Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksItm Power Share News (ITM)

Share Price Information for Itm Power (ITM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 54.00
Bid: 53.70
Ask: 53.95
Change: 0.30 (0.56%)
Spread: 0.25 (0.466%)
Open: 55.95
High: 55.95
Low: 52.75
Prev. Close: 53.70
ITM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: Confident outlooks from Hunting, Audioboom, SigmaRoc

Thu, 16th Dec 2021 17:22

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

----------

Hunting PLC - London-headquartered oil field services - Trading for the fourth quarter of 2021 to date remains in line with management expectations, and expects a breakeven result in earnings before interest, tax, depreciation and amortisation expected for the full year, due to a stronger performance in US onshore activity, while EMEA trading remains subdued. For the three months ended November 30, the order book rises by 20%. Looking ahead, improved trading performance is expected to continue into 2022, however for further diligence, company has postponed its plans to launch a level two American Depositary Receipt programme.

----------

Audioboom Group PLC - London-based podcast producer - Due to the strong momentum in the fourth quarter of 2021, company expects to generate significantly increased adjusted Ebitda, alongside a marginal improvement in revenue, ahead of market expectations. Performance was driven by higher advertiser demand for premium content, strong audience growth and increase revenue from ad tech.

----------

SigmaRoc PLC - London-based construction materials company - For the 11 months ended November 30, revenue more than doubles year-on-year to GBP236.5 million, and rising 13% on a like-for-like basis. As a result, company remains confident in delivering an underlying Ebitda for 2021 as whole ahead of analyst consensus.

----------

Netcall PLC - Bedford-based customer engagement software provider - Trading momentum continues into the first half ending December 31, with good demand for cloud services across core sectors of healthcare, public sector and financial services, leading to growth in revenue and annual contract value.

----------

McBride PLC - Manchester-based cleaning and hygiene product manufacturer - For the six months ending December 31, expects adjusted loss before interest, tax and amortisation of between GBP14 million and GBP17 million, due to rising input costs and the timing of pricing agreements, as well as delays with some customers.

----------

Egdon Resources PLC - UK-based exploration and production company - For the three months ended October 31,revenue hiked to GBP1.1 million from GBP173,000 the same period a year prior, primarily gathered from output from Wressle-1 well and the Ceres gas field. Wressle has produced at an average of 666 barrels of oil per day over last seven day period. In early 2022, testing will be completed to see "full potential of the well".

----------

Hurricane Energy PLC - Surrey, England-based oil producer - For November, the Lancaster P6 well produced an average oil rate of 10,124 barrels of oil per day, with an average water cut of 37%. During the month, the company completed the plugging and final abandonment of the Lancaster 205/21a-4z well for a cost of USD1 million. As at November 30, Hurricane has net free cash of USD127 million.

----------

Kazera Global PLC - diamonds and rare earths explorer in South Africa and Namibia - For the current production cycle ending January 2022, diamond output is in excess of 750 carats, beating the prior highest diamond production of 242 carats. For the current cycle, Kazera has set a production target of 1,000 carats. Looking ahead, expected to be "significantly cash flow positive" during 2022.

----------

National World PLC - UK newspaper industry investor that acquired JPIMedia Publishing in May - For the year ending January 1, 2022, revenue is expected to be around GBP85 million, with revenue in the second half expected to be broadly in line with the second half of 2020, driven by growth in digital revenue more than offsetting a decline in print.

----------

ITM Power PLC - Sheffield-based hydrogen power equipment maker - For the six months ended October 31, adjusted loss before interest, tax, depreciation and amortisation widens to GBP13 million from GBP10.4 million, despite revenue hiking to GBP4.1 million from GBP200,000, with a record backlog of 499 megawatts as at December 1, up 61% since September.

----------

Advanced Medical Solutions Group PLC - Winsford-based surgical dressings - Results for 2021 is expected to be in line with market expectations, with both business units reporting significant growth with trading recovering in line with expectations and rebuilding levels of elective surgery towards pre-pandemic levels. In addition, the volume of product increased significantly with a continued improvement in operational leverage.

----------

Gym Group PLC - Croydon-based low-cost gyms operator - Trading in line with market expectations for 2021, with total member numbers rise to 753,000 to the end of October from 547,000 at the end of February. However, this has waned in November to 735,000. Meanwhile, headline prices have improved, with the DO IT membership increasing to GBP19.23 in November from GBP19.11 in June.

----------

Immotion Group PLC - Manchester, England-based virtual reality entertainment company - Expects revenue for the second half of 2021 to be ahead of the first half, at GBP6.5 million from GBP2.8 million. In addition, for 2021 as whole, expects adjusted Ebitda to be ahead of the GBP600,000 reported for the first nine months of trading. For 2021, revenue is set to exceed GBP9 million, compared to GBP2.8 million the year before.

