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Pin to quick picksClontarf Share News (CLON)

Share Price Information for Clontarf (CLON)

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Share Price: 0.0335
Bid: 0.032
Ask: 0.035
Change: -0.003 (-8.22%)
Spread: 0.003 (9.375%)
Open: 0.0365
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UK TRADING UPDATE SUMMARY: Bagir Says Cash Insufficient To Carry On

Fri, 03rd Apr 2020 11:41

(Alliance News) - The following is a round-up of updates by UK companies on the impact of the Covid-19 pandemic, issued on Friday and not separately reported by Alliance News:

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Bagir Group Ltd - tailor - Trading suspended on AIM as existing orders placed on hold or cancelled by customers, giving limited visibility on future revenue and customer payments. As a result, company does not have enough cash to continue operating as a going concern. Board now assessing options.

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Salt Lake Potash Ltd - potash production - All contact with local Wiluna community in Western Australia ceased. Use of airport unaffected, continues to support business. Off-lake civil construction earthworks at Lake Way Project complete. First revenue expected in first quarter of 2021.

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DP Aircraft I Ltd - aircraft leasing - Suspends the payment of dividends, as discussions ongoing with Norwegian Air on its lease obligations involving two aircraft.

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Cenkos Securities PLC - stockbroker - Defers release of results for 2019 from original date of December 31, but expects to report continued profitability based on strong second half performance. Continuing operations as normal despite staff working remotely.

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Anexo Group PLC - credit hire and legal services - Delays publication of 2019 results in line with UK FCA request. Pretax profit expected to be in line with expectations. Defers decision on 2019 dividend payout, as well as proposed opening of new Leeds office. Performance in 2020 to date in line with expectations.

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Minoan Group PLC - resort development - Project in Crete not "unduly" affected by Covid-19 outbreak, but company's cash position constrained, and in discussions with loan provider for extension or settlement and restatement. Will publish results for year ended October 31 in April.

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Fox Marble Holdings PLC - marble quarrying - Operations in Kosovo deemed essential and allowed to continue, but with operations scaled back to specific projects. Operations in Macedonia significantly scaled back, as demand falls due to travel restrictions in China and Europe. Board to not take salary or fees until operations resume. London head office staff furloughed.

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Ceiba Investments Ltd - investment in Cuban real estate and tourism - Will not declare dividend for 2019, and withdraws guidance for future performance. Investee Miramar SA to close all hotels and substantially decrease its workforce. Investee TosCuba to lower capital expenditure on hotel construction in Trinidad, Cuba

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Clontarf Energy PLC - oil & gas - "High level" discussions over projects in Ghana and Bolivia postponed. In Ghana, ready to initiate Tano 2A work programme once petroleum agreement is signed and funding secured. In Bolivia, holding discussions with new interim government for proposal on medium-sized salt-lakes.

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ReNeuron Group PLC - cell-based therapeutics - Continues internal research projects. Initiates one such programme for utility of company's exosomes in increasing the potency of SARS-CoV-2 coronavirus vaccines. Clinical studies in US now subject to delays.

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SME Credit Realisation Fund Ltd - credit investment - To continue cash return to shareholders on quarterly basis, paying quarterly dividend of 1.3125p per share in May. Delays publication of net asset value as at March 31, and suspends share repurchases until NAV is published. Sale of portion of assets delayed.

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Adriatic Metals PLC - metals exploration - Exploration activity for Vares project in Bosnia & Herzegovina slightly delayed, but ongoing. Pre-development work continues, but considering deferral of pre-feasibility study to allow additional drilling to be added to an updated mineral resource estimate.

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XP Power PLC - critical power components manufacturer - All manufacturing facilities remain operational, as volumes in China recover from February lows, and Vietnam factories operate at normal levels. For first quarter to end of March, revenue up 5% to GBP19.1 million, and orders up 34% to GBP73.1 million. Withdraws final dividend payout of 36p per share.

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MediaZest PLC - audio-visual services - Now expects to report post-tax loss for six months ended March 31, as lockdown measures lead to deferred and delayed projects, taking a toll on trading. Expects Covid-19 disruption to last for six months at a minimum and will work to cut costs, wherever possible.

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Henry Boot PLC - construction - Closes all sales centres and pauses all construction work aside from sites vital to the NHS. Suspends all existing guidance for future performance.

