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UK EARNINGS SUMMARY: Glantus, Cambria Africa revenue grows; SDX down

Mon, 30th May 2022 17:26

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

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Livermore Investments Group Ltd - investment company focused on fixed income instruments - Net asset value per share rises 14% to USD1.07 as at December 31 from USD0.94 on the same date a year before. Income from investments grows 25% to USD27.5 million from USD22.0 million. Net profit multiplies to USD24.7 million from USD845,000. Attributes results to recovery from Covid-19 pandemic and "milder" disruptions to economic activity throughout the year.

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Triple Point Social Housing REIT PLC - London-based real estate investment trust - NAV per share stands at 110.70p as at March 31, up 2.2% from 108.27p as at December 31. Declares dividend of of 1.37p per share. Targets a total dividend of 5.46p for 2022, up 5% from 5.20 in 2021.

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Rockfire Resources PLC - gold and base metal exploration company - Pretax loss widens to GBP744,953 in 2021 from GBP719,987 in 2020, on higher administrative expenses. Records no revenue, unchanged from the year before. Says its delighted with the progress across its portfolio so far.

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Triple Point VCT 2011 PLC - small and medium sized enterprises investor - NAV per A share as at February 28 stands at 13.25p, down 75% from 52.43p on the same date the year before. NAV per B share stands at 57.69p, up slightly 0.6% from 57.36p. NAV per venture share grows 22% to 113.55p from 93.26p. Attributes results to the "good" performance of its portfolio. Total dividends per A share multiply to 36.50p from 6.75p. Declares no dividends per B share in the year, compared to 5.00p the year before. Declares total venture share dividends of 3.00p, unchanged from last year. Believes its venture fund's portfolio remains well-positioned for future growth.

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Glantus Holdings PLC - Dublin, Ireland-based provider of automation and analytics solutions - Pretax loss widens to EUR2.3 million in 2021 from EUR201,000 in 2020, on higher administrative expenses. Revenue rises 28% to EUR10.5 million from EUR8.2 million. Credits revenue growth to its strong organic trading performance and the acquisition of Technology Insights Corp in July. Says trading in 2022 has been in line with expectations so far.

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abrdn Japan Investment Trust plc - investor in listed Japanese companies - Net asset value total return amounts to negative 10% in the year to March 31, underperforming the TOPIX benchmark's negative 2.7% total return. Discount to NAV per ordinary share widens slightly to 11.0% from 9.9%. Revenue return per share grows 59% to 8.5p from 6.6p, year-on-year. Blames weak performance on "fears of rising infections, the initially slow vaccination programme and Tokyo entering its third emergency lockdown" that weighed on markets, especially in the second half. Declares a final dividend of 9.0p, making for a total dividend of 15.0p, unchanged from financial 2021. Believes its strategy will serve its shareholders well "over the long term."

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Cambria Africa PLC - Zimbabwe-focused investment company - Pretax profit rises 79% to USD240,000 in the six months to February 28 from USD134,000 in the same period a year before. Revenue grows 38% to USD724,000 from USD526,000. This was mostly due to increased revenue from Tradanet, the company's 51% owned subsidiary.

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SDX Energy PLC - London-based oil and gas company focused on Egypt and Morocco - Records net revenue of USD11.2 million in the first quarter ended March 31, down 16% from USD13.4 million a year before. Blames this largely on USD2.3 million lower revenue in Morocco due to "the non-renewal of an expired customer contract and slightly lower realised pricing due to adverse [foreign exchange movements]". Says average entitlement production 4,017 barrels of oil equivalent per day was 17% higher than mid-point 2022 market guidance of 3,425 boepd. Says production in Morocco and at South Disouq was above 2022 guidance during the first quarter. Notes production at West Gharib was below guidance as production from the ongoing drilling campaign will contribute "more significantly" in the second half of 2022, and due to fewer wells being drilled in the period.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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6 May 2022 19:11

TRADING UPDATES: Enwell pleased with SV-31; SDX Energy ties in well

(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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3 May 2022 13:11

SDX Energy discovers gas at Sobhi well

(Sharecast News) - Middle East and North Africa-focussed SDX Energy announced a gas discovery at the SD-12 East well on Tuesday, which targeted a separate compartment in the Sobhi Field within the Ibn Yunus North development lease in Egypt.

