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Pin to quick picksSerica Energy Share News (SQZ)

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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
21 Mar 2023 09:33

Serica notes conditions to buy Tailwind Energy have been satisfied

(Alliance News) - Serica Energy PLC on Tuesday said that the conditions for the acquisition of Tailwind Energy Investments Ltd from Tailwind Energy Holdings LLP have been satisfied.

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20 Feb 2023 09:03

Serica Energy announces start of production at Gannet well

(Sharecast News) - Serica Energy announced on Monday that production had started at the Gannet GE-04 well via the Triton floating production, storage and offloading (FPSO) vessel, following its final commissioning.

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20 Feb 2023 08:53

Serica Energy "delighted" by initial production rates at Tailwind well

(Alliance News) - Serica Energy PLC on Monday said Tailwind Energy Investments Ltd reported strong first production at the Gannet GE-04 well.

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20 Feb 2023 07:53

LONDON BRIEFING: Darktrace calls in E&Y; Bank of Cyprus payout near

(Alliance News) - Stocks in London were set to open higher on Monday, following a decent handover from Asia, as equities look to reverse some of Friday's weakness that was prompted by US rate hike fears.

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7 Feb 2023 10:19

IN BRIEF: Serica Energy expects annual production to nearly double

Serica Energy PLC - London-based independent oil & gas exploration and production company - Says net production in 2022 averages 26,182 barrels of oil equivalent per day, compared to 23,727 boepd in 2021. Serica Energy says net output continues to benefit from the investment programmes that it has undertaken since the acquisition of interests in Bruce, Keith and Rhum in 2018. The three producing fields are in the UK northern North Sea.

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23 Jan 2023 10:10

IN BRIEF: Serica Energy says Rhum Field license renewed until 2025

Serica Energy PLC - London-based independent oil and gas exploration and production company - says it has received a renewed license and secondary sanctions assurance from the US Office of Foreign Assets Control for its 50% owned North Sea Rhum Field. The company says this allows operations and production at site, which delivers gas to UK consumers, to continue unaffected. Serica says the new license covers a 2 year period, to expire on January 31, 2025.

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20 Jan 2023 15:45

UK shareholder meetings calendar - next 7 days

Monday 23 January 
Midatech Pharma PLCGM re proposed acquisition of Bioasis Technologies Inc
Tuesday 24 January 
C4X Discovery Holdings PLCAGM
Marston's PLCAGM
Smiths News PLCAGM
Wednesday 25 January 
City of London Group PLCGM re proposed share distribution and cancellation
Doric Nimrod Air One LtdEGM re special resolution to disapply the pre-emption rights
Infrastructure India PLCAGM
Lowland Investment Co PLCAGM
Majedie Investments PLCAGM
Majedie Investments PLCGM re appointment of the new investment manager
Thursday 26 January 
Auction Technology Group PLCAGM
Barings Emerging EMEA Opportunities PLCAGM
Britvic PLCAGM
Greencore Group PLCAGM
Henderson European Focus Trust PLCAGM
Friday 27 January 
Avon Protection PLCAGM
Henderson Far East Income LtdAGM
Ixico PLCAGM
NB Global Monthly Income Fund LtdEGM re proposed managed wind-down
On The Beach Group PLCAGM
Pathfinder Minerals PLCGM re capital raise
Serica Energy PLCGM re consideration shares approval
Treatt PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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10 Jan 2023 14:31

Director dealings: Serica Energy director makes share purchase

(Sharecast News) - Serica Energy revealed on Tuesday that non-executive director David Latin had acquired 14,500 ordinary shares in the AIM-listed gas producer.

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9 Jan 2023 12:44

Serica Energy says Tailwind acquisition will nearly double production

(Alliance News) - Serica Energy PLC on Monday said it achieved average net production of 26,050 barrels of oil equivalent per day in 2022, and forecast a net production of between 40,000 and 47,000 barrels in 2023, after it completes its acquisition of Tailwind Energy Investments Ltd.

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20 Dec 2022 21:39

TRADING UPDATES: Serica Energy to buy Tailwind Energy

(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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20 Dec 2022 11:08

Serica to join forces with Tailwind Energy

(Sharecast News) - Oil and gas firm Serica Energy is to buy fellow North Sea operator Tailwind Energy Investments in a £644m deal.

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5 Dec 2022 13:38

Serica production in-line as it seeks tax clarity

(Sharecast News) - UK North Sea-focussed upstream oil and gas company Serica Energy updated the market on its recent operations on Monday, reporting that the North Eigg exploration well '3/24c-6B' had been drilled to a total depth of 16,728 feet in the Jurassic Heather formation.

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5 Dec 2022 10:30

Serica Energy suspends well as commercial hydrocarbon volumes in doubt

(Alliance News) - Serica Energy PLC on Monday said initial analysis has detected hydrocarbons at the North Eigg exploration well, but commercial quantities have not been established.

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28 Nov 2022 09:44

LONDON BROKER RATINGS: UBS cuts Persimmon to 'sell' from 'neutral'

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

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17 Nov 2022 18:27

UK hits power firms with windfall tax, hikes oil company levy

Windfall tax on oil and gas companies rises to 35%

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