George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTrinity Share News (TRIN)

Share Price Information for Trinity (TRIN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 40.00
Bid: 39.00
Ask: 41.00
Change: 0.00 (0.00%)
Spread: 2.00 (5.128%)
Open: 41.00
High: 41.00
Low: 40.00
Prev. Close: 40.00
TRIN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EARNINGS UPDATES: Topps Tiles in record revenue; Lords doubles profit

Tue, 24th May 2022 18:09

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

----------

Topps Tiles PLC - Enderby, England-based floor and wall coverings retailer - Ups pretax profit in the six months ended April 2 to GBP5.6 million from GBP4 million, representing 41% growth year-on-year. Revenue climbs to a record GBP119.2 million in the half from GBP103.2 million the previous year. Like-for-like sales were up 20% year-on-year and up 23% on a two-year basis in the first half. Declares an interim dividend of 1.0 pence. The previous year, Topps Tiles did not declare an interim dividend. Reports current trading is at a "good" level with like-for-like sales growth of 5.7% in the first seven weeks of the second half. Notes inflationary pressures moving forward and challenges in the availability of raw materials. Chief Executive Rob Parker says: "The group has delivered record first half revenues against a backdrop of continued robust demand for home improvements. While supply chain and inflation headwinds strengthened in the period, we are managing these challenges effectively overall and believe we remain well positioned relative to many of our competitors."

----------

Trinity Exploration & Production PLC - oil exploration and production company focused on Trinidad and Tobago - Posts a pretax profit of USD3 million in 2021, up significantly from USD103,000 the year before. Revenue surges 50% to USD66.3 million from USD44.1 million. Average production stands at 3,069 barrels of oil per day, down from 3,232 bopd. Average price per barrel leaps to USD60.4 from USD37.7. Notes "continued momentum" into the first quarter of 2022, with production averaging at 3,013 bopd at an average price of USD83.1 per barrel. Looking forward, Chief Executive Jeremy Bridglalsingh says: "Our ambition is to double production over the next few years, and thereby generate sufficient free cash flow both to fund future growth initiatives and deliver meaningful cash returns for shareholders, and we believe that we now have the structure in place to deliver this challenging target."

----------

Helical PLC - London-based property investor - Reports pretax profit of GBP72.9 million for the year ended March 31, more than triple the GBP20.5 million achieved the previous year. Revenue rises 33% to GBP51.1 million from GBP38.6 million. Company's investment property portfolio value at March 31 rises to GBP938.8 million from GBP740.2 million at the same time the previous year. Posts a total property return of 10.7%, up against the MSCI Central London Offices Total Return Index return of 7.9%. Declares a final dividend of 8.25 pence, up from 7.40p the previous year and resulting in a total payout of 11.15p for the year. Helical expresses concerns bout inflationary pressures and the potential impact on the performance of UK businesses. Nonetheless, company says it remains in a strong position.

----------

Cordiant Digital Infrastructure Ltd - investment firm focused on digital infrastructure assets - In the period from January 4, 2021 to March 31, 2022, company posts a pretax profit of GBP51.4 million. Net asset value per share at March 31 stands at 106.34 pence. Raises GBP795 million during first year as a listed company. Looks forward with "enthusiasm and confidence".

----------

Warehouse REIT PLC - real estate investment trust focused on warehouses - For the year ended March 31, posts a pretax profit of GBP191.2 million, up 55% from GBP123.1 million the previous year. Net property income rises 37% to GBP48.4 million from GBP34.4 million. Portfolio value at March 31 stands at GBP1.01 billion, up sharply from GBP792.8 million at the same time the previous year. Sees continued strong rent collection with 98.7% of rent due in relation to the year collected at May 19. Makes the decision to move its listing to the main market from AIM. Notes inflationary pressures but says it remains confident.

