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Pin to quick picksAngus Energy Share News (ANGS)

Share Price Information for Angus Energy (ANGS)

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TRADING UPDATES: Robust 2021 performances for Mincon, Stelrad

Mon, 14th Mar 2022 11:58

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

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Mincon Group PLC - Shannon, Ireland-based engineering firm - For 2021, pretax profit increases 4.4% to EUR17.8 million from EUR17.1 million, on revenue which grows 11% year-on-year to EUR144.4 million from EUR129.9 million, with strong performances in all industries, but particularly mining and construction, on a rise in supply contracts in Europe and the Americas. Declares final dividend of 1.05 cents per share, bringing the total payout to 2.10 cents, in line with the prior year.

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Stelrad Group PLC - manufacturer and distributor of steel panel radiators in the UK, Europe and Turkey - For 2021, pretax profit rises 69% to GBP14.7 million from GBP8.7 million the year before, aided by further production transfers to a more low-cost Turkish facility and an improved mix of steel panel radiators. Revenue grows 39% year-on-year to GBP272.3 million from GBP196.6 million, with double digit rises from all the company's territories in higher sales volumes and a rise in steel prices. Declares dividend of 0.96 pence per share.

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Zaim Credit Systems PLC - London-based fintech lender serving Russia - For the fourth quarter of 2021, total loans issued more than double year-on-year to GBP7.8 million from GBP3.8 million, with the majority of growth coming from loans issued online. For 2021 as a whole, total loans issued more than double to GBP26.0 million from GBP10.3 million in 2020.

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JPMorgan Claverhouse Investment Trust PLC - invests in income generating UK companies with a focus on those that provide consistent and growing dividends - Net asset value total return for 2021 stands at 21.5%, outperforming its benchmark the FTSE All-Share Index, which returns 18.3%. As at December 31, net asset value per share rises to 782.4 pence from 672.1p the year before. Declares annual dividend of 30.50p per share from 29.50p.

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Literacy Capital PLC - London-based investment firm - As at December 31, net asset value per share rises to 277.2 pence, up 60% from 141.75p the same date the year before, as the portfolio value increases to GBP163.6 million from GBP76.7 million, through strong performances from Grayce and Kernel Global via organic growth. For the year, pretax profit hikes to GBP81.0 million from GBP16.7 million the year prior, on income which grew to GBP85.6 million from GBP18.6 million.

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Nightcap PLC - London-based bar operator - For the 26 weeks ended December 26, pretax loss widens to GBP489,858 from GBP255,559 the same period a year before, mainly due to a hike in administrative expenses to GBP12.5 million from GBP1.6 million, which more than offset a jump in revenue to GBP15.8 million from GBP2.0 million. On a like-for-like basis, revenue grows 22% compared to the same period in the 2020 financial year. Adjusted earnings before interest, tax, depreciation and amortisation hike to GBP2.6 million from GBP626,995. On recent trading, for the nine weeks to February 27, like-for-like revenue growth is 25% on both the same period the year before and the 2020 financial year.

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Craneware PLC - Edinburgh-based company focused on optimising financial performance for healthcare providers - For the six months ended December 31, pretax profit drops 37% to USD6.2 million from USD9.9 million, due to a hike in operating expenses on increased R&D investment and a USD8.9 million charge on the amortisation of intangible assets. Revenue meanwhile more than doubles to USD80.2 million from USD38.0 million, following the acquisition of Sentry Data Systems Inc in July. Declares interim dividend of 12.5 pence per share, up 4% from 12p the prior year.

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Mid Wynd International Investment Trust - investor in international stocks managed by Artemis - For the six months ended December 31, net asset value total return stands at 10.5%, outperforming the MSCI All Country World index in sterling terms, which returns 7.7%. As at December 31, net asset value per share rises to 829.82 pence from 698.66p. Declares interim dividend of 3.50 pence per share, up 13% from 3.10p a year prior.

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Angus Energy PLC - oil & gas development company - For 2021, pretax loss widens to GBP15.6 million from GBP2.5 million, through a charge of GBP13.1 million on derivative financial instruments. Also generates no revenue, compared to GBP68,000 the prior year, as the Lidsey oil field was shut down due to problems with the downhole pump during the year as well as low oil prices. Looking ahead, will focus on getting Saltfleetby into production, as well as realise value from Balcombe, Brockham and Lidsey. Company did not recommend a final dividend.

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Fonix Mobile PLC - London-based mobile payments and messaging provider - For the six months ended December 31, pretax profit increases 49% to GBP5.2 million from GBP3.5 million, on revenue which grows 16% year-on-year to GBP28.6 million from GBP24.6 million, with strong performances from all service lines and new customer contracts signed. Total payment value of mobile payments rises 12% to GBP138 million from GBP123 million. Declares interim dividend of 2.00p per share, up from 1.70p the prior year.

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Artemis Resources Ltd - Perth-based miner with gold, copper and cobalt projects in Pilbara region of Western Australia - For the six months ended December 31, pretax loss narrows to AUD2.2 million from AUD4.3 million, due to a smaller project and exploration write-off of AUD551,677 from AUD2.1 million. Revenue meanwhile drops to AUD21,629 from AUD91,017, due to the lack of a government subsidy of AUD74,903.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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17 Apr 2024 15:36

Director dealings: Angus Energy CEO ups stake

(Sharecast News) - Angus Energy revealed on Wednesday that chief executive Richard Herbert had acquired 5.0m ordinary shares in the AIM-listed onshore oil and gas development firm.

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4 Apr 2024 13:02

Angus Energy expects first quarter gas production and revenue to fall

(Alliance News) - Angus Energy PLC on Thursday said it expects gas production and total revenue to be down quarter-on-quarter.

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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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UK shareholder meetings calendar - next 7 days

Friday 8 March 
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Wednesday 13 March 
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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

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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

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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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LONDON MARKET CLOSE: Stocks in festive mood after inflation surprise

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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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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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