Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksConygar Inv Share News (CIC)

Share Price Information for Conygar Inv (CIC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 77.50
Bid: 75.00
Ask: 80.00
Change: 0.00 (0.00%)
Spread: 5.00 (6.667%)
Open: 77.50
High: 81.50
Low: 77.50
Prev. Close: 77.50
CIC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EARNINGS AND TRADING UPDATES: Oryx swings to profit on investments

Tue, 21st Nov 2023 18:19

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

----------

Accsys Technologies PLC - London-based wood building products manufacturer - Says placing and subscription of new shares will raise gross proceeds of around 34.2 million. Places 19.1 million new shares at 69.35 euro cents each to raise about EUR13.2 million. Current share price in Amsterdam is 71 euro cents. Further, issuance of convertible loan notes will raise about EUR21 million gross, of which EUR11 million is new money for Accsys. Expects admission of shares at Euronext Amsterdam to become effective Thursday.

----------

Conygar Investment Co PLC - London-based property investor and developer - Net asset value as at September 30 was 159.4 pence per share, down 24% from 208.9p a year prior. Declares no dividend, unchanged. Says outlook for UK economy has improved, with interest rates nearing their peak and inflation expected to fall. Chair Nigel Hamway says: "We are acutely aware of the impact that continuing economic and political uncertainty is having on the real estate sector and intend to maintain a disciplined approach to both our cash commitments and financial leverage to ensure our balance sheet remains robust." He adds that supply shortages are likely to support improved pricing.

----------

Dunelm Group PLC - Leicester, England-based home furnishings retailer - Chief Executive Officer Nick Wilkinson buys 10,843 shares at GBP10.91 each on Monday, for a total of GBP118,297.

----------

Marble Point Loan Financing Ltd - closed-ended investment company focused on dollar-denominated, broadly syndicated floating rate senior secured corporate loans - NAV per share as at September 30 is USD0.55, unchanged from December 31.

----------

Nostrum Oil & Gas PLC - Kazakhstan-focused oil and gas development, production and exploration company - In the three months to September 30, pretax loss widens 42% to USD24.7 million from USD17.3 million a year prior. Revenue falls 25% to USD36.0 million from USD47.7 million. Looking ahead, expects to continue until at least the end of 2024. "The group monitors on an ongoing basis its liquidity position, near-term forecasts, and key financial ratios to ensure that sufficient funds are available to meet its commitments as they arise and liabilities as they fall due," Nostrum Oil says.

----------

Oryx International Growth Fund Ltd - Guernsey-based investment fund - In the half-year that ended on September 30, NAV per share grows 7.0% to 220.88p from 206.43p at March 31. Swings to pretax profit of GBP14.5 million from a loss of GBP32.0 million a year prior. Income turns to positive GBP16.1 million from negative GBP30.5 million. Notably, reports net unrealised losses on revaluation of investments of GBP1.9 million, narrowed sharply from GBP34.2 million a year prior. Further, net realised gains on investments multiply to GBP15.2 million from GBP1.9 million. Looking ahead, Oryx says: "The market outlook remains underwhelming in the face of continued outflows from UK equities, a dearth of IPO's and increasing geopolitical and macroeconomic risk. On the positive side, as evidenced in our report, there has been continued interest in the acquisition of UK companies from overseas buyers and larger domestic competitors. This has created significant outperformance in the portfolio and we believe that several of our remaining holdings contain attractive assets to a potential buyer."

----------

Trifast PLC - Uckfield, England-based industrial fastenings firm - In the six months to September 30, pretax profit falls 33% to GBP2.0 million from GBP3.0 million a year ago. Noting lower demand in the distribution, general industrial and health & home sectors, revenue declines 2.2% to GBP117.6 million from GBP120.2 million. Cost of sales decrease 3.7% to GBP87.4 million from GBP90.7 million. Declares 0.60p per share dividend, down 20% from 0.75p a year prior. Looking ahead, Trifast says: "Macroeconomic environment will continue to put pressure on short-term trading especially in Asia. However, we are confident in our pipeline and self-help initiatives. The contract wins in the period are up from prior period, reflecting increased market share especially in the light vehicle sector. We are expecting the light and heavy vehicle sector wins to have a phased implementation with some starting production in Q4 of this financial year."

