The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRurelec Share News (RUR)

  • This share is currently suspended. It was suspended at a price of 0.425

Share Price Information for Rurelec (RUR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.425
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.00 (0.00%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 0.425
RUR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EARNINGS SUMMARY: Provexis, Thruvision loss narrows; Unigel revenue up

Fri, 30th Sep 2022 21:11

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

----------

Kropz PLC - African phosphate developer - Pretax loss in the first half 2022 widens to USD60.9 million from USD7.4 million a year before. Can be put down to a USD44.7 million loss on the disposal of a subsidiary.

----------

Provexis PLC - Reading, England-based producer of heart-health functional food ingredient Fruitflow - Pretax loss in the first year to March 31 narrows to GBP299,132 from GBP361,803 the year before. Revenue falls 16% to GBP426,168 from GBP505,330. Explains the decrease in revenue with a fall from income received from its alliance agreement with DSM. Expects that the new gut microbiome patent application will have a strongly beneficial effect on current and future commercial prospects.

----------

Valereum PLC - Gibraltar-based blockchain technology - Pretax loss in the six months to June 30 widens to GBP1.0 million from GBP501,478 a year before, as administrative expenses jump to GBP1.0 million from GBP519,532. Records no revenue, slipping from GBP11,210. "We remain focused on establishing the Gibraltar Stock Exchange not only as one of the world's first fully regulated exchanges crossing the digital divide, but also linking into markets not touched by other European exchanges," Chair Richard Poulden comments.

----------

Rurelec PLC - London-based power producer with operations in Latin America - Swings to a pretax profit of GBP697,000 in the first half of 2022 from a loss of GBP875,000 a year before. Attributes this to a foreign exchange gain of GBP1.2 million. "The board continues to pursue measures to unlock the inherit value of the company through selling or developing assets and managing cash receipts from the power generation plant in Argentina. We are conscious that the economic situation in Argentina remains challenging and we continue to monitor the impact on our operating asset there," Executive Director Andy Coveney says.

----------

Stranger Holdings PLC - London-based investment company intending to acquire a target company, business or asset in the industrial or service sector - Pretax loss for the year to March 31 widens to GBP602,000 from GBP432,000 the year before. Administrative expenses jump to GBP457,000 versus GBP344,000.

----------

Unigel Group PLC - Eastbourne, East Sussex-based manufacturer of thixotropic gels for the fibre optic cable industry - Expects revenue of GBP17.9 million for the first half of 2022, up 87% year-on-year. Anticipates a pretax profit of GBP940,000, up 94% on a year ago. "The directors are pleased with the growth achieved in the first half of 2022 which arose from a combination of higher selling prices, new product introduction and new customer acquisition. Management continue to optimise the manufacturing capability of the group and continue to improve its product range through its in-house research and development team," the company states.

----------

Hawkwing PLC - London-based cash shell - Pretax loss for the first half of 2022 widens to GBP547,000 from GBP190,000 a year before. Records finance costs of GBP938,000.

----------

Xeros Technology Group PLC - Rotherham, England-based environmental technology firm - In the six months to June 30, pretax loss widens to GBP4.2 million from GBP3.4 million. Administrative expenses jump to GBP4.2 million versus GBP3.6 million. Revenue falls to GBP40,000 from GBP341,000. Blame this on licensing revenue, which fell 92%.

----------

Kendrick Resources PLC - London-based exploration company - Pretax loss in the first half of 2022 widens to GBP184,700 from GBP169,362 a year before. Operating expenses jump to GBP173,828 versus GBP153,408. Records no revenue, unchanged from a year before. Plans to build a long-term energy metals business in Scandinavia to deliver energy metals to Europe to help enable its renewable energy transformation

----------

Thruvision Group PLC - Abingdon, England-based people-screening technology - For the year which ends March 31, pretax loss narrows to GBP1.9 million from GBP2.8 million a year before. Revenue rises 25% to GBP8.4 million from GBP6.7 million. Credits this to a strong performance, driven by significant growth in Profit Protection. Believes it is well positioned to deliver good growth.

----------

By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
24 Apr 2024 20:10

TRADING UPDATES: Pennant trading in line; Coro requests suspension

(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
28 Mar 2024 13:44

EARNINGS AND TRADING: Northamber loss widens; Ethernity contract boost

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

Read more
13 Mar 2024 18:18

TRADING UPDATES: Redrock acquires remainder of Australian subsidiary

(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
8 Dec 2023 18:32

IN BRIEF: Rurelec disposes of Cochrane Power and Chilean subsidiaries

Rurelec PLC - cash shell and owner of turbines - Completes the disposal of Cochrane Power Ltd, as well as its Chilean subsidiaries, Rurelec Chile SpA, Rurelec Chile Limitada, Termoelectrica del Norte SA and Central Illapa, SA. These were originally formed with the intention of developing, owning and operating power stations in Chile. Accordingly, GBP25,000 for the disposal has now been received.