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3 May 2022 11:57

IN BRIEF: SDX Energy shares rise on gas discovery at Egypt asset

SDX Energy PLC - oil and gas company focused on Egypt and Morocco - Says 67% owned SD-12 East well in Sobhi field at Ibn Yunus North discovers gas. The asset is located in Egypt. The primary basal Kafr El Sheikh target is met at 6,567 feet measured depth, discovering 70.2 feet of net pay gas sand with average porosity of 24%. Secondary target is encountered at 4,838 feet measured depth, discovering 9.1 feet of net pay gas sand with 31% porosity.

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21 Apr 2022 22:06

TRADING UPDATES: Warehouse REIT buys Bradwell Abbey; Ixico wins deal

(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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8 Apr 2022 17:12

IN BRIEF: SDX Energy spuds MSD-20 development well in Egypt

SDX Energy PLC - oil and gas company focused on Egypt and Morocco - Spuds the MSD-20 infill development well on the Meseda field in Egypt. This is the third fully funded 13-well development campaign at the Meseda and Rabul oil fields. The campaign aims to grow production to between 3,500 to 4,000 barrels per day by early 2023.

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7 Apr 2022 14:39

IN BRIEF: SDX Energy makes positive progress on SD-5X well in Egypt

SDX Energy PLC - oil and gas company focused on Egypt and Morocco - Provides an update on its 37% owned SD-5X discovery well at the South Disouq development lease in Egypt. Says well was perforated and tested on March 30. Well flowed at a rate of 10 million standard cubic feet per day on a 26/64 inch choke. SDX expects the well to produce at an optimum stabilised rate between 8 to 9 million standard cubic feet per day. Well will be tied in to the SD-4X flow-line at an estimated cost of USD500,000. Expects well to be on production in June. Next, the company is moving onto the second well in the campaign, SD-12 East, which is expected to spud in mid-April.

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22 Mar 2022 21:00

TRADING UPDATES: Marlowe makes acquisition; Kavango backs out of 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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18 Mar 2022 17:29

IN BRIEF: SDX Energy swings to annual loss on higher one-off costs

SDX Energy PLC - London-based oil and gas company with projects in Egypt and Morocco - Revenue in 2021 rises to USD53.9 million from USD46.1 million. Swings to pretax loss of USD17.1 million from USD1.4 million profit. Exploration and evaluation expense increases to USD14.1 million from USD5.8 million. Depletion, depreciation and amortisation charges up to USD32.6 million from USD25.2 million. In addition, company posts USD9.5 million impairment expense, against none in year prior.

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17 Mar 2022 16:14

SDX Energy begins oil production from Egypt infill well

(Sharecast News) - Middle East and North Africa-focussed SDX Energy announced the start of oil production at the MSD-25 infill development well on the Meseda field on Thursday, in its West Gharib concession in Egypt, where it has a 50% working interest.

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8 Mar 2022 19:36

IN BRIEF: SDX Energy spuds well in South Disouq to explore potential

SDX Energy PLC - London-based oil and gas company with projects in Egypt and Morocco - Spud the SD-5X well, which will target the Warda prospect in the South Disouq development lease in Morocco.Well is targeting an estimated gross unrisked P50 EUR of 11 billion cubic feet and has a 40% chance of success.

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4 Mar 2022 20:53

TRADING UPDATES: IOG to cut Gazprom ties; wholesale changes at Donegal

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

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1 Feb 2022 11:57

SDX Energy shares down on lower production guidance for 2022

SDX Energy shares down on lower production guidance for 2022

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24 Jan 2022 11:40

IN BRIEF: SDX Energy spuds second well in Egypt development

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6 Jan 2022 11:02

SDX Energy jumps after oil production commences at well in Egypt

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