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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: 3.50
Bid: 3.40
Ask: 3.60
Change: -0.10 (-2.78%)
Spread: 0.20 (5.882%)
Open: 3.60
High: 3.60
Low: 3.50
Prev. Close: 3.60
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UPDATE 1-UK online grocer Ocado's quarterly sales dented by March snow

Tue, 20th Mar 2018 07:45

LONDON, March 20 (Reuters) - British online supermarketOcado said on Tuesday trading in the final week of itsfirst quarter was dented by the snow storms that blastedBritain, though it did meet its latest guidance.

The cold snap, which had arrived from Siberia in early Marchand was dubbed the Beast from the East, badly hit Britain'stransport networks.

Ocado, which warned on annual earnings last month, saidretail revenue rose 11.7 percent to 363.4 million pounds ($510.2million) in the 13 weeks to March 4, its fiscal first quarter.

That compares with growth in Ocado's 2016-17 year of 12.4percent and guidance for the 2017-18 year of growth of 10-15percent as it increases distribution capacity and grows marketshare.

Ocado said the hit from the weather disruption wasequivalent to nearly 1 percent of sales in the quarter.

In December Ocado blamed a shortage of drivers for a slowdown in sales growth in the fourth quarter of its 2016-17 year.

The group, which has helped to drive online grocery shoppingin Britain, has been trying to sell its proprietary technologyto international supermarkets in the past few years, with newdeals seen as key to its stock market valuation.

Investors' patience was finally rewarded with the signing ofthree international partnership agreements over the last year,doubling Ocado's share price.

In January Ocado signed a partnership deal with Sobeysin Canada, while last November it sealed one withGroup Casino in France.

However, last month it warned that 2017-18 earnings wouldreflect the costs of developing customer fulfilment centres(CFCs) in Erith, south of London, and Andover, southern England,and work to enhance its technology platform.

Prior to Tuesday's statement analysts were on averageforecasting core earnings for 2017-18 of 87.1 million pounds, upfrom 84.3 million pounds in 2016-17.

"We remain confident that our Ocado Solutions business willbe able to do further deals with the momentum of new signingsbuilding over time," said Chief Executive Tim Steiner.($1 = 0.7123 pounds)(Reporting by James Davey; editing by Kate Holton and PaulSandle)

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(Sharecast News) - Caspian Sunrise updated the market on progress at Deep Well A5 on the Airshagyl structure at its flagship BNG contract area on Thursday.

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Caspian Sunrise Pleased With Continuous Flows At Airshagyl Deep Well

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27 Nov 2019 17:24

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27 Nov 2019 16:31

Caspian Sunrise makes progress at BNG Contract Area

(Sharecast News) - Caspian Sunrise updated the market on operations from its flagship BNG Contract Area on Wednesday, reporting that at well A5 - part of the 'deep wells' - the drilling phase had been completed without incident, and Baker Hughes had been contracted to undertake the cementing work.

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6 Nov 2019 12:15

Caspian Sunrise Says Well 150 Spudding Delayed By Winter Preparation

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17 Sep 2019 12:37

Caspian Sunrise Pretax Loss Widens As Production Volumes Fall

(Alliance News) - Caspian Sunrise PLC on Tuesday said its loss widened slightly in the first half of 2019 as falling production volumes pulled down revenue.Shares in Caspian were up 2.5% at

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12 Sep 2019 15:38

Caspian Sunrise Encouraged By Early Oil Result From Flagship BNG Asset

(Alliance News) - Oil & gas exploration firm Caspian Sunrise PLC said Thursday early oil from its flagship BNG asset in Kazakhstan was "extremely encouraging."The BNG contract

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2 Sep 2019 13:32

Caspian Sunrise Acquires Drilling Equipment For USD7 Million

(Alliance News) - Caspian Sunrise PLC said Monday it will purchase new drilling equipment for USD7 million, to be raised by the issue of shares in the oil & gas company.The equipment to

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Caspian Sunrise Agrees First Sale Of Oil From MJF Structure In BNG

(Alliance News) - Oil & gas firm Caspian Sunrise PLC said Wednesday it has signed a contract for the first international sale of oil from the MJF structure in the BNG contract area in contract

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