----------

Rotala PLC - bus operations at Heathrow airport and in West Midlands and North West - For the year ended November 30, expects to swing to profit of around GBP300,000 from a loss of GBP4.8 million, on revenue set to grow 24% year-on-year to GBP96.5 million from GBP78.0 million. By the end of the year passenger numbers have reached 80% to 85% of pre-Covid levels.

----------

Robert Walters PLC - London-based recruitment firm - For 2021, expects pretax profit to be "comfortably ahead" of current market expectations.

----------

Jadestone Energy PLC - oil and gas producer focused on the Asia-Pacific region - Achieved the target of delivering around 20,000 barrels of oil equivalent per day of output by the end of 2021, driven by strong performance from the Montara H6 well and initial flows from Skua-11 post workover. Average annual production expected to be between guidance range of 11,500 - 13,500 boe per day. For the fourth quarter of 2021 to date, production has averaged 17,800 boe per day.

----------

Wentworth Resources PLC - natural gas production in Tanzania - Annual average production rate for 2021 is expected to exceed 80 million cubic feet per day, above the high-end of revised guidance for the year. Also expects to achieve record revenue, Ebitdax and cash on hand.

----------

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
16 Oct 2023 07:44

LONDON BRIEFING: Hipgnosis pulls interim dividend on lower royalties

(Alliance News) - The FTSE 100 is likely to open higher on Monday, benefitting from higher oil and gas prices, while fears of escalating regional conflict in the Middle East damp risk sentiment elsewhere.

Read more
16 Oct 2023 07:39

ITM Power announces entry into the US market

(Sharecast News) - Green energy group ITM Power has announced it is starting bidding into projects in the US market, which it says could become one of its largest markets.

Read more
12 Oct 2023 09:40

LONDON BROKER RATINGS: Goldman Sachs says 'sell' Asos and boohoo

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

Read more
12 Oct 2023 07:45

LONDON BRIEFING: UK economy grows 0.2%; CMA probes ITV and BBC

(Alliance News) - Stocks in London are called higher on Thursday, following an upbeat trading session in Asia.

Read more
22 Sep 2023 16:09

UK shareholder meetings calendar - next 7 days

Monday 25 September 
Amte Power PLCGM re share issue to raise GBP2m
Ondo InsurTech PLCAGM
ThomasLloyd Energy Impact Trust PLCGM re appointment of new directors
Tuesday 26 September 
BSF Enterprise PLCGM re placing, subscription and broker warrants
Cohort PLCAGM
Ediston Property Investment Co PLCGM re disposal of the property portfolio
Fulcrum Utility Services LtdGM re AIM cancellation
James Cropper PLCAGM
Knights Group Holdings PLCAGM
Miton UK MicroCap Trust PLCAGM
Mycelx Technologies CorpAGM
Orient Telecoms PLCAGM
Redde Northgate PLCAGM
Saietta Group PLCAGM
Scholium Group PLCAGM
SulNOx Group PLCAGM
Supreme PLCAGM
Tern PLCGM re management changes
Wednesday 27 September 
4Global PLCAGM
abrdn New India Investment Trust PLCAGM
Amigo Holdings PLCAGM
AO World PLCAGM
Baltic Classifieds Group PLCAGM
Coral Products PLCAGM
EDX Medical Group PLCAGM
Empyrean Energy PLCAGM
First Property Group PLCAGM
Pharma C Investments PLCGM re executive changes
Riverstone Energy LtdEGM re tender offer
Samarkand Group PLCAGM
System1 Group PLCAGM
Schroder Real Estate Investment Trust LtdAGM
Voyager Life PLCAGM
Thursday 28 September 
abrdn Japan Investment TrustGM re merger with Nippon Active Value Fund PLC
abrdn Japan Investment TrustAGM
ActiveOps PLCAGM
Babcock International Group PLCAGM
Boussard & Gavaudan Holding LtdEGM re managed wind-dow proposals
CentralNic Group PLCGM re name change to Team Internet Group PLC
CT Global Managed Portfolio Trust PLCAGM
Diageo PLCAGM
FIH Group PLCAGM
FRP Advisory Group PLCAGM
Kromek Group PLCAGM
Oxford Cannabinoid Technologies Holdings PLCAGM
Pembroke VCT PLCAGM
Polar Capital Holdings PLCAGM
Redcentric PLCAGM
Revolution Beauty Group PLCAGM
Roebuck Food Group PLCAGM
TruFin PLCAGM
Zoo Digital Group PLCAGM
Friday 29 September 
600 Group PLCAGM
Andrada Mining LtdAGM
Capital Metals PLCAGM
Enteq Technologies PLCAGM
finnCap Group PLCAGM
Goodwin PLCAGM
GRC International Group PLCAGM
Hellenic Dynamics SAAGM
ITM Power PLCAGM
Kodal Minerals PLCAGM
Merit Group PLCAGM
Naked Wines PLCAGM
Shearwater Group PLCAGM
Victoria PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
21 Aug 2023 09:24

