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Pin to quick picksChallenger Energy Share News (CEG)

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TRADING UPDATES: Heavitree profit soars; Riverstone net assets rise

Thu, 16th Feb 2023 21:35

(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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UniVision Engineering Ltd - Hong Kong-based CCTV supplier - Says that a winding-up petition by Synnex Technology International HK Ltd was dismissed by the High Court in Hong Kong on February 13. In December, the company also said it had received a winding-up petition brought by an equipment supplier Synnex Technology International HK Ltd, for the contract with MTR Corpor Ltd in the High Court in Hong Kong. Synnex alleges that it is owed around GBP1.4 million by Univision.

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Windward Ltd - Liverpool, England-based maritime predictive intelligence company - Launches a new estimated time of arrival Insights AI capability to provide customers and partners with additional insights into supply chain delays. "The new AI-based iteration of visibility is actionable, and Reasons for Delay is Windward's next step to provide stakeholders with the tools to increase efficiency and decrease cost when it comes to their shipping operations," Chief Executive Ami Daniel says.

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San Leon Energy PLC - oil and gas production, development and exploration in Nigeria - Says that its investee company Decklar Petroleum Ltd received payment for crude oil sale from the Oza oil field in Nigeria, under its contract with Edo Refinery & Petrochemicals Co Ltd. Holds an 11% stake in Decklar. Says that trucking of crude oil continued from the Oza Field to the ERPC. Adds that an additional delivery of 5,000 barrels of crude oil to ERPC was completed last week. Adds that Decklar is "at an advanced stage" of executing a new 150,000 barrels of crude oil sale and purchase deal with ERPC.

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JPMorgan Global Growth & Income PLC - Investment firm - Completes the realignment of its C share portfolio. Says that the C shares will be converted to ordinary shares on a NAV-for-NAV basis, following the completion of the portfolio realignment.

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Various Eateries PLC - London-based chain of restaurants, clubhouses and hotels such as Coppa Club - Confirms that its wholly owned subsidiary Various Eateries Trading Ltd entered into an agreement to reissue its second deep discounted bond with Friends Provident International Ltd. Says the new deep-discounted bond has a subscription amount of GBP10.0 million and the nominal value is GBP10.8 million. Adds that the bond is secured over the business and assets of the company.

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Heavitree Brewery PLC - tenanted and leased pub company based in Exeter, Devon - Says that pretax profit in the year to October 31 doubled to GBP2.3 million from GBP1.1 million a year prior. Revenue rises 58% to GBP7.3 million from GBP4.6 million. Attributes this to a "satisfactory performance" in the second half, following a "steady performance" reported at the half-year. Reinstates a final dividend at a rate of 3.5p per share. Says its programme to sell non-core assets to reduce the level of borrowing will continue and other sites will be considered when they become available.

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Riverstone Credit Opportunities Income PLC - energy infrastructure and energy-transition credit investor - Net asset value per share as at December 31 stands at 108.45 US cents, up 6.4% from 101.92 cents on the same date a year prior. Records a NAV total return was 14.5%, versus the AIC Debt - Direct Lending peer group average of 8.2%. Reports that earnings per share amounted to 14.08 cents per share, tripled from 4.86 cents per share. Says this was driven by high levels of income from its fully invested portfolio. Declares a dividend of 2.0 cents per share for its fourth quarter.

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Challenger Energy Group PLC - Caribbean and Atlantic-margin-focused oil and gas company - Plans to rapidly progress its Uruguay asset 2023. Expects to complete its work commitment for the initial 4-year exploration period early in the second quarter of 2023 in Uruguay. Considers its option to expand activities in Trinidad and Tobago, including new licence applications, mergers and acquisitions, and joint programs with neighbouring operators. Secures an extension to the initial exploration term of the Weg Naar Zee production sharing contract in Suriname. Continues its discussions with the government of Bahamas for the extension of its licences into a third, three-year exploration period. Cash balance as at the start of 2023 were roughly USD2.7 million, the company says.

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Live Co Group PLC - Surrey, England-based live events, entertainment and sports events company - Says that its Chief Financial Officer John Millar left the company, due to "personal reasons" and will not now be appointed as a director. Adds that he will continue to assist the group on a part-time basis. "We thank John for all his hard work and wish him all the best in the future," Chair David Ciclitira comments.

