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Pin to quick picksLansdowne Oil Share News (LOGP)

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TRADING UPDATES: BWP confident in Bridgewater; MediaZest in loss swing

Fri, 30th Jun 2023 15:59

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

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BWP REIT PLC - real estate investment trust - Reports net asset value per share of 71.0 pence at end of March, compared to deficit of 886.3p at end of September. BWP owns the Bridgewater Place, an office-led mixed use property in central Leeds, England. "The board's confidence about the prospects for Bridgewater Place is unchanged since listing, notwithstanding volatile financial markets," BWP added.

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MediaZest PLC - Surrey-based audiovisual services firm - Revenue for six months ended March 31 falls 25% to GBP1.1 million from GBP1.4 million, which MediaZest puts down to "delays to client projects". Swings to pretax loss of GBP260,000 from profit of GBP40,000. "The board believes the outlook for the remainder of the financial year is encouraging. Projects delayed from the first half of the year have now commenced and some are completed, and that is expected to be reflected in improving financial results in the second half of the financial year," MediaZest says.

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Fandango Holdings PLC - London-based investment company focused on the industrial and services sectors - For the 18 months to February 28, pretax loss amounts to GBP142,000 and investment income totals GBP138,000. Fandango had changed year-end date to end of February from August 31. For year ended August 31, 2021, pretax loss amounted to GBP495,000.

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RentGuarantor Holdings PLC - London-based provider of rent guarantee services in the UK private rental sector - Revenue in 2022 rises 72% to GBP414,078 from GBP241,033, while pretax loss narrows to GBP910,778 from GBP1.5 million. Company says: "The year has not been without its challenges and interest rates have risen rapidly from record lows. Inflation continues to put pressure on household budgets and the marketplace generally. This has caused both landlords and tenants to re-assess their property aspirations but at the same time this has emphasised the need for the company's services across the property rental sector. We have given considerable attention to the adjustments taking place in the market and have carefully managed the risks to our growth strategy. Our cautious but focused approach holds the business in a strong position to meet the economic and regulatory headwinds faced by tenants and landlords alike."

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Calculus VCT PLC - venture capital trust - Net asset value per share at February 28 year-end falls 3.3% to 65.63 pence from 67.90p 12 months prior. Proposes 2.95p final dividend, down 3.6% from 3.06p. "There has been a strong performance across a broad range of the company's qualifying investments, which is particularly encouraging given challenging market conditions," Calculus VCT says. Looking ahead, it has changed its year-end date to March 31. It will next report half-year results for the period to August 31, then subsequently, audited results for the 13 months ending March 31, 2024.

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Lansdowne Oil & Gas PLC - North Celtic Sea-focused oil and gas company - Pretax loss in 2022 widens to GBP364,000 from GBP131,000. Administrative expenses increase to GBP218,000 from GBP82,000. Lansdowne in May received a blow related to the Barryroe field in Ireland. Ireland said the Barryroe lease undertaking would not be granted.

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By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
8 Mar 2024 14:42

IN BRIEF: Lansdowne Oil & Gas shares up on ECT claim update

Lansdowne Oil & Gas - Exploration company with licences in the Irish offshore shelf areas - Says that shareholder will receive an economic benefit relating to their shareholder if the company is successful in its ongoing claim against the Irish government, following its refusal to grant the company a lease undertaking for the Barryoe gas field. In May, the company was informed by the Irish environmental department that the Barryroe lease undertaking would not be granted, after the company had invested USD20 million in the project. Lansdowne is pursuing a claim against the country through the Energy Charter Treaty, an international agreement permitting companies to sue national governments. Lansdowne says that the benefit will be taken from the net proceeds of the ECT claim, after legal and ancillary cost deductions, but notes that there is no guarantee of success.

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26 Feb 2024 14:25

IN BRIEF: Lansdowne appoints lawyers in case against Irish government

Lansdowne Oil & Gas - Oil and gas company focused on licences in the North Celtic Sea - Appoints Mantle Law to lead the company's litigation against the Irish government following its refusal to award Lansdowne a lease undertaking for the Barryoe gas field. In May, the company was informed by the Irish Department of the Environment, Climate & Communications that the Barryroe lease undertaking would not be granted. Lansdowne had invested USD20 million in the project, and is now pursuing a claim against the country through the Energy Charter Treaty, an international agreement permitting companies to sue national governments. Mantle Law has offices in London and Abu Dhabi, and its team consists of "the best dispute and arbitration lawyers in the construction, infrastructure and energy sectors", according to Lansdowne.

