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Pin to quick picksLife Settlemen Share News (LSAA)

Share Price Information for Life Settlemen (LSAA)

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Share Price: 1.70
Bid: 1.55
Ask: 1.85
Change: -0.025 (-1.45%)
Spread: 0.30 (19.355%)
Open: 1.725
High: 1.725
Low: 1.70
Prev. Close: 1.725
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EARNINGS: Metals Exploration gold-boosted interim profit skyrockets

Wed, 27th Sep 2023 14:37

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

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Aquila Energy Efficiency Trust PLC - London-based closed-ended investment company, focusing on small-to-medium-sized energy efficiency projects - Net asset value per share as at June 30 declines to 93.54 pence from 95.23p at December 31. NAV total return is negative 0.5%, swung from positive 0.5% a year prior. Looking ahead, Chair Miriam Greenwood says: "We are now exploring a portfolio sale process which inevitably will take some time given the complexity of the asset portfolio and the board's intention to carefully consider the potential options for realising value for shareholders. As such, it is not possible, at this early stage, to provide further clarity on the timescale for realisation."

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Boston International Holdings PLC - London-based special purpose acquisition company - Pretax loss in the first half of 2023 narrows 27% to GBP196,000 from GBP269,000 a year prior. Generates no revenue in either half-year. Continues to aim to buy an operating business.

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Life Settlement Assets PLC - London-based closed-ended investment company which manages portfolios of whole and fractional interests in life settlement policies issued by life insurance companies operating predominantly in the US - Net asset value per share as at June 30 falls 1.9% to USD2.16 from USD2.21 at December 31. Pretax profit in the six months to June 30 jumps to USD863,000 from USD101,000. Estimates actual to expected ratio of HIV segment at 80% and non-HIV segment at 147%. Actual to expected ratio is linked to the company's total maturities key performance indicators, a key method by which it monitors the level of maturities, with a percentage of 100% matching the actuarial model, over 100% meaning maturities are higher than anticipated, and under 100% meaning maturities are lower than anticipated. Looking ahead, Chair Michael Baines says the company remains focussed on assessing mortality risk in its portfolio. "Controlling costs against the background of the inflationary environment remains a core priority for the board," he says.

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Metals Exploration PLC - Philippines-focused gold producer - Pretax profit in the first half of 2023 ascends to USD37.0 million from USD857,321 a year prior, and is far higher than USD8.7 million recorded for all of 2022. Revenue jumps 55% to USD89.6 million from USD57.6 million a year prior. Cost of sales increase 26% to USD53.7 million from USD42.5 million. Administrative costs decrease 17% to USD4.8 million from USD5.7 million. Sells 46,186 ounces of gold in the six months to June 30, up 51% from 30,676 ounces a year prior. Average gold price of sales increases 3.2% to USD1,939 per ounce from USD1,878. Gold grade of mined ores are 1.59 grams of gold per tonne, improved from 1.10 grams of gold per tonne a year before. Expects to produce between 78,000 and 81,000 ounces of gold in 2023, up at least 7.5% from 72,537 ounces in 2022.

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Panther Securities PLC - London-based property investor - Pretax profit in the first half of 2023 falls 34% to GBP8.8 million from GBP13.3 million a year prior. Revenue grows to GBP6.7 million from GBP6.4 million. Finance costs regarding interests however increase to GBP2.6 million from GBP1.4 million. Maintains interim dividend at 6 pence per share and aims to maintain full year dividend of 12p. Looking ahead, Chair Andrew Perloff says: "We are in a strong position to take advantage

of any exciting opportunities that become available which the current economic headwinds might bring to the market."

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Skillcast Group PLC - London-based e-learning software and content company - Pretax loss in the first half of 2023 widens to GBP771,836 from GBP285,188 a year prior. Revenue climbs to GBP5.2 million from GBP4.5 million. Cost of sales however increase to GBP1.7 million from GBP1.4 million, and administrative costs increase to GBP4.3 million from GBP3.4 million. Maintains interim dividend at 0.168 pence per share. Looking ahead, Chief Executive Officer Vivek Dodd says: "Trading in the second half of the year has started well, and the sales pipeline remains strong."

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Surface Transforms PLC - Liverpool-based maker of carbon‐ceramic material automotive brake discs - Pretax loss in the six months to June 30 widens to GBP5.5 million from GBP2.5 million a year prior. Revenue climbs to GBP3.3 million from GBP2.9 million. Total administrative expenses however increase to GBP6.6 million from GBP4.2 million. Company notes that the first half of 2023 was "operationally challenging". Looking ahead, says it has continued to invest to reach a GBP50 million sales capacity in 2024 and GBP75 million in 2025.

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By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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20 Dec 2023 20:00

TRADING UPDATES: K3 Business says cash balances ahead of forecast

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

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28 Apr 2023 15:35

EARNINGS SUMMARY: DP Aircraft profit swing, Chesterfield loss widens

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

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5 Apr 2023 17:02

Life Settlement says Acheron completes USD24 million policies deal

(Alliance News) - Life Settlement Assets PLC on Wednesday said Acheron Portfolio Trust completed the USD24 million acquisition of life policies from Mutual Benefits Keep Policy Trust, while providing an update on its maturities aggregate value and net asset value.

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6 Mar 2023 11:31

Life Settlement says USD24 million portfolio sale to Acheron approved

(Alliance News) - Life Settlement Assets PLC on Monday said a US federal district court judge approved the magistrate's report on the sale of a USD24 million portfolio of life policies to Acheron Portfolio Trust.

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2 Feb 2023 22:01

TRADING UPDATES: Dillistone sees revenue growth; Petro plans fundraise

(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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30 Dec 2022 16:00

Life Settlement secures court date for sale of policy portfolio

(Alliance News) - Life Settlement Assets PLC on Friday said that the court hearing for the sale of its life policies to Acheron Portfolio Trust is to be heard on January 26, 2023.

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5 Dec 2022 21:40

TRADING UPDATES: Sancus returns GBP1.6 million; Versarien's UK loan

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

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28 Sep 2022 14:38

EARNINGS UPDATES: Kefi tips bright outlook; Keras bets on Togo license

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

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1 Jul 2022 21:53

TRADING UPDATES: Scotgems to vote on liquidation; Mkango names new CFO

(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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22 Apr 2022 12:20

IN BRIEF: Life Settlement Assets in annual net asset value increase

Life Settlement Assets PLC - London-based investment trust focused on the United States - Posts higher annual net asset value. It rises by 9.0% to USD2.19 per share at the end of 2021, from USD2.01 the year before. Year-end net asset value climbs by 9.1% to USD109.3 million from USD100.2 million. The trust swings to a pretax profit of USD14.5 million from a loss of USD6.8 million in 2020. The company has no stated dividend target, it explains. Outlook for the life settlement industry "continues to remain positive with an increasing global interest in the sector," Life Settlement adds.

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