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Pin to quick picksActive Energy Share News (AEG)

Share Price Information for Active Energy (AEG)

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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
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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
27 May 2022 16:00

IN BRIEF: Active Energy narrows loss; focuses on CoalSwitch production

Active Energy Group PLC - London-based biomass focused renewable energy business - Narrow pretax loss in 2021 to USD5 million from USD7.0 million the previous year. Loss includes an impairment of USD2.0 million related to damaged reactors following component failure at Ashland on the US east coast. Revenue falls sharply to USD644,914 from USD1.6 million. Assets increase to USD21.7 million from USD18.1 million. Continues to focus on delivery of the first CoalSwitch production facility in Ashland.

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31 Mar 2022 21:06

TRADING UPDATES: Valeura and Mast Energy losses widen; Altitude upbeat

(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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31 Mar 2022 09:51

Active energy sells Lumberton site to help fund Ashland facility

(Sharecast News) - Renewable energy business Active Energy has agreed to dispose of its Lumberton site in North Carolina to Phoenix Investors for $4.65m, before expenses.

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15 Mar 2022 19:45

TRADING UPDATES: Hyve exits Russia; Genel revenue rises in 2021

(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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15 Mar 2022 14:10

Active Energy gets FSC certification for 'CoalSwitch' fuel

(Sharecast News) - Energy pellet producer Active Energy announced on Tuesday that it has achieved 'Chain of Custody' (CoC) and 'Controlled Wood' certification for its 'CoalSwitch' fuel, compliant with the Forest Stewardship Council (FSC) standards.

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10 Feb 2022 11:53

Active Energy threatened with US lawsuit over alleged water pollution

Active Energy threatened with US lawsuit over alleged water pollution

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10 Feb 2022 11:26

AIM WINNERS & LOSERS: Crimson Tide in green after contract win

AIM WINNERS & LOSERS: Crimson Tide in green after contract win

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31 Jan 2022 22:06

TRADING UPDATES: Hiro plans acquisition vehicle IPO; Aquila reviews

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31 Dec 2021 10:55

AIM WINNERS & LOSERS: Blockchain and podcasts prosper in 2021

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9 Dec 2021 15:47

Active Energy shares plummet as fundraise and subscriptions disappoint

Active Energy shares plummet as fundraise and subscriptions disappoint

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9 Dec 2021 11:36

AIM WINNERS & LOSERS: CloudCall agrees Xplorer Capital takeover offer

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1 Nov 2021 14:35

TRADING UPDATES: Bango to offer Microsoft 365; Petrofac prices notes

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28 Sep 2021 11:14

IN BRIEF: Active Energy loss widens as it pumps effort into CoalSwitch

IN BRIEF: Active Energy loss widens as it pumps effort into CoalSwitch

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16 Sep 2021 21:42

IN BRIEF: Active Energy to replace reactors at Ashland Facility

IN BRIEF: Active Energy to replace reactors at Ashland Facility

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2 Sep 2021 21:44

TRADING UPDATES: Challenger Energy hails Saffron-2 well; SDCL placing

TRADING UPDATES: Challenger Energy hails Saffron-2 well; SDCL placing

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