Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMast Energy. Share News (MAST)

Share Price Information for Mast Energy. (MAST)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.135
Bid: 0.13
Ask: 0.14
Change: 0.00 (0.00%)
Spread: 0.01 (7.692%)
Open: 0.135
High: 0.135
Low: 0.135
Prev. Close: 0.135
MAST Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

AIM WINNERS & LOSERS: CMO battles construction sector headwinds

Mon, 08th Jan 2024 10:20

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

----------

AIM - WINNERS

----------

Celebrus Technologies PLC, up 8.6% at 233.51p, 12-month range 155p-242p. The data management platform celebrates several new contract wins in its third quarter ended December 31. The first is a three-year deal with a European retailer of experience gifts, which intends to use the Celebrus Cloud platform to "help drive better engagement with customers [and] build compliant marketing profiles about those customers". This is a new customer. The second is with an existing "global" banking customer, which has renewed its multi-million dollar annual licence for a further three years. The third is with a UK bank, which has signed on for the full Celebrus platform in a three-year multi-million dollar contract. The fourth contract is with a new customer in the US healthcare sector. Says the four contracts reinforce its confidence in meeting market expectations for financial 2024.

----------

AIM - LOSERS

----------

CMO Group PLC, down 13% at 24p, 12-month range 15.45p-29p. The online building materials retailer warns "ongoing economic challenges" to the construction sector will hamper annual results. Sales for 2023 are expected to be broadly in line with expectations at around GBP71.5 million. This represents a 14% drop from revenue of GBP83.1 million in 2022. Adjusted earnings before interest, tax, depreciation and amortisation is expected to be around GBP1.0 million for the full year, halved from GBP2.1 million. CMO attributes these results to an ongoing discretionary consumer spending lull, leading to below average order volume in late 2023. Will release annual results in early May. "With macroeconomic headwinds continuing to impact the construction sector, we proceed with caution for the outlook for full year 2024, but remain confident in our model and strategy to take the business forward, and our ability to deliver profitable progress," says CEO Dean Murray.

----------

Kibo Energy PLC, down 6.7% at 0.035p, 12-month range 0.04p-0.15p. Says subsidiary Mast Energy Developments PLC's partner Proventure Holdings (UK) Ltd still has not made a partial initial interim payment required under their joint venture agreement. Mast is in "advanced" discussions over an alternative source of short-term funding to ensure that any further delays regarding the joint venture agreement "will not unduly" hurt Mast's ability to meet its working capital needs. Proventure failed to transfer of the first GBP1 million payment by no later than December 29. A second payment of GBP1 million is scheduled be transferred by no later than this coming Thursday. The original deadline the interim payment of GBP2.0 million was November 10. Kibo is a Galway, Ireland-based company with energy projects in Africa and UK. It owns 48% of Mast Energy, whose shares are down 16% to 0.40p.

----------

By Elizabeth Winter, Alliance News deputy news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
20 Oct 2021 11:48

IN BRIEF: Mast Energy nets funding for reserve power projects

IN BRIEF: Mast Energy nets funding for reserve power projects

Read more
7 Oct 2021 14:43

TRADING UPDATES: Hardide upbeat on recovery; SIMEC permit delayed

TRADING UPDATES: Hardide upbeat on recovery; SIMEC permit delayed

Read more
1 Oct 2021 11:53

EXECUTIVE CHANGES: Ryanair taps Kingspan CFO; new Informa non-execs

EXECUTIVE CHANGES: Ryanair taps Kingspan CFO; new Informa non-execs

Read more
24 Sep 2021 09:43

Kibo Energy interim loss widens amid strategy shift to green energy

Kibo Energy interim loss widens amid strategy shift to green energy

Read more
2 Sep 2021 13:20

TRADING UPDATES: Sharp profit performance from Gem Diamonds, Headlam

TRADING UPDATES: Sharp profit performance from Gem Diamonds, Headlam

Read more
16 Aug 2021 11:10

Kibo Energy reports Rochdale Power acquisition by MAST Energy

Kibo Energy reports Rochdale Power acquisition by MAST Energy

Read more
12 Aug 2021 12:12

IN BRIEF: Mast Energy buys Pyebridge facility in GBP2.5 million deal

IN BRIEF: Mast Energy buys Pyebridge facility in GBP2.5 million deal

Read more
10 Jun 2021 19:46

TRADING UPDATES: Ergomed and Dekel Agri-Vision earnings growing

TRADING UPDATES: Ergomed and Dekel Agri-Vision earnings growing

Read more
26 May 2021 14:25

TRADING UPDATES: U&I results "disappointing"; Oxford Metrics profit

TRADING UPDATES: U&I results "disappointing"; Oxford Metrics profit

Read more
21 May 2021 09:07

Kibo Energy says Mast's Bordesley reaches construction-ready status

Kibo Energy says Mast's Bordesley reaches construction-ready status

Read more
6 May 2021 19:25

TRADING UPDATES: Superdry optimistic; Virgin Wines toasts demand surge

TRADING UPDATES: Superdry optimistic; Virgin Wines toasts demand surge

Read more
19 Apr 2021 11:52

IN BRIEF: Kibo shares jump on renewable energy strategy progress

IN BRIEF: Kibo shares jump on renewable energy strategy progress

Read more
14 Apr 2021 11:07

SMALL-CAP WINNERS & LOSERS: Mast Energy gains 17% on London debut

SMALL-CAP WINNERS & LOSERS: Mast Energy gains 17% on London debut

Read more
14 Apr 2021 10:26

Mast Energy shares gain 17% on London debut after GBP5.5 million raise

Mast Energy shares gain 17% on London debut after GBP5.5 million raise

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.