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Pin to quick picksHunting Share News (HTG)

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TRADING UPDATES: Alphawave teams with Intel; Cadence's Amapa progress

Mon, 07th Feb 2022 18:29

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

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Alphawave IP Group PLC - designs and licences chip technology - Teams with Intel Corp's Intel Foundry Services. Intel Foundry is a unit of Santa Clara, California-based Intel. It manufactures third-party chips. "By combining Intel's manufacturing and operational prowess with Alphawave IP's technology leadership in connectivity solutions, the partnership will enable some of the world's largest chip companies and hyperscalers to build the most advanced semiconductor devices in 2022 and beyond," Alphawave says.

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Cadence Minerals PLC - London-based investor in mineral resources - Says required contractual and regulatory documentation completed and filed at Amapa iron ore project, sealing process and ensuring Cadence now owns 20% of the Brazil-based project. Cadence notes Anglo American PLC, a previous owner, valued the asset at USD1.2 billion and impaired it at USD600 million back in its 2012 accounts.

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Oilex Ltd - Perth-based company focused on the development of natural gas assets - India's Ministry of Environment, Forest & Climate Change confirms decision to approve environmental clearance for Cambay field.

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Hunting PLC - London-based supplier to oil and gas industry - Refinances core borrowing facilities and enters into USD150 million asset based lending facility with Wells Fargo and HSBC. New facility has four-year term and replaces USD160 million revolving credit facility. "The ABL facility contains an accordion feature of up to a further USD50 million which is accessible subject to further credit approval from the relevant lenders, enabling the company to increase the total facility quantum to USD200 million," Hunting adds.

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Helium One Global Ltd - London-based exploration & development company - Begins electrical resistivity tomography at Rukwa asset. Survey will probe area identified from phase I and phase II 2D seismic surveys. Will also investigate "surface helium anomalies identified in recently completed multispectral satellite spectroscopy study".

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Wildcat Petroleum PLC - targeting investment opportunities in businesses and assets within the upstream sector of the petroleum industry, including the use of blockchain within the sector - Names PETRO-TEC as petroleum consultants. "PT will be able to devise, implement, run and evaluate appropriate field development projects alongside WCAT," company says.

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Insig AI PLC - London-based machine learning and data science firm which serves the asset management industry, formerly known as Catena Group PLC - Picked for PwC's Scale FinTech programme, aiming to give access to new opportunities within the accounting firm and its clients. "After an extensive selection process, Insig AI was one of only nine companies this year chosen from more than 700 applicants from around the world. Insig AI is also the only FinTech with ESG expertise on the programme," Insig says.

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Octopus Renewables Infrastructure Trust PLC - London-based investment company focused on renewable energy assets in Europe and Australia - Declares 1.25 pence per share dividend for fourth quarter ended December 31. Notes 2021 payout totals 5.0p per share, meeting target. For 2022, it eyes 5.24p payout, up 4.8%.

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ImmuPharma PLC - London-based drug discovery and development company - Says UK Medical & Health Products Regulatory Agency approves pharmacokinetic study Lupuzor in Lupus patients. "Volunteers have been selected and approved for inclusion in the PK study," company says. Vounteer dosing to begin on February 15 and study on track to deliver results by end of first quarter.

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Ondine Biomedical Inc - Vancouver, Canada-based life sciences company focused on photodisinfection-based therapies - Treats first patients in phase 2 of US Food & Drug Administration nasal photodisinfection exploratory trial. "The study will evaluate how effectively the treatment eradicates pathogens -Staphylococcus aureus - in the nose, and the occurrence of surgical site infections within 30 days of surgery," Ondine adds.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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LONDON MARKET OPEN: Pearson profit surges; Rightmove revenue up

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LONDON BRIEFING: Stocks rise on positive China service sector survey

(Alliance News) - Stocks in London were called higher on Friday, following an indication of strength in the service sector in China.

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LONDON MARKET CLOSE: FTSE 100 higher as CRH shines, sterling weakens

(Alliance News) - Stocks in London were largely, but tentatively, higher at the close on Thursday, with the FTSE 100 boosted by a strong performance from building materials firm CRH and a weaker pound.

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2 Mar 2023 12:11

IN BRIEF: Hunting achieves rise in yearly revenue, swings to profit

Hunting PLC - London-based oil and gas industry services provider - Posts revenue of USD725.8 million for 2022, up 39% from USD521.6 million a year ago as order book multiplies to USD473.0 million from USD211.5 million. Swings to profit from operations to USD2.0 million from a loss of USD79.7million. Earnings before interest, tax, depreciation and amortisation amount to USD52.0 million compared to just USD3.1 million in 2021. Declares a final dividend of 4.5 cents, up 13% from 4.0p a year prior. This takes the total dividend for 2022 to 9.0 cents per share. Hunting plans an average dividend increase of 10% per year until 2030.

Read more
2 Mar 2023 09:13

Hunting delivers 'strong' FY performance

(Sharecast News) - Energy services group Hunting said on Thursday that it had delivered a "strong performance" in 2022, adding that it was also "well positioned" for 2023 as demand continues to improve across all segments.

