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Pin to quick picksSerica Energy Share News (SQZ)

Share Price Information for Serica Energy (SQZ)

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Share Price: 209.40
Bid: 209.20
Ask: 209.60
Change: 2.80 (1.36%)
Spread: 0.40 (0.191%)
Open: 208.80
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Low: 206.80
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TRADING UPDATES: 4Global to top forecasts; Nanoco wins deal

Thu, 17th Mar 2022 19:43

(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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4Global PLC - London-based data, services and software for sporting events and the promotion of physical activity - Set to achieve 35% revenue growth in year ending March 31, in line with expectations. Adjusted earnings before interest and tax and adjusted earnings before interest, tax, depreciation and amortisation to top expectations. Market consensus for adjusted Ebit is GBP316,000, while for adjusted Ebitda it is GBP325,000. "The company is also delighted to be awarded a contract to provide assistance with the forthcoming Commonwealth Games in Birmingham this summer. 4GLOBAL is providing support to manage the delivery of security operations for the entire event. This role will provide assurances that the correct planning has been undertaken to date, validating security strategies and testing operational plans," 4Global says. Pact is worth GBP130,000 and will be recognised in financial 2023. Adds: "The company is also pleased to report that it has won a number of licence contracts with both local authorities and operators for the use of 4GLOBAL's Social Value Calculator. The SVC enables leisure providers to measure and provide evidence of the social value created from investment in sport and physical activity enabling clients to calculate and estimate of the monetary value arising from investment."

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Nanoco Group PLC - Manchester-based quantum dots developer - Signs further pact with "important" European electronics customer. Will deliver enhanced and scaled up version of its technology. Now expects revenue for year to July 31 to exceed GBP2.1 million from year earlier. "The revenue from this fourth work package with the customer will contribute to the group's performance in the third quarter of FY22," Nanoco says.

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Ariana Resources PLC - exploration firm with interests in Turkey - Announces 2022 output guidance at joint venture Kiziltepe mine. Gold output of 25,000 ounces expected, 2.5 times larger than feasibility plan for this stage of mine life and up from 20,737 ounces in 2020.

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Zenith Energy Ltd - Calgary, Canada-based oil & gas company - Enters into USD6.0 million unsecured convertible loan facility with consortium of lenders. Facility includes immediate USD2.0 million drawdown. Each drawdown has repayment term of 15 months. Facility carries 9% yearly interest. Zenith issues lenders with 92.1 million share purchase warrants at price of GBP0.012 each.

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Altus Strategies PLC - Didcot, England-based mining royalty company - Reports "further significant gold intersections" from drilling of Diba & Lakanfla gold project in Mali.

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Deepverge PLC - Dublin-based environmental and life science group - Buys engineering services company Glanaco Ltd for GBP1.1 million, GBP650,000 in shares and GBP430,000 in cash. Deepverge also secures mezzanine loan worth up to GBP25 million with Riverfort Global Opportunities PCC Ltd and YA II PN Ltd. Facility available for up to three years in form of 12-month mezzanine loan notes.

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S-Ventures PLC - AQSE-listed investment firm focused on health & wellness, organic food and wellbeing sectors - Revenue in 16 months to September 30 amounts GBP1.5 million. Pretax loss comes in at GBP1.0 million.

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Castillo Copper Ltd - Perth, Australia-based exploration company focused on copper across Australia and Zambia - Revenue in six months to December 31 totals USD293,000, down from USD497,000 a year prior. Pretax loss narrows to GBP781,670 from GBP1.1 million. "The main focus was to continue developing the core assets to ensure the strategic intent to transform Castillo Copper into a mid-tier copper group remained on track," Castillo says.

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Argo Group Ltd - London-based alternative investment manager - Revenue in 2021 rises to GBP4.4 million from GBP3.3 million. Pretax profit falls to GBP298,000 from GBP1.7 million. Company posts GBP600,000 loss on investment, swinging from GBP1.5 million gain in 2020.

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Serica Energy PLC - gas producer in UK North Sea - Production from Rhum field restarts, after replacement of faulty component at Rhum Subsea Control Module. "Production from the Bruce field has continued throughout these operations and Serica's other producing fields (Erskine and Columbus) were not impacted by this Rhum issue," Serica says. During Rhum shutdown, net output has been in excess of 15,000 barrels of oil equivalent per day.

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Guild Esports PLC - London-based esports company - Makes Razer its official gaming chair partner in two-year sponsorship pact. "The total contract value, which is confidential, is 80% payable in cash over two years and the balance is payable as value in kind, for which Razer will be providing state-of-the-art gaming chairs for Guild's professional players and content creators globally, along with gaming chairs for the Guild Academy and Guild's headquarters, which will open in London's Shoreditch later this year," Guild says.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
24 Apr 2024 12:21

Serica Energy revenue, earnings fall in full-year results

(Sharecast News) - Serica Energy reported a shift in average realised sales prices in its final results on Wednesday, with post-hedging prices averaging around $63 per barrel of oil equivalent for 2023, a decrease from $104 in 2022.

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24 Apr 2024 10:57

Serica Energy annual revenue and profit drop on lower gas prices

(Alliance News) - Serica Energy PLC on Wednesday said its full-year earnings were hurt by a drop in natural gas prices, and also announced the launch of a share buyback programme.

