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Pin to quick picks88 Energy Share News (88E)

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EARNINGS UPDATES: Woodbois reports narrowed loss; Goodwin profit rises

Wed, 11th Aug 2021 17:29

(Alliance News) - 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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Woodbois Ltd - forestry and timber trading company focussed on Africa - Reports revenue of USD8.2 million for the six months to June 30, up from USD8.6 million posted a year earlier. The company explained that the decline was due to Covid-19 related disruption in global freight shipping sector. Pretax loss narrowed in the half-year to USD980,000 from USD4.3 million year-on-year, as operating costs reduced to USD1.5 million from USD2.3 million. In addition, finance costs reduced to USD654,000 from USD2.4 million a year ago.

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Goodwin PLC - Stoke-on-Trent, England-based engineering company - Says pretax profit for the twelve month ended April 30, was GBP16.5 million, an increase of 36% year-on-year, on revenue of GBP131 million, down from GBP145 million in financial 2020. Pretax profit rose on the back of lower cost of sales, which fell to GBP92.2 million from GBP109.7 million year-on-year. The company proposes an increased dividend of 102.24p versus 81.71p per share the year before.

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Hostelworld Group PLC - Dublin-based online booking platform - Reports net revenue of EUR2.9 million in the first half of 2021, a decline of 76% on a prior year. Net bookings decline of 73% was recorded in half year. Net booking volume was down to 300,000 from 1.1 million year-on-year, with cancellations at EUR800,000 versus EUR5.4 million in the first half of 2020. Net average booking value totalled EUR11.72 in the half-year, up from EUR9.45 a year ago, reflecting favourable geographic mix, and higher number of bed nights per booking. Pretax loss widens slightly, to EUR20.7 million from EUR18.8 million in the first half of 2020.

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Yourgene Health PLC - Manchester, England-based diagnostics products firm - Says revenue for the financial year to March 31 increased 10% to GBP18.3 million, with Covid-related revenue and strong European NIPT growth offsetting international pandemic headwinds. Total comprehensive loss widened to GBP12.2 million from GBP2.3 million, reflecting a goodwill impairment charge arising from pandemic-related challenges in Asian markets. Says, in the three months to June 30, revenue was over GBP6 million, up 80% on a prior year, driven by Covid-related services and product sales as the UK reopens.

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Condor Gold PLC - exploration and development company - Reports widened pretax loss for the six months to June 30 of GBP1.0 million versus GBP335,419 a year ago. The company records higher share-based payments, to GBP199,591 from GBP98,534 and administrative expenses were up to GBP814,269 from GBP735,676. In addition, there was a non-repeat of GBP477,616 gain recorded in the first half of 2020 on disposal of project. "Condor made significant advances during the 6-month period at the fully permitted La India project," notes Chair & Chief Executive Mark Child.

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Atalaya Mining PLC - Cyprus-based miner - Says it increased earnings before interest, tax, depreciation and amortisation to EUR99.4 million in the six months to June 30 from EUR22.1 million a year before. Cash flows from operating activities rose to EUR71.0 million from EUR23.0 million year-on-year as a result of robust operational performance at Proyecto Riotinto, combined with strong copper prices. Revenue in the half-year grew to EUR197.1 million from EUR117.7 million a year earlier, with pretax profit jumping to EUR43.9 million from EUR4.5 million.

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88 Energy Ltd - Alaska-focused oil exploration and appraisal company - Swings to profit of AUD445,446, about GBP236,967, in the six months to June 30 compared to AUD4.0 million loss posted a year ago. The profit was largely attributable to the sale of tax credits above their fair value. Income jumps to AUD4.3 million from AUD75,860 a year prior. Net assets totalled AUD94.5 million, up from AUD58.9 million at the end of 2020, with the significant increase in net assets being largely due to the repayment of debt and shares to be issued in relation to the APDC transaction which were classified as liability.

