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Pin to quick picksBlock Energy P. Share News (BLOE)

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TRADING UPDATES: Lords, Personal revenue up; Block Energy drills well

Tue, 26th Jul 2022 15:17

(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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Ergomed PLC - Guildford, England-based service provider to the biopharmaceutical industry - Records total revenue of GBP69.9 million in the first half of 2022, up 25% from GBP56.0 million a year before. Order book stands at GBP284.5 million on June 30, up 19% year-on-year from GBP239.7 million. Cash balance as at June 30 totals GBP12.0 million down from GBP24.6 million on the same date a year before. Expects revenue and adjusted earnings before interest, tax, depreciation and amortization for 2022 to be in line with current market expectations.

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Personal Group Holdings PLC - employee benefits - Reports "positive" trading for the first half of 2022. Achieves revenue and adjusted Ebitda growth in line with expectations. Sees good momentum across its largest two divisions - Affordable Insurance and Benefits Platform. Completes the acquisition of Quintige Consulting Group Ltd at the end of the period. Says it is "confident" about its future. "Personal Group is, I believe, well positioned within a growing market with an increasingly relevant offering. We are now putting the impact of previous pandemic lockdowns firmly behind us and with the current momentum and increasing scale of the business, we are on course to deliver revenue and Ebitda growth for the full year, in line with expectations," Chief Executive Deborah Frost says.

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Kooth PLC - London-based digital mental health platform - Says it has a strong pipeline of contracts that it expects to be signed in the second half of 2022. Net cash as at June 30 stands at GBP8.3 million, down from GBP7.1m on the same date a year before. Expects full-year results within market expectations. Believes that the ongoing transition within UK public healthcare from Clinical Commissioning Groups to Integrated Care Systems provides an opportunity for the group to deepen further its relationships in this sector.

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NewRiver REIT PLC - real estate investment trust - Records strong rent collection of 96% in the first quarter ended June 30. Says occupancy increased to 97% from 96% as at March 31. Cash position improves to GBP93 million as at June 30 from GBP88 million as at March 31. "First quarter trading is in-line with our expectations and is underpinned by resilient operational metrics. We continue to make progress on our work out disposals, and we are seeing high occupancy, strong cash collection and consistent leasing outperformance despite the more challenging economic backdrop," Chief Executive Allan Lockhart comments.

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Lords Group Trading PLC - London-based distributor of building, plumbing, heating and DIY goods - Reports revenue growth of 20% in the first half of 2022 to GBP214.7 million from GBP179.0 million a year before. Expects adjusted Ebitda to grow 33% to GBP14.0 million from GBP10.5 million a year before. Says positive trading momentum has continued in the second half of 2022.

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Rockhopper Exploration PLC - Salisbury, England-based oil & gas exploration and production company - Receives all regulatory consents from the Falkland Islands Government and the UK Secretary of State for a transaction between the company, Harbour Energy PLC, and Navitas Petroleum LP. Says that the Falkland Islands Government agreed to grant a two-year licence extension to all the licences held by Rockhopper in the North Falkland Basin, as part of the transaction. The licences will run until November 1, 2024.

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Firering Strategic Minerals PLC - operator of Atex dual lithium-tantalum project in Ivory Coast - Plans to deliver "results" from its Atex drilling programme in the second half. It will target the lithium-bearing pegmatites. The project is located in West Africa.

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Block Energy PLC - London-based oil and gas company focused in Georgia - Starts project II with the drilling of the JSR-01DEEP well, as part of the redevelopment of the Patardzeuli Middle Eocene reservoir located in Georgia. Says well JSR-01DEEP will involve the deepening of the existing well JSR-01, which was drilled by a previous operator in 2013. The project is funded from cash generated from current operations. Says it will run at the same time as project I.

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Dekel Agri-Vision PLC - West Africa-based agriculture company - Says its two new operational projects in Ivory Coast, producing palm oil and cashews, will provide two new material revenue streams. Expects "material" step up in revenue and profit in 2023 and beyond. "The exposure to one commodity has been evident during the first half of 2022 where we experienced continued record CPO pricing but also the lowest first half peak harvest period we have seen. We consider the decrease in fruit to be seasonal and a normalisation of the fruit level, together with continued high CPO prices, means the palm oil operation is well placed to continue to deliver strong results," says Chief Executive Youval Rasin. Says it has potential for revenue to surpass EUR50 million in 2023 for the first time.

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Kazera Global PLC - diamonds and rare earths explorer in South Africa and Namibia - Receives first payment of USD100,000 under from lithium investment deal for lithium produced from its mine at Tantalite Valley in Namibia.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
26 Jul 2023 13:22

IN BRIEF: Block Energy announces spud of WR-34Z well in West Rustavi

Block Energy PLC - London-based oil and gas exploration and production company which operates the West Rustavi, Norio and Satshenisi oil fields in Georgia - Announces spud of development well WR-34Z in West Rustavi. Says well forms part of the development of 3.01 million barrels of oil gross 3P reserves, with a net present value of USD57.0 million.

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5 Jul 2023 10:29

Block Energy oil production rises in second quarter

(Alliance News) - Block Energy PLC said on Wednesday that its oil production increased quarter-on-quarter, and announced that Guram Maisuradze had been appointed chief operating officer.