LONDON BROKER RATINGS: Jefferies raises HSBC price target

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

Read more
18 Aug 2023 09:08

LONDON BROKER RATINGS: UBS cuts RS Group to 'neutral' from 'buy'

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

Read more
17 Aug 2023 11:50

ITM Power shares gain as H1 results beat expectations

(Sharecast News) - Shares in hydrogen firm ITM Power made sharp gains on Thursday as the company posted interim in line with expectations as it seeks to turn its fortunes around.

Read more
17 Aug 2023 09:33

ITM Power touts optimistic outlook despite increased annual loss

(Alliance News) - ITM Power PLC on Thursday reported an increased loss whilst it hailed its plans to expand into "important growth markets" such as the EU, with big demand ahead for green hydrogen.

Read more
14 Aug 2023 08:59

ITM Power inks heads of terms for sale of Motive Fuels stake

(Sharecast News) - Hydrogen energy technology specialist ITM Power announced a significant step in its strategic restructuring on Monday, by entering into a non-binding heads of terms agreement for the sale of Motive Fuels.

Read more
14 Aug 2023 07:49

IN BRIEF: ITM Power agrees exit from hydrogen refuelling station chain

ITM Power PLC - Sheffield, England-based maker of electrolysers to produce green hydrogen - Signs non-binding heads of terms agreement to sell Motive Fuels Ltd, a 50-50 joint venture set up in 2022 with Vitol Holdings SARL to build hydrogen refuelling stations in the UK. Doesn't say whether new agreement is with Vitol or another company but says it expects the deal to be completed by the end of calendar 2023. ITM Power and Vitol each had committed GBP30 million as seed funding to the joint venture, and ITM Power says its exit will free up GBP28 million in pre-committed cash for its core business of becoming a volume manufacturer of electrolysers. "Motive has been an important part of ITM's journey, and it is important to us that the business will be left in capable and ambitious hands," ITM Power Chief Financial Officer Andy Allen says.

Read more
14 Aug 2023 07:40

LONDON BRIEFING: Plus500 launches buyback; takeover offer for Glantus

(Alliance News) - Weak trading further afield is likely to translate into a lower open for London's equities on Monday.

Read more
10 Aug 2023 15:46

UK earnings, trading statements calendar - next 7 days

Friday 11 August 
FBD Holdings PLCHalf Year Results
Murray International Trust PLCHalf Year Results
Monday 14 August 
CentralNic Group PLCHalf Year Results
Global Invacom Group LtdHalf Year Results
Plus500 LtdHalf Year Results
Stelrad Group PLCHalf Year Results
Tuesday 15 August 
888 Holdings PLCHalf Year Results
Genuit Group PLCHalf Year Results
Georgia Capital PLCHalf Year Results
Kenmare Resources PLCHalf Year Results
Just Group PLCHalf Year Results
Legal & General Group PLCHalf Year Results
MTI Wireless Edge LtdHalf Year Results
UP Global Sourcing Holdings PLCTrading Statement
Victoria PLCFull Year Results
Wednesday 16 August 
Admiral Group PLCHalf Year Results
Aviva PLCHalf Year Results
Balfour Beatty PLCHalf Year Results
Essentra PLCHalf Year Results
Gattaca PLCTrading Statement
Glanbia PLCHalf Year Results
Hochschild Mining PLCHalf Year Results
Marshalls PLCHalf Year Results
Restore PLCHalf Year Results
Thursday 17 August 
Bank of Georgia Group PLCHalf Year Results
Empiric Student Property PLCHalf Year Results
Intelligent Ultrasound Group PLCHalf Year Results
ITM Power PLCFull Year Results
Rank Group PLCFull Year Results
Tremor International LtdHalf Year Results
Westminster Group PLCHalf Year Results
Windward LtdHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
26 Jul 2023 10:51

ITM Power outlines roadmap for further collaboration with Gore

(Alliance News) - ITM Power PLC on Wednesday said that it intends to further collaborate with W. L. Gore & Associates Inc, enhancing their mutual understanding of proton exchange membrane water electrolysis performance.

Read more
25 Jul 2023 09:10

ITM Power shares down on delayed full-year results

(Alliance News) - ITM Power PLC shares dropped on Tuesday, after it reported that its financial 2023 results will be delayed.

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.