The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMosman Oil Gas Share News (MSMN)

Share Price Information for Mosman Oil Gas (MSMN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.0215
Bid: 0.02
Ask: 0.023
Change: 0.00 (0.00%)
Spread: 0.003 (15.00%)
Open: 0.0215
High: 0.023
Low: 0.0215
Prev. Close: 0.0215
MSMN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: Impellam and Maintel in profit; Curtis Banks prospers

Thu, 31st Mar 2022 13:04

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

----------

Impellam Group PLC - Luton, England-based recruiter - Swings to pretax profit of GBP15.4 million in 2021 from loss of GBP20.4 million in 2020, with a strong recovery from the UK & Europe, and a more muted increase from Asia Pacific, which was hampered by prolonged lockdowns. Revenue increases 13% to GBP2.26 billion from GBP2.00 billion, through a rapid increase in demand across all regions. Revenue also exceeds pre-pandemic figure of GBP2.25 billion. Declares no dividend for the year, in line with 2020. Looking ahead, Impellam makes a positive start to 2022, but events in Ukraine and resulting geopolitical instability has made the outlook uncertain.

----------

Maintel Holdings PLC - London-based cloud and managed service specialist - For 2021, swings to pretax profit of GBP5.2 million from a loss of GBP2.2 million in 2020, as a reduction in administrative expenses more than offsets a 2.3% decline in revenue to GBP103.9 million from GBP106.4 million. Revenue is hurt by declines from Maintel's Mobile division due to fewer customers and from Managed Services & Technology on a decline of legacy PBX and contact centre markets. Declares no dividend due to uncertainty, in line with the year before.

----------

Curtis Banks Group PLC - Bristol-based provider of self-invested personal pensions - Pretax profit increases 22% to GBP9.3 million in 2021 from GBP7.6 million in 2020, on revenue growth of 18% to GBP63.3 million from GBP53.9 million. This is driven by a full-year contribution from acquisitions Talbot & Muir and Dunstan Thomas, in addition to growth from the self-invested personal pensions business. As at December 31, assets under administration increases 15% year-on-year to GBP37.4 billion from GBP32.4 billion. Proposes final dividend of 6.5 pence per share, bringing total 2021 payout to 9.0p, in line with 2020.

----------

Proteome Sciences PLC - drug development services provider - For 2021, pretax profit falls 52% to GBP118,000 from GBP245,000 due to a rise in administrative costs through investments in new staff and a share-based payment charge of GBP570,000. This is despite an 6.2% rise in revenue to GBP5.1 million from GBP4.8 million, mainly on growth from the Services business on higher orders. Looking ahead, a strong order book gives the company confidence on an increase in profit and revenue for 2022, noting high demand for Services in the final quarter of 2021.

----------

Mosman Oil & Gas Ltd - Sydney-based oil and gas company - For the six months ended December 31, pretax loss narrows to AUD498,940, around USD373,151 from AUD708,822 a year prior, on revenue that increases 95% to AUD745,790 from AUD383,138. Net production by Mosman rises 43% to 17,344 barrels of oil equivalent, on an uplift in output from existing projects, the acquisition of Nadsoilco LLC and a higher interest in Falcon-1 in East Texas.

----------

Nippon Active Value Fund PLC - Japan-focused investment firm - As at December 31, net asset value per share increases 21% to 137.90 pence from 113.58p the same date a year before. For 2021, NAV total return per share is 22%, outperforming the MSCI Japan Small Cap Index, which suffered a negative return of 1.4%. Declares dividend of 1.95 pence per share, more than doubled from 0.85p a year prior.

----------

Pantheon Resources PLC - London-based oil and gas company focused on Alaska - For the six months ended December 31, pretax loss widens to USD5.9 million from USD4.1 million in the same period a year prior, due to rising costs for administration and share options. During the year, the company completes the testing of Talitha A well, with flow testing achieving pre-drill objectives and confirming the presence of high quality, light oil within targeted horizons.

----------

Pressure Technologies PLC - Sheffield, England-based engineering firm - Due to increasing order book, it is confident in meeting market expectations for its current financial year ending October 2. Order book for Chesterfield Special Cylinders reaches its highest level in over five years, due to the rise in order intake for high-value defence contracts in the first half of the year. Order book for Precision Machined Components has encouraging in intake levels, despite challenging oil and gas market conditions.

