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Pin to quick picksCorcel Share News (CRCL)

Share Price Information for Corcel (CRCL)

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EARNINGS: Odyssean asset value dips, Cardiff Property profit falls

Thu, 30th Nov 2023 14:37

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

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CT UK Capital & Income Investment Trust PLC - Edinburgh, Scotland-based investment trust - Delivers positive 13.1% net asset value total return for the year that ended on September 30, compared with FTSE All-Share Index which delivered positive 13.8%. Swings from negative 13% the previous year, which underperformed the index which delivered negative 4.0%. NAV per share is 301.67 pence as of September 30, up from 277.66p at the same time one year prior. Company declares fourth quarterly dividend of 3.90p per share, up from 2.75p for the previous quarter and bringing the total dividend for financial 2023 to 12.15p. Says immediate macroeconomic outlook is "far from promising" but remains confident that its portfolio valuations are attractive.

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Cardiff Property PLC - Surrey, England-based property investor and developer - Pretax profit for the year that ended on September 30 decreases 53% to GBP1.3 million from GBP2.7 million the previous year. Earnings per share decrease to 104.62p from 218.23p. Revenue falls 5.8% to GBP662,000. Company declares final dividend of 16.0p per share, up from 15.0p and bring the total dividend to 22.0p, up 7.3% from 20.5p. Says economic uncertainty plus prospect of continued high interest rates "will inevitably limit any sustained recovery in the property market" but that it is well-positioned to benefit from "any recovery".

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Odyssean Investment Trust PLC - London-based investment trust focused on smaller companies - NAV per share decreases 2.6% to 156.2p at September 30, from 160.4p at March 31. Delivers NAV total return of negative 2.6% for the six months that ended on September 30, compared with negative 2.9% from the NSCI ex IC plus AIM Total Return Index. Declares no interim dividend. Says investors' attitude towards UK equities "continues to be very poor" but its portfolio manager is taking on positions "where there are prospects of significant long term premium returns."

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Corcel PLC - London-based mining and mineral resource development company with operations in Papua New Guinea, Canada, Australia, and the UK - Says it has as of Thursday largely completed its transition from battery metals to oil and gas. Reports GBP1.3 million pretax loss in the the year that ended on June 30 from GBP2.1 million loss the year before. Company does not currently generate any revenue. Administrative expenses increase to GBP1.4 million from GBP1.2 million. Company incurs a one-off gain of GBP475,000 on disposal of tenements and GBP384,000 on disposal of joint ventures and other subsidiaries. Says it is "positioned to succeed in [the oil and gas sector] while others have failed" thanks to its "top tier appraisal" and development assets in Angola.

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By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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