The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGenel Energy Share News (GENL)

Share Price Information for Genel Energy (GENL)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 94.20
Bid: 93.60
Ask: 94.70
Change: 2.10 (2.28%)
Spread: 1.10 (1.175%)
Open: 91.00
High: 94.60
Low: 91.00
Prev. Close: 92.10
GENL Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK TRADING UPDATE SUMMARY: Caffyns To Reopen Showrooms As Curbs Ease

Wed, 27th May 2020 13:10

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

----------

Caffyns PLC - motor dealer - Has restarted aftersales operations and showrooms will reopen on June 1 after UK government eased lockdown measures. Made cost savings, furloughed 80% of employees in April and implemented annual salary ceiling of GBP37,5000 for all employees, including chair and executive directors.

----------

Walker Greenbank PLC - furnishings - Phased restart to manufacturing in UK factories which were previously closed due to Covid-19 lockdowns. Furloughed staff also returning.

----------

Avation PLC - aircraft leasing - Says formal sales process terminated as not likely to deliver result which reflects company's "long-term value". Adds Covid-19 has continued to disrupt business activities.

----------

Cambridge Cognition Holdings PLC - neuroscience technology - Won several new contracts with pharmaceutical clients to deliver virtual clinical trials. Notes that movement curbs as a result of Covid-19 has hurt patient recruitment for trials forcing some to turn to remote trialling. Cambridge Cognition says contracts worth GBP1 million.

----------

Nuformix PLC - pharmaceutical development - Says GBP1.3 million equity fundraise from last year and low operating costs make it "well-placed" to cope with Covid-19 hurt. Notes it may miss out of a GBP2.5 million payment from Chinese partner Newsummit Biopharma, which has fallen out with its own parent company. Teams with New York-listed VistaGen Therapeutics to develop crystalline versions of the latter's central nervous system medication candidates.

----------

Vectura Group PLC - inhaler maker - Backs expectations and financial guidance after making "positive start to trading in 2020". To execute second GBP10 million trance of GBP20 million buyback. Hails "strong balance sheet", with undrawn GBP50 million revolving credit facility leaving "resilient" in the face of Covid-19 risks.

----------

FireAngel Safety Technology Group PLC - fire safety products - Reports revenue for April was "some way" ahead of revised expectations and revenue May on track for the same. Expects "quick rebound" in demand as construction sector ups tools again following lockdown. Continues cost-cutting, including furloughing employees and extended executive director pay reduction for a further two months.

----------

Christie Group PLC - financial and stock & inventory services - Accepts UK Coronavirus business interruption loan scheme financing of GBP6 million. Says Executive Director Chris Day delays retirement and will now step down no later than September 30.

----------

Vitec Group PLC - photography and video products - Says customer demand still impacted by pandemic but recovering in China after initial hit. Says revenue for the first quarter was down 20% year-on-year with revenue in April alone down 60% annually but notes signs of improvement in May.

----------

ECSC Group PLC - cyber security services - Launches Nebula cyber security breach detection service. ECSC says Covid-19 has caused a reduction in consulting bookings, with some clients also delaying projects. Says no reduction in managed services recurring revenue.

----------

Centaur Media PLC - events and marketing - Reports "strong demand" in its online learning courses but notes sharp fall in revenue in telesales business. Still planning to run The Festival of Marketing, The Lawyer Awards and The Lawyer General Counsel Summit events in the second half of the year but notes these could be affected by social distancing requirements.

----------

Blencowe Resources PLC - mining - Mobilising drill teams to northern Uganda site as travel restrictions ease. Reviewed geophysical survey at the Orom-Cross graphite project and has a identified new "high-grade zone".

----------

Ironveld PLC - vanadium developer - Says USD3.2 million financing from Inclusive Investment Group delayed by lockdown restrictions in South Africa. IIG's subscription option for 440.2 million shares for 0.42 pence each expires on June 17 but Ironveld says it is in talks to extend deadline.

----------

Genel Energy PLC - oil producer - Says gross production at the Tawke licence in the Kurdistan region of Iraq is expected to average 100,000 barrels of oil per day in 2020. Says second quarter output down 13% quarter-on-quarter to 100,000 bopd from 115,210 bopd.

----------

Merian Chrysalis Investment Co Ltd - investment company - Net asset value per share at March 31 down 4.1% to 108.65p from 113.3p reported at the end of September. Says digitally-enabled companies have seen less of a trading hit due to Covid-19, and Merian notes fall in equity markets in period to March but "strong rebound" since.

----------

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
16 Jan 2020 13:07

Genel Energy celebrates 'successful year'

(Sharecast News) - Exploration and production outfit Genel Energy boasted of a "successful year" on Thursday ahead of its full-year financial results in March.

Read more
16 Jan 2020 11:05

Genel Energy Looking Forward To 2020 After Solid Year Of Production

Genel Energy Looking Forward To 2020 After Solid Year Of Production

Read more
14 Jan 2020 09:01

New Wells At Genel Energy's Tawke Licence Help Drive Up Production

New Wells At Genel Energy's Tawke Licence Help Drive Up Production

Read more
10 Jan 2020 09:46

UK BROKER RATINGS SUMMARY: Lloyds, National Grid And Barratt Cut

UK BROKER RATINGS SUMMARY: Lloyds, National Grid And Barratt Cut

Read more
9 Jan 2020 16:10

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
8 Jan 2020 19:44

RBC slashes target price for Genel Energy on Mideast tensions

(Sharecast News) - RBC Capital slashed its target price shares of Kurdistan-focused Genel Energy on the back of the heightened geopolitical tensions in the Middle East.

Read more
8 Jan 2020 13:12

Wednesday broker round-up

(Sharecast News) - Elementis: Jefferies downgrades to hold with a target price of 190p.

Read more
8 Jan 2020 09:35

Genel Energy Secures Delayed Payment From Kurdistan Government

Genel Energy Secures Delayed Payment From Kurdistan Government

Read more
8 Jan 2020 09:31

UK BROKER RATINGS SUMMARY: Kepler Cheuvreux Downgrades Aston Martin

UK BROKER RATINGS SUMMARY: Kepler Cheuvreux Downgrades Aston Martin

Read more
6 Jan 2020 11:33

Genel Energy Says Testing Of TT-34 Well In Iraq Nearing Completion

Genel Energy Says Testing Of TT-34 Well In Iraq Nearing Completion

Read more
6 Jan 2020 10:07

Genel Energy nears completion on TT-34 well at Taq Taq

(Sharecast News) - Genel Energy updated the market on activity at the Taq Taq field on Monday, where it has a 44% working interest, as testing of the TT-34 well neared completion.

Read more
2 Jan 2020 15:57

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

Read more
12 Dec 2019 10:50

Genel and Gulf Keystone face late payments from Kurdistan

(Sharecast News) - Genel Energy and Gulf Keystone shares fell after the oil companies said the Kurdistan government was delaying payments due in late 2019 until January 2020.

Read more
12 Dec 2019 09:57

Gulf Keystone And Genel Energy Shares Fall Amid Payment Delay

Gulf Keystone And Genel Energy Shares Fall Amid Payment Delay

Read more
5 Dec 2019 16:04

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

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.