----------

Residential Secure Income PLC - Bristol-based real estate investment trust focused on retirement living and shared ownership homes - For the six months ended March 31, net rental income rises 25% to GBP7.6 million from GBP6.1 million the previous year. Pretax profit surges 79% to GBP7.8 million from GBP4.4 million. Net asset value per share at March 31 rises to 108.4 pence from 106.6p at September 30. Reports 99% of rent collected during the half. Value of investment properties at March 31 rises to GBP375 million from GBP351 million at September 30.

----------

Sunrise Resources PLC - Macclesfield, England-based mineral project developer - Narrows pretax loss in the six months to March 31 to GBP153,323 million from a loss of GBP185,955 million the previous year. Posts revenue of GBP11,422 in the half. In the same half the previous year, Sunrise did not post any revenue. Says that discussions are continuing for the project development of the CS Pozzolan-Perlite project and adds that application has been made for the conditional approval of CS natural pozzolan for Caltrans's authorized materials list. Notes high grade gold and silver result from sampling at its Myrtle Gold Silver project. Company says it has a "largely overlooked but valuable portfolio".

----------

Schroder AsiaPacific Fund PLC - seeks long-term growth from investments across the Asia Pacific region's equity markets - Swings to a loss on investment in the six months to March 31 of GBP44.8 million from a gain on investment of GBP188.2 million the previous year. Pretax net return swings to a loss of GBP43.9 million from a profit of GBP189.5 million. Net asset value per share at March 31 stands at 605.59 pence, down from 670.40p at the same time the previous year. Company says despite the "gloomy backdrop" due to the Ukraine conflict and inflation, there are "reasons for optimism" for Asian equity investors and thus remains confident.

----------

Actual Experience PLC - Bath, England-based hybrid workplace analytics-as-a-service company - Widens pretax loss in the six months ended March 31 to GBP2.8 million from a loss of GBP2.2 million the previous year. Revenue dips to GBP824,706 from GBP889,467. Company says it is working to "scaleup" the business by focussing on direct sales and marketing efforts to convert its pipeline into revenue generating long-term customers. Chief Executive Dave Page says: "We remain confident that the second half of the year will see improved momentum as our product and sales investments bear fruit."

----------

Lords Group Trading PLC - London-based building material distributor - Pretax profit in 2021 more than doubles to GBP8.0 million from GBP3.6 million the previous year. Revenue surges 26% to GBP363.3 million - a record, Lords Group says - from GBP287.6 million, with strong performances across al businesses. Like-for-like revenue grew 18% against the previous year and was 21% ahead of 2019. Lords Group says this shows a "shift rebound" following the pandemic. Declares a maiden dividend of 1.89 pence. Targets GBP500 million in revenue by 2024. Expects supply issues to ease moving into the second half of 2022. Anticipates trade in line with market expectations, with adjusted profit before tax expected at GBP16.0 million for the year. In 2021, this figure stood at GBP10.2 million. Chief Executive Shanker Patel says: "Progress in the new financial year has continued to be strong, our four new value accretive acquisitions are performing in line with our expectations and we look forward with confidence as we aim to deliver sustainable and growing returns to our shareholders."

----------

Puma Alpha VCT PLC - venture capital trust - Net asset value per share stands at 136.48 pence at February 28, up 20.38p from 116.10p at the same time a year prior. Company says this reflects upwards revaluations and less running costs in the year. Notes impact of recent geo-political and economic events such as rising inflation and the conflict in Ukraine but says that it remains confident moving forward. Gain on investment surges to GBP4.1 million in the year ended February 28 from GBP2 million the previous year. Posts a pretax profit of GBP3.0 million, nearly double the GBP1.6 million achieved the previous year,

----------

Puma VCT 13 PLC - venture capital trust - Net asset value per share stands at 143.53 pence at February 28, up 17.76p from 125.77p at the same time a year prior. Company says this gain arises from a strong performance across a broad range of its investments. For the year ended February 28, company posts a gain on investment of GBP12.2 million, up sharply from GBP5.7 million the previous year. Posts a pretax profit of GBP9.3 million, more than double the GBP4.4 million achieved a year prior. Company says it is looking at an "uncertain and high-risk" backdrop.

