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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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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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12 Aug 2022 11:19

AIM WINNERS & LOSERS: Jadestone down on guidance cut; Ascent gets paid

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

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12 Aug 2022 10:57

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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21 Mar 2022 19:11

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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