----------

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
16 Feb 2024 13:04

Conygar makes planning bid for Nottingham student accommodation

(Sharecast News) - Real estate firm the Conygar Investment Company reported a step forward in the development of The Island Quarter in Nottingham on Friday.

Read more
16 Feb 2024 12:54

IN BRIEF: Conygar submits Nottingham student accommodation plan

Conygar Investment Co PLC - London-based property investor and developer - Submits application for the next phase of development at The Island Quarter, Nottingham. Does not specify where this application has been submitted. Says the application comprises a 383-bed student accommodation scheme. Chief Executive Officer Robert Ware says: "Nottingham is home to two top class universities and this scheme will be an excellent addition to the mixed-use development we are creating at The Island Quarter."

Read more
16 Nov 2023 14:24

IN BRIEF: Conygar signs new two-year GBP12 million debt facility

Conygar Investment Co PLC - London-based property investor and developer - Enters into new debt facility deal with ASK Partners Ltd for a maximum of GBP12 million with a minimum term of two years and an interest rate of Bank of England base rate plus a margin of 5.9%. Says it will be used to further progress certain plots at The Island Quarter site in Nottingham, alongside to the planning application for its potential acquisition site in Bristol. The loan is secured on part of The Island Quarter site.

Read more
2 Oct 2023 13:24

IN BRIEF: Conygar raises GBP15.0 million via issue of new shares

Conygar Investment Co PLC - London-based property investor and developer - Raises GBP15.0 million via placing and parent subscription of 15.0 million zero dividend preference shares at a price of GBP1.00 per ZDP share. Says the ZDP shares have a life of five years and a final capital entitlement of 153.86 pence per ZDP Share on the October ,4 2028, the repayment date. This is equivalent to an annual gross redemption yield of 9.0% on the issue price. Admission of new shares is expected on the International Stock Exchange on Wednesday.

Read more
28 Sep 2023 21:49

TRADING UPDATES: Technology Minerals' Recyclus commissions facility

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

Read more
31 May 2023 10:41

Conygar Investment NAV down, swings to interim loss amid higher costs

(Alliance News) - Conygar Investment Co PLC on Wednesday said it swung to a loss in the six months to March 31 as costs multiplied, and saw its net asset value decline slightly.

Read more
22 May 2023 16:10

TRADING UPDATES: Catenae hails court; Golden Metals likes copper find

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

Read more
18 May 2023 14:31

TRADING UPDATES: Nuformix says NXP002 shows anti-inflammatory effect

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

Read more
6 Apr 2023 14:15

Conygar Investment acquires GBP450,000 option to buy land in Bristol

(Alliance News) - Conygar Investment Co PLC on Thursday that Conygar Bristol Ltd, its joint-venture with Urban & City Ltd on a 80:20 ownership basis, has acquired an option for GBP450,000 from Wholesale Bristol Fruit Market Ltd to acquire land at St Philips Marsh, Bristol.

Read more
24 Mar 2023 15:28

Conygar upbeat on success of Anglesey Freeport bid

(Sharecast News) - The Conygar Investment Company was upbeat on the success of the Anglesey Freeport Bid Consortium in securing freeport status for the area on Friday.

Read more
24 Mar 2023 11:21

IN BRIEF: Conygar brownfield site included in new Anglesey freeport

Conygar Investment Co PLC - property investor and developer - Notes success of the Anglesey Freeport bid consortium in securing freeport status for Anglesey from the UK and Welsh governments. Says its 203 acre brownfield site at Rhosgoch, Wales, will be included within the freeport special areas. Explains that the freeport will form special zones with simplified customs procedures, relief on customs duties, tax benefits and development flexibility.

Read more
20 Mar 2023 10:07

Conygar Investment sells Haverfordwest site for GBP9.7 million

(Alliance News) - Conygar Investment Co PLC on Monday said that it has agreed to dispose of its development site at Haverfordwest in Pembrokeshire for gross proceeds of GBP9.7 million.

Read more
28 Dec 2022 11:00

Conygar Investment secures facilities to develop Nottingham asset

(Alliance News) - Conygar Investment Co PLC on Wednesday said a wholly owned subsidiary has entered into new development and investment facilities of up to GBP47.5 million.

Read more
2 Dec 2022 12:42

Conygar submits for planning permission of next Nottingham phase

(Sharecast News) - Conygar Investment Company has submitted a detailed application for the next phase of the Island Quarter development in Nottingham, it announced on Friday.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.