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Share Price: 8.32
Bid: 8.32
Ask: 8.47
Change: -0.10 (-1.19%)
Spread: 0.15 (1.803%)
Open: 8.89
High: 8.89
Low: 8.30
Prev. Close: 8.42
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WINNERS & LOSERS SUMMARY: Keller Sinks On Asia-Pacific Business Woes

Thu, 11th Oct 2018 10:38

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - WINNERS----------Randgold Resources, 1.8%, Fresnillo, up 1.4%. The gold miners were tracking spot gold prices higher, quoted at USD1,197.42 an ounce compared to USD1,188.56 at the London equities close Wednesday. Deemed a safe haven asset, the precious metal's price often rises during times of market turmoil. Midcap peer Centamin was also up 3.6%. ----------Mondi, up 1.5%. The paper and packaging firm said its third-quarter profit jumped after price rises, operational improvements and contributions from takeovers boosted results despite cost pressures. For the three months ended September, underlying earnings before interest, taxes, depreciation and amortisation grew 30% to EUR466 million from EUR359 million a year prior. Ebitda was also 4.3% higher than the EUR447 million the quarter immediately before. The Johannesburg and London-listed firm explained good sales at its fibre packaging unit helped like-for-like sales volumes rise in the period. ----------FTSE 100 - LOSERS----------Hargreaves Lansdown, down 4.9%. The fund supermarket said it made a "solid" start to its new financial year with assets under administration and revenue increasing in the first quarter. The company's assets under administration grew by 2.7% to GBP94.1 billion at the end of the first three months of the financial year from GBP91.6 billion on June 30. However, Shore Capital said Hargreaves Lansdown's first-quarter update was weaker than expected, with net flows slowing from last year and downgrades to consensus now appear likely. Net inflows of GBP1.30 billion in the period were down 16% on last year. Shore noted that last year's first quarter inflows of GBP1.54 billion ended up accounting for 20% of full-year net flows.----------FTSE 250 - WINNERS----------Dunelm Group, up 5.0%. The homeware retailer said reported a good first quarter performance with like-for-like revenue growing 4.2%. For the first quarter to September 29, Dunelm's like-for-like revenue increased to GBP228.1 million, up from GBP219.0 million a year prior. Online sales jumped by 33% on a like-for-like basis to GBP26.5 million, including tablet-based in-store selling. Store sales were up 1.3% to GBP201.6 million. The company reformed its website by consolidating all product lines on one platform, closing the Worldstores and Kiddicare websites. Dunelm said it is "on track" to launch a new Dunelm.com web platform in the third quarter allowing a Click & Collect option and improved delivery options.----------FTSE 250 - LOSERS----------Keller Group, down 27%. The geotechnical contractor's shares fell after it warned its Asia-Pacific division will post a loss, from an expected "small" profit. Keller said as a "consequence of the deteriorating southeast Asian market conditions", in particular Malaysia, the company expects its Asia-Pacific division to post a pretax loss of GBP12 million to GBP15 million for the year ending December. Keller had been expecting the division to post a "small" profit. The division posted a GBP16.5 million operating loss in 2017. The company said it is undertaking a strategic review of its southeast Asian and Waterway businesses, due to recent changes in management, and will update the market in "due course" on the outcome.----------Hays, down 12%. The recruiter's shares were lower despite making a "good" start to its financial year with a record quarterly performance and retained a "positive" outlook for its international markets for the rest of the year. For the three months ended September, the company saw its net fees grow by 7% on a headline basis, with like-for-like growth of 9%. Hays said the relative strength of sterling against the Australian dollar and euro reduced its reported net fee growth. The best performers in the first quarter were the Germany and Rest of World segments, both increasing net fees by 12%, the company said. Although, the company expects a GBP5 million operating profit headwind for the full year on exchange rate movements.----------WH Smith, down 12%. The books and stationery retailer said it will restructure its UK high street unit after disappointing annual results from the division. For the year to August 31, the unit's trading profit slipped to GBP60 million from GBP62 million a year prior. Total revenue decreased by 3% year-on-year. The retailer decided to close around six of its high street stores and take a "forensic" approach to its cost base to ensure the business remains "fit for purpose". It will also "wind down" non-core activities such as WH Smith Local and Cardmarket, a budget greetings card chain. For the year to August 31, the retailer posted overall pretax profit down 4% to GBP134 million from GBP140 million, after incurring a GBP11 million charge on restructuring and store closure costs. Despite the fall in profit, WH Smith hiked its total dividend by 13% to 54.1p per share from 48.2p after proposing a final dividend of 38.1p. ----------Countryside Properties, down 9.1%. The housebuilder said it achieved a higher number of house completions in its recently ended financial year, but an adverse regional mix caused a fall in the private average selling price. Total completions by the FTSE 250-listed firm rose 27% to 4,295 homes in the financial year that ended September 30 from 3,389 homes the year before, with open sales outlets up 28% to 60 from 47, with 55 sites currently under construction, up from 41. However, the private selling price fell by 7% to GBP402,000 from GBP430,000 due to a change in regional mix in the Partnerships division, as Housebuilding division prices remained flat. The net reservation rate also saw a dip to 0.80 from 0.84.----------OTHER MAIN MARKET AND AIM - WINNERS----------Mobile Streams, up 19%. The mobile content retailer's shares rose after it partnered with "one of the largest" payment gateway providers in India for its mobilegaming.com subscription service. The new "association" will enable customer in India to pay for mobile content via credit and debit card, e-wallets and mobile accounts. Mobile Streams launched its mobilegaming.com subscription service in 2016 and works with local telecom operators to charge customers via prepaid and post-paid mobile accounts. The company hopes the deal with the unnamed Indian company will allow it to generate revenue from customers on networks with no billing connection and users with low or zero balance prepaid wallets.----------OTHER MAIN MARKET AND AIM - LOSERS----------N Brown, down 22%. The clothing retailer cut its interim dividend in half and warned on the same treatment to its final dividend. N Brown proposed an interim dividend of 2.83p per share, 50% down from 5.67p a year before, as exceptional items "have meant that distributions have not been covered by free cash flow". The company said that while it "understands the importance of dividends to investors", it also intents to reflect the 50% reduction in its final dividend. For the six months to September 1, N Brown's pretax loss narrowed slightly to GBP27.1 million compared to GBP27.6 million. Meanwhile, revenue increased 1.0% to GBP457.8 million from GBP453.4 million. As the company focuses on shifting to a fully online retailer, Online Power Brands revenue increased 8.6% in the half-year while there was a "significant decline in offline sales". Additionally, Jefferies cut the stock to Hold from Buy. ----------Chariot Oil & Gas, down 53%. The oil and gas explorer said drilling at its Prospect S well offshore Namibia did not encounter a hydrocarbon accumulation. Chariot said the well, which has been drilled to 4,165 metres, penetrated water-bearing stacked target reservoirs. "Further analysis will be required to understand the implications of the well results on the prospectivity of the surrounding area," the company added. The well, which was operated by Chariot and drilled by the Ocean Rig Poseidon drillship, will be plugged and abandoned. Chariot owns 65% of the Central Blocks licence offshore Namibia of which Prospect S, forms part.----------
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12 Dec 2022 14:32

