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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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Change: 0.00 (0.00%)
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TRADING UPDATES: Forterra lifts yearly dividend on profit surge

Thu, 09th Mar 2023 14:29

(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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Forterra PLC - Northampton, England-based building product manufacturer - Posts revenue of GBP455.5 million for 2022, up 23% from GBP370.4 million a year earlier. Pretax profit is GBP72.9 million, up 28% from GBP56.8 million, as operating profit rises by 25% to GBP75.0 million from GBP60.1 million in 2021. Earnings before interest, tax, depreciation and amortisation amounts to GBP91.5 million, up 20% from GBP76.5 million a year earlier. Declares a total dividend of 14.7 pence per share, up 49% from just 9.9p a year prior. Looking ahead, says 2023 expectations are unchanged. "The short-term outlook for the UK housing market remains uncertain. We saw signs of softening demand towards the end of 2022, and this continued into 2023, partly driven by customer inventory reduction. Whilst we expect demand for our products to fall in 2023 relative to 2022, we are encouraged by falling mortgage rates and recent reports of improving reservation rates," Chief Executive Officer Stephen Harrison says.

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Oriole Resources PLC - Exploration company focused on West Africa - Pretax loss for 2022 widens to GBP2.0 million from GBP1.6 million in 2021, as administrative expenses increase to GBP1.2 million from GBP1.1 million. Operating loss is GBP540,000, compared to GBP1.4 million in 2021. CEO Tim Livesey says: "We are pleased to celebrate yet another year of exploration success in Cameroon in 2022."

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Bens Creek Group PLC - mining company focused on North America - Says Murat Erden to resign as chief financial officer after one year with the firm, effective from July 12. Erden says he will no longer be able to commit to the CFO role due to the two earthquakes and associated aftershocks which have badly affected his hometown in Turkey. "We wholeheartedly thank Murat for his contribution to the growth of Bens Creek, we are hugely saddened by the events in his hometown within Turkey," says Chief Executive Officer Adam Wilson.

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Silver Bullet Data Services Group PLC - London-based provider of digital transformation services and products - Says it has delivered a strong operational performance with earnings before interest, tax, depreciation and amortisation in line with expectations for 2022, along with year-on-year revenue growth of over 50%. In the fourth quarter of 2022, records GBP3.4 million of books, which will flow into 2023. Says continues to trade well while managing its business model and cost base in lien with macro environment. Expects to announce results for 2022 on May 30.

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Strategic Equity Capital PLC - specialist alternative equity trust, maintaining a portfolio of UK smaller companies - Net asset value per share stands at 293.08 pence per share as at December 31, down 7.3% from 316.21p at June 30. NAV total return in the six months is negative 6.7%, underperforming the FTSE Small Cap total return index of negative 1.1%. This is compared to a positive 1.9% in the same period a year earlier. Declares no dividend for the period, unchanged from a year prior. "Weaker market conditions and an uncertain economic backdrop in the UK and globally will inevitably throw up more challenges as 2023 progresses," Strategic adds.

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By Xindi Wei, Alliance News 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

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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

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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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