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Pin to quick picksRockhopper Share News (RKH)

Share Price Information for Rockhopper (RKH)

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EARNINGS SUMMARY: HSS Hire reinstates interim dividend, revenue up

Thu, 29th Sep 2022 16:14

(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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HSS Hire Group PLC - Manchester-based tool and equipment rental firm - Revenue in 26 week period to July 2 climbs 9.3% to GBP159.9 million, from GBP146.3 million in the same period last year. Pretax profit declines to GBP6.5 million from GBP6.8 million year-on-year. Reinstates interim dividend, with a 0.17 pence per share payout. Says that this reflects confidence in its long-term growth strategy. Says it has seen revenue growth of 10% in the third quarter to date, with earnings before interest, tax, depreciation and amortisation in line with management expectations. Also remains confident that full-year Ebita will be in line with market expectations, whilst remaining mindful of macroeconomic backdrop. "Whilst uncertainty remains, the construction output forecasts in the market continue to point to growth in 2023 and 2024. We are confident that should the outlook worsen, our flexible, low-cost business model and strong balance sheet puts us in the best possible position to outperform the sector," the company adds.

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Made.com Group PLC - London-based online furniture retailer - Revenue in first six months of 2022 rises 4.2% to GBP178.2 million from GBP171.0 million year-on-year. However, pretax loss widens to GBP35.3 million from GBP10.1 million in the same period last year. Distribution expenses climb to GBP47.4 million, compared to GBP33.8 million last year. Looking forward, the company says it has withdrawn its full-year guidance, due to the volatile trading environment in the UK and Europe. "The group has faced a significant reduction in demand which has been difficult for the business and its stakeholders. Although we took immediate action to adjust inventory levels and control costs and have launched a transformation plan that will make the business more agile and resilient, we believe that the decision we have taken to launch the Strategic Review and Formal Sale Process, is the best route to protect shareholder value," says Chief Executive Nicola Thopmson.

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Supply@Me Capital PLC - London-based inventory monetisation platform - Revenue in the first six months of 2022 falls to GBP209,000, from GBP271,000 in the same period last year. Pretax loss widens to GBP6.3 million, compared to GBP1.7 million year-on-year. Does not declare a dividend and says it does not foresee a dividend being payable in the next financial year, as it continues to concentrate on growing its market share and enhancing its technology and capabilities. Says it expects to start building a "track record" from its inventory monetisation division, after its first transaction was executed in August. "The SYME team continues to work tirelessly to manage and develop our pipeline of corporate clients, and engage with potential third-party Inventory Funders that have expressed an interest in the IM asset class, through the group's innovative Platform," Chief Executive Alessandro Zamboni continues.

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Rockhopper Exploration PLC - Salisbury, England-based oil & gas exploration and production company - Revenue in first half of 2022 climbs to USD523,000 from USD347,000 in the first half of 2021. Pretax loss narrows to USD749,000 from USD3.3 million year-on-year. Looking ahead, says it is in the "best shape" it has been for many years, following three "major" milestones since the start of the year. "Amidst continued global uncertainty and material domestic pressures, we continue to believe a responsibly developed Sea Lion oilfield could provide both a meaningful source of financial benefit to the Falkland Islands, and a strategically and financially important resource to the United Kingdom," says Chair Keith Lough.

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By Sophie Rose; sophierose@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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14 Sep 2016 12:36

UPDATE 1-UK, Argentina agree joint steps on Falklands in win for diplomacy

(Adds details, quotes) By Estelle Shirbon LONDON, Sept 14 (Reuters) - Britain and Argentina have agreed to work together towards removing measures restricting the oil and gas, shipping and fishing industries around the disputed Falkland Islands, both countries said on Wednesday. Read more

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UK, Argentina to cooperate on Falklands oil and gas restrictions

LONDON, Sept 14 (Reuters) - Britain and Argentina have agreed to work together towards removing measures restricting the oil and gas industry, shipping and fishing around the disputed Falkland Islands, Britain's Foreign Office said on Wednesday. The two countries fought a war in 1982 over t

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14 Sep 2016 10:58

Rockhopper Exploration optimistic on potential of North Falkland basin

(ShareCast News) - Rockhopper Exploration progressed on integrating its recent acquisitions, while completing a resource audit of its acreage in the North Falklands basin and increasing production from its Italian and Egyptian sites. For the six months ended 30 June, revenue increased by about 45% t

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16 Aug 2016 09:41

RockHopper buys Egypt's Beach Petroleum for $11.9m

(ShareCast News) - Oil and gas explorer RockHopper Exploration bought Egypt's Beach Petroleum for $11.9m to increase its "exposure to low cost, cash generative production assets" in the region. The acquisition was funded by the company's existing cash resources with Beach Energy retaining the econom

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15 Jul 2016 08:33

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17 May 2016 08:02

Rockhopper Exploration Updates Resources Offshore Falkland Islands

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27 Apr 2016 17:07

Directors dealings: Rockhopper finance chief picks up some shares

(ShareCast News) - Two top executives and one non-executive director at Rockhopper Exploration, including its finance chief, picked up some shares on the previous day, the company said in a statement. Finance director Stewart MacDonald purchased 45,225 shares at 33.0p apiece for a total of £14,924.2

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27 Apr 2016 12:38

DIRECTOR DEALINGS: Three Rockhopper Exploration Directors Buy Shares

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