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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: 15.35
Bid: 15.20
Ask: 15.50
Change: 0.80 (5.52%)
Spread: 0.30 (1.974%)
Open: 14.60
High: 15.30
Low: 15.30
Prev. Close: 14.50
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TRADING UPDATES: RentGuarantor loss widens, Journeo revenue soars

Tue, 01st Aug 2023 14:36

(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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RentGuarantor Holdings PLC - London-based rent guarantee service provider - Revenue in the first half of 2023 increases 79% GBP304,965 from GBP170,492 the prior year. Pretax loss widens to GBP408,470 from GBP352,919, and loss per share to 3.53 pence from 3.13p. Says wider losses due to continued investment in technology, people and marketing. Says results are "supportive of our strategy" and that it presents a "significant" long-term opportunity.

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Journeo PLC - Ashby de la Zouch, England-based - Pretax profit increases to GBP1.7 million in the first half of 2023. Group revenue more than doubles to GBP21.8 million from GBP8.9 million, including GBP9.3 million contribution from IGL Ltd (Infotec), acquired in January. Core business revenue up 41% to GBP12.5 million from GBP8.9 million, and sales of lower margin products were higher than expected. Expects GBP41 million revenue for the full year, "significantly ahead of current market expectations". Expects GBP42 million revenue next year and is targeting GBP50 million in 2025.

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International Personal Finance PLC - Leeds, England-based home and digital consumer credit provider - Pretax profit up 12% in first half of 2023 to GBP37.8 million from GBP33.8 million in 2022, ahead of expectations. Revenue up 28% to GBP380.0 million from GBP297.4 million. Declares 3.1p per share interim dividend, up 15% from 2.7p last year. Rollout of credit cards in Poland is "progressing well" with 53,000 cards issued, while its Mexico expansion strategy is on track with just under 800,000 customers. Is confident full-year results will be robust thanks to strong balance sheet, but still intends to maintain strict cost control.

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Ethernity Networks Ltd - Airport City, Israel-based supplier of data-processing semiconductor technology - Still "taking careful steps towards generating positive cash flow from its operations" during financial 2023, including combining business model to focus on licensing and reducing costs. Says there is "significant uncertainty" over its ability to achieve full-year target revenue due to extended sales cycles and delays in existing customer contracts. However, it expects an improved gross margin once licensing sales commence and improved earnings before interest, tax, depreciation and amortisation. Also says it has completed delivery of its system-on-chip devices to an existing fixed wireless customer pursuant to a USD1.5 million purchase order announced in June.

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Eco Atlantic Oil & Gas Ltd - Toronto-based oil and gas company with projects in Namibia, Guyana and South Africa - Pretax loss for year ended March 31 widens to GBP36.6 million from GBP3.8 million the previous year. Revenue increases to USD66,671 from USD3,556. Still receiving third party interest in its offshore Namibia strategic acreage position, and remains committed to further drilling on the Orinduik block in Guyana.

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Symphony Environmental Technologies PLC - Hertfordshire, England-based developer of technologies to increase sustainability of plastic and rubber products - Says group revenue in first half of 2023 increases to GBP3.6 million from GBP3.0 million last year. Gross profit margin increases to over 42% from 36%. Distribution costs "sharply reduced" to GBP110,000 from GBP225,000 due to lower shipping costs and its new Middle East production facility increasing efficiency. Says it will still make loss but this will be considerably lower than prior year. Expects momentum from this period to help it move back into productivity along with near-term commercialisation of multiple key projects.

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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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11 Jul 2023 10:24

IN BRIEF: Eco Atlantic sells stake in block for up to USD10.5 million

Eco Atlantic Oil & Gas Ltd - oil and gas exploration company focused on offshore Atlantic Margins - Signs legally binding letter of intent under which its subsidiary, Azinam Ltd, will farm out a 6.3% participating interest in block 3B/4B to Africa Oil SA Corp, a subsidiary of Africa Oil Corp, for up to USD10.5 million. The completion of the acquisition is subject to customary conditions, including regulatory approvals from the government of South Africa and from the TSX Venture Exchange in Toronto. Upon completion, Africa Oil SA will hold a 26% interest, Azinam will hold a 20% interest and Ricocure (Propertiary) Ltd will hold the remaining 54%.

