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Pin to quick picksEmmerson Share News (EML)

Share Price Information for Emmerson (EML)

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UK EARNINGS SUMMARY: InfraStrata Targets Breakeven At Titanic Shipyard

Fri, 01st May 2020 11:18

(Alliance News) - The following is a round-up of quarterly, interim or full-year reports by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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InfraStrata PLC - natural gas storage and infrastructure - Pretax loss in six months to January 31 widens to GBP2.9 million from GBP394,627 amid sharp rise in management and administrative expenses to GBP2.8 million. Generates revenue of GBP515,230, versus none last year. Targets break-even at Harland & Wolff Belfast shipyard inside next 12 months.

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Flowtech Fluidpower PLC - fluid power components and services - Revenue in 2019 edges 0.3% higher to GBP112.4 million from GBP112.1 million, but pretax profit falls by 32% to GBP4.7 million from GBP6.9 million. Reports GBP1.7 million in depreciation of right-of-use assets, while administrative expenses rise 12% to GBP26.2 million. Decides against final dividend, means full-year payout down 65% to 2.13 pence per share from 6.07p.

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Block Energy PLC - exploration and production - Posts a widened pretax loss in 18 months to December 31. Previously changed its year-end date from June 30. Loss totalled USD6.1 million versus USD2.0 million. Generated revenue of USD314,000 versus USD179,000.

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Aminex PLC - oil & gas producer - Pretax loss in 2019 narrowed to USD15.2 million from USD48.5 million. Reported exploration impairments of USD10.9 million, down 75%. Revenue fell 42% to USD357,000 from USD617,000.

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Emmerson PLC - potash developer - Pretax loss in 2019 narrowed to GBP1.1 million from GBP1.8 million, amid absence of GBP698,000 in reverse acquisition expenses. Has moved to cut down on expenditure amid Covid-19.

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Taseko Mines Ltd - copper producer - Says revenue in three months to March 31 down 12% year-on-year to CAD62.1 million, about GBP35.2 million. Copper production up 30% to 32.4 million pounds from 24.9 million pounds.

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Panther Metals PLC - minerals explorer - Pretax loss in 2019 widened to GBP749,948 from GBP519,134 due to initial public offering costs of GBP305,134. Says outlook positive amid promising gold market.

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Shefa Gems Ltd - exploration and development - Swings to loss of NIS7.9 million, about GBP1.8 million, from NIS6.0 million. Aiming to continue mine planning procedures with the Israeli Lands Authority.

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Africa Opportunity Fund Ltd - investor - Net asset value per share at December 31 year-end down 4.9% to USD0.638 from USD0.671. Says performance lagged that of the Lusaka Stock Exchange in 2019.

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Marwyn Value Investors Ltd - investor - Reports share price total return of negative 17% compared to FTSE All-Share which gained 19%. Net assets down 29% to GBP105.0 million from GBP147.1 million.

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Papillon Holdings PLC - investment vehicle - Pretax loss in 2019 widens to GBP582,000 from GBP397,000. Administrative expenses up 20% to GBP443,000. Says acquisition of 50% stake in Pace Cloud Ltd progressing well.

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Golden Rock Global PLC - investment vehicle - Pretax loss in 2019 stretched to GBP393,871 from GBP227,983. Professional fees more than doubled to GBP272,308 during year where it came close to sealing acquisition before target company pulled out.

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New Century AIM VCT2 PLC - venture capital trust - 2019 NAV per share inches 2.4% higher to 49.53p from 48.38p, but axes dividend after 3.40p payout in 2018. Says UK general election result boosted certainty but notes volatility from Covid-19.

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Conygar Investment Co PLC - investor - Net asset value per share down 0.2% to 177.8 pence in six months to March 31 from 178.2p in September. NAV hurt by GBP1.3 million writedown at Cross Hands retail park in Carmarthenshire, Wales, due to Covid-19.

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Pires Investments PLC - investor - Net asset value in year ended October 31 climbs sharply to GBP2.6 million from GBP949,617 in year before. Pretax profit more than doubles to GBP865,510 from GBP322,069.

