Chesterfield Resources PLC announces it has raised £800k at a price of 10p per ordinary share

Chesterfield Resources has announced that it is has raised £800k through an accelerated bookbuild process with shares placed at 10p.

Chesterfield Resources PLC announces Adeline Project to more than double in size

Chesterfield Resources has announced that it is has exercised the right to acquire a considerable number of new mineral licenses to more than double the size of its Adeline copper exploration project, in Labrador, Canada.

Chesterfield Resources PLC announces intention to acquire a substantial copper project in Canada

Chesterfield Resources has announced that it is to acquire a belt scale copper exploration project, called Adeline, in the highly-rated Labrador region of eastern Canada. The project is close to the regional service hub of Goose Bay, and in a range of major road and rail infrastructure to the coast. The vendor, Altius Minerals Corporation (together with its affiliates “Altius”) TSX: ALS, will become a strategic partner and help manage the project.

Chesterfield Resources PLC announces exploration update and large new target identified

Chesterfield Resources has announced an operational update on its Cyprus exploration project following the commencement of its integrated exploration campaign for the 2021 season.

Chesterfield Resources PLC announces the commencement of the 2021 exploration campaign

Chesterfield Resources has announced that it has commenced its 2021 mineral exploration campaign in Cyprus. The programme is to search for additional tonnages of copper, gold, silver and zinc after high-grade intercepts were assayed in February.

Chesterfield Resources PLC announces high grade drill results and commencement of enlarged 2021 exploration campaign

Chesterfield Resources has announced that is has received the results for its recent diamond drill programme on its exploration project in Cyprus. The company also announces details of its forthcoming integrated exploration programme for the 2021 season, to commence in the next few weeks.

SP Angel . Morning View

Altus Strategies* (ALS LN) 25.0p, Mkt Cap £17.5m – CEO of La Mancha joins the Board | Atalaya Mining (ATYM LN) 94.5p, Mkt Cap £123.6m –Operations resume at Proyecto Riotinto| Chesterfield Resources (CHF LN) – Cyprus lock-down forces suspension of drilling | Gem Diamonds (GEMD LN) 29.4p, Mkt Cap £39.6m – Further diamond sales | Kore Potash (KP2 LN) 0.62p, mkt cap £9.5m – EIA approval for 25 years | SolGold* (SOLG LN) 17.7p, Mkt cap £334m – SolGold honey

Morning Note – 22 April 2024

Frenkel Topping - Resilient with strong growth potential

FY 2023 was a challenging year for Frenkel with higher interest rates encouraging clients to place money into lower margin money market funds. Despite this, sales grew +32% (supported by recurring revenue +9% and +51% in non-recurring), EBIT margins remained strong at 22% and adj. EPS grew +17% (taking into account the higher number of shares). FY 2024 has seen a solid start to transactional business and there is a strong pipeline of new FUM opportunities both of which support further growth. Wi

Benefits of scale set to materialise

S&U - PBT ahead, encouraging volume trends

S&U reported FY24 PBT of £33.6m, down from £41.4m in FY23 on higher funding and regulatory costs and higher impairments in Advantage in H2. PBT was 2% ahead of our forecast as stronger revenues – up 12% to £115.4m – and better costs offset higher-than-expected impairments. Net receivables grew to a record at both Advantage and Aspen and management noted particular strength in Q4 and a good trading environment in the current year. Having absorbed a significant rise in funding cost as well as addi

LIBERUM: PayPoint: On track for £100m of EBITDA in FY 26

Hardman & Co Insight: 2023 was an annus horribilis for Quoted UK Infrastructure and Renewable Energy

The focus of Hardman & Co Research is on the nine quoted Infrastructure Investment Companies (IICs) and on the 22 Renewable Energy Infrastructure Funds (REIFs): the stocks analysed are all members of the Association of Investment Companies (AIC). We are updating our publication of January 2023, assessing both the lacklustre share price performances during 2023 and the key issues, including interest rates, inflation and power prices. As a 31-strong group, its combined market capitalisation is no

Hybridan Small Cap Feast - 22 April 2024

22nd April 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced Dish of the day Admissions: Delistings: What’s baking in the oven? ** Potential**** Initial Public Offerings: Reverse Takeovers: 16 April 2024: Electric Guitar (ELEG.L) Concurrent with its Admission to trading on AIM, Electric Guitar is proposing to acquire the entire issued share capital of 3radi

Regional REIT - Performing as expected ahead of refinancing

In a challenging market, Regional REIT’s (RGL’s) FY23 operational and financial performance was robust, in line with expectations and previous guidance. Investor focus remains on the company’s loan to value (LTV) reduction and bond refinancing plans, explored in detail in our previous note and RGL will provide an update on this in due course.

Foxtons Group (FOXT LN) - 1Q24 IMS shows real momentum

Foxtons Group plc first quarter revenue rose 9% to £35.7m (1Q23: £32.9m) with growth delivered across all business segments. Trading is in line with management's expectations.

LIBERUM: Speedy Hire: Weakness in FY 24 but recovery in FY 25

The Hardman & Co Monthly: April 2024

Feature article: Steady as she goes, but could be better: A review of investment company liquidity since 2016 Liquidity is the lifeblood of equity markets. The measurement of liquid asset availability to a market or company is a way of gauging a market’s health. This article builds on our previous work, which analysed the liquidity data for non-financial trading companies, by applying the same analytical techniques to the investment companies (IC) space. We analyse liquidity for ICs as a whol

Jupiter Green

Morning Note – 29 February 2024

Hardman & Co Insight - Asset managers had a poor 2022

Asset managers had a poor 2022: the S&P Composite 1500 Asset Management Index was down 22% and, according to the Investment Company Institute (ICI), worldwide mutual funds fell by 20%, from $76tr to $60tr. When bond and equity markets fall, the results are unlikely to be pretty: with revenues trending down and multiples contracting, there is a double whammy to contend with. So how do valuations shape up now, after a bullish start to the new year? The first chart is my favourite chart of asset m

PCI Pal - +25% FY23 revenue growth, FY24 growth of +28% reiterated

PCI Pal’s FY23 results show revenue growth of +25% to £14.9m, gross profit growth of +31% to £13.1m at a margin of 88%, and an outlook confirming robust momentum in H1 24. The FY23 results are as expected following the August trading update, and FY23 Total Annual Contract Value (TACV) is +23% yoy to £16.4m, with ARR +14% yoy to £12.6m due to £3.1m of contracts in deployment. We expect ARR will increase +35% and +31% to £17.0m and £22.2m in FY24 and FY25, as management lands and expands following