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TRADING UPDATES: Tullow Oil meets 2021 guidance; DP Eurasia sales rise

Wed, 26th Jan 2022 17:03

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

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Tullow Oil PLC - West Africa-focused oil and gas producer - For 2021, working interest oil production averages 59,200 barrels of oil per day, in line with guidance due to growth from the Jubilee field in Ghana and Simba field in Gabon. As a result, in addition to a realised oil price of USD63 per barrel, revenue is expected to be USD1.3 billion, down from USD1.40 billion in 2020. Looking ahead, 2022 production guidance is set between 55,000 to 61,000 barrels per day. However, this guidance will be adjusted following the sale of Occidental Petroleum's interest in Ghana to Kosmos Energy Ltd.

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DP Eurasia NV - master franchisee of the Domino's Pizza brand in Turkey, Russia, Azerbaijan and Georgia - For 2021, total systems sales increase 52% year-on-year to TRY2.38 billion, around USD175.4 million, from TRY1.60 billion, driven by strong demand in Turkey and an improved performance in Russia. On a like-for-like basis, system sales growth was 40.6% from 17.4%. Looking ahead, expects adjusted Ebitda for 2021 to be in line with expectations.

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Renew Holdings PLC - engineering services provider - For the first quarter ended December 31, performance is in line with management expectations, with order book standing at GBP742 million, up 9.6% from GBP677 million the same date a year before.

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Safestyle UK PLC - Bradford, England-based PVCu double-glazed windows provider - For the year ended January 2, underlying posttax profit is set to be ahead of market expectations, on top of revenue to rise 27% year-on-year to GBP143.3 million. Also reflects a 14% rise from the 2019 financial year. Looking ahead, expects operating conditions to improve in 2022.

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Real Estate Investors PLC - Midlands focused investment trust - Rent collections levels for 2021 reaches 97.8%, while occupancy at the year-end stood at 85.8%, down from 91.6% the year before.

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Ingenta PLC - Oxford, England-based provider of software and services to media - For 2021, expects revenue to remain flat at GBP10.1 million, but adjusted earnings before interest, tax, depreciation and amortisation at GBP1.5 million, up 25% from GBP1.2 million the year before. Will pay a final dividend of 2.0 pence per share for the year.

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ECSC Group PLC - Yorkshire, England and Brisbane, Australia-based cyber security services - For 2021, revenue rises 8% to GBP6.1 million from GBP5.7 million the year before, leading to expectations of positive adjusted Ebitda for the period.

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Zoo Digital Group PLC - Sheffield, England-based provider of cloud software and media services - For the year ending March 31, revenue is expected to be ahead of market expectations and come to at least USD57 million, a 44% rise from USD39.5 million the year before, driven by new territory launches and the return of new productions. Zoo has become the primary vendor for forthcoming European launch of a global streaming service, which is set to lead to significant orders.

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accesso Technology Group PLC - Berkshire, England-based provider of software for leisure, entertainment and cultural sectors - In spite of the effect of the new Omicron variant, for 2021 the company expects revenue be at least USD124 million, ahead of management expectations, and more than doubled from USD56.1 million in 2020. Also reflects a 5.8% rise from USD117.2 million in 2019.

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Oakley Capital Investments Ltd - investment trust - As at December 31, net asset value per share is 538 pence, up from 403p the same date a year prior. Over the course of 2021, the trust made GBP137 million in investments, and gained GBP121 million in the share of proceeds.

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Bloomsbury Publishing PLC - London-based publisher -For the year ending February 28, expects pretax profit and revenue to be ahead of current market expectations, which is for pretax profit of GBP20.1 million and revenue of GBP197.1 million. For the year prior, pretax profit was GBP17.3 million, and revenue GBP185.1 million.

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Diurnal Group PLC - Cardiff, Wales-based pharmaceutical company focused on hormonal diseases - Revenue for the six months ended December 31 rises 75% year-on-year to GBP2.2 million from GBP1.2 million, driven by growth in product sales of Alkindi and the initial launch of Efmody in Germany, UK and Austria. Looking ahead, Efmody sales are set to accelerate significantly in the first half of 2022, on expectations of receiving pricing and formulary approvals in its target European markets.

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Uniphar PLC - Dublin-based healthcare services firm - Performs in line with expectations for 2021, and expects to report at least an 8% rise in gross profit, driven by a strong performance from all businesses, especially Commercial & Clinical and Product Access.

