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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.

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22 Feb 2012 09:49

Broker snap: Strong read-across for Cove peers after Shell bid

Merchant Securities has highlighted potential for sector peers of Cove Energy after Royal Dutch Shell launched a bid for the AIM-listed oil and gas producer this morning. Shares in AIM-listed Cove Energy jumped after Anglo-Dutch integrated oil company Shell launched a bid of 195p per share. The dea

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22 Feb 2012 08:35

London open: Footsie slips as ex-div stocks provide a drag

- Shell makes near-£1bn bid for Cove Energy. - Markets digest Greek bailout, China data. - Ex-div stocks provide a drag. The FTSE 100 slipped slightly into the red in the opening hour on Wednesday as investors continue to digest the Greek bailout approved on Monday night. Meanwhile, Chinese manufac

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1 Feb 2012 08:02

Borders & Southern spuds Falklands well

AIM-listed hydrocarbon explorer Borders & Southern (B&S) says that the exploration well 61/17-1, south of the Falklands, was spudded yesterday. The well, which is the first of a two-well exploration programme on licence PL018, is designed to test the Darwin East prospect, "a fault / dip closed stru

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13 Jan 2012 10:04

Falkland Oil slides after discounted placing

Falkland Oil and Gas (FOGL), one of the firms hoping to discover substantial oil resources around the Falkland Islands, saw its share price sink after placing shares at a steep discount. The company has raised £48.5m through the placing of 112.8m shares at 43p per share, more than 7p below the mid-

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11 Jan 2012 08:56

Wednesday broker round-up - UPDATE

Unilever: Bank of America Merrill Lynch downgrades to underweight from neutral. Aggreko: Credit Suisse downgrades to neutral from outperform. Capita: Citi upgrades to buy from neutral. Reckitt Benckiser: Morgan Stanley upgrades to overweight from neutral. Rentokil: RBC upgrades to top-pick fr

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20 May 2011 12:04

Borders & Southern set for Falklands drilling

Oil exploration group Borders & Southern said it has made strong progress towards testing the exploration potential of its prospects in the Falkland Islands in the past year. Losses from operations in the year to 31 December widened to $1.5m (£930,000) from $1.2m the previous year. "We've signed

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29 Nov 2010 07:56

Borders & Southern hires Falklands drill unit

Borders & Southern Petroleum has bought the services of the Eirik Raude drilling unit to help it complete a two well drilling programme in the Falkland Islands. The company, which signed the contract with Ocean Rig UDW Inc, will be able to start drilling when the harsh environment semi-submersible

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30 Sep 2010 11:28

Small caps round-up: Armor Designs, Borders & Southern, Park Plaza...

Armor Designs, which develops lightweight armor, admits there's "much work to be done" after net losses grew from $6.8m to $7.8m in the first six months of 2010 despite an increase in sales to $577,000. "We continue to pursue new capital in order to allow us to move quickly to improve our results a

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12 Jul 2010 12:53

2nd UPDATE: Falkland Oil & Gas Falls As Toroa Disappoints

(Adds analyst comment and detail.) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Oil and gas explorer Falkland Oil & Gas Ltd. (FOGL.LN) Monday said it didn't find oil at an exploration well off the coast of the Falkland Islands, marking the second disappointment in a mixed

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12 Jul 2010 09:03

UPDATE: Falkland Oil & Gas Falls As Toroa Disappoints

(Adds background and detail.) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Oil and gas explorer Falkland Oil & Gas Ltd. (FOGL.LN) Monday said it didn't find oil at an exploration well off the coast of the Falkland Islands, marking the second disappointment in a mixed campa

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20 May 2010 12:55

Small caps round-up: Borders & Southern, Rockhopper, Caza,

Oil and gas group Borders & Southern Petroleum is to join the rush to find oil near the Falkland Islands after raising funds last year. 'Our successful capital raise in November allows us to comfortably fund a drilling programme on our exciting prospects in the South Falkland Basin without diluting

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28 May 2009 09:02

Small caps round-up: Borders & Southern, AT Communications, Scapa ...

Falklands Islands-focused oil group Borders and Southern said it is ready to seek partners for its licenses after defining a multi-billion barrel prospect inventory in the South Falkland Basin. The group posted a pre-tax loss of £4.7m in 2008, compared with £336,000. While noting that the price of

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