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Pin to quick picksPantheon Res Share News (PANR)

Share Price Information for Pantheon Res (PANR)

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Share Price: 35.20
Bid: 34.95
Ask: 35.30
Change: 1.60 (4.76%)
Spread: 0.35 (1.001%)
Open: 34.40
High: 36.00
Low: 33.85
Prev. Close: 33.60
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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:

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
9 Apr 2024 12:07

Pantheon Resources shares jump on updated independent report

(Sharecast News) - Pantheon Resources shares jumped on Tuesday morning, after it announced the findings of its updated independent expert report (IER).

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9 Apr 2024 10:11

Pantheon Resources up after upgraded estimates for Alaskan project

(Alliance News) - Pantheon Resources PLC on Tuesday said the company is increasingly confident following the conclusions of a report conducted by analysts from Netherland Sewell & Associates Inc.

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TRADING UPDATES: RBG sells Convex; Nexteq eyes share buyback

(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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28 Mar 2024 11:44

Pantheon Resources reports planning and funding progress

(Sharecast News) - Pantheon Resources reported progress in its development planning and funding initiatives in an update on Thursday.

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18 Mar 2024 11:43

Pantheon Resources loss widens as revenue for first half plunges

(Alliance News) - Pantheon Resources PLC on Monday reported that its interim loss widened as its "modest" revenue plummeted.

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5 Mar 2024 18:16

IN BRIEF: Pantheon Resources in talks for potential Alaskan gas supply

Pantheon Resources PLC - Oil and gas company focused on developing the Ahpun and Kodiak fields, onshore US - Notes share price movement. Confirms discussions with shareholders for a potential supply of natural gas to consumers in south central Alaska. Says company's planning basis continues to rely upon reinjection of all hydrocarbons that cannot be exported through the Trans-Alaska pipeline system main oil line.

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22 Jan 2024 14:33

UK shareholder meetings calendar - next 7 days

Tuesday 23 January 
C4X Discovery Holdings PLCAGM
Goldplat PLCAGM reconvened
Marston's PLCAGM
Mitchells & Butlers PLCAGM
Wednesday 24 January 
Botswana Diamonds PLCAGM
Henderson Far East Income LtdAGM
Lowland Investment Co PLCAGM
Pantheon Resources PLCAGM
Tracsis PLCAGM
Thursday 25 January 
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Greencore Group PLCAGM
Henderson European Focus Trust PLCAGM
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Monday 29 January 
Hollywood Bowl Group PLCAGM
Landore Resources LtdEGM re conditional fundraising shares
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
22 Dec 2023 15:50

UK earnings, trading statements calendar - next 7 days

Monday 25 December 
no events scheduled 
Tuesday 26 December 
no events scheduled 
Wednesday 27 December 
no events scheduled 
Thursday 28 December 
no events scheduled 
Friday 29 December 
Pantheon Resources PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
19 Dec 2023 14:38

IN BRIEF: Pantheon Resources annual loss narrows sharply as optimistic

Pantheon Resources PLC - Oil and gas company focused on developing the Ahpun and Kodiak fields, onshore US - Loss narrows to USD1.3 million in the financial year ended June 30 from USD16.0 million a year prior. Reports revenue of USD803,689 compared to none a year ago. Administrative expenses narrow 48% to USD3.9 million from USD7.4 million. Looking ahead, Chief Executive Officer Jay Cheatham says: "We remain laser focused on pursuing our goals for final investment decision on Ahpun by end 2025 and final investment decision on Kodiak by end 2028 and to achieve sustainable market recognition of USD5 to USD10 per barrel of 1P/1C recoverable resources."

Read more
19 Dec 2023 10:08

Pantheon losses narrow in full-year results

(Sharecast News) - Pantheon Resources reported a loss from continuing operations of $1.5m after tax in its final results on Tuesday - a significant improvement from its $13.9m loss year-on-year.

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14 Dec 2023 11:56

IN BRIEF: Pantheon Resources rises on new leases in Alaska

Pantheon Resources PLC - Oil and gas company focused on developing the Ahpun and Kodiak fields, onshore US - Says it has been awarded 66,240 acres of new leases on the North Slope in Alaska. Says it paid USD31.83 per acre, including fees. Leases will officially be awarded by the State of Alaska in around four to six months. Says they will come with a 10-year initial term, an annual rental of USD10 per acre, and royalty rates of around 17% for 20 leases of 28,800 acres and 13% for 26 leases covering 37,440 acres. It already owns 193,000 acres on the North Slope.

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14 Dec 2023 08:27

Pantheon Resources shares jump after project expansion

(Sharecast News) - Shares in Pantheon Resources surged on Thursday after the Alaska-focused oil and gas group secured 66,240 acres of new leases across its Kodiak and Ahpun projects.

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21 Nov 2023 18:34

TRADING UPDATES: PayPoint expands partnership with Yodel and Vinted

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

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14 Nov 2023 21:49

IN BRIEF: Pantheon raises funds to cover convertible bond payments

Pantheon Resources PLC - Oil and gas company focused on developing the Ahpun and Kodiak fields, onshore US - Places around USD4.2 million worth of shares at a price of USD0.26 each, equivalent to 20.8 pence, to long-term investors to increase cash resources. Explains this will allow it to pay December and March convertible bond payments in cash. David Hobbs, executive chair is contributing USD250,000 of this sum. Plans update on corporate strategy on November 2nd & 3rd, 2023. David Hobbs says: "This gives us the breathing space to mature potential vendor and offtaker financing options during the coming weeks and months in order to meet our strategic objective of achieving cashflow self-sufficiency and to seek to minimize possible dilution of value for existing investors. My own commitment to purchase nearly 1 million more shares demonstrates my confidence in the company and its ability to achieve its goals."

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30 Oct 2023 14:15

IN BRIEF: 88 Energy gears up for Phoenix reservoir resource estimate

88 Energy Ltd - Alaska-focused oil and gas company based in Subiaco, Western Australia - Appoints independent consultants Netherland, Sewell & Associates, Inc to conduct a contingent resource estimate on the Basin Floor Fan reservoir at Project Phoenix on Alaska's Central North Slope. News follows Pantheon Resources PLC declaring a significant contingent resource for the Lower BFF reservoir. 88 says BFF was the deepest hydrocarbon-bearing pay zone intersected during drilling and logging of the Hickory-1 exploration well. Says NSAI's assessment, based on results from Hickory-1 and nearby offset wells, may lead to Hickory-1 being confirmed as a discovery. NSAI has starting reviewing and integrating existing data from all reservours.

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