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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
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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.

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6 Apr 2023 14:28

IN BRIEF: TomCo Energy shares resume as posts narrowed annual loss

TomCo Energy PLC - oil development group operating in US - Shares start trading again on AIM and posts results for financial year ended September 30. Pretax loss in financial 2022 is GBP690,000, narrowed from GBP10.3 million a year prior. Posts no revenue, unchanged. Reports no impairment loss compared to GBP8.7 million in financial 2021. Looking ahead, Chair Malcolm Groat says: "The company acknowledges and greatly appreciates the ongoing support and patience of our shareholders as we seek to progress the Greenfield development project as well as exploit TomCo's other significant potential despite the current global economic headwinds." Greenfield Energy LLC was the company's focus in financial 2022, and Greenfield's plans to pursue the construction of two oil sand separation plants in Utah, US.

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3 Apr 2023 15:03

TRADING UPDATES: Tracsis profit jumps; Elixirr 2022 earnings improve

(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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30 Mar 2023 20:31

TRADING UPDATE: Aquis Exchange profit jumps, TomCo obtains funding

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

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6 Mar 2023 11:48

TomCo agrees option exercise period extension for Tar Sands purchase

(Alliance News) - TomCo Energy PLC on Monday said it agreed to extend its 100%-owned subsidiary Greenfield Energy LLC's purchase option exercise period to acquire Tar Sands Holdings II LLC until March 31.

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2 Mar 2023 19:57

TRADING UPDATES: Downing Renewables acquires two hydropower plants

(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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30 Dec 2022 15:11

TomCo extends option exercise period for acquisition of Tar Sands

(Alliance News) - TomCo Energy PLC on Friday said it has extended its option exercise period relating to the potential acquisition of the remaining interest in Tar Sands Holdings II LLC.

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2 Dec 2022 20:39

TRADING UPDATES: Sunrise secures funds; Bango launches e-distribution

(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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4 Nov 2022 20:58

TRADING UPDATES: DeepVerge raises GBP815,000; Rambler defaults payment

(Alliance News) - The following is a round-up of updates by London-listed companies, not separately reported by Alliance News:

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1 Nov 2022 16:44

TomCo agrees another extension to its loan from Valkor

(Sharecast News) - Oil developer TomCo announced a further extension to its unsecured loan from Valkor Oil on Tuesday, with the remaining outstanding principal totalling $1m.

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24 Oct 2022 21:18

TRADING UPDATES: Silverwood finishes acquisition; Hardide names chair

(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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18 Oct 2022 17:07

TRADING UPDATES: Chaarat enters takeover discussions with Shanta Gold

(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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14 Oct 2022 13:43

CORRECT: TomCo Energy shares down after loan repayment and extension

TomCo Energy PLC - London-based oil explorer in the US state of Utah - Repays USD250,000 of its unsecured loan from Valkor Oil & Gas LLC to its wholly-owned subsidiary Greenfield Energy LLC. Also extends repayment date for remaining USD1.0 million of the loan to October 31. The loan was used for the acquisition of an initial 10% of the membership interest in Tar Sands Holdings II LLC.

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14 Oct 2022 13:41

IN BRIEF: TomCo Energy shares up on loan repayment and extension

TomCo Energy PLC - London-based oil explorer in the US state of Utah - Repays USD250,000 of its unsecured loan from Valkor Oil & Gas LLC to its wholly-owned subsidiary Greenfield Energy LLC. Also extends repayment date for remaining USD1.0 million of the loan to October 31. The loan was used for the acquisition of an initial 10% of the membership interest in Tar Sands Holdings II LLC.

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14 Oct 2022 13:02

TomCo partially repays, extends Valkor loan further

(Sharecast News) - US-focussed oil developer TomCo Energy announced a repayment of $0.25m and a further extension to the repayment date for the remaining $1m outstanding principal amount of the unsecured loan from Valkor Oil & Gas on Friday.

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13 Oct 2022 17:55

CORRECT: Coral Products buys Ecodeck; Evgen Pharma recruits

(Correcting Harmony Energy Income Trust's use of funds.)

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