MOVERS OF WEDNESDAY 17 MARCH 2021

Ferrexpo (FXPO) Shares rose 2.65% to 364.4 pence as sales rose 13%

Iron ore pellet maker FTSE 250 released its annual results for the twelve months ended December 31, 2020, in which the group saw sales jump 13% to $ 1.7 billion, reflecting rising production volumes and depletion of inventories in the first half of the year 20 is due.

Underlying earnings increased 46% from $ 586 million in fiscal 19 to $ 859 million. The group, which expects production levels to increase from 2020, has also proposed a special dividend.

In relation to the strong performance in 2020 and the transition to net cash position and the continued healthy iron ore prices, another special interim dividend of 39.6 US cents is proposed, bringing the dividends paid in 2020 to 72.6 US cents ( FY 19: 19.8 US cent) cents).

FXPO price chart

B90 Holdings (B90) Shares rose 167.37% to 12.7p as trading on AIM resumed

Shares in the company, which operates in the gambling industry, rose sharply on Wednesday after the group returned to AIM after a suspension and released a fundraiser and results for 2020.

The company said it had raised EUR 1.84 million (that’s around £ 1.58 million). The proceeds will allow the company to focus on new product launches and expand its geographic presence. as well as entering into new marketing agreements for the existing markets.

B90 published results for the half-year ended June 30, 2020, which stated that sales had decreased from EUR 0.52 million in the first half of 19 to EUR 0.321 million, mainly due to the effects of the pandemic, which had lifted the vast majority of sporting events worldwide.

The group completed the acquisition of the remaining 49% of Quasar Holdings Ltd. which 100% owns Bet90 Sports Limited, resulting in a full stake in Bet90 Sports Limited.

Paul Duffen, Executive Chairman of B90, commented on the group’s half-year results: “2020 started as planned and completed the acquisition of 49% of the issued share capital of our Bet90 Sports Ltd subsidiary, which was not previously owned by the group. ”

B90 added that while the funds raised provide additional working capital and strengthen the balance sheet, it still relies on managing its creditors.

B90 price list

Kodal Minerals (KOD) Shares are up 23.21% to 0.172 pence after converting the final $ 0.2 million loan agreement

The mineral exploration and development company rose after it was announced that it received final loan conversion under an unsecured $ 1.5 million convertible loan agreement with Riverfort Global Opportunities PCC Ltd and YA II PN Ltd starting July 2020 .

Investors have chosen to convert a total of $ 0.2 million (equivalent to £ 0.144 million) into 168,489,949 new shares of common stock at 0.03125 pence each in Kodal at a price of 0.08556 pence.

The Company is expected to use a portion of the proceeds to develop its Bougouni Lithium Project in West Africa, where it is currently awaiting an application for a mining license.

According to a report by Benchmark Mineral Intelligence, lithium prices in China continue to rise sharply due to strong demand for lithium iron phosphate (LFP) batteries.

Benchmark’s mean lithium carbonate mean for mid-March shows that lithium has increased 88% since the start of the year to over USD 12,600 per ton, its highest level since March 2019.

KOD price chart

Biome Technologies (BIOM) Shares rose 21.95% to 255p to secure further funding

The tech company announced that its bioplastics business has received £ 0.248 million to further develop the commercial production of its biodegradable tree protection project.

Further funding, provided by the government-backed agency Innovate UK as part of the Sustainable Innovation Fund, follows the successful completion of an initial feasibility study to develop and test a new generation of biodegradable tree shelters.

The funds will support a significant increase in project activity and enable further extensive laboratory testing of materials and UK field trials with potential end customers for the biodegradable tree shelter to be made from the group’s novel bioplastics.

Commenting on the funding, Paul Mines, Chief Executive Officer of Biome Technologies, said: “This additional funding will help accelerate laboratory and” real-world “testing of this exciting new product and bring it one step closer to large-scale commercialization. “

BIOM price chart

Hammerson (HMSO) Shares fell 7.87% to 38.38 pence after their biggest loss ever

The European real estate company’s shares fell on Wednesday afternoon, despite the group’s shares up over 66% since the start of the month.

The group recently posted a massive £ 1.73 billion loss for 2020 versus a previous loss of £ 779 million in 2019 after the group’s properties fell in value and rental income fell.

The company’s shares rose yesterday after it announced its plans to remodel a former Debenhams flagship in Leicester with 300 residential units, all of which will be available for rent.

“External factors are key to recovery from the pandemic, with the effective delivery of vaccination programs at the center. Nevertheless, the retail and investment markets will take some time to recover as the restrictions are lifted, “the group told investors in its outlook.

HMSO price chart

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