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Pin to quick picksEnwell Energy Share News (ENW)

Share Price Information for Enwell Energy (ENW)

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Share Price: 19.575
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Change: 0.55 (2.89%)
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UK EARNINGS SUMMARY: Novacyt Profit Leaps On Covid-19 Test Kit Demand

Thu, 17th Sep 2020 15:39

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

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Novacyt SA - Surrey-based biotechnology company making Covid-19 test kits - Revenue for six months to June 30 rockets to EUR72.4 million from EUR7.2 million, with Primerdesign revenue multiplying to EUR70.6 million from EUR3.3 million due to the success of the Covid-19 product portfolio. Margins increase to 83% from 63%. Swings to pretax profit of EUR46.1 million from a EUR1.2 million loss due to revenue surge. First half earnings before interest, tax, depreciation and amortisation surge to EUR49.4 million from EUR153,000. Revenue for the second half to be greater than the first half of the year and margins to be at least at a similar level. Full year revenue expected to exceed EUR150 million and Ebitda to exceed EUR100 million. Cash at June 30 of EUR19.7 million after paying down all long-term debt and significant working capital investment made into stock to ensure the continuity of supply to meet the demand for Covid-19 tests. Shares up 5.0% at 388.50 pence.

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ThinkSmart Ltd - Australian digital payments platform business - Pretax profit for year ended June 30 multiplies to GBP53.1 million from GBP524,000, driven by GBP53.7 million fair value gain on revaluation of the retained shareholding in Clearpay Finance Ltd. Revenue falls year-on-year to GBP6.1 million from GBP7.2 million. Continues to manage the wind down of legacy business. Cash and cash equivalents of GBP8.8 million at June 30. Shares up 17% at 44.00 pence.

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Supermarket Income REIT PLC - UK-focused supermarket income trust - To raise GBP150 million by way of a placing and subscription of shares at 104 pence each, a 6.3% discount to Wednesday's closing stock price of 111p. Current stock price 109.00p, down 1.8%. Proceeds to fund investment opportunities which are currently in excess of GBP400 million. EPRA net asset value per share for the 12 months to June 30 rises 4% to 101p. Passing rent up 49% at GBP28.7 million. 100% of all rents collected in full. Annual dividend up 3.8% at 5.8p. Increases dividend target for financial 2021 to 5.86p.

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Aberdeen Smaller Companies Income Trust PLC - investment trust focused on smaller UK companies - Net asset value total return for six months to June 30 minus 16.9% versus minus 25.0% return from Numis Small Companies excluding Investment Trust index. Net asset value per share 306.14p at June 30, down 18% from 373.86p at December 31. Attributes negative return to Covid-19 pandemic. Stock down 0.8% at 262.00 pence.

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DX Group PLC - Slough-based courier and logistics services - Revenue for year ended June 27 rises 2.1% to GBP329.3 million from GBP322.5 million. Pretax loss narrows to GBP1.3 million from GBP1.7 million. Revenue fell by a third immediately post-lockdown, but volumes steadily recovered from April and are now above levels anticipated pre-lockdown. Trading in the first months of financial 2020 ahead of the same period last year. Healthy pipeline of new business opportunities. Sees opportunity to increase volumes and further expand margins. Net cash of GBP12.3 million at June 27, better than expected. Shares down 11% at 17.15 pence.

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Destiny Pharma PLC - Brighton-based biotechnology company - Pretax loss for the six months to June 30 widens year-on-year to GBP2.9 million from GBP2.4 million. No revenue generated as the company is still in clinical stage of developing products. Research and development costs rise to GBP2.3 million from GBP1.7 million. Funded through fourth-quarter of 2021. Strong cash position with cash and term deposits of GBP5.6 million at June 30. Stock up 3.5% at 60.00 pence.

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GCP Student Living PLC - UK-focused student accommodation provider - EPRA net asset value per share for year to June 30 171.78 pence, up from 165.52p a year ago. Property portfolio value rises to GBP1.00 billion from GBP921.6 million. Student rental growth 4.4% versus 3.5%. Rental income rises year-on-year to GBP47.8 million from GBP44.4 million. Chair Robert Peto to retire at 2020 annual general meeting. Annual dividend unchanged at 6.15p. Shares up 2.2% at 139.00p.

