Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCOPL Share News (COPL)

  • This share is currently suspended. It was suspended at a price of 0.0575

Share Price Information for COPL (COPL)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.0575
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.00 (0.00%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 0.0575
COPL Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK EARNINGS SUMMARY: Rockhopper Loss Balloons, Confident In Sea Lion

Tue, 15th Sep 2020 19:19

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

----------

Rockhopper Exploration PLC - oil and gas exploration company - Interim pretax loss widens significantly to USD226.8 million from USD16.5 million year before. Exploration and evaluation expenses jump to USD223.6 million from USD1.1 million year before. Revenue in six months to June 30 halves to USD2.5 million from USD4.8 million year before. Confident in Sea Lion license in Falklands and is focused on completed Navitas farm-in in the fourth quarter of 2020. Rockhopper is fully funded for all Sea Lion development costs through to project completion.

----------

Good Energy Group PLC - renewable electricity supplier - Sinks to first half pretax loss of GBP1.1 million compared to GBP2.5 million profit year before. Revenue in the six months to June 30 rises to GBP67.5 million from GBP63.5 million. Administration costs rise to GBP13.9 million from GBP12.3 million. Cancels interim divided following 1.1 pence payout year before - expects to resume dividends in 2021. Underlying performance of the core business in line with management expectations, Good Energy says, adjusting for the impact of Covid-19

----------

Corero Network Security PLC - denial-of-service attack security provider - Half-year loss narrows to USD2.7 million from USD3.9 million year before. Revenue in six months to June 30 grows to USD6.2 million from USD4.2 million year before. Revenue from DDoS protection as-a-service contracts increases to USD1.2 million from USD500,000. Order intake increases by 58% to USD7.9 million. During the first half, Corero, through its SmartWall solutions adds 18 new customers. CEO Lionel Chmilewsky said he remains remain confident in the medium and long-term prospects of the company.

----------

Beeks Financial Cloud Group PLC - cloud computing and connectivity provider for financial markets - Annual pretax profit slips to GBP678,000 versus GBP1.0 million year before. Revenue in the 12 months to June 30 rises to GBP9.4 million from GBP7.4 million year before. Administrative expenses up to GBP3.6 million from GBP2.5 million. Total dividend unchanged at 0.35 pence. CEO Gordon McArthur said: "I am pleased to report on a year of considerable progress, in which the group has delivered against its strategic objectives; increasing the number of tier 1 customers, expanding its geographic presence and offering and completing the strategic acquisition of Velocimetrics." McArthur expects to grow company's existing Tier 1 accounts.

----------

Trinity Exploration & Production PLC - Trinidad & Tobago focused oil exploration and production company - Swings to interim pretax profit of USD942,000 versus USD572,000 loss year before. Operating revenue in six months to June 30 slips to USD21.5 million from USD32.2 million year before. Average net production up sharply to 3,282 bopd from 3,008 year before. But average realised oil price down 23% year on year to USD36.3 per barrel from USD59.1 year before. Executive Chair Bruce Dingwall said: "Everyone is aware of the exceptional circumstances - with Covid impacting both operational practices and the oil price. Despite these challenges, our financial resilience, emphasis on cost management and high operating standards have enabled the company to increase production and increase free cash flows, thereby further strengthening our balance sheet and establishing the necessary foundations for future growth both from existing and new opportunities."

----------

Octopus Renewables Infrastructure Trust PLC - closed end investment company focused on renewable energy assets in Europe and Australia - June 30 NAV per share 97.58 pence, with net assets of GBP341.5 million. Incorporated on October 11, 2019, with London IPO December 10. Total shareholder return since incorporation to June 30 at 12.2%. Dividend in period totals 1.06 pence per share. Has now committed 75% of net IPO proceeds. Firm's portfolio is forecast to generate 262 gigawatt hours of renewable electricity, equivalent to powering 59,000 homes with clean energy and avoiding emissions of 49,000 tonnes of carbon dioxide annually.

----------

Mobeus Income & Growth 4 VCT PLC - investor in UK unquoted companies - June 30 NAV per share 64.59 pence compared to 74.90p at December 31. Net assets dip over six-month period to GBP54.6 million from GBP59.5 million. Portfolio ends first half valued at GBP33.3 million compared to GBP36.1 million at same point year before. Blames drop in portfolio value on revaluations made following the Covid-19 pandemic."These adjustments were partly market related, but also partly in response to Covid-19's impact on specific market segments and investee companies. In this context it is fortunate that the company's portfolio has a relatively limited exposure to the travel and hospitality sectors," Mobeus adds. NAV total return in first half negative 0.4%. Declares interim dividend of 6.0p, maintains 4.0p annual dividend target.

----------

APQ Global Ltd - emerging markets income investor - December 31, 2019 book value USD72.9 million versus USD76.4 million at the start of 2019. Book value per share ended 2019 at 93.19 US cents versus 97.84 cents year before. June 30 book value USD24.8 million, with book value per share falling to 31.70 cents. Suspends dividend in cash prevention measure. "During the first quarter of 2020, the company experienced difficult trading conditions in its liquid portfolio due to large market movements in emerging markets currencies, bonds and equities, caused by the Covid-19 pandemic," APQ explains.

----------

Canadian Overseas Petroleum Ltd - Sub-Saharan African focused oil and gas company - Records net loss of USD919,000 in second quarter versus USD1.1 million loss year before. Net loss in first half narrows to USD1.2 million from USD2.2 million year before. Administrative expenses in six months to June 30 narrow to USD1.3 million from USD2.2 million. "In the second quarter of 2020, management progressed options to finance the company's continuing operation. The company continued to identify, evaluate and pursue exploration and development opportunities in African countries and elsewhere," Canadian Overseas said. Currently, the company does not have material cash inflows or adequate financing to develop profitable operations, it noted. The company is pursuing exploration projects and contracts that will require substantial additional financing before they are able to generate positive cash flows.

