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Pin to quick picksThor Energy Share News (THR)

Share Price Information for Thor Energy (THR)

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Share Price: 0.90
Bid: 0.80
Ask: 1.00
Change: -0.15 (-14.29%)
Spread: 0.20 (25.00%)
Open: 1.05
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EARNINGS: dotdigital eyes rosy future; Beeks Financial turns to profit

Tue, 05th Mar 2024 20:43

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

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Beeks Financial Cloud Group PLC - Glasgow-based cloud computing and connectivity provider - Swings to pretax profit of GBP158,000 in the six months to December 31, from a loss of GBP762,000 a year prior. Revenue climbs 25% to GBP13.0 million from GBP10.4 million. Cost of sales increase 31% to GBP8.2 million from GBP6.2 million, while admin expenses decrease 4.2% to GBP4.7 million from GBP4.9 million. Looking ahead, Chief Executive Officer Gordon McArthur says the company is confident as it was underlining "the size of the opportunity we are addressing. Financial markets are still only at the start of the journey to the cloud. With our proven offering and growing tier 1 customer base, which includes some of the largest financial organisations in the world, as well as our increasing profit margins and cash generation, we have never been better placed to seize the opportunity. Our focus for the second half remains the conversion of our significant pipeline."

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dotdigital Group PLC - London-based online marketing company - Pretax profit edges down negligibly to GBP7.38 million in the six months to December 31, from GBP7.42 million a year prior. Revenue however grows 15% to GBP38.7 million from GBP33.8 million. Cost of sales increase 14% to GBP8.0 million from GBP7.1 million. Administrative expenses increase 16% to GBP22.4 million from GBP19.2 million. Looking ahead, the company says it enters the second financial half "with good trading momentum and the ability to attract higher value deals, underpinned by continuous product enhancements to drive cross- and up-sells from the existing base." It adds: "We remain confident in the group's ability to continue to execute against its stated strategy and meet market expectations."

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MaxCyte Inc - Maryland, US-based provider of cell engineering platform technologies developing "next-generation cell therapeutics" - Confirms 2023 results it had announced in January. Further, expects core revenue growth of between none and 5% in 2024 compared to 2023. Expects strategic platform license programme-related revenue of around USD3 million for the year, down sharply from USD11.4 million in 2023. CEO Maher Masoud says: "As we continue to expand our SPL portfolio this year, we remain confident in our ability to support our current and prospective clients as new waves of next-generation cell therapies come to market."

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Origin Enterprises PLC - Dublin-based agronomy services firm - Pretax profit dives 96% to EUR5.3 million in the six months to January 31, from EUR13.3 million a year prior. Revenue drops 28% to EUR854.9 million from EUR1.18 billion. Notes an expected correction in global feed and fertiliser raw materials regarding decline in revenue. Despite the results, maintains interim dividend at 3.15 euro cents per share. Looking ahead, says on-farm sentiment remains cautious as growers shift towards spring planting and seek to optimise yields from a reduced autumn/winter planted area. Further, expects financial 2024 earnings per share between 44 and 49 euro cents, reflecting adverse weather. This compares to EPS of 45.24c Origin Enterprises had reported for financial 2023.

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Thor Energy PLC - US and Australia-focused mineral exploration company - Pretax loss widens to GBP2.3 million in the six months to December 31, from GBP8,000 a year prior. Posts no revenue. Notes costs regarding a write off of exploration assets of around GBP1.9 million in the most recent half-year, compared to no such cost a year prior. Managing Director Nicole Warland says: "After ending the year with consistent high-grade uranium results from our 2023 drilling program, we are optimistic about our 2024 drilling programs as we continue to strategically position our portfolio towards advancing our 'green energy' projects in the US." She adds: "With a strong pipeline of news flow expected for the coming months and project milestones across the portfolio, we anticipate 2024 to provide significant progress in our key assets and we will provide further updates in due course."

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Time Out Group PLC - Global media and hospitality business - Pretax loss narrows 63% to GBP4.6 million in the six months to December 31, from GBP12.5 million a year prior. Revenue falls 2.4% to GBP52.5 million from GBP53.8 million. However, like-for-like revenue in constant currency climbs 6.9% to GBP54.9 million from GBP51.4 million. Time Out says it has made "significant" further progress in driving profitability and operational cash generation. It says it has several potential growth avenues, citing collaboration with leading landlords and developers.

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By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
22 Nov 2023 14:01

Thor Energy completes drilling programme at Wedding Bell project

(Alliance News) - Thor Energy PLC on Wednesday said that it has completed a reverse circulation drilling programme at its fully-owned Wedding Bell and Radium Mountain projects, which are located in the Uravan Mineral Belt in southwest Colorado.

