TRADING UPDATES: Nostra Revenue Increases; Synergia plans to farm out Cambay

The following is a roundup of London-listed company updates released last week and not reported separately by Alliance News:

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Nostra Terra Oil & Gas Co PLC – London-based oil and gas company with operations concentrated in the United States – In the six months ended June 30, revenue more than doubled to $2.0 million from $963,000 the previous year. The pre-tax loss narrowed to $203,000 from $269,000. Net income affected by $813,000 in exploration expenses written off.

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Synergia Energy Ltd – Developer of natural gas assets based in Perth in India, Indonesia and the UK, formerly known as Oilex Ltd – Engages “recognized oil and gas consultancy firm to provide consultancy service provider” for leasing of 50% of Cambay. “The consultancy firm has extensive experience in the Indian oil and gas industry as well as an international reach. Identifying a partner on the Cambay PSC is critical to the company’s strategy to embark on a comprehensive field development program, which is expected to begin in 2023,” says Synergia.

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Ncondezi Energy Ltd – power development company – The pre-tax loss in the six months to June 30 widened to $743,000 from $540,000 a year earlier. Shows no revenue, unchanged from previous year. “The first half of 2022 saw limited progress in the company’s Ncondezi project, due to a lack of clarity from the sector’s largest financier, China, on the funding of late-stage coal projects at the foreign. However, during this period, the company has taken proactive steps to identify other potential opportunities to unlock shareholder value through its wholly owned green power subsidiary, NGP,” the company said.

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Edinburgh-based energy company SIMEC Atlantis Energy Ltd – Turnover in the six months to June 30 fell to £1.3m from £5.2m a year earlier. The pre-tax loss narrowed to £8.6m from £10.7m. “The reduction in losses compared to the corresponding period of last year is mainly due to the restructuring implemented during the second half of 2021 which resulted in a significant reduction in costs and various asset impairments”, explains SIMEC.

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Ovoca Bio PLC – Dublin-based biopharmaceutical company focused on women’s health – Pre-tax loss in the six months ended June 30 widens to €5.7m from €3.1m a year earlier. Generates no revenue, unchanged from previous year.

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Graft Polymer (UK) PLC – London-based company focused on the development and production of polymer modifications, biological supplements and nano-drug delivery systems However, pre-tax loss rises from £407,000 to £815,000 £. Administrative expenses more than doubled from £365,000 to £783,000.

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GRIT Investment Trust PLC – invests in small and mid-cap natural resources and mining companies – Turns to a pre-tax loss of £89,000 in the six months to June 30, from a profit of £366,000 a year earlier early.

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Livermore Investments Group Ltd – investment company focused on fixed income instruments – Net asset value per share at the end of the six months to June 30 fell to $0.79 from $1.00 a year earlier. Slides from $1.07 at year end December. “The economic environment in 2022 can be characterized as a period of indigestion from the monetary and fiscal largesse of previous years. Inflation has reached multi-decade highs. The inflation picture has been further complicated by the shock of energy costs emanating from sanctions imposed on Russia for its war in Ukraine, so central banks in developed economies are forced to enforce economic pauses and raise interest rates in an effort to contain inflation Financial markets have fallen, with fixed income and equity markets posting significant losses in 2022,” Livermore says.

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Amati AIM?VCT?PLC – Edinburgh based investment firm – Net asset value per share at the end of the six months to July 31 decreased to 146.5 pence from 215.4 pa a year earlier. Interim payment reduced to 3.5 pence per share from 4.5 pence. “The six months to July 31 were a tough time for small business valuations. Inflation was already rising sharply due to the continuation of quantitative easing measures introduced in 2020. These problems were further exacerbated by Russia’s impermissible invasion of Ukraine on February 24, which currently has no end. acceptable on the horizon,” the company says.

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RiverFort Global Opportunities PLC – Wycombe-based investment adviser – Net asset value per share at the end of the six months to June 30 fell 2.2% to 1.46p from 1.49p in December. “Going forward, we believe the company has an attractive investment portfolio that not only has the potential to generate income with downside protection, but also significant upside potential to generate capital gains. from appropriate pre-IPO investments. In particular, Smarttech247 is actively progressing towards a public listing in Q4 2022, which is expected to generate an attractive return on investment,” said Non-Executive Chairman Philip Haydn-Slater.

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M&C Saatchi PLC – London-based advertising agency – Last week, on Friday, Advancedadvt Ltd’s takeover bid lapsed. Added to the shares Advancedadvt already owns in M&C, acceptances totaled just over 35%. AdvancedAdvT is M&C Saatchi’s largest shareholder and is chaired by former M&C Saatchi board member Vin Murria. Under the AdvancedAdvT offer, M&C Saatchi shareholders would receive 2,043 new AdvancedAdvT shares and 40p in cash, or would receive 2,530 new AdvancedAdvT shares.

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TPXimpact Holdings PLC – London-based IT consultancy – Trading in the six months ended September “below our expectations”, will hit full-year profit in the process. The “underestimated” upheavals of the management caused a work of integration. “This resulted in a lower-than-expected first-quarter backlog, which impacted second-quarter revenue,” the company said. “In the second quarter, the group took steps to reposition the sales, growth and offers management team in specific divisions (primarily the Consulting division) to bring them closer to the account management and delivery teams. that generate ongoing revenue and upsells.” The investments drove up the cost base. Now expects annual adjusted profit before interest, tax, depreciation and amortization of £7.0m to £7.5m. Chief Executive Neal Gandhi and Chief Financial Officer Oliver Rigby step down effective October 1.

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Agriterra Ltd – Guernsey-based agricultural investment company – Revenue for the year ended March 31 fell to $10.3 million from $14.3 million. The pre-tax loss ranges from $2.4 million to $2.2 million. Incomes are falling due to “the influx of maize from Malawi and Zambia which has saturated the Mozambican market”.

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Mode Global Holdings PLC – London based bitcoin banking app – Revenue in six months to June 30 down to £535,000 from £814,000. The pre-tax loss narrowed to £3.6m from £3.9m. Administrative expenses increased from £4.0m to £3.7m.

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Sallie R. Loera