The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksFidelity Japan Trust Share News (FJV)

Share Price Information for Fidelity Japan Trust (FJV)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 177.00
Bid: 177.00
Ask: 178.50
Change: -0.50 (-0.28%)
Spread: 1.50 (0.847%)
Open: 177.00
High: 177.00
Low: 176.00
Prev. Close: 177.50
FJV Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: Fidelity Japan swings to return, Oqtec loss widens

Tue, 01st Aug 2023 18:20

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

----------

Fidelity Japan Trust PLC - Investment trust focused on Japan - Says net asset value per share rises 5.3% during the six months that ended June 30. Pretax net return swings to GBP1.3 million from a loss of GBP98.9 million a year earlier. Gains on investments swings to GBP4.0 million from a loss of GBP85.7 million, while gains on derivate instruments swings to GBP8.3 million from a loss of GBP13.4 million. Says stock selection in semiconductor-related companies and digital content were the key drivers of returns, while the company remains overweight in the chemical, services and retail sectors and has increased exposure to electric appliances.

----------

OTAQ PLC - Lancaster, England-based marine technology company, focused on offshore oil and gas industries and aquaculture - In the first half of 2023, pretax loss widens to GBP759,000 from GBP594,000 a year earlier, alongside revenue of GBP1.8 million, down from GBP2.7 million. Notes "significant" further orders for shrimp sonar devices which, if achieved in this financial year, will substantially enhance revenue expectations. Believes it is on track for revenue of at least GBP4.0 million across 2023. Chief Executive Officer Phil Newby says: "The board is satisfied with these results which are in line with our budget for the year. The group is now delivering on the strategic goals set for OTAQ to realise its full potential, significantly increase shareholder value and return the group to profitability. I am confident of achieving at least GBP4 million revenue in the current year and we have the potential to substantially exceed this based around the order enquiries we are currently receiving. Shareholders will be updated accordingly with developments."

----------

Vulcan Industries PLC - London-based engineering services firm - In the first quarter ended June 30 of its financial 2024, pretax loss narrows to GBP210,000 from GBP1.4 million a year earlier, largely due to operating expenses falling to GBP215,000 from GBP1.1 million. Revenue multiplies to GBP231,000 from GBP46,000. Says it is in talks with funding partners for Lincoln project, with further projects expected to be brought into the group in "due course".

----------

Falcon Oil & Gas Ltd - oil and gas company focused on Australia, South Africa and Hungary - Announces spudding of Shenandoah South 1H horizontal well in Beetaloo sub-basin in Northern Territory, Australia with joint venture partner Tamboran (B2) Pty Ltd. Says the well, which will include a horizontal section of approximately 1,000 meters and is the first of two horizontal wells to be drilled in 2023, will target the Amungee Member B-shale at an estimated target depth of 3,200 metres. This is around 700 metres deeper than the Amungee NW-2H well in exploration permit 98. Says the deeper reservoir in the SS1H well area of the basin is expected to deliver higher pressures, based on data from the two Santos-operated Tanumbirini wells in exploration permit 161. Falcon says it will participate in the SS1H well at its full participating interest of 22.5% which will, under the terms of the joint operating agreement, create a drilling spacing unit of 20,480 acres. Says it remains fully funded for its share of all costs associated with the drilling and testing of the SS1H well.

----------

Neometals Ltd - London-based sustainable battery materials producer - Successfully completes engineering cost study for the hydrometallurgical refinery section of the Primobius lithium-ion battery recycling facility, processing 21,000 tonnes per year or around 50 tonnes per day. Says the facility refines "Black Mass" produced from Primobius' shredding plant, producing crystalline nickel, cobalt and lithium products for use in making new lithium-ion batteries. Says study capital costs were around EUR274 million, including 15% contingency, with an annual operating cost of around EUR56 million estimated to a plus or minus 25% accuracy. Managing Director Chris Reed says: "Successful completion of the hub ECS enables our current and future customers and partners to quantify the economic benefits of Primobius' sustainable "closed loop" LiB recycling plants...Primobius' primary business model is for the sale of recycling plants under technology licensing agreements to generate a portfolio of battery material royalties. We retain the flexibility to enter into joint ventures where a customer also requires operation and maintenance services and can also provide complete "closed loop" recycling as a service through our current Hilchenbach operation or a new dedicated plant."

----------

By Greg Rosenvinge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
16 May 2014 14:29

Fidelity Japanese NAV Falls In First Three Months

LONDON (Alliance News) - Fidelity Japanese Values PLC Friday said its net asset value decreased by 2.4% in the first three months of 2014, outperforming a 4.1% decrease for the benchmark, the Russell Nomura Mid/Small Cap Index. In a statement, Fidelity Japanese Values, which has an objectiv

Read more
14 May 2014 07:29

UK MORNING BRIEFING: ITV Weighs On FTSE 100 Despite Strong Revenue

LONDON (Alliance News) - Share have opened mixed in London Wednesday, with the FTSE 100 underperforming small- and mid-cap indices, ahead of UK economic data and announcements by the Bank of England.

The blue-chip index is being weighed down by broadcaster ITV, whos

Read more
13 Nov 2013 18:48

Fidelity Japanese Values NAV Increases In Quarter

Read more
7 Oct 2013 15:45

STOCKS NEWS EUROPE-UK small caps close down 0.3 pct

The FTSE Small Caps Index closes down by 0.3 percent while the FTSE AIM All Share Index ends 0.2 percent lower, broadly matching the decline in the blue-chip index. Fusionex rises 6.3 percent after the software and data services company issues an upbeat trading update that prompts brokerage

Read more
14 Aug 2013 16:49

Four Babcock directors build stakes after exercising options

Four members of Babcock's board of directors exercised share awards in the engineering support services firm over the past few days, building their stakes following a strong rise in the share price so far this year. Babcock has performed relatively well in 2013 despite the ongoing wider market vola

Read more
2 Jan 2013 09:57

Director of Fidelity Japanese Values steps down

Nicholas Barber has retired as Director of Fidelity Japanese Values, the investment trust company announced Wednesday. He hangs up his hat after 12 years with the firm and seven years as Senior Independent Director. A new director is yet to be appointed but the board is currently exploring a succ

Read more
19 Nov 2010 16:45

Paddy Power non-exec sells stake

Paddy Power non-executive director Brody Sweeney has sold all his shares in the Irish bookie. He sold 5,550 shares at €28.845 (3,403.71p) each, raising just over £135,000. The sale follows the company's trading statement earlier this week. Sweeney is the founder of O'Brien's Irish Sandwich Bars

Read more
2 Aug 2010 16:06

Fidelity Japanese Values NAV 59.9P At June 30

LONDON (Dow Jones)--Fidelity Japanese Values PLC (FJV.LN) said Monday that at June 30, the undiluted ordinary NAV per share was 59.93 pence, compared with 55.56 pence at Dec. 31, 2009. MAIN FACTS: -Diluted NAV 59.12 pence at June 30 compared with 55.47 pence at Dec. 31, 2009. -June 30 To

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.