Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRockhopper Share News (RKH)

Share Price Information for Rockhopper (RKH)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 12.825
Bid: 12.70
Ask: 12.95
Change: 0.00 (0.00%)
Spread: 0.25 (1.969%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 12.825
RKH Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK WINNERS & LOSERS SUMMARY: Aston Martin Stalls After Profit Warning

Tue, 07th Jan 2020 10:19

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.

----------

FTSE 100 - WINNERS

----------

WM Morrison Supermarkets, up 3.0%. Shares in the supermarket chain were higher despite the company saying challenging trading conditions and sustained consumer uncertainty led to a sales fall in the 22 weeks to January 5. During the period, the grocer said like-for-like sales, excluding fuel, were down 1.7% year-on-year. The decline was solely due to a fall in retail sales, as like-for-like performance in the wholesale unit was flat year-on-year. Including fuel, like-for-like sales decline 2.8% year-on-year during the 22 weeks. The firm reiterated its full-year guidance, expecting pretax profit before exceptional costs to be in line with analysts' forecasts. Morrisons ends its financial year on February 2. "Looking ahead, Morrison has a potentially lucrative growth lever at its disposal. While its current online offering is pretty paltry compared to rivals, it strengthened ties with Amazon last year. Helping the online giant upscale its own delivery service is a good place to be in our view," said Hargreaves Lansdown analyst Sophie Lund-Yates.

----------

RSA Insurance, up 1.5%. JPMorgan raised the insurer to Overweight from Neutral.

----------

FTSE 100 - LOSERS

----------

Standard Life Aberdeen, down 2.8%. The asset manager was downgraded to Underperform from Neutral by Exane BNP and to Neutral from Overweight by JPMorgan.

----------

Rentokil Initial, down 2.5%. Credit Suisse cut the pest control company to Neutral from Outperform.

----------

SSE, down 1.0%. Goldman Sachs cut the energy company to Neutral from Buy.

----------

FTSE 250 - WINNERS

----------

Premier Oil, up 13%. The oil and gas company said it is to buy two North Sea assets from oil major BP and has also built up its stake in a soon-to-be-producing field. Premier is buying the Andrew Area and Shearwater assets from oil major BP for USD625 million. Andrew Area includes five fields producing 18,000 barrels of oil equivalent per day, and Shearwater 25 million barrels of oil equivalent of reserves. The company also has taken 25% more of Tolmount off Dana Petroleum for USD191 million, and a potential USD55 million more. Tolmount, a gas field, is expected to come onstream at the end of 2020. Overall, these acquisitions will add 23,000 barrels of oil equivalent per day of production to Premier's portfolio and are forecast to generate over USD1 billion of free cash flow to the end of 2023 which will help it reduce its heavy debt. In 2019, Premier said net debt has reduced by more than USD330 million to USD1.99 billion. BP shares were down 0.7%.

----------

Marks & Spencer, up 3.7%. Berenberg double upgraded the high street stalwart to Buy from Sell.

----------

FTSE 250 - LOSERS

----------

Aston Martin Lagonda, down 10%. The luxury carmaker issued another profit warning due to continuation of challenging trading conditions and said that it continues to review funding options, including a potential equity capital raise. The challenging trading conditions disclosed in November continued through the peak delivery period of December, Aston Martin said, resulting in lower sales, higher selling costs and lower margins. Aston Martin now sees 2019 adjusted earnings before interest, taxes, depreciation and amortisation to come in at a range between GBP130 million and GBP140 million and margin between 12.5% to 13.5%. In 2018, adjusted Ebitda came in at GBP247 million. "Aston Martin has previously talked about relying too heavily on its ties to the James Bond franchise. Once the latest film had been released, the hype died down and so did the number of people talking about the brand. Efforts to refresh the brand with more of an emotional angle don't appear to have had the desired effect," said AJ Bell's Russ Mould.

----------

OTHER MAIN MARKET AND AIM - WINNERS

----------

Rockhopper Exploration, up 32%. The oil and gas explorer said it has signed a milestone farm-in deal at the Sea Lion project in the Falkland Islands. Heads of terms have been signed with Navitas Petroleum, which is taking a 30% stake in the project. Rockhopper will hold 30% after the deal, and operator Premier Oil 40%. This transaction, Rockhopper said, increases the likelihood the project will be able to secure senior debt financing for the first phase of development. Rockhopper's costs for phase one will be met by a combination of cash & carry loans from Premier and Navitas, it added. It will get up to USD48 million from the two partners in future depending on future phases of development. Rockhopper hopes for sale & purchase agreement to be signed during the first quarter of the year.