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Creo Medical Group PLC - medical device company - Raises GBP28.5 million through a placing and subscription for 142.5 million ordinary shares at an issue price of 20 pence. Says Cenkos and Numis acted as joint bookrunners. Expects admission of the shares to take place on March 9 at GMT0800. Plans to use the proceeds to maintain momentum in the business and provide it with a pathway to a cash flow breakeven.

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Benchmark Holdings PLC - Sheffield, England-based aquaculture genetics, health and nutrition company - Says that 55% of its shareholders at its annual general meeting on Thursday voted against resolution 15 for the disapplication of pre-emption rights. Says that 56% of its shareholders voted against resolution 16 for additional disapplication of pre-emption rights, regarding acquisitions and specified capital investments. Confirms that it will consult and continue to engage with the relevant shareholders to understand and discuss their concerns for these resolutions.

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Maven Income & Growth VCT 3 PLC and Maven Income & Growth VCT 4 - venture capital trusts - Will utilise over-allotment facility as part of fundraise as "approaching" initial target of GBP5 million. Earlier in February, the duo said the over-allotment facility was worth GBP5 million.

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By Abby Amoakuh, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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18 Apr 2024 14:35

Challenger Energy secures Uruguay project funding, shares rise

(Alliance News) - Challenger Energy Group PLC on Thursday said it has entered into a binding agreement that will see Charlestown Energy Partners LLC become one of the largest shareholders.

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11 Mar 2024 13:26

Challenger Energy signs new Uruguay licence

(Sharecast News) - Challenger Energy announced the signing of the AREA OFF-3 licence on Monday, marking a significant milestone for the Caribbean and Americas-focussed energy company.

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11 Mar 2024 11:38

Challenger Energy inks Area Off-3 licence in offshore Uruguay

(Alliance News) - Challenger Energy Group PLC on Monday said that it has formally signed its Area Off-3 licence, located offshore Uruguay.

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6 Mar 2024 13:05

EARNINGS AND TRADING: Challenger signs farm-out; Ricardo revenue up

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

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6 Mar 2024 09:25

AIM WINNERS & LOSERS: Challenger Energy up on Chevron farm-out deal

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

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6 Mar 2024 08:56

LONDON MARKET OPEN: Stocks up with all eyes on UK Spring budget

(Alliance News) - Stock prices in London opened higher on Wednesday, as investors shook off nerves ahead of the UK Spring budget.

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14 Dec 2023 18:18

EARNINGS AND TRADING: Cornish Metals narrows nine-month loss

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

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14 Dec 2023 12:47

Challenger Energy makes progress in Uruguay

(Sharecast News) - Caribbean and Americas-focussed Challenger Energy updated the market on its Uruguayan assets on Thursday, having submitted geotechnical reports for AREA OFF-1 to ANCAP, the Uruguayan regulator, fulfilling its minimum work program obligation on 11 December.

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14 Dec 2023 10:37

AIM WINNERS & LOSERS: musicMagpie jumps on "record" Black Friday

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

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10 Nov 2023 13:15

IN BRIEF: Challenger Energy debt-free after fully repaying bridge loan

Challenger Energy Group PLC - Caribbean and America-focused oil and gas company - Says it is debt-free after fully repaying its short-term GBP346,500 bridge loan in late October, which went towards redeeming in full the drawn and unconverted balance of a convertible loan note funding facility. Says part of the proceeds of the USD3 million sale of Cory Moruga licence onshore Trinidad, announced on Tuesday, were used to repay loan.

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10 Nov 2023 09:50

Challenger Energy now debt-free after bridge loan repayment

(Sharecast News) - Caribbean and Americas-focussed oil and gas company Challenger Energy announced on Friday that it has retired its short-term bridge loan, under the terms it outlined on 27 October.

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7 Nov 2023 18:11

TRADING UPDATES: Actual Experience appoints administrators

(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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30 Oct 2023 15:56

TRADING UPDATES: Bezant optimistic after Hope & Gorob estimate

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

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27 Oct 2023 11:59

Challenger Energy updates its financing arrangements

(Sharecast News) - Challenger Energy Group updated the market on its financing arrangements on Friday, as it secured a short-term bridge loan of £0.35m to promptly redeem the entire drawn and unconverted balance of its previously disclosed convertible loan note funding facility.

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29 Sep 2023 21:54

EARNINGS: Bens Creek sees "difficult" year; Challenger swings to loss

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

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