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TRADING UPDATES: Newbury revenue gallops; Bens Creek gets green light

Thu, 22nd Sep 2022 17:46

(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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Good Energy Group PLC - Chippenham, England-based renewable energy supplier - Zap-Map investee teams with Nissan Motor Co. Partnership means buyers of Nissan electric vehicles are given premium Zap-Map subscription. Zap-Map is an electric vehicle charge point mapping service.

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Bens Creek Group PLC - operates metallurgical coal mine in US state of West Virginia - Says Department of Environmental Protection in West Virginia grants initial five-year permit to mine "much larger area" than is currently being mined by highwall mining contractor. Permit allows firm to deploy second highwall miner. "This will enable the company to steadily increase its production of metallurgical coal from current levels as it seeks to achieve its monthly production targets, as previously announced," Bens Creek says.

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Trakm8 Holdings PLC - Birmingham-based telematics and data insight provider - Says during first five months of financial year, new Insurance unit sales were up 78% year-on-year. New fleet sales, however, down 4%. "As a result, overall connections have grown by 13% during the five-month period to 299,000," company says. "We expect that the number of connections will continue to grow significantly in the second half of the year, which will be the driver for increased recurring revenues."

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Time Finance PLC - Bath, England-headquartered funding solutions provider - Revenue in year ended May 31 falls 2.4% to GBP23.6 million from GBP24.2 million. Pretax profit falls 48% to GBP1.1 million from GBP2.0 million. "Very pleasing progress has been made against the group's medium-term strategic plan that was launched in June 2021 and I am very positive about the delivery of strong and sustained results over the next few years," Non-Executive Chair Tanya Raynes says. In first quarter of new year, revenue up 12% to GBP6.3 million from GBP5.6 million a year earlier. Pretax profit jumps to GBP900,000 from GBP400,000. "The increase in revenue is driven by solid growth in the lending book," Time Finance says.

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Newbury Racecourse PLC - Newbury, England-based racing, entertainment and events company - Revenue in first half of 2022 rises 46% to GBP7.8 million from GBP5.4 million a year earlier. Swing to pretax profit of GBP217,000 from GBP336,000 loss a year earlier. Better outturn comes as raceday attendances jump to 57,300 from 4,400 a year earlier. "Fifteen meetings held with a paying attendance crowd compared with two meetings (plus ten held behind closed doors) in 2021," Newbury Racecourse says.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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7 Jun 2024 16:06

IN BRIEF: Bens Creek elects to liquidate the company

Bens Creek Group PLC - owner and operator of metallurgical coal mines across North America - Elects to liquidate the company. This follows a board meeting and subsequent discussions with its advisers. Appoints Hill Dickinson for the process, and will commence immediate proceedings. Expects shortly to make an application to the courts. Under the circumstances cancels the previously announced general meeting which was to be held on Monday.

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21 May 2024 21:50

TRADING UPDATES: CVS sells Dutch and Irish loss-making businesses

(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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16 May 2024 20:09

TRADING UPDATES: Bens Creek considers administration; Nexxen inks deal

(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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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:

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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:

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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:

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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:

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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