Movers of Wednesday 19 January 2022
shares ticked up 6.96% to 1,661.25p as it forecasts continued recovery
In a trading update for the 20 week period to 15 January 2022, the British retailer reported a strong trading performance with total revenue 85% higher than 2019 revenue for the period.
Cash generation for the period was ahead of plan and as at 31 December 2021, access to liquidity was £345m being cash on deposit of £95m and the undrawn RCF of £250m.
It said it has “a very strong pipeline” of store openings with over 30 new stores opened in the period and 99 new stores won and due to open in its Travel division over the next three years.
Despite seeing a small impact from the Omicron variant since last month, the Group said it anticipates, subject to no further restrictions, that Travel will recover further through the spring.
shares jumped 44.44% to 0.195p as Chairman buys shares
Shares in the Greenland-focused exploration company jumped after its Executive Chairman, George Frangeskides bought 10,221,909 shares at an average price of 0.1475p for an ISA.
In total, Frangeskides spent £150,000 on the company’s shares today, Alba reported. As a result, shares in the company jumped as much as 48.15% to 0.2p during afternoon trading.
shares jump 26.92% to 0.825p as it unveils new drilling programme
The mineral exploration firm said a six hole, fully funded drilling programme will start in weeks on the Stonepark block of licences in Limerick, adjacent to the Pallas Green zinc deposit.
The company explained to investors that the drilling programme has three objectives; to extend the Stonepark North zone; to test an extension of the Carrickittle discoveries into the Southeast of the Stonepark block and three holes to test new prospects, two in the East and one in the South of the block, to target the Southern margin of the Limerick Volcanic Complex.
Arkle’s 23.44% interest in the drilling programme is worth €75,000, with the remaining 76.56% interest held by Group Eleven Resources Corp, which stands as the operator of Stonepark.
shares rise 18.18% to 0.325p following £0.25m raise
Today, the international digital chemistry data company announced that it has raised a total of £250,000 as a result of a planned open offer of 250 million shares valued at 0.1 pence each.
The open offer was announced last month, after DeepMatter raised £2.6m in a share placing with professional and institutional investors at the same price, which was at an 84% discount.
Last month, Deep Matter said it required more cash in order to invest in customer acquisition.
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