focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

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)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.175
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.05 (33.333%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 0.175
BEN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

AIM WINNERS & LOSERS: Numis rockets on takeover by Deutsche Bank

Fri, 28th Apr 2023 10:55

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

----------

AIM - WINNERS

----------

Numis Corp PLC, up 67% at 341.50 pence, 12-month range 170.00p-343.00p. The London-based investment bank agrees to be taken over by Frankfurt-based Deutsche Bank AG. Deutsche Bank will pay 350 pence per Numis share, for a total consideration of about GBP410 million. The transaction is made up of 339p per share, as well as an interim dividend of 6p per share for the first half ended March 31, as well as an additional interim dividend of 5p per share. Deutsche Bank says the acquisition will allow it to "accelerate its Global Hausbank strategy by unlocking a much deeper engagement with the corporate client segment in the UK," with Deutsche Bank gaining more than 170 clients. Numis directors intend to unanimously recommend the takeover offer.

----------

Bens Creek Group PLC, 12% at 17.61 pence, 12-month range 15.06p-98.87p. The North America-focused mine operator completes the delivery of 44,000 tonnes of coal to an unnamed steel producer in India, which it names as the "largest" in the country. This order is part of a larger order to be completed by the end of July. The customer has, after July of this year, the right to order further coal of up to double the current order and the company is "confident" the customer will do so. Notes this is the first time that the company has taken the lead in filling a ship. Explains this is a "significant" development for the company as it means it is now able to directly fill a ship, on a monthly basis, with anywhere between 40,000 and 70,000 tonnes of coal.

----------

AIM - LOSERS

----------

SDX Energy PLC, down 20% at 5.75 pence, 12-month range 5.50p-13.00p. The Middle East and North Africa-focused oil and gas company reports a net production of 3,723 barrels of oil equivalent per day in 2022, marginally ahead of mid-point full-year guidance between 3,480 to 3,795 boed. Total sales volumes fall to 4,898 boed from 5,886 boed. Netback per barrel of oil equivalent drops to USD18.59 from USD20.54. Net revenue drops to USD43.8 million in 2022 from USD53.9 million in 2021. Earnings before interest, tax, depreciation, amortization, and exploration expense drop to USD24.6 million from USD40.0 million. Total comprehensive loss widens to USD35.1 million from USD24.0 million year-on-year. Interim Chair Jay Bhattacherjee says: "We are revaluating our standing in the wider energy sector and will consider all reasonable avenues, including transition fuels and alternative energies, to deliver long term sustainable returns to shareholders."

----------

Zoo Digital Group PLC, down 10% at 164.00 pence, 12-month range 99.20p-219.89p. Zoo Digital, which provides subtitling, dubbing, and media localization services to the TV and movie industry, successfully completes an oversubscribed placing of GBP12.5 million through the issue of 7.8 million shares at a price of 160p each. Says the price represents a discount of 14% to its middle market closing price on Wednesday. Shares represent around 8.7% of its share capital. In additional, company announces a retail offer via the BookBuild platform to raise up to GBP500,000 through the issue of 312,500 shares at a price of 160p each.

----------

By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
13 May 2024 16:39

TRADING UPDATES: Adnams toasts first quarter sales; t42 wins deal

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

Read more
10 May 2024 16:39

EARNINGS AND TRADING: Asiamet Resources declares special dividend

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

Read more
10 May 2024 16:39

EARNINGS AND TRADING: Asiamet Resources declares special dividend

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

Read more
3 May 2024 13:39

TRADING UPDATES: Kelso raises stake in NCC; Transense joins project

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

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
19 Mar 2024 10:44

AIM WINNERS & LOSERS: PHSC notes buyback; Gfinity up on interims

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

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.