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Pin to quick picksBens Creek Share News (BEN)

  • This share is currently suspended. It was suspended at a price of 0.175

Share Price Information for Bens Creek (BEN)

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Share Price: 0.175
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
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Open: 0.00
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Prev. Close: 0.175
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AIM WINNERS & LOSERS: Manolete swings to loss amid case troubles

Thu, 10th Nov 2022 10:54

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

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AIM - WINNERS

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Biome Technologies PLC, up 67% at 84.52 pence, 12-month range 40.00p - 380.00p. Says revenue in the third quarter of 2022 was in-line with expectations at GBP1.9 million, and 73% higher than the GBP1.1 million achieved the previous year. The bioplastics and radio frequency technology firm explains that the rise reflected demand across its customer portfolio, as well as some catch-up from the second quarter as raw materials for production finally cleared supply chain hurdles. Confirms that its outlook for 2023 remains unchanged.

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Physiomics PLC, up 11% at 2.45 pence, 12-month range 2.00p - 7.25p. Wins further contract with its existing client, Ankyra Therapeutics. The contract builds on the agreement announced in March this year in which Physiomics supported the early development of ANK-101, Ankyra's lead molecule to be used during immunotherapy in cancer treatment. Contract extension is expected to complete in the first quarter of 2023, the oncology consultancy adds.

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AIM - LOSERS

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Bens Creek Group PLC, down 14% at 20.56 pence, 12-month range 19.44p - 108.00p. Notes that on October 27, its largest shareholders MBU Capital Group Ltd entered into a charge over shares with Bluestar Global Capital Ltd on all the shares it owns in the North America-focused mining company. Company says 212.6 million of its shares are subject to the charge, representing 57% of its share capital. Lenders often take share charges as security for money owed to them.

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Manolete Partners PLC, down 9.2% at 236.00 pence, 12-month range 190.00p - 335.60p. Swings to a pretax loss of GBP5.5 million in the six months ended September 30, from a profit of GBP2.1 million the year prior. Revenue nearly halves to GBP5.5 million from GBP10.2 million. Explains that the results have been negatively impacted by an initial adverse judgement on one of its larger cases, though it notes that this decision will be reviewed. Meanwhile, realised revenue rose to GBP13.6 million from GBP7.7 million when this is not considered. Declares no interim dividend. The previous year, the London-based insolvency litigation financing firm declared an interim dividend of 0.39 pence.

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Nightcap PLC, down 7.7% at 9.00 pence, 12-month range 9.00p - 24.00p. In 53 weeks ended July 3, the cocktail bar owner swings to a pretax profit of GBP238,00 from a loss of GBP5.3 million in the year ended June 27. Revenue multiplies to GBP35.9 million from GBP6 million in the same time frame. This comes as administrative expenses rocket to GBP27.4 million from GBP10.0 million, and cost of sales leap to GBP7.3 million from GBP1.4 million. Reports that trading in the first 13 weeks of its new financial year has been negatively impacted by record warm weather, train strikes and the cost of living crisis. Says it will slow down its expansion plans as a result of the headwinds.

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By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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23 Apr 2024 17:38

IN BRIEF: Bens Creek makes further Chapter 11 filings in US

Bens Creek Group PLC - owner and operator of metallurgical coal mines across North America - Makes further Chapter 11 filings with US bankruptcy court, adding that US companies have entered into a term sheet for debtor-in-possession financing facility. Says that Avani, its largest shareholder, has filed a DIP term sheet with the Court for up to USD14.5 million. The Avani facility term sheet is now binding on Avani, but is not binding on the Chapter 11 companies until the court binds the Chapter 11 firms. A court hearing to consider the Avani facility is now expected at the end of April.

Read more
12 Apr 2024 16:56

LONDON MARKET CLOSE: Miners lift FTSE 100 but sea of red elsewhere

(Alliance News) - London's FTSE 100 defied a tricky day for wider markets, as its miners and oil producers shone, while the dollar was supported as odds of the US Federal Reserve enacting three interest rate cuts this year dwindle.

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12 Apr 2024 14:25

Bens Creek shares fall as it moves mine into care and maintenance

(Sharecast News) - Shares in North American metallurgical coal miner Bens Creek were sliding on Friday afternoon, after the company issued an update on its operations and working capital position, confirming that its West Virginia mine was moving into care and maintenance.

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12 Apr 2024 10:04

AIM WINNERS & LOSERS: Bens Creek falls as it lays off workers

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

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12 Apr 2024 09:39

Bens Creek shares plunge amid round of lay-offs in West Virginia

(Alliance News) - Bens Creek Group PLC shares on Friday plummeted after it reported that it has laid off 44 Bens Creek Operations WV LLC employees.

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12 Apr 2024 08:58

LONDON MARKET OPEN: Stocks get boost thanks to growth in UK economy

(Alliance News) - Stock prices in London opened higher on Friday, thanks to new data suggesting the UK economy is out of recession.

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8 Apr 2024 10:52

Bens Creek inks coal sale deal amid cash flow strains

(Sharecast News) - Metallurgical coal miner Bens Creek Group announced an agreement with its largest shareholder Avani Resources on Monday, for the purchase of 20,000 tons of off-spec coal.

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8 Apr 2024 10:17

Bens Creek down as struggling company inks additional Avani coal order

(Alliance News) - Bens Creek Group PLC shares sank nearly 20% on Monday morning, as the company announced another coal contract with its largest shareholder following a tough start to 2024.

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26 Mar 2024 13:39

Bens Creek draws additional working capital from largest shareholder

(Alliance News) - Bens Creek Group PLC announced on Tuesday that it has drawn additional financing to cover the requirements of its North American mining projects.

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19 Mar 2024 14:11

IN BRIEF: Bens Creek falls as draws down USD9 million

Bens Creek Group PLC - Owner and operator of coal mines across the US - Draws down USD7.5 million under the working capital facility in place with Avani Resources Pte Ltd. Avani is a Singapore-based commodities trader, Bens Creek's largest shareholder with a 30% stake. Avani have also advanced a further USD1.3 million to Bens Creek as part of the discretionary component of the facility. The facility was announced earlier in March.

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