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Intelligent Ultrasound Group PLC - healthcare-focused AI software - Installs BodyWorks Point-of-Care ultrasound simulator alongside Covid-19 lung ultrasound module in NHS Nightingale Hospital at the ExCel exhibition centre in London. The exhibition centre in the Docklands, east London, has been converted into a temporary hospital, with space for 4,000 beds, to treat victims of Covid-19.

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Clipper Logistics PLC - logistics services - Wins contract to establish supply chain for personal protective equipment products delivery to NHS Hospital Trusts and other healthcare providers across the UK.

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Oracle Power PLC - energy development - Anticipates no significant negative impact on the timelines for the development of Thar Block VI in Pakistan.

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OneSavings Bank PLC - mortgage lending - Cancels payment of final dividend for 2019 of 11.2 pence per share.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
20 Sep 2019 11:56

Clontarf Reports Positive News In Ghana, Bolivia; Interim Loss Narrows

(Alliance News) - Clontarf Energy PLC on Friday said its loss narrowed in the first half of 2019 after a non-repeating impairment the year before, and announced positive developments in Ghana and

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28 May 2019 10:40

WINNERS & LOSERS SUMMARY: NMC Health Rises After Upgrading Guidance

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - WINNERS----------NMC up

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28 May 2019 10:15

Clontarf Energy Annual Loss Narrows, Holds Out "Hope" For Projects

LONDON (Alliance News) - Clontarf Energy PLC on Tuesday reported a significantly narrowed annual loss, on a decrease on exploration impairments, as the company offered "hope" to its in -

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27 Sep 2018 12:33

Clontarf Doubles Loss On Impairment, Says Oil Price "Unsustainable"

LONDON (Alliance News) - Clontarf Energy PLC on Thursday said its loss doubled in the first half of 2018 due to an impairment of its exploration & evaluation assets.Shares in the oil at

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20 Sep 2018 18:33

Clontarf Energy Shares Drop After GBP500,000 Share Placing (ALLISS)

LONDON (Alliance News) - Clontarf Energy PLC on Thursday said it has raised GBP500,000 via a 135.1 million share placing.The placing price for these shares, which represent 19% of its newly

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20 Sep 2018 13:34

Clontarf Energy Shares Jump As Plans Lithium Exploration In Bolivia

LONDON (Alliance News) - Clontarf Energy PLC on Thursday said it has submitted a proposal to explore lithium-bearing salt-lakes in Bolivia.Shares in Clontarf Energy were trading 9.7% higher

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17 Sep 2018 10:37

WINNERS & LOSERS SUMMARY: Clontarf Shares Surge On Tano 2A Resolution

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - up 1.0%. The Financial Times reported the chief

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17 Sep 2018 08:48

Clontarf And Petrel Shares Spike As Legal Issues In Ghana Are Resolved

LONDON (Alliance News) - Shares in Clontarf Energy PLC and Petrel Resources PLC jumped on Monday as the companies said they resolved legacy issues with the Ghana National Petroleum Corp regarding

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30 May 2018 10:36

Clontarf Shares Dip As 2017 Loss Widens On Peruvian Assets Write-Down

LONDON (Alliance News) - Shares in Clontarf Energy PLC dived on Wednesday as it reported a significantly widened loss in 2017 caused by a write-down of assets in Peru.The stock was trading

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12 Oct 2016 14:08

Clontarf Energy submits work programme to Ghana authorities

(ShareCast News) - Clontarf Energy announced on Wednesday that, further to its announcement on 19 September, a proposed work programme on the Tano acreage offshore Ghana has been submitted to the Ghanaian authorities in Accra. The AIM-traded firm said the new work programme will form part of the ong

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7 Sep 2016 15:25

Petrel And Clontarf Begin Negotiating Acreage With Ghana Officials

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23 Jun 2016 15:08

UK Shareholder Meetings Calendar - Next 7 Days

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23 Jun 2016 09:58

WINNERS & LOSERS SUMMARY: Tesco Cheers With Like-For-Like Sales Growth

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22 Jun 2016 13:40

UPDATE: Clontarf, Petrel To Negotiate Terms For Block Offshore Ghana

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22 Jun 2016 13:28

Clontarf, Petrel Invited To Negotiate Terms For Block Offshore Ghana

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