200,000 in its current financial year, which would then rise to £1.7mln in 2020 and £3.6mln in 2021.

Canadian Overseas Petroleum Limited (LON:COPL) (CSE:XOP) has announced the issue of a second tranche of shares to raise £67,800 following from its earlier share placing announced on 4 June. The London main market-listed international oil and gas exploration and development company, which raised gross proceeds of £497,000 from the initial placing, said the second tranche will be of 67,800,000 new common shares at a price of 0.1p each.

Salt Lake Potash Ltd (ASX:SO4) has completed the placement to strategic investors of 37.5 million shares to raise gross proceeds of A$20.25 million for the ongoing construction of the Lake Way Project. Big Pic in February.

ReNeuron Group PLC (LON:RENE), the UK-based global leader in the development of cell-based therapeutics, has said it will webcast the analyst briefing on the day of its preliminary results, Thursday 11 July 2019. A recording of the webcast will later be made available at ReNeuron's website.


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