----------

Aukett Swanke Group PLC - London-based architect - For the financial year that ended September 30, pretax loss widens to GBP1.5 million from GBP46,000, as revenue including sub-consultant costs drop 22% to GBP8.8 million from GBP11.3 million, with the continued effect of the pandemic causing uncertainty in decision-making and inevitable delays. Looking ahead the company is considering several structural and geographic options to stabilise its underlying financial position.

----------

Windward Ltd - Tel Aviv-based artificial intelligence software provider for the maritime industry - For 2021, loss widens to USD13.1 million from USD4.0 million, due to higher costs across the board, as well as one-off expenses from its stock market listing in December. Revenue grows 19% to USD17.4 million from USD14.6 million. Annual contract value jumps by 39% to USD21.2 million from USD15.3 million, amid a sharp rise in customer numbers to 80 from 45. Looking ahead, positive trading has continued in 2022, and there is increased demand for products and technology in all areas.

----------

Eleco PLC - London-based architecture and construction software - For 2021, pretax profit remains flat at GBP3.9 million, in spite of revenue rising 8.3% to GBP27.3 million from GBP25.2 million on higher licence sales and the introduction of subscription-based pricing to new Building Lifecycle customers. Recurring revenue increases 9% to GBP15.4 million, 56% of total revenue. Declares final dividend of 0.40 pence per share, bringing total payout to 0.6p, up from 0.4p in 2020.

----------

Agriterra Ltd - Guernsey-based agricultural sector investor - For the financial year ending March 31, in the Grain division, sales have fallen below management expectations. This is due to an excessive volume of maize being imported from Malawi and Zambia, leading to supply being far greater than demand and causing a fall in prices. Beef suffered a reduction in demand between March and April 2021; however sales and value of meat rose in the second half of the year.

----------

Gattaca PLC - Hampshire, England-based engineering and technology recruitment firm - For the six months ended January 31, pretax loss widens to GBP2.5 million from GBP300,000 a year before, on higher administrative costs through the company's investment in staff headcount and reward. Revenue declines 1.3% to GBP202.2 million from GBP204.8 million. Declares no dividend, in line with year prior, as the board continues to target sustainable levels of profitability.

----------

Sportech PLC - London-based betting technology company - For 2021, pretax loss narrows sharply to GBP246,000 from GBP11.9 million on reduced costs and a 32% increase in revenue to GBP22.9 million from GBP17.3 million, the year before being hurt considerably by strict Covid-19 restrictions. Looking ahead, expects the pandemic to peter out, and the company will remain focused on exploring new opportunities in the US state of Connecticut.

----------

Mobile Tornado Group PLC - Harrogate, England-based communications company - For 2021, pretax loss narrows to GBP861,000 from GBP1.4 million in 2020, on a 4.0% increase in revenue to GBP2.6 million from GBP2.5 million, in spite of the pandemic greatly constraining business activities. Looking ahead, notes promising business activity over the first quarter of 2022.

----------

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
29 Nov 2023 14:30

EARNINGS AND TRADING: Northern Bear boosts profit, Esken loss widens

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

Read more
8 Nov 2023 15:25

Mosman Oil & Gas revenue ticks up despite "challenging" year

(Alliance News) - Mosman Oil & Gas Ltd on Wednesday said its loss narrowed and revenue ticked up, despite a "challenging" year..

Read more
6 Nov 2023 12:04

LONDON MARKET MIDDAY: Tepid start to new week as investors take stock

(Alliance News) - London's FTSE 100 drifted marginally lower heading into Monday afternoon in uncertain trade as investors reassess the near-term outlook for equity markets after a bullish week for stocks last week.

Read more
6 Nov 2023 11:36

Mosman Oil & Gas production down as Cinnabar and Stanley fall short

(Alliance News) - Mosman Oil & Gas Ltd on Monday said production fell in the third quarter as low production from its Cinnabar and Stanley wells dragged the figures downward.

Read more
16 Oct 2023 11:27

IN BRIEF: Mosman shares surge on Greenvale farm-in agreement

Mosman Oil & Gas Ltd - Sydney-based, Australia and US-focused oil and gas company - Signs farm-in agreement with Greenvale Energy Ltd subsidiary Greenvale Gold Pty Ltd, to fund seismic and drilling on Mosman's EP 145 project in Australia's Northern Territory. Mosman will retain a 25% working interest in EP 145, while Greenvale will earn a 75% interest. Greenvale will pay AUD160,000 cash within five days of completion, and fund the project's Year 3 and Year 4 Work Programs.