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Gaming Realms PLC - London-based developer and licensor of mobile focused gaming content - For 2021, expects to report a 70% year-on-year increase in adjusted Ebitda to GBP5.6 million, and a 27% rise in revenue to GBP14.5 million, driven mainly by growth from the licensing business, which has launched in two new US iGaming markets of Michigan and Pennsylvania.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
20 Feb 2024 10:10

IN BRIEF: DP Eurasia to be taken private following Jubilant offer

DP Eurasia NV - master franchisee of the Domino's Pizza brand in Turkey, Azerbaijan, and Georgia - Expects shares to be cancelled on February 28 following the agreed 110 pence per share bid by Jubilant Foodworks Netherlands BV. Explains Jubilant Foodworks then intends to convert DP Eurasia into a Dutch private company with limited liability and to ultimately acquire 100% of the DP Eurasia shares and/or the business and operations of DP Eurasia. DP Eurasia points out this will significantly reduce the liquidity and marketability for DP Eurasia shareholders, who have not accepted the bid, and their value may be affected as a consequence. Says offer has been accepted by 94% of shareholders to date. Notes remaining DP Eurasia shareholders will become minority investors in a majority controlled private company with limited liability and may therefore be unable to sell their DP Eurasia shares. Further DP Eurasia calls emergency general meeting for April 2. Jubilant Foodworks already holds the master franchise rights from Domino's Pizza to develop and operate its stores across India, Sri Lanka, Bangladesh and Nepal.

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16 Feb 2024 17:22

IN BRIEF: DP Eurasia store count at 796 at end of 2023

DP Eurasia NV - master franchisee of the Domino's Pizza brand in Turkey, Azerbaijan, and Georgia - Says its store count is at 796 as of December 31, including 690 Domino's Turkey stores. Adds that its Coffy brand "is profitable, operates in a market with high frequency of coffee consumption and is on the path to become one of the top five coffee brands in Turkey" by the end of 2024.

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30 Jan 2024 19:46

IN BRIEF: DP Eurasia to axe listing as Jubilant bid gets 76% backing

DP Eurasia NV - master franchisee of the Domino's Pizza brand in Turkey, Azerbaijan, and Georgia - Jubilant Foodworks Netherlands BV reports acceptances from shareholders representing 76% of DP Eurasia shares. Accordingly, the listing of DP Eurasia shares on the premium listing segment of the Official List and the trading of DP Eurasia Shares on the London Stock Exchange's Main Market is to be cancelled. This will take effect on February 27. Jubilant Foodworks urges remaining shareholders to accept increased bid. Earlier January, DP Eurasia received a final takeover offer from Jubilant worth GBP161 million 110 pence per share.

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16 Jan 2024 10:01

DP Eurasia shares rise as Jubilant makes "increased and final" offer

(Alliance News) - DP Eurasia NV on Tuesday received a final takeover offer from Jubilant Foodworks Ltd, which values it at over GBP161 million.

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15 Jan 2024 18:03

IN BRIEF: Jubilant Foodworks extends deadline for DP Eurasia offer

DP Eurasia NV - master franchisee of the Domino's Pizza brand in Turkey, Azerbaijan, and Georgia - Jubilant Foodworks Netherlands BV extends deadline for acceptance of bid for shares it does not already own in DP Eurasia to January 31. On November 28, Jubilant launched a 85 pence per share offer for DP Eurasia which it raised to 95p per share in December.

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28 Dec 2023 11:48

DP Eurasia till negotiating with Jubilant Foodworks over takeover

(Alliance News) - DP Eurasia NV on Thursday said it is still in negotiations with Jubilant Foodworks Netherlands BV, a subsidiary of Jubilant Foodworks Ltd, despite an announcement from Jubilant that it is not in negotiations.

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19 Dec 2023 11:10

DP Eurasia urges shareholders against Jubilant Foodwork's new offer

(Alliance News) - DP Eurasia NV on Tuesday responded to an improved takeover bid by Jubilant Foodworks Netherlands BV.

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19 Dec 2023 09:34

DP Eurasia rejects new £140m takeover offer, lifts profit guidance

(Sharecast News) - Shares in DP Eurasia, the UK-listed franchisee of Domino's Pizza stores in Turkey, Azerbaijan and Georgia, shot up on Tuesday after the board recommended against an increased takeover offer by majority shareholder Jubilant Foodworks Netherlands.

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1 Dec 2023 11:13

IN BRIEF: DP Eurasia "extremely disappointed" in Jubilant Foodworks

DP Eurasia NV - master franchisee for Domino's Pizza Group PLC in Turkey, Azerbaijan and Georgia - Says it is "extremely disappointed" that now-majority shareholder Jubilant Foodworks Netherlands BV made a takeover offer for the company without trying to reach agreement with the board first. Following share purchases made this week, Jubilant holds a 53.5% stake in DP Eurasia. Under company rules, Jubilant would have had to make a mandatory offer for the rest of the company on the day it exceeded a 50% holding, but DP Eurasia notes that Jubilant made its offer of 85 pence per share on Tuesday, when it only had a 48.8% stake. The offer values all of DP Eurasia at GBP124.6 million.

