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Pin to quick picksRiverstone Cred Share News (RCOI)

Share Price Information for Riverstone Cred (RCOI)

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Share Price: 0.935
Bid: 0.92
Ask: 0.95
Change: 0.00 (0.00%)
Spread: 0.03 (3.261%)
Open: 0.935
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Prev. Close: 0.935
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Riverstone Credit Opportunities Income is an Investment Trust

To generate consistent shareholder returns predominantly in the form of income distributions principally by making senior secured loans to energy-related businesses.

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EARNINGS: Riverstone Credit stays stable, Bloomsbury hails record half

Thu, 26th Oct 2023 18:12

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

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Riverstone Credit Opportunities Income PLC - London-based energy infrastructure and energy transition credit investor - Net asset value at September 30 was USD1.07, unchanged from June 30. Says this stability was due to continued strong portfolio performance during the third quarter of 2023, and that as of September 30 it is nearly fully invested based on the revolving credit facility added in the fourth quarter last year and on current portfolio commitments. Riverstone Credit says it remains extremely well positioned due to its portfolio of accredited energy-transition focused investments through green or sustainability-linked structured loans. Notes "backdrop of strong energy market performance, the global focus on decarbonisation and the company's unique focus on short duration lending."

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Bloomsbury Publishing PLC - London-based publisher - Pretax profit for the half year ended August 31 was up 8% to GBP14.0 million from GBP12.9 million the year before. Says revenue increased 11% to GBP136.7 million from GBP122.9 million, and diluted earnings per share rose 11% to 13.66 pence from 12.30p. Consumer revenue grew 17% to GBP89.4 million, Adult Trade revenue rose 8% to GBP27.6 million and Children's Trade revenue grew 22% to GBP61.7 million. Declares interim dividend of 3.70p per share, more than double 1.41p the prior year. Cash at August 31 totalled GBP39.1 million, down from GBP41.5 million on the same day in 2022. Says it is confident it will achieve market expectations for the year ending February 29 2024, meaning revenue of GBP273.1 million and profit before tax and "highlighted items" of GBP32.5 million.

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Schroder Income Growth Fund PLC - UK-based investment company - Lifts dividend for the year ended August 31 by 4.6% to 13.80p per share from 13.20p the year before. Net asset value total return was positive 4.2%, underperforming against positive 5.2% from the FTSE All Share Total Return index. NAV per share decreased to 293.58p from 295.26p. Says many challenges "look set to continue into the year ahead."

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Haydale Graphene Industries PLC - Carmarthenshire, Wales-based technology solutions company - Pretax loss for the year ended June 30 widens to GBP6.6 million compared with GBP5.2 million the previous year. Revenue increased 48% to GBP4.3 million from GBP2.9 million, with US sales continuing to progress on "growth in the core aerospace and automotive markets". Administrative expenses increased 13% to GBP6.3 million from GBP5.5 million. Non-Executive Chair David Banks says: "We have made important progress in our next planned steps as a business by forging commercial partnerships and collaborations with leading organisations...the board remains confident that the company will be able to take advantage of the traction it is now seeing."

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e-Therapeutics PLC - Oxford, England-based computer-based drug discovery company - Says that in six months ended July 31, pretax loss widened to GBP6.6 million from GBP4.5 million the previous year. Revenue fell 46% to GBP160,000 from GBP295,000. Chief Executive Officer Ali Mortazavi says: "Despite a severe macroeconomic climate, we have made significant progress during the past six months...we have been able to translate our computational analyses into tangible assets, generating compelling preclinical data at a fraction of the R&D spend of any competitor." Research & development expenditure increased to GBP5.3 million from GBP3.1 million. Company expects higher "underlying cash burn" in the current half year due to its "planned increase in R&D spend to continue the expansion of our AI capabilities and progress the identification and execution of preclinical targets, together with sustaining our active IP strategy as novel inventions are generated."

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By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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9 Feb 2023 15:47

UK earnings, trading statements calendar - next 7 days

Friday 10 February 
Ince Group PLCFull Year Results (TBC)
Lancashire Holdings LtdFull Year Results
S&U PLCTrading Statement
Victrex PLCTrading Statement
Monday 13 February 
no events scheduled 
Tuesday 14 February 
Carr's Group PLCFull Year Results
Coca-Cola HBC AGFull Year Results
Plus500 LtdFull Year Results
Tui AGQ1 Results
UP Global Sourcing Holdings PLCTrading Statement
Wednesday 15 February 
Barclays PLCFull Year Results
Brunner Investment Trust PLCFull Year Results
Dunelm Group PLCHalf Year Results
Equipmake Holdings PLCHalf Year Results
Glencore PLCFull Year Results
Hargreaves Lansdown PLCHalf Year Results
Pan African Resources PLCHalf Year Results
Thursday 16 February 
Centrica PLCFull Year Results
Coca-Cola Europacific Partners PLCFull Year Results
Indivior PLCFull Year Results
MJ Gleeson PLCHalf Year Results
Moneysupermarket.com Group PLCFull Year Results
Relx PLCFull Year Results
Riverstone Credit Opportunities Income PLCFull Year Results
South32 LtdHalf Year Results
Standard Chartered PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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25 Jan 2023 21:41

