3 Companies Rising on Good News for Thursday 27th April 2023
Episode 1371, Apr 27, 2023, 11:59 AM
3 Companies Rising on Good News for Thursday 27th April 2023
1. Kropz #KRPZ - Phosphate project sales update & further drawdown
Kropz announce further sales of 43,886 tonnes of phosphate concentrate from Kropz Elandsfontein during April 2023. The Company is pleased to be able to report this continuation of sales and expects to update the market quarterly going forwards as sales continue.
As announced on 14 March 2023 the Company had entered into new bridge loan facilities of ZAR 285 million with its major shareholder, the ARC Fund, to meet immediate cash requirements at Elandsfontein.
2. Engage XR Holdings #EXR - Trading Update & Notice of Results
The Group's Q1 2023 trading has been in line with the Board's expectations, with strong revenue growth in the period.
Following the successful launch of ENGAGE Link, the Group's fully featured corporate metaverse in November 2022, the Group has seen encouraging engagement with enterprise customers, and Q1 2023 has delivered revenue up approximately 40% compared to the equivalent period last year.
The Group 's net cash position as at 31 March 2023 was €10.8m. Further details will be provided at the time of the publication of the Group's final results for the 12 months ended 31 December 2022, which are expected to be announced on 23 May 2023.
3. Barclays #BARC - 1st Quarter Results
Q123 Performance highlights:
Group attributable profit was £1.8bn and RoTE was 15.0%, with all operating divisions delivering double-digit returns
Group income was £7.2bn, up 11% year-on-year, with diverse sources of growth across the Group as well as the benefit from USD appreciation:
Tangible net asset value (TNAV) per share of 301p, increased 6p since December 2022
1. Kropz #KRPZ - Phosphate project sales update & further drawdown
Kropz announce further sales of 43,886 tonnes of phosphate concentrate from Kropz Elandsfontein during April 2023. The Company is pleased to be able to report this continuation of sales and expects to update the market quarterly going forwards as sales continue.
As announced on 14 March 2023 the Company had entered into new bridge loan facilities of ZAR 285 million with its major shareholder, the ARC Fund, to meet immediate cash requirements at Elandsfontein.
2. Engage XR Holdings #EXR - Trading Update & Notice of Results
The Group's Q1 2023 trading has been in line with the Board's expectations, with strong revenue growth in the period.
Following the successful launch of ENGAGE Link, the Group's fully featured corporate metaverse in November 2022, the Group has seen encouraging engagement with enterprise customers, and Q1 2023 has delivered revenue up approximately 40% compared to the equivalent period last year.
The Group 's net cash position as at 31 March 2023 was €10.8m. Further details will be provided at the time of the publication of the Group's final results for the 12 months ended 31 December 2022, which are expected to be announced on 23 May 2023.
3. Barclays #BARC - 1st Quarter Results
Q123 Performance highlights:
Group attributable profit was £1.8bn and RoTE was 15.0%, with all operating divisions delivering double-digit returns
Group income was £7.2bn, up 11% year-on-year, with diverse sources of growth across the Group as well as the benefit from USD appreciation:
Tangible net asset value (TNAV) per share of 301p, increased 6p since December 2022