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Pin to quick picksTomco Energy Share News (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.

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25 Jul 2019 13:26

TomCo Energy Starts Drilling At Holliday A Block Ahead Of Field Test

(Alliance News) - TomCo Energy PLC on Thursday said the field test at its Holliday A block in the US state of Utah is running to schedule.The exploration and development company said works

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4 Jul 2019 16:13

Drilling Of TomCo Energy Field Test Wells Delayed Two Weeks By Casings

(Alliance News) - TomCo Energy PLC on Thursday said the well casings for its field test at the Holliday A Block in Utah will arrive later than expected and so the drilling of the wells will be by

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1 Jul 2019 13:37

TomCo Energy Gets Permit For Field Test And Drilling At Utah Block

(Alliance News) - US oil shale exploration company TomCo Energy PLC on Monday said it has now received all the required permits to drill wells and undertake field test at the Holliday A Block in

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28 Jun 2019 12:05

TomCo Energy Fully Funded As It Prepares For Utah Field Tests

(Alliance News) - TomCo Energy PLC is making good progress on starting work at Utah's Holliday block, it said Friday, using its TurboShale radio frequency technology.TomCo's field a

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25 Jun 2019 12:00

TomCo Energy gearing up for slightly delayed field test at Holliday A

(Sharecast News) - Oil shale exploration and development company TomCo Energy updated the market on the field test programme at its Holliday A Block in Utah on Tuesday, announcing that the project was advancing well, with much of the preparatory work for the field test having now been completed.

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25 Jun 2019 10:32

TomCo Energy Progresses On Development Of Holliday A Block In Utah

(Alliance News) - TomCo Energy PLC on Tuesday said its Holliday A block in the US state of Utah is advancing well, with much of the preparatory work for the field test having now been stock was on

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8 May 2019 11:55

TomCo Energy Not Overly Concerned By Water In Holliday Wells

LONDON (Alliance News) - TomCo Energy PLC on Wednesday reported the presence of water at some wells earmarked for field testing this summer.TomCo has already drilled three test wells, the a

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2 May 2019 16:03

UK Shareholder Meetings Calendar - Next 7 Days

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29 Mar 2019 10:56

TomCo Energy Focused On Testing At Holliday Block As Loss Widens

LONDON (Alliance News) - TomCo Energy PLC on Friday said its loss widened in its last financial year as it continues the development of the Holliday block in the US state of Utah.The pretax

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25 Mar 2019 14:34

Infrastrata Names Non-Exec Raman As CFO; Hires Tomco Director To Board

LONDON (Alliance News) - Infrastrata PLC on Monday said it has promoted Non-Executive Director Arun Raman to the role of chief financial officer with immediate effect.In addition, has Groat

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20 Mar 2019 10:05

TomCo Energy Raises Cash In Share Placing To Fund Test Programme (ALLISS)

LONDON (Alliance News) - TomCo Energy PLC on Wednesday said it has raised GBP600,000 to go towards completing its 2019 field test programme.The oil shale exploration, development and firm

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18 Mar 2019 10:44

WINNERS & LOSERS SUMMARY: Footasylum Rises On "Generous" JD Offer

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - Tinto, up 2.3%, Group, up in

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18 Mar 2019 09:56

TomCo Review Finds 131 Million Barrels At Utah Licences; Shares Up 29%

LONDON (Alliance News) - Exploration and development company TomCo Energy PLC on Monday said a review of two leases in Utah found a best estimate contingent resource of 131.3 million barrels or in

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29 Jan 2019 12:22

TomCo Energy Starts Work On 2019 Field Test Programme At Holliday

LONDON (Alliance News) - TomCo Energy PLC on Tuesday said it has started work on the field test programme at the Holliday Block in Utah.TomCo shares were trading down 22% at 2.10 pence each

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14 Jan 2019 12:29

TomCo Energy Settles Loans With Former Chief Executive Brown (ALLISS)

LONDON (Alliance News) - Oil shale exploration company TomCo Energy PLC said on Monday loans provided by former Chief Executive Chris Brown totalling GBP250,000 have been settled in loans were due

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