Chariot agrees key principles for Anchois gas sales deal

(Sharecast News) - Africa-focussed energy company Chariot announced on Monday that, along with Morocco's Office National des Hydrocarbures et des Mines (ONHYM), it has agreed key principles for long-term gas sales from the Anchois Gas Project with the Office National de l'Electricité et de l'Eau Potable (ONEE).

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7 Dec 2022 21:25

TRADING UPDATES: Ryanair extends CEO contract; Sovereign eye demerger

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

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22 Nov 2022 14:40

IN BRIEF: Chariot takes 25% stake in new South Africa power trader

Chariot Ltd - London-based, African-focused company working on energy transition and green hydrogen projects - Takes 25% interest in Etana Energy (Pty) Ltd, a new South African company that has been granted an electricity trading licence by the National Energy Regulator of South Africa. The licence allows Etana to buy and sell electricity on the national transmission grid and within some municipal areas. The remainder of Etan is owned by the Neura Group with 49%, H1 Holdings with 21%, and Meadows Energy with 5%, all with experience of the South African electricity market, Chariot says.

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21 Nov 2022 21:39

TRADING UPDATES: VSA Capital backs outlook; Zephyr starts drilling

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

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4 Nov 2022 13:11

Chariot enters Morocco hydrogen pilot collaboration

(Sharecast News) - Africa-focussed energy group Chariot announced on Friday that it had agreed to collaborate with Mohammed VI Polytechnic University (UM6P) and Oort Energy on green hydrogen pilot projects in Morocco.

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4 Nov 2022 11:46

Chariot expands to Morocco with green hydrogen partnership deal

(Alliance News) - Chariot Ltd on Friday said it was looking forward to expanding its work beyond Mauritania, as it entered a partnership to collaborate on green hydrogen pilot projects in Morocco.

