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Sparks Team
17 August 2018 · 2 min read

BlackRock Emerging Europe (BEEP); board proposes voluntary liquidation

Stock flat at 316.5p at 8:15

BEEP’s board proposes to put the company into voluntary liquidation. It also proposes to offer shareholders the option of receiving cash at net asset value less costs or rolling over their investments into new C shares of BlackRock Frontiers Investment Trust (BRFI).

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Sparks Team
17 August 2018 · 1 min read

Regional REIT (RGL); acquires a portfolio of eight offices for £31.4m

Stock up 0.48% to 95.36p at 8:08

RGL announced purchase of a portfolio of eight offices totalling ~275,000 sq ft for a consideration of £31.4m. These properties are let to 24 tenants, and should provide a net income of approximately £2.81m annually (net initial yield of 8.66%).

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Sparks Team
16 August 2018 · 2 min read

Pan African Resources (PAF); announces inaugural gold pour at Elikhulu retreatment plant

Stock down 0.40% to 07.45p at 8:04

PAF announced the inaugural gold pour at its Elikhulu tailings retreatment plant (‘Elikhulu’ or ‘the project’). After commissioning (estimated by September 2018), the plant is expected to produce ~55,000oz of gold annually (operational life – 14 years), at an all-in sustaining production cost between USD650/oz and USD700/oz.

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Sparks Team
16 August 2018 · 1 min read

Amur Minerals (AMC); drilling programme remains well advanced

Stock up 0.79% to 03.85p at 8:10

AMC provided a drilling update in relation to its 2018 drill programme at its wholly owned Kun-Manie nickel copper sulphide project. A total of 48 diamond core drill holes (7,457.4 metres) were completed in July, bringing the total drilling until July to 114 drill holes containing a total of 16,558.3 metres (82% of the 20,300 planned metres).

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Sparks Team
16 August 2018 · 3 min read

7digital Group (7DIG); FY 2017 results: revenue up 50% to £16.80m

For the full year ended 31 December 2017, 7DIG’s revenue increased 50% to £16.80m (2016: £11.21m). Sales momentum also improved with licensing revenue up 74% at £11.61m (2016: £6.67m).

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Sparks Team
16 August 2018 · 3 min read

Abzena (ABZA); Astro Bidco (BidCo) to acquire ABZA for £34.4m on an all cash offer

Stock up 150.00% to 15.00p at 8:09

ABZA has announced that it has reached an agreement with BidCo, a wholly owned company by WCAS Fund, on a recommended all cash offer to be made by the latter for all of the issued share capital of the former. This acquisition values the entire issued share capital of ABZA at approximately £34.4m on a fully diluted basis.

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