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Pin to quick picksAngus Energy Share News (ANGS)

Share Price Information for Angus Energy (ANGS)

London Stock Exchange
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Share Price: 0.375
Bid: 0.35
Ask: 0.40
Change: -0.05 (-11.76%)
Spread: 0.05 (14.286%)
Open: 0.425
High: 0.425
Low: 0.325
Prev. Close: 0.425
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UK WINNERS & LOSERS SUMMARY: Renewi Jumps 23% As Dutch Eco Ban Lifted

Fri, 20th Dec 2019 10:43

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.

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FTSE 100 - LOSERS

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Royal Dutch Shell 'A', down 0.8%, 'B' down 0.9%. The oil major guided for a large impairment based on "the macro outlook". Shell is to book a post-tax impairment of USD1.7 billion to USD2.3 billion for the fourth-quarter of 2019, based on macroeconomic conditions, without giving any further details. The oil giant will book between USD600 million and USD800 million of charges related to deferred tax payments and well write offs, and also noted weak refining margins in Downstream and "average" performance in Integrated Gas. Shell also guided for capital expenditure to be at the lower end of its USD24 billion to USD29 billion guided range for 2019.

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OTHER MAIN MARKET AND AIM - WINNERS

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Renewi, up 23%. The waste-to-product firm said a Dutch market ban on thermally treated soil has been lifted, meaning soil from its ATM facility can now be used in the Netherlands and abroad. With a testing process now complete, and showing the product to be safe, the ban has ended. Although the Dutch minister of Environment & Housing has lifted the ban, specific uses still need approval from local regulators. As such, Renewi expects it may be "some months" before the first permits are secured for use. Renewi's pipeline of customers intending to use thermally treated soil at their locations is "strong".

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Alexander Mining, up 60%. The firm has announced the reverse takeover of eLight, for GBP6.6 million, in an all-share deal. eLight provides energy efficiency advice to commercial customers. Alexander has also raised GBP2 million in a fundraise, and will rename itself eEnergy Group once the deal is completed.

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Beeks Financial Cloud, up 15%. The financial markets connectivity provider has signed two "significant" contracts, worth USD1 million and GBP1.1 million respectively.

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Oxford BioDynamics, up 14%. The firm has signed a master service agreement with a "top" US pharmaceutical company to develop EpiSwitch, a platform Oxford BioDynamics hopes will accelerate drug discovery and development.

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Angus Energy, up 12%. The company said good progress is being on the Saltfleetby gas field, despite technical challenges. Angus is looking to get the field back producing - formerly, Angus said, it was the UK's largest onshore gas field.

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OTHER MAIN MARKET AND AIM - LOSERS

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Warpaint London, down 14%. The cosmetics firm warned on annual profit, blaming factors such as the geographic mix of sales, foreign exchange movements, and investment. It has downgraded adjused pretax profit guidance to between GBP5.1 million to GBP5.5 million from GBP6 million to GBP7 million previously. Warpaint will also be spitting its joint chief executives. Sam Bazini will remain as CEO, with Eoin Macleod become managing director.

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Regency Mines, down 13%. The investment firm, focused on base metals, reflected on a"difficult and disappointing" year to June, though it said prospects are now much brighter.

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Firestone Diamonds, down 9.7%. The miner's annual loss has widened to USD50.5 million from USD17.5 million, as the company made a USD41.6 million after a drop in diamond prices. Operating performance was solid, Firestone said, in an "extremely challenging" year for diamond producers.

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Benchmark Holdings, down 9.5%. The aquaculture firm reported a "disappointing" annual performance amid challenging market conditions. Its pretax loss widened to GBP73.3 million from GBP8.4 million, with revenue falling 3% to GBP127.3 million. Benchmark said weakness in the shrimp and sea bass/bream markets is continuing, with no recovery to 2018 levels seen in 2020. The salmon market is more promising, it added.

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By George Collard; georgecollard@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

More News
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.

Read more
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.

Read more
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.

Read more
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".

Read more
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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