3 Companies Rising on Good News for Tuesday 30th May 2023
Episode 1461, May 30, 2023, 11:17 AM
3 Companies Rising on Good News for Tuesday 30th May 2023
1. Empire Metals #EEE - Giant Cu & Ti Mineral System Confirmed at Pitfield
Empire Metals announce that results from the Company's maiden Reverse Circulation drill programme at the Pitfield Project, located in Western Australia, have confirmed the presence of a giant-scale hydrothermal mineral system enriched in titanium and copper.
2. RHI Magnesita #RHIM - Response to intended partial cash offer
The Board of RHI Magnesita notes the announcement today by Rhône Capital L.L.C. of its intention to acquire, in cash, shares representing 20% of the issued and outstanding share capital in the Company for a price of £28.50 per share.
The Board is considering its response to the partial offer and a further announcement will be made in due course.
3. Malvern International #MLVN - Trading Update
Malvern International the global learning and skills development partner, says the student intake for University Pathways in September 2023 is expected to be well ahead of the September 2022 intake (c.245 students) and management's budget, based on deposits.
English Language Training and Juniors
Based on the current booking levels, student intake for the Language In Action junior programmes in 2023, is expected to be in excess of 2,000 (2022: 976 students). As a result, 2023 revenue from the Junior division is expected to be in excess of £3m (2022: c£1.35m).
The Board is confident for Malvern's prospects and expects to achieve growth in all divisions in 2023.
1. Empire Metals #EEE - Giant Cu & Ti Mineral System Confirmed at Pitfield
Empire Metals announce that results from the Company's maiden Reverse Circulation drill programme at the Pitfield Project, located in Western Australia, have confirmed the presence of a giant-scale hydrothermal mineral system enriched in titanium and copper.
2. RHI Magnesita #RHIM - Response to intended partial cash offer
The Board of RHI Magnesita notes the announcement today by Rhône Capital L.L.C. of its intention to acquire, in cash, shares representing 20% of the issued and outstanding share capital in the Company for a price of £28.50 per share.
The Board is considering its response to the partial offer and a further announcement will be made in due course.
3. Malvern International #MLVN - Trading Update
Malvern International the global learning and skills development partner, says the student intake for University Pathways in September 2023 is expected to be well ahead of the September 2022 intake (c.245 students) and management's budget, based on deposits.
English Language Training and Juniors
Based on the current booking levels, student intake for the Language In Action junior programmes in 2023, is expected to be in excess of 2,000 (2022: 976 students). As a result, 2023 revenue from the Junior division is expected to be in excess of £3m (2022: c£1.35m).
The Board is confident for Malvern's prospects and expects to achieve growth in all divisions in 2023.