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Share Price Information for Kistos Holdings (KIST)

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Share Price: 144.00
Bid: 143.00
Ask: 145.00
Change: 2.50 (1.77%)
Spread: 2.00 (1.399%)
Open: 146.50
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Low: 144.00
Prev. Close: 141.50
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EARNINGS UPDATES: Maiden Union Jack Oil profit; Kistos revenue jumps

Wed, 07th Sep 2022 11:21

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

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Union Jack Oil PLC - Bath-based UK-focused oil and gas company - Revenue for first half of 2022 jumps to GBP4.4 million from just GBP241,467 a year before. Swings to maiden pretax profit of GBP2.1 million from loss of GBP833,446. Says performance due to "consistent monthly cash flow", mostly from flagship Wressle development. Cash balances, receivables and liquid investments stand at GBP10.5 million as at Tuesday, it says, expects this "to continue to grow significantly during the next six months and beyond." "Union Jack continues to be cash flow positive covering all G&A, opex and contracted or planned capex costs, including any drilling activities for at least the next 12 months," it says.

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Vector Capital PLC - London-based commercial lending group - Revenue for six months to June 30 rises to GBP3.0 million from GBP2.5 million a year before. Pretax profit improves to GBP1.6 million from GBP1.3 million. Says loan book at end of period was GBP51.6 million, up from GBP46.3 million at end of December and GBP40.6 million a year ago. "Although the economic backdrop remains uncertain, we are still seeing a steady stream of good proposals coming through our broker network," says Chief Executive Agam Jain. "No doubt there will be some regional corrections in the property market during the coming months, however we expect to continue to deliver excellent growth and profits." Proposes interim dividend of 1.00p per share, up from 0.95p a year before.

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Tissue Regenix Group PLC - Leeds-based regenerative medical devices company - Revenue for first half of 2022 rises to USD11.8 million from USD9.4 million a year before, and pretax loss slims to USD1.6 million from USD2.5 million. Says BioRinse division recorded a 32% increase in revenue, while dCELL revenue rises 14% and joint venture GBM-V notches 13% rise. Cash position of USD6.2 million at June-end supports current business plan growth, it says. "The board remains optimistic about the future growth of the business and is encouraged by the increase in sales in H1 2022 in the face of this adversity, as well as the planned additions to the group's product portfolio that are expected to deliver growth and revenue opportunities in future periods," it says.

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Aura Renewable Acquisitions PLC - Targeting acquisitions operating in the global renewable energy sector supply chain - Pretax loss in period November 4, 2021, to June 30, 2022, amounts to GBP164,065, reflecting costs related to its initial public offering in April. Says it has "good visibility" for potential acquisition targets. "Since listing, Aura has begun to explore a range of potential targets in the UK and overseas which could offer the opportunity for significant growth in this exciting and fast-moving market sector. We have also been in discussions with the Board's extensive professional and business networks to raise the company's profile and highlight its intentions and objective to this large potential introducer base," says Chair John Croft.

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Kistos PLC - energy industry investor - Revenue in six months to June 30 jumps to EUR137.5 million from EUR6.6 million in the 37 weeks to June 30, 2021. Swings to pretax profit of EUR102.5 million from loss of EUR5.2 million. Pro forma average realised gas price was EUR82.65 per megawatt hour in the period, up sharply from EUR20.71 a year before. Says outlook "transformed" by acquisition of 20% interest in Greater Laggan Area, which completed in July. "This group of assets is contributing over half of the company's current output and the initial acquisition cost is expected to be recovered from gas produced in the first 8 months of the year. Importantly, this acquisition - like our acquisition in the Netherlands before it - offers significant upside potential for stakeholders," it says. Completed acquisition of Tulip Oil Netherlands in May 2021.

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BlueRock Diamonds PLC - diamond producer focused on South Africa - Revenue in six months to end of June GBP4.1 million, up from GBP2.8 million a year before. Pretax loss narrows to GBP23,285 from GBP512,914. Says revenue driven by higher diamond prices, with sales price up 48% to USD629 per carat. Helps to offset 7% fall in carats produced. "The supply side of rough diamonds has remained under pressure and is expected to continue to do so whilst the conflict around Ukraine exists. It is anticipated that the retail market could soften with the impact of inflation on disposable income, however, the Kareevlei's high-quality diamonds remains sought after and prices achieved in July and August have been encouraging," it says.