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Cardiff Property PLC - property investor - Ups dividend for six months to March 31 by 4.3% to 4.8 pence per share from 4.6p and NAV per share up 5.4% to 23.03p from 21.84p. Reports property market has uncertain picture due to Covid-19 but says Thames Valley area it operates in has been historically resilient.

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Weiss Korea Opportunity Fund Ltd - real estate investment - NAV per share rises 3.7% in 2019 to GBP1.5559 from GBP1.4993. Raises annual dividend by 21% to 4.1195p per share from 3.4155p. Noted that it outperformed the MSCI South Korea Index in 2019.

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Sigma Capital Group PLC - residential development - Revenue in 2019 rises 11% to GBP13.9 million from GBP12.5 million, with pretax profit climbing 17% to GBP13.0 million from GBP12.2 million. Holds total payout at 2.0p per share. Says Covid-19 impact difficult to predict. Will change year-end date to September 30 to better reflect season trading patterns.

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Highcroft Investments PLC - property investor - Net asset value per share falls 2.7% in 2019 to 1,175p from 1,205p. Slices final dividend by 20% to 27p per share from 33.75p, total payout down 8.6% to 48p from 52.50p. Net property income up 16% to GBP5.7 million and 12% rise in property valuation to GBP86.7 million from GBP77.7 million.

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Hemogenyx Pharmaceuticals PLC - cancer therapies - Pretax loss narrows to GBP1.5 million in 2019 from GBP1.6 million. Administrative expenses down 2.5% to GBP1.6 million and company reports other income of GBP213,126, more than double the amount from 2018.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
8 Apr 2024 18:44

UPDATE: Emmerson raises GBP240,000 in oversubscribed retail offer

(Alliance News) - Emmerson PLC late Monday said it raised GBP240,000 from a "significantly oversubscribed" retail offer.

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8 Apr 2024 12:46

Emmerson down on discounted fundraise as resubmits Khemisset EIA

(Alliance News) - Emmerson PLC shares sank on Monday, as the company said it would be submitting amended environmental approval applications for its Moroccan potash project and announced a discounted fundraise.

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11 Mar 2024 10:35

Emmerson says Morocco government committee supports potash project

(Alliance News) - Emmerson PLC on Monday said a government committee in Morocco has upheld a referral of approval for the Khemisset potash project, which is fully owned by Emmerson.

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EARNINGS AND TRADING: Tandem FY sales down 17%; Hikma's opioid deal

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8 Jan 2024 09:53

Emmerson shares down as wait continues for environmental approval

(Alliance News) - Emmerson PLC on Monday said it is still waiting to obtain environmental approval for its Khemisset potash project in Morocco, where "important process optimisation work" is under review.

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26 Sep 2023 14:30

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(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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11 Sep 2023 13:58

IN BRIEF: Emmerson Khemisset project unaffected by Marrakesh quake

Emmerson PLC - Morocco-focused potash development company - In response to the recent 6.8 magnitude earthquake which struck late on Friday in Marrakesh and killed more than 2,500 people, says Khemisset project and support offices are located "some distance" from earthquake zone and therefore not directly impacted. Says all employees are safe and unaffected. Adds it "expresses its deepest condolences and will support the Moroccan authorities in any way it can."

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6 Jul 2023 10:36

AIM WINNERS & LOSERS: i(x) Net Zero surges as BP invests in WasteFuel

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

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6 Jul 2023 10:28

Emmerson shares tumble as still seeks Morocco potash project approval

(Alliance News) - Emmerson PLC on Thursday said it will continue to seek environmental approval for the Khemisset project in Morocco, after it was referred from regional level to the national Commission Ministerielle de Pilotage.

