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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: 31.35
Bid: 31.25
Ask: 32.45
Change: -1.30 (-3.98%)
Spread: 1.20 (3.84%)
Open: 33.00
High: 33.45
Low: 31.20
Prev. Close: 32.65
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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
8 Apr 2022 14:33

IN BRIEF: 88 Energy rises after positive mapping result at Icewine

88 Energy Ltd - Australia-based oil explorer in US state of Alaska - Says the completed third party preliminary mapping of the Shelf Margin Delta play, where its "neighbour" Pantheon Resource has had success in recent months, indicates that all play fairways extend into its Icewine project. Says that Pantheon confirmed reservoir deliverability of light, sweet oil, which is positive for the prospectivity of the adjacent Icewine acreage. Says the completion of the independent resource update for project Icewine is scheduled for the second quarter.

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31 Mar 2022 13:27

Pantheon Resources reports wider losses as testing continues

(Sharecast News) - Alaskan North Slope-focussed oil and gas explorer and producer Pantheon Resources reported a loss of $4.4m for its first half on Thursday, widening from $3m year-on-year.

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24 Mar 2022 12:37

Pantheon upbeat on latest work at Theta West

(Sharecast News) - Alaska North Slope-focussed oil and gas company Pantheon Resources updated the market on work at Theta West on Thursday, reporting that testing of the Lower Basin Floor Fan (LBFF) had started. with the well flowing "high quality oil" to the surface.

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24 Mar 2022 12:07

IN BRIEF: Pantheon Resources rises on good test results at Theta West

Pantheon Resources PLC - London-based oil and has company focused on Alaska - Says that testing of the lower basin floor fan at its Theta West 1 well has started. Says that the well is flowing high-quality oil to the surface that likely exceeds its pre-drill resource estimates of 1.2 billion barrels of oil. Notes that the well delivered oil at rates that averaged over 57 barrels of oil per day with peak rates exceeding 100 barrels of oil per day over 2 and a half days. Over the final day before the shut-in, the well was averaging approximately 59 barrels of oil per day.

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4 Mar 2022 21:44

TRADING UPDATES: Resolute Mining ups mine life and mineral resources

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

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23 Feb 2022 21:37

IN BRIEF: Pantheon Resources reports positive results at Talitha A

Pantheon Resources PLC - London-based oil and has company focused on Alaska - Completed flow testing operations on at Talitha A on Monday. The company perforated two separate five foot intervals at 8,160 to 8,165 feet and 7,855 to 7,860 feet. The two intervals were stimulated and flow tested together, producing 35 to 38 degree American Petroleum Institute oil and averaging 45 barrels of oil per day over a three day test period.

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21 Feb 2022 09:52

Pantheon upbeat on latest flow testing on North Slope

(Sharecast News) - Alaska North Slope-focussed oil and gas company Pantheon Resources updated the market on its operations on Monday, announcing that flow testing operations were complete on the Slope Fan System (SFS) - a Brookian-aged horizon - at Talitha A.

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18 Feb 2022 19:39

IN BRIEF: Pantheon Resources issues shares following loan conversion

Pantheon Resources PLC - London-based oil and gas company with a portfolio focused in Alaska - Issues 1.9 million shares following notice of conversion in respect of USD2 million of the USD55 million unsecured convertible bond.

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15 Feb 2022 22:16

TRADING UPDATES: Tullow faces Norway charge; Light Science wins grant

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

Read more
15 Feb 2022 09:29

Pantheon Resources rises on latest North Slope work

(Sharecast News) - Alaska North Slope-focussed oil and gas company Pantheon Resources said in an update on Tuesday that Theta West 1 had reached total depth at 8,450 feet, having drilled through both the Upper and Lower Basin Floor Fan target horizons, encountering around 1,160 gross feet of oil-bearing reservoir across both.

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7 Feb 2022 11:25

AIM WINNERS & LOSERS: Pantheon Resources rises on Talitha flow rates

AIM WINNERS & LOSERS: Pantheon Resources rises on Talitha flow rates

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7 Feb 2022 11:15

Pantheon Resources jumps on positive results at Talitha A in Alaska

Pantheon Resources jumps on positive results at Talitha A in Alaska

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7 Feb 2022 08:41

Pantheon Resources rockets on latest North Slope testing

(Sharecast News) - Alaskan North Slope-focussed oil and gas company Pantheon Resources updated the market on flow testing at Talitha A on Monday, confirming that testing was now complete on the Lower Basin Floor Fan (BFF) - a Brookian-aged horizon.

Read more
24 Jan 2022 11:27

IN BRIEF: Pantheon Resources spuds Theta West 1 well in Alaska

IN BRIEF: Pantheon Resources spuds Theta West 1 well in Alaska

Read more

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