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Pin to quick picksAngus Energy Share News (ANGS)

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EARNINGS UPDATES: Kingswood revenue surges; Shield in loan deal

Thu, 30th Jun 2022 13:53

(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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Kingswood Holdings Ltd - London-based wealth manager - Revenue in 2021 jumps to GBP149.7 million from GBP25.5 million in 2020. Pretax loss stretches to GBP14.5 million from GBP10.7 million, however. Finance costs climb to GBP4.9 million from GBP554,000. Assets under management and advice rise to GBP6.77 billion at year end from GBP5.91 billion in 2020.

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Shield Therapeutics PLC - Newcastle, England-based commercial-stage pharmaceutical company - Says revenue in 2021 falls to USD1.5 million from USD10.4 million in 2020. Pretax loss widens to USD19.6 million from USD1.9 million. Selling, general and administrative expenses more than double to USD20.0 million from USD8.6 million. Notes prescriptions for iron deficiency oral product Accrufer more than double quarter-on-quarter in first quarter of 2022. Shield adds it has agreed a financing deal through a shareholder loan of USD10 million from AOP Orphan International AG. AOP has a 13% stake in company. Interest of 7.0% above 12-month US dollar LIBOR will be paid monthly in arrears. "The shareholder loan will be secured against the US intellectual property rights associated with Accrufer and will be repayable in cash in the event that Shield secures a further debt or equity financing for no less than approximately USD30 million or, in any event, by 31 December 2023," company adds.

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Renalytix PLC - London-based diagnostics company focused on kidney health - Says revenue in third quarter ended March improves to USD800,000 from USD600,000 a year earlier. Net loss widens to USD14.7 million from USD8.8 million. Total operating expenses climb 72% to USD14.7 million from USD8.5 million.

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Starcrest Education Ltd - developer and operator of education services in Europe - Pretax loss in 2021 narrows to GBP1.4 million from GBP1.5 million in 2020. Administrative expenses are trimmed 9.5% to GBP1.4 million. Posts no revenue, unchanged year-on-year. "In line with our strategic focus on education opportunities within the UK and Europe, we have continued, throughout the period, to seek acquisition targets that fit our search criteria and offer attractive growth potential and shareholder returns," Starcrest says. "The board is confident that the company is sufficiently funded and has the appropriate strategy to grow the company."

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Tanfield Group PLC - investment firm headquartered in Newcastle Upon Tyne - Says main investment, Snorkel International Holdings LLC, seeing signs of "markets recovering as the impact of the Covid-19 pandemic reduced". "The board continues to closely monitor performance and is hopeful that 2022 will see a continued recovery and improved sales levels. It is not known whether 2022 will see a return to the pre-Covid-19 sales levels," Tanfield says. Snorkel makes scissor and boom lifts. Tanfield posts no revenue in 2021, unchanged from 2020. Pretax loss narrows to GBP514,000 from GBP697,000.

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Angus Energy PLC - London-based oil and gas development company focused on UK assets - Pretax loss in first half ended March 31 widens to GBP31.8 million from GBP1.5 million. Posts nominal revenue of GBP27,000. Had not reported any revenue in prior year.

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Edge Performance VCT PLC - London-based venture capital trust - Net asset value per share at February 28 year-end increases 3.0% annually to 217.38 pence from 211.08p. "Edge Performance VCT continues to invest in a portfolio of highly regarded creative economy companies, which we expect

to perform strongly in the future. The investment manager works closely with each of these companies to ensure they have the necessary resources of funding, executives, industry experts and support to achieve their potential," Edge Performance adds.

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Amur Minerals Corp - natural resources explorer with assets in Russia - Does not post any revenue in 2021, unchanged from 2020. Pretax loss narrows to USD1.8 million from USD2.7 million. Administrative expenses fall 42% to USD1.8 million from USD3.1 million.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
22 Mar 2024 14:28

Paddy Clanwilliam resigns from Angus Energy board

(Sharecast News) - Angus Energy announced the resignation of Patrick 'Paddy' Clanwilliam from his position as non-executive chairman on Friday.

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22 Mar 2024 12:52

IN BRIEF: Angus Energy says Chair Patrick Clanwilliam resigns

Angus Energy PLC - UK-focused onshore oil and gas developer - Says that Patrick Clanwilliam has resigned as non-executive chair of the board. Clanwilliam joined the board in 2019, and stepped in as interim chair in August last year. Krzysztof Zielicki, currently a non-executive director, will assume the role of chair on an interim basis until a new chair has been selected.

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7 Mar 2024 16:04

UK shareholder meetings calendar - next 7 days

Friday 8 March 
Allergy Therapeutics PLCAGM
All Things Considered Group PLCAGM
Chenavari Toro Income Fund LtdAGM
Neo Energy Metals PLCAGM
Schroder UK Mid Cap Fund PLCAGM
Silverwood Brands PLCGM re proposed share capital reduction
Monday 11 March 
Ground Rents Income Fund PLCAGM
Ramsdens Holdings PLCAGM
River & Mercantile UK Micro Cap Investment Company LtdAGM
Tuesday 12 March 
Impax Asset Management Group PLCAGM
Seed Capital Solutions PLCAGM
Shoe Zone PLCAGM
Wednesday 13 March 
abrdn China Investment Co LtdGM re liquidation
Safestore Holdings PLCAGM
Wincanton PLCGM re takeover by CEVA Logistics
Thursday 14 March 
Angus Energy PLCGM
Bank of Georgia Group PLCGM re acquisition of Ameriabank CJSC
Blackrock Sustainable American Income Trust PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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22 Feb 2024 12:05

