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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
2 Aug 2022 14:09

Bens Creek working to recover from Appalachia flooding

(Sharecast News) - Coal mine owner Bens Creek updated the market on its infrastructure on Tuesday, following severe flooding in the western part of West Virginia and in Eastern Kentucky since 27 July.

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25 Jul 2022 14:17

IN BRIEF: Bens Creek falls on weak coal price due to Russian coal bans

Bens Creek Group PLC - operates metallurgical coal mine in US state of West Virginia - Estimates that coal production from April to July was likely to be around 80,000 clean tonnes. Anticipates monthly production from August onwards to be to roughly 40,000 clean tonnes, or 80,000 raw tonnes. This is in line with its production targets and will be enabled by underground mining, which started recently. Sold 44,000 raw tonnes to Integrity Coal Sales Inc from December to March 31. Notes the last two months have seen considerable market price volatility for coal.

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12 Jul 2022 10:27

IN BRIEF: Bens Creek hires Murat Erden as new chief financial officer

Bens Creek Group PLC - London-based mining company focused in North America - Hires ARCH Emerging Markets Partners Chair Murat Erden as its new chief financial officer, effective immediately. Bens Creek says Murat has over 25 years of experience in private equity, banking and technology. He served as the chair of private equity firm ARCH since 2018. Prior to that, he served as the CFO of NYSE-listed Turkcell, a communication and information technologies company.

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12 Jul 2022 07:45

Bens Creek names Murat Erden as CFO

(Sharecast News) - Coal mine owner Bens Creek has tapped Murat Erden to take over as chief financial officer of the group, with immediate effect.

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29 Jun 2022 14:28

IN BRIEF: Bens Creek knows no reason behind fall in share price

Bens Creek Group PLC - London-based mining company focused in North America - Notes recent drop in share price, and confirms it knows "no specific reason" for the share price movement. "The company confirms that there has been no material developments since the update released by the company on June 27 2022," the firm says.

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27 Jun 2022 14:58

IN BRIEF: Bens Creek expects boost to monthly production capacity

Bens Creek Group PLC - London-based mining company focused in North America - Says it expects an "increase in production capacity to up to 80,000 tons per month" at its two highwall miners. It says the supply of a second highwall miner by Mega Highwall Mining LLC will be completed during July this year. Bens Creek expects the second highwall miner to have a production target of between 32,000 and 40,000 tons of metallurgical coal per month.

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16 Jun 2022 18:21

IN BRIEF: Bens Creek notes favourable report on West Virginia assets

Bens Creek Group PLC - London-based mining company focused in North America - Reports updated reserve base evaluation undertaken by Marshall Miller & Associates Inc of its coal properties in Mingo County, West Virginia.

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8 Jun 2022 12:17

TRADING UPDATES: City Pub Jubilee boost; Fulham Shore fights inflation

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

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6 Jun 2022 12:10

TRADING UPDATES: Nanoco ups outlook; Seeing Machines 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:

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6 May 2022 11:53

Bens Creek CFO to resign as firm seeks further independence from MBU

(Alliance News) - Bens Creek Group PLC on Friday announced steps to increase independence from its largest shareholder, MBU Group Capital Ltd.

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6 May 2022 11:46

Bens Creek working to increase independence from biggest shareholder

(Sharecast News) - North American coal miner Bens Creek Group said in an update on Friday that it was taking "a number of steps" to increase its independence from its largest shareholder MBU Group Capital.

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14 Apr 2022 21:36

TRADING UPDATES: Polar Capital assets up; Brooks Macdonald funds fall

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

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14 Apr 2022 12:19

Bens Creek enters sublease to mine adjacent land

(Sharecast News) - North American coal miner Bens Creek announced on Thursday that its BC Operations subsidiary has entered into a coal sublease agreement with Star Ridge Land.

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14 Mar 2022 11:32

Bens Creek upbeat on latest production, delivery data

(Sharecast News) - North American metallurgical coal miner Bens Creek updated the market on production and deliveries on Monday, confirming completion of the first purchase order from Integrity Coal Sales of 17,000 raw tonnes - equivalent to around 9,000 clean tonnes.

Read more
14 Mar 2022 11:26

Bens Creek jumps monthly coal supply deal and positive price outlook

(Alliance News) - Bens Creek Group PLC said on Monday it will supply 264,000 tonnes of raw coal to New York-based coal supplier Integrity Coal Sales Inc on monthly basis beginning from April.

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