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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
High: 1.02
Low: 0.90
Prev. Close: 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
17 Aug 2023 09:22

Thor Energy gets all approvals needed for Colorado projects drilling

(Alliance News) - Thor Energy PLC on Thursday said it has received all approvals necessary for drilling at its 100%-owned Wedding Bell and Radium Mountain projects in Colorado, US.

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16 Aug 2023 15:47

UK shareholder meetings calendar - next 7 days

Thursday 17 August 
Harvest Minerals LtdAGM
Quantum Exponential Group PLCAGM
Windward LtdAGM
Yourgene Health PLCGM and court meeting re takeover by Novacyt
Friday 18 August 
Adams PLCAGM
ME Group International PLCGM re proposed share buyback
Oxford BioDynamics PLCGM re placing
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Monday 21 August 
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RUA Life Sciences PLCAGM
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Wednesday 23 August 
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James Latham PLCAGM
LifeSafe Holdings PLCGM re shareholder circular
Momentum Multi-Asset Value Trust PLCGM re appointment of the liquidators
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
4 Aug 2023 11:25

IN BRIEF: Thor Energy proposes share consolidation to reduce shares

Thor Energy PLC - uranium and vanadium explorer - Calls general meeting on August 23 to seek shareholder approval for a new share consolidation of one share for every 10 existing shares; to issue and allot shares to Spencer Metals Pty Ltd following its acquisition of a 29% interest in a portion of exploration licenses; and an issue of performance shares to directors. Thor Energy says it has a large number of shares on issue, at a disproportionate number relative to its peers.

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4 Aug 2023 10:41

AIM WINNERS & LOSERS: Ilika up as inks 10-year manufacturing licence

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

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1 Aug 2023 19:45

TRADING UPDATES: Spectral does not expect delay to Rosecliff deal

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

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27 Jul 2023 18:22

TRADING UPDATES: Pod Point cuts outlook; CVS Group buys in Australia

(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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31 May 2023 14:19

IN BRIEF: Thor Energy initiates surveys to identify mineralisation

Thor Energy PLC - London-based uranium and vanadium explorer - Says airborne magnetic, radiometric surveys begin in its wholly owned uranium and vanadium projects within the Uravan mineral belt in Colorado and Utah, US. The surveys are at Wedding Bell, Radium Mountain and Vanadium King, and are being carried out to identify potential extensions of mineralisation. Expects work to continue for the next six weeks.

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26 Apr 2023 19:33

TRADING UPDATES: Thor Energy reports significant drill intercepts

(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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26 Apr 2023 13:14

Thor Energy reports positive results from Alford East review

(Sharecast News) - Thor Energy announced new rare earth element (REE) drill results from a review of the previously-announced 2021 copper and gold drilling at the Alford East Project in South Australia on Tuesday.

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24 Apr 2023 10:45

Thor Energy confirms vanadium mineralisation at Colorado projects

(Alliance News) - Thor Energy PLC said on Monday assays from its Wedding Bell and Radium Mountain uranium and vanadium projects validate downhole gamma readings for uranium and confirm broader vanadium mineralisation.

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24 Apr 2023 09:50

AIM WINNERS & LOSERS: Karelian rises as exploration programmes begin

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

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17 Apr 2023 19:43

TRADING UPDATES: BATM reports Edgility progress, Rambler starts sale

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

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17 Apr 2023 11:14

Thor Energy upbeat on EnviroCopper survey results

(Sharecast News) - Thor Energy announced on Monday that its 30%-owned subsidiary EnviroCopper (ECL) has completed an ambient noise tomography (ANT) survey at the Alford West Project in South Australia, with successful results.

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14 Mar 2023 17:39

EARNINGS SUMMARY: Eagle Eye profit up; Litigation Capital optimistic

(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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2 Mar 2023 17:26

Thor Energy says advanced survey technique in use at Alford West

(Alliance News) - Thor Energy PLC on Thursday said its 30% owned portfolio company EnviroCopper Ltd has commenced an advanced geophysical survey technique at the Alford West project in South Australia.

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