Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Stupid question but where can I find my SRN and PIN? - I hold via Halifax?
Cheers British, my thoughts as well - dark forces in play here... holding!
Please enlighten me - what has changed to cause the recent pullback in share price? - back in February the price was at the dizzy height of around 12p and we are in a much better place now than we were then?
XP Factory plc (AIM: XPF)
("XP Factory", the "Company" or the "Group")
Final results for the year ended 31 December 2021
XP Factory is pleased to announce its audited final results for the year ended 31 December 2021.
FINANCIAL HIGHLIGHTS
·
Group revenue up 163% at £7.0m (2020: £2.7m)
·
Adjusted EBITDA of £2.7m (2020: loss £1.4m) inclusive of £2.6m R&D credits, net of associated costs
·
Pre-IFRS 16 Adjusted EBITDA profit of £0.5m in the six months to 31 December 2021 (2020: loss £0.9m demonstrating critical mass achieved
·
Escape Hunt™ owner-operated revenue up 189% to £6.0m (2020: £2.1m)
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£3.4m positive Site Level EBITDA from owner-operated sites (2020: £0.4m) was driven by a strong bounce back in trade post lifting of Covid restrictions in mid-May 2021
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Franchise EBITDA of £0.3m (2020: £0.3m)
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Group operating loss of £0.5m (2020: loss of £6.4m) helped by strong H2 trading and £2.6m R&D credits (net)
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£16.1m net of expenses raised through an equity placing and open offer to fund acquisition of Boom Battle Bar in November 2021
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Cash at year end £8.2m (2020: £2.7m) and £6.9m on 30 April 2022
It was a short
Deramper alert!
Key point in the first RNS - "We view Paul's appointment as the key step in the development of Trafalgar's long-planned hydroponic division as he is a UK pioneer in this high growth market"
I know what you are on about, and am holding
UK Market Size for Vertical Farming
In the period 2021-2026, the global vertical farming market is expected to grow at a CAGR of 5.4%. Europe accounts for only 21% of the total vertical farming market, which is dominated by North America and the Asia-Pacific region. The market value of vertical farming in Europe in 2021 was estimated at USD 0.85 billion. However, a report from the Market Data Forecast indicates that the vertical farming market in Europe will grow by 22% annually, reaching a value of USD 2.31 billion by 2026. Together with France, Germany, Spain, and Italy, the UK is one of the most prominent countries in the vertical farming market in Europe. Increasing consumer demand and technological advancements in Europe have fueled the popularity of vertical farming in these countries and across the continent.
Perfect timing IMO - food prices are soaring - can see big growth in vertical farming in the UK
https://www.jonesfoodcompany.co.uk/?msclkid=6a5771e7d0f611ec83fd70d7faa53945
Knew something was going on behind the scenes....
Trafalgar is pleased to announce the appointment of Dr Paul Francis Challinor as an Executive Director, with immediate effect. Dr Challinor is a renowned and respected, early-stage pioneer and executive manager who specialises in the construction and management of indoor hydroponic vertical farming facilities and in the food security sector.
Dr Challinor together with Gary Thorneycroft, Trafalgar's Chief Financial Officer, were co-founders of Jones Food Company (JFC), which owned and operated, at the time, one of the largest vertical farms in Europe. A majority stake in JFC was subsequently sold to Ocado in 2019.
Further details will be provided in the Company's audited final results for the year ended 31 December 2021 which are expected to be released in late May 2022 and which are expected to show performance in line with the Company's trading update announced on 26 January 2022.
https://youtu.be/sCXzb-ta8VU from 8.00
Interesting…..
Appointment of Chief Financial Officer
United Oil & Gas plc the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets is pleased to announce the appointment of Peter Dunne, as Chief Financial Officer ('CFO'), effective from today. Peter will be appointed a Director of the Company and as Company Secretary at the conclusion of the Company's forthcoming Annual General Meeting on 1 June 2022. David Quirke will step down as Director of the Company and Company Secretary on the same day and remain at United to facilitate an efficient transition.
Peter joins from Boru Energy Limited, the West African focussed private oil and gas company where he was CFO and brings over 20 years' experience of working in senior finance leadership roles including over 14 years in the upstream Oil and Gas sector. Prior to Boru, Peter was Group Finance Director at Origin Enterprises plc and before that spent seven years with Petroceltic International plc, latterly as Corporate Finance Director. During his time in Petroceltic, the Company merged with Melrose Resources plc, with the enlarged group carrying out operations across North Africa, the Mediterranean Basin and Black Sea, with operated production in excess of 25,000 boepd.
Nice article - interesting to see what happens - if anything!
Oil firm eyes deals after year of huge change
The Herald29 Apr 2022By Mark Williamson
SHETLAND oil pioneer Hurricane Energy is eyeing acquisition opportunities in the
North Sea following a remarkable recovery in the fortunes of the firm.
The company came close to being taken over by bond holders in June last year before the High Court in London rejected the restructuring plan concerned.
It has been a big beneficiary of the dramatic increase in oil prices fuelled by the recovery from the pandemic, which gained renewed impetus after Russia attacked Ukraine.
The scale of the turnaround was made clear in results for 2021 published by Hurricane yesterday. These show Hurricane generated $18m profit after tax last year after losing $625m in the preceding year.
The company faced big challenges amid the downturn triggered by the pandemic after slashing estimates of the size of the Lancaster discovery, which it brought into production in 2019.
It has been generating so much cash from the production from Lancaster in recent months that it expects to pay off bond holders in July and to have around $60m left over.
The company feels able to shift its focus to growth opportunities following what chief executive Antony Maris described as a year of profound change.
It is weighing up a range of opportunities in the North Sea against a favourable political backdrop.
“The UK Government’s renewed emphasis on security of supply is welcome,” said Mr Maris, adding: “We have opportunities both within our existing portfolio, and in new opportunities in the UK oil and gas sector.”
A spokesperson for Hurricane said the company is considering and evaluating both further drilling on its own assets and acquisitions involving assets on the UK Continental Shelf.
Hurricane Energy shares closed up 0.26p at 9.53p. They sold for 60p in June 2019 after Hurricane started production from Lancaster.
Interesting? “ Further to discussions with our JV partner, Spirit Energy, the GWA JV has taken the decision to surrender the Lincoln P1368(S) licence sub area. With access to limited funds, and no reasonable expectation that the Lincoln discovery could generate any meaningful near-term cash realisation “”in comparison to the other options currently under consideration, “”voluntarily surrendering the Licence is the right choice. ”
Will be interesting to know more about these other options….