Cineworld Group (CINE) shares ticked up 5.23% to 42.48p following a strong December
On Friday, Cineworld, which operates as the second largest cinema exhibitor globally, told investors that performances and attendances had grown, resulting in steady revenue growth.
The Company hailed the December 2021 period as “particularly strong”, supported by the success of “Spider-Man: No Way Home” in all territories, which became the first film to gross more than 1.5 billion dollars at the box office since the onset of the COVID-19 pandemic.
BlueRock Diamonds (BRD) shares jump 47.46% to 43.5p as production levels soar
The diamond producer, which operates the Kareevlei Diamond Mine in South Africa, reported significantly higher production and grade levels, as well as a 41% increase in its carats sold.
Executive Chairman, Mike Houston, said that despite the many challenges faced during 2021 that the market has remained buoyant throughout the year with prices returning to levels above those of 2019 resulting in revenue more than doubling in 2021 compared with 2020.
The Group anticipates 1Q22 production to be materially higher than compared with 1Q21 (Q1 2021: 86,005 tonnes sorted). The Company said it has around 2,200 carats for sale in January, which includes two larger stones of 8.9 and 6.8 carats valued at over USD50k each.
Tintra (TNT) shares jump 20.83% to 290p as it expects to receive $1m in proceeds
In an update released this morning, the company confirmed to investors that it expects to receive $1 million in cleared funds this week, the first part from its recent funding round.
The banking technology firm will receive the proceeds from Cap-Meridian Ventures Ltd, a global investment arm of Omar Mangalji and the Canadian Mangalji family. The funds will be used to develop Tintra’s
fintech payments business, as well as for general working capital.
The Brighton Pier Group (PIER) shares rose 17.01% to 86.5p following ‘robust’ performance
The UK entertainment business reported a strong start to the 26-week period to 26 December 2021 which the Company said “continued to deliver an extremely robust performance.”
Whilst there was some impact in December due to COVID-19 restrictions, the Group said that over the New Year period the bars had recovered their momentum, trading 9 % up on 2019.
It said strong cash flow generation is expected to enable the Group to pay down £7.7m of debt, reducing borrowings 38% by the end of June 2022. The Group believes it is in a strong position to deliver a good result for the year, ‘comfortably’ in line with market expectations.