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ThomasLloyd Energy Impact Trust PLC - London-based Asia-focused renewable energy investment trust - Net asset value per share 99.9 cents at June 30, up from 92.1 cents at March 31 and 98.0 cents from IPO. To pay second quarterly interim dividend of 0.44 cents per share. Has committed two-thirds of its IPO proceeds from December float. "We are at an advanced stage of negotiations and due diligence on other investment opportunities, which will broaden our Investment Portfolio in terms of countries, currencies and technologies and provide further visibility on the revenue streams required to support our dividend targets. Accordingly, we expect that the remaining IPO proceeds will be substantially deployed shortly," Chair Sue Inglis adds.

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City of London Group PLC - operates Recognise Bank for UK small and medium enterprises - Total operating income for financial year ended March 31 rises to GBP1.8 million from GBP1.5 million. Pretax loss from continuing operations widens to GBP13.6 million, however, from GBP10.1 million. Says commercial activities are now undertaken through Recognise Bank, which was able to expand activities significantly in the second half of the year after receiving a full UK banking licence in September 2021. Says Recognise Bank's loss of GBP12.4 million reflects costs incurred developing the business, and was as expected.

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Mustang Energy PLC - London-based special purpose acquisition company - Pretax loss widens to GBP766,832 from GBP134,903 a year ago, due to higher administrative expenses and firm booking finance costs of GBP386,029 versus nothing a year prior. Is in process of preparing prospectus for VRFB-H deal to allow shares to resume trading.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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9 Jun 2022 15:46

IN BRIEF: Kistos benefitting from high gas prices in solid 2022 start

Kistos PLC - London-based energy industry investor with licenses in the Netherlands - Net production in the five months to the end of May stands at 12,000 barrels of oil equivalent per day. Cash balance at May 31 was EUR128.6 million with net cash at EUR6.3 million. Development studies are ongoing for the Q11-B gas discovery and the Orion oil discovery, company says. The Q10-Gamma prospect and the Q10-A gas field are also being evaluated. Chair Andrew Austin says the year has got off to a strong start, with a "solid" operational performance that has benefitted from high gas prices.

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9 Jun 2022 10:42

Kistos upbeat on strong recent performance

(Sharecast News) - Gas producer Kistos reported proforma net production for the five months through May of 12,000 barrels of oil equivalent per day in an update on Thursday, unhedged as of 1 April.

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6 Jun 2022 15:58

UK shareholder meetings calendar - next 7 days

Tuesday 7 June  
Animalcare Group PLCAGM
Arix Bioscience PLCAGM
Centrica PLCAGM
Integrated Diagnostics Holdings PLCAGM
Kooth PLCAGM
Ondine Biomedical IncAGM
Osirium Technologies PLCAGM
SpaceandPeople PLCAGM
TruFin PLCAGM
Wednesday 8 June  
Ascent Resources PLCAGM
Cambridge Cognition Holdings PLCAGM
City Pub Group PLCAGM
DP Eurasia NVAGM
Gem Diamonds LtdAGM
Hiro Metaverse Acquisitions I SAAGM
Itaconix PLCAGM
M&G Credit Income Investment Trust PLCAGM
Nostrum Oil & Gas PLCAGM
Parity Group PLCAGM
Petards Group PLCAGM
Safestyle UK PLCAGM
Savannah Resources PLCAGM
Third Point Investors LtdAGM
Woodbois LtdAGM
Thursday 9 June 
4basebio PLCAGM
Northbridge Industrial Services PLCGM re name change to Crestchic
Funding Circle Holdings PLCAGM
Northbridge Industrial Services PLCAGM
Dignity PLCAGM
Corero Network Security PLCAGM
Kosmos Energy PLCAGM
Kistos PLCAGM
Tungsten Corp PLCGM re Kofax Offer
BioPharma Credit PLCAGM
Checkit PLCAGM
Panther Metals PLCAGM
Instem PLCAGM
Kore Potash PLCAGM
Rambler Metals & Mining PLCAGM
Xpediator PLCAGM
Round Hill Music Royalty Fund LtdAGM
REA Holdings PLCAGM
Invesco Perpetual UK Smaller Companies Investment Trust PLCAGM
BlackRock Smaller Companies Trust PLCAGM
Friday 10 June 
Chariot LtdAGM
MP Evans Group PLCAGM
THG PLCAGM
Ergomed PLCAGM
Ultra Electronics Holdings PLCAGM
XLMedia PLCAGM
Monday 13 June 
Angus Energy PLCGM re second tranche of subscription shares and warrants
Elixirr International PLCAGM
Ocean Outdoor LtdGM re takeover by Atairos Group Inc
Jupiter Emerging & Frontier Income Trust PLCGM re voluntary liquidation
Mirriad Advertising PLCAGM
Saga PLCAGM
Spectra Systems CorpAGM
VPC Speciality Lending Investments PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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27 May 2022 10:06