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By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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8 Jan 2024 16:15

UK shareholder meetings calendar

Tuesday 9 January 
Agriterra LtdAGM
DX Group PLCGM re acquisition by HIG Capital funds
GENinCode PLCGM re fundraise
Leeds Group PLCGM re sale of subsidiary Hemmers-Itex
Smart Metering Systems PLCGM re acquisition by KKR funds
Wednesday 10 January 
Hummingbird Resources PLCGM re share placement
Ironveld PLCAGM
Reabold Resources PLCGM re appointment of new directors
Safestyle UK PLCEGM re approve winding up of company
Scirocco Energy PLCGM re proposed disposal of interests in Energy Acquisitions Group Ltd
Versarien PLCGM re capital reorganisation
Thursday 11 January 
Pennpetro Energy PLCAGM
R&Q Insurance Holdings LtdGM re sale of Accredited to Onex Corp
Ten Entertainment Group PLCGM re takeover by Trive funds
Friday 12 January 
Ashington Innovation PLCAGM
Dukemount Capital PLCAGM
Monday 15 January 
88 Energy LtdGM re fundraising
Mondi PLCGM re special dividend
SRT Marine Systems PLCGM re fundraising
Strip Tinning Holdings PLCGM re fundraising
  
Copyright 2024 Alliance News Ltd. All Rights Reserved. 

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15 Dec 2023 16:58

TRADING UPDATES: 88 Energy expands Texas footprint with acquisitions

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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15 Dec 2023 11:26

88 Energy secures new Texas acreage

(Sharecast News) - 88 Energy announced the acquisition of additional oil and gas production assets in the Texas Permian Basin on Friday, marking a significant expansion of its regional footprint.

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5 Dec 2023 20:01

EARNINGS AND TRADING: Lowland Investment NAV falls but dividend hiked

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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29 Nov 2023 14:30

EARNINGS AND TRADING: Northern Bear boosts profit, Esken loss widens

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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28 Nov 2023 16:53

TRADING UPDATES: Upland Resources completes technical study at Sarawak

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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13 Nov 2023 21:58

TRADING UPDATES: 88 Energy signs farm-in deal with Monitor Exploration

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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6 Nov 2023 17:07

IN BRIEF: 88 Energy pleased with maiden contingent resource estimate

88 Energy Ltd - Alaska-focused oil and gas company based in Subiaco, Western Australia - Says the maiden independent contingent resource estimate has been completed at Project Phoenix for the Basin Floor Fan reservoir. Reports a gross best estimate contingent resource of 250 million barrels of oil equivalent from the deepest reservoir encountered in Hickory-1. Explains that contingent resources were defined on the basis of multiple successful flow tests conducted in the BFF reservoir on adjacent acreage and clear reservoir continuity demonstrated through high quality seismic data.

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31 Oct 2023 19:04

TRADING UPDATES: CPP reports new business wins for Blink division

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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30 Oct 2023 14:15

IN BRIEF: 88 Energy gears up for Phoenix reservoir resource estimate

88 Energy Ltd - Alaska-focused oil and gas company based in Subiaco, Western Australia - Appoints independent consultants Netherland, Sewell & Associates, Inc to conduct a contingent resource estimate on the Basin Floor Fan reservoir at Project Phoenix on Alaska's Central North Slope. News follows Pantheon Resources PLC declaring a significant contingent resource for the Lower BFF reservoir. 88 says BFF was the deepest hydrocarbon-bearing pay zone intersected during drilling and logging of the Hickory-1 exploration well. Says NSAI's assessment, based on results from Hickory-1 and nearby offset wells, may lead to Hickory-1 being confirmed as a discovery. NSAI has starting reviewing and integrating existing data from all reservours.

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12 Oct 2023 16:14

TRADING UPDATES: 88 Energy targets flow test for Phoenix in 2024

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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21 Sep 2023 12:12

TRADING UPDATES: Faron appoints Birge Berns as interim medical officer

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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8 Sep 2023 10:54

88 Energy narrows loss, draws on cash balance for Hickory project

(Alliance News) - 88 Energy Ltd on Friday said it reduced its interim loss in part from reduced exploration impairments, and it is optimistic about scheduled tests in Alaska.

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30 Aug 2023 18:37

IN BRIEF: 88 Energy completes shortfall offer placement

88 Energy Ltd - Alaska-focused oil explorer - Completes shortfall offer placement from the non-renounceable rights issue at an issue price of AUD0.006 per share. The rights issue closed on August 22 with the company issuing around 553 million new shares. As a result of the strong inbound demand received from other investors during the rights issue and subsequent shortfall offer process, company has received firm commitments to place in full all new shares not taken up in the rights issue, representing around 1.46 billion shares.

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29 Aug 2023 10:45

88 Energy completes rights issue, announces GBP5 million placing

(Alliance News) - 88 Energy Ltd on Tuesday said it completed its latest rights issue and proposed a placing of over one billion shares to fund its exploration activity.

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