The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksStar Energy Share News (STAR)

Share Price Information for Star Energy (STAR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 9.32
Bid: 9.32
Ask: 9.94
Change: -0.13 (-1.38%)
Spread: 0.62 (6.652%)
Open: 9.50
High: 9.50
Low: 9.24
Prev. Close: 9.45
STAR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EARNINGS AND TRADING: RM says Consortium closure progressing to plan

Thu, 14th Dec 2023 19:29

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

----------

RM PLC - Abingdon, England-based supplier of technology and resources to the education sector - Expects to report revenue for year ended November 30 of GBP196 million, down 8.5% from GBP214.2 million. "The Assessment division continues to grow, with increased revenue and profitability reflecting the emerging opportunities in the global digital assessment market. As anticipated, the Technology division has returned to profitability in the second half. TTS International performed well in the year with TTS UK held back in a more challenged UK market and the company remains excited by the opportunities for its TTS product range across its geographic markets," it says. Says closure of Consortium business "progressing to plan". It adds: "Consortium ceased taking new customer orders in the first week of December and options to transfer to TTS or sell the remaining stock are progressing. As previously guided, the accounts for the year ended 30 November 2023 are expected to show a material write-off of the carrying value of Consortium and its related assets as a non-cash item, and include an additional provision for exit costs. There is no cash impact from the closure in FY23."

----------

Sutton Harbour Group PLC - Plymouth, England-based waterfront regeneration specialist - Revenue in six months to September 30 totals GBP4.4 million, largely unmoved on-year. Swings to pretax loss of GBP119,000 from GBP223,000 profit. Financial expenses surge to GBP928,000 from GBP463,000. Executive Chair Philip Beinhaker says: "In the period under review and into recent months, the company has delivered the construction work and full occupation of two major projects in Sutton Harbour, both which have already added to the quality of the local built environment and are the first significant developments in more than a decade around Sutton Harbour. The company is committed to continuing with its development programme to ensure the future quality and sustainability of the area and delivery of medium to long-term value for investors."

----------

Worsley Investors Ltd - investor focused on "undervalued securities" and currently realising real estate assets - Net asset value per share slips 3.0% to 42.59 pence at September 30 half-year end, from 43.92p at end of March. Says negative 3.0% net asset value total return undershoots 1.4% expansion from FTSE All Share Index.

----------

Gore Street Energy Storage Fund PLC - investor in utility-scale energy storage projects - Net asset value per share at September 30 half-year end declines 2.3% to 112.9 pence from 115.6p at end of March. "I am pleased to report that the company's strategy, enabled by the active role of the investment manager, despite difficult stock market conditions, has allowed the business to continue to meet its objectives," says Alex O'Cinneide, chief executive of firm's investment manager. "This positive trajectory is reflected in portfolio performance, which maintained the highest revenue on both a per MW and absolute basis among our listed peers during the period whilst being the cost leader on capital cost per MW/MWh fully installed." Dividends paid during period increase to 3.5p from 3.0p a year prior.

----------

STS Global Income & Growth Trust PLC - has a "balanced portfolio constructed from global equities" - Net asset value per share cum income at half-year ended September 30 down slightly to 220.09p from 220.37p at end of March. Ex income, it is down 216.67p from 218.37p. Lifts dividend to 3.05p per share from 2.90p a year prior. NAV total return amounts to 0.7%, topping Lipper Global - Equity Global Income Index's 0.5% rise. In November, it agreed a tie-up with Troy Income & Growth Trust PLC. The combination will be implemented through a scheme of reconstruction. Troy Income is to be liquidated and its assets transferred to STS. STS shares will then be issued to Troy Income shareholders. Troy Income shareholders will also be given the option of a 100% cash exit.

