16 Mar 2023 11:01
AIM WINNERS & LOSERS: Kooth wins US deal; Hurricane accepts offer
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.
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Don't have an account? Click here to register.Berenberg starts Hurricane Energy at 'buy' ahead of imminent announcement of 'first oil'
Thu, 30th May 2019 10:58
(Sharecast News) - Analysts a Berenberg kicked-off their coverage of Hurricane Energy with a 'buy' recommendation and a 100.0p target price ahead of the expected announcement of first oil at Lancaster, which they predicted would come in the next few days."We think there is an attractive risk/reward at current levels and expect the stock to react positively to incremental news-flow on EPS developments at Lancaster, starting with an announcement of first oil, which we expect in the coming days," Berenberg explained.A full de-risking of Lancaster would add 7.0p to their estimates for the company's NAV per share.And according to the broker, many other potentially positive catalysts for the share price lay ahead over the back half of 2019.The German broker said if successful in de-risking th development concept for so-called fractured basements on the UK continental shelf, that "could transform it into one of the biggest exploration and production (E&P) companies under our coverage".Key for that would be the Early Production System for the Greater Warwick and Greater Lancaster areas, they said.In particular, Hurricane would need to closely monitor the production pressure while implementing the EPS, with a first update likely at the company's Capital Markets Day in the summer.Should it succeed in de-risking the development concept, that could unlock in excess of 2.5bn barrels in resources, with the bulk of those coming from Lancaster.Berenberg pegged the full de-risked value of GWA and GLA - assuming successful development - at 280.0p per share.More details were also expected at the CMD on 16 April regarding the results of the Warwick Deep well, whose aim was to delineate the adjacent Lincoln discovery in order to ascertain if the Warwick discovery was simply an extension of Lincoln.As of 1401 BST, shares of Hurricane Energy were leaping 8.12% higher to 61.90p.
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2 Feb 2023 19:39
TRADING UPDATES: Lords sells business; Atome wins joint venture deal
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Read more12 Jan 2023 14:49
IN BRIEF: Crystal Amber Fund withdraws Hurricane Energy meeting demand
Hurricane Energy PLC - owner and operator of Lancaster field offshore Shetland - London-listed activist investor Crystal Amber Fund Ltd on Thursday withdraws requisition for a general meeting at which it had wanted to remove Chief Executive Officer Antony Maris, Chief Financial Officer Richard Chaffe, and Non-Executive Chair Philip Wolfe from the board and replace them with its own candidates. Crystal Amber Fund, a 29% Hurricane shareholder, had sent the requisition just before Christmas, but on Thursday said it decided to "pause" the requisition following the update issued by Hurricane on Wednesday on its trading and formal sale process. Hurricane said it had received "received multiple proposals from credible counterparties" by the offer deadline of last Saturday.
Read more12 Jan 2023 09:40
LONDON BROKER RATINGS: UBS cuts Beazley; Berenberg likes Rio and BHP
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:
Read more11 Jan 2023 21:08
TRADING UPDATES: Blencowe gets ok for samples; Cornish hails results
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Read more4 Jan 2023 15:49
UK shareholder meetings calendar - next 7 days
| Thursday 05 January | |
| AB Dynamics PLC | AGM |
| AfriTin Mining Ltd | EGM re name change |
| Shield Therapeutics PLC | GM re share transaction |
| Friday 06 January | |
| Gunsynd PLC | AGM |
| Monday 09 January | |
| Angus Energy PLC | GM re new ordinary shares authorization |
| Premier African Minerals Ltd | AGM |
| Yourgene Health PLC | GM re capital raise |
| Tuesday 10 January | |
| Valereum Blockchain PLC | AGM |
| Wishbone Gold PLC | AGM |
| Wednesday 11 January | |
| Asos PLC | AGM |
| Edge Performance VCT PLC | GM re deed of release |
| Hurricane Energy PLC | AGM |
| MetalNRG PLC | GM requisitioned to remove chair and CEO from board |
| Synthomer PLC | GM re sale of laminates business |
| Copyright 2023 Alliance News Ltd. All Rights Reserved. | |
23 Dec 2022 11:09
UPDATE: Hurricane notes Crystal Amber's plan to remove CEO from board
(Alliance News) - Activist investor Crystal Amber Fund Ltd on Friday requisitioned a general meeting to remove six directors of Hurricane Energy PLC, including the executives and chair, and appoint two of its own.
Read more23 Dec 2022 10:00
UPDATE: Crystal Amber Fund asks for board removal of Hurricane CEO
(Alliance News) - Activist investor Crystal Amber Fund Ltd on Friday requisitioned a general meeting to remove six directors of Hurricane Energy PLC, including the executives and chair, and appoint two of its own.
Read more23 Dec 2022 09:26
Crystal Amber Fund asks for removal of Hurricane CEO, CFO from board
(Alliance News) - Activist investor Crystal Amber Fund Ltd on Friday requisitioned a general meeting to remove six directors of Hurricane Energy PLC, including the executives and chair, and appoint two of its own.
Read more23 Dec 2022 07:50
LONDON BRIEFING: Stocks to start half-day positively despite weak lead
(Alliance News) - Equities in London were set to open a shortened trading day in the green on Friday, despite indices falling in Asia and the US.
Read more25 Nov 2022 14:29
Hurricane Energy plans USD70 million capital reduction programme
(Alliance News) - Hurricane Energy PLC on Friday said it is planning for a capital reduction programme to distribute reserves to shareholders.
Read more18 Nov 2022 14:48
Hunt's levy changes to have little effect on Hurricane Energy
(Sharecast News) - Hurricane Energy responded to the Chancellor's autumn statement on Friday, which contained changes to the Energy Profits Levy (EPL).
Read more18 Nov 2022 14:00
IN BRIEF: Hurricane Energy seeing bid interest; updates on UK tax hit
Hurricane Energy PLC - Surrey-based oil and gas producer in fields offshore west of Shetland - Notes UK government announcement which increases energy profits levy to 35% starting January 1, 2023, from 25% currently. Firm says the tax on surplus profit will cost it less than USD5 million in 2022. Hurricane says it is assessing the impact of the coming changes.
Read more2 Nov 2022 12:21
Hurricane Energy launches formal sales process after unsolicited offer
(Alliance News) - Hurricane Energy PLC on Wednesday urged shareholders to vote against an unsolicited indicative takeover offer it received, citing a low premium to its share price as it launched a formal sales process.
Read more2 Nov 2022 10:45
AIM WINNERS & LOSERS: Hurricane hangs 'for sale' sign; Bonhill slides
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.
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