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TRADING UPDATES: 600 Group "leaner"; Totally doubles interim payout

Mon, 15th Nov 2021 14:48

(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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600 Group PLC - West Yorkshire, England-based manufacturer and distributor of machine tools, precision engineered components and industrial laser systems - Revenue in six months to September 30 rises 34% to USD34.0 million from USD25.4 million a year earlier. Swings to USD694,000 pretax profit from USD1.2 million loss. Says orderbook stands at USD23 million, a record level and more than double from a year earlier. "We have emerged from the pandemic with a record orderbook, strengthened operations and the foundations for sustained growth," Chair Paul Dupee says. 600 says it has made a strong recovery and has emerged a "leaner organisation".

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Totally PLC - Derby-based healthcare service provider that spans public and private sectors - Revenue in six months to September 30 increases 14% to GBP61.6 million from GBP54.1 million a year earlier. Pretax profit surges to GBP921,000 from GBP61,000. "These results demonstrate continued success in the first half of the year. With the winter months approaching, which bring high levels of uncertainty across all healthcare sectors, the board is confident that the outcome for the remainder of the group's trading year to 31 March 2022 will be in line with current consensus," Totally says. It doubles payout to 0.5 pence per share from 0.25p.

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Value & Indexed Property Income Trust PLC - investment company mainly focused on UK commercial properties as well as UK property-backed securities - Says net asset value per share at September 30 increases 7.2% to 290.52 pence per share, from 271.10p at March year end. Ups interim payout by 3.4% to 6.00p from 5.80p. Savills values company's estate at GBP110.1 million at September end, up from GBP80.6 million at end of March. During period, eight new properties were purchased for GBP22.5 million.

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Triple Point Income VCT PLC - renewable energy investor - Net asset value per share declines across board in six months to September 30. For C shares, NAV per share falls 2.1% to 81.56 pence from 83.30p in March. Over same period, D shares NAV per share down 1.7% to 58.57p from 59.59p. For E shares, NAV per share down by a chunkier 3.4% to 91.38p from 94.59p. Company says: "During the period we have seen the welcome lift of restrictions imposed due to the Covid-19 pandemic, and the refocus of the market onto other globally important issues, including the part that renewable energy has to play in tackling climate change and the role that intermittent energy generation plays to support the rise of renewables. We have also seen volatility of power prices. However, as the majority of our revenues are generated from renewable incentive schemes, the company's investments in both hydroelectric schemes and rooftop solar companies have not been materially adversely affected by this volatility."

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Condor Gold PLC - mine developer in Nicaragua - In third quarter ended September 30, Condor generates no revenue, unchanged annually. Pretax loss stretches to GBP591,827 from GBP377,286. Share-based payments increase 61% to GBP151,963 from GBP94,514 a year earlier. Administrative expenses rise 56% to GBP439,864 from GBP282,772. Condor Chair and Chief Executive Mark Child says third quarter focus was furthering La India project in Nicaragua to "shovel-ready status". "Several significant step-out and in-fill exploration programs were either advanced or completed. Additionally, the company provided the key findings of a technical report on the project which summarizes the results of a strategic mining study to Preliminary economic assessment standards," Child says.

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Pure Gold Mining Inc - Vancouver, Canada-based gold miner - Says third quarter pretax loss widens to CAD13.2 million from CAD9.7 million a year earlier. Posts no revenue, unchanged annually. Third-quarter gold production of 9,260 ounces, up 54% on the second quarter, with average daily throughput of 685 tonnes.

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Canadian Overseas Petroleum Ltd - oil and gas exploration focused on Nigeria and the US state of Wyoming - Says petroleum sales, net of royalties, amount to USD5.2 million in third quarter, after achieving none a year prior. Makes USD2.5 million unrealised loss and USD648,000 realised loss on crude derivates. It means revenue amounts to USD2.1 million. It did not post third quarter revenue a year earlier. Swings to net profit of USD7.5 million from USD2.1 million loss.

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MTI Wireless Edge Ltd - Israel-based communication and radio frequency technology - Posts results for nine months ended September 30. Revenue rises 8.1% to USD32.1 million from USD29.7 million a year earlier. Pretax profit increases 7.0% year-on-year to USD3.1 million from USD2.9 million. CEO Moni Borovitz says third quarter was "positive". "Operationally we are close to normal now, with nearly all of our markets functioning as they did pre-pandemic, but travel limitations and the availability and cost of shipment continue to be part of our challenges as part of the 'new normal'," Borovitz adds.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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6 Jun 2022 14:57

IN BRIEF: Canadian Overseas subsidiary gets approval for asset buy

Canadian Overseas Petroleum Ltd - Calgary, Canada-based oil and gas company - Says its subsidiary COPL America Inc receives approval for its purchase of the Wyoming assets of Cuda Energy LLC from the United States Bankruptcy Court for the District of Wyoming. Canadian Overseas expects the acquisition to close between June 18 and July 18.

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17 May 2022 17:03

TRADING UPDATES: Van Elle, Equals expect profit to beat consensus

(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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3 May 2022 21:55

TRADING UPDATES: Vela, Standard Life Investments up portfolio value

(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 Apr 2022 22:13

TRADING UPDATES: AVI Japan outperforms; Crossword annual revenue grows

(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 Apr 2022 12:02

TRADING UPDATES: Cerillion profit up; Iofina says iodine demand strong

(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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6 Apr 2022 14:09

IN BRIEF: Canadian Overseas Petroleum reiterates 2022 objectives

Canadian Overseas Petroleum Ltd - Calgary, Canada-based oil and gas company - Reiterates its objectives for 2022, aiming to optimise and increase oil production at the operated Barron Flats Shannon Unit miscible flood. Alluding to some discussions about his company taking place online, President & Chief Executive Officer Arthur Millholland hopes "our clarification aids those stakeholders that have concerns resulting from the views and discussions on social media and internet chat forums."