----------

OTHER MAIN MARKET AND AIM - LOSERS

----------

Carr's Group, down 9.2%. The farm supplies firm said its group performance in the 18 week period to last Saturday was in line with management expectations but its Agriculture unit struggled. Carr's said its Agriculture performance in the same period was behind board expectations, due to the "mild weather". The company said the Agriculture markets have "remained challenging". The Carlisle-based firm said the "unseasonably mild and dry weather" added further pressure to the unit, resulting in less spend by farms on feed and animal supplements. Turning to the Engineering unit, Carr's said it experienced a "slow start" to the year - due to contract phasing - but it expects its full year performance to be slightly ahead of board expectations on the back of its strong pipeline.

----------

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
22 Jan 2024 14:00

IN BRIEF: Rockhopper notes Navitas update on the Sea Lion asset

Rockhopper Exploration PLC - Salisbury, England-based oil and gas exploration company with key interests in the Falkland Islands - Notes Navitas Petroleum LP's update on the Sea Lion asset. Says Navitas has identified suitable and available existing floating production storage and offloading vessels, and is actively working with leading industry vendors to secure all long lead equipment, continuing to target Sea Lion phase 1 final investment decision in 2024 and first oil at the end of 2026.

Read more
20 Dec 2023 12:16

IN BRIEF: Rockhopper shares leap up on new monetisation deal

Rockhopper Exploration PLC - Salisbury, England-based oil and gas exploration company with key interests in the Falkland Islands - Enters agreement with a regulated specialist fund for monetisation of an arbitration award. Award, announced in late August, 2022, relates to arbitration against Republic of Italy relating to the Ombrina Mare oil field. Rockhopper will retain legal and beneficial ownership of the award, and the fund will make cash payments in up to three tranches. Will retain around EUR15 million of upfront payment of EUR45 million on completion, due to previous litigation funding agreement in 2017.

Read more
28 Sep 2023 15:08

TRADING UPDATES: Rockhopper loss widens; Synectics inks new contract

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

Read more
16 Aug 2023 08:42

Rockhopper names ex-Cairn Energy CEO as non-executive chair

(Alliance News) - Rockhopper Exploration PLC on Wednesday appointed Simon Thomson as its new non-executive chair, effective from October 1.

Read more
13 Jul 2023 13:54

IN BRIEF: Rockhopper makes progress in Italy dispute

Rockhopper Exploration PLC - Salisbury, England-based oil and gas exploration and production company - Says a provisional stay of enforcement will be lifted provided that it establishes an escrow account within the next five working days. This comes after Italy sought to annul an August 2022 award favouring Rockhopper under the Energy Charter Treaty. This resulted in an arbitration panel saying that Italy had breached its obligations under the award and thus owed Rockhopper EUR190 million in compensation.

