Three things you need to know in the financial markets today from investment writer, Tony Cross.
#1. Alba Mineral Resources operational update flags delays
There’s an operational update out from the gold miner Alba Mineral Resources LON:ALBA this morning noting that it has received some queries from environmental regulators regarding permits it has applied for. Whilst management see these as narrow and answerable quickly, perhaps more critically it will delay a number of other projects in the immediate area. The note suggests any hold up will be minor, but it pushes back the revenue timeline, too.
- Small Cap Stocks: UKRProduct, Braveheart, Microlise
- Small Cap Stocks: Intelligent Ultrasound, Hornby, Sondrel
#2. Dialight revenues and profits up despite ongoing supply chain woes
LED lighting play Dialight LON:DIA has full year numbers out. Revenues are 29% higher, whilst the underlying profit is up by just over 10%. Global supply chain issues are continuing to weigh but the company expects to see some alleviation here in the second half of the current financial year.
#3. Northamber inflationary pressures tip EBITDA negative
Northamber LON:NAR has half year results out this morning. The AV specialist notes revenues up by 4% YoY whilst gross margins have also managed to grow by 10bps. However inflationary pressures and adverse exchange rate movements have outweighed that gross margin uptick resulting in EBITDA moving into negative territory. Cash reserves are up and net assets are reported as being worth £24.2m, with the note claiming a NAV of 88.8p – more than double Friday’s closing Northamber share price.