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24 May 2023 15:46

UK shareholder meetings calendar - next 7 days

Thursday 25 May 
Alliance Pharma PLCAGM
Biome Technologies PLCAGM
Capital & Regional PLCAGM
Destiny Pharma PLCAGM
Ferrexpo PLCAGM
Fevertree Drinks PLCAGM
Headlam Group PLCAGM
Henry Boot PLCAGM
Hill & Smith PLCAGM
LBG Media PLCAGM
Life Science REIT PLCAGM
LSL Property Services PLCAGM
NAHL Group PLCAGM
Petrofac LtdAGM
Pharos Energy PLCAGM
Prudential PLCAGM
Regional REIT LtdAGM
Resolute Mining LtdAGM
RM PLCAGM
S&U PLCAGM
Sabre Insurance Group PLCAGM
Schroder Asian Total Return Investment Co PLCAGM
TBC Bank Group PLCAGM
Vanquis Banking Group PLCAGM
Zinc Media Group PLCAGM
Friday 26 May 
AG Barr PLCAGM
Argos Resources LtdGM re disposal and cancellation
Bank of Cyprus Holdings PLCAGM
Fox Marble Holdings PLCGM re admission on AIM and acquisition of Eco Buildings Group Ltd
Glencore PLCAGM
Itsarm PLCGM re delisting from AIM
Keywords Studios PLCAGM
Let's Explore Group PLCGM re proposed tender offer to purchase shares
NFT Investments PLCGM re shares purchase
Non-Standard Finance PLCAGM
Old Mutual LtdAGM
Solgenics LtdGM re cancellation from admission to trading on AIM
ThomasLloyd Energy Impact Trust PLCAGM
Unbound Group PLCAGM
XLMedia PLCAGM
Monday 29 May 
no events scheduled 
Tuesday 30 May 
Alba Mineral Resources PLCAGM
Aseana Properties LtdAGM
Aseana Properties LtdGM re discontinuation resolution
BioPharma Credit PLCAGM
Gresham House Energy Storage Fund PLCAGM
Integrated Diagnostics Holdings PLCAGM
Maintel Holdings PLCAGM
Malvern International PLCAGM
Manx Financial Group PLCAGM
Sportech PLCAGM
Superdry PLCGM re disposal of some IP assets
Watchstone Group PLCAGM
Wednesday 31 May 
Advanced Medical Solutions Group PLCAGM
Aferian PLCAGM
Bakkavor Group PLCAGM
CleanTech Lithium PLCAGM
Dianomi PLCAGM
DigitalBox PLCAGM
Emmerson PLCAGM
International Public Partnerships LtdAGM
Predator Oil & Gas Holdings PLCAGM
Rotala PLCAGM
Thungela Resources LtdAGM
TruSpine Technologies PLCGM re director appointment and removal
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
13 Apr 2023 15:03

IN BRIEF: Emmerson widens loss; Khemisset project closer to approval

Emmerson PLC - Morocco-focused potash development company - Pretax loss widens to USD3.2 million in 2022 from USD2.8 million in 2021. Says all the company's activities during 2022 were focused on bringing the Khemisset potash project in Morocco into production as quickly as possible. Notes several hurdles, including the finalisation of basic engineering and design work, obtaining environmental approvals, the raising of finance, working with potential offtake partners, and putting together the necessary teams to execute construction. "Obtaining the environmental approval is clearly on the critical path for the company, and it would be impossible to deny that it has already taken longer than had been hoped, or expected," the company says. However, Chief Executive Graham Clarke says the project is now closer to obtaining environment approval.

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13 Apr 2023 14:27

Emmerson inches closer to building Morocco potash project

(Sharecast News) - Morocco-focussed potash developer Emmerson reported significant progress towards the construction of the Khemisset project in its 2022 results on Thursday.

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14 Feb 2023 11:52

IN BRIEF: Emmerson shares up as puts together lending syndicate

Emmerson PLC - developer of the Khemisset potash mine in Morocco - Appoints a syndicate of "leading international and Moroccan banks" as initial mandated lead arrangers to co-ordinate and fund dual-tranche debt financing facilities for the development of its Khemisset Potash project in Morocco. The four MLAs selected are ING Bank Group, Banque Centrale Populaire, Bank of Africa and a further unnamed "international European Bank."

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9 Jan 2023 13:01

Emmerson confident in progress at potash project

(Sharecast News) - Morocco-focussed potash developer Emmerson updated the market on progress in the fourth quarter of 2022 on Monday, reporting that discussions with authorities on its environmental permit had moved "closer towards approval".

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