Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksJadestone Energy Share News (JSE)

Share Price Information for Jadestone Energy (JSE)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 30.75
Bid: 30.00
Ask: 31.50
Change: -0.75 (-2.38%)
Spread: 1.50 (5.00%)
Open: 31.50
High: 32.00
Low: 30.40
Prev. Close: 31.50
JSE 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
19 Jan 2023 15:57

Jadestone buying interest on onshore Thailand operation

(Sharecast News) - Asia-Pacific oil and gas producer Jadestone Energy has executed a sale and purchase agreement with Salamander Energy, an affiliate of PT Medco Energi Internasional, it announced on Thursday.

Read more
19 Jan 2023 12:22

Jadestone Energy buys gas field stakes in Thailand for USD32.5 million

(Alliance News) - Jadestone Energy PLC on Thursday announced it is buying stakes in gas fields onshore Thailand.

Read more
18 Jan 2023 13:51

Jadestone Energy shares up as Montara production to restart next month

(Alliance news) - Jadestone Energy PLC on Wednesday said it completed an independent review of its remediation plans and operational readiness for the Montara Venture floating production, storage and offloading unit.

Read more
18 Jan 2023 13:18

Jadestone jumps as it works on re-start at Montara

(Sharecast News) - Asia-Pacific-focussed independent oil and gas producer Jadestone Energy said in an update on Wednesday that DNV's independent review of its remediation plans and operational readiness for the Montara Venture FPSO had been completed and submitted to Australian authorities, as required by the General Direction issued in September.

Read more
18 Jan 2023 11:09

AIM WINNERS & LOSERS: Team17 to beat expectations; IOG "disappointed"

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

Read more
24 Nov 2022 14:34

DIRECTOR DEALINGS: Darktrace strategy chief banks GBP5.0 million

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and not separately reported by Alliance News:

Read more
23 Nov 2022 13:09

Jadestone acquires remaining 10pc of Indonesia's Lemang

(Sharecast News) - Asia-Pacific oil and gas company Jadestone Energy announced the acquisition of the remaining 10% interest in the Lemang production sharing contract, onshore Indonesia, on Wednesday.

Read more
23 Nov 2022 10:26

Jadestone Energy takes full ownership of Lemang project in Indonesia

(Alliance News) - Jadestone Energy PLC on Wednesday said it has completed its acquisition of the remaining interest in the Lemang production sharing contract, located onshore Indonesia.

Read more
22 Nov 2022 15:16

IN BRIEF: Jadestone Energy director sells GBP180,000 in shares

Jadestone Energy PLC - oil and gas production in Australia, Malaysia, Indonesia and Vietnam - Non-Executive Director David Neuhauser sells 234,073 shares at GBP0.77, worth GBP179,736, on Thursday and Friday last week. Neuhauser now holds 32.1 million shares, a 7.1% stake, via Livermore Partners LLC.

Read more
17 Nov 2022 14:11

IN BRIEF: Jadestone Energy expects lower production 2022 amid repairs

Jadestone Energy PLC - oil and gas production company focused on the Asia-Pacific region - Expects oil production in 2022 to fall annually following ongoing repairs of defects at an oil cargo tank and at a ballast water tank.

Read more
17 Nov 2022 09:32

LONDON BROKER RATINGS: RBC cuts Rathbones to 'sector perform'

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

Read more
1 Nov 2022 13:02

Jadestone completes Western Australia acquisition from BP

(Sharecast News) - Asia-Pacific oil and gas company Jadestone Energy announced the completion of the acquisition of a non-operated 16.67% working interest in the Cossack, Wanaea, Lambert, and Hermes (CWLH) oil fields development, offshore Western Australia.

Read more
1 Nov 2022 11:31

IN BRIEF: Jadestone completes oil field acquisition offshore Australia

Jadestone Energy PLC - oil and gas production company focused on the Asia-Pacific region - Completes acquisition of a non-operated 17% working interest in the Cossack, Wanaea, Lambert, and Hermes oil fields development, offshore Western Australia. Acquisition from BP Developments Australia Pty Ltd. The headline cost of the acquisition is USD20 million.

Read more
27 Oct 2022 13:46

Jadestone blames lack of 'clarity', backs out of Maari purchase

(Sharecast News) - Asia-Pacific oil and gas producer Jadestone Energy has mutually agreed with OMV New Zealand to terminate the sale and purchase agreement to acquire an operated 69% interest in the Maari Project, offshore New Zealand, it announced on Thursday.

Read more
27 Oct 2022 11:19

Jadestone Energy terminates Maari acquisition due to lack of progress

(Alliance News) - Jadestone Energy PLC on Thursday said it has terminated its acquisition of the Maari project in New Zealand due to lack of guidance on the regulatory approvals required to complete the deal.

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.