(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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Enwell Energy PLC - oil & gas exploration and production company focused on Ukraine - For the first quarter of 2021, overall production volume rises 1.5% to 4,576 barrels of oil equivalent per day, up from 4,508 boepd the same period the year before. This was due to new output generated by the SV-54 and SV-25 wells in the Svyrydivske field, which started production in May 2020 and February 2021 respectively, offset by natural field decline. As at March 31, cash resources were USD60.9 million.
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Alpha Growth PLC - London-based financial advisory specialising in 'longevity assets' such as life insurance - As at March 31, BlackOak Alpha Growth Fund's assets under management stood at USD25.5 million. Over the first quarter of 2021, Alpha Growth achieved USD5 million in additional inflows into fund, reflecting an increase of 24%. Looking ahead, for the second quarter, fund will look to increase assets across the group and complete the revolving credit facility.
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FIH Group PLC - essential services provider in UK and Falkland Islands - For the year ended March 31, trading in the second half has remained challenging for the UK business, however operations in the Falkland Islands traded well, which is expected to lead to a breakeven result for the financial year. Due to reduced profitability for the group, will not recommend a final dividend.
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Gresham House Strategic PLC - AIM-listed smaller-companies investor headquartered in London - For the year ended March 31, total shareholder return reached 59.3%, while net asset value total return is 44.3%, compared to the FTSE All Share index and the FTSE Small Cap ex-investment trusts index, which returned 27% and 75% respectively. Share price's discount to net asset value has been reduced to 6.3% as at March 31 from 15% the same date the year before.
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Alba Mineral Resources PLC - mineral exploration and development company with assets in Greenland and the UK - Completes structural review for the Limerick base metals project in Ireland. Review has identified three principal exploration target areas within PL 3824, each exhibiting a number of the structural and geological features found in zinc-lead deposits in the Irish zinc ore field. The results give support to Alba's decision to renew PL 3824 and to restart exploration activities at the project.
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By Dayo Laniyan; dayolaniyan@alliancenews.com
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Alba Mineral Resources (ALBA)
Fih Group (FIH)
Alpha Growth (ALGW)
Enwell Energy (ENW)