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15 Nov 2023 11:41

IN BRIEF: Thor Energy shares surge on "significant" uranium find

Thor Energy PLC - US and Australia-focused mineral exploration company - Says drilling has revealed significant uranium mineralisation at its Wedding Bell and Radium Mountain projects in southwest Colorado. Reports up to 3,186 parts per million or 0.32% uranium at the Rim Rock mine along a strike of historic mined-out areas. Says 16 drillholes now complete at the Rim Rock and Section 23 prospects, with uranium mineralisation intercepted in all of them. Drilling will continue at Rim Rock before commencing at the Groundhog prospect. Thor Energy expects the drilling programme to conclude later this month.

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8 Nov 2023 14:12

IN BRIEF: Thor Energy says Investigator Resources starts Molyhil drill

Thor Energy PLC - London-based, US and Australia-focused mineral exploration company - Says Investigator Resources Ltd starts drilling at Molyhil tungsten project in northern Australia. Thor holds 100% stake in Molyhil. Last year, it executed an AUD8 million, or GBP4.2 million, farm-in and funding agreement with IVR to accelerate exploration at Molyhil.

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7 Nov 2023 18:11

TRADING UPDATES: Actual Experience appoints administrators

(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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3 Nov 2023 14:48

Thor Energy ups stake in Alford East project to 80pc

(Sharecast News) - Thor Energy increased its stake in the Alford East Copper Oxide Project to 80% on Friday, following the completion of the stage two expenditure obligations.

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3 Nov 2023 10:45

IN BRIEF: Thor Energy increases stake in Alford East project to 80%

Thor Energy PLC - London-based, US and Australia-focused mineral exploration company - Increases Alford East copper oxide project interest to 80% from after acquiring a further 29% interest from Spencer Metals Pty Ltd. Says Spencer received consideration of AUD250,000, or GBP131,854, in the form of around 9.3 million fully paid Thor shares issued on Friday at AUD0.027 per share. Managing Director Nicole Gallaway says: "As exploration accelerates at our Alford East Copper-REE project in collaboration with Fleet Space Technology, Thor is excited to have completed its stage 2 earn-in resulting in an 80% interest in this highly prospective project. This demonstrates our confidence in the Alford East project and the value we believe it can bring to the company."

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18 Oct 2023 13:30

IN BRIEF: Thor Energy starts uranium drilling at Colorado projects

Thor Energy PLC - London-based, US and Australia-focused mineral exploration company - Announces commencement of drilling at its 100%-owned Wedding Bell and Radium Mountain projects. Both are located in the Uravan mineral belt in southwest Colorado. Thor says the 4,000 metre drilling programme will target uranium mineralisation along strike of the Rim Rock and Groundhog mines and focus on testing for airborne anomalies. Company will conduct downhole gamma surveys throughout the programme. Drilling is expected to take four to six weeks with completion in late November, with sample analysis results expected in December or January. Says current uranium spot price is USD73 per pound.

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3 Oct 2023 09:59

Thor Energy surveying underway at Alford East using Fleet Space tech

(Alliance News) - Thor Energy PLC on Tuesday said its mineral exploration partnership with Fleet Space Technologies Pty Ltd has started at the Alford East copper project in South Australia with surveying underway.

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29 Sep 2023 14:35

EARNINGS: Supply@Me loss narrows; notes strong pipeline

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

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20 Sep 2023 19:15

TRADING UPDATES: Thor Energy fundraise to support drilling activities

(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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18 Sep 2023 11:38

IN BRIEF: Thor Energy halts Sydney trades due to planned capital raise

Thor Energy PLC - London-based uranium and vanadium explorer - Says trading of its shares on the Australian Securities Exchange in Sydney has been halted, effective Monday. This is in accordance with ASX listing rules due to its plans to raise capital towards funding its exploration activities, particularly towards its "priority" uranium assets. Says the trading of shares on AIM in London is unaffected. The ASX trading halt will remain in place until the earlier of Wednesday or a further release by the company, Thor Energy says.

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13 Sep 2023 18:54

Thor Energy hails government approval for testing at copper project

(Alliance News) - Thor Energy PLC on Wednesday celebrated after the South Australian government approved the first stage of in-groundwork at Kapunda, the firm's in-situ recovery project.

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4 Sep 2023 11:55

Thor Energy partners with Fleet Space for mineral exploration

(Alliance News) - Thor Energy PLC on Monday said it will collaborate with Fleet Space Technologies Pty Ltd to carry out ambient noise tomography surveys at the Alford East Copper-REE project in southern Australia.

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17 Aug 2023 16:19

Thor gets needed approvals for new drilling programme

(Sharecast News) - Thor Energy announced on Thursday that it has secured all the necessary approvals for its upcoming drilling operations in the Wedding Bell and Radium Mountain projects.

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17 Aug 2023 10:37

AIM WINNERS & LOSERS: Tremor cuts guidance after soft first half

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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