Roundtable Discussion; The Future of Mineral Sands. Watch the 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: 53.00
Bid: 52.00
Ask: 54.00
Change: -1.00 (-1.85%)
Spread: 2.00 (3.846%)
Open: 54.00
High: 54.00
Low: 52.50
Prev. Close: 54.00
TRIN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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:

----------

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.

----------

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

----------

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.

----------

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.

----------

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."

----------

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.

----------

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.

----------

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.

----------

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.

----------

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
26 Jun 2023 14:25

IN BRIEF: Trinity Exploration & Production extends drilling schedule

Trinity Exploration & Production PLC - Trinidad & Tobago-focused exploration and production company - Completes two out of three planned sections for the Jacobin well onshore Trinidad. Says the Jacobin well has encountered shallow secondary formations of good quality oil-bearing reservoirs. Says it is preparing to start drilling in the third section, but notes drilling schedule has been extended due to challenging conditions. Says it anticipates no significant cost impact from the drill extension.

Read more
20 Jun 2023 15:44

UK shareholder meetings calendar - next 7 days

Wednesday 21 June 
Argentex Group PLCAGM
Clean Power Hydrogen PLCAGM
Eqtec PLCAGM
Hydrogen Utopia International PLCAGM
HSS Hire Group PLCAGM
Intelligent Ultrasound Group PLCAGM
JD.com IncAGM
RTW Venture Fund LtdAGM
Schroders Capital Global Innovation Trust PLCAGM
Sivota PLCAGM
Numis Corp PLCGM re acquisition by Deutsche Bank AG
THG PLCAGM
UK Commercial Property REIT LtdAGM
Thursday 22 June 
Alphawave IP Group PLCAGM
Angling Direct PLCAGM
Anglo Asian Mining PLCAGM
boohoo Group PLCAGM
Braime Group PLCAGM
Card Factory PLCAGM
Ergomed PLCAGM
Falcon Oil & Gas LtdAGM
Futura Medical PLCAGM
Good Energy Group PLCAGM
Grand Vision Media Holdings PLCAGM
Longboat Energy PLCAGM
MaxRets Ventures PLCAGM
Pathfinder Minerals PLCAGM
RBG Holdings PLCAGM
Robinson PLCAGM
Sanderson Design Group PLCAGM
Team17 Group PLCAGM
Trellus Health PLCAGM
Whitbread PLCAGM
Friday 23 June 
Cadogan Petroleum PLCAGM
Mears Group PLCAGM
Non-Standard Finance PLCAGM
Ocean Harvest Technology Group PLCAGM
Oxford Biomedica PLCAGM
Pelatro PLCAGM
Petrofac LtdAGM
Princess Private Equity Holding LtdAGM
Rathbones Group PLCGM re agreement regarding all-share combination with Invested Wealth & Investment Ltd
Supply@Me Capital PLCGM re open offer warrant holders
Vietnam Enterprise Investments LtdAGM
VPC Specialty Lending Investments PLCAGM
Monday 26 June 
Aterian PLCAGM
Capricorn Energy PLCAGM
Corre Energy BVAGM
Facilities by ADF PLCAGM
Lexington Gold LtdSGM re proposed acquisition of White Rivers Exploration Ltd
LifeSafe Holdings PLCAGM
Premier African Minerals LtdAGM
Vast Resources PLCGM re issuing new share capital
Volvere PLCAGM
Tuesday 27 June 
Acuity RM Group PLCAGM
Comptoir Group PLCAGM
Creo Medical Group PLCAGM
First Tin PLCAGM
Forward Partners Group PLCAGM
Galantas Gold CorpAGM
Gemfields Group LtdAGM
Golden Prospect Precious Metals LtdAGM
Hamak Gold LtdAGM
ICG Enterprise Trust PLCAGM
Impellam Group PLCAGM
India Capital Growth Fund LtdAGM
Inspiration Healthcare Group PLCAGM
Instem PLCAGM
JD Sports Fashion PLCAGM
Kingfisher PLCAGM
Mercantile Ports & Logistics LtdGM re equity fundraising
Mobile Tornado Group PLCAGM
Revolution Beauty Group PLCAGM
Scottish Mortgage Investment Trust PLCAGM
Serabi Gold PLCAGM
Sondrel Holdings PLCAGM
Surface Transforms PLCAGM
Surgical Innovations Group PLCAGM
Trinity Exploration & Production PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
13 Jun 2023 11:00

UPDATE: Trinity Exploration expects similar sales in 2023 as in 2022

(Alliance News) - Trinity Exploration & Production PLC on Tuesday guided for similar sales in 2023 to what it achieved in 2022, as it was awarded the Buenos Ayres oil block in Trinidad & Tobago.

