Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSFE.L Share News (SFE)

  • There is currently no data for SFE

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: Tullow Oil meets 2021 guidance; DP Eurasia sales rise

Wed, 26th Jan 2022 17:03

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

----------

Tullow Oil PLC - West Africa-focused oil and gas producer - For 2021, working interest oil production averages 59,200 barrels of oil per day, in line with guidance due to growth from the Jubilee field in Ghana and Simba field in Gabon. As a result, in addition to a realised oil price of USD63 per barrel, revenue is expected to be USD1.3 billion, down from USD1.40 billion in 2020. Looking ahead, 2022 production guidance is set between 55,000 to 61,000 barrels per day. However, this guidance will be adjusted following the sale of Occidental Petroleum's interest in Ghana to Kosmos Energy Ltd.

----------

DP Eurasia NV - master franchisee of the Domino's Pizza brand in Turkey, Russia, Azerbaijan and Georgia - For 2021, total systems sales increase 52% year-on-year to TRY2.38 billion, around USD175.4 million, from TRY1.60 billion, driven by strong demand in Turkey and an improved performance in Russia. On a like-for-like basis, system sales growth was 40.6% from 17.4%. Looking ahead, expects adjusted Ebitda for 2021 to be in line with expectations.

----------

Renew Holdings PLC - engineering services provider - For the first quarter ended December 31, performance is in line with management expectations, with order book standing at GBP742 million, up 9.6% from GBP677 million the same date a year before.

----------

Safestyle UK PLC - Bradford, England-based PVCu double-glazed windows provider - For the year ended January 2, underlying posttax profit is set to be ahead of market expectations, on top of revenue to rise 27% year-on-year to GBP143.3 million. Also reflects a 14% rise from the 2019 financial year. Looking ahead, expects operating conditions to improve in 2022.

----------

Real Estate Investors PLC - Midlands focused investment trust - Rent collections levels for 2021 reaches 97.8%, while occupancy at the year-end stood at 85.8%, down from 91.6% the year before.

----------

Ingenta PLC - Oxford, England-based provider of software and services to media - For 2021, expects revenue to remain flat at GBP10.1 million, but adjusted earnings before interest, tax, depreciation and amortisation at GBP1.5 million, up 25% from GBP1.2 million the year before. Will pay a final dividend of 2.0 pence per share for the year.

----------

ECSC Group PLC - Yorkshire, England and Brisbane, Australia-based cyber security services - For 2021, revenue rises 8% to GBP6.1 million from GBP5.7 million the year before, leading to expectations of positive adjusted Ebitda for the period.

----------

Zoo Digital Group PLC - Sheffield, England-based provider of cloud software and media services - For the year ending March 31, revenue is expected to be ahead of market expectations and come to at least USD57 million, a 44% rise from USD39.5 million the year before, driven by new territory launches and the return of new productions. Zoo has become the primary vendor for forthcoming European launch of a global streaming service, which is set to lead to significant orders.

----------

accesso Technology Group PLC - Berkshire, England-based provider of software for leisure, entertainment and cultural sectors - In spite of the effect of the new Omicron variant, for 2021 the company expects revenue be at least USD124 million, ahead of management expectations, and more than doubled from USD56.1 million in 2020. Also reflects a 5.8% rise from USD117.2 million in 2019.

----------

Oakley Capital Investments Ltd - investment trust - As at December 31, net asset value per share is 538 pence, up from 403p the same date a year prior. Over the course of 2021, the trust made GBP137 million in investments, and gained GBP121 million in the share of proceeds.

----------

Bloomsbury Publishing PLC - London-based publisher -For the year ending February 28, expects pretax profit and revenue to be ahead of current market expectations, which is for pretax profit of GBP20.1 million and revenue of GBP197.1 million. For the year prior, pretax profit was GBP17.3 million, and revenue GBP185.1 million.

----------

Diurnal Group PLC - Cardiff, Wales-based pharmaceutical company focused on hormonal diseases - Revenue for the six months ended December 31 rises 75% year-on-year to GBP2.2 million from GBP1.2 million, driven by growth in product sales of Alkindi and the initial launch of Efmody in Germany, UK and Austria. Looking ahead, Efmody sales are set to accelerate significantly in the first half of 2022, on expectations of receiving pricing and formulary approvals in its target European markets.

----------

Uniphar PLC - Dublin-based healthcare services firm - Performs in line with expectations for 2021, and expects to report at least an 8% rise in gross profit, driven by a strong performance from all businesses, especially Commercial & Clinical and Product Access.

