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

Share Price Information for Block Energy P. (BLOE)

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TRADING UPDATES: Symphony International net asset value falls

Tue, 12th Dec 2023 15:59

(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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Symphony International Holdings Ltd - Asia-focused investment company focusing on healthcare, hospitality, lifestyle, logistics and education sectors - Says net asset value per share at September 30 third-quarter end totals USD0.7058, down 11% quarter-on-quarter from USD0.7862 at end of June. Reports "decline in value of unlisted investment, particularly in the lifestyle and new economy sectors".

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Doric Nimrod Air Two Ltd - investment firm which acquires, leases and then sells aircraft - Will return GBP59.2 million to shareholders following sale of A380 aircraft to Emirates. That sale has now been completed. Return to be conducted through partial compulsory redemption of two ordinary preference shares for every seven shares in the company. Redemption price is 120 pence per share.

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Windward Ltd - maritime predictive intelligence company - Says has continued to win new customers in "all business lines" as momentum continues as 2023 draws to close. Says wins deal with Argentina's maritime law enforcement agency. The agency will use "Windward's AI platform to address security, economic and environmental threats in the maritime domain to augment its maritime domain awareness". Says new customers in Ocean Freight Visibility offering include logistics provider Scan Global Logistics. Windward adds: "We are also pleased to report the first paying customers via the previously announced LSEG partnership, which is expected to drive further revenue in 2024." Finally, "current sanctions environment" is boosting demand for Windward's compliance product. It recently signed a deal with its first UK ship broker who will use the compliance platform in their own operations. It expects results for 2023 to be in line with market expectations.

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Block Energy PLC - exploration and production company focused on Georgia - Reports results from independent resource report covering Didi Lilo in Georgia. Says best estimate gross oil and gas resources amount to 271.6 million barrels of oil equivalent. Best estimate of net present value with 10% totals USD223.4 million. Mean gross oil and gas resources amount to 302.8 million boe and net present value, at 10% discount, totals USD272.7 million. "This independent subsurface validation, plus the significant commercial work, bolsters our confidence in the potential of Project IV and we look forward to updating shareholders on progress made to crystalise this significant opportunity in due course," Chief Executive Officer Paul Haywood says.

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RBG Holdings PLC - London-based legal and professional services firm - Extends borrowing facilities with HSBC. Renewed facility runs to end of 2025 and totals GBP24.5 million. It replaces GBP21.5 million facilities which had been due to expire in April 2024. The interest rate on the renewed facility will remain the same as for the previous facilities, a margin of 2.4% to 3.15% over the Sterling Overnight Index Average, resulting in a current effective rate of 8.3%.

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Kistos Holdings PLC - London-based low carbon intensity hydrocarbon producer - Says notified Nordic Trustee AS of exercise of call option and redemption of all outstanding bonds. Of original EUR150.0 million bonds, EUR73.2 million has been repurchased. It will redeem outstanding EUR76.8 million under both its bond issues at redemption price equal to 102.5% of nominal amount for each bond. "The redemption of the Kistos NL2 BV bonds from our cash resources will boost Kistos' profitability by reducing our net interest costs. By removing certain covenants contained in the bond terms, it will also enhance our financial flexibility," Executive Chair Andrew Austin says.

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By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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