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Pin to quick picksEco (atlantic) Share News (ECO)

Share Price Information for Eco (atlantic) (ECO)

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Share Price: 14.375
Bid: 14.25
Ask: 14.50
Change: 0.70 (5.07%)
Spread: 0.25 (1.754%)
Open: 13.875
High: 14.50
Low: 14.50
Prev. Close: 13.80
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EARNINGS SUMMARY: ActiveOps loss narrows; Puma VCT net assets up

Tue, 29th Nov 2022 21:36

(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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ActiveOps PLC - Reading, England-based management software firm - Pretax loss for the six months to September 30 narrows to GBP606,000 from GBP991,000 a year before. Revenue grows 7% to GBP12.3 million versus GBP11.5 million. Attributes this to new customer wins and "substantial expansion deals," resulting in substantial growth in SaaS revenue. Remains optimistic about the future due to expansion deals on the horizon and an expanding product offering.

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First Property Group PLC - London-based property fund manager and investor - Pretax profit in the six months to September 30 falls 64% to GBP2.4 million from GBP6.7 million. The profit last year was flattered by a loan restructuring, it explains. Revenue grows to GBP4.2 million versus GBP4.0 million. Maintains an interim dividend of 0.25 pence per share. "There is bound to be a period of weakness, but things should settle during 2023 as long as there are no other shocks to the system. In time, higher inflation should result in rents increasing across the board, though a recession may slow down this adjustment," Chief Executive Ben Habib comments.

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Eco Atlantic Oil & Gas Ltd - Toronto-based oil and gas exploration company - Reports net loss of USD16.5 million for the six months to September 30, widened from USD1.2 million a year before, as total operating expenses jump to USD17.3 million from USD1.4 million. Interest income multiplies to USD56,452 from GBP8,435. Expects to have roughly USD17.5 million cash and cash equivalents at the end of November 2022, following receipt of the initial proceeds from the sale of the Kozani project in the coming days. "We remain highly optimistic about the potential contained within the Orinduik Block, and we are working with our JV partners to drill another well as quickly as possible. Guyana remains one of the most exciting exploration hotspots, alongside Orange Basin SA and Namibia, where we also hold a highly strategic acreage position, and we are working hard to deliver value for all our stakeholders across our asset portfolio in the near to medium term," President & CEO Gil Holzman comments.

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Karelian Diamond Resources PLC - Dublin-based diamond explorer - Swings to a pretax profit of EUR13,593 in the financial year that ended May 31 from a loss at EUR422,192 the year prior. The profit was generated as a result of the movement in fair value of warrants totalling EUR389,904, it explains. Looks forward to receiving the necessary land valuation decisions in addition to the planned diamond exploration work in Finland.

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Atrato Onsite Energy PLC - London-based renewable energy investment trust - Net asset value per share stands at 92.8 pence as at September 30, down versus 97.4 pence as at March 31. Share price on the same date falls to 99.5 pence from 112.5 pence. Declares a dividend of 3.01p, in line with its target set out at the IPO. Deploys GBP49 million into a diversified portfolio of solar photovoltaic systems during the period. "Our investments support the UK's net zero agenda whilst delivering progressive dividend income and long-term opportunities for capital growth. We are encouraged and feel confident in the position we have built for onsite solar in the UK," Chair Juliet Davenport comments.

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Inqo Investments Ltd - South Africa-focused investment firm - Pretax loss in the half-year period to August 31 widens to ZAR5.2 million, or GBP255,916, from ZAR5.8 million a year before, as selling & administrative expenses to ZAR3.8 million from ZAR2.4 million. Revenue multiplies to ZAR3.4 million from ZAR607,688. Says that it remains in a good financial position with total assets of ZAR147.5 million and minimal debt.

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Puma VCT 13 PLC - venture capital trust - Net asset value as at August 31 stands at 136.33 pence, up from 129.84p the year before. This can be attributed to an upward revaluation across the majority of holdings, it explains. Records a return of 2.42p per share.

