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Pin to quick picksTomco Energy Share News (TOM)

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TRADING UPDATES: Tracsis profit jumps; Elixirr 2022 earnings improve

Mon, 03rd Apr 2023 15:03

(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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Elixirr International PLC - London-based consultancy - Revenue in 2022 rises 40% to GBP70.7 million from GBP50.6 million in 2021. Pretax profit improves 29% to GBP15.7 million from GBP12.2 million. "2022 proved Elixirr's consistent ability to perform from both a revenue and profit perspective. This year we continued to leverage, and further invest in, our four-pillar growth strategy, enabling us to deliver exceptional growth despite challenging market conditions," says Chief Executive Stephen Newton. Elixirr declares a final dividend of 10.8 pence per share, up sharply from 4.1p. Paid no interim dividends in either year. Hails "record" revenue in first three months of 2023. Lifts yearly expectations to revenue range of GBP85 million to GBP90 million, at best a 27% rise from 2022 levels.

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Tracsis PLC - traffic and transportation data services firm - Reports earnings increase for first half, ended January 31, and says it has made a "positive" start to the third quarter. Revenue in six months to January 31 rises 34% to GBP39.2 million from GBP29.2 million a year earlier. Pretax profit surges 76% to GBP2.3 million from GBP1.3 million. "I am pleased with the first half performance which was in line with our expectations," Chief Executive Officer Chris Barnes adds. "Our future opportunity pipeline is strong and the UK rail industry's transition to a new Great British Railways structure will continue to drive interest in product solutions that will deliver a data-driven, customer-focused, safety-critical future for the industry. Tracsis is well positioned to benefit from the digital transformation of the rail industry both in the UK and North American markets." Hails "positive" beginning to third quarter, with "high activity levels across the group". Proposes interim dividend of 1.0 pence per share, up 11% from 0.9p a year earlier.

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Gaming Realms PLC - developer and licensor of mobile-focused gaming content - Revenue in 2022 improves 27% to GBP18.7 million from GBP14.7 million. Pretax profit jumps to GBP3.5 million from GBP1.1 million. Company adds: "Gaming Realms continues to deliver on its strategy of becoming a leading supplier to the international iGaming market. In 2022, the group launched in 6 new markets, including Connecticut and Ontario in North America and continues to be strategically placed for new market openings in North America. Gaming Realms is also growing in its existing markets and partners, resulting in growth with a high margin. With 13 new partners already launched in 2023, together with 3 new Slingo games, the board is confident in the group's strategy and expectations as we look ahead at the rest of the current year."

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Red Rock Resources PLC - natural resource development company with assets in Australia and Africa - Reports no revenue in six months to December 31, unchanged on-year. Pretax loss slims to GBP1.3 million from GBP1.5 million.

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Downing Renewables & Infrastructure Trust PLC - investor in solar parks, wind farms and hydroelectric assets - Net asset value per share at December 31 year end increases 15% on-year to 118.6 pence, from 103.5p. Lifts yearly dividend by 43% to 5.0 pence per share from 3.5p. For 2023, it has a target dividend of 5.38p, which would represent a 7.6% increase from total payout for 2022. "We are very pleased to present DORE's annual results for its second year of operation. The investment manager has successfully continued its mandate of strategic diversification and growth, deploying GBP62.6 million in five new portfolio investments over the period, complemented by an equity raise of GBP52.9 million in June 2022, exceeding the target size," Chair Hugh Little says.

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JPMorgan Global Emerging Markets Income Trust PLC - invests in emerging market equities, with holdings including Taiwan Semiconductor Manufacturing Co Ltd, Samsung Electronics Co and NetEase Inc - Net asset value per share at January 31 half-year end rises 6.6% to 149.5 pence, from 140.3p at July 31. On-year, NAV per share falls 5.7% from 158.5p. Including dividends, total return on net assets was 9.0%, outperforming benchmark which returned 3.7%. "During the six-month review period, the most important, very positive development within emerging markets was the re-opening of China after a long period of very stringent Covid-19 restrictions. The timing of China's decision to re-open was somewhat of a surprise to markets, as the government had repeatedly reiterated its firm commitment to its zero-Covid-19 policy and showed no early signs of softening its stance, let alone lifting all restrictions," JPMorgan Global Emerging Markets says. Has so far this financial year declared two interim dividends of 1.0 pence each, unchanged on-year.

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S-Ventures PLC - investment firm focused on health and wellness sectors - Says working closely with auditors to finalise results for year ended September 30. Was unable to publish by Friday and shares have suspended. Results to be published by end of April, S-Ventures says.

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TomCo Energy PLC - oil development group operating in US - Did not publish results for year ended September 30 by Friday deadline. "However, the company's auditors have requested additional time beyond the originally planned timetable to complete their audit. While the audit process has yet to be concluded, the directors have been advised by their auditors that the audit is substantially complete and that there are no material audit issues causing this delay," TomCo says. Targets reporting results "as soon as the auditor completes their final processes", expected to be completed within "short period of time". Shares have been suspended from trading.

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By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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TomCo Energy draws down from second tranche of convertible loan

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IN BRIEF: TomCo Energy extends loan repayment date to August 31

TomCo Energy PLC - London-based oil explorer in the US state of Utah - Announces extension to the repayment date for unsecured USD1.5 million loan from Valkor Oil & Gas LLC, used for the acquisition of an initial 10% of the membership interest in Tar Sands Holdings II LLC.

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28 Jun 2022 20:10

IN BRIEF: Tomco gets second extension for Valkor loan repayment

TomCo Energy PLC - London-based oil explorer in the US state of Utah - Says repayment date is extended again for unsecured USD1.5 million loan to its subsidiary Greenfield Energy LLC from Valkor Oil & Gas LLC. The loan now must be repaid by July 31. The loan was used to acquire the initial 10% interest in Tar Sands Holdings II LLC, back in November. The deadline was already extended once before to June 31, as TomCo announced in May.

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IN BRIEF: TomCo Energy subsidiary looks for acquisition funding

TomCo Energy PLC - London-based oil explorer in the US state of Utah - In the six months ended March 31, reports a narrowed pretax loss of GBP678,000. The figure stood at GBP777,000 the previous year. Revenue remains insubstantial at GBP23,000, up from none a year prior. Looking forward, TomCo's says focus is on its wholly-owned subsidiary Greenfield Energy LLC and its near-term potential production plans at the Tar Sands Holdings II LLC site in Utah. Adds that Greenfield is engaged in discussion regarding possible funding options to achieve a 100% acquisition of the Tar Sands site, as well as the proposed drilling of a number of oil wells. Company currently holds a 10% interest in Tar Sands.

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IN BRIEF: TomCo Energy records larger annual loss on higher expenses

TomCo Energy PLC - London-based oil explorer in Utah - Records a pretax loss of GBP10.3 million in 2021, wider than GBP1.1 million recorded in 2020. Blames this on impairment losses of GBP8.7 million that did not occur in 2020. Reports no annual revenue, unchanged from the year prior.

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IN BRIEF: TomCo Energy signs deal with Vivakor over Uinta basin

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