----------

JPMorgan China Growth & Income PLC - invests in Chinese companies - For the six months ended March 31, company swings to a loss on investment of GBP139.9 million from a gain on investment of GBP46.3 million the previous year. Swings to a net loss before tax of GBP143.4 million from a net return before tax of GBP46.5 million. Total return on net assets fell 30.8%, underperforming the benchmark MSCI China Index's 17.5% decline. Says half has been a "challenging" period due slowing Chinese economic growth, heightened US-China tensions and new Covid lockdowns. Nonetheless, company asserts the long term growth opportunities for investments in China and remains confident.

----------

By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
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:

Read more
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.

Read more
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.

Read more
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.

Read more
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:

Read more
20 Nov 2023 14:17

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:

Read more
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.

Read more
8 Nov 2023 11:27

IN BRIEF: Trinity Exploration wants to restart Jacobin production test

Trinity Exploration & Production PLC - Leeds-based exploration and production company focused on Trinidad & Tobago - Intends to restart production test at Jacobin well "imminently" to obtain a sustained flow rate. Says well is cleaning-up with an initial mixed flow comprising oil, water and completion fluids, with no visible sign of sand at the surface. This comes after it reported last week that operations to bring the well back into production started on a 3/64th-inch choke, and were gradually increased to an 8/64th-inch choke.

Read more
8 Nov 2023 11:14

AIM WINNERS & LOSERS: eEnergy surges after Luceco backing

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

Read more
23 Oct 2023 14:38

Trinity Exploration reduces guidance as sales volumes go down

(Alliance News) - Trinity Exploration & Production PLC shares fell on Monday after the company reduced its full-year sales guidance due to a drop in quarterly sales volumes.

Read more
23 Oct 2023 11:26

Trinity Exploration confident after Jacobin setbacks

(Sharecast News) - Trinidad and Tobago-focussed Trinity Exploration updated the market on its third quarter on Monday, reporting that preparations for production testing had been underway after the Jacobin oil discovery in the Palo Seco area of onshore Trinidad in August.

Read more
4 Oct 2023 11:53

IN BRIEF: Trinity Exploration expects boost from government proposals

Trinity Exploration & Production PLC - Independent exploration and production company focused on Trinidad & Tobago - Welcomes the Government of Trinidad & Tobago's stated intention to stimulate "higher levels of activity and investment" in the energy sector, as set out in its budget statement for next year, delivered on October 2. The statement included a proposal to change the Supplemental Petroleum Tax regime for shallow marine areas similar to reforms that have been made previously to onshore activities.

Read more
28 Sep 2023 14:29

IN BRIEF: Trinity Exploration declares dividend as swings to profit

Trinity Exploration & Production PLC - an independent exploration and production company focused on Trinidad & Tobago - Interim pretax profit in the first half of 2023 is USD1.1 million, swung from a loss of USD322,000 a year prior. Revenue falls to USD33.8 million from USD48.5 million. However, operating expenses decrease to USD23.4 million from USD35.7 million. Average realised oil price falls 28% to USD65.2 per barrel from USD90.1 a year ago. Average net sales fall to 2,861 barrels of oil per day from 2,974 bopd. Meanwhile, overdraft facility grows 60% to USD8.0 million as at August 25 following upsized credit facility with FirstCaribbean International Bank (Trinidad & Tobago) Ltd, from USD5.0 million before the upsized facility. Company declares inaugural interim dividend of 0.5 pence per share. Looking ahead, Chief Executive Officer Jeremy Bridglalsingh expects further progress and a "very busy and exciting time for Trinity."

