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Pin to quick picksTomco Energy Share News (TOM)

Share Price Information for Tomco Energy (TOM)

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Share Price: 0.0385
Bid: 0.037
Ask: 0.04
Change: 0.00 (0.00%)
Spread: 0.003 (8.108%)
Open: 0.0385
High: 0.0385
Low: 0.0385
Prev. Close: 0.0385
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AIM WINNERS & LOSERS: Image Scan up on expected swing to profit

Tue, 10th Oct 2023 10:07

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

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AIM - WINNERS

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Capital Metals PLC, up 46% at 2.19 pence, 12-month range 0.90-5.79p. The Sri Lanka-focused mineral sands company says that the Supreme Court in Sri Lanka has decided that the decision by the Sri Lanka Muslim Congress to expel Naseer Ahamad from its party is legally valid. Consequently, Ahamad loses his parliamentary seat and his position as Minister of Environment. Chair Greg Martyr says this is a "positive development" as the company believes the minister to be "primarily responsible for the illegal interference" with its licences. "This, together with the recently approved change in mineral licensing procedures, which transfers certain responsibilities to the board of investment, should bode well for our situation but also more generally for the country as it takes steps to improve governance," the chair continues.

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YouGov PLC, up 16% at 799.00 pence, 12-month 650.00-1,185.00p. The research and data analytics firm ups its dividend as annual profit surges 77%. YouGov reports pretax profit surged 77% to GBP44.7 million in the financial year ended July 31, from GBP25.3 million a year earlier. Revenue climbs 17% to GBP258.3 million from GBP221.1 million. The company says this was driven by growth across all of its geographies, despite macroeconomic challenges and difficult trading conditions in some markets during the period. Ups its full-year dividend by 25% to 8.75p from 7.00p. Looking ahead, YouGov says it remains confident in its prospects for financial 2024 and in meeting current market expectations "on a stand-alone basis". Trading for the current financial year has started off in line with expectations.

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Image Scan Holdings PLC, up 12% at 1.90 pence, 12-month range 0.80-2.55p. The X-ray screen system supplier to the security and industrial inspection markets expects to report "strong" sales and profit growth in the financial year ended September 30. Revenue is expected to be GBP3 million, up 50% from GBP3 million the previous year. Predicts to swing to a pretax profit of GBP100,000 from a loss of GBP350,000 the year prior. "The uplift in market activity as mentioned in the interim results has continued and government opportunities which were suppressed or delayed, by Covid and its aftermath, are now actively progressing. The extension of the product range has already borne fruit and offers the company wider opportunities in the Counter Explosive Ordnance portable x-ray marketplace," Image Scan says.

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AIM - LOSERS

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TomCo Energy PLC, down 21% at 0.052 pence, 12-month range 0.050-0.54p. The US-focused oil development firm struggles as the big gains for oil seen on Monday fall back. The initial surge in prices came amid flaring tensions in the Middle East as investors assessed the potential for the conflict to disrupt supply. Back in June, the company also said its cash reserves were "insufficient" to fund ongoing overhead costs "for the next 12 months".

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By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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

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21 Feb 2024 13:27

TomCo raises £0.3m to bolster Greenfield's finances

(Sharecast News) - US-based oil developer TomCo Energy announced a fundraise of £0.3m on Wednesday, in a bid to bolster the finances of its Greenfield Energy subsidiary.

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21 Feb 2024 11:54

TomCo Energy raises GBP300,000 though placing and subscription

(Alliance News) - TomCo Energy PLC on Wednesday said it has raised GBP300,000 through a placing and subscription of shares.

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21 Feb 2024 10:49

AIM WINNERS & LOSERS: Zinnwald Lithium soars on Saxony estimate

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

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2 Jan 2024 11:27

TomCo Energy raises GBP50,000 through subscription of shares

(Alliance News) - TomCo Energy PLC on Tuesday said it has raised GBP50,000 through a subscription of 50.0 million new shares priced at 0.10 pence each.

