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Share Price Information for SDX Energy (SDX)

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Share Price: 3.65
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AIM WINNERS & LOSERS: Numis rockets on takeover by Deutsche Bank

Fri, 28th Apr 2023 10:55

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

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AIM - WINNERS

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Numis Corp PLC, up 67% at 341.50 pence, 12-month range 170.00p-343.00p. The London-based investment bank agrees to be taken over by Frankfurt-based Deutsche Bank AG. Deutsche Bank will pay 350 pence per Numis share, for a total consideration of about GBP410 million. The transaction is made up of 339p per share, as well as an interim dividend of 6p per share for the first half ended March 31, as well as an additional interim dividend of 5p per share. Deutsche Bank says the acquisition will allow it to "accelerate its Global Hausbank strategy by unlocking a much deeper engagement with the corporate client segment in the UK," with Deutsche Bank gaining more than 170 clients. Numis directors intend to unanimously recommend the takeover offer.

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Bens Creek Group PLC, 12% at 17.61 pence, 12-month range 15.06p-98.87p. The North America-focused mine operator completes the delivery of 44,000 tonnes of coal to an unnamed steel producer in India, which it names as the "largest" in the country. This order is part of a larger order to be completed by the end of July. The customer has, after July of this year, the right to order further coal of up to double the current order and the company is "confident" the customer will do so. Notes this is the first time that the company has taken the lead in filling a ship. Explains this is a "significant" development for the company as it means it is now able to directly fill a ship, on a monthly basis, with anywhere between 40,000 and 70,000 tonnes of coal.

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AIM - LOSERS

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SDX Energy PLC, down 20% at 5.75 pence, 12-month range 5.50p-13.00p. The Middle East and North Africa-focused oil and gas company reports a net production of 3,723 barrels of oil equivalent per day in 2022, marginally ahead of mid-point full-year guidance between 3,480 to 3,795 boed. Total sales volumes fall to 4,898 boed from 5,886 boed. Netback per barrel of oil equivalent drops to USD18.59 from USD20.54. Net revenue drops to USD43.8 million in 2022 from USD53.9 million in 2021. Earnings before interest, tax, depreciation, amortization, and exploration expense drop to USD24.6 million from USD40.0 million. Total comprehensive loss widens to USD35.1 million from USD24.0 million year-on-year. Interim Chair Jay Bhattacherjee says: "We are revaluating our standing in the wider energy sector and will consider all reasonable avenues, including transition fuels and alternative energies, to deliver long term sustainable returns to shareholders."

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Zoo Digital Group PLC, down 10% at 164.00 pence, 12-month range 99.20p-219.89p. Zoo Digital, which provides subtitling, dubbing, and media localization services to the TV and movie industry, successfully completes an oversubscribed placing of GBP12.5 million through the issue of 7.8 million shares at a price of 160p each. Says the price represents a discount of 14% to its middle market closing price on Wednesday. Shares represent around 8.7% of its share capital. In additional, company announces a retail offer via the BookBuild platform to raise up to GBP500,000 through the issue of 312,500 shares at a price of 160p each.

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By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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3 May 2024 15:50

IN BRIEF: SDX Energy completes drilling operations in Rharb Basin

SDX Energy PLC - London-based energy company with exploration, development and production assets in Egypt and Morocco - Completes drilling operations on the BMK-2 well, located in the Rharb Basin, Morocco. "At 1,265 metres in the Guebbas formation, the well encountered a 9-metre interval, believed to be equivalent to the well's primary target, with strong gas shows up to approximately 100 times background gas readings. The well was drilled to its total depth of 1,412 metres, and has been left temporarily suspended with a plug set to allow the well to be sidetracked, to the target formation at 1,265 metres, once the required equipment has been mobilised," says SDX.

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29 Apr 2024 14:08

SDX Energy says KSR-21 begins producing gas upon government approval

(Alliance News) - SDX Energy PLC on Monday said that that the KSR-21 well in Morocco has received necessary government approvals and gas production has commenced.

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24 Apr 2024 14:26

TRADING UPDATES: 88 Energy firms bookbuild; Gama Aviation inks deal

(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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19 Apr 2024 10:29

SDX Energy signs deal to dispose of West Gharib interests in Egypt

(Alliance News) - SDX Energy PLC on Friday said it has executed a binding sale and purchase agreement for the disposal of its West Gharib interests in Egypt.

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3 Apr 2024 14:27

SDX Energy commences drilling at well in Rharb basin, Morocco

(Alliance News) - SDX Energy PLC on Wednesday said it began drilling the Beni Malek-2 well in the Rharb basin, Morocco.

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3 Apr 2024 13:18

SDX starts drilling BMK-2 well in Morocco

(Sharecast News) - SDX announced the start of drilling operations for the Beni Malek-2 well (BMK-2) in the Rharb Basin of Morocco on Wednesday, situated 1.5 kilometres from the BMK-1 discovery well.

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27 Nov 2023 20:02

TRADING UPDATES: Live Co to cut jobs; SDX Energy in strategy shift

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

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27 Nov 2023 15:58

SDX Energy pivoting away from Egyptian assets

(Sharecast News) - SDX Energy updated the market on its strategic transformation on Monday, shifting its focus from solely an oil and gas business to becoming an integrated, hybrid energy provider in Morocco.

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22 Nov 2023 14:20

EXECUTIVE CHANGES: Ocean Harvest catches new CFO, Titon hires new CEO

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Wednesday and not separately reported by Alliance News:

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31 Oct 2023 17:58

TRADING UPDATES: Schroders Capital Global investee to be bought out

(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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5 Oct 2023 14:17

SDX Energy receives $1.9m pre-payment from Citic subsidiary

(Sharecast News) - Exploration and production company SDX Energy revealed on Thursday that it has received a payment of roughly $1.9m from a Citic Group subsidiary in relation to a gas pre-payment head of terms agreement.

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5 Oct 2023 10:16

AIM WINNERS & LOSERS: SDX Energy receives gas prepayment from Citic

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

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5 Oct 2023 09:56

SDX Energy shares surge on gas prepayment for Morocco well drilling

(Alliance News) - SDX Energy PLC on Thursday said it received around USD1.9 million from Dika Morocco Africa as part of a gas prepayment heads of terms announced in September.

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29 Sep 2023 11:51

EARNINGS: Ebiquity swings to profit; SDX Energy swings to loss

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

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28 Sep 2023 16:05

SDX Energy finds gas-charged sands in new well

(Sharecast News) - SDX Energy announced the successful drilling of the KSR-21 well on Thursday, achieving its target vertical depth of 1,955 metres, or 1,966 metres when considering the measured depth.

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