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8 Jan 2024 13:54

IN BRIEF: Lansdowne Oil & Gas says claim against Ireland continues

Lansdowne Oil & Gas PLC - North Celtic Sea-focused oil and gas company - Says focus is on progressing its Energy Charter Treaty claim against Ireland following the refusal to award a lease undertaking for the Barryroe oil and gas field, as it believes that an alternative pathway, allowing the development of Barryroe, would deliver greater energy security at lower cost and with lower associated emissions.

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22 Dec 2023 15:50

UK shareholder meetings calendar - next 7 days

Monday 25 December 
no events scheduled 
Tuesday 26 December 
no events scheduled 
Wednesday 27 December 
Tremor International LtdAGM
Thursday 28 December 
ADVFN PLCAGM
Altona Rare Earths PLCAGM
Beximco Pharmaceuticals LtdAGM
Global Petroleum LtdAGM
Visum Technologies PLCAGM
Friday 29 December 
Apollon Formularies PLCAGM
Eco Atlantic Oil & Gas LtdAGM
Genedrive PLCAGM
Goldplat PLCAGM
Lansdowne Oil & Gas PLCGM re capital raise
Marula Mining PLCAGM
Microsaic Systems PLCGM re fundraise
Online Blockchain PLCAGM
Secure Property Development & Investment PLCAGM
SkinBioTherapeutics PLCAGM
Tetragon Financial Group LtdAGM
Woodbois LtdAGM
Zambeef Products PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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7 Dec 2023 14:26

IN BRIEF: Lansdowne Oil & Gas launches new share placing

Lansdowne Oil & Gas PLC - North Celtic Sea-focused oil and gas company - Places 40.0 million firm shares and 160.0 million conditional shares at 0.1 pence each, to raise GBP200,000. Placing of conditional shares depends on passing "certain resolutions" at upcoming general meeting on December 29. Company will use proceeds to meet expected working capital requirements through to the end of June 2024. It was designated an AIM Rule 15 cash shell on September 20, and must achieve a reverse takeover by March 20.

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28 Sep 2023 14:24

EARNINGS: Dar Global profit multiplies, Hemogenyx loss widens

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

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20 Sep 2023 14:37

TRADING UPDATES: Capital inks contract; Lansdowne becomes cash shell

(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 more
19 Sep 2023 17:26

TRADING UPDATES: Tekcapital's portfolio company seals joint venture

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

Read more
18 Aug 2023 15:27

Lansdowne Oil & Gas risks becoming cash shell by mid-September

(Alliance News) - Lansdowne Oil & Gas PLC on Friday provided an update on the arbitration process regarding the Barryroe lease undertaking application, saying if a decision is not awarded soon it could become a cash shell.

Read more
2 Aug 2023 15:47

UK shareholder meetings calendar - next 7 days

Thursday 3 August 
Caffyns PLCAGM
Distil PLCAGM
Edenville Energy PLCAGM
Future PLCGM re authorising the company to buy back up to 10% of shares
Investec PLC and LtdAGM
Landore Resources LtdEGM re dual-listing in Canada
Ukrproduct Group LtdAGM
Friday 4 August 
East Imperial PLCGM re issue of 2025 convertible loan notes
Myanmar Investments International LtdAGM
Network International Holdings PLCGM and court meeting re takeover by Brookfield Asset Management Ltd
Telecom Plus PLCAGM
Monday 7 August 
Milton Capital PLCAGM
Revolution Beauty Group PLCGM re current directors removal
Tuesday 8 August 
APQ Global LtdAGM
Custodian Property Income REIT PLCAGM
Wednesday 9 August 
Braemar PLCAGM
CML Microsystems PLCAGM
D4t4 Solutions PLCAGM
daVictus PLCAGM
Foresight Group Holdings LtdAGM
Lansdowne Oil & Gas PLCAGM
Mountview Estates PLCAGM
Scirocco Energy PLCAGM
Tatton Asset Management PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
20 Jul 2023 13:32

Lansdowne Oil & Gas raises GBP200,000 for short term funding

(Alliance News) - Lansdowne Oil & Gas PLC on Thursday said it has raised GBP200,000 through a placing of 200.0 million new shares at 0.1 pence each.

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28 Jun 2023 18:37

TRADING UPDATES: Lansdowne Oil & Gas seeks talks over Barryroe dispute

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

Read more
19 Jun 2023 14:21

Barryroe Offshore Energy plans to wind down business; shares suspended

(Alliance News) - Barryroe Offshore Energy PLC shares were suspended on Monday, after it said it intends to wind down the company through a creditors voluntary liquidation.

Read more
8 Jun 2023 19:12

REPEAT: Barryroe Offshore warns three weeks of working capital left

(Alliance News) - Barryroe Offshore Energy PLC on Thursday said it has EUR176,000 left in its coffers, which amounts to about three weeks of working capital.

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