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13 Oct 2023 15:19

TomCo raises £0.1m as it works on Greenfield plans

(Sharecast News) - TomCo Energy announced the raising of £0.1m on Friday, in a bid to shore up finances for the plans of its subsidiary Greenfield Energy.

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13 Oct 2023 12:57

TomCo Energy rises as raises funds through subscription at premium

(Alliance News) - TomCo Energy PLC on Friday said it has raised GBP100,000 through a subscription of 125.0 million new shares priced at 0.08 pence each.

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13 Oct 2023 10:53

AIM WINNERS & LOSERS: TomCo raises funds; Instem bid "final"

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

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22 Aug 2023 15:45

UK shareholder meetings calendar - next 7 days

Wednesday 23 August 
Brandshield Systems PLCAGM
James Latham PLCAGM
LifeSafe Holdings PLCGM re shareholder circular
Momentum Multi-Asset Value Trust PLCGM re appointment of the liquidators
Sovereign Metals LtdGM re share placement options
Thor Energy PLCGM re proposed share consolidation
Thursday 24 August 
Ananda Developments PLCAGM
Concurrent Technologies PLCAGM
CyanConnode Holdings PLCAGM
Nuformix PLCAGM
Oryx International Growth Fund LtdAGM
ThomasLloyd Energy Impact Trust PLCAGM
ThomasLloyd Energy Impact Trust PLCGM re market purchases of its own ordinary shares
Friday 25 August 
Honye Financial Services LtdAGM
Iconic Labs PLCAGM
Ormonde Mining PLCAGM
Ormonde Mining PLCEGM re AIM delisting and proposed investment in TRU Precious Metals Corp
Monday 28 August 
no events scheduled 
Tuesday 29 August 
Axiom European Financial Debt Fund LtdEGM re liquidation of the company
Livermore Investments Group LtdAGM
TomCo Energy PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
30 Jun 2023 17:24

IN BRIEF: TomCo Energy cautions on future of company as loss widens

TomCo Energy PLC - oil development group operating in the US - In the six months to March 31, pretax loss widens to GBP1.4 million from GBP678,000 a year prior. Posts no revenue in either period. Looking ahead, firm cautions: "The cash reserves currently held by the group are insufficient to fund ongoing overhead costs for the next 12 months. However, based on a history of successfully raising additional funds when needed, the directors have a reasonable expectation that the group will be able to raise the required additional funds as necessary."

Read more
14 Jun 2023 10:52

TomCo Energy raises money to fund subsidiary's buy of Tar Sands

(Alliance News) - TomCo Energy PLC on Wednesday said it cancelled a loan facility as it was replaced by another fundraise, focused on financing its subsidiary's acquisition of a tar mining services provider in Utah.

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6 Jun 2023 11:26

TomCo Energy buys remainder of Tar Sand; seeks funding for subsidiary

(Alliance News) - TomCo Energy PLC on Tuesday said subsidiary Greenfield Energy LLC is buying the remaining 90% stake in Tar Sand Holdings II LLC.

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24 Apr 2023 15:31

IN BRIEF: TomCo draws down GBP250,000 from convertible loan facility

TomCo Energy PLC - oil development group operating in US - Draws down first GBP250,000 tranche from GBP1.0 million convertible loan facility, with the funds expected to be received on or around Wednesday. In accordance with the terms of the facility, the convertible loan subscribers will be issued with 41.7 million warrants with the drawdown of the first tranche, exercisable for a period of three years from the date of drawdown, with each warrant granting the right to subscribe for shares at an exercise price of 0.60 pence per share. Novum Securities Ltd will be issued 10.0 million warrants.

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24 Apr 2023 13:25

TomCo draws down first tranche of its new £1m facility

(Sharecast News) - TomCo Energy announced on Monday that it was drawing down the initial £0.25m tranche of its £1m convertible loan facility, which it announced on 30 March.

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