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Pin to quick picksTrinity Share News (TRIN)

Share Price Information for Trinity (TRIN)

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Share Price: 39.50
Bid: 39.00
Ask: 40.00
Change: 0.00 (0.00%)
Spread: 1.00 (2.564%)
Open: 39.50
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Low: 38.20
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UK EARNINGS SUMMARY: Rockhopper Loss Balloons, Confident In Sea Lion

Tue, 15th Sep 2020 19:19

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

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Rockhopper Exploration PLC - oil and gas exploration company - Interim pretax loss widens significantly to USD226.8 million from USD16.5 million year before. Exploration and evaluation expenses jump to USD223.6 million from USD1.1 million year before. Revenue in six months to June 30 halves to USD2.5 million from USD4.8 million year before. Confident in Sea Lion license in Falklands and is focused on completed Navitas farm-in in the fourth quarter of 2020. Rockhopper is fully funded for all Sea Lion development costs through to project completion.

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Good Energy Group PLC - renewable electricity supplier - Sinks to first half pretax loss of GBP1.1 million compared to GBP2.5 million profit year before. Revenue in the six months to June 30 rises to GBP67.5 million from GBP63.5 million. Administration costs rise to GBP13.9 million from GBP12.3 million. Cancels interim divided following 1.1 pence payout year before - expects to resume dividends in 2021. Underlying performance of the core business in line with management expectations, Good Energy says, adjusting for the impact of Covid-19

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Corero Network Security PLC - denial-of-service attack security provider - Half-year loss narrows to USD2.7 million from USD3.9 million year before. Revenue in six months to June 30 grows to USD6.2 million from USD4.2 million year before. Revenue from DDoS protection as-a-service contracts increases to USD1.2 million from USD500,000. Order intake increases by 58% to USD7.9 million. During the first half, Corero, through its SmartWall solutions adds 18 new customers. CEO Lionel Chmilewsky said he remains remain confident in the medium and long-term prospects of the company.

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Beeks Financial Cloud Group PLC - cloud computing and connectivity provider for financial markets - Annual pretax profit slips to GBP678,000 versus GBP1.0 million year before. Revenue in the 12 months to June 30 rises to GBP9.4 million from GBP7.4 million year before. Administrative expenses up to GBP3.6 million from GBP2.5 million. Total dividend unchanged at 0.35 pence. CEO Gordon McArthur said: "I am pleased to report on a year of considerable progress, in which the group has delivered against its strategic objectives; increasing the number of tier 1 customers, expanding its geographic presence and offering and completing the strategic acquisition of Velocimetrics." McArthur expects to grow company's existing Tier 1 accounts.

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Trinity Exploration & Production PLC - Trinidad & Tobago focused oil exploration and production company - Swings to interim pretax profit of USD942,000 versus USD572,000 loss year before. Operating revenue in six months to June 30 slips to USD21.5 million from USD32.2 million year before. Average net production up sharply to 3,282 bopd from 3,008 year before. But average realised oil price down 23% year on year to USD36.3 per barrel from USD59.1 year before. Executive Chair Bruce Dingwall said: "Everyone is aware of the exceptional circumstances - with Covid impacting both operational practices and the oil price. Despite these challenges, our financial resilience, emphasis on cost management and high operating standards have enabled the company to increase production and increase free cash flows, thereby further strengthening our balance sheet and establishing the necessary foundations for future growth both from existing and new opportunities."

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Octopus Renewables Infrastructure Trust PLC - closed end investment company focused on renewable energy assets in Europe and Australia - June 30 NAV per share 97.58 pence, with net assets of GBP341.5 million. Incorporated on October 11, 2019, with London IPO December 10. Total shareholder return since incorporation to June 30 at 12.2%. Dividend in period totals 1.06 pence per share. Has now committed 75% of net IPO proceeds. Firm's portfolio is forecast to generate 262 gigawatt hours of renewable electricity, equivalent to powering 59,000 homes with clean energy and avoiding emissions of 49,000 tonnes of carbon dioxide annually.

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Mobeus Income & Growth 4 VCT PLC - investor in UK unquoted companies - June 30 NAV per share 64.59 pence compared to 74.90p at December 31. Net assets dip over six-month period to GBP54.6 million from GBP59.5 million. Portfolio ends first half valued at GBP33.3 million compared to GBP36.1 million at same point year before. Blames drop in portfolio value on revaluations made following the Covid-19 pandemic."These adjustments were partly market related, but also partly in response to Covid-19's impact on specific market segments and investee companies. In this context it is fortunate that the company's portfolio has a relatively limited exposure to the travel and hospitality sectors," Mobeus adds. NAV total return in first half negative 0.4%. Declares interim dividend of 6.0p, maintains 4.0p annual dividend target.

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APQ Global Ltd - emerging markets income investor - December 31, 2019 book value USD72.9 million versus USD76.4 million at the start of 2019. Book value per share ended 2019 at 93.19 US cents versus 97.84 cents year before. June 30 book value USD24.8 million, with book value per share falling to 31.70 cents. Suspends dividend in cash prevention measure. "During the first quarter of 2020, the company experienced difficult trading conditions in its liquid portfolio due to large market movements in emerging markets currencies, bonds and equities, caused by the Covid-19 pandemic," APQ explains.

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Canadian Overseas Petroleum Ltd - Sub-Saharan African focused oil and gas company - Records net loss of USD919,000 in second quarter versus USD1.1 million loss year before. Net loss in first half narrows to USD1.2 million from USD2.2 million year before. Administrative expenses in six months to June 30 narrow to USD1.3 million from USD2.2 million. "In the second quarter of 2020, management progressed options to finance the company's continuing operation. The company continued to identify, evaluate and pursue exploration and development opportunities in African countries and elsewhere," Canadian Overseas said. Currently, the company does not have material cash inflows or adequate financing to develop profitable operations, it noted. The company is pursuing exploration projects and contracts that will require substantial additional financing before they are able to generate positive cash flows.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
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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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:

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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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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.

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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.

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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.

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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.

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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.

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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
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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
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Trinity Exploration & Production PLCHalf Year Results
XLMedia PLCHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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