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Enwell Energy PLC - Ukraine-focused oil and gas explorer - Revenue for six months to June 30 falls 21% year-on-year to USD24.7 million as a result of weakened gas prices in the period. Pretax profit falls 80% to USD2.6 million from USD13.3 million. Average daily production from the MEX-GOL, SV and VAS fields of 4,545 barrels of oil equivalent per day, down 8% from 4,192 barrels. Cash and cash equivalents of USD54.2 million at June 30 and USD55.5 million at September 13. Shares down 2.5% at 15.13 pence.

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Gresham House PLC - London-based asset manager - Assets under management rises 17% in the six months to June 30 to GBP3.26 billion from GBP2.80 billion at December 31, helped by 10% organic growth. Core income up 33% to GBP17.8 million. Pretax loss widens year-on-year to GBP1.6 million from GBP801,000. Well placed for the second half of 2020 and beyond. Strong balance sheet with cash and liquid assets at GBP45.1 million and zero debt. Shares up 5.0% at 724.80 pence.

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Regional REIT Ltd - UK-focused real estate investment trust - EPRA net asset value per share falls to 102.6 pence at June 30 from 112.7p at December 31. Resilient rental and property income in six months to June-end of GBP29.4 million versus GBP29.9 million. Rent collection strong with 97.6% of the rent invoiced for the period to June 30 being collected as at September 11. EPRA occupancy rate stable at 89.0%. Cuts first half dividend to 3.4p from 3.8p. Targeting an expected full year dividend of 6.4p. Cash and cash equivalent GBP67.9 million. Shares up 2.8% at 68.89p.

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Zephyr Energy PLC - technology-led oil and gas exploration company focused on US - Swings to a pretax profit of USD906,000 for the six months to June 30 from USD826,000 loss due to foreign exchange gains of USD1.6 million versus USD126,000 loss. No revenue generated in either financial periods. Administrative costs fall year-on-year to USD613,000 from USD806,000. Shares down 2.6% at 0.76 pence.

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Wilmington PLC - London-based data and information services company - Results for 12 months to June 30 at the top end of range previously provided for both revenue and profit. Revenue for the year down 8% to GBP113.1 million, hurt by no face-to-face events or training in final quarter. Pretax profit down 56% at GBP6.4 million due to Covid-19 impact and absence of disposal gains. Net debt improves to GBP27.7 million at June 30 from GBP33.9 million a year ago. Dividend suspended but remains committed to a resumption of dividends as soon as the trading environment normalises. Profitable in the first two months of financial 2021. Shares down 0.4% at 130.00 pence.

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Velocys PLC - Oxford, England-based fuels technology company - Revenue multiplies to GBP180,000 for six months ended June 30 from GBP22,000 a year ago. Pretax loss narrows to GBP2.7 million from GBP4.7 million. Sees significant uplift in demand for sustainable fuels. Cash at period end of GBP816,000 versus GBP4.8 million at December 31. Shares up 2.8% at 6.80p.

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SolGold PLC - Australian gold and copper mining company - Pretax loss for the year to June 30 narrows year-on-year to USD13.0 million from USD32.7 million due to a sharp drop in share based payment expenses to USD1.2 million from USD23.9 million. No revenue generated in either financial period. Administrative expenses rise to USD12.4 million from USD9.2 million. Shares down 1.5% at 26.99 pence.

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DP Aircraft I Ltd - Guernsey-based aircraft leasing company - Net asset value per share plummets to USD0.6502 for the six months to June 30 from USD1.0304 at December 31. Lease rental income for the first half falls to USD24.4 million from USD28.6 million. Swings to pretax loss of USD72 million from USD11.7 million. Books USD71.2 million impairment against aircraft assets and USD15.7 million against the lease premium, in light of Covid-19 pandemic. Prioritising the preservation of long-term financial stability. Available cash projected at the end of September of USD3 million. Stock up 0.1% at USD0.090.

