focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNostrum Oil&gas Share News (NOG)

Share Price Information for Nostrum Oil&gas (NOG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 5.52
Bid: 5.22
Ask: 6.06
Change: 0.00 (0.00%)
Spread: 0.84 (16.092%)
Open: 5.52
High: 0.00
Low: 0.00
Prev. Close: 5.52
NOG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EARNINGS AND TRADING UPDATES: Oryx swings to profit on investments

Tue, 21st Nov 2023 18:19

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

----------

Accsys Technologies PLC - London-based wood building products manufacturer - Says placing and subscription of new shares will raise gross proceeds of around 34.2 million. Places 19.1 million new shares at 69.35 euro cents each to raise about EUR13.2 million. Current share price in Amsterdam is 71 euro cents. Further, issuance of convertible loan notes will raise about EUR21 million gross, of which EUR11 million is new money for Accsys. Expects admission of shares at Euronext Amsterdam to become effective Thursday.

----------

Conygar Investment Co PLC - London-based property investor and developer - Net asset value as at September 30 was 159.4 pence per share, down 24% from 208.9p a year prior. Declares no dividend, unchanged. Says outlook for UK economy has improved, with interest rates nearing their peak and inflation expected to fall. Chair Nigel Hamway says: "We are acutely aware of the impact that continuing economic and political uncertainty is having on the real estate sector and intend to maintain a disciplined approach to both our cash commitments and financial leverage to ensure our balance sheet remains robust." He adds that supply shortages are likely to support improved pricing.

----------

Dunelm Group PLC - Leicester, England-based home furnishings retailer - Chief Executive Officer Nick Wilkinson buys 10,843 shares at GBP10.91 each on Monday, for a total of GBP118,297.

----------

Marble Point Loan Financing Ltd - closed-ended investment company focused on dollar-denominated, broadly syndicated floating rate senior secured corporate loans - NAV per share as at September 30 is USD0.55, unchanged from December 31.

----------

Nostrum Oil & Gas PLC - Kazakhstan-focused oil and gas development, production and exploration company - In the three months to September 30, pretax loss widens 42% to USD24.7 million from USD17.3 million a year prior. Revenue falls 25% to USD36.0 million from USD47.7 million. Looking ahead, expects to continue until at least the end of 2024. "The group monitors on an ongoing basis its liquidity position, near-term forecasts, and key financial ratios to ensure that sufficient funds are available to meet its commitments as they arise and liabilities as they fall due," Nostrum Oil says.

----------

Oryx International Growth Fund Ltd - Guernsey-based investment fund - In the half-year that ended on September 30, NAV per share grows 7.0% to 220.88p from 206.43p at March 31. Swings to pretax profit of GBP14.5 million from a loss of GBP32.0 million a year prior. Income turns to positive GBP16.1 million from negative GBP30.5 million. Notably, reports net unrealised losses on revaluation of investments of GBP1.9 million, narrowed sharply from GBP34.2 million a year prior. Further, net realised gains on investments multiply to GBP15.2 million from GBP1.9 million. Looking ahead, Oryx says: "The market outlook remains underwhelming in the face of continued outflows from UK equities, a dearth of IPO's and increasing geopolitical and macroeconomic risk. On the positive side, as evidenced in our report, there has been continued interest in the acquisition of UK companies from overseas buyers and larger domestic competitors. This has created significant outperformance in the portfolio and we believe that several of our remaining holdings contain attractive assets to a potential buyer."

----------

Trifast PLC - Uckfield, England-based industrial fastenings firm - In the six months to September 30, pretax profit falls 33% to GBP2.0 million from GBP3.0 million a year ago. Noting lower demand in the distribution, general industrial and health & home sectors, revenue declines 2.2% to GBP117.6 million from GBP120.2 million. Cost of sales decrease 3.7% to GBP87.4 million from GBP90.7 million. Declares 0.60p per share dividend, down 20% from 0.75p a year prior. Looking ahead, Trifast says: "Macroeconomic environment will continue to put pressure on short-term trading especially in Asia. However, we are confident in our pipeline and self-help initiatives. The contract wins in the period are up from prior period, reflecting increased market share especially in the light vehicle sector. We are expecting the light and heavy vehicle sector wins to have a phased implementation with some starting production in Q4 of this financial year."

----------

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
10 Mar 2023 12:13

Nostrum acquires 80% interest in Positive Invest in West Kazakhstan

(Alliance News) - Nostrum Oil & Gas PLC said on Friday it had agreed to acquire 80% of Positive Invest LLC for USD20 million.