Read more
21 Sep 2023 15:48

UK earnings, trading statements calendar - next 7 days

Friday 22 September 
Ascential PLCHalf Year Results
Ergomed PLCHalf Year Results
First Tin PLCHalf Year Results
t42 IoT Tracking Solutions PLCHalf Year Results
t42 IoT Tracking Solutions PLCTrading Statement
Monday 25 September 
Alphawave IP Group PLCHalf Year Results
Devolver Digital IncHalf Year Results
Dialight PLCHalf Year Results
Getech Group PLCHalf Year Results
Ondine Biomedical IncHalf Year Results
Real Estate Investors PLCHalf Year Results
SpaceandPeople PLCHalf Year Results
Spectra Systems CorpHalf Year Results
Transense Technologies PLCFull Year Results
Venture Life Group PLCHalf Year Results
Wilmington PLCFull Year Results
Tuesday 26 September 
Alliance Pharma PLCHalf Year Results
AG Barr PLCHalf Year Results
Animalcare Group PLCHalf Year Results
Asos PLCTrading Statement
Boku IncHalf Year Results
Card Factory PLCHalf Year Results
Cambridge Cognition Holdings PLCHalf Year Results
Close Brothers Group PLCFull Year Results
Diaceutics PLCHalf Year Results
DigitalBox PLCHalf Year Results
Dillistone Group PLCHalf Year Results
EKF Diagnostics Holdings PLCHalf Year Results
Ferguson PLCFull Year Results
Finsbury Food Group PLCFull Year Results
IQGeo Group PLCHalf Year Results
Learning Technologies Group PLCHalf Year Results
LifeSafe Holdings PLCHalf Year Results
Mission Group PLCHalf Year Results
Mortgage Advice Bureau Holdings PLCHalf Year Results
NAHL Group PLCHalf Year Results
Next 15 Group PLCHalf Year Results
Newmark Security PLCFull Year Results
NIOX Group PLCHalf Year Results
Origin Enterprises PLCFull Year Results
PZ Cussons PLCFull Year Results
Safestay PLCHalf Year Results
Smiths Group PLCFull Year Results
Time Finance PLCFull Year Results
tinyBuild IncHalf Year Results
Wentworth Resources PLCHalf Year Results
Yu Group PLCHalf Year Results
Wednesday 27 September 
Amicorp FS (UK) PLCHalf Year Results
Aquila European Renewables PLCHalf Year Results
Arix Bioscience PLCHalf Year Results
Avingtrans PLCFull Year Results
Bens Creek Group PLCFull Year Results
Biome Technologies PLCHalf Year Results
BioPharma Credit PLCHalf Year Results
Chapel Down Group PLCHalf Year Results
Everyman Media Group PLCHalf Year Results
Fadel Partners IncHalf Year Results
NCC Group PLCFull Year Results
Old Mutual LtdHalf Year Results
Pantheon Infrastructure PLCHalf Year Results
Pendragon PLCFull Year Results
Plant Health Care PLCHalf Year Results
Safestyle UK PLCHalf Year Results
Saga PLCHalf Year Results
Skillcast Group PLCHalf Year Results
Surface Transforms PLCHalf Year Results
Xeros Technology Group PLCHalf Year Results
Zinc Media Group PLCHalf Year Results
Thursday 28 September 
Atlantic Lithium LtdFull Year Results
Avacta Group PLCHalf Year Results
Avation PLCFull Year Results
Celadon Pharmaceuticals PLCHalf Year Results
Ceres Power Holdings PLCHalf Year Results
Dar Global PLCHalf Year Results
eEnergy Group PLCFull Year Results
HSS Hire Group PLCHalf Year Results
Microlise Group PLCFull Year Results
Novacyt SAHalf Year Results
Phoenix Spree Deutschland LtdHalf Year Results
RBG Holdings PLCHalf Year Results
Shield Therapeutics PLCHalf Year Results
Silver Bullet Data Services Group PLCHalf Year Results
Trellus Health PLCHalf Year Results
Trinity Exploration & Production PLCHalf Year Results
XLMedia PLCHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
4 Sep 2023 12:02

Trinity Exploration begins assessment for Buenos Ayres block, Trinidad

(Alliance News) - Trinity Exploration & Production PLC on Monday said it has begun the environmental impact assessment for the Buenos Ayres block, onshore Trinidad.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.