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Pin to quick picksAscent Resources Share News (AST)

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EARNINGS UPDATES: Accsys profit up, Dolphin Capital loss narrows

Thu, 30th Jun 2022 12:11

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

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Accsys Technologies PLC - London-based wood building products manufacturer - Profit surges in financial year that ended March 31. Pretax profit grows to GBP1.7 million from GBP340,000 a year ago. Revenue rises 21% to EUR120.9 million from EUR99.8 million. Firm aims to nearly double earnings before interest, tax, depreciation, and amortisation in financial year 2023. Ebitda was EUR10.5 million in financial year 2022, largely unchanged from EUR10.4 million the year before. "In the longer term, we expect to achieve improved profitability and operating cash-flow generation," says Chief Executive Officer Robert Harris. He adds that the firm is increasing its capacity fivefold by 2025. Expects to double capacity from Hull and Arnheim in the current financial year to 120,000 cubic metres from 60,000 cubic metres. Proposes no dividend, unchanged from a year ago.

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Advanced Oncotherapy PLC - London-based provider of proton therapy for cancer treatment - Pretax loss widens in 2021 to GBP29.5 million from GBP25.3 million in 2020. Posts no revenue, unchanged from a year ago. Reports GBP4.3 million cash as at December 31, up from GBP2.3 million a year earlier. Raised GBP58 million in 2021. Says 2022 is a significant year for the company as it aims to deliver its "LIGHT" system that operates at 230 million electron volts.

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Ascent Resources PLC - London-based onshore Caribbean, Hispanic American and European-focused natural resources company - Narrows pretax loss in 2021 to GBP2.0 million from GBP2.8 million the year before. Posts no revenue in either years. Administrative expenses reduce to GBP1.6 million from GBP2.3 million.

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Dolphin Capital Investors Ltd - British Virgin Islands-based investor in high-end resort developments in the eastern Mediterranean - Pretax loss in 2021 narrows but net asset value per share falls. NAV falls to EUR0.13 per share as at December 31, from EUR 0.16 a year ago. Pretax loss narrows to GBP21.2 million from EUR24.1 million in 2020. Revenue grows to EUR4.7 million from EUR3.6 million. Gains EUR5.9 million on disposal of investments in subsidiaries, up sharply from EUR336,000 in 2020.

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Hydrogen Utopia International PLC - London-based waste-to-hydrogen company - Posts maiden pretax loss of GBP1.0 million for 2021 since it started trading on the Aquis Stock Exchange in January. Posts no revenue. Investment revenues at GBP184. Firm on Tuesday announced it began its waste plastic to hydrogen testing programme. Referring to a reduction of dependence on primary fossil fuels, Chief Executive Officer Aleksandra Binkowska says: "we believe that this transition represents the future."

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By Tom Budszus; tombudszus@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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23 Apr 2024 16:02

IN BRIEF: Ascent Resources raises funds to finance GNG Partners outlay

Ascent Resources PLC - oil and gas exploration company focused on European onshore projects - Raises around USD1.7 million to help fund investment into a private US holding company, GNG Partners LLC. Notes GNG Partners has been formed to acquire onshore US midstream gas distribution and processing facilities, which use helium purification and liquefaction. Raises GBP555,000 through the issue of 24.1 million shares at 2.3 pence each, with one for three warrants attached exercisable at 140% of the issue price at any time in the next four years. This comprises a GBP390,000 placing and GBP165,000 subscription at the issue price. Further, enters into a new USD2 million senior secured fixed coupon loan facility with institutional investor RiverFort Global Opportunities PCC Ltd. Explains an initial USD1 million loan amount has been issued on a 12-month term. The fundraise and the initial loan will be used to fund the investment into GNG alongside the company's ongoing costs to build out the new strategy. Ascent says it has provided a convertible loan of USD1 million to GNG which has bought the assets of Paradox Resources LLC out of Chapter 11 bankruptcy.

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18 Apr 2024 14:28

Ascent Resources subsidiary files claim against Geoenergo

(Alliance News) - Ascent Resources PLC on Thursday said that its subsidiary Ascent Slovenia Ltd filed its claim in the Geoenergo insolvency process.

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2 Apr 2024 19:33

EARNINGS AND TRADING: Alba Mineral finds gold targets at Dolgellau

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

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26 Feb 2024 15:47

UK shareholder meetings calendar - next 7 days

Tuesday 27 February 
abrdn Diversified Income & Growth PLCAGM
Asian Energy Impact Trust PLCGM re annual accounts
Custodian Property Income REIT PLCGM re merger with abrdn Property Income Trust Ltd
JPMorgan Mid Cap Investment Trust PLCGM 2nd re merger with JPMorgan Mid Cap
LondonMetric Property PLCGM re merger with LXi REIT Plc
Victorian Plumbing Group PLCAGM
Vinanz LtdAGM
Wednesday 28 February 
abrdn Property Income Trust LtdGM re merger with Custodian Property Income REIT PLC
Beacon Rise Holdings PLCEGM re continued pursuit of an acquisition
Downing Strategic Micro-Cap Investment Trust PLCGM re managed wind-down
Image Scan Holdings PLCAGM
PPHE Hotel Group LtdEGM re waiver of mandatory offer provisions
Verditek PLCGM re disposal of solar business
Thursday 29 February 
Capital for Colleagues PLCAGM
Home REIT PLCAGM
IntegraFin Holdings PLCAGM
Intuitive Investments Group PLCAGM
Shanta Gold LtdGM re acquisition by ETC Holdings
Vast Resources PLCGM re capital reorganisation
Watkin Jones PLCAGM
Zytronic PLCAGM
Friday 1 March 
Virgin Money UK PLCAGM
Monday 4 March 
Ascent Resources PLCGM re bonus issue of preference shares
JPMorgan Emerging Europe, Middle East & Africa Securities PLCAGM
Lexington Gold LtdAGM
  
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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23 Feb 2024 14:28

Ascent Resources up after Slovenian government's challenge rejected

(Alliance News) - Ascent Resources PLC shares were up on Friday, after a tribunal rejected the Slovenian government's challenge against a EUR656.5 million claim by the company.