----------

Gaming Realms PLC - London-based developer and licensor of mobile focused gaming content - For 2021, expects to report a 70% year-on-year increase in adjusted Ebitda to GBP5.6 million, and a 27% rise in revenue to GBP14.5 million, driven mainly by growth from the licensing business, which has launched in two new US iGaming markets of Michigan and Pennsylvania.

----------

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
5 Apr 2019 12:53

Friday broker round-up

(Sharecast News) - Purplebricks: Berenberg downgrades to sell with a target price of 80p.

Read more
21 Mar 2019 09:13

Safestyle Seeks Return To Profitability After Swing To Loss In 2018

LONDON (Alliance News) - Safestyle UK PLC on Thursday said it has started 2019 well after swinging to a loss in 2018 amid litigation costs.The PVC replacement windows retailer said it swung

Read more
21 Mar 2019 08:48

SafeStyle profits slip amid 'disruption' from new competitor

(Sharecast News) - Safestyle on Thursday reported that it swung to a loss in 2018 as the business incurred litigation costs and "an unprecedented period of disruption and change" resulted in a drop in revenue.

Read more
14 Mar 2019 16:04

UK Earnings, Trading Statements Calendar - Next 7 Days

Friday 15 March InvestecTrading Statement Berkeley GroupTrading GroupFull

Read more
5 Mar 2019 12:42

Safestyle UK Operating Chief Richell Resigns Amid Major Restructuring

LONDON (Alliance News) - Safestyle UK PLC said Tuesday that Chief Operating Officer Giles Richell has resigned with immediate effect, and he won't be replaced, as plastic-framed window maker

Read more
14 Jan 2019 13:44

Monday broker round-up

(Sharecast News) - Next: Credit Suisse downgrades to underperform with a target price of 4,800p.

Read more
17 Dec 2018 08:06

Safestyle losses widen following 'significant increase' in staffing

(Sharecast News) - PVCu manufacturer Safestyle has seen a significant increase in its contracted workforce since inking a commercial agreement with an individual involved in its dispute with NIAMAC Developments back in October.

Read more
7 Nov 2018 13:22

DIRECTOR DEALINGS: Safestyle UK Non-Executive Chairman Buys Shares

LONDON (Alliance News) - Safestyle UK PLC said Non-Executive Chairman Alan Lovell purchased 30,000 shares at a price of 96.2 pence per share on Monday.Following the GBP28,860 transaction, a

Read more
5 Nov 2018 12:46

Safestyle UK Appoints Julia Porter As Non-Executive Director

LONDON (Alliance News) - Safestyle UK PLC said Monday it appointed Julia Porter as non-executive director with immediate effect.The window and doors manufacturer said Porter is currently a

Read more
1 Nov 2018 08:03

Safestyle set for recovery after SafeGlaze collapse, says Liberum

(Sharecast News) - Double glazing group Safestyle rallied on Thursday as Liberum upped its price target on the buy-rated stock to 94p from 80p, pointing to the fact that competitor SafeGlaze has gone into administration.

Read more
30 Oct 2018 16:55

DIRECTOR DEALINGS: Safestyle UK CEO Buys GBP40,000 In Shares

LONDON (Alliance News) - Safestyle UK PLC said Tuesday Chief Executive Officer Mike Gallacher acquired 50,000 shares in the company.Gallacher purchased the shares at 79.5 pence each for a

Read more
22 Oct 2018 13:50

Liberum ups Safestyle to 'buy' as it signs commercial agreement

(Sharecast News) - Liberum upped Safestyle to 'buy' from 'hold' on Monday and boosted the target price to 80p from 50p as it now has much greater confidence in the recovery potential after the double glazing group signed a commercial agreement with its co-founder, Mitu Misra, who is working with competitor NIAMAC.

Read more
22 Oct 2018 12:35

Monday broker round-up

(Sharecast News) - British Land: Credit Suisse downgrades to underperform with a target price of 620p.

Read more
22 Oct 2018 10:53

Safestyle surges as it signs non-compete agreement with co-founder

(Sharecast News) - Shares in Safestyle surged on Monday as the AIM-listed double glazing group said it has signed a commercial agreement with its co-founder, Mitu Misra, who is now working with competitor NIAMAC.

Read more
22 Oct 2018 10:47

WINNERS & LOSERS SUMMARY: NMC Health Rises After Upping Guidance

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - WINNERS----------NMC up 4.8%. a

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.