Read more
31 Oct 2023 16:37

EARNINGS AND TRADING: Kromek wins deals; First Class Metals optimistic

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

Read more
28 Sep 2023 13:07

TRADING UPDATES: Zoo Digital expects revenue drop on Hollywood strikes

(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
30 Jun 2023 20:15

TRADING UPDATES: On The Beach rejigs board, names new CEO and CFO

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

Read more
12 Jun 2023 12:11

Rurelec shares jump as payout to follow close of Argentina assets sale

(Alliance News) - Rurelec PLC on Monday said it has completed the disposal of its Argentinian assets to Verafont SA, Basic Energy Ltd and Esteban Reynal for up to GBP4 million.

Read more
1 Jun 2023 14:12

Rurelec shareholders approve sale of Argentinian interests

(Alliance News) - Rurelec PLC on Thursday said shareholders approved the planned disposal of its Argentinian assets to Verafont SA, Basic Energy Ltd and Esteban Reynal for up to GBP4 million.

Read more
25 May 2023 15:48

UK shareholder meetings calendar - next 7 days

Friday 26 May 
AG Barr PLCAGM
Argos Resources LtdGM re disposal and cancellation
Bank of Cyprus Holdings PLCAGM
Fox Marble Holdings PLCGM re admission on AIM and acquisition of Eco Buildings Group Ltd
Glencore PLCAGM
Itsarm PLCGM re delisting from AIM
Keywords Studios PLCAGM
Let's Explore Group PLCGM re proposed tender offer to purchase shares
NFT Investments PLCGM re shares purchase
Non-Standard Finance PLCAGM
Old Mutual LtdAGM
Solgenics LtdGM re cancellation from admission to trading on AIM
ThomasLloyd Energy Impact Trust PLCAGM
Unbound Group PLCAGM
XLMedia PLCAGM
Monday 29 May 
no events scheduled 
Tuesday 30 May 
Alba Mineral Resources PLCAGM
Aseana Properties LtdAGM
Aseana Properties LtdGM re discontinuation resolution
BioPharma Credit PLCAGM
Gresham House Energy Storage Fund PLCAGM
Integrated Diagnostics Holdings PLCAGM
Maintel Holdings PLCAGM
Malvern International PLCAGM
Manx Financial Group PLCAGM
Sportech PLCAGM
Superdry PLCGM re disposal of some IP assets
Watchstone Group PLCAGM
Wednesday 31 May 
Advanced Medical Solutions Group PLCAGM
Aferian PLCAGM
Bakkavor Group PLCAGM
CleanTech Lithium PLCAGM
Dianomi PLCAGM
DigitalBox PLCAGM
Emmerson PLCAGM
International Public Partnerships LtdAGM
Predator Oil & Gas Holdings PLCAGM
Rotala PLCAGM
Thungela Resources LtdAGM
TruSpine Technologies PLCGM re director appointment and removal
Thursday 1 June 
Northcoders Group PLCAGM
PageGroup PLCAGM
Rurelec PLCGM re Argentinian interest sale to Verafont, Basic Energy, & Esteban Reynal
Tanfield Group PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
16 May 2023 13:56

IN BRIEF: Rurelec sells Argentinian assets and promises special payout

Rurelec PLC - South America-focused power producer and developer of power plants - Agrees to sell Argentinian interests to Verafont SA, Basic Energy Ltd and Esteban Reynal for up to GBP4 million. This includes Rurelec's interest in Central Termica Patagonia, a 138 megawatt combined cycle powerplant located in Comodoro Rivadavia. Sale is subject to shareholder approval, and completion is expected in June. Rurelec will pay shareholders a special dividend of 0.20 pence per share and will retain the remaining GBP1.1 million as working capital for the next phase of its development.

Read more
16 May 2023 12:14

LONDON MARKET MIDDAY: Stocks subdued; US debt ceiling concern weighs

(Alliance News) - Stock prices in London were directionless at midday on Tuesday as markets digested the latest UK unemployment data and nervously eyed incoming US debt ceiling crunch talks.

Read more
16 May 2023 11:03

AIM WINNERS & LOSERS: Rurelec jumps on Argentinian assets sale

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

Read more
25 Jan 2023 13:29

Rurelec liquidity position worsens on Argentina cash failure

(Alliance News) - Rurelec PLC on Wednesday said that it might not be able to raise working capital on reasonable terms or at all, as it failed to receive any more cash from Argentina.

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.