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Pin to quick picksEmpyrean Share News (EME)

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Share Price: 0.371
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Change: -0.029 (-7.25%)
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UK TRADING UPDATE SUMMARY: Softcat Cancels Interim Dividend Payout

Tue, 31st Mar 2020 18:31

(Alliance News) - The following is a round-up of updates by UK companies on the impact of the Covid-19 pandemic, issued on Tuesday and not separately reported by Alliance News:

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Softcat PLC - infrastructure services - cancels interim dividend of 5.4 pence per share in order to protect cash position.

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Castings PLC - iron castings and machining - Unable to predict impact on business for 2021 financial year. Experienced lower output levels in third quarter of year ended March 31. Expected increased demand in final quarter, but outbreak affecting truck sector significantly. Reduced production levels to meet lower demand.

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Mkango Resources Ltd - rare earth minerals - Remains focused on feasibility study for Songwe Hill rare earths project in Malawi, but now expects completion of study in second half of 2021.

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Leeds Group PLC - fabrics distribution - Activities in Germany severely affected by country wide lockdown. Expects to report substantial loss for year ending May 31.

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Ingenta PLC - software and services - Postpones publication of 2019 results, expects to report revenue of GBP10.9 million, and adjusted earnings before interest, taxes, depreciation and amortisation at GBP1.3 million. Revenue for 2018 was GBP12.0 million, while adjusted Ebitda was GBP769,000.

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Phoenix Global Resources PLC - Argentine-focused upstream oil & gas - Reducing its capital expenditure programs and exploring other cost saving methods. Plans to restructure the existing convertible credit facilities agreements with Mercuria Energy Netherlands.

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Horizonte Minerals PLC - nickel exploration - expects to publish 2019 results within 45-day extension period starting from March 31.

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Regional REIT Ltd - property investor - Confirms fourth quarter dividend payment of 2.55 pence per share. Rent collected for first quarter of 2020 lower year-on-year.

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Predator Oil & Gas Holdings PLC - oil & gas - Enhanced oil project in Trinidad remains on-track for revenue growth, with project economics still attractive despite low oil prices. Rig for drilling Guercif proposect in Morocco stored in yard, ready to be used when travel restrictions are lifted. Still plans to issue 2019 accounts by end of April.

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RPS Group PLC - professional services - Annual general meeting to still take place on April 30.

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AfriTin Mining Ltd - tin mining - Uis tin mining suspended due to 21-day Namibia lockdown, but will continue feeding the processing plant from the run-of-mine stockpile during this period.

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Trafalgar Property Group PLC - property development and hydroponics - Continues discussions for sale of three unit development in Ashtead Surrey, ceases move to acquire land at Staplehurst, UK. Will not raise funds to develop hydroponics strategy until it can be completed at suitable price.

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Science Group PLC - science-based consultancy - Trading in first quarter of 2020 in line with expectations, product development business Sagentia a part of UK government's Rapidly Manufactured Ventilator System. Manufacturing contract in negotiation stages. Underlying outlook unpredictable.

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Empyrean Energy PLC - oil & gas - Gaffey Cline & Associates to publish updated Competent Persons Report for Mako gas field in Indonesia despite travel restrictions. Seismic inversion work on block 29/11 offshore China not delayed by outbreak. Drilling of first well still scheduled between December 2020 and May 2021, but subject to revision.

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Aquila European Renewables Income Fund PLC - renewable energy investment - Affirms ability to meet planned 2020 dividend payout, no project development risk for existing investments due to current market conditions.

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Jersey Electricity PLC - Jersey-focused electricity supply - Defers planned 2.5% tariff rise which was to take effect from April 1, leading to estimated cost of GBP1 million for second half of financial year ending September 30. Expects to publish interim results in mid-May.

