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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: Smartspace Software expands in Taiwan, Germany, China

Thu, 20th Apr 2023 18:25

(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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Canadian Overseas Petroleum Ltd - oil and gas exploration, production and development company with operations focused in the US state of Wyoming - Provides operational update - Says construction of the Barron Flats Shannon Unit USD4.5 million upgrade is to start in April - Notes this will improve production levels by resolving constraints and bottlenecks that have limited oil production at the company's operated BFSU over 2022 to present. Adds construction to commissioning is expected to take approximately 2-3 months - Further, at Cole Creek reports a second Frontier 1 recompletion will commence in the second quarter once surface access restrictions allow. Also reports discussions with a large oil company who approached the company regarding the exploitation of its Frontier oil resources are continuing with the current focus on commercial terms. Appoints Thomas Richardson as a Non-Executive Director effective April 20.

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Neometals Ltd - emerging sustainable battery materials producer - Announces that its wholly owned subsidiary Australian Titanium Pty Ltd has executed a term sheet outlining key principles that will form the basis for a binding take-or-pay offtake agreement with Jiuxing Titanium Materials Co Ltd. States the term sheet marks a key step in Neometals' strategy to develop a mining operation at its Barrambie Project in the Murchison region of Western Australia. Jiuxing is one of the leading chloride-grade titanium slag producers in China.

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Riverstone Credit Opportunities Income PLC - energy infrastructure and energy-transition credit investor - Reports net asset value at March 31 was USD1.06, little changed from USD1.06 at the end of December 2022. Explains the slight reduction was principally due to a movement in the valuation of the warrants related to a loan that was previously repaid.

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i(x) Net Zero PLC - investing company focused on Energy Transition and Sustainability in the Built Environment - Says after a strategic review company will focus firmly on growing the net asset value of the company's investments. Notes this will be achieved by identifying and seeking to execute profitable investment realisations from the existing investment companies in the short term and by sourcing high growth investment opportunities. Introduces near term target of reducing operating expenditure to 2% of NAV, down more than 50% from the 2022 operating expenditure. Further, names Jonathan Carpenter Stearns as CFO. Also enters new secured USD7.5 million two year term loan facility.

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Smartspace Software PLC - Bury St. Edmunds, England-based SaaS-based technology business, which designs and builds smart software solutions - Announces the successful launch of SwipedOn's SaaS visitor management platform in Taiwan, China and Germany. This follows on from last year's initial launch in Asia through South Korea.

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Eckoh PLC - London-based secure payment and customer contact products - Announces launch of new cloud-based secure call recording solution for contact centres. Nik Philpot Chief Executive Officer expects secure call recording to be really well received by existing clients. "We also expect interest from new clients who are attracted to a highly cost-effective and fully featured alternative to ageing or more basic recording solutions, which will then give them visibility of and access to our broader data security portfolio."

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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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