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Pin to quick picksBorders & Sth. Share News (BOR)

Share Price Information for Borders & Sth. (BOR)

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Share Price: 2.44
Bid: 2.30
Ask: 2.74
Change: -0.02 (-0.79%)
Spread: 0.44 (19.13%)
Open: 2.40
High: 2.44
Low: 2.40
Prev. Close: 2.54
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TRADING UPDATES: Helios Towers seals deal; Ixico client cancels trial

Thu, 08th Dec 2022 16:51

(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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Helios Towers PLC - London-based, Africa-focused telecommunications infrastructure company - Closed acquisition of Omantel's passive infrastructure assets, adding 2,519 sites for consideration of USD495 million. Was previously going to acquire 2,890 sites. Revenue and adjusted earnings before interest, taxation, depreciation and amortisation adjusted downwards to reflect reduced number of sites. Group continues to target acquisition of the 227 further sites from Omantel. Chief Executive Officer Tom Greenwood said: "We are delighted to close the acquisition of Omantel's tower assets. The transaction represents our first in the Middle East, and we enter one of the fastest growing markets for mobile infrastructure in the region with our valued local partner, Rakiza."

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Ixico PLC - London-based AI data analytics company - Says client decides to discontinue phase two trial previously announced by company. Expects to suffer reduction in anticipated revenue of GBP100,000 for 2023. Total reduction in order book GBP600,000. Says market guidance will not be impacted.

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Borders & Southern Petroleum PLC - Independent oil and gas explorer focused on the Falkland Islands - Extends its production licenses PL018, PL019 and PL020, including the Darwin Discovery Area. Licenses were due to expire on December 31. Receives confirmation from Falkland Islands government that revised expiry date will be December 31 2024.

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Guanajuato Silver Co Ltd - Vancouver based mining company with operations near the city of Guanajuato, Mexico - Agrees new USD5 million revolving credit facility with Ocean Partners for operating and working capital purposes. New facility is in addition to existing USD5.0 million credit facility advanced by Ocean Partners in August 2022. A portion of the facility will be used to extinguish approximately USD750,000 of existing debt. Chair & Chief Executive Officer James Anderson said: "Ocean Partners has consistently demonstrated their resolute support for Guanajuato Silver and our vision to build the next mid-tier silver producer in Mexico. This debt facility will strengthen our balance sheet and provide us with additional flexibility as we continue to ramp up precious metals production at our four producing mines."

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By Chris Dorrell, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2022 Alliance News Ltd. All Rights Reserved.

More News
8 Feb 2013 07:19

Friday broker round-up UPDATE

Aggreko: HSBC upgrades to neutral with a target price of 1650p. Anglo American: HSBC ups target price from 1950p to 2240p and upgrades to overweight. Antofagasta: HSBC reduces target price from 1200p to 1160p, while upgrading to neutral. ARM Holdings: Credit Suisse increases target price from 780

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28 Jan 2013 08:44

Borders & Southern gives positive update on Falklands´ fields

Borders & Southern, a London based independent oil and gas exploration company, has cheered investors after revealing that tests on the Darwin structure in the South Falkland Basin have indicated that the potential liquid recovery could be greater than the initial prediction of 130m to 250m barrels.

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18 Dec 2012 07:06

Tuesday broker round-up UPDATE

African Minerals: Deutsche Bank cuts target price from 610p to 600p, while its buy recommendation remains unchanged. Aggreko: Morgan Stanley reduces target price from 2230p to 1670p and keeps an equal-weight rating. Anglo American: Deutsche Bank moves target price from 2520p to 2268p, while the bu

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24 Aug 2012 09:34

Friday broker round-up

African Minerals: Jefferies cuts target from 800p to 550p, buy rating kept. Anglo American: Jefferies downgrades from buy to hold, 2,200p target kept. Ashmore: Citigroup downgrades to sell, target cut from 305p to 300p. Berendsen: Investec maintains buy rating and 570p target; Seymour Pierce down