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19 Jan 2024 16:03

IN BRIEF: Ascent Resources notes Geoenergo insolvency approved

Ascent Resources PLC - mineral exploration and development company with gold mining interests in Turkey, Cyprus and Kosovo - Say it was informed that Ascent Slovenia Ltd's Slovenian joint venture partner Geoenergo doo has had its application to enter insolvency approved. Says it is now filing an appeal against the decision of the court in relation to this "unprecedented" situation and will register its claim with the competent court, while "continuing to pursue civil and criminal areas of redress against the former management and stakeholders of Geoenergo". Says further announcements will be made "as necessary".

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15 Jan 2024 15:55

Ascent petition prevents insolvency of partner Geoenergo

(Sharecast News) - Energy and natural resources company Ascent Resources updated the market on recent developments related to its joint venture partner Geoenergo on Monday.

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15 Jan 2024 12:50

Ascent Resources staves off Geoenergo insolvency amid claim pursuit

(Alliance News) - Ascent Resources PLC on Monday said Ascent Slovenia Ltd successfully prevented its Slovenian joint venture partner Geoenergo doo's immediate insolvency.

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15 Jan 2024 09:45

AIM WINNERS & LOSERS: IQGeo rises as annual revenue soars

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

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8 Jan 2024 17:00

Ascent Resources' joint venture partner begins insolvency proceedings

(Alliance News) - Ascent Resources PLC on Monday said its joint venture partner Geoenergo doo has started insolvency proceedings in Slovenia, following an arbitration tribunal.

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21 Dec 2023 21:18

TRADING UPDATES: Guild Esports hails Counter-Strike-focused deal

(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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1 Dec 2023 19:36

IN BRIEF: Ascent Resources plans shareholder return if legal case wins

Ascent Resources PLC - European and Hispanic American project-focused oil and gas exploration and production company - Says it is starting process to be able to distribute an entitlement to shareholders to the economic interest in 49% of any net proceeds received if its Energy Charter Treaty claim against Slovenia is successful. The claim relates The net proceeds of the claim by the company and its subsidiary Ascent Slovenia Ltd would be after all legal fees, costs and expenses relating to the claim. As part of this process, says it is creating a new 100%-owned subsidiary as a special purpose vehicle, of which claimants are expected to enter into a deed of transfer in relation to 49% of the net proceeds, if successful. If this vehicle receives tax clearance from HM Revenue & Customs, expects to convene a general meeting to seek shareholder approval for a bonus issue of shares. This is likely to be in January. Says it is finalising tax and legal advice and will maker further announcements "as appropriate".

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1 Dec 2023 11:48

Ascent sets up structure to distribute Slovenia claim proceeds

(Sharecast News) - Onshore energy and natural resources company Ascent Resources updated the market on Friday following an investor feedback event.

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14 Nov 2023 13:56

IN BRIEF: Echo Energy hires new CEO as director promoted to chair

Echo Energy PLC - Latin America-focused exploration company - Hires "highly experienced geoscientist" Stephen Birrell as new chief executive officer, effective immediately. Birrell is currently a non-executive director at Coro Energy PLC and Live Co Group PLC, and managing director at Ossian Energy Ltd. He served as a non-executive director at Ascent Resources PLC from 2020 to October this year. Echo's current CEO Martin Hull steps down to become a non-executive director, as does Non-Executive Chair James Parsons. Company promotes Christian Yates, another non-executive director, to chair with immediate effect. Yates says Birrell "brings a wealth of technical and commercial experience...we look forward to leveraging his experience as we look to deliver our strategy."

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8 Nov 2023 15:46

UK shareholder meetings calendar - next 7 days

Thursday 9 November 
D4t4 Solutions PLCGM re name change to Celebrus Technologies PLC
Libertine Holdings PLCAGM
SIMEC Atlantis Energy LtdEGM re appointment of Nexia Singapore PAC as auditors
Friday 10 November 
DFS Furniture PLCAGM
Galliford Try Holdings PLCAGM
Minoan Group PLCAGM
Minoan Group PLCGM re issuing shares
Quartix Technologies PLCAGM
Redrow PLCAGM
Monday 13 November 
Ironveld PLCGM re fundraising
Victoria PLCGM re annual accounts and Grant Thornton UK LLP re-appointment as auditors
Tuesday 14 November 
Celsius Resources LtdAGM
Essentra PLCGM re movement of merger relief reserve
Financials Acquisition CorpEGM re LIU business combination
Fonix Mobile PLCAGM
Petra Diamonds LtdAGM
Smoove PLCGM re takeover by Pexa Group
t42 IoT Tracking Solutions PLCAGM
Wednesday 15 November 
Alternative Income REIT PLCAGM
Ascent Resources PLCGM re approval to issue 45 million shares
CQS Natural Resources Growth & Income PLCAGM
European Opportunities Trust PLCAGM
Hays PLCAGM
Henderson Eurotrust PLCAGM
Northern Bear PLCGM re tender offer
Reach PLCGM re proposed capital reduction
Synergia Energy LtdAGM
Zegona Communications PLCGM re acquisition agreement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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