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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: 2.00
Bid: 1.90
Ask: 2.10
Change: 0.00 (0.00%)
Spread: 0.20 (10.526%)
Open: 2.00
High: 2.00
Low: 2.00
Prev. Close: 2.00
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AIM WINNERS & LOSERS: Reabold jumps on UK government fracking change

Fri, 09th Sep 2022 11:06

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

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AIM - WINNERS

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Libertine Holdings PLC, up 17% at 24.00 pence, 12-month range 16.00p-42.00p. Enters memorandum of understanding with Ashok Leyland to evaluate the use of Libertine's technology platform for its commercial vehicle powertrains. Libertine develops technology for power generation from renewable fuels. Ashok will conduct due diligence on Libertine's technology and explore the scope for Linear Generator product development and demonstration within its commercial vehicle portfolio.

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Reabold Resources PLC, up 11% at 0.46 pence, 12-month range 0.10p-0.48p. Welcomes a policy change from the UK government which cancels the moratorium on hydraulic fracturing onshore in the UK. The oil and gas firm says the policy change could have a "materially beneficial effect" on its onshore business, including the potential to exploit additional resources within its existing licence interests.

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Orosur Mining Inc, up 7.3% at 14.75 pence, 12-month range 0.070p-17.16p. With its joint venture partner, Minera Monte Aguila, completes all the phase one obligations under the exploration agreement for the Anza project in Colombia. This includes investing USD10 million in the Anza project. Orosur is a mineral explorer and developer focused on South America. The companies now will shortly enter phase two under the exploration agreement, the forming of a new mining company. Orosur will have a 49% ownership interest in the company with Minera Monte Aguila taking the remaining 51%.

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AIM - LOSERS

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Tlou Energy Ltd, down 27% at 1.32 pence, 12-month range 0.014p-1.64p. Put under investigation in Australia by the country's company & financial services regulator. The commission is investigating two releases by the sub-Saharan Africa-focused power company. The investigation is into suspected contraventions by Tlou Energy of three sections of Australia's Corporations Act 2001 and three sections of the Australian Securities & Investments Commission Act 2001. Says it is co-operating with ASIC.

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Tanfield Group PLC, down 25% at 1.51 pence, 12-month range 1.50p-3.96p. In the six months ended June 30, pretax loss widens to GBP499,000 from GBP268,000 a year prior. Non-staff costs grow to GBP269,000 from GBP145,000. Finance expenses double to GBP188,000 from GBP81,000. Makes no revenue, unchanged from a year ago. The invest firm adds that it believes its 49%-owned firm Snorkel International Holdings LLC may need further loan funding "to ensure that the company continues to protect its investment in Snorkel". It values its investment in the Nevada-based aerial work platforms manufacturer at GBP19.1 million.

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Manolete Partners PLC, down 15% at 214.60 pence, 12-month range 190.00p-335.60p. Applies for permission to appeal the High Court's "rare adverse" and "surprising" decision received on one of its "larger cases". Says it has decided to write down the full value of the case in its forthcoming results for the six months ended September 30. The impact of the write-down will be a GBP2.3 million reduction to pretax profit. Manolete expects to announce a pretax loss of around GBP5 million in its financial year 2023 interim results. In financial 2022, the company reported a pretax profit of GBP4.5 million.

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By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
4 Nov 2022 11:11

Tlou Energy secures funding for development of Lesedi power project

(Alliance News) - Tlou Energy Ltd on Friday said it raised AUD2 million, around GBP1.1 million, through a share placement.

Read more
26 Oct 2022 16:28

Tlou Energy shuts in well at Lesedi project to save additional costs

(Alliance News) - Tlou Energy Ltd on Wednesday said it has shut in one of its wells at Lesedi to reduce production costs while work continues elsewhere on the project.

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11 Oct 2022 15:37

UK shareholder meetings calendar - next 7 days

Wednesday 12 October 
Fletcher King PLCAGM
Mobeus Income & Growth VCT PLCGM fundraising update
Polymetal International PLCGM share purchase
Thursday 13 October 
Artemis Alpha Trust PLCAGM
Feedback PLCAGM
Galileo Resources PLCAGM
Greencoat Renewables PLCEGM aircraft purchase
Mothercare PLCAGM
Rank Group PLCAGM
Scirocco Energy PLCGM share price performance
Friday 14 October 
Ashmore Group PLCAGM
Loungers PLCAGM
Monday 17 October 
Arcontech Group PLCAGM
Barratt Developments PLCAGM
Eight Capital Partners PLCGM re IWEP loan conversion to equity
Tuesday 18 October 
Accrol Group Holdings PLCAGM
Diverse Income TrustAGM
Dolphin Capital Investors LtdAGM
Pantheon International PLCAGM
Tlou Energy LtdAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
20 Sep 2022 11:38

Tlou Energy shares fall as annual loss doubles; touts project progress

(Alliance News) - Tlou Energy Ltd on Tuesday said it aims to achieve first revenue in 2023 through energy generation in Botswana, as it posted a doubled annual loss.

Read more
20 Sep 2022 10:57

AIM WINNERS & LOSERS: Ethernity Networks soars on follow-up contract

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

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13 Sep 2022 13:44

TRADING UPDATES: Kavango wins new licence; Tlou progresses at Lesedi

(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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9 Sep 2022 12:18

LONDON MARKET MIDDAY: Miners lead rise despite hawkish central banks

(Alliance News) - Stocks in London pushed higher throughout morning trade on Friday, with the FTSE 100 buoyed by mining stocks, while among small-caps there was better news for cash-strapped Cineworld.

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9 Sep 2022 09:30

Tlou Energy shares plummet as under investigation in Australia

(Alliance News) - Tlou Energy Ltd shares dived on Friday as it is under investigation in Australia by the country's company & financial services regulator.

Read more
25 Jul 2022 21:08

IN BRIEF: Tlou Energy continues work on Lesedi transmission line

Tlou Energy Ltd - Brisbane, Australia-based power company focused on sub-Saharan Africa - Currently plans for first revenue in the second half of 2023.

Read more
23 May 2022 21:54

TRADING UPDATES: Rockfire surpasses expectations with maiden estimate

(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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27 Apr 2022 17:24

TRADING UPDATES: 1Spatial swings to profit; AB Dynamics revenue grows

(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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15 Mar 2022 17:18

TRADING UPDATES: Amigo heads to vote; UniVision court date pushed back

(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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15 Mar 2022 10:53

AIM WINNERS & LOSERS: Eco Animal expects earnings below consensus

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

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2 Mar 2022 17:53

TRADING UPDATES: Sweet interim profit rise for Hotel Chocolat

(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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