Read more
16 Feb 2023 10:26

IN BRIEF: ICU Holdings stake in Nostrum Oil falls to 2.7% from 24%

Nostrum Oil & Gas PLC - exploration and production in pre-Caspian Basin - The stake held by ICU Holdings Ltd falls to 2.7% from 23.8%, due to dilution from a share issue. ICU holds 4.4 million voting rights. Previously, Nostrum said the stake held by Tengri Partners (Kazakhstan) LLP had fallen to 2.0% from 20.3%, for the same reason. Tengri holds 3.8 million voting rights. Also said the stake held by Dehus Dolmen Nominees fell to 1.8% from 16.2%. Tengri holds 3.8 million voting rights.

Read more
15 Feb 2023 12:25

IN BRIEF: Dehus Dolmen stake in Nostrum Oil falls to 1.8% from 16%

Nostrum Oil & Gas PLC - exploration and production in pre-Caspian Basin - The stake held by Dehus Dolmen Nominees Ltd falls to 1.8% from 16.2%, due to dilution from a share issue. Dehus holds 3.0 million voting rights. Previously, Nostrum said the stake held by Tengri Partners (Kazakhstan) LLP had fallen to 2.0% from 20.3%, for the same reason. Tengri holds 3.8 million voting rights.

Read more
14 Feb 2023 19:37

IN BRIEF: Nostrum Oil & Gas names new chair as Gupta leaves board

Nostrum Oil & Gas PLC - Independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin - Says Atul Gupta stepped down as executive chair from the board. Appoints Stephen Whyte as independent chair and a non-executive director. Says that Whyte is an experienced FTSE and AIM chair and non-executive director in the global energy sector with experience in Kazakhstan.

Read more
13 Feb 2023 10:22

IN BRIEF: Tengri Partners lowers stake in Nostrum Oil & Gas to 2.0%

Nostrum Oil & Gas PLC - Independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin - Says Tengri Partners (Kazakhstan) LLP has lowered its stake in the company to 2.03% from 20.34%. Tengri now holds 3.8 million voting rights.

Read more
9 Feb 2023 20:21

IN BRIEF: Nostrum Oil & Gas completes restructuring of senior notes

Nostrum Oil & Gas PLC - Amsterdam-headquartered oil and gas company with operations in Kazakhstan - Completes the implementation of the restructuring of its USD725 million 8.0% senior notes due July 2022 and USD400 million 7.0% senior notes due February 2025. This includes the exchange of a portion of its legacy notes debt for the issue of new notes. The new notes comprise USD250 million of new senior secured notes and USD300 million of senior unsecured notes. Further, the conversion of the remainder of the notes debt into shares, as well as the issue of new warrants, it adds.

Read more
6 Feb 2023 20:23

REPEAT: Nostrum says restructuring to be effective on Thursday

(Alliance News) - Nostrum Oil & Gas PLC on Monday said that the restructuring of its senior notes, sub-division of shares and share consolidation will be effective on Thursday.

Read more
6 Feb 2023 20:22

Nostrum Oil & Gas expects restructuring to be effective on Thurday

(Alliance News) - Nostrum Oil & Gas PLC on Monday said that the restructuring of its senior notes, sub-division of shares and share consolidation will be effective on Thursday.

Read more
30 Jan 2023 20:05

TRADING UPDATES: Aterian gains membership; Iconic converts notes

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

Read more
27 Jan 2023 11:37

Nostrum Oil & Gas production drops; no fatalities reported in 2022

(Alliance News) - Nostrum Oil & Gas PLC on Friday said it expects a revenue increase, despite a drop in production.

Read more
20 Jan 2023 19:53

TRADING UPDATES: RM Infrastructure investment manager buys shares

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

Read more
9 Jan 2023 20:41

TRADING UPDATES: Mobile Tornado loses CEO; DeepVerge revenue jumps

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

Read more
22 Nov 2022 21:37

IN BRIEF: Nostrum Oil & Gas sees revenue jump on higher oil prices

Nostrum Oil & Gas PLC - Amsterdam-headquartered oil and gas company with operations in Kazakhstan - In the nine months ended September 30, reports revenue of USD155.5 million, up against USD142.6 million the previous year. Earnings before interest, tax, depreciation and amortisation rise to USD94.9 million from USD84.1 million. Reports an average Brent oil price of USD102.50 per barrel during the period, up from an average price of USD67.90 per barrel the year prior. Daily sales volumes average 12,780 barrels of oil equivalent per day, down from 15,838 bodpd.

Read more
4 Nov 2022 20:38

TRADING UPDATES: SigmaRoc files patent; Griffin restarts operations

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

Read more
28 Oct 2022 14:44

TRADING UPDATES: Nostrum profits of Brent price; Scottish ups dividend

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

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.