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Pin to quick picksTlou Energy Share News (TLOU)

Share Price Information for Tlou Energy (TLOU)

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Share Price: 2.05
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AIM WINNERS & LOSERS: Tlou strikes Lesedi deal; Gusbourne fundraises

Mon, 18th Oct 2021 10:05

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

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AIM - WINNERS

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Tlou Energy Ltd, up 26% at 3.20 pence, 12-month range 2.10p-5.50p. The power solutions project developer says it is close to sealing a deal that will see Botswana Power Corp buy up to 10 megawatts of power from Tlou's flagship Lesedi gas-to-power asset. The power purchase agreement is expected to be signed on Monday and will have an initial five-year term.

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Benchmark Holdings PLC, up 10% at 62.90 pence, 12-month range 46.00p-68.00p. The Sheffield, England-based aquaculture genetics, health and nutrition company expects annual results to top market expectations. For the financial year that ended September 30, Benchmark expects to report adjusted earnings before interest, tax, depreciation and amortisation of GBP15.9 million, which is "significantly ahead of the current market consensus".

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CentralNic Group PLC, up 7.2% at 122.24 pence, 12-month range 72.00p-130.00p. Hits this 52-week high on Monday. The London-based domain name registry and registrar services firm says earnings have risen in the first nine months of 2020. Revenue in the nine-month period to September 30 amounts to USD280 million, up 66% yearly, while adjusted earnings before interest, tax, depreciation and amortisation are 45% higher at USD32 million. It expects to trade "comfortably at or above" market forecasts. Analyst expectations for annual revenue range between USD348.6 million to USD355.3 million, while adjusted Ebitda forecasts stand between USD41.1 million and USD42.0 million.

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AIM - LOSERS

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Gusbourne PLC, down 11% at 110.00p, 12-month range 53.00p-173.00p. The wine producer plans a placing to raise GBP2.1 million and a subscription to secure a further GBP375,000. Also looking to raise a further GBP2 million from an open offer. Shares priced at 75p in all three fundraisings. In addition, the Ashford, England-based firm says two lenders have agreed to convert debt into shares. Says largest shareholder Belize Finance Ltd agrees to convert interest in deep discount bonds issued in 2016 and 2020 into 2.8 million shares in respect to 2020 bonds and 2.3 million in respect to 2016 bonds. Franove Holdings Ltd meanwhile, a lender of a short-term loan amounting to GBP610,445, agrees to convert this into 813,926 shares.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Tlou Energy Says Drilling At Lesedi Project Makes Excellent Progress

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Tlou Energy Interim Loss Narrows As Progresses On Project Development

LONDON (Alliance News) - Tlou Energy Ltd on Thursday said its loss narrowed in the first half of 2018 as it achieved its key project targets in Botswana.The natural gas company said its in

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Tlou Energy Expects To Spud First Well In Botswana In September

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