logo-loader

Global Ports cruises higher as it hoists the 'for sale' sign

A look at the day's major movers, including Churchill China, Westminster Group, Vela Technologies, Regal Petroleum and Kazera Global

Crockery
"We now anticipate trading performance will be ahead of our earlier expectations for the full year," the group said.

2.30pm: Global Ports cruises higher

Global Ports Holding PLC (LON:GPH) floated 7.5% higher to 385p after it told investors it has received offers to acquire certain assets.

Goldman Sachs is to carry out a strategic review of the cruise port operator, which aims to explore ways to maximise value for all stakeholders, include possible asset sales along with strategic investments and partnerships.

The company noted that it has received a number of preliminary offers for assets, and, the offers are currently being evaluated.

12.30pm: Churchill China smashes it

Churchill China PLC (LON:CHH) raised its guidance for the year, propelling the shares 10% higher to 1,647p.

The company, which supplies ceramic products to the retail and hospitality markets, said the business continued to "perform well" in the six months to the end of June.

Revenue growth from the hospitality business, which provides ceramic tableware to hotels and restaurants, beat the firm’s expectations on the back of strong progress in Europe.

11.30am: Westminster flying high after Bahrain deal

Shares in Westminster Group PLC (LON:WSG) flew 5.6% higher to 17.16p after it inked a deal with the Gulf Aviation Academy of Bahrain (GAA).

The group is to provide the GAA with aviation and other specialised training services.

“This initiative is a further enhancement to our recently opened Training Centre in the UK,” said Peter Fowler, the chief executive officer of Westminster.

10.30am: Vela hauled higher by BlockchainK2

Vela Technologies PLC’s (LON:VELA) rose 11% to 0.105p following news from BlockchainK2, in which it holds a 1.8% stake.

BlockchainK2 has invested US$500,000 in blockchain investment and trading network Envexergy Inc.

BlockchainK2’s investment closes off an Envexergy seed round financing and adds to previous investments of US$3.1mln earlier this year from various venture capital funds including Science Inc., Morgan Creek Digital, Zelkova Ventures, Ulu Ventures, and Cross Culture Ventures.

9.30am: Regal Petroleum buoyed by production update

Regal Petroleum PLC (LON:RPT) shot up 9.4% to 40p in early trade on Friday on the back of an update on its operational activities in Ukraine.

The average daily production of gas, condensate and liquefied petroleum gas from the Mekhediviska-Golotvshinska (MEX-GOL), Svyrydivske (SV) and Vasyschevskoye (VAS) gas and condensate fields in the second quarter of 2019 rose to 4,073 barrels of oil equivalent per day (boepd), up from 2,829 boepd a year earlier.

At the end of June, the company's cash resources were roughly US$67.9mln.

Kazera Global PLC (LON:KZG) experienced a 27% rise to 2.1p following the completion of a maiden JORC resource for the Homestead and Purple Haze tantalum deposits.

There were strong grades of tantalite across both areas, giving an average of 323 parts per million tantalum pentoxide and a high of 911 parts.

Results from Purple Haze exceeded expectations and the mining investment group believes there is significant potential for upgrades to the current estimate, which stands at 326,600 tonnes in the indicated and inferred categories.

Proactive news headlines:

Westminster Group PLC (LON:WSG) has inked a deal to provide the Gulf Aviation Academy of Bahrain (GAA) with aviation and other specialised training services. The company noted that the agreement is for an initial period of three years and nothing in it prevents either party from continuing to individually market their own products and services around the world. No financial details were disclosed at this time. Big Pic in June.

Live Company Group PLC’s (LON:LVCG) executive chairman, David Ciclitira, believes the company will exceed its events target for 2019. In a trading update for the six months ending 30 June, the chairman said the media group had secured 67% of its revenues for 2019 so far, while it had also confirmed 52 events for the year from its target of 60 and had “several more in the pipeline”. Big Pic in June.

Arc Minerals Limited (LON:ARCM) has acquired a further 5% stake in Zambian copper exploration company Zaco Limited. AIM-quoted Arc now holds a 47.5% stake in Zaco. Big Pic in May.

Ashley House PLC (LON:ASH) said it was hit by legal delays to three deals it was trying to rush through before the end of June but added that it means the firm will make a strong start to the new financial year. The supported care housing developer had warned on 25 June that it was up against the clock on three Morgan Ashley extra care schemes.

Remote Monitored Systems PLC (LON:RMS) has raised £100,000 through the issue of convertible loan notes. Big Pic in March.

ADES International Holding PLC (LON:ADES), a leading provider of oil & gas drilling and production services in the Middle East and North Africa (MENA), has appointed Numis Securities as its joint corporate broker, working alongside Investec Bank and Canaccord Genuity, with immediate effect.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Ashley House named herein, including the promotion by the Company of Ashley House in any Content on the Site, the Company receives from said...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Scancell back in the clinic with a phase II trial of its...

Scancell Holdings PLC's (LON:SCLP) Cliff Holloway tells Proactive London's Andrew Scott they've begun the UK arm of the phase II trial of its flagship skin cancer treatment. The trial is testing the safety and efficacy of SCIB1 in metastatic melanoma patients who are also receiving Merck’s...

6 hours, 9 minutes ago

RNS

Directorate Change

1 week, 6 days ago

Second Price Monitoring Extn

2 weeks, 4 days ago

Price Monitoring Extension

2 weeks, 4 days ago

Trading Update

2 weeks, 4 days ago

Trading Update

on 5/7/19

Trading Update

on 25/6/19

5 min read