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21 Mar 2023 14:48

IN BRIEF: Eco Atlantic Oil & Gas eyes exploration in Orange basin

Eco Atlantic Oil & Gas Ltd - Atlantic Margins-focused oil and gas company - Says it is applying for environmental authorisation to begin exploration activities in Block 3B/4B in the Organe Basin off the Northern Cape of South Africa. It and its joint venture partners have contracted Environmental Impact Management Services Pty Ltd of South Africa to apply for a permit to drill one well and one contingent well - and potentially up to five wells - within an area of interest in the north of the block. EIMS is also appointed to undertake the required environmental impact assessment.

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9 Mar 2023 20:44

TRADING UPDATES: Castillo Copper upgrades mineral resource estimate

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

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28 Feb 2023 21:05

TRADING UPDATES: Eco Atlantic swings to loss; Curtis approves takeover

(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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22 Feb 2023 19:38

IN BRIEF: Eco Atlantic Oil & Gas converts 600,000 units into shares

Eco Atlantic Oil & Gas Ltd - Toronto-based oil and gas exploration company - Converts 600,000 of its restricted share units issued to directors into common shares of no par value in the company on December 28. Says application for admission to trading on AIM has been made. Expects that the admission will become effective, and trading in the shares will start on February 28, 0800 GMT. Says Chief Executive Officer Gil Holzman elected to convert 475,000 restricted share units held by him. Adds that its enlarged issued share capital will consist of 365.7 million common shares.

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23 Dec 2022 18:15

TRADING UPDATES: Fiinu teams with TransUnion; GRC wins pact

(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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29 Nov 2022 21:36

EARNINGS SUMMARY: ActiveOps loss narrows; Puma VCT net assets up

(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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18 Nov 2022 16:58

LONDON MARKET CLOSE: FTSE 100 gains capped by falling oil prices

(Alliance News) - Stock prices in London closed higher on Friday, but falling prices hit oil majors, keeping a lid on the FTSE 100's progress.

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18 Nov 2022 13:22

Eco Atlantic confident despite lack of results from Gazania-1

(Sharecast News) - Oil and gas explorer and developer Eco Atlantic announced on Friday that the Gazania-1 well on block 2B, offshore South Africa, which spudded on 10 October, reached its target depth of 2,360 metres, but did not show evidence of commercial hydrocarbons.

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18 Nov 2022 12:18

LONDON MARKET MIDDAY: Stocks pick up and pound firms against dollar

(Alliance News) - Stocks in London were higher by midday on Friday, managing to shake off a gloomy economic backdrop, while the pound got a boost from market acceptance of Thursday's UK government budget.

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18 Nov 2022 11:16

AIM WINNERS & LOSERS: Parsley Box to exit AIM as shares wilt since IPO

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

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18 Nov 2022 10:17

Eco Atlantic shares fall on hydrocarbon failure at South African well

(Alliance News) - Eco Atlantic Oil & Gas Ltd on Friday said that its Gazania-1 well had reached its target depth of 2,360 metres but did not show evidence of commercial hydrocarbons.

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4 Oct 2022 14:28

IN BRIEF: Eco Atlantic Oil & Gas shares up as well operations start

Eco Atlantic Oil & Gas Ltd - Toronto-based oil and gas exploration company - Starts operations on the Gazania-1 well in offshore South Africa. Says the Gazania-1 exploration well is being drilled to a depth of approximately 2,800 meters through a multizone pay section. The Gazania-1 prospect is targeting over 300 million barrels of light oil.

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4 Oct 2022 13:55

Eco Atlantic starts drilling Gazania exploration well

(Sharecast News) - Oil and gas explorer Eco Atlantic announced the arrival of the 'Island Innovator' semi-submersible drilling rig on Block 2B on Tuesday, and the start of operations on the Gazania-1 exploration well.

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21 Sep 2022 15:57

DIRECTOR DEALINGS: Eco Atlantic shares sold in fraud against chair

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Wednesday and not separately reported by Alliance News:

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