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14 Sep 2022 15:02

TRADING UPDATES: Epwin lifts interim payout; Anpario profit falls

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

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7 Sep 2022 11:37

IN BRIEF: Chariot inks tie-in deal to secure Moroccan pipeline access

Chariot Ltd - Devon, England-based transitional energy company focused on Africa - Signs a pipeline tie-in agreement with the Office National des Hydrocarbures et des Mines securing access to Maghreb Europe gas pipeline in Morocco. The pipeline, which is owned and operated by ONHYM, runs from eastern Morocco through to Tangiers and across to Spain. Says the agreement will enable the gas produced from the Anchois gas project, offshore Morocco, to be transported via the GME to different potential offtakers.

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6 Sep 2022 17:14

Chariot working with Total Eren at Mauritania green hydrogen project

(Alliance News) - Chariot Ltd and Total Eren on Tuesday announced a feasibility study to co-develop the Nour project, a large scale green hydrogen project in Mauritania.

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1 Sep 2022 15:56

UK shareholder meetings calendar - next 7 days

Friday 2 September 
Triple Point Income VCT PLCAGM
Monday 5 September 
Highway Capital PLCAGM
Hill & Smith Holdings PLCAGM
Hydrogen Utopia International PLCAGM
LXi REIT PLCAGM
Monks Investment Trust PLCAGM
Totally PLCAGM
Tuesday 6 September 
Ashtead Group PLCAGM
Berkeley Group Holdings PLCAGM
Brickability Group PLCAGM
Castelnau Group LtdAGM
DS Smith PLCAGM
Lamprell PLCAGM
Renold PLCAGM
Wednesday 7 September 
BlueRock Diamonds PLCAGM
CVC Income & Growth LtdEGM
Halfords Group PLCAGM
Jupiter Green Investment Trust PLCAGM
Mulberry Group PLCAGM
Okyo Pharma LtdAGM
Polar Capital Holdings PLCAGM
Redcentric PLCAGM
Seed Innovations LtdAGM
Trifast PLCAGM
Yellow Cake PLCAGM
Thursday 8 September 
Atlantis Japan Growth Fund LtdAGM
Aston Martin Lagonda Global Holdings PLCGM proposed equity capital raise
Caretech Holdings PLCGM takeover by Sheikh Holdings Group
Chariot LtdAGM
Chelverton UK Dividend Trust PLCAGM
Currys PLCAGM
Euromoney Institutional Investor PLCGM re takeover offer by Astorg and Epiris
Gabelli Merger Plus+ Trust PLCGM tender offers
Invesco Asia Trust PLCAGM
LendInvest PLCAGM
Lindsell Train Investment Trust PLCAGM
Montanaro European Smaller Cos Trust PLCAGM
ScotGems PLCGM re voluntary liquidation
Semper Fortis Esports PLCAGM
Severfield PLCAGM
Speedy Hire PLCAGM
SysGroup PLCAGM
WH Ireland Group PLCAGM
XPS Pensions Group PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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20 Jul 2022 20:50

TRADING UPDATES: Angle hails study find; Eqtec buys plant in France

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

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20 Jul 2022 17:17

Chariot reports 'material upgrades' to Morocco portfolio

(Sharecast News) - Chariot announced the results of independent assessments on its gas resources offshore Morocco on Wednesday, incorporating the results of the recent successfully-drilled Anchois-2 appraisal and exploration well.

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28 Jun 2022 14:41

Air Products, Gunvor plan to build hydrogen terminal in Rotterdam

AMSTERDAM, June 28 (Reuters) - Air Products and Gunvor have signed a joint development agreement to build a green hydrogen import terminal in Rotterdam port by 2026, they said on Tuesday.

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22 Jun 2022 14:16

IN BRIEF: Chariot narrows loss in 2021 as operating expenses fall

Chariot Ltd - Devon, England-based transitional energy firm focused on Africa - Narrows annual loss in 2021 on falling operating expenses. Annual pretax loss reduces to USD7.0 million from USD70.6 million in 2020. Operating expenses fall to USD6.4 million from USD71.1 million. Regarding its future, firm is focused on its strategic partnering in Morocco to "accelerate growth from a portfolio of high value, low risk upsides". "Green hydrogen is predicted to play a vital role in the global energy transition," it says.

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20 Jun 2022 13:55

Chariot inks deal with Schlumberger and Subsea 7

(Sharecast News) - Chariot has signed a front-end engineering and design (FEED) with Schlumberger and Subsea 7, as part of a consortium, for the Anchois gas development project in Morocco, it announced on Monday.

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