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Pin to quick picksGenel Energy Share News (GENL)

Share Price Information for Genel Energy (GENL)

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Share Price: 94.00
Bid: 93.80
Ask: 94.30
Change: 0.00 (0.00%)
Spread: 0.50 (0.533%)
Open: 95.00
High: 95.00
Low: 93.50
Prev. Close: 94.00
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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:

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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.

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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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".

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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.

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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.

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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.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Revenue rises as Genel Energy swings to operating profit

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
15 Mar 2023 15:43

UK earnings, trading statements calendar - next 7 days

Thursday 16 March 
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Centamin PLCFull Year Results
Deliveroo PLCFull Year Results
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Empiric Student Property PLCFull Year Results
Eurocell PLCFull Year Results
FW ThorpeHalf Year Results (TBC)
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Halma PLCTrading Statement
Helios Towers PLCFull Year Results
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Investec PLC and LtdTrading Statement
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Polymetal International PLCfull Year Results
PYX Resources LtdFull Year Results
Rentokil Initial PLCFull Year Results
Restore PLCFull Year Results
Savills PLCFull Year Results
TI Fluid Systems PLCFull Year Results
WAG Payment Solutions PLCFull Year Results
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Jubilee Metals Group PLCHalf Year Results
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Aptitude Software Group PLCFull Year Results
Boku IncFull Year Results
Diversified Energy Co PLCFull Year Results
Ergomed PLCFull Year Results
Fintel PLCFull Year Results
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Henry Boot PLCFull Year Results
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Kingfisher PLCFull Year Results
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Oxford Nanopore Technologies PLCFull Year Results
Pebble Group PLCFull Year Results
Quixant PLCFull Year Results
ScS Group PLCHalf Year Results
SThree PLCTrading Statement
Staffline Group PLCFull Year Results
Tissue Regenix Group PLCFull Year Results
Trustpilot Group PLCFull Year Results
YouGov PLCHalf Year Results
Zotefoams PLCFull Year Results
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Atalaya Mining PLCFull Year Results
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Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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TRADING UPDATES: NWF beats market view; AFC hydrogen offering progress

(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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2 Mar 2023 21:02

IN BRIEF: Genel Energy signs petroleum agreement for Lagzira block

Genel Energy PLC - Oil company with exploration and production operations in northern Iraq - On Wednesday says it signed an eight-year petroleum agreement and association contract with the Office National des Hydrocarbures et des Mines for the Lagzira block in Morocco. Adds that the contract has "attractive fiscal terms." Launches a process to find a partner to take a "material" equity position and to jointly pursue the exploration programme in the block, with the opportunity to drill and test one of the high-graded prospects. Explains that the Lagzira block is a large offshore licence, in water depths of 200-1,200 metres, with a proven petroleum system.

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13 Feb 2023 11:26

IN BRIEF: Genel Energy receives oil sales payment from Kurdistan

Genel Energy PLC - Oil company with exploration and production operations in northern Iraq - Receives all payments from the Kurdistan regional government relating to oil sales during August. In terms of payment breakdown, Tawke sales were USD20.2 million, Taq Taq sales were USD2.5 million, Sarta sales were USD2.2 million, and receivable recovery sales were USD6.5 million. Genel expects to receive a further USD13 million in 2023 relating to historic receivables from 2020.

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LONDON BROKER RATINGS: RBC cuts Ocado; Bernstein cuts easyJet

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

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18 Jan 2023 12:27

Canaccord slightly lowers target price on Genel Energy

(Sharecast News) - Analysts at Canaccord Genuity slightly lowered their target price on oil company Genel Energy from 180.0p to 170.0p on Wednesday following the group's trading update.

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TRADING UPDATES: Genel Energy likes high oil price; Cooks Coffee grows

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

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John Wood Group PLCTrading Statement
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Genel Energy to impair Sarta asset after drilling results

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