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Pin to quick picksCaspian Sunrise Share News (CASP)

Share Price Information for Caspian Sunrise (CASP)

London Stock Exchange
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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.

More News
11 Jul 2019 14:30

Caspian Sunrise Upgrades MJF Licence To Sell Oil For Higher Price

(Alliance News) - Caspian Sunrise PLC on Thursday said it has received the "much anticipated" MJF licence upgrade, securing the right to sell the majority of oil, produced from the the a

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21 Jun 2019 12:14

Caspian Sunrise Clears Another Hurdle For MJF Licence In Kazakhstan

(Alliance News) - Caspian Sunrise PLC on Friday said it has received the signed protocol from the Ministry of Energy for the MJF licence in Kazakhstan.Shares in Caspian Sunrise were up 5.1%

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21 Jun 2019 09:21

Caspian Sunrise clears 'final major hurdle' in MJF licence upgrade

(Sharecast News) - Caspian Sunrise updated the market on its flagship BNG asset on Friday, confirming that the signed protocol from the Kazakhstan Ministry of Energy has been received.

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19 Jun 2019 12:30

Caspian Sunrise BNG Interval Larger Than Previously Believed

(Alliance News) - Caspian Sunrise PLC on Wednesday reported the "very good news" that an interval at the BNG asset in western Kazakhstan is larger than previously thought.Earlier

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19 Jun 2019 11:23

Caspian Sunrise pleased with progress at BNG asset

(Sharecast News) - Caspian Sunrise updated the market on operations at its flagship BNG asset on Wednesday, following its announcement that the interval of interest at Deep Well A8 extended 110 metres from a depth of 4,346 metres.

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7 Jun 2019 09:22

Caspian Sunrise Reports Oil Bearing Carbonate At A8 Well In Kazakhstan

LONDON (Alliance News) - Caspian Sunrise PLC on Friday said that initial drilling at its deep well A8 on the BNG asset in Kazakhstan showed it contains oil-bearing carbonate.Shares in the a

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4 Jun 2019 11:35

Caspian Sunrise Production Drops In May As Overworked Wells Decline

LONDON (Alliance News) - Caspian Sunrise PLC said production from shallow wells at its BNG asset in Kazakhstan declined in May as production from overworked wells fell particularly in the oil and

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29 May 2019 10:45

Latest Caspian Sunrise Drill Sample Continues Positive Indications

LONDON (Alliance News) - Caspian Sunrise PLC on Wednesday reported an encouraging result from a third sample from a well in western Kazakhstan.Caspian Sunrise spudded Deep Well A8 on the in

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28 May 2019 12:54

Caspian Sunrise Progresses On Collection Of Third Core Sample From BNG

LONDON (Alliance News) - Caspian Sunrise PLC on Tuesday said work has commenced to take a third core sample from Deep Well A8 on the Airshagyl structure at its flagship BNG contract area in Well a

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24 May 2019 10:31

Caspian Sunrise Trims Annual Loss, Sees Potential At BNG In Kazakhstan

LONDON (Alliance News) - Caspian Sunrise PLC on Friday said its loss narrowed slightly in 2018 following double-digit growth in revenue and a sharp reduction in operating expenses.In the A8

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10 May 2019 12:51

Aukett Swanke Hires appScatter Chair Carver As Independent Director

LONDON (Alliance News) - Aukett Swanke Group PLC on Friday said it appointed Clive Carver as an independent non-executive director.The architectural services company said Carver is a and as

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9 May 2019 14:04

Caspian Sunrise Recovers Oil Bearing Rock At Deep Well A8

LONDON (Alliance News) - Caspian Sunrise PLC on Thursday said it recovered an oil bearing rock, indicating the presence of an oil-bearing interval, at its deep well A8 in Kazakhstan.The was

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15 Apr 2019 10:45

Caspian Sunrise Reports Higher Production From BNG Shallow Wells

LONDON (Alliance News) - Caspian Sunrise PLC said on Monday it has achieved increased production at the shallow wells in its BNG contract area in Kazakhstan, and also reported progress on its deep

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13 Mar 2019 14:22

Caspian Sunrise Makes Steady Progress At BNG Licence In Kazakhstan

LONDON (Alliance News) - Caspian Sunrise PLC said Wednesday it is "pleased" with the steady progress it is making at its flagship BNG contract area in Kazakhstan.At the A5 deep to

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25 Jan 2019 13:34

Caspian Sunrise Appoints Lawyer Timothy Field To Board

LONDON (Alliance News) - Caspian Sunrise PLC said Friday that it has appointed Timothy Field as non-executive director with immediate effect.Field - a corporate lawyer - is currently the of

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