Top 5 Most Read RNS's on Vox Markets for Tuesday 16th May 2023

Episode 1424,   May 16, 07:18 AM

Top 5 Most Read RNS's on Vox Markets for Tuesday 16th May 2023

1. boohoo group #BOO - Final results for the year ended 28 February 2023

Revenue £1.769 billion, down 11% vs last year, and up 43% on 2020

Adjusted EBITDA of £63.3 million, down 49%, with Adjusted EBITDA margin of 3.6%

Free cash flow of £30.2 million as a result of significant inventory and working capital improvements (2022: -£251.2 million) £5.9 million net cash and a £325 million Revolving Credit Facility, giving £331 million of liquidity headroom.


Maginito (Mkango 90%; CoTec 10%) to increase ownership in HyProMag from 42% to 100% for £1 million (C$1.69 million) in cash and £1 million (C$1.69 million) in Mkango shares, and a further £3 million (C$5.07 million) payable in four tranches of Mkango common shares subject to production and other milestones in the UK, Germany and US.

Access to highly energy efficient, patented Hydrogen Processing of Magnet Scrap ("HPMS") technology.

3. Canadian Overseas Petroleum #COPL - First Quarter 2023 Financial Results

The Company's average crude oil sales before royalties averaged 974 bbls/d as compared to 1,177 bbls/d in the fourth quarter of 2022.

Petroleum sales, net of royalties were $5.2 million as compared to $6.7 million in the fourth quarter of 2022.

The operating netback was $17.19/bbl, before the net realized gain on crude oil and butane commodities contracts as compared to $23.38/bbl, in the fourth quarter of 2022.

4. Seeing Machines #SEE - Exclusive Agreement Signed with Collins Aerospace

Exclusive licence to jointly develop pioneering eye-tracking solutions for the Aviation industry

Seeing Machines to receive a licence payment of US$10 million, over three years, as part of the Agreement

Collins Aerospace is the world's largest Tier 1 Avionics company

5. Oracle Power #ORCP - MOU for 1.32 GW coal power plant – Thar Block VI

Oracle Power has signed a Memorandum of Understanding for the off-take and development of its 1.32 GW Thar coal fired power plant in the Sindh Province, Pakistan, with the following consortium parties (together, the "Parties"):

· Energy Department, Government of Sindh ("Sindh Government" or "SEM")

· Thar Electricity (Private) Limited ("TEPL"), a 100% owned subsidiary of Oracle Power

· K-Electric Limited ("KE"), the largest privately owned vertically integrated power utility in Pakistan

· PowerChina International Group Limited