Read more
23 Feb 2023 15:54

UK earnings, trading statements calendar - next 7 days

Friday 24 February 
ASA International Group PLCTrading Statement
CVS Group PLCHalf Year Results
European Opportunities Trust PLCHalf Year Results
Grit Real Estate Income Group LtdHalf Year Results
Irish Residential Properties REIT PLCFull Year Results
International Consolidated Airlines Group SAFull Year Results
Jupiter Fund Management PLCFull Year Results
Monday 27 February 
Associated British Foods PLCTrading Statement
Beeks Financial Cloud Group PLCHalf Year Results
Bunzl PLCFull Year Results
Centralnic Group PLCFull Year Results
Dechra Pharmaceuticals PLCHalf Year Results
DX Group PLCHalf Year Results
GlobalData PLCFull Year Results
Greencoat Renewables PLCFull Year Results
Kosmos Energy LtdFull Year Results
Quartix Technologies PLCFull Year Results
RHI Magnesita NVFull Year Results
Senior PLCFull Year Results
Tuesday 28 February 
abrdn PLCFull Year Results
Benchmark Holdings PLCQ1 Results
Bluefield Solar Income Fund LtdHalf Year Results
boohoo Group PLCFull Year Results
Cap-XX LtdHalf Year Results
Croda International PLCFull Year Results
Dalata Hotel Group PLCFull Year Results
Derwent London PLCFull Year Results
Hutchmed (China) LtdFull Year Results
Intertek Group PLCFull Year Results
Kitwave Group PLCFull Year Results
Man Group PLCFull Year Results
McBride PLCHalf Year Results
Morgan Advanced Materials PLCFull Year Results
Ocado Group PLCFull Year Results
Princess Private Equity Holding LtdFull Year Results
Rotork PLCFull Year Results
Serco Group PLCFull Year Results
St James's Place PLCFull Year Results
S-Ventures PLCFull Year Results
Travis Perkins PLCFull Year Results
Uniphar PLCFull Year Results
Unite Group PLCFull Year Results
Videndum PLCFull Year Results
XP Power LtdFull Year Results
Wednesday 1 March 
Aston Martin Lagonda Global Holdings PLCFull Year Results
Capital & Counties Properties PLCFull Year Results
GetBusy PLCFull Year Results
Glenveagh Properties PLCFull Year Results
Global Invacom Group LtdFull Year Results
Haydale Graphene Industries PLCHalf Year Results
International Personal Finance PLCFull Year Results
Nichols PLCFull Year Results
Permanent TSB Group Holdings PLCFull Year Results
Persimmon PLCFull Year Results
Rathbones Group PLCFull Year Results
Reckitt Benckiser Group PLCFull Year Results
Ricardo PLCHalf Year Results
Weir Group PLCFull Year Results
Thursday 2 March 
Alfa Financial Software Holdings PLCFull Year Results
Apax Global Alpha LtdFull Year Results
Beazley PLCFull Year Results
Brooks Macdonald Group PLCHalf Year Results
Cairn Homes PLCFull Year Results
Capita PLCFull Year Results
Capital & Regional PLCFull Year Results
Coats Group PLCFull Year Results
CRH PLCFull Year Results
Flutter Entertainment PLCFull Year Results
Funding Circle Holdings PLCFull Year Results
Grafton Group PLCFull Year Results
Haleon PLCFull Year Results
Hunting PLCFull Year Results
ITV PLCFull Year Results
London Stock Exchange Group PLCFull Year Results
Melrose Industries PLCFull Year Results
Metro Bank PLCFull Year Results
National Express Group PLCFull Year Results
PPHE Hotel Group LtdFull Year Results
Schroder AsiaPacific Fund PLCFull Year Results
Schroders PLCFull Year Results
Spire Healthcare Group PLCFull Year Results
Taylor Wimpey PLCFull Year Results
Tritax Big Box REIT PLCFull Year Results
Tyman PLCFull Year Results
Vesuvius PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

Read more
27 Jan 2023 11:51

Micro Focus expects takeover by OpenText to complete next week

(Alliance News) - Micro Focus International PLC on Friday said its proposed takeover by Open Text Corp is expected to complete on Tuesday next week, after the High Court of Justice in England & Wales approved the transaction for the entire share capital of Micro Focus.

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26 Jan 2023 21:15

Micro Focus International to be replaced by Hunting on FTSE 250 index

(Alliance News) - Micro Focus International PLC will be deleted from the FTSE 250 index, the FTSE Russell said on Thursday, amid its takeover by Open Text Corp.

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26 Jan 2023 09:44

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 09:47

LONDON BROKER RATINGS: Bank of America and Oddo BHF cut Whitbread

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

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16 Dec 2022 10:13

Canaccord Genuity nudges up target price on Hunting

(Sharecast News) - Analysts at Canaccord Genuity raised their target price on energy services company Hunting from 350.0p to 375.0p on Friday following "another strong update" from the group.

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16 Dec 2022 09:14

LONDON BROKER RATINGS: Barclays cuts Bunzl to 'underweight'

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

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15 Dec 2022 10:43

Hunting raises outlook for 2023; launches energy transition sales push

(Alliance News) - Hunting PLC on Thursday announced a strong annual performance and outlook, as well as the launch of a new sales group aimed at the energy transition market.

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15 Dec 2022 09:49

SMALL-CAP WINNERS & LOSERS: Zotefoams see profit ahead of expectations

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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15 Dec 2022 08:29

Hunting FY trading and financial outturn in line with expectations

(Sharecast News) - Energy services group Hunting said 2022 trading and financial outturn remained in line with market expectations, with underlying earnings projected to be roughly $50.0m.

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