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Pin to quick picksActive Energy Share News (AEG)

Share Price Information for Active Energy (AEG)

London Stock Exchange
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Share Price: 0.21
Bid: 0.17
Ask: 0.25
Change: 0.00 (0.00%)
Spread: 0.08 (47.059%)
Open: 0.21
High: 0.21
Low: 0.21
Prev. Close: 0.21
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AIM WINNERS & LOSERS: Barkby surges as mulls subsidiary sale

Mon, 11th Sep 2023 10:32

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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AIM - WINNERS

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Barkby Group PLC, more than double at 6.77 pence, 12-month range 2.30p-11.38p. The investor in roadside property and in consumer and life sciences companies says its subsidiary Cambridge Sleep Sciences is in advanced negotiations with "several household names" for multi-year enterprise licensing deals for its SleepEngine technology. At the same time, Barkby said it is considering options to sell CSS. "We expect CSS to become a significant business in its own right and the purpose of the strategic review is to evaluate the most appropriate corporate setting and structure for the company to allow it to develop its full potential as well as what is in the best interests of Barkby's shareholders," Barkby Executive Chair Charles Dickson says. There can be no certainty that an offer or sale will be made for CSS, the company adds.

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AIM - LOSERS

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Sportech PLC, down 48% at 50.55p, 12-month range 12.00p-183.00p. The US-focused gambling operator says it wants to de-list from the AIM market in London, citing "significant burdens", both financial and non-financial, of maintaining a public listing. Also reports half-year results. Pretax loss from continuing operations in the six months that ended June 30 was GBP304,000, narrowing from GBP802,000 a year before, as revenue rose by 7.7% to GBP13.5 million from GBP12.6 million. Sportech credits a focus on margins for the narrowed loss. Adjusted earnings before interest, tax, depreciation and amortisation rises to GBP900,000 from GBP400,000. "Despite delivering improving operational results announced today, the substantial financial cost associated with maintaining a public listing, given our current scale, and the increasing volatility in the market valuation is adversely impacting net returns and future prospects," Executive Chair Richard McGuire explains.

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Active Energy Group PLC, down 10% at 4.99p, 12-month range 3.80p-7.50p. The biomass-focused renewable energy company says its CoalSwitch manufacturing facility in Ashland, Maine, will not be completed by the end of the third quarter of 2023. Active Energy says operations at the facility are now expected to begin in November, as well as the production of the biomass fuel, CoalSwitch. The hold-up is due to a delay in the receipt of "key components and associated equipment", Active Energy says. CEO Michael Rowan adds: "The delay in completion of the Ashland Facility is obviously disappointing news for the CoalSwitch program."

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By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
22 Nov 2018 12:23

Active Energy Shares Suspended To Clarify Timber Permits Approval (ALLISS)

LONDON (Alliance News) - Shares in Active Energy Group PLC were suspended from trading on AIM on Thursday pending clarification of whether or not it has been issued commercial timber permits in a

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1 Nov 2018 12:44

Active Energy Looking For Directors After Managing Director Steps Down

LONDON (Alliance News) - Active Energy Group PLC said Thursday it is searching for new directors after Richard Spinks left the company's board to focus on his other business was the renewable

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15 Oct 2018 10:40

Active Energy Shares Rise On Partnership With Georgia Renewable Power

LONDON (Alliance News) - Active Energy Group PLC on Monday said it formed a joint venture with Georgia Renewable Power LLC to install CoalSwitch facilities at three biomass-to-energy power plants

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15 Oct 2018 08:54

Active Energy to install CoalSwitch facilities across the US

(Sharecast News) - AIM-quoted renewable energy outfit Active Energy has entered into a joint venture agreement with Georgia Renewable Power that will see the pair install CoalSwitch facilities across the US.

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8 Oct 2018 12:48

Active Energy Amends Forestry Management Agreement Application

LONDON (Alliance News) - Active Energy Group PLC said Monday that it amended its application for the Crown Timber licence and forestry management agreement with the Canadian government after were

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5 Oct 2018 15:09

Active Energy Issues 4.1 Million Shares Following Loan Conversion (ALLISS)

LONDON (Alliance News) - Active Energy Group PLC said on Friday that a holder of convertible loan notes has converted 150,000 notes into 4.1 million shares in the company.Following this now

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28 Sep 2018 14:48

Active Energy Loss Expands As It Focuses On Commercialisation

LONDON (Alliance News) - Active Energy Group PLC on Friday reported a wider loss as it focuses on the commercialisation of its products.The renewable energy business said its operating loss

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28 Sep 2018 11:28

Friday broker round-up

(Sharecast News) - Huntsworth: Berenberg reiterates buy with a target price of 150p.

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12 Sep 2018 12:40

Active Energy Crown Timber Application Still Under Final Review

LONDON (Alliance News) - Active Energy Group PLC said Wednesday that its application for the Crown Timber licence and forestry management agreement with the Canadian government is still under the

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13 Jun 2018 10:58

WINNERS & LOSERS SUMMARY: Just Eat Drops As Deliveroo Plans Expansion

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - up 2.3%. The miner reported that subsidiary a

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17 May 2018 11:20

Active Energy To Buy Forestry Assets In Canada, Shares Rise

LONDON (Alliance News) - Shares in Active Energy Group PLC rose Thursday as it signed a memorandum of understanding to acquire a controlling stake in PowerWood Canada Corp, which holds multiple in

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28 Nov 2016 10:35

WINNERS & LOSERS SUMMARY: Fear Of Italian 'No' Vote Weighs On Banks

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7 Nov 2016 12:07

DIRECTOR DEALINGS: Active Energy Chief Executive Buys Shares

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3 Nov 2016 17:03

DIRECTOR DEALINGS SUMMARY: Fourth Active Energy Director Buys Shares

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31 Oct 2016 13:03

Active Energy Issues Shares To Investor And Joint Venture Partners (ALLISS)

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