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Pin to quick picksTlou Energy Share News (TLOU)

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TRADING UPDATES: iEnergizer and Volex post interim profit hikes

Thu, 11th Nov 2021 21:26

(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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iEnergizer Ltd - IT service management company - Revenue in six months to September 30 up 35% year-on-year to USD121.9 million from USD90.2 million. Pretax profit improves 41% to USD37.9 million from USD26.9 million. Lifts payout 42% to 8.12 pence per share from 5.72p. "We are delighted to report another strong performance by iEnergizer, with highly profitable growth in revenue and profit margins, which exceeded our expectations for H1 2022," Chair Marc Vassanelli says.

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Volex PLC - Hampshire, England-based electronic components maker - Revenue in first half ended October 3 jumps 45% to USD292.7 million from USD202.5 million. Pretax profit increases 35% to USD19.4 million from USD14.4 million. Ups payout by 9.1% to 1.2p per share from 1.1p. "Robust first half of the year coupled with a strong forward order book, means Volex is on course to deliver on its full-year consensus market expectations," company says.

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MaxCyte Inc - Maryland-based platform for cell-based research - Revenue in third quarter rises 50% to USD10.1 million from USD6.8 million a year earlier. Pretax loss narrows to USD2.7 million from USD3.1 million. "We continue to expand our customer base and increase the number of strategic partnerships, now with 15 strategic platform license agreements in place following the announcement of our agreement with Nkarta in early November. The vast majority of our SPL agreements enable MaxCyte to participate in pre-commercial milestones and post-commercial sales-based payments on SPL-related Programs. We remain bullish around the potential for our SPL partnerships to generate meaningful revenue for the business over the next 12 to 18 months and beyond as our partners continue to see clinical success," Chief Executive Doug Doerfler says. In addition, company lifts 2021 revenue outlook to USD33.0 million from previous guidance of "greater than USD30 million".

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Sabien Technology Group PLC - Watford-based boiler efficiency products - Has signed heads of terms with Proton Technologies Canada Inc in relation to a hydrogen processing licence within UK territories. Sabien will be producing 20 tonnes of hydrogen per day, generated using Proton's technology.

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Bidstack Group PLC - London-based in-game advertising platform - Partners with Wildlife Studios Ltd, creators of mobile tennis game Tennis Clash. "The activations will see brands featured across virtual tennis courts such as New York and Sydney, on courtside banners, scoreboards and nets, on custom racket strings and across branded outfit designs that will be seamlessly integrated into the game's virtual world. The in-game takeovers will be available to all players and will be seen by a global audience," Bidstack says.

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Tlou Energy Ltd - power company focused on sub-Saharan Africa - Secures 10 megawatt power purchase deal with Botswana Power Corp. "The construction of transmission lines to connect Lesedi to the existing power grid is expected to be completed in 2023," Tlou says. Notes a prototype hydrogen production unit is being designed in Brisbane before being transported to Lesedi in first half of 2022. Says hydrogen technology partner Synergen Met Pty Ltd plans to float in Sydney in "coming months" and is currently going through pre-IPO process. Tlou may participate in the IPO for up to USD3 million. "The company sees significant upside for a potential investment in SM given comparisons with similar listed entities," Tlou says.

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Goldstone Resources Ltd - gold exploration and development in West Africa - Raises GBP1 million through placing of 8.7 million shares at 11.5 pence each with a new institutional shareholder. "The net proceeds of the placing will be used predominantly to expediate the exploration, including a drilling programme, at the former underground mine at Akrokeri, formerly known as the Akrokeri Ashanti Mine Ltd," Goldstone says.

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Energean PLC - gas explorer and producer in the Mediterranean - Prices offering of USD450 million senior secured notes due 2027. Notes carry 6.5% annual interest rate.

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Zephyr Energy PLC - Newbury, England-based exploration & production company - Reports the first flowing hydrocarbons from the State 16-2LN-CC well, even as production testing and well clean-up efforts remain ongoing. "The production of hydrocarbons marks a major milestone for Zephyr, particularly as this is the first horizontal well in the wider Paradox Basin to flow hydrocarbons using a modern hydraulically stimulated completion," company explains.

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Pharos Energy PLC - oil & gas company with assets in Egypt, Vietnam and Israel - Says first phase of the TGT 4 well infill development drilling programme in Vietnam completed. All four infill development wells drilled within schedule and well under budget, Pharos says.

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Great Eastern Energy Corp Ltd - Indian coal bed methane company - Revenue in six months to September 30 falls 9.6% year-on-year to USD13.4 million from USD12.3 million. Swings to pretax profit of USD1.8 million from USD66,970 loss a year earlier.

