MOVERS OF FRIDAY 11 DECEMBER 2020
(LON:VOF ) shares rose 2.9% to 389p after UK and Vietnam agree post-Brexit free trade deal
The London-listed company which invests in Vietnamese businesses, improved by 10p, or 2.9 % to 389p as the UK and Vietnam agreed a post-Brexit free trade deal earlier today.
The two countries concluded talks to negotiate a new free trade agreement in Hanoi, just weeks before Britain completes its transition out of the European Union on Dec. 31.
According to Reuters, the deal, which will for Britain replace the existing EU-Vietnam Free Trade Agreement (EVFTA), will ensure Britain does not lose access to preferential tariffs in one of the fastest growing and most open economies in Asia.
Meanwhile, VinaCapital announced this morning that, as at the close of business on 10 December 2020, its unaudited, estimated NAV was USD 1,023 million or USD 6.00 per share. The Sterling equivalent at that same date was GBP 769 million or GBP 4.51 per share.
(AIM:TRU ) shares rose 27.7% to 57.5p as Lloyds Bank signs up for pilot scheme
TruFin’s subsidiary, Satago entered into a commercial pilot with Lloyds Bank where Llyods will license its software platform for customers seeking single invoice finance solutions.
The commercial pilot, which has caused shares to rise this Friday, is anticipated to run for up to six months and, if successful, is expected to lead to a five-year commercial agreement.
Satago, which plans to launch its lending as a service product, believes the partnership highlights the value that the company can offer to strategic partners and SMEs in the UK.
As part of the agreement, Lloyds Bank will be extending financing to its customer base utilising Satago's digital cashflow management and invoice financing platform while Satago will be paid a recurring fee for each customer of the Bank that utilises Satago's platform.
Should the pilot develop into a five-year commercial agreement with Lloyds Bank, it is expected to have a materially positive impact on the financial expectations of Satago.
(AIM:CTEA ) shares jump 16.67% to 2.75p during Friday trading
Last month, the media and technology provider signed an MOU with technologys firm Afrik-ID to continue their relationship and work to commercialise potential opportunities.
The Agreement provided Afrik-ID with a framework to access BHA-Medical's coronavirus Near-Patient Healgen Antigen and the Three-Antibody test kits, as well as its professional clinical consultancy service to enable the tests to be conducted safely and successfully.
Catenae said its GDPR-compliant blockchain-based identity technology, including its data management platform and onsite ID mobile app, could be supplied to process the results.
"We are delighted to provide this update on Afrik-ID following the completion of our pilot agreement, given the level of commercial potential that Afrik-ID has been able to identify within Botswana and SADC,” commented Guy Meyer, CEO of Catenae back in November.
(AIM:ARS ) shares up 13.54% to 5.45p as it expects BKM disposal to occur by year-end
The group said that while its $163m disposal of its BKM prospect in Kalimantan, Indonesia, has been affected by COVID-19 disruption, it still expects to complete it by the end of 2020.
The company previously entered into a non-binding agreement for Indonesian group PT Win to acquire the subsidiary - Indokal Limited - that owns the KSK licence that contains BKM.
Both parties remain ‘committed’ to the deal and continue to work closely together to complete binding documentation despite team numbers having been affected by COVID-19.
The group anticipates the completion to occur prior to the Christmas/New Year period.
(LON:AML ) shares dipped 8.48% to 71.1p following report incident
This month, Aston Martin’s boss, Tobias Moers, said he has been reviewing how a report was commissioned that researchers criticised for making inaccurate comparisons of the climate harm caused by cars powered by batteries and combustion engines.
One claim the report made was that Boris Johnson’s 2030 ban on vehicles lacking a plug was that it takes 78,000 kilometers (48,000 miles) for EVs to be cleaner than conventional cars.
The figure is more like 16,000 miles, according to Auke Hoekstra, a researcher at the Eindhoven University of Technology. He said the report underestimated emissions from combustion-engine cars by roughly half and didn’t take into account fuel production.
According to the Bloomberg report, the report incident reflects the strain automakers are under to meet government mandates that fundamentally reshape their industry.
“I am concerned about the media coverage relating to the recently published Decarbonisation of Road Transport report,” Moers said in an emailed statement.
Moers added that he was not aware of the contents before it was published, and that Aston Martin is “fully committed to the development of both hybrid and battery electric vehicles.”
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