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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
High: 0.00
Low: 0.00
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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TRADING UPDATES: musicMagpie opens three new SmartDrop Kiosk sites

Thu, 10th Aug 2023 17:24

(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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musicMagpie PLC - Stockport, England-based used-technology reseller - Expands its SmartDrop Kiosk network, starting with three new sites this week. The sites are Manchester Arndale, Cribbs Causeway in Bristol and Willow Brook, also in Bristol. Explains each of the sites are within major shopping centres and together these attract over 50 million visitors per year. "With millions of people visiting each of these new sites every year these will serve to increase brand awareness and promote the service making it easier than ever for customers to trade in their phone for cash," says Steve Oliver chief executive.

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Coro Energy PLC - Leeds, England-based energy company focused on South East Asia - Reports amendment to terms of deal to sell its Italian portfolio, originally announced in March. Zodiac Energy agrees to make a further cash advance of EUR700,000 within 10 business days, taking the total advanced to Coro to-date to EUR2.5 million. This will enable Coro to proceed to buy a met mast in the Philippines to support 12 months of wind data to build the technical and banking case for the 100 megawatt utility scale onshore wind project alongside funding Duyung FEED spend and general working capital. Coro agrees to reduce the sum due at completion by the additional advance plus a further EUR140,000. In total, the potential consideration for the deal is now EUR7.4 million, down from the previous EUR7.5 million. Adds approval of the sale by the Italian regulatory authorities is progressing well.

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Riverstone Credit Opportunities Income PLC - London-based energy infrastructure and energy transition credit investor - Reports net asset value per share at June 30 of USD1.07, up 4.9% from USD1.02 the year prior. Total income in the six months ended June 30 fell 3.4% to USD3.7 million from USD3.83 million and earnings per share eased by 3.8% to 4.02 cents from 4.18 cents. Keenly aware of the discount at which the shares trade. Working "assiduously" on a number of initiatives to reduce the discount including active asset management and proactive and frequent engagement. Further, declares dividend of 2 cents.

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Tirupati Graphite PLC - London-based natural flake graphite producer which has operations in Madagascar and Mozambique - Receives around USD1 million from existing clients, to support the ramp-up of operations. Follows successfully closing deals with clients in the US and Europe with 100% upfront prepayment for orders placed. Orders are to be shipped over a six-month period and represent around 15% of the sales expected over the six-month period. Plans to use funds to bridge gaps in cash requirements for ramping up its production and sales.

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eEnergy Group PLC - Net zero energy services provider - Increases ownership in its subsidiary, eEnergy Insights Ltd, which holds the group's smart metering and analytics platform, to 100% through the acquisition of two minority holdings. Related to this, issues 1.4 million shares at 0.3 pence each.

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Tintra PLC - builder of banking and infrastructure technology systems - Says company has instructed fund transfers to settle the agreement with Fintech Leaders Fund announced on July 5. But adds the transfer to the UK is taking longer than expected. Expects the agreement to complete in due course.

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Pharma C Investments PLC - New Jersey-based early-stage investor in the medical cannabis industry - Receives fine of GBP30,000 from the Aquis Stock Exchange Ltd. Fine is payable in two parts, GBP15,000 immediately while a further GBP15,000 will become payable should the company fail to comply with the Aquis Growth Market Rules at any point in the 12 months. Fine and censure follow company's failure to update investors in a timely manner that it had not received the funds detailed in a release on June 30. Further, company did not convene an annual general meeting within the time frame set out in the Companies Act 2006 and failed to publish its interim accounts when due on September 30, 2022 whilst it attempted to secure funding, meaning investors did not have access to the most recent financial information.

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By Jeremy Cutler, 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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