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Agronomics Ltd - Isle of Man-based investor in the field of cellular agriculture - Portfolio firm Tropic Biosciences will not see its potato product face "regulatory barriers". The product, developed using gene editing induced gene silencing technology, is exempt from regulation under the US Department of Agriculture Animal & Plant Inspection Service. "This confirmation ensures that its gene-edited potatoes, resistant to browning, will not face regulatory barriers on its way to market, and is a promising indicator for its other products such as coffee, rice and bananas," Agronomics says. It has a 3.0% stake in Tropic.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Tlou makes solid progress at Lesedi in first half

(Sharecast News) - Tlou Energy reported significant progress towards its goal of introducing gas-fired power into the Botswana grid later this year in its interim results on Friday.

Read more
8 Mar 2024 10:05

IN BRIEF: Tlou Energy income rises in first half; loss narrows

Tlou Energy Ltd - Botswana and Southern Africa-focused energy company - In the first half of the year ending June 30, interest income rises to AUD11,383, or GBP5,894 from AUD6,351 the year before. Pretax loss narrows to AUD1.8 million from AUD2.2 million a year ago. Managing Director Tony Gilby says: "The company has made excellent progress over recent months, and we are getting very close to first revenue. Having direct access to the power grid opens up our gas field to a huge market. It has taken hard work and significant investment over many years to get to this point, and we look forward to delivering power and earning first revenue for the company as soon as possible."

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23 Feb 2024 11:24

Tlou makes progress at Lesedi power project

(Sharecast News) - Tlou Energy updated the market on the Lesedi project on Friday, reporting significant progress towards electricity generation.

Read more
23 Feb 2024 10:12

IN BRIEF: Tlou Energy makes progress on Lesedi power generation site

Tlou Energy Ltd on Friday - Botswana and Southern Africa-focused energy company - Says the Lesedi 4P and 6P production wells in Lesedi, South Africa, are continuing to flow gas. Says gas flow rates will be measured once the wells stabilise and stop surging. "Tlou is confident that with the in-house knowledge gained from recent drilling efforts, extracting more and more gas out of the coal reservoir will become progressively simpler and more cost effective due to economies of scale", it says. Adds that The 66 kilovolt electricity transmission line connecting its Lesedi power generation site to the power grid has been constructed and the line has been connected to the Serowe substation. Minor finishing works and the addition of switchgear at the Serowe substation will be done before the line is energised. Says this will happen as soon as the substation at Lesedi is complete, which is expected halfway through 2024. "The transmission line is a vital element of the Lesedi project. With the completion of the transmission line, the Lesedi project is no longer isolated from Botswana's electricity market and is now connected to the broader Southern African Power Pool", Tlou says.

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24 Jan 2024 20:16

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8 Jan 2024 14:23

IN BRIEF: Tlou Energy pushes AUD13.3 million fundraise to January 31

Tlou Energy Ltd - Botswana and Southern Africa-focused energy company - Announces extension of closing date for entitlement offer to January 31 from January 12. In December, Tlou announced its intention to raise AUD13.3 million, around GBP7.0 million, through the offer of four new ordinary shares for every eleven ordinary shares held by ASX and BSE shareholders at a price of AUD0.035 each. Tlou says that the funds would be used to develop its Lesedi power project in Botswana and provide the company with working capital. Adds that the extension will allow "extra time for eligible shareholders to take up their entitlements".

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15 Dec 2023 21:30

IN BRIEF: Tlou Energy in entitlement offer to raise AUD13.3 million

Tlou Energy Ltd - Botswana and Southern Africa-focused energy company - Announces entitlement offer for four new ordinary shares for every eleven ordinary shares held, at a price of AUD0.035 each to raise AUD13.3 million. Explains the offer is open to ASX and BSE shareholders only. Says certain directors are participating in the entitlement offer with commitments in place for a minimum of AUD613,308. Funds raised and existing capital will go towards development of Tlou's Lesedi power project and working capital.

Read more
15 Dec 2023 15:58

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Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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27 Nov 2023 10:53

IN BRIEF: Tlou Energy shares up amid first gas flow at Lesedi

Tlou Energy Ltd - Botswana and Southern Africa-focused energy company - Celebrates first gas flow from Lesedi 6 production pod in Botswana. The Lesedi power project is 100% owned by Tlou, and it is located around 100 kilometres from the existing power Botswana Power Corp grid. Connection will allow Tlou to sell power into the existing grid, as well as to the Southern African Power Pool.

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24 Oct 2023 15:48

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Tlou Energy raises money via placing shares to fund Lesedi project

(Alliance News) - Tlou Energy Ltd on Friday said it raised money via placing shares to fund the development of its Lesedi project in Botswana.

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