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By Tapan Panchal; tapanpanchal@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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19 Apr 2024 12:34

Enwell Energy says quarterly production hurt by war in Ukraine

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Read more
8 Mar 2024 10:45

IN BRIEF: Enwell Energy says Ukraine CFO Oleksiy Zayets is interim CEO

Enwell Energy PLC - Ukraine-focused oil and gas exploration and production company - Says that Chris Hopkinson has stepped down as non-executive chair with immediate effect, while Sergei Glazunov has stepped down as chief executive officer and as director of the company. Enwell didn't provide an explanation as to why. Also with immediate effect, Charles Valceschini has been appointed as non-executive chair and Igor Basai has been appointed as a non-executive director.

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17 Jan 2024 17:25

IN BRIEF: Enwell Energy gas and condensate production drops in 2023

Enwell Energy PLC - Ukraine-focused oil and gas exploration and production company - Reports full-year gas production of 11.2 million cubic feet per day in 2023, down from 12.8 MMcf/d in 2022. Condensate production was 386,000 barrels per day, down from 463,000 barrels in 2022. Liquefied Petroleum Gas production reached 379 barrels per day, up from 318 barrels and Aggregate barrels of oil equivalent per day declined to 2,644 in 2023 from 2,956 boepd the year prior. Explains cash resources at December 31 were around USD77.0 million, comprised of USD56.3 million equivalent in Ukrainian Hryvnia and the balance of USD20.7 million equivalent in a combination of USD, GBP and EUR.

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29 Dec 2023 09:54

Enwell Energy interim profit and revenue drop due to lower gas prices

(Alliance News) - Enwell Energy PLC on Friday said half-year profit and revenue plunged due to challenges arising from the war in Ukraine, but its shares were restored to trading on AIM after publishing its 2022 annual results last week.

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27 Dec 2023 13:48

Enwell Energy releases 2022 results as war brings "extreme challenges"

(Alliance News) - Enwell Energy PLC on Thursday said its profit and revenue rose in 2022, but that geopolitical factors make future planning "extremely difficult".

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10 Oct 2023 15:10

Enwell Energy average gas, condensate and aggregate production falls

(Alliance News) - Enwell Energy PLC on Tuesday reported a lower output in the production of gas, condensate and aggregate in the third quarter of 2023.

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5 May 2023 21:11

IN BRIEF: Enwell Energy has two licences suspended in Ukraine

Enwell Energy PLC - Ukraine-focused oil and gas exploration and production company - On Thursday, says that the State Geologic & Subsoil Survey of Ukraine has suspended its Vasyschevskoye production licence and Svystunivsko-Chervonolutskyi exploration licence in Ukraine. Consequently, field operations end on the Vasyschevskoye licence. Notes this contributes around 12% of its production. Field activities on the Svystunivsko-Chervonolutskyi licence were already and will remain suspended, it adds. Enwell says it will consult with its legal advisers regarding the suspension in order to protect its assets.

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28 Apr 2023 21:40

IN BRIEF: Enwell Energy production down due to natural field decline

Enwell Energy PLC - London-based oil and gas exploration and production company, with several gas and condensate operations in Ukraine - In the first quarter of 2023, total aggregate production is 2,787 barrels of oil equivalent per day, down from 3,164 boepd a year earlier. Gas production is 11.6 million cubic feet per day, down from 13.8MMcf/d. Condensate production is down to 413 barrels per day from 511 bbl/d. Liquefied petroleum gas is up to 434 bbl/d from 286 bb/d. Says production volumes were lower due to natural field decline, with the exception of LPG recoveries, which improved significantly following the completion of upgrade works to the gas processing facilities at the MEX-GOL and SV fields in mid-2022. Also says: "The ongoing war in Ukraine continues to cause disruption to operations at the company's fields, where issues with the supply of equipment and fuel and interruptions to the supply of electricity are affecting field activity."

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12 Apr 2023 18:20

TRADING UPDATES: Enwell Energy offices searched, Trinity confirms fire

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3 Mar 2023 13:47

Enwell Energy field licence ruled valid by Supreme Court of Ukraine

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