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Pin to quick picksAferian Share News (AFRN)

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Share Price: 5.00
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AIM WINNERS & LOSERS: Union Jack declares payout; Aferian revenue down

Mon, 24th Oct 2022 10:45

(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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Union Jack Oil PLC, up 18% at 29.65 pence, 12-month range 10.50p-53.72p. Declares first special dividend and announced a share buyback programme as its financial position has been "transformed" over the course of the year. Declared a special dividend of 0.8 pence per share, a total payout of GBP903,000. The company also confirmed it will implement a share buyback programme, funded from the company's existing cash resources. It will purchase ordinary shares in the open market with timing dependent on market conditions, share price, trading volumes and subject to the company's capital allocation policy.

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Mosman Oil & Gas Ltd, up 27% at 0.082 pence, 12-month range 0.050p-0.17p. Shares results of a third-party technical report for its license in Australia, and updates on the Cinnabar development well. Says preliminary evaluation by Geognostics Australia identified "favourable scenarios" for all three essential play elements that relate to "viable helium and hydrogen plays" in the EP 145 license. EP 145 is a permit 100% owned and operated by Mosman, located in Australia's Northern Territory. The evaluation identified five "high-graded areas of prospectivity", which includes hydrocarbons, helium and hydrogen. New play concepts were also developed for deeper, basement-derived helium and hydrogen exploration, Mosman says.

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Eneraqua Technologies PLC, up 15% at 300.50 pence, 12-month range 190.00p-350.00p. Reports new contract to add to its order book. The London-based energy and water efficiency solutions provider said it has signed a contract with a new unnamed UK social housing client to deliver ground source heat pump systems. The contract will be phased over up to three years. The firm does not provide the individual value of the contract. However, it said when combined with other smaller contracts in recent days, the contracts have a total aggregrate value of up to GBP35 million.

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AIM - LOSERS

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Aferian PLC, down 38% at 81.00 pence, 12-month range 81.00p-165.00p. Expects device revenue for financial year 2022 ending November 30 to be 10% lower than expected in June. Notes Amino business experienced delays as customers reduce working capital. However, notes that exit annual recurring revenue and software growth of 15% and 5% respectively is in line with management expectations, but much lower than on a constant currency basis, for which ARR revenue and software growth are estimated at 25% and 15% respectively. Further, notes USD5.5 million one-off charge for costs. Expects financial year adjusted operating profit of USD7.8 million to USD8.8 million, down at least 25% from USD11.8 million a year prior.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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24 Oct 2022 09:58

IN BRIEF: Aferian adjusted operating profit to drop as cash plummets

Aferian PLC - Cambridge-based business-to-business video streaming solutions company - Expects device revenue for financial year 2022 ending November 30 to be 10% lower than expected in June. Notes Amino business experienced delays as customers reduce working capital. However, notes that exit annual recurring revenue and software growth of 15% and 5% respectively is in line with management expectations, but much lower than on a constant currency basis, for which ARR revenue and software growth are estimated at 25% and 15% respectively. Further, notes USD5.5 million one-off charge for costs.

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31 Aug 2022 17:43

IN BRIEF: Aferian partners with Swisscom, launches new TV offering

Aferian PLC - business-to-business video streaming solutions company - Signs new partnership with Swisscom Broadcast Ltd and launches FokusOnTV, a new TV-as-a-service streaming offering that enables pay TV operators to improve their time to market and reduce their on-site infrastructure. FokusOnTV will be offered as a pre-integrated solution with Swisscom's premium infrastructure.

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23 Aug 2022 11:19

Aferian confident despite fall in revenue, operating profit

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Aferian swings to interim loss but annual recurring revenue grows

(Alliance News) - Aferian PLC on Tuesday said it swung to an interim loss in the most recent financial year, but it still has confidence for the second half.

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Copyright 2022 Alliance News Limited. All Rights Reserved.

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Aferian pleased with progress despite difficulties in China

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IN BRIEF: Aferian expects flat interim revenue but strategic progress

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