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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.

More News
14 Feb 2023 14:46

Challenger Energy agrees sale of St Lucia subsidiary

(Sharecast News) - Challenger Energy, an oil and gas company focused on the Caribbean and Americas region, announced the sale of its St Lucia-based subsidiary Caribbean Rex on Tuesday for a total value of $1.5m (£1.23m).

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14 Feb 2023 10:26

Challenger Energy sells subsidiary Caribbean Rex for USD1.5 million

(Alliance News) - Challenger Energy Group PLC on Tuesday said it has completed the sale of its subsidiary Caribbean Rex Ltd to a Trinidadian drilling and oil services company for a total of USD1.5 million.

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3 Jan 2023 18:04

Challenger upbeat on read-across from Uruguay licensing round

(Sharecast News) - Caribbean and Americas-focussed oil and gas company Challenger Energy updated the market on recent regional developments on Tuesday, noting that Uruguay's national energy company Ancap announced on 27 December that a further two offshore blocks had been awarded following competitive bids in its second 2022 open round.

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3 Jan 2023 11:07

AIM WINNERS & LOSERS: GENinCode shares soar on US approvals

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

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3 Jan 2023 10:55

Challenger Energy up as global energy firms validate Uruguay project

(Alliance News) - Challenger Energy Group PLC on Tuesday said its decision to enter Uruguay has been validated by the award of two offshore blocks to global energy companies.

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20 Dec 2022 15:36

Challenger Energy agrees to sell Cory Moruga licence

(Sharecast News) - Caribbean and Americas-focussed oil and gas company Challenger Energy has entered into a binding heads of terms with Predator Oil & Gas Holdings, it announced on Tuesday.

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22 Nov 2022 15:48

UK shareholder meetings calendar - next 7 days

Wednesday 23 November 
Crystal Amber Fund LtdAGM
CVS Group PLCAGM
Fidelity Asian Values PLCAGM
Genus PLCAGM
JPMorgan Russian Securities PLCGM re name change
Synergia Energy LtdAGM
Wilmington PLCAGM
Woolworths Holdings LtdAGM
Thursday 24 November 
Brikor LtdAGM
Cloudbreak Discovery PLCAGM
EnSilica PLCAGM
Fiske PLCAGM
MGC Pharmaceuticals LimitedAGM
Pacific Horizon Investment Trust PLCAGM
Pan African Resources PLCAGM
PZ Cussons PLCAGM
Zanaga Iron Ore Co LtdAGM
Friday 25 November 
600 Group PLCGM annual report
Aveva Group PLCGM and Court Meeting re Schenider Electric takeover offer
Base Resources LtdAGM
European Metals Holdings LtdAGM
Neometals LtdAGM
Quadrise Fuels International PLCAGM
ScS Group PLCAGM
Sylvania Platinum LtdAGM
Windar Photonics PLCGM re placing of new ordinary shares
Monday 28 November 
Crown Place VCT PLCAGM
European Smaller Cos Trust PLCAGM
JPMorgan Global Emerging Markets Income Trust PLCAGM
PRS REIT PLCAGM
Psych Capital PLCAGM
Seeing Machines LtdAGM
Tuesday 29 November 
Aura Energy LtdAGM
Bluefield Solar Income Fund LtdAGM
Castillo Copper LtdAGM
Challenger Energy Group PLCAGM
CT Property Trust LtdAGM
Duke Royalty LtdAGM
Esken LtdEGM re borrowings approval
Mosman Oil & Gas LtdAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
5 Oct 2022 21:14

TRADING UPDATES: Block Energy swings to profit; GreenX loss widens

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

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30 Sep 2022 17:32

EARNINGS UPDATES: Harland & Wolff interim revenue climbs

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

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19 Jul 2022 20:01

TRADING UPDATES: Capital backs outlook; Northcoders trades well

(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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19 Jul 2022 16:15

Challenger's Trinidad production rises in second quarter

(Sharecast News) - Caribbean and Atlantic-focussed oil and gas company Challenger Energy updated the market on the second quarter at its Trinidad and Tobago operations on Tuesday, reporting total gross oil production of 34,159 barrels for the period.

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15 Jul 2022 21:26

TRADING UPDATES: Premier Miton assets dip; Challenger Energy CFO quits

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

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27 Jun 2022 20:26

IN BRIEF: Challenger Energy "validated" as Shell, APA enter Uruguay

Challenger Energy Group PLC - Isle of Man-based oil and gas company focused on the Caribbean and the Atlantic-margin - Noting "recent commentary" on the licensing round in Uruguay in relation to its Area Off-1 petroleum license in the country, Challenger says state-owned petroleum company ANCAP has licensed two offshore blocks to Shell PLC, and one deep-water block to APA Corp. One of the blocks licensed to Shell is immediately adjacent to Challenger's Off-1 block. As part of the agreements with ANCAP, Shell commits to acquiring new 3D seismic data, and APA commits to drilling an exploration well.

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14 Jun 2022 18:04

IN BRIEF: Challenger Energy given extended deadline for 2021 accounts

Challenger Energy Group PLC - Isle of Man-based oil and gas company focused on the Caribbean and the Atlantic-margin - AIM Regulation grants the company an added three months to publish its 2021 accounts, in view of the continued adverse effect of Covid-19 in the company's various countries of operation.

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