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13 Jun 2023 15:54

UK shareholder meetings calendar - next 7 days

Wednesday 14 June 
abrdn Property Income Trust LtdAGM
abrdn Smaller Companies Income Trust PLCAGM
Andrews Sykes Group PLCAGM
Aquila Energy Efficiency Trust PLCAGM
Aurrigo International PLCAGM
Brave Bison Group PLCAGM
Christie Group PLCAGM
Foresight Solar Fund LtdAGM
IGas Energy PLCAGM
International Consolidated Airlines Group SAAGM
Iofina PLCAGM
James Fisher & Sons PLCAGM
Liberty Global PLCAGM
M&C Saatchi PLCAGM
Octopus Titan VCT PLCAGM
Petards Group PLCAGM
Thursday 15 June 
Amaroq Minerals LtdAGM
Anexo Group PLCAGM
ASA International Group PLCAGM
Baillie Gifford China Growth Trust PLCAGM
Chapel Down Group PLCAGM
Directa Plus PLCAGM
Everyman Media Group PLCAGM
HC Slingsby PLCAGM
Inspecs Group PLCAGM
Informa PLCAGM
IP Group PLCAGM
LBG Media PLCAGM
M&G Credit Income Investment Trust PLCGM re amendment to the company's articles of association
Novacyt SAAGM
OTAQ PLCAGM
Parity Group PLCAGM
PetroTal CorpAGM
Pollen Street PLCAGM
Shaftesbury Capital PLCAGM
Southern Energy CorpAGM
Friday 16 June 
Alpha Growth PLCAGM
Anglo-Eastern Plantations PLCAGM
Gulf Keystone Petroleum LtdAGM
John Lewis of Hungerford PLCGM re proposed cancellation of admission to trading on AIM
Tesco PLCAGM
Woodbois LtdAGM
Monday 19 June 
All ThingsConsidered Group PLCAGM
Blackbird PLCAGM
Finsbury Food Group PLCAGM
Globalworth Real Estate Investments LtdAGM
Marlowe PLCGM re proposed capital reduction
Metals Exploration PLCAGM
Red Rock Resources PLCGM re security conversion into shares for cash
Savannah Resources PLCAGM
Tuesday 20 June 
Acceler8 Ventures PLCAGM
Afentra PLCAGM
Armadale Capital PLCAGM
Bay Capital PLCAGM
Blackrock Smaller Companies Trust PLCAGM
Block Energy PLCAGM
Corero Network Security PLCAGM
Coro Energy PLCAGM
Crimson Tide PLCAGM
Curtis Banks Group PLCAGM
EPE Special Opportunities LtdAGM
ICG-Longbow Senior Secured UK Property Debt Investments LtdAGM
Jersey Oil & Gas PLCAGM
Kore Potash PLCAGM
Lords Group Trading PLCAGM
Mission Group PLCAGM
North Atlantic Smaller Cos Investment Trust PLCAGM
Red Capital PLCAGM
Saga PLCAGM
SDX Energy PLCAGM
Skillcast Group PLCAGM
Zegona Communications PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
11 May 2023 11:47

Block Energy shares soar as production growth drives yearly revenue

(Alliance News) - Block Energy PLC on Thursday said growth in production and improved oil pricing led its annual double-digit revenue growth.

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17 Apr 2023 16:34

TRADING UPDATES: Anglo Asian gold output down; Faron hails antibody

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

Read more
11 Apr 2023 10:50

IN BRIEF: Block Energy shares surge on deal with Georgia ministry

Block Energy PLC - London-based oil and gas exploration and production company focused on Georgia - Signs a deal with the Ministry of Economy & Sustainable Development of Georgia for an undisclosed sum. Says the deal will cover government support and initiatives for the developments of projects I, II, III and IV through "data sharing, cooperation and the facilitation of meetings with national and regional large oil companies".

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11 Apr 2023 10:34

AIM WINNERS & LOSERS: Spectral MD to move Nasdaq in Spac deal

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

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6 Apr 2023 15:36

Block Energy pulls pin on Covid salary sacrifice scheme

(Sharecast News) - Georgia-focussed developer and producer Block Energy announced the termination of its salary sacrifice scheme on Thursday, effective from 1 April.

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6 Apr 2023 12:00

LONDON MARKET MIDDAY: FTSE 100 higher ahead of US employment data

(Alliance News) - Stock prices in London were higher at midday on Thursday, as investors cautiously look ahead to a key US labour market reading out this afternoon.

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6 Apr 2023 10:32

AIM WINNERS & LOSERS: Block Energy up as financial position improves

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

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6 Apr 2023 10:04

Block Energy ends salary sacrifice as financial position improves

(Alliance News) - Block Energy PLC on Thursday said it terminated its salary sacrifice scheme on Friday last week, as its financial position has improved.

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3 Apr 2023 11:51

Block Energy project performance encouraging amid WR-B01Za results

(Alliance News) - Block Energy PLC said on Monday that Project I continues to perform better than predicted.

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9 Mar 2023 14:29

IN BRIEF: Block Energy jumps on farm-out at licence XIB in Georgia

Block Energy PLC - Georgia-focused oil and gas exploration and production company - Completes farm-out agreement of part of licence XIB with Georgia Oil & Gas Ltd. Block Energy now holds a 50% interest in the new Didi Lilo and South Samgori areas of XIB. Adds that Georgia Oil & Gas have completed the seismic activities agreed under the farm-out agreement.

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28 Feb 2023 14:33

TRADING UPDATES: Celsius hails MCB assays; Brandshield revenue rises

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

Read more
28 Feb 2023 10:33

AIM WINNERS & LOSERS: Safestay rises as young people travel again

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

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