Read more
13 Jun 2023 10:05

IN BRIEF: Trinity Exploration awarded Buenos Ayres oil block

Trinity Exploration & Production PLC - Trinidad & Tobago-focused exploration and production company - Is awarded the Buenos Ayres oil block in the 2022 onshore & nearshore competitive bid round by the Trinidad & Tobago ministry of energy & energy industries. Ministry has invited Trinity to commence discussions for the grant of an exploration and production (public petroleum rights) licence. Trinity expects to be the block's operator with an 85% interest. State-owned oil company Heritage Petroleum Company Ltd will have a 15% working interest which Trinity will carry during the exploration phase. Block covers approximately 41 kilometres squared and is immediately west of Trinity's existing producing Palo Seco blocks WD-5/6, WD-2 and PS-4. It contains multiple stacked target reservoirs of the Lower Forest, Upper Cruse and Lower Cruse which are the most productive reservoirs in Trinidad's southern basin with over 250.0 million barrels of oil produced to date. Work programme comprises four exploration wells and technical studies over the six-year initial licence period.

Read more
1 Jun 2023 10:31

Trinity Exploration says maiden dividend on horizon as profit dips

(Alliance News) - Trinity Exploration & Production PLC said on Thursday that it is well-positioned for its next growth phase despite a slight decline in profit last year, and announced a new capital allocation policy including "modest but sustainable" dividends.

Read more
25 May 2023 15:47

UK earnings, trading statements calendar - next 7 days

Friday 26 May 
Amaroq Minerals LtdQ1 Results
Associated British EngineeringHalf Year Results
Caffyns PLCFull Year Results
CT Capital & Income Investment Trust PLCHalf Year Results
HarbourVest Global Private Equity LtdFull Year Results
IntegraFin Holdings PLCHalf Year Results
Volvere PLCFull Year Results
Worldwide Healthcare Trust PLCFull Year Results
Monday 29 May 
no events scheduled 
Tuesday 30 May 
Corre Energy BVFull Year Results
Greencore Group PLCHalf Year Results
Hollywood Bowl Group PLCHalf Year Results
Oxford BioDynamics PLCHalf Year Results
Silver Bullet Data Services Group PLCFull Year Results
Softcat PLCTrading Statement
SpaceandPeople PLCFull Year Results
Tremor International LtdQ1 Results
Wednesday 31 May 
B&M European Value Retail SAFull Year Results
Bloomsbury Publishing PLCFull Year Results
DP Eurasia NVTrading Statement
Impax Asset Management Group PLCHalf Year Results
Ithaca Energy PLCQ1 Results
NWF Group PLCTrading Statement
Premier Miton Group PLCHalf Year Results
Tern PLCFull Year Results
WH Smith PLCTrading Statement
Thursday 1 June 
Auto Trader Group PLCFull Year Results
Dr Martens PLCFull Year Results
Pennon Group PLCFull Year Results
Trinity Exploration & Production PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
16 May 2023 21:10

TRADING UPDATES: Trinity Exploration spuds well; Equipmake inks deal

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

Read more
27 Apr 2023 21:00

TRADING UPDATES: Profits rise for Panther Securities and Petrofac

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

Read more
20 Apr 2023 11:52

Trinity Exploration shares up as production resumes following fire

(Alliance News) - Trinity Exploration & Production PLC on Thursday said production has resumed at the Bravo platform in the Trintes Field, following approval from the Ministry of Energy & Energy Industries.

Read more
12 Apr 2023 18:20

TRADING UPDATES: Enwell Energy offices searched, Trinity confirms fire

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

Read more
30 Mar 2023 16:39

Trinity Exploration & Production returns ABM-151 well to production

(Alliance News) - Trinity Exploration & Production PLC on Thursday hailed progress off the West Coast of Trinidad as it returned the ABM-151 well in the Brighton Marine block to production.

Read more
30 Mar 2023 16:10

Trinity returns Brighton Marine well to production

(Sharecast News) - Trinidad and Tobago-focussed Trinity Exploration & Production announced a number of operational updates on Thursday, reporting that the ABM-151 well in the Brighton Marine block, offshore the west coast of Trinidad, was returned to production on 21 March.

Read more
30 Jan 2023 14:56

TRADING UPDATES: Ferro-Alloy eyes revenue to drop below market view

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

Read more
27 Jan 2023 16:20

TRADING UPDATES: Aquis in line with target; Bradda Head delays results

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

Read more
19 Oct 2022 14:38

IN BRIEF: Trinity Exploration backs guidance; warns on delays

Trinity Exploration & Production PLC - Leeds-based oil exploration company focused on Trinidad & Tobago - Keeps production guidance for 2022 unchanged at 2,900 to 3,100 barrels of oil per day. Meanwhile, in the third quarter that ended September 30, production falls to 2,990 bopd from 3,019 bopd in the second quarter, but beats 2,923 bopd in the third quarter of 2021. For the third quarter of 2022, the firm announces a 25% increase in operating cash flow before corporation tax and pre-hedging.

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.