TRADING UPDATES: Power Probe trades in line; Central Asia backs view
The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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Central Asia Metals PLC - Kazakhstan and North Macedonia-focused mining company - Output in first five months of 2026 are higher on-year. Central Asia Metals says Kounrad copper production in the period improves to 5,141 tonnes from 4,953 tonnes. Sasa zinc-in-concentrate production is up at 7,566 tonnes from 7,397 tonnes, while Sasa lead output improves to 11,142 tonnes from 10,792 a year prior. ‘Average received prices for copper and zinc significantly higher than in the corresponding period of 2025,’ the firm adds. The average copper price received improved to $13,076 per tonne, surging 39% from $9,377 a year prior. Central Asia says Kounrad copper output is expected to be in line with its 12,000 to 13,000 tonnes guidance for 2026. Sasa zinc guidance of 18,000 to 20,000 tonnes and lead guidance of 26,000 to 28,000 tonnes have been maintained.
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Power Probe PLC - London-based producer of automotive electrical diagnostic tools for professional service technicians - Says trading so far in 2026 remains encouraging and ‘in line with management’s expectations’. ‘The group’s focus on Power Probe branded products and its higher margin private brands business, alongside current year pricing initiatives which have been well absorbed by the market, have supported a strong recovery in group gross margin. The planned timing of new product launches this year remains unchanged and 2026 revenues are expected to be second half weighted, in line with previous guidance,’ Power Probe adds. ‘We continue to monitor the ongoing conflict in the Middle East, however we have not experienced any material impact on our operations to date as import routes via the Pacific Ocean and Panama Canal have not suffered any significant dislocation.’
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Light Science Technologies Holdings PLC - Derbyshire, England-based agriculture technology and fire protection company - Contract electronics manufacturing arm UK Circuits & Electronics Solutions enters into manufacturing partnership with a workforce management and access control solutions provider, which serves the construction and infrastructure sectors. Light Science says: ‘As part of the partnership, UK Circuits has purchased a surface mount technology production line previously utilised by the partner, with installation and commissioning recently completed at the company’s Oldham manufacturing facility. The new SMT equipment represents a significant enhancement to one of UK Circuits’ three manufacturing lines, increasing component placement throughput by approximately 40-50% whilst also providing improved placement accuracy, greater feeder capacity and access to an upgraded software platform with enhanced functionality.’ An initial order of £70,000 has already been received from the partner. ‘In addition, the partner has indicated the potential for total orders of up to £200,000, also for the current financial year, subject to the value of transitional levels of free issue components that UK Circuits will be required to utilise to clear the partner’s remaining stocks,’ the firm adds.
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Audioboom Group PLC - London-based podcast producer - A deferred consideration of £900,000 is to be paid in connection to the buy of Adelicious Ltd, sealed in July of last year. A deferred sum of up to £3.0 million was conditional on Adelicious achieving certain revenue targets for 2025. This was to be paid on ‘sliding scale pro-rata basis should Adelicious achieve total revenue between £4.4 million and £8.0 million’, Audioboom adds. ‘The company confirms that Adelicious achieved total revenue on the above basis of £5.5 million for the calendar year ended 31 December 2025, resulting in a deferred consideration of £900,000.’ This is 30% of the maximum deferred consideration payable. In addition, no contingent consideration will be paid. This had hinged on the annual revenue share generated by a specific Adelicious podcast equalling or exceeding the £2.0 million per year minimum guarantee. ‘The company confirms that the [minimum guarantee] podcast contract has not been terminated and remains in force following completion of the acquisition. The MG podcast has been profitable post-acquisition, however, the £2.0 million per year MG threshold was not exceeded during the first 12-month period of the contract term and, accordingly, no contingent consideration is payable to the sellers of Adelicious.
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Time Out Group PLC - London-based global media and hospitality business - Time Out signs a long-term franchise agreement with Vinyl Group Ltd. The deal is related to the transition of Time Out’s media operations in Australia to Vinyl. Vinyl will buy Print & Digital Publishing Pty Ltd, the operator of Time Out Australia. In addition, it will become the ’exclusive franchise partner for the Time Out brand in Australia‘. ’The franchise agreement has an initial term of five years and provides for automatic annual renewals thereafter, subject to customary termination provisions. Under the terms of the franchise agreement, Time Out will receive ongoing royalty payments together with annual minimum guaranteed payments. Time Out will continue to provide brand support, editorial standards and strategic guidance to ensure the Time Out brand continues to serve audiences across Australia,‘ Time Out says.
