Wishbone Gold (DI) (WSBN)

Sector:

Mining

Index:

FTSE AIM All-Share

 1.30p
   
  • Change Today:
      0.000p
  • 52 Week High: 1.95
  • 52 Week Low: 0.019
  • Currency: UK Pounds
  • Shares Issued: 91.92m
  • Volume: 0
  • Market Cap: £1.19m

Wishbone Gold sees profits improve as it proposes share reorganisation

By Josh White

Date: Thursday 19 Dec 2019

LONDON (ShareCast) - (Sharecast News) - Wishbone updated the market on its trading on Thursday, ahead of the end of its financial year on 31 December.
The AIM-traded firm said revenue in the year-to-date as at 17 December was $10.57m, which was a slight decrease of $0.32m from the previous full financial year.

It said it did expect there to be a year-on-year increase for the 12 month period ending 31 December.

Trading profit for the same period was around $57k, which was an increase of $10,715 from $46,271.

The board said the trading profit margin increased to .54% from .42% in the previous year.

Wishbone explained that it had expanded its operations in Hong Kong, and added that it was hopeful that the expansion would increase at a greater rate as the situation in the region settled.

"The company will begin operations in Europe at the end of December, which will have a positive impact on the group's turnover and profitability."

It also said it had agreed to a settlement with the Scotia Group of Companies concerning the operations in Honduras.

That included the payment to the company of $0.6m over the next six months.

The first $50k had already been paid, and there is a further payment of up to $0.4m over the next two years to be paid out of profits, if any, from the Honduran operations.

It said the plant was currently not in production.

Wishbone Gold also issued a notice of a general meeting to be held on 10 January on Thursday.

That meeting would contain a resolution to effect a capital reorganisation.

It proposed that every 100 existing ordinary shares would be consolidated, and then subdivided into one deferred share of 9.9p each and one new ordinary share of 0.1p each.

That would mean that there would be fewer shares in issue, but the proportions held by each shareholder would remain the same.

At 1627 GMT, shares in Wishbone Gold were up 9.52% at 0.023p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

WSBN Market Data

Currency UK Pounds
Share Price 1.30p
Change Today 0.000p
% Change 0.00 %
52 Week High 1.95
52 Week Low 0.019
Volume 0
Shares Issued 91.92m
Market Cap £1.19m

WSBN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
6.56% below the market average6.56% below the market average6.56% below the market average6.56% below the market average6.56% below the market average
44.83% above the sector average44.83% above the sector average44.83% above the sector average44.83% above the sector average44.83% above the sector average
Price Trend
83.82% below the market average83.82% below the market average83.82% below the market average83.82% below the market average83.82% below the market average
88.52% below the sector average88.52% below the sector average88.52% below the sector average88.52% below the sector average88.52% below the sector average
Income Not Available
Growth
35.45% above the market average35.45% above the market average35.45% above the market average35.45% above the market average35.45% above the market average
44.83% above the sector average44.83% above the sector average44.83% above the sector average44.83% above the sector average44.83% above the sector average

WSBN Dividends

No dividends found

Trades for --2020

Time Volume / Share Price
0 @ 0.000p

WSBN Key Personnel

Finance Director Jonathan Charles Harrison
CFO Clive Hyman

Top of Page