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PureCircle Ltd - stevia sweetners - Expects to delay publishing of results for six months to end of December. Publishes results for year ended June 30, 2019. Pretax loss widens to USD72.2 million from USD3.4 million, on revenue down by 2.1% to USD124.0 million.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
29 Apr 2019 12:06

Empyrean Energy, Coro Energy Agree Drilling Programme In Indonesia

LONDON (Alliance News) - The partners at Indonesia's Duyung production sharing contract in Indonesia have agreed on a drill programme for 2019, the two London-listed partners said Energy PLC a

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17 Apr 2019 10:35

UPDATE: Coro Energy Completes Payment For 15% Stake In Duyung PSC (ALLISS)

LONDON (Alliance News) - Empyrean Energy PLC on Wednesday said it has received its pro rata share of the funds from Coro Energy PLC as part of Coro's acquisition of a 15% interest in the in in

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16 Apr 2019 09:51

Coro Energy Completes Payment For 15% Stake In Duyung PSC (ALLISS)

LONDON (Alliance News) - South East Asia-focused oil and gas company Coro Energy PLC said on Tuesday it has completed its payment obligations for a 15% working interest in the Duyung production in

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11 Mar 2019 11:01

Indonesia Approves Development Plan For Coro, Empyrean's Mako Field

LONDON (Alliance News) - Indonesia has approved the development plan for the Mako gas field, Empyrean Energy PLC and Coro Energy PLC said on Monday.Mako is located on the Duyung production

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11 Feb 2019 09:56

Coro Energy Makes Second Stake Acquisition In Indonesia (ALLISS)

LONDON (Alliance News) - Coro Energy PLC said Monday it will buy a 15% stake in an Indonesian offshore gas field for USD4.8 million.The company will buy a 15% interest in the Duyung sharing

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21 Jan 2019 14:34

Empyrean Energy's Mako Gas Field Audit In Line With Prior Assessment

LONDON (Alliance News) - Empyrean Energy PLC on Monday said an independent audit of its Mako gas field located offshore Indonesia has confirmed much of the previous technical assessment.The

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1 Oct 2018 11:56

Empyrean Energy Partners With CNOOC To Begin Drilling At Block 29/11

LONDON (Alliance News) - Empyrean Energy PLC on Monday said it signed a petroleum contract with oil company CNOOC Group for block 29/11, located in the Pearl river mouth basin, offshore oil &

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5 Sep 2018 12:38

Empyrean Seeks Independent Audit Of Oil Estimate For 3 Prospects

LONDON (Alliance News) - Empyrean Energy PLC said Wednesday it has engaged consultancy Gaffney Cline & Associates to undertake an audit of oil estimates for Jade, Topaz and Pearl prospects in

Read more
5 Sep 2018 09:42

Empyrean signs on GCA to conduct audit on China prospects

(Sharecast News) - Oil and gas development company Empyrean Energy has engaged Gaffney, Cline & Associates (GCA) - a global oil and gas consulting agency - to complete a third-party independent audit of oil initially in place estimates over the Jade, Topaz and Pearl prospects located in Block 29/11 in the Pearl River Mouth Basin, China, it announced on Wednesday.

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30 Aug 2018 12:33

Empyrean Energy boosted after approval for California natural gas testing

(Sharecast News) - Oil and gas development firm Empyrean Energy saw its shares jump on Thursday after approval to test the potential for over-looked natural gas in the Alvares 1 well in the Sacramento Basin, California.

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29 Aug 2018 16:14

UK Shareholder Meetings Calendar - Next 7 Days

Thursday 30 AugustFIH GroupCreightonsSophos GroupFriday 31 3 4 Investment 5

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13 Aug 2018 12:34

Empyrean Energy Receives Full Tax Refund For 2017 From US IRS

LONDON (Alliance News) - Empyrean Energy PLC said Monday that it received a USD905,805 cash refund from the US Internal Revenue Service.The refund, represents a full refund of tax paid in

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6 Aug 2018 08:10

Empyrean cuts loss but will need further funds in coming year

(Sharecast News) - Empyrean Energy cut its losses last year but in order to progress exploration of its assets, new funding will be required within the next 12 months.

Read more
18 Jun 2018 14:12

Empyrean Energy Completes Oil Migration Study For Offshore China Block

LONDON (Alliance News) - Oil and gas company Empyrean Energy PLC said on Monday it has completed an oil migration study for offshore China Block 29/11, which has established potential pathways the

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23 May 2018 14:57

Empyrean Energy Expects Sacramento Well To Start Producing Shortly

LONDON (Alliance News) - Empyrean Energy PLC said Wednesday it is expecting its well in the Sacramento Basin to start producing gas "very shortly".The Dempsey Gas project - which

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