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Pin to quick picksTomco Energy Share News (TOM)

Share Price Information for Tomco Energy (TOM)

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EARNINGS: Caledonian swings to loss; Altona Rare Earth loss widens

Thu, 28th Mar 2024 15:48

(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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Team PLC - wealth, asset management and complementary financial services group - Revenue in the year ended September 30 rises to GBP5.3 million from GBP2.1 million a year earlier. Pretax loss narrows to GBP443,000 from GBP1.6 million. Chair Mark Clubb says: "This has been another active period for Team. We are picking up the pace and the shape of the business is emerging with Jersey as the central fund management engine operating out of a highly regulated jurisdiction with a strong international reputation for fiduciary responsibility. Alongside this in Jersey, our financial planning advisory hub is combining well and is positioned to deliver dependable organic growth going forward."

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Versarien PLC - Cheltenham, England-based engineering technology company - Revenue in year ended September 30 falls to GBP5.5 million from GBP11.1 million a year earlier. Pretax loss narrows to GBP14.3 million from GBP8.3 million. Looking ahead, says its pipeline of opportunities "continues to strengthen." Chief Executive Steve Hodge says: "The period was a challenging one for Versarien, but I believe the restructuring and other actions we have undertaken have resulted in a more efficient business, which maintains the skilled people and technology to enable commercial success. It is encouraging to report that our pipeline of potential income opportunities is growing , albeit development opportunities are still the largest part, but we are beginning to see signs of more commercial interest, including licensing."

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Altona Rare Earth PLC - Mining exploration company focused on the evaluation, acquisition and development of projects in Africa - Publishes results for six months ended December 31. Operating loss widens to GBP616,000 from GBP387,000. Pretax loss widens to GBP690,000 from GBP412,000. CEO Cedric Simonet says: "2024 will also be a year of transformation for Altona, as we are currently expanding and diversifying its portfolio, with a focus on projects having a low-entry cost with a clear pathway to early results and to majority ownership. The acquisition of the exciting Kabompo South copper project in Zambia marks a first step in this direction."

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TomCo Energy PLC - oil development group operating in the US - Reports results for year ended September 30. Posts no revenue, unchanged annually. Pretax loss widens to GBP2.3 million from GBP690,000. Looking ahead, TomCo says 2024 is set to be a "defining year" for the company.

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Caledonian Trust PLC - Edinburgh-based property company - Revenue in the six months ended December 31 falls to GBP833,000 from a GBP2.2 million a year earlier. Swings to pretax loss of GBP415,000 from a profit of GBP353,000.

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By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
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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10 Oct 2023 10:07

AIM WINNERS & LOSERS: Image Scan up on expected swing to profit

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

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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.

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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."

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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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