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17 Aug 2012 09:22

Friday broker round-up

Afren: Goldman Sachs downgrades to neutral. Borders & Southern Petroleum: Goldman Sachs downgrades to neutral. Coastal Energy: Goldman Sachs upgrades to buy. CRH: Credit Suisse downgrades to underperform. ENRC: Nomura cuts target from 500p to 400p, reduce rating kept. Faroe Petroleum: Goldman S

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31 Jul 2012 11:32

Borders and Southern plugs and abandons Stebbing well

Borders and Southern Petroluem, an oil and gas producer, has reported that well 61/25-1 on the Stebbing exploration prospect has been successfully plugged and abandoned, bringing to an end the company's current two well drilling programme. The company announced earlier this month that the prospect

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17 Jul 2012 10:56

Broker tips: SABMiller, CSR, Borders and Southern

Investec has downgraded its rating for drinks giant SABMiller from 'buy' to 'hold' after the recent outperformance in the shares. "SAB has been a strong performer in a UK consumer staples universe that has run hard over the last few months. Though we remain supporters of the medium-term growth narr

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17 Jul 2012 10:55

Broker snap: Borders and Southern downgraded after Stebbing disappointment

Jefferies has downgraded its recommendation for Borders and Southern from 'buy' to 'hold' and slashed its target price for the stock following yesterday's news that the Stebbing exploration prospect was unsuccessful. The group said on Monday that it had found very strong gas shows in the Tertiary s

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17 Jul 2012 08:15

Tuesday broker round-up

ARM: Citigroup cuts target from 730p to 600p, buy recommendation maintained. AstraZeneca: Bernstein reduces target from 3,037p to 3,002p, market perform rating kept. Beazley: JP Morgan Cazenove raises target from 147p to 155p, neutral rating kept. Bodycote: JP Morgan Cazenove cuts target from 437

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16 Jul 2012 16:39

London close: Global growth concerns weigh on stocks

- China's Wen dampens sentiment - IMF cuts global growth forecast - G4S, Tullow, Sage and Barclays lead the fallers The FTSE 100 finished flat on Monday as a late burst of buying helped the benchmark index recover some of its earlier losses on the back of concerns over the global economic outlook.

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16 Jul 2012 11:42

London midday: Footsie flat despite heavy falls for G4S and Barclays

- Chinese economic concerns weigh on sentiment - ECB moves to make senior bondholders share burden - G4S, Barclays, Sage, National Grid lead the fallers on FTSE 100 UK stocks were trading broadly flat by Monday lunchtime, though sentiment had been dampened by concerns over the Chinese economy and c

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16 Jul 2012 08:35

London open: China concerns dampen Footsie; G4S tanks

- China's Wen dampens sentiment - Miners drop on Chinese worries, Nomura comments - G4S tumbles on Olympics contract loss estimates London's benchmark index opened slightly lower on Monday morning as comments from China's Premier weighed heavily on stocks in the mining sector. G4S also took a tumbl

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16 Jul 2012 08:01

Borders and Southern abandons hot prospect

AIM-listed oil and gas group Borders and Southern has found very strong gas shows in the Tertiary section of the 61/25-1 well (Stebbing) but couldn't reach lower targets due to 'anomalous pressure conditions'. "It is very disappointing not to have reached all the potential reservoir targets in this

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23 Apr 2012 09:17

Borders and Southern plunges despite Falkland discovery

Oil and gas explorer Borders and Southern said it made a significant discovery of gas condensate off the coast of the Falkland Islands. However, the find did not please markets and investors dumped the shares, pushing them down almost 30% in morning trading on Monday. Analysts said this was becaus

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22 Feb 2012 11:25

Broker tips: Vedanta Resources, Galliford Try, Oil stocks

Credit Suisse believes that a major restructuring within the businesses of miner Vedanta Resources would be a "strong positive" and continues to see significant upside in the stock. Credit Suisse said that "if the reports are correct and a merger is successful it would not change group consolidate

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