----------

Miton UK MicroCap Trust PLC - investor in small cap companies - Net asset value per share at October 31 half-year end reduces 16% to 54.10 pence from 64.20p at end of March. "Over the last three years, UK stock market sentiment has remained weak. But even so, as the globalisation trend has faded, it is noteworthy that UK large caps, typically capital-intensive businesses paying out a stream of good and growing dividends, have now started to outperform nearly all other comparators. Whilst UK large caps have now started to generate premium returns, the usual pattern of UK microcap outperformance has not been evident over the last three years," Chair Ashe Windham says. "The key point is that market sentiment can change dramatically, as it did after March 2020 when UK quoted microcaps, and this trust in particular, generated very strong returns. Against this background, UK microcaps appear overdue for a period of major performance catch-up."

----------

JPMorgan Asia Growth & Income PLC - investor in Asia-Pacific firms - Net asset value per share at September 30 full-year end increases 2.2% to 378.8 pence from 370.6p 12 months earlier. Lifts fourth-quarter dividend by 2.7% on-year to 3.8p per share from 3.7p. Total dividend amounts to 15.7p, down from 16.5p.

----------

Star Energy Group PLC - onshore energy company - Says on track to deliver its full-year production target of around 2,090 barrels of oil equivalent per day. "Uptime across the portfolio has remained strong with good results from workovers at Singleton and a rolling programme of well optimisation and stimulation that has yielded additional production equal to 50 boepd over this year," it adds.

----------

By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
15 May 2015 08:33

Starcom Loss Widens As Accounting Change Hits Revenue

Read more
8 Apr 2015 10:47

WINNERS & LOSERS: Shell's BG Takeover Lifts Oil Stocks

Read more
8 Apr 2015 09:46

Starcom plunges as change in accounting policy means results will miss expectations

Shares in Starcom fell over 8% on Wednesday, after the technology group warned that a change in accounting policy will lead to its annual results coming in below market expectations. The Jersey-based group said it will no longer recognise revenue in respect of "bill and hold" sale prior to the deliv

Read more
8 Apr 2015 07:22

Starcom Changes Accounting Policy, To Miss Market Expectations

Read more
14 Jan 2015 17:16

Starcom Says "No Basis" For Investor Bulletin Board Contract Rumours

Read more
29 Dec 2014 08:08

Starcom soars on German Porsche deal

Shares in Starcom rose to the top of the tree on Monday on news that the AIM-listed company's vehicle tracking technology had been selected by a Porsche retail dealership in Germany, raising hopes of wider adoption. Starcom's Helios TT vehicle tracking system will be offered to customers of Porsche

Read more
23 Sep 2014 11:58

CORRECT: UK MIDDAY BRIEFING: FCA Fines Barclays Again For Client Asset Breaches

Read more
23 Sep 2014 11:43

UK MIDDAY BRIEFING: FCA Issues Its Biggest Ever Fine To Barclays

Read more
23 Sep 2014 11:22

UK WINNERS & LOSERS: Tate & Lyle Falls Sharply; Miners Rebound

Read more
23 Sep 2014 07:50

Starcom Shares Drop On Profit Warning As Ukraine Crisis Bites

Read more
17 Jul 2014 11:49

UK MIDDAY BRIEFING: ITV Jumps, Sports Direct Slumps

Read more
17 Jul 2014 11:15

UK WINNERS & LOSERS: ITV Jumps As Merger Talk Drives Stock Movers

Read more
17 Jul 2014 10:25

Starcom Wins Central And South American Distribution Deal

Read more
27 May 2014 09:13

Starcom Wins USD1.8 Million Contract But Sees Slow Start To Year

LONDON (Alliance News) - Starcom PLC said Tuesday that it had won a new three-year contract worth USD1.8 million with a Guatemalan distributor, but added that it had seen a slow start to year, hit by events in Ukraine, in a statement ahead of its annual general meeting. Starcom said the dis

Read more
2 Apr 2014 08:42

Starcom 2013 Profit Hit By Ukraine Crisis, Exchange Rate Losses

LONDON (Alliance News) - Starcom PLC said Wednesday it saw pretax profit drop in 2013, despite posting a rise in revenue, as it was hit by the crisis in Ukraine and exchange-rate losses. The wireless tracking and monitoring products company posted a pretax profit of USD794,000 in 2013, down

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.