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Conroy Gold & Natural Resources PLC - Dublin-based gold exploration and development focused on Ireland and Finland - Swings to a pretax loss of GBP256,484 from a profit of GBP211,010 in the year which ended May 31. Operating expenses rise to GBP832,340 versus GBP752,619. Records no revenue in the period, unchanged from a year before. "Overall, we have made excellent progress in the last year and we will look to accelerate the pace of the work programme in the current year," Chair Richard Conroy comments.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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25 Aug 2022 19:17

IN BRIEF: Eco Atlantic Oil & Gas first quarter loss widens

Eco Atlantic Oil & Gas Ltd - Toronto-based oil and gas exploration company - Interest income first quarter to June 30 rises to USD20,127 from USD4,524 a year earlier. Net loss widens to USD2.7 million from USD825,624. Total operating expenses surge to USD4.0 million from USD692,276. Gets USD1.4 million boost from fair value change in warrant liability, however.

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12 Aug 2022 12:54

Eco Atlantic says rig on its way to Orange Basin well

(Sharecast News) - Oil and gas exploration company Eco Atlantic confirmed on Friday that the 'Island Innovator' rig, owned by Island Drilling Company, had been released and mobilised.

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IN BRIEF: Eco Atlantic Oil & Gas says rig mobilised at Gazania-1 well

Eco Atlantic Oil & Gas Ltd - Toronto-based oil and gas exploration company - Says the rig owned by Island Drilling Company AS, has been released and mobilised for Gazania-1 in South Africa. Says the rig is now under contract to Eco and its joint venture partners. Eco adds the rig is expected to arrive and spud by the end of September this year.

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1 Aug 2022 12:17

TRADING UPDATES: Eco Atlantic loss widens; MiLOC swings to loss

(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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6 Jul 2022 20:29

IN BRIEF: Eco acquires additional stake in South Africa's Block 3B/4B

Eco Atlantic Oil & Gas Ltd - Toronto-based oil and gas exploration company - Confirms it has received TSX Venture Exchange approval for its acquisition of an additional 6.25% stake in Block 3B/4B, offshore South Africa from the Lunn Family Trust, one of the shareholders of Ricocure Ltd.

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27 Jun 2022 11:54

Eco Atlantic raises USD12.3 million to up stake in Block 3B/4B

(Alliance News) - Eco Atlantic Oil & Gas Ltd on Monday said it has successfully raised USD12.3 million through a subscription and a placing, as it acquires an additional interest in Block 3B/4B, South Africa.

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22 Jun 2022 21:21

IN BRIEF: Eco Atlantic Oil & Gas plans Gazania spud in September

Eco Atlantic Oil & Gas Ltd - Toronto-based oil and gas exploration company - Plans to spud the Gazania-1 well, 25 kilometres offshore the Northern Cape in South Africa, in September 2022. Holds a 50% working interest in Block 2B, where well sits.

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14 Jun 2022 15:24

IN BRIEF: Eco Atlantic Oil & Gas backs out of JHI Associates deal

Eco Atlantic Oil & Gas Ltd - Toronto-based oil and gas exploration company - Cancels proposed USD52 million cashless acquisition of 100% of JHI Associates Inc, a Guyana-focused deepwater exploration company.

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11 May 2022 19:35

TRADING UPDATES: Norcros to raise GBP18 million for acquisition

(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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6 Apr 2022 11:39

Eco Atlantic Oil & Gas shares plunge after discounted equity fundraise

(Alliance News) - Shares in Eco Atlantic Oil & Gas Ltd dropped on Wednesday after the company said it raised GBP19.5 million in a discounted equity fundraise.

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6 Apr 2022 11:31

AIM WINNERS & LOSERS: Sosandar in fashion after positive outlook

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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5 Apr 2022 20:45

TRADING UPDATES: Rambler ups production; SRT Marine anticipates loss

(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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28 Mar 2022 11:15

Eco Atlantic gets final clearance for Azinam acquisition

(Sharecast News) - Eco Atlantic Oil & Gas announced on Monday that it has been given final approval for the Azinam acquisition by the TSX Venture Exchange in Toronto.

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TRADING UPDATES: Kavango eyes acquisition; PYX ups zicron price

(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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