Trading Updates Of 4 AIM listed Stocks: WRES, EQT, RBD, GHE

W Resource Plc

AIM-Listed W Resource Plc is engaged in exploration, production and development of Tungsten metal, through its subsidiaries. Its shares got listed as on November-04-2004 on the Alternative Investment Market, a sub-market of the London Stock Exchange for trading.

WRES-Recent developments

On 16th September 2019, the company made an announcement regarding the placement of 185,511,200 common shares to couple of Spanish investors at a unit price of 0.5 pence to raise approximately €1,000,000. This move will not only provide additional working capital to the company but also increase regional support for the company.

WRES-Financial highlights for FY18 period ended 31st December 2018

During the year, the company’s revenue was recorded at £196 thousand against nil revenue in FY17. Operating loss (before exceptional items), during the period, surged to £806 thousand against a loss of £711 thousand recorded in the year-ago period. However, Operating loss (after exceptional items) stood at £658 thousand in FY18 as against £711 thousand recorded in the year-ago period. Pre-tax loss surged to £4,119 thousand from a loss of £732 thousand recorded in the FY17 period, driven by a sharp increase in the finance costs, exchange losses and Impairment charges. Net loss for the financial year 2018 stood at £4,051 thousand. Per Share basic loss stood at 0.07 pence against a loss of 0.02 pence in FY17.

During the year, the Junta de Extremadura Government in Spain awarded a grant of €5.3 million to W Resources’. Also, the group completed the layout design, engineering, and procurement for the La Parrilla mine and completed the installation of power, water, road, warehouse and office facilities.

At Regua and Tarouca, Tungsten, Portugal, the group awarded land access and approval including the purchase of 20.3 hectares of land covering the main area of the Regua mine and extended Régua Trial Mine Licence till June 19, 2020.

WRES-Share price performance

Daily Chart as on 17-September-19, before the market close (Source: Thomson Reuters)

At the time of writing, on 17th September 2019, (before the market close, at 12.40 pm GMT), W Resource Plc shares were clocking a CMP of GBX 0.395. Fifty-two weeks High/Low of the stock are GBX 0.624/GBX 0.355. Stock’s average traded volume for 5 days was 18,503,729.20; 30 days – 21,445,730.80 and 90 days – 16,629,403.49. The traded volume (average) for 5 days plunged by 13.72 per cent in comparison to traded volume(average) of 30 days. The company’s stock beta was negatively corelated as compared with the benchmark index. W Resource Plc’s market capitalisation was around £24.26 million at the time of writing.

EQTEC Plc

EQTEC Plc (EQT) is a UK based technology solution company. The company with its technology converts waste into gas to run energy projects. The company is specialising in advanced gasification technology for industrial size power plants. The group is focussed on finding innovative measures to reduce increasing global waste and convert it into synthetic gas, which can be used to power turbines and generate electricity. EQTEC is known for its advanced modular gasification technologies offering higher efficiency as compared to the competitors. The company helps project developers in the construction of waste disposal plants with higher profitability margins.

EQT- Recent developments

The company has witnessed a change of leadership. The company’s CEO, Mr. Ian Price has decided to step down with immediate effect. Mr. David Palumbo has been appointed as the new CEO of the company. He has rich experience in advisory, asset management and private equity.

EQT- Financial highlights for FY18

The company’s revenue was recorded at €2.2 million for the year ended 31st December 2018 as against €20 thousand in HY17. The company incurred a loss of €8.2 million (which included one-off impairment costs) for the period in FY18 as against a loss of €6.0 million in HY17. The company’s net debt was recorded at €5.5 million as at 31st December 2018 against €2.7 million as at 31st December 2017. The company had cash and cash equivalents of €463,414 as at 31st December 2018 against €1,804,943 at 31st December 2017. The company has planned to reduce its debt by means of an equity swap. Post this transaction, the company is liable to pay a sum of €2.1 million in full along with interest component (accrued) by the end of July 2020.

