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Pin to quick picksBens Creek Share News (BEN)

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Share Price Information for Bens Creek (BEN)

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Share Price: 0.175
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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.

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AIM - WINNERS

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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.

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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.

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AIM - LOSERS

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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."

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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.

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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
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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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.

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6 Mar 2024 16:59

IN BRIEF: Bens Creek up on new USD7.5 million working capital facility

Bens Creek Group PLC - Owner and operator of coal mines across the US - Enters into an amended loan instrument and security agreement with Avani Resources Pte Ltd, a Singapore-based commodities trader, Bens Creek's largest shareholder with a 30% stake. Avani will provide Bens Creek with a working capital facility of USD7.5 million, alongside an additional USD2.5 million at its discretion. To date, Avani has advanced USD5.0 million to Bens Creek, USD4.3 million of which was advanced in February. Avani has also agreed to restructure its outstanding USD6.5 million loan note, issued by Bens Creek in July. Due for repayment in January 2025, the pair have agreed that the loan note shall now be a rolling loan note, remaining open until either its repayment or the event of a default.

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29 Feb 2024 19:42

EARNINGS AND TRADING: East Star, Getech strike Kazakhstan JV

(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:

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27 Feb 2024 21:12

TRADING UPDATES: Armadale Capital eyes Mahenge project financing

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

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22 Feb 2024 18:45

EXECUTIVE CHANGES: M&C Saatchi hires Channel 4 marketing chief as CEO

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:

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9 Feb 2024 10:02

AIM WINNERS & LOSERS: Belluscura shares up as wraps up TMT takeover

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

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9 Feb 2024 09:44

Bens Creek inks new working capital facility after tough start to 2024

(Alliance News) - Bens Creek Group PLC said that operational challenges over the recent period had impacted the company's cash flow, forcing it to update funding arrangements with its largest shareholder.

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9 Feb 2024 09:32

Bens Creek CEO to step down, secures new loan with major shareholder

(Sharecast News) - Coal mine owner Bens Creek revealed on Friday that chief executive Adam Wilson will step down from the role and said it had arranged a new loan with major shareholder Avani.

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8 Jan 2024 09:53

IN BRIEF: Bens Creek quarterly production grows by more than half

Bens Creek Group - owner of a metallurgical coal mine in the US state of West Virginia - Produces 112,342 clean tons of metallurgical coal between October 1 and December 31, reflecting a 53% increase from 73,655 tons in the same period in 2022. Says it was restricted in production in November and December because of a slowdown in the availability of trains in the quarter, particularly in December, which saw a build-up in inventory to around 90,000 tons. This was then reduced to less than 60,000 tons after some deliveries were completed. Notes that the reduced availability of trains was due to coal handling capacity issues at the Port of Norfolk. Chief Executive Officer Adam Wilson says: "This increased production is further enhanced by the reduction of costs per ton from June 2023, and the recent rebound in the metallurgical coal price from its lows of USD191 in August 2023 to USD250 at the current time."

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28 Dec 2023 16:46

London close: Stocks slip as US jobless claims top expectations

(Sharecast News) - London's stock markets experienced a modest decline on Thursday, as the day unfolded with a pronounced lack of significant market-moving developments.

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28 Dec 2023 12:27

London midday: Stocks reverse gains to turn lower at lunchtime

(Sharecast News) - London's stock markets had turned negative by lunchtime on Thursday, reflecting a subdued trading environment during the typically quiet period between Christmas and New Year.

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28 Dec 2023 12:01

Bens Creek losses widen as it maintains operational progress

(Sharecast News) - North American metallurgical coal miner Bens Creek reported a significant first-half milestone on Thursday, as it produced 204,998 tons of clean metallurgical coal, marking a 105% increase compared to the same period last year.

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28 Dec 2023 10:25

AIM WINNERS & LOSERS: Zanaga powers up in the Republic of Congo

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

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28 Dec 2023 09:13

Bens Creek shares fall as interim loss widens; revenue jumps

(Alliance News) - Bens Creek Group PLC shares dropped early Thursday, after it reported that its interim loss widened on higher costs.

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