LONDON BROKER RATINGS: JPMorgan cuts Just Eat Takeaway and Deliveroo

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

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7 Apr 2022 18:09

EARNINGS UPDATES: Attraqt widens annual loss; Chaarat swings to profit

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

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16 Feb 2022 13:44

IN BRIEF: Kistos founder and executive chair raises stake to 17.3%

Kistos PLC - energy industry investor with offshore assets in West of Shetland and Dutch North Sea fields - Executive Chair Andrew Austin buys 150,000 shares at GBP3.27, worth GBP489,975, on Tuesday. The purchase raises the Kistos founder's holding to 17.25% from 17.07%.

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1 Feb 2022 10:30

Berenberg lowers target price on Kistos following Greater Laggan acquisition

(Sharecast News) - Analysts at Berenberg lowered their target price on exploration and production firm Kistos from 530.0p to 455.0p on Tuesday but said a recent accretive acquisition would provide the group with "material cash flow".

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31 Jan 2022 15:17

Kistos takes plunge to buy West of Shetland stake from TotalEnergies

Kistos takes plunge to buy West of Shetland stake from TotalEnergies

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31 Jan 2022 09:38

Kistos agrees to buy interest in Greater Laggan assets

(Sharecast News) - Energy company Kistos has entered into a conditional asset purchase agreement and a conditional share purchase agreement with TotalEnergies to acquire a 20% interest in the Greater Laggan Area (GLA) producing gas fields and associated infrastructure, it announced on Monday.

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31 Jan 2022 08:44

TotalEnergies sells minority West of Shetland stake to Kistos

TotalEnergies sells minority West of Shetland stake to Kistos

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20 Dec 2021 16:55

Low-carbon investor Kistos eyes possible bid for TotalEnergies assets

Low-carbon investor Kistos eyes possible bid for TotalEnergies assets

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20 Dec 2021 15:11

Berenberg takes a fresh look at Kistos following press reports surrounding TotalEnergies

(Sharecast News) - In a flash note on Monday, analysts at Berenberg noted that Kistos had confirmed press reports published late last week that it was participating in a process through which TotalEnergies hopes to sell interests in certain of its West of Shetland assets.

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20 Dec 2021 15:00

TRADING UPDATES: InnovaDerma sees profit return; ValiRx amends licence

TRADING UPDATES: InnovaDerma sees profit return; ValiRx amends licence

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20 Dec 2021 11:59

Kistos confirms participation in bidding for Total West of Shetland assets

(Sharecast News) - Low-carbon focussed energy producer Kistos confirmed in response to press speculation on Monday that it was participating in a process being run by Total to sell interests in certain of Total's West of Shetland gas assets.

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6 Dec 2021 08:39

Berenberg initiates coverage on Kistos at 'buy'

(Sharecast News) - Analysts at Berenberg initiated coverage on exploration and production outfit Kistos at 'buy' on Monday, stating the firm's portfolio was "ready to bloom".

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