EQT-Share price performance

Daily Chart as on 17-September-19, before the market close (Source: Thomson Reuters)

At the time of writing, on 17th September 2019, (before the market close, at 12.44 pm GMT), EQTEC Plc shares were clocking a CMP of GBX 0.22. Fifty-two weeks High/Low of the stock are GBX 1.84 /GBX 0.18. Stock’s average traded volume for 5 days was 5,478,087.80; 30 days – 14,674,863.17 and 90 days – 31,932,928.78. The traded volume (average) for 5 days plunged by 62.67 per cent in comparison to traded volume (average) of 30 days. The company’s stock beta stood at 1.74, which meant 74 per cent more volatility in comparison with the benchmark index. EQTEC Plc market capitalisation was around £6.53 million at the time of writing.

Reabold Resources PLC

Reabold Resources PLC (RBD) is a British company which emphasises investments in upstream oil & gas projects. The company has many projects across the United Kingdom.

RBD-Recent developments

The company has decided to increase its stake in Danube Petroleum to 41.6 per cent. Danube Petroleum incurred a loss of £84,543 for the period ended 31st December 2018. Danube Petroleum recorded net assets of £5.54 million for the period ended 31st December 2018.

RBD-Financial highlights for FY2018

The company incurred a loss of £1,949,000 for FY18 as against a loss of £1,152,000 in FY17. The company managed to generate revenues of £194,000 from its assets (California) in FY18 and recorded a gross profit of £111,000 during the year. The company’s administration costs surged to £939,000 in FY18 from £443,000 in FY17. This rise in administration costs can be attributed to rise in executive remuneration, legal fees, brokerage and investor relations fees. The company’s net cash outflow from continuing operations excluding working capital changes was £940,000 in FY18 as against cash outflow of £449,000 in FY17. The company’s cash and cash equivalents stood at £7,112,000 at 31st December 2018 as against £5,307,000 by the end of FY17. The company’s total net assets were valued at £19,313,000 at 31st December 2018 as against £5,732,000 by the end of FY17.

RBD-Share price performance

Daily Chart as on 17-September-19, before the market close (Source: Thomson Reuters)

At the time of writing, on 17th September 2019, (before the market close, at 12.50 pm GMT), Reabold Resources PLC shares were clocking a CMP of GBX 1.25. Fifty-two weeks High/Low of the stock are GBX 1.75 /GBX 0.51. Stock’s average traded volume for 5 days was 11,797,149.40; 30 days – 25,984,112.47 and 90 days – 25,954,740.19. The traded volume (average) for 5 days plunged by 54.60 per cent in comparison to traded volume (average) of 30 days. The company’s stock beta stood at 0.67, which meant 33 per cent less volatility in comparison with the benchmark index. Reabold Resources PLC market capitalisation was around £50.68 million at the time of writing.

Gresham House Plc

Gresham House plc (GHE) is an asset management company which deals in alternative investments securities. The company specialises in strategic public, private equity (private assets), housing, timber, renewable energy and infrastructure. The company looks forward to developing a platform for product development and distribution.

GHE-Financial highlights for H1 FY19

On 16th September 2019, the company declared half yearly results for the period ended 30th June 2019. The company’s assets under management surged to £2.5 billion as at 30 Jun 2019, strongly driven by organic growth. The company’s adjusted operating profit stood at £4.4 million in H1 FY19 as against £0.4 million in H1 FY18. The company’s operating margin (adjusted) improved to 29 per cent in H1 FY19 as against 8 per cent in H1 FY18. The company became debt free as it fully repaid £10.0 million debt in July 2019. A maiden dividend of 3 pence per share was paid by the company in H1 FY19.

GHE-Share price performance

Daily Chart as on 17-September-19, before the market close (Source: Thomson Reuters)

At the time of writing, on 17th September 2019, (before the market close, at 12.54 pm GMT), Gresham House plc shares were clocking a CMP of GBX 578. Fifty-two weeks High/Low of the stock are GBX 640 /GBX 430. Stock’s average traded volume for 5 days was 26,209.80; 30 days 22,078.57 and 90 days – 67,288.33. The traded volume (average) for 5 days surged by 18.71 per cent in comparison to traded volume (average) of 30 days. The company’s stock beta stood at 0.31, which meant 69 per cent less volatility in comparison with the benchmark index. Gresham House plc market capitalisation was around £156.43 million at the time of writing.