Read more
22 Jun 2023 15:44

UK shareholder meetings calendar - next 7 days

Friday 23 June 
Cadogan Petroleum PLCAGM
Mears Group PLCAGM
Non-Standard Finance PLCAGM
Ocean Harvest Technology Group PLCAGM
Oxford Biomedica PLCAGM
Pelatro PLCAGM
Petrofac LtdAGM
Princess Private Equity Holding LtdAGM
Rathbones Group PLCGM re agreement regarding all-share combination with Invested Wealth & Investment Ltd
Supply@Me Capital PLCGM re open offer warrantholders
Vietnam Enterprise Investments LtdAGM
VPC Specialty Lending Investments PLCAGM
Monday 26 June 
Aterian PLCAGM
Capricorn Energy PLCAGM
Corre Energy BVAGM
Facilities by ADF PLCAGM
Lexington Gold LtdSGM re proposed acquisition of White Rivers Exploration Ltd
LifeSafe Holdings PLCAGM
Premier African Minerals LtdAGM
Vast Resources PLCGM re issuing new share capital
Volvere PLCAGM
Tuesday 27 June 
Acuity RM Group PLCAGM
Comptoir Group PLCAGM
Creo Medical Group PLCAGM
First Tin PLCAGM
Forward Partners Group PLCAGM
Galantas Gold CorpAGM
Gemfields Group LtdAGM
Golden Prospect Precious Metals LtdAGM
Hamak Gold LtdAGM
ICG Enterprise Trust PLCAGM
Impellam Group PLCAGM
India Capital Growth Fund LtdAGM
Inspiration Healthcare Group PLCAGM
Instem PLCAGM
JD Sports Fashion PLCAGM
Kingfisher PLCAGM
Mercantile Ports & Logistics LtdGM re equity fundraising
Mobile Tornado Group PLCAGM
Revolution Beauty Group PLCAGM
Scottish Mortgage Investment Trust PLCAGM
Serabi Gold PLCAGM
Sondrel Holdings PLCAGM
Surface Transforms PLCAGM
Surgical Innovations Group PLCAGM
Trinity Exploration & Production PLCAGM
Wednesday 28 June 
Atalaya Mining PLCAGM
Avacta Group PLCAGM
Boku IncAGM
Cambridge Cognition Holdings PLCAGM
Cizzle Biotechnology Holdings PLCAGM
Cobra Resources PLCAGM
Cora Gold LtdAGM
Dial Square Investments PLCAGM
Itaconix PLCAGM
NB Distressed Debt Investment Fund LtdAGM
Panthera Resources PLCGM re directors’ authority to allot shares
Phoenix Spree Deutschland LtdAGM
Pineapple Power Corp PLCAGM
Polarean Imaging PLCAGM
RA International Group PLCAGM
Schroder European Real Estate Investment Trust PLCAGM
Shield Therapeutics PLCAGM
St Mark Homes PLCAGM
Star Phoenix Group LtdAGM
ValiRx PLCAGM
Velocys PLCAGM
Vertu Motors PLCAGM
Warpaint London PLCAGM
Westminster Group PLCAGM
Zenova Group PLCAGM
Thursday 29 June 
3i Group PLCAGM
Africa Opportunity Fund LtdAGM
Anemoi International LtdAGM
Anpario PLCAGM
Ariana Resources PLCAGM
Beowulf Mining PLCAGM
Celadon Pharmaceuticals PLCAGM
Cornish Metals IncAGM
East Imperial PLCAGM
East Star Resources PLCAGM
Eden Research PLCAGM
Engage XR Holdings PLCAGM
First Class Metals PLCAGM
Gresham House Energy Storage Fund PLCGM re remuneration policy
Gusbourne PLCAGM
HeiQ PLCAGM
Helios Underwriting PLCAGM
Ingenta PLCAGM
IQE PLCAGM
Kooth PLCAGM
Landore Resources LtdAGM
Let's Explore Group PLCAGM
Likewise Group PLCAGM
MGC Pharmaceuticals LtdGM re issue of convertible notes
Morgan Advanced Materials PLCAGM
NetScientific PLCAGM
New Century AIM VCT 2AGM
Norman Broadbent PLCAGM
Reabold Resources PLCAGM
Rockhopper Exploration PLCAGM
Roquefort Therapeutics PLCAGM
Serica Energy PLCAGM
SpaceandPeople PLCAGM
Symphony Environmental Technologies PLCAGM
Synairgen PLCAGM
Thalassa Holdings LtdAGM
tinyBuild IncAGM
Touchstone Exploration IncAGM
Trident Royalties PLCAGM
Unigel Group PLCAGM
Verici Dx PLCAGM
Xpediator PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
30 May 2023 14:31

Rockhopper Exploration revenue falls annually amid lower gas prices

(Alliance News) - Rockhopper Exploration PLC on Tuesday reported a double-digit drop in yearly revenue as gas prices interfered with production.

Read more
23 Mar 2023 20:32

TRADING UPDATES: Fragrant Prosperity to buy Hi 55, Oscillate talks end

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

Read more
2 Dec 2022 20:39

TRADING UPDATES: Sunrise secures funds; Bango launches e-distribution

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

Read more
31 Oct 2022 19:58

TRADING UPDATES: 4Global wins deal; James Cropper profit warning

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

Read more
31 Oct 2022 11:23

AIM WINNERS & LOSERS: TP riss on takeover deal; Rockhopper vows fight

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

Read more
29 Sep 2022 16:14

EARNINGS SUMMARY: HSS Hire reinstates interim dividend, revenue up

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

Read more
23 Sep 2022 21:02

TRADING UPDATES: Neometals swings to loss; Funding Circle strikes deal

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

Read more
23 Sep 2022 12:57

Navitas joins Rockhopper as new operator at Sea Lion

(Sharecast News) - Oil and gas explorer and producer Rockhopper Exploration announced on Friday that the transaction enabling Harbour Energy to exit the North Falkland Basin had been completed.

Read more
5 Sep 2022 10:36

Canaccord Genuity raises target price on Rockhopper Exploration

(Sharecast News) - Analysts at Canaccord Genuity raised their target price on oil and gas firm Rockhopper Exploration from 24.0p to 40.0p on Monday following the group's Ombrina Mare arbitration award success.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.