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24 Apr 2024 07:42

LONDON BRIEFING: Lloyds profit takes hit; Jet2 cuts guidance

(Alliance News) - Stocks in London are set to open higher on Wednesday, as the release of some key US data edges closer

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17 Apr 2024 14:00

UK earnings, trading statements calendar - next 7 days

Thursday 18 April 
AJ Bell PLCTrading Statement
BHP Group LtdTrading Statement
Devolver Digital IncFull Year Results
Dunelm Group PLCTrading Statement
easyJet PLCTrading Statement
Foxtons Group PLCTrading Statement
HydrogenOne Capital Growth PLCFull Year Results
Keystone Law Group PLCFull Year Results
LBG Media PLCFull Year Results
Pod Point Group Holdings PLCFull Year Results
Rentokil Initial PLCTrading Statement
Segro PLCTrading Statement
Friday 19 April 
888 Holdings PLCTrading Statement
Man Group PLCTrading Statement
Monday 22 April 
Brave Bison Group PLCFull Year Results
Elixirr International PLCFull Year Results
Frenkel Topping Group PLCFull Year Results
South32 LtdQ3 Results
Ten Lifestyle Group PLCHalf Year Results
Tuesday 23 April 
Alliance Pharma PLCFull Year Results
Alphawave IP Group PLCFull Year Results
Anglo American PLCTrading Statement
ASA International Group PLCFull Year Results
Associated British Foods PLCHalf Year Results
Eleco PLCFull Year Results
GB Group PLCTrading Statement
Jupiter Fund Management PLCTrading Statement
Maintel Holdings PLCFull Year Results
Property Franchise Group PLCFull Year Results
Taylor Wimpey PLCTrading Statement
tinyBuild IncFull Year Results
Trellus Health PLCFull Year Results
Wednesday 24 April 
1Spatial PLCFull Year Results
abrdn PLCTrading Statement
Ecora Resources PLCTrading Statement
Fresnillo PLCTrading Statement
Lloyds Banking Group PLCQ1 Results
Nichols PLCTrading Statement
PensionBee Group PLCFirst Quarter Results
PZ Cussons PLCTrading Statement
Reckitt Benckiser Group PLCTrading Statement
Sanderson Design Group PLCFull Year Results
Serica Energy PLCFull Year Results
Star Energy Group PLCFull Year Results
Tortilla Mexican Grill PLCFull Year Results
Tracsis PLCHalf Year Results
Warpaint London PLCFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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7 Mar 2024 11:14

Serica Energy starts year well, but slates UK energy tax extension

(Alliance News) - Serica Energy PLC on Thursday heralded a good start to 2024, maintaining annual guidance, though it criticised the extension of the energy profits levy announced in the UK government budget on Wednesday.

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7 Mar 2024 10:04

Serica maintains production guidance as year-end reserves expand

(Sharecast News) - UK North Sea-focussed oil and gas firm Serica Energy said in an update on Thursday that as of 31 December, it had net proved plus probable, or '2P', reserves totaling 140 million barrels of oil equivalent.

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4 Mar 2024 08:59

LONDON BROKER RATINGS: Jefferies says buy BP; UBS says buy Compass

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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26 Feb 2024 11:20

Serica Energy finalises acquisition of Greater Buchan stake

(Sharecast News) - Serica Energy announced on Monday that it had finalised the acquisition of a 30% non-operated stake in the Greater Buchan Area (GBA) licences, comprising P2498 and P2170, from Jersey Oil & Gas (JOG).

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26 Feb 2024 09:08

Jersey Oil, Serica complete farm-out agreement in Greater Buchan Area

(Alliance News) - Serica Energy PLC and Jersey Oil & Gas PLC on Monday said they have completed the Greater Buchan Area farm-out agreement.

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5 Feb 2024 10:59

Serica Energy confident despite production challenges

(Sharecast News) - Serica Energy said in an update on Monday that its pro-forma net production in 2023 averaged 40,121 barrels of oil equivalent per day, including production from the fields owned by Tailwind since 1 January 2023.

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5 Feb 2024 09:12

Serica Energy sets annual production guidance; welcomes new CFO

(Alliance News) - Serica Energy PLC on Monday set its production guidance for 2024, and said recently appointed chief fiancial officer, Martin Copeland, has officially begun his role at the company.

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1 Feb 2024 12:03

Mitch Flegg to step down as Serica CEO

(Sharecast News) - Serica Energy announced a significant leadership change on Thursday, with Mitch Flegg set to step down from his role as chief executive officer and director.

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1 Feb 2024 10:12

IN BRIEF: Serica Energy says CEO Flegg to step down after six years

Serica Energy PLC - oil and gas company operating in the UK North Sea - Chief Executive Officer Mitch Flegg will step down from his role, after a six-year tenure and "some forty years in the industry", after Serica's full year results are published. He will remain as an advisor until after the next annual general meeting, which Serica expects to convene in June this year. Chair David Latin will take over as interim CEO until the company appoints a long-term successor. Serica says Flegg "leaves the company in its best ever health". Company has commenced search for a successor, to be supported by external advisors.

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23 Jan 2024 10:24

IN BRIEF: Serica Energy completes USD525 million borrowing facility

Serica Energy PLC - London-based upstream oil and gas company - Announces completion of its USD525 million, six-year reserves-based lending facility "following satisfaction of the conditions precedent". In December, the company signed the secured RBL facility, structured and coordinated by DNB and ING Bank NV, with support from Nedbank CIB, Natixis, London Branch and ICBC Standard Bank PLC. Serica said that the facility would provide "significantly increased liquidity to support future acquisitions and investments". The facility replaces Serica's former RBL facilities, which had USD271 million drawn. In December, the company said that this amount would be fully repaid upon the new facility's completion.

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4 Jan 2024 09:31

LONDON BROKER RATINGS: Jefferies cuts Tullow; Berenberg likes Volex

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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