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Pin to quick picksTrinity Share News (TRIN)

Share Price Information for Trinity (TRIN)

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Share Price: 53.50
Bid: 53.00
Ask: 54.00
Change: 0.00 (0.00%)
Spread: 1.00 (1.887%)
Open: 53.50
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Low: 53.50
Prev. Close: 53.50
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AIM WINNERS & LOSERS: DX Group sinks as annual results remain elusive

Thu, 25th Nov 2021 10:49

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

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AIM - WINNERS

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Trinity Exploration & Production PLC, up 4.7% at 131.90 pence, 12-month range 87.50p-180.00p. Gets approval for the field development plan for the Galeota asset development project from the Ministry of Energy & Energy Industries in Trinidad and Tobago. "The comprehensive and relatively quick approval by the MEEI review team, against the background of the pandemic, is extremely helpful and provides a suitably matured development concept which can be reviewed by potential funding partners as part of the farm-down process," company says.

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AIM - LOSERS

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DX Group PLC, down 39% at 18.19 pence, 12-month range 18.19p-37.30p. Hits 12-month low as the Slough, England-based parcel freight, secure courier and logistics company's shares are set be suspended from trading at the start of the new year after it delays the release of its annual results. "The company's Audit & Risk committee has recently raised a corporate governance inquiry relating to an internal investigation commenced during the financial year ended July 3, 2021. The inquiry has yet to be concluded, and the process will delay the completion of the audit, but will be expedited as quickly as possible," the company said. DX does not expect the investigation to be completed before January 2, 2022, which marks the six-month point after its financial year-end. As a result, its shares will be suspended from trading. "The board remains confident that DX is well-placed to continue to increase its market share and make progress over the new financial year," DX said, noting that trading is in line with board expectations. DX was scheduled to hold its annual general meeting on Thursday, but it says it will adjourn the meeting to a date to be set in December.

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Omega Diagnostics Group PLC, down 30% at 28.10 pence, 12-month range 28.23p-99.50p. Pretax loss in six months to September 30 widens to GBP3.4 million from GBP1.8 million year before, as administration costs rises to GBP4.3 million from GBP2.6 million on account of ramp up of work for contract with UK Department of Health & Social Care. Revenue improves to GBP5.7 million from GBP3.2 million. Notes no test were ever manufactured for DHSC contract. "Whilst we still remain confident that we are well-positioned for future growth, we recognise that many investors will be disappointed in the lack of progress with the DHSC, and uncertainty about their future utilisation of our manufacturing capacity. This is a disappointment that we share," company says. Adds: "Phase 2 of the contract, covering manufacturing, has not been activated and therefore no orders have been placed. We now have confirmation that the contract expired at the end of Phase 1, although both parties remain in dialogue and DHSC are still providing us with access to their Government-funded equipment to provide the infrastructure to grow our businesses."

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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1 May 2024 10:20

Touchstone to snap up rival Trinity in £24m deal

(Sharecast News) - Shares in Trinity Exploration & Production soared on Wednesday, after it agreed to be taken over by rival Touchstone Exploration.

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1 May 2024 10:16

AIM WINNERS & LOSERS: Trinity up after agreeing to Touchstone takeover

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

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1 May 2024 10:09

Trinity Exploration shares jump as agrees takeover by Touchstone

(Alliance News) - Touchstone Exploration Inc on Wednesday said it reached an agreement to buy Trinity Exploration & Production PLC.

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1 May 2024 08:57

LONDON MARKET OPEN: FTSE 100 shakes off New York slump before Fed

(Alliance News) - Stock prices in London opened mixed on Wednesday, with the FTSE 100 brushing off some pre-Federal Reserve decision trepidation to record an early rise, while the dollar climbed on the expectation that Jerome Powell will sound hawkish in his press conference later.

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26 Apr 2024 20:02

TRADING UPDATES: Facilities by ADF profit hit by Hollywood strikes

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

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15 Apr 2024 12:05

Trinity Exploration's combined reserves and resources fall 23%

(Alliance News) - Trinity Exploration & Production PLC on Monday said its recoverable reserves and resource base had declined following a revision of estimates.

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1 Feb 2024 14:27

TRADING UPDATES: Genflow wins new research grants; Seeen margin rises

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

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11 Jan 2024 11:38

IN BRIEF: Trinity Exploration shares down as annual sales miss target

Trinity Exploration & Production PLC - exploration and production company, focused on oil projects in Trinidad & Tobago - Says sales volumes for fourth quarter of 2023 averaged 2,736 barrels of oil per day, up 1.1% from 2,705 barrels in the third quarter. Full-year volumes averaged 2,790 bopd, down 6.2% from 2,975 bopd in 2022 and "marginally below" previous guidance of between 2,800 and 2,900 bopd. Quarterly onshore sales averaged 1,462 bopd, down 2.1% from 1,493. Average realisation of USD71.6 per barrel in the fourth quarter is down from USD75.4 the prior year. Pre-hedging earnings before interest, tax, depreciation and amortisation decreases to USD4.1 million from USD7.0 million.

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4 Jan 2024 14:28

IN BRIEF: Trinity Exploration up after Trinidadian reform takes effect

Trinity Exploration & Production PLC - exploration and production company, focused on oil projects in Trinidad & Tobago - Says the Trinidad & Tobago Finance Act 2023, approved by the country's president in December, has now taken effect. The act drops the supplemental petroleum tax rate for small shallow marine area producers, defined as petroleum producers in marine areas producing less than 4,000 barrels of crude oil per day. All existing offshore production as well as future growth projects which fall under this limit "will benefit significantly from this reform", Trinity says.

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18 Dec 2023 12:28

Trinity Exploration experiences operational challenges at Jacobin well

(Alliance News) - Trinity Exploration & Production PLC on Monday said that operational challenges had slowed production at its Jacobin oil discovery project.

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29 Nov 2023 14:25

TRADING UPDATES: Synectics announces contract win; LifeSafe revenue up

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

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EARNINGS AND TRADING: Active Energy notes Ashland delay; MTI profit up

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

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8 Nov 2023 13:05

Trinity Exploration makes progress at Jacobin oil discovery

(Sharecast News) - Trinity Exploration updated the market on its operations at the Jacobin oil discovery in Trinidad and Tobago on Wednesday.

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