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World Chess PLC - London-based chess promoter and tournament organiser - World Chess signs an agreement with International Chess Federation, or FIDE, to ’renew and significantly expand‘ a partnership. The partnership sees World Chess operate FIDE’s official online platform, worldchess.com. World Chess says: ’For the first time, qualifying online players will be able to convert their online rating into an official FIDE over-the-board rating. This opens the FIDE rating system, historically accessible only through OTB tournaments, to the very large population of serious chess players worldwide who have no realistic OTB pathway available to them, in particular in India, Latin America, Africa and South-East Asia as well as other countries.‘ World Chess says a new framework makes it the only operator and ’only official route from online play to official FIDE OTB rating‘. The deal also includes a new revenue line, conversion fees, which are set by World Chess in consultation with FIDE. This will be on top of existing subscription revenue from worldchess.com. The annual fee payable by World Chess to FIDE increases to €500,000 over an initial two-year term, a rise of €100,000 on the current sum, plus a revenue share. World Chess Chief Executive Officer Ilya Merenzon says: ’FIDE and World Chess are calling this the first rating experiment, and that is what it is - the first time in the history of the game that an official FIDE rating can be accessible to millions of players. I believe one of the next world champions will come through this route, because this is an enormous source of chess talent that has so far had no way in. For the millions of players around the world who have been playing serious chess online for years with no path into the official system, professional chess is about to open up. For World Chess, this is a major step, and one we have spent years building towards - investing in the platform, the infrastructure, and in particular the anti-cheating capability that makes a programme of this kind credible in the first place.‘
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Sure Ventures PLC - venture capital fund backing early-stage artificial intelligence, augmented and virtual reality, and internet of things companies - and Mindflair PLC - investor in artificial intelligence technology - CameraMatics raises up to €49 million as part of a funding round led by led by Blume Equity, Ireland Strategic Investment Fund and Goodbody Capital Partners. Sure Ventures notes CameraMatics is a portfolio firm held through the Sure Valley Ventures Fund 1. Sure Ventures adds: ’As part of the transaction, Sure Ventures PLC will receive total cash proceeds of €880,000 while retaining its indirect holding in CameraMatics through SVV1. The proceeds represent a significant cash realisation relative to the company’s current market capitalisation of approximately £2.8 million and, in the board’s opinion, provide further evidence of the gap between the company’s share price and the underlying value of its portfolio investments, as reflected in its NAV.‘ CameraMatics is the developer of a fleet intelligence platform. Both Sure Ventures and Mindflair note the transaction ’effectively returns SVV1’s original investment in CameraMatics‘. Mindflair expects to receive a cash inflow of €600,000, ’whilst still retaining an interest in CameraMatics via SVV1‘. Mindflair holds 24% of Sure Ventures PLC.
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Dekel Agri-Vision PLC - West Africa-focused agricultural company - Crude palm oil output in May rises 32% on-year to 4,443 tonnes from 3,369 tonnes. Sales rise 39% to 4,743 tonnes from 3,404. The average CPO price per tonne is down 0.4% to €952 from €956. Palm kernel oil output is down 21% to 214 tonnes with sales down 39% to 128 tonnes. ’With international CPO prices continuing to trade at elevated levels, market conditions remain supportive as production enters its seasonal low period. Meanwhile, the cashew operation continues to deliver stable processing and sales performance, providing a solid platform for further growth,‘ Chief Executive Officer Youval Rasin says.
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Caledonia Mining Corp PLC - operator of the Blanket gold mine in Zimbabwe - Says exploration programme at Motapa property demonstrates ’presence of significant gold mineralisation‘ in a number of zones. The results suggest an opportunity for ’Motapa to evolve into a strategic extension of the Bilboes mining complex‘. Motapa is adjacent to Bilboes in Zimbabwe. ’These promising results from Motapa demonstrate the potential to significantly enhance the long-term value of our Bilboes project. The consistent high-grade intersections at Motapa North highlight the opportunity to define a substantial resource in close proximity to the planned infrastructure at Bilboes. While our immediate focus remains the development of Bilboes, targeting first gold in Q4 2028, Motapa represents a compelling opportunity to extend mine life and increase future production across a combined mining complex,‘ Chief Executive Officer Mark Learmonth says.
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