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Pin to quick picksCaspian Sunrise Share News (CASP)

Share Price Information for Caspian Sunrise (CASP)

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Share Price: 3.35
Bid: 3.30
Ask: 3.40
Change: 0.00 (0.00%)
Spread: 0.10 (3.03%)
Open: 3.35
High: 3.35
Low: 3.35
Prev. Close: 3.35
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AIM WINNERS & LOSERS: ImmuPharma order doubles; Aeorema swings to loss

Mon, 25th Mar 2024 10:55

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

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AIM - WINNERS

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ImmuPharma PLC, up 36% at 2.61 pence, 12-month range 0.82p-3.80p. The drug discovery and development company updates on Incanthera PLC's commercial skincare deal, announced in December 2023, with Marionnaud, part of the AS Watson Group. Says the first order from Marionnaud has now doubled to 50,000 units due to the strong demand anticipated by Marionnaud's management. The first order, on track to be delivered during the second quarter of 2024, will generate around GBP2 million in revenue for Incanthera, ImmuPharma said. ImmunPharma holds an 11% stake in Incanthera. ImmuPharma Chief Operating Officer Tim Franklin comments: "As a major shareholder in Incanthera, we are delighted with this further progress and in particular Incanthera's revenue momentum and move into profitability. This highlights the strong financial asset we have in Incanthera and the enormous opportunities within the company's revolutionary skincare range and its partnership with Marionnaud."

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Caspian Sunrise PLC, up 26% at 3.28p, 12-month range 2.20p-7.49p. The Kazakhstan-focused oil and gas exploration and production company said it was mulling the sale of all or part of the BNG contract area's shallow structures at "indicative prices potentially significantly greater than its current carrying value". Says any deal would likely require shareholder approval due to its size of the transaction value relative to the group. "We believe this heightened level of corporate interest in BNG's producing shallow structures is in part the result of the changes last year to the Kazakh oil trading regulations, which now require the production of oil to obtain a trading licence, and the relative scarcity of producing fields with full production licences. The sharp reduction in the discount for international sales referred to below may also have had an effect," the company says. Caspian Sunrise says no binding agreements have been entered into and there is no certainty that discussions will lead to a firm offer or that the board would put an offer before shareholders.

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AIM - LOSERS

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Aeorema Communications PLC, down 19% at 60.5p, 12-month range 55.00p-119.40p. In the six months that ended December 31, swings to pretax loss of GBP243,534 from a profit of GBP326,021 a year earlier. Revenue falls to GBP6.6 million from GBP7.1 million, while administrative expenses rise to GBP1.7 million from GBP1.2 million. Expects full-year revenue of no less than GBP19 million compared to GBP20.2 million in the financial year that ended June 30, 2023. Chair Mike Hale comments: "With a focus on adaptability and forward planning, Aeorema is well positioned for the future and is confident in its ability to deliver sustainable growth and value creation over the long term. We also expect to reaffirm our commitment to shareholders by maintaining our dividend policy. While this half year's financial performance reflects the impact of project timing, we are encouraged by the underlying strength of our business and our pipeline. Our focus remains steadfast on delivering creative brilliance for our clients on a global scale, and sustained growth and value to our shareholders."

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By Greg Rosenvinge, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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12 Jun 2023 14:57

Caspian Sunrise agrees sale of 50pc of Explorer vessel

(Sharecast News) - Gas and oil explorer Caspian Sunrise announced the conditional sale of a 50% stake in the Caspian Explorer drilling vessel for cash consideration of $22.5m on Monday.

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12 Jun 2023 11:55

Caspian Sunrise sells 50% of Caspian Explorer; well hit by sanctions

(Alliance News) - Caspian Sunrise on Monday said it sold 50% of the Caspian Explorer to Stepping Stone Investments Ltd.

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7 Mar 2023 17:11

TRADING UPDATES: Caspian Sunrise signs charter contract, eyes further

(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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7 Mar 2023 16:47

Caspian Sunrise agrees first major hire of Explorer rig

(Sharecast News) - Caspian Sunrise announced the signing a contract chartering the Caspian Explorer, its bespoke drilling vessel, to the Isatay Operating Company on Tuesday, for a well set to be drilled in summer 2024.

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20 Feb 2023 13:26

IN BRIEF: Caspian Sunrise says 2024 charter agreement terms finalised

Caspian Sunrise PLC - oil and gas exploration company operating in Central Asia, especially in Kazakhstan - Says the terms of the charter agreement for the drilling vessel Caspian Explorer, previously announced for 2024 in mid-January, have now been agreed. Says the formal signing is scheduled for late March.

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30 Jan 2023 12:12

Caspian Sunrise notes oil flow at deep well 802 before completion

(Alliance News) - Caspian Sunrise PLC on Monday said that its deep well 802 at the BNG contract area in the south-west of Kazakhstan is flowing at between 700 to 900 barrels of oil per day, as oil was discovered before the well was completed.

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16 Jan 2023 11:51

IN BRIEF: Caspian Sunrise shares up on tender win to drill well

Caspian Sunrise PLC - Kazakhstan-focused oil & gas exploration and production company - Says its bespoke drilling vessel Caspian Explorer wins a tender to drill a deep well in the Caspian Sea, with the formal contract expected to be signed by the end of February. Says the well is scheduled to be drilled in the summer of 2024, to a planned depth of 2,500 meters. Expects work to take about two months.

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22 Dec 2022 10:51

Caspian Sunrise expecting deep well drilling results by end of January

(Alliance News) - Caspian Sunrise PLC on Thursday said drilling continued in its deep wells, as work progresses to increase shallow well production.

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11 Nov 2022 08:42

LONDON MARKET OPEN: Prudential and miners rise on positive China news

(Alliance News) - China exposed stocks led the way in London on Friday morning, while the pound continued to get a boost from a cooler-than-expected US inflation reading, despite glum UK economic figures.

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7 Nov 2022 10:47

AIM WINNERS & LOSERS: PayPoint buys Appreciate; Joules sinks

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

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4 Nov 2022 13:48

Caspian Sunrise declares its first ever dividend

(Sharecast News) - Caspian Sunrise declared its maiden dividend, as well as the creation of a new oil trading division, in an update on Friday.

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4 Nov 2022 11:04

AIM WINNERS & LOSERS: Enwell loses Ukraine license; Thor strikes gold

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

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4 Nov 2022 10:58

Caspian Sunrise shares soar on plan to avoid Russia price discount

(Alliance News) - Caspian Sunrise PLC on Thursday announced the creation of a new oil trading division, updated on its current operations, and declared a maiden dividend of 0.04 pence per share.

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26 Sep 2022 13:38

EARNINGS UPDATES: Devolver Digital and Jangada swing to interim loss

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

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27 Jun 2022 11:29

AIM WINNERS & LOSERS: CareTech accepts offer; Caspian loss widens

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

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