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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.

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IN BRIEF: Bens Creek issues USD6.0 million loan note to ACAM

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18 Feb 2022 14:49

Bens Creek raises $6m to fund future acquisitions

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IN BRIEF: Bens Creek jumps as sale and delivery of coal commences

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Bens Creek starts delivering metallurgical coal ahead of plan

(Sharecast News) - North America-focussed metallurgical coal miner Bens Creek Group announced on Monday that, following discussions with its offtake partner Integrity Coal Sales of New York, it had started the sale and delivery of metallurgical coal.

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Bens Creek upbeat on results of coal analysis

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EARNINGS UPDATES: Insig AI momentum builds; Scotgold makes strides

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IN BRIEF: Bens Creek enters lease for property near coal mine

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IN BRIEF: Bens Creek signs offtake agreement with Integrity Coal Sales

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