Less Ads, More Data, More Tools Register for FREE

Pin to quick picksIBPO.L Share News (IBPO)

  • There is currently no data for IBPO

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: iEnergizer and Volex post interim profit hikes

Thu, 11th Nov 2021 21:26

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

----------

iEnergizer Ltd - IT service management company - Revenue in six months to September 30 up 35% year-on-year to USD121.9 million from USD90.2 million. Pretax profit improves 41% to USD37.9 million from USD26.9 million. Lifts payout 42% to 8.12 pence per share from 5.72p. "We are delighted to report another strong performance by iEnergizer, with highly profitable growth in revenue and profit margins, which exceeded our expectations for H1 2022," Chair Marc Vassanelli says.

----------

Volex PLC - Hampshire, England-based electronic components maker - Revenue in first half ended October 3 jumps 45% to USD292.7 million from USD202.5 million. Pretax profit increases 35% to USD19.4 million from USD14.4 million. Ups payout by 9.1% to 1.2p per share from 1.1p. "Robust first half of the year coupled with a strong forward order book, means Volex is on course to deliver on its full-year consensus market expectations," company says.

----------

MaxCyte Inc - Maryland-based platform for cell-based research - Revenue in third quarter rises 50% to USD10.1 million from USD6.8 million a year earlier. Pretax loss narrows to USD2.7 million from USD3.1 million. "We continue to expand our customer base and increase the number of strategic partnerships, now with 15 strategic platform license agreements in place following the announcement of our agreement with Nkarta in early November. The vast majority of our SPL agreements enable MaxCyte to participate in pre-commercial milestones and post-commercial sales-based payments on SPL-related Programs. We remain bullish around the potential for our SPL partnerships to generate meaningful revenue for the business over the next 12 to 18 months and beyond as our partners continue to see clinical success," Chief Executive Doug Doerfler says. In addition, company lifts 2021 revenue outlook to USD33.0 million from previous guidance of "greater than USD30 million".

----------

Sabien Technology Group PLC - Watford-based boiler efficiency products - Has signed heads of terms with Proton Technologies Canada Inc in relation to a hydrogen processing licence within UK territories. Sabien will be producing 20 tonnes of hydrogen per day, generated using Proton's technology.

----------

Bidstack Group PLC - London-based in-game advertising platform - Partners with Wildlife Studios Ltd, creators of mobile tennis game Tennis Clash. "The activations will see brands featured across virtual tennis courts such as New York and Sydney, on courtside banners, scoreboards and nets, on custom racket strings and across branded outfit designs that will be seamlessly integrated into the game's virtual world. The in-game takeovers will be available to all players and will be seen by a global audience," Bidstack says.

----------

Tlou Energy Ltd - power company focused on sub-Saharan Africa - Secures 10 megawatt power purchase deal with Botswana Power Corp. "The construction of transmission lines to connect Lesedi to the existing power grid is expected to be completed in 2023," Tlou says. Notes a prototype hydrogen production unit is being designed in Brisbane before being transported to Lesedi in first half of 2022. Says hydrogen technology partner Synergen Met Pty Ltd plans to float in Sydney in "coming months" and is currently going through pre-IPO process. Tlou may participate in the IPO for up to USD3 million. "The company sees significant upside for a potential investment in SM given comparisons with similar listed entities," Tlou says.

----------

Goldstone Resources Ltd - gold exploration and development in West Africa - Raises GBP1 million through placing of 8.7 million shares at 11.5 pence each with a new institutional shareholder. "The net proceeds of the placing will be used predominantly to expediate the exploration, including a drilling programme, at the former underground mine at Akrokeri, formerly known as the Akrokeri Ashanti Mine Ltd," Goldstone says.

----------

Energean PLC - gas explorer and producer in the Mediterranean - Prices offering of USD450 million senior secured notes due 2027. Notes carry 6.5% annual interest rate.

----------

Zephyr Energy PLC - Newbury, England-based exploration & production company - Reports the first flowing hydrocarbons from the State 16-2LN-CC well, even as production testing and well clean-up efforts remain ongoing. "The production of hydrocarbons marks a major milestone for Zephyr, particularly as this is the first horizontal well in the wider Paradox Basin to flow hydrocarbons using a modern hydraulically stimulated completion," company explains.

----------

Pharos Energy PLC - oil & gas company with assets in Egypt, Vietnam and Israel - Says first phase of the TGT 4 well infill development drilling programme in Vietnam completed. All four infill development wells drilled within schedule and well under budget, Pharos says.

----------

Great Eastern Energy Corp Ltd - Indian coal bed methane company - Revenue in six months to September 30 falls 9.6% year-on-year to USD13.4 million from USD12.3 million. Swings to pretax profit of USD1.8 million from USD66,970 loss a year earlier.

----------

Agronomics Ltd - Isle of Man-based investor in the field of cellular agriculture - Portfolio firm Tropic Biosciences will not see its potato product face "regulatory barriers". The product, developed using gene editing induced gene silencing technology, is exempt from regulation under the US Department of Agriculture Animal & Plant Inspection Service. "This confirmation ensures that its gene-edited potatoes, resistant to browning, will not face regulatory barriers on its way to market, and is a promising indicator for its other products such as coffee, rice and bananas," Agronomics says. It has a 3.0% stake in Tropic.

----------

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
23 Jul 2021 16:11

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

Read more
1 Jul 2021 16:03

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

Read more
29 Jan 2021 16:07

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

Read more
7 Jan 2021 16:08

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

Read more
30 Dec 2020 11:57

LONDON MARKET MIDDAY: Stocks Mixed Despite Positive Vaccine News

LONDON MARKET MIDDAY: Stocks Mixed Despite Positive Vaccine News

Read more
30 Dec 2020 10:39

UK WINNERS & LOSERS SUMMARY: Astra Up On Covid Vaccine Approval In UK

UK WINNERS & LOSERS SUMMARY: Astra Up On Covid Vaccine Approval In UK

Read more
30 Dec 2020 09:38

iEnergizer Inks New Five-Year USD165 Million Loan Facility

iEnergizer Inks New Five-Year USD165 Million Loan Facility

Read more
30 Dec 2020 08:48

LONDON MARKET OPEN: Stocks In Green On Astra Vaccine, Brexit Deal News

LONDON MARKET OPEN: Stocks In Green On Astra Vaccine, Brexit Deal News

Read more
11 Dec 2020 15:59

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

Read more
12 Nov 2020 16:13

UK EARNINGS SUMMARY: Smiths News In Virus Hit But Expects Turnaround

UK EARNINGS SUMMARY: Smiths News In Virus Hit But Expects Turnaround

Read more
3 Aug 2020 16:21

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

Read more
25 Jun 2020 12:04

iEnergizer Increases Annual Dividend As Profit Rises On Revenue Growth

iEnergizer Increases Annual Dividend As Profit Rises On Revenue Growth

Read more
9 Jun 2020 13:25

UK TRADING UPDATE SUMMARY: Venture Life Sees Order Boost For Sanitiser

UK TRADING UPDATE SUMMARY: Venture Life Sees Order Boost For Sanitiser

Read more
9 Jun 2020 08:07

iEnergizer reaffirms dividend policy as FY EBITDA tops expectations

(Sharecast News) - Technology services provider iEnergizer said on Tuesday that it had continued to perform strongly in the second half of the year ended 31 March.

Read more
11 May 2020 12:03

UK TRADING UPDATE SUMMARY: Blencowe And BlueRock Recommence Operations

UK TRADING UPDATE SUMMARY: Blencowe And BlueRock Recommence Operations

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.