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1 Apr 2022 10:57

IN BRIEF: Canadian Overseas Petroleum hit by facility constraints

Canadian Overseas Petroleum Ltd - Calgary, Canada-based oil and gas company - Says net crude oil sales before royalties averaged 972 barrels per day in 2021, it explains that this figure was limited due to facility constraints. In the final quarter sales averaged 1,094 barrels a day, up marginally from an average of 1,071 barrels the previous quarter. Petroleum sales, net of royalties, were USD15.0 million in 2021 though Canadian Overseas notes that this was offset by a USD2.3 million loss on crude oil hedge contracts. In the final quarter, sales were USD5.8 million, up 12% from USD5.2 million in the third quarter.

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23 Mar 2022 16:02

UK earnings, trading statements calendar - next 7 days

Thursday 24 March 
Arbuthnot Banking Group PLCFull Year Results
Atalaya Mining PLCFull Year Results
Big Technologies PLCFull Year Results
Biome Technologies PLCFull Year Results
Bridepoint Group PLCFull Year Results
CVS Group PLCHalf Year Results
Energean PLCFull Year Results
EnQuest PLCFull Year Results
Eve Sleep PLCFull Year Results
International Public Partnerships LtdFull Year Results
Kin & Carta PLCFull Year Results
Next PLCFull Year Results
Robinson PLCFull Year Results
Safestyle UK PLCFull Year Results
Secure Trust Bank PLCFull Year Results
Sopheon PLCFull Year Results
Starwood European Real Estate LtdFull Year Results
WAG Payment Solutions PLCFull Year Results
Friday 25 March 
Electrocomponents PLCTrading Statement
Faron Pharmaceuticals LtdFull Year Results
Smiths Group Half Year Results
United Utilities Group PLCTrading Statement
Wickes Group PLCFull Year Results
Monday 28 March 
Brighton Pier Group PLCHalf Year Results
Dialight PLCFull Year Results
Hercules Site Services PLCFull Year Results
RTC Group PLCFull Year Results
LungLife AI IncFull Year Results
Octopus Renewables Infrastructure Trust PLCFull Year Results
Tuesday 29 March 
AG Barr PLCFull Year Results
Animalcare Group PLCFull Year Results
Aquis Exchange PLCFull Year Results
Artisanal Spirits Co PLCFull Year Results
Bellway PLCHalf Year Results
Burford Capital LtdFull Year Results
Central Asia Metals PLCFull Year Results
Ergomed PLCFull Year Results
FireAngel Safety Technology Group PLCFull Year Results
Genedrive PLCHalf Year Results
Good Energy Group PLCFull Year Results
IQE PLCFull Year Results
Mortgage Advice Bureau Holdings PLCFull Year Results
NAHL Group PLCFull Year Results
Personal Group Holdings PLCFull Year Results
RBG Holdings PLCFull Year Results
Regional REIT LtdFull Year Results
S&U PLCFull Year Results
SkinBioTherapeutics PLCHalf Year Results
SSE PLCTrading Statement
Ten Entertainment Group PLCFull Year Results
Xaar PLCFull Year Results
XLMedia PLCFull Year Results
Wednesday 30 March 
Anglo Pacific Group PLCFull Year Results
Bank of Cyprus Holdings PLCFull Year Results
Bowleven PLCHalf Year Results
Canadian Overseas Petroleum LtdFull Year Results
Ebiquity PLCFull Year Results
Equals Group PLCFull Year Results
Gulf Keystone Petroleum LtdFull Year Results
Inspired PLCFull Year Results
Keywords Studios PLCFull Year Results
Michelmersh Brick Holdings PLCFull Year Results
Shepherd Neame LtdHalf Year Results
Team17 Group PLCFull Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
1 Feb 2022 13:10

IN BRIEF: Canadian Overseas Petroleum CEO buys GBP225,000 in shares

IN BRIEF: Canadian Overseas Petroleum CEO buys GBP225,000 in shares

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10 Jan 2022 16:54

LONDON MARKET CLOSE: Stocks fall as Fed keeps markets "on edge"

LONDON MARKET CLOSE: Stocks fall as Fed keeps markets "on edge"

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10 Jan 2022 12:13

IN BRIEF: Canadian Overseas Petroleum discovers oil in Wyoming

IN BRIEF: Canadian Overseas Petroleum discovers oil in Wyoming

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10 Jan 2022 11:08

SMALL-CAP WINNERS & LOSERS: Canadian Overseas soars on oil discovery

SMALL-CAP WINNERS & LOSERS: Canadian Overseas soars on oil discovery

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1 Dec 2021 22:04

TRADING UPDATES: Halfords and Springfield to raise funds for new deals

TRADING UPDATES: Halfords and Springfield to raise funds for new deals

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27 Sep 2021 10:53

IN BRIEF: Canadian Overseas Petroleum plans 100-into-1 consolidation

IN BRIEF: Canadian Overseas Petroleum plans 100-into-1 consolidation

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