TRADING UPDATES: 88 Energy anticipates well spud; Tern sees progress

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

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4 Jan 2023 08:11

Riverstone Credit provides USD150 million sustainability-linked loan

(Alliance News) - Riverstone Credit Opportunities Income PLC on Wednesday said it executed a new USD150 million sustainability-linked loan to Clean Energy Fuels Corp.

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9 Dec 2022 13:29

IN BRIEF: Riverstone Credit closes USD15 million credit facility

Riverstone Credit Opportunities Income PLC - energy infrastructure and energy-transition credit investor - Closes USD15.0 million senior secured revolving credit facility on December 7 with funds advised by BC Partners Credit. Facility enables company to deploy increased quantity of capital to its pipeline of "sustainability-linked and green loan opportunities". Expects facility to enable Riverstone Credit to enter new commitments ahead of anticipated realisations, enabling the fund to minimise the drag on returns of uninvested capital. The facility carries interest rate of Secured Overnight Financing Rate plus 650.

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1 Dec 2022 21:42

TRADING UPDATES: Renalytix hails trial results; Kingswood buys JFP

(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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2 Nov 2022 19:17

TRADING UPDATES: Smithson assets grow; FireAngel delivers milestone

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

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25 Oct 2022 08:10

Riverstone Credit NAV per share improves from Seawolf investments

(Alliance News) - Riverstone Credit Opportunities Income PLC on Thursday last week reported an increased net asset value per share in its quarterly portfolio report, as it profited from investments in Seawolf Water Resources LP.

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13 Oct 2022 21:54

TRADING UPDATES: British Honey launches review; Malin agrees on case

(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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11 Oct 2022 21:12

TRADING UPDATES: AssetCo net assets fall; VH Global seals deal

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

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4 Oct 2022 12:14

IN BRIEF: Riverstone Credit invests USD9 million in Seawolf Resources

Riverstone Credit Opportunities Income PLC - energy infrastructure and energy-transition credit investor - Announces secondary investment worth USD9 million in a bundle of private securities in Seawolf Water Resources. Seawolf provides water solutions to energy industry. Investment includes a first lien term loan as well as preferred stock and common equity. Says collectively, the investment is "at a significant discount to market value." Investment was completed on September 26. Loan matures in March 2026. Estimated all-in yield to maturity on the loan of 10.6% to Riverstone Credit. Following investment, company's portfolio nearly 90% committed.

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9 Sep 2022 09:06

IN BRIEF: Riverstone Credit invests GBP8 million in Hoover Circular

Riverstone Credit Opportunities Income PLC - energy infrastructure and energy-transition credit investor - Invests GBP8.0 million in Hoover Circular Solutions. Says Hoover is a sponsor-backed company, which is a rental provider of containers and mobile asset management solutions across the energy, industrial, refining, and petrochemical industries.

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11 Aug 2022 16:46

IN BRIEF: Riverstone Credit swings to gain on investment in half year

Riverstone Credit Opportunities Income PLC - aims to generate returns by making loans to companies in energy sector - Says net asset value per share is 102.40 US cents at June 30, edging up from 101.92 cents at the end of December. Swings to total gain on investment of USD167,000 in the first half of 2022, from a loss of USD898,000 a year before. Pretax profit grows to USD3.8 million from USD2.6 million, as a result of income from its investment portfolio, and changes in the valuation of the portfolio, it says.

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26 Jul 2022 22:16

TRADING UPDATES: De La Rue cancels contract; Apollon buys in Jamaica

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

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8 Jul 2022 15:47

IN BRIEF: Riverstone Credit's gains upsize in Blackbuck investment

Riverstone Credit Opportunities Income PLC - aims to generate returns by making loans to companies in energy sector - Announces upsize of investment in Blackbuck Resources, an infrastructure company focused on full-cycle water management services.

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1 Jul 2022 21:41

TRADING UPDATES: Crystal Amber plots more payouts; Orcadian fundraise

(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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