Read more
7 Sep 2023 13:59

Mosman Oil & Gas shares jump as transfers Falcon exploration lease

(Alliance News) - Mosman Oil & Gas Ltd shares jumped on Thursday, after it said it has completed an evaluation on further workovers at Falcon-1 in the US, which has been shut in this year, and determined not to invest additional resources in this project.

Read more
6 Sep 2023 18:01

Mosman Oil & Gas reports to Australia local government on EP 145 block

(Alliance News) - Mosman Oil & Gas Ltd on Wednesday said it has lodged a report with the Northern Territory government in Australia on the third year of its exploration block EP 145 in the Amadeus basin.

Read more
4 Sep 2023 11:32

Mosman Oil & Gas loses chair Barr and non-executive director Young

(Alliance News) - Mosman Oil & Gas Ltd on Monday said John Barr will depart as chair at the end of the month, as the company also provided an update on its business plan.

Read more
11 Aug 2023 15:08

Mosman puts fall in production down to US operational challenges

(Sharecast News) - Energy explorer, developer and producer Mosman Oil and Gas updated the market on its production for the year ended 30 June on Friday, and on its ongoing developments in the United States.

Read more
11 Aug 2023 09:54

IN BRIEF: Mosman Oil & Gas annual net production falls following halt

Mosman Oil & Gas Ltd - Sydney-based oil and gas company, with projects in Australia and the US - Says for the year ended June 30, net production fell by 18% to 31,067 barrels of oil equivalent from 37,915 barrels of oil equivalent a year prior, due to a halt in production at the Falcon-1 well in east Texas due to water ingress. Total gross project production grew by 6.2% to 86,933 barrels of oil equivalent from 81,876 barrels of oil equivalent the year before.

Read more
17 Jul 2023 19:35

Mosman Oil & Gas confirms details of EP 145 heads of agreement

(Alliance News) - Mosman Oil & Gas Ltd on Monday provided investors with further details on a potential partnership for helium production.

Read more
17 Jul 2023 16:36

Mosman confirms details of tentative helium agreement

(Sharecast News) - Explorer and producer Mosman Oil and Gas confirmed a potential partnership for helium production in Australia's Amadeus Basin on Monday.

Read more
13 Jul 2023 15:46

Mosman Oil & Gas shares down on GBP300,000 discounted placing

(Alliance News) - Mosman Oil & Gas Ltd on Thursday said it has raised GBP300,000 through a placing of 857.1 million new shares at a price of 0.035 pence per share.

Read more
6 Jun 2023 10:58

IN BRIEF: Mosman Oil production down in US but in line with estimates

Mosman Oil & Gas Ltd - New South Wales, Australia-based oil exploration, development and production company with operations in Australia and the US - Says US output continuing in line with internal estimates. Gross production at all US sites in April was 6,915 barrels of oil equivalent and 2,936 barrels net to Mosman. Gross production daily average was 232 barrels of oil equivalent per day, while net daily average was 101 barrels per day. Net production daily average was down 24% from 133 barrels per day. Mosman attributes this to workovers at First Wilcox zone at Cinnabar lease in East Texas, in which it has a 75% working interest. Workover on April 25 isolated First and Second Wilcox zones with a cement retainer; First Wilcox has flowed intermittently since then. Further workovers are planned to optimise production. A lightning strike at Stanley project in early May caused minor loss of production while damaged equipment was replaced. Arkoma stacked pay project in Oklahoma remains for sale. Cash at May 31 was around AUD1.2 million, or roughly USD798,400.

Read more
5 Jun 2023 14:24

IN BRIEF: Mosman Oil & Gas gets government grant for soil sampling

Mosman Oil & Gas Ltd - New South Wales, Australia-based oil exploration, development and production company - Says its application to the Northern Territory Government Geophysics & Drilling Collaborations programme has been successful. Says its subsidiary, Trident Energy Pty Ltd has been awarded a EP 145 grant of 50% of costs capped at AUD50,000, or about GBP26,673 for the targeting of hydrogen and helium using soil sampling to advance exploration activity. Says the target is to determine if hydrogen or helium can be detected at surface. Expects the work to start later this year.

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.