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30 Nov 2023 18:34

IN BRIEF: Jubilant buys more DP Eurasia shares as looks to buy firm

DP Eurasia NV - master franchisee for Domino's Pizza Group PLC in Turkey, Azerbaijan and Georgia - Jubilant Foodworks Netherlands BV acquires 855,970 DP Eurasia shares at a price of 84.75 pence each and 1.0 million shares at a price of 84.26p per share in London. Jubilant now owns 78.5 million DP Eurasia shares or 54%.

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28 Nov 2023 18:13

UPDATE: Jubilant increases stake in bid target DP Eurasia above 50%

(Alliance News) - Jubilant Foodworks Netherlands BV on Tuesday said it had acquired around 3.9 million shares in bid target DP Eurasia NV.

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28 Nov 2023 17:21

UPDATE: DP Eurasia says "take no action" as sizing up Jubilant bid

(Alliance News) - DP Eurasia NV on Tuesday told shareholders to take no action after the pizza chain master franchisee received an unsolicited takeover bid.

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28 Nov 2023 12:12

DP Eurasia soars on takeover offer; celebrates revenue jump

(Alliance News) - DP Eurasia NV on Tuesday received a takeover bid from Jubilant FoodWorks Ltd's Dutch subsidiary for its remaining shares and separately reported a boost in year-to-date sales.

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21 Nov 2023 15:44

UK earnings, trading statements calendar - next 7 days

Wednesday 22 November 
Bodycote PLCTrading Statement
Breedon Group PLCTrading Statement
Britvic PLCFull Year Results
Coats Group PLCTrading Statement
Grainger PLCFull Year Results
Helical PLCHalf Year Results
HICL Infrastructure PLCHalf Year Results
Johnson Matthey PLCHalf Year Results
Kingfisher PLCQ3 Results
Molten Ventures PLCHalf Year Results
NextEnergy Solar Fund LtdHalf Year Results
Redcentric PLCHalf Year Results
Rotork PLCTrading Statement
Sage Group PLCFull Year Results
Severn Trent PLCHalf Year Results
Shearwater Group PLCHalf Year Results
Speedy Hire PLCHalf Year Results
Ten Lifestyle Group PLCFull Year Results
Tremor International LtdQ3 Results
TT Electronics PLCTrading Statement
Victorian Plumbing Group PLCFull Year Results
Thursday 23 November 
Alpha Financial Markets Consulting PLCHalf Year Results
First Property Group PLCHalf Year Results
FirstGroup PLCHalf Year Results
Intertek Group PLCTrading Statement
Jet2 PLCHalf Year Results
LondonMetric Property PLCHalf Year Results
Mitie Group PLCHalf Year Results
Motorpoint Group PLCHalf Year Results
NewRiver REIT PLCHalf Year Results
PayPoint PLCHalf Year Results
Princess Private Equity Holding LtdQ3 Results
Virgin Money UK PLCFull Year Results
Volex PLCHalf Year Results
XPS Pensions Group PLCHalf Year Results
Friday 24 November 
no events scheduled 
Monday 27 November 
Celebrus Technologies PLCHalf Year Results
DSW Capital PLCHalf Year Results
JLEN Environmental Assets Group LtdHalf Year Results
Northern Bear PLCHalf Year Results
Rightmove PLCTrading Statement
Serinus Energy PLCQ3 Results
SysGroup PLCHalf Year Results
Tuesday 28 November 
Altitude Group PLCHalf Year Results
Augmentum FintechHalf Year Results
Brickability Group PLCHalf Year Results
DP Eurasia NVTrading Statement
easyJet PLCFull Year Results
Focusrite PLCFull Year Results
Greencore Group PLCFull Year Results
IG Design Group PLCHalf Year Results
Kinovo PLCHalf Year Results
Loungers PLCHalf Year Results
Mercia Asset Management PLCHalf Year Results
Pets At Home Group PLCHalf Year Results
Renew Holdings PLCFull Year Results
Safestore Holdings PLCTrading Statement
Supreme PLCHalf Year Results
Topps Tiles PLCFull Year Results
Treatt PLCFull Year Results
Vp PLCHalf Year Results
Watkin Jones PLCHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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19 Sep 2023 16:26

EARNINGS: accesso Tech turns to loss on costs; DP Eurasia hails Turkey

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

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