----------

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
18 Dec 2023 07:55

LONDON BRIEFING: Games Workshop seals Amazon deal for Warhammer 40,000

(Alliance News) - Stocks in London were set to retreat slightly on Monday, in line with equity markets in Asia, at the start of the last week before the Christmas holidays.

Read more
15 Nov 2023 14:20

Canadian Overseas shares drop as downtime hits crude oil sales

(Alliance News) - Canadian Overseas Petroleum Ltd on Wednesday said petroleum sales increased in its latest quarter due to rising oil prices, but that crude oil sales fell due to repair work at multiple wells.

Read more
7 Nov 2023 19:29

EXECUTIVE CHANGES: Psych Capital names new CEO; Shuka appoints chair

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and not separately reported by Alliance News:

Read more
13 Oct 2023 14:13

IN BRIEF: Canadian Overseas Petroleum raises USD4 million in financing

Canadian Overseas Petroleum Ltd - International oil and gas exploration, production and development company with production and development operations focused in Converse and Natrona counties, Wyoming - Confirms that it has received USD4 million, at 2.6 pence per share, to conclude the financing announced on October 6. As part of its liquidity management and in conjunction with the terms of the financing, Canadian Overseas Petroleum says that it will be settling amounts owed to various creditors in shares over the coming weeks.

Read more
6 Oct 2023 14:07

Canadian Overseas Petroleum raises more equity but at lower price

(Alliance News) - Canadian Overseas Petroleum Ltd on Friday said it raised more equity investment than expected but at a much lower price than originally planned, following a share price tumble over the past month.

Read more
2 Oct 2023 18:40

EARNINGS AND TRADING: EDX Medical reports loss; Brandshield CFO leaves

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

Read more
6 Sep 2023 12:59

Canadian Overseas Petroleum improves finances, picks new chair and CEO

(Alliance News) - Canadian Overseas Petroleum Ltd on Wednesday announced a series of improvements to its financing situation, while also installing a new board chair and chief executive officer.

Read more
15 Aug 2023 14:27

Canadian Overseas sells more but cheaper oil in second quarter

(Alliance News) - Canadian Overseas Petroleum Ltd on Tuesday reported it sold more oil in the second quarter of 2023 than a year ago, albeit lower prices reduced revenue.

Read more
24 Jul 2023 10:26

IN BRIEF: Canadian Overseas Petroleum affiliate secures Wyoming deal

Canadian Overseas Petroleum Ltd - oil and gas exploration, production and development company with production and development operations focused in the Converse and Natrona counties, Wyoming - Announces its COPL America affiliate signs non-binding letter of intent for a joint venture with "an established energy company" to develop and exploit oil reserves at the Cole Creek join-venture in Converse and Natrona counties, Wyoming.

Read more
24 Jul 2023 09:24

SMALL-CAP WINNERS & LOSERS: S4 Capital shares drop as guidance lowered

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

Read more
6 Jul 2023 15:47

IN BRIEF: Canadian Overseas reports quarterly oil production rebound

Canadian Overseas Petroleum Ltd - oil and gas exploration, production and development company with production and development operations focused in the Converse and Natrona counties, Wyoming - Says that oil production in the second quarter rebounded to an average of 1,250 barrels of oil per day, with production for the month of June averaging 1,249 barrels. Pipelining at the Barron Flats Shannon Unit caused intermittent interruptions in injection volumes and production volumes due to temporary shutdown of certain injection wells and production wells.

Read more
26 Jun 2023 20:05

TRADING UPDATES: WANDisco in extra cost savings; SRT raises GBP750,000

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

Read more
20 Jun 2023 15:10

IN BRIEF: Canadian Overseas Petroleum chair steps down, interim hired

Canadian Overseas Petroleum Ltd - Calgary-based oil and gas company with operations focused in Wyoming, US - Chair Harald Ludwig steps down from board with immediate effect. Says John Cowan will become interim chair. As board director Massimo Carello also leaves with immediate effect, says the board now consists of three non-executive directors and one executive director. There are currently no plans to appoint new directors, Canadian Oversea Petroleum says.

Read more
16 Jun 2023 09:19

IN BRIEF: Canadian Overseas shares down on conversion of bonds

Canadian Overseas Petroleum Ltd - Calgary-based oil and gas company with operations focused in Wyoming, US - Issues 25.9 million common shares to settle USD1.3 million of conversion payments. Following the issue of the shares, the company will have a total of 477.5 million shares issued and outstanding.

Read more
5 Jun 2023 13:57

IN BRIEF: Canadian Overseas production recovers after extreme weather

Canadian Overseas Petroleum Ltd - Calgary-based oil and gas company with operations focused in Wyoming, US - Says oil production is increasing due in part to resumption of optimisation programme after disruptions caused by severe winter weather, which reduced sales in the fourth quarter. Average gross production increased 14% to 1,330 barrels of oil per day in May from 1,170 barrels in April. Meanwhile conversions of three Barron Flats Shannon Unit flowing wells to pumping-flowing wells have been completed. The first was converted in April with production more than doubled to 190 barrels per day in May up from 90 barrels pre-conversion. The second well is not yet stable but is producing above pre-conversion levels. The company is planning paraffin treatment schedules to rectify this. Production on the third well resumed on May 31. Canadian Overseas also says the initial phase of the second Cole Creek Unit re-completion for frontier one oil production has been completed, with oil inflow observed upon perforation.

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.