EARNINGS AND TRADING: Galliford wins deals; Sylvania profit down

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

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21 Feb 2024 15:51

EARNINGS AND TRADING: Sure Ventures value down after VividQ fundraise

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

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19 Jan 2024 11:29

IN BRIEF: Angus Energy says proposed loan facility progressing well

Angus Energy PLC - UK-focused onshore oil and gas developer - Says work in documenting its proposed GBP20 million loan facility and offtake agreements with Trafigura is progressing well. Expects to conclude with satisfaction of conditions and drawdown within four weeks. Says it also has been granted an extension to an existing GBP6 million subordinated debt facility, or bridge loan, which is due to mature on Friday. This is in order to allow time for completing documentation and drawdown under the proposed facility with Trafigura. As a result, Aleph Finance Ltd has agreed to an extension of the bridge loan for one month until February 19 for a fee of 1%, which is proportionate to the fee paid for the previous extension of the loan in October last year.

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8 Jan 2024 12:24

Angus Energy upbeat on fourth-quarter production

(Sharecast News) - Angus Energy said in an update on Monday that gas production from the Saltfleetby Field during the fourth quarter totalled 7.35 million therms - a slight decrease from the third quarter's 7.9 million therms.

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8 Jan 2024 11:59

IN BRIEF: Angus Energy revenue up after solid quarter

Angus Energy PLC - UK-focused onshore oil and gas developer - says production at its Saltfleetby gas field for October, November and December totalled 7.4 million therms aggregate, down from 7.9 million therms in the third quarter. Gas condensate production averaged 130 barrels per day. Revenue for the three-month period was estimated at GBP7.2 million, up 14% from GBP6.3 million in the previous quarter. Also reports a shutdown of one of the Saltfleetby compressor engines, which underwent servicing until October 21. Subsequent maintenance was conducted on one of the compressor engines until November 22, allowing "dual compressor operations to recommence".

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20 Dec 2023 17:11

LONDON MARKET CLOSE: Stocks in festive mood after inflation surprise

(Alliance News) - Stocks in London soared on Wednesday, outperforming European peers, after a sharp drop in the annual rate of UK inflation fuelled hopes for interest rate cuts next year.

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20 Dec 2023 17:04

LONDON MARKET CLOSE: Slowing UK consumer inflation lifts local stocks

(Alliance News) - Stock prices in London closed up on Wednesday as local consumer price inflation slowing faster than expected boosted investor sentiment.

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20 Dec 2023 14:04

IN BRIEF: Angus Energy agrees GBP20 million debt facility to refinance

Angus Energy PLC - UK-focused onshore oil and gas developer - Agrees a GBP20 million debt facility with Trafigura PTE Ltd to refinance all its existing debt, as well as to fund additional capital expenditure projects to raise production at Saltfleetby field. The debt facility has a five-year amortising term with a one-year repayment grace period. It has an interest margin over sterling overnight index average of 8%, compared to 12% on existing senior debt and 15% on bridge facility. Trafigura expects a closing date in January. Angus adds that its existing hedge contract will be replaced with a fixed price offtake, with Trafigura acting as offtaker. Says the new funds will accelerate work on gas storage feasibility.

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20 Dec 2023 11:07

AIM WINNERS & LOSERS: Genedrive shares jump on orders

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

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6 Nov 2023 13:56

IN BRIEF: Angus Energy completes permanent flowline for Saltfleetby

Angus Energy PLC - UK-focused oil and gas development company - Says it has successfully commissioned the permanent flowline for its BO7T well at the Saltfleetby gas field in Lincolnshire with minimum production loss. Notes that it faced challenges from weather conditions during construction, as well as in finalising the flowline design.

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25 Oct 2023 17:28

TRADING UPDATES: Franchise Brands trading in line; Tribe secures loan

(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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23 Oct 2023 15:46

UK shareholder meetings calendar - next 7 days

Tuesday 24 October 
Accrol Group Holdings PLCAGM
Adalan Ventures PLCAGM
Oneiro Energy PLCAGM
Tufton Oceanic Assets LtdAGM
WH Ireland Group PLCAGM
Wednesday 25 October 
Arcontech Group PLCAGM
Hargreaves Services PLCAGM
Kavango Resources PLCGM re takeover
MGC Pharmaceuticals LtdGM re consolidation of capital, share placement
Pendragon PLCGM re strategic partnership with Lithia and name change to Pinewood Technologies PLC
Springfield Properties PLCAGM
Thursday 26 October 
Alumasc Group PLCAGM
Brooks Macdonald Group PLCAGM
Feedback PLCAGM
Filtronic PLCAGM
Global Invacom Group LtdEGM re cancellation of admission to trading on AIM
Hipgnosis Songs Fund LtdAGM
Hipgnosis Songs Fund LtdEGM re sale of portfolio
IMC ExplorationEGM re takeover of Karaberd
Made Tech Group PLCAGM
Mattioli Woods PLCAGM
Mid Wynd International Investment Trust PLCAGM
Novacyt SAAGM
South32 LtdAGM
Tirupati Graphite PLCAGM
TMT Acquisition PLCAGM
Friday 27 October 
Anglesey Mining PLCAGM
Bens Creek Group PLCAGM
Dialight PLCGM re admission of shares
KCR Residential REIT PLCAGM
Monday 30 October 
Angus Energy PLCGM re Kemexon Conversion Shares
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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