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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: 0.20
Bid: 0.17
Ask: 0.25
Change: 0.00 (0.00%)
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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.

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7 Feb 2020 11:45

Active Energy Moves Forward On Gaining Approval For Lumberton Site

Active Energy Moves Forward On Gaining Approval For Lumberton Site

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20 Jan 2020 12:16

Active Energy Group Hires Aitken, Zimmerman As Non-Executive Directors

Active Energy Group Hires Aitken, Zimmerman As Non-Executive Directors

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11 Dec 2019 12:21

UPDATE: Active Energy Begins Lumber Production At Lumberton

UPDATE: Active Energy Begins Lumber Production At Lumberton

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11 Dec 2019 11:45

Active Energy Continues To Wait For Commercial Approval At Lumberton

Active Energy Continues To Wait For Commercial Approval At Lumberton

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11 Dec 2019 10:38

Active Energy awaits decision on permits for Lumberton site

(Sharecast News) - Biomass-based renewable energy company Active Energy updated the market on its activities at its commercial hub in Lumberton, United States on Wednesday, after it announced on 25 September that it had applied for the relevant air and environmental permits from the North Carolina Department of Environment and Natural Resources (NCDENR).

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28 Nov 2019 16:01

Active Energy Shares Jump On Inaugural CoalSwitch Licencing Deal

Active Energy Shares Jump On Inaugural CoalSwitch Licencing Deal

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28 Nov 2019 11:04

Active Energy signs licence deal with Canadian forestry management firm

(Sharecast News) - Biomass-focussed renewable energy business Active Energy Group has agreed terms for the issuance of its first 'CoalSwitch' licence agreement to RMD Environmentals - a Canada-based forestry management and environmental engineering and consultancy business.

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1 Nov 2019 17:35

Active Energy Hires Ex-Bacanora Interim Chair Leahy As Non-Executive

Active Energy Hires Ex-Bacanora Interim Chair Leahy As Non-Executive

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10 Oct 2019 12:50

Active Energy Initiates Replacement Search As Non-Exec Melling Leaves

Active Energy Initiates Replacement Search As Non-Exec Melling Leaves

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25 Sep 2019 13:20

Active Energy Pretax Loss Narrows On Lower Finance Costs

Active Energy Pretax Loss Narrows On Lower Finance Costs

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29 Jul 2019 17:14

Active Energy Outlook Optimistic With Commercial Success "Realistic"

(Alliance News) - Renewable energy and forestry management firm Active Energy PLC said on Monday, at its annual general meeting, it now believes commercial success is firm said additional research

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11 Jul 2019 11:56

Active Energy Hires Absolute Welding To Install Reactor At Lumberton

(Alliance News) - Active Energy Group PLC on Thursday said it has appointed engineering & consulting firm, Absolute Welding & Consulting, to install the commercial scale reactors at its in

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8 Jul 2019 09:54

Active Energy Raises GBP3.4 Million On Issue Of Convertible Loan Notes

(Alliance News) - Active Energy Group PLC said Monday it has raised GBP3.4 million through a subscription of series B convertible loan notes by new and existing investors.Proceeds from the

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26 Jun 2019 13:36

Active Energy Signs Two Lease Agreements For Lumberton Site In US

(Alliance News) - Active Energy Group PLC on Wednesday said it has signed two lease agreements at its recently acquired commercial plant in Lumberton, North Carolina.The renewable energy an

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26 Jun 2019 09:47

Active Energy signs two lease agreements at Lumberton site

(Sharecast News) - Biomass-focussed renewable energy company Active Energy has signed two lease agreements at its recently-acquired commercial plant in Lumberton, North Carolina, it announced on Wednesday.

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