The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPetro Matad Share News (MATD)

Share Price Information for Petro Matad (MATD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 3.15
Bid: 3.10
Ask: 3.20
Change: 0.00 (0.00%)
Spread: 0.10 (3.226%)
Open: 3.15
High: 3.15
Low: 3.15
Prev. Close: 3.15
MATD 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: Helium One surges on rig purchase for Rukwa

Mon, 10th Jul 2023 10:26

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

----------

AIM - WINNERS

----------

Helium One Global Ltd, up 43% at 7.28 pence, 12-month range 4.32p-9.3p. The Tanzania-focused helium explorer acquires an Epiroc Predator 220 drilling rig for use at its Rukwa project. Will use the rig to drill the Tai-C well in the third quarter of 2023, and is targeting a spud date in September. Says ownership of the rig means it can quickly move to the appraisal phase after drilling Tai-C, enabling accelerated exploration at its Rukwa, Eyasi and Balangida projects. Doesn't name the seller of the rig, nor say how much it paid for it. On Friday, the firm had issued its drilling contractor with a rectification notice, amid continuing concerns about the lack of operational and contractual progress regarding its letter of intent. It had said it was reviewing and progressing a number of "alternative options".

----------

Knights Group Holdings PLC, up 6.0% at 67.64p, 12-month range 60.45p-142p. The legal and professional services firm posts double digit annual growth, alongside a cheery outlook. For the financial year ended April 30, pretax rises 19% year-on-year to GBP21.6 million from GBP1.1 million, while revenue rises 13% to GBP142.1 million from GBP125.6 million. While revenue growth is largely the result of recent acquisitions, the firm expects a return to organic growth in financial 2024. Cites a strong start to the year, despite ongoing macroeconomic uncertainty. "We remain confident in our strategy and our ability to deliver profitable, cash generative growth," says CEO David Beech.

----------

AIM - LOSERS

----------

Totally PLC, down 22% at 13.2p, 12-month range 12.2p-48p. The frontline healthcare services provider reports annual results for the financial year ended March 31, guiding for a weaker revenue performance in the year ahead. Revenue rises 6.5% year-on-year to GBP135.7 million from GBP127.4 million, while pretax profit jumps 42% to GBP1.8 million from GBP1.2 million. It proposes a final dividend of 0.125 pence, bringing the annual total to 0.625p, down from 1.00p a year before. However, expects revenue in the current financial year to be lower, with earnings before interest, tax, depreciation and amortisation to be "marginally below" the previous year. This reflects "increasingly challenging operating conditions", as well as "improved margins driven by higher volumes in elective care". "The board are confident that the actions and strategy put in place over the past 12 months will ensure the company remains in a strong position to continue to grow significantly over the coming years," it says.

----------

Petro Matad Ltd, down 15% at 4.13p, 12-month range 1.6p-7.1p. The Douglas, Isle of Man-based petroleum exploration company says the Velociraptor-1 exploration well in the Taats Basin of Block V located in central Mongolia reached a total depth of 1,500 metres with wireline logging completed. However, all the reservoirs encountered were water bearing, the company says. The well will now be plugged and abandoned. The results are "obviously disappointing", says CEO Mike Buck, but "such high impact targets, drillable at modest well cost cannot be ignored when exploring frontier area".

----------

By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
17 Jul 2015 12:04

Petro Matad appoints new chairman and CEO

(ShareCast News) - Petro Matad has announced the appointment of a new chairman and chief executive. Ms Enkhmaa Davaanyam will be non-executive, non-independent chairperson and Mr Ridvan Karpuz will become chief executive officer of the company. Davaanyam's appointment is effective 1 August, while Ka

Read more
17 Jul 2015 07:25

Petro Matad Appoints New Chairman And Chief Executive

Read more
29 Jun 2015 09:07

Petro Matad Loss Narrows, First BG Group Well Pushed Back To 2016

Read more
22 Jun 2015 07:18

Petro Matad Gets First Funds From BG Group Farm-Out Agreement

Read more
11 Jun 2015 13:45

Petro Matad receives government's approval for farm-out in Mongolia

Petro Matad, a petroleum explorer based in Mongolia, has received government approval for the farm-out to BG Group for a 78% interest in its interests in blocks IV and V in central Mongolia. The firm still requires with one further condition to be satisfied by BG Group, after which it will release a

Read more
11 Jun 2015 09:42

Petro Matad Receives Mongolian Approval For Farm-Out To BG Group

Read more
17 Apr 2015 11:48

DIRECTOR DEALINGS SUMMARY: Telecom Plus Directors Buy After Warning

Read more
13 Apr 2015 13:34

DIRECTOR DEALINGS: Petro Matad Non-Executive Buys 70,000 Shares

Read more
7 Apr 2015 16:51

BG Group rises following farm-in agreement in Mongolia

Shares in BG Group jumped on Tuesday thanks to the oil market recovery and the acquisition of Mongolian assets. Oil market benchmarks recovered following declines in pre-Easter trading as Iranian nuclear talks ended in a settlement. The natural gas company entered into an agreement with Petro Matad

Read more
7 Apr 2015 10:18

Petro Matad, BG Group Partner Up In Two Blocks In Central Mongolia

Read more
16 Mar 2015 12:39

Petro Matad Says In Talks With Farm-Out Partner, As Shares Rise

Read more
22 Sep 2014 10:08

Petro Matad Loss Narrows As Costs, Spending Decline

Read more
30 Jun 2014 12:05

UK MIDDAY BRIEFING: BAE Systems Deepens Saudi Partnership

Read more
30 Jun 2014 11:20

UK WINNERS & LOSERS: Gowin New Energy Doubles As China Goes Green

Read more
30 Jun 2014 10:40

Petro Matad Loss Narrows But Search For Farm-Out Partners Goes On

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.