AIM WINNERS & LOSERS: Zambeef Products rises 16% on positive outlook
Thu, 6th May 2021 11:39
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.
AIM - WINNERS
Zambeef Products PLC, up 16% at 7.40 pence, 12-month range 4.00p-8.05p. The Zambia-focused cold chain foods and retail business says for year ending September 30, revenue is expected to be in line with current market expectations. Adjusted pretax profit is expected to be 20% to 30% ahead of forecasts. Revenue in financial 2020 was ZMW3.88 billion, about GBP124.6 million. Pretax loss was ZMW22.7 million.
Bahamas Petroleum PLC, up 12% at 0.36p, 12-month range 0.3p-3.7p. The Caribbean-focused oil and gas company says rig mobilisation to the Saffron 2 well in Trinidad & Tobago will commence on Sunday and is targeting commencement of drilling on or around May 23. Says a further five to nine production wells are currently planned to be drilled in the second half of 2021 as par
BPC, the Caribbean and Atlantic margin focused oil and gas company, with production, appraisal, development and onshore and offshore exploration assets across the region, has provided an update on the upcoming drilling of the Saffron-2 well in Trinidad and Tobago.
Oil price, JOG, Genel, Predator, BPC, Echo. And finally…
JOG has announced results for 2020 this morning and all is as expected, after all much has happened since the year end and the company is on the brink of significant progress on the GBA project.
WTI $65.63 -6c, Brent $68.96 +8c, Diff -$3.33 +14c, NG $2.94 -3c, UKNG 61.36p +1.86p
Oil price
Nothing changes as oil continues to nudge forwards, the EIA inventory stats were fairly similar to the API, crude and distillates saw decent draws, only gasoline disappointed with a small build mainly as refinery runs increased by 1.1% w/w.
Jersey Oil & Gas