Risers and fallers – 08/01/2014

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2 mins. to read

Risers: 

Victoria Oil & Gas +7.73%

African energy utility company, Victoria Oil & Gas, has today signed a number of important customer agreements that puts the company’s operating subsidiary, ‘Gaz du Cameroun’ in a strong position to expand gas production. The company signed a collaboration agreement for conversion of heavy fuel oil (HFO) and also an agreement for thermal power provision. 

Interserve +1.89%

Interserve has today reported a good maintained level of revenue into 2014 and has continued to perform in-line with market expectations since November 2013. The board will continue to invest in both new and existing business for growth. 

Anglo Asian Mining +6.82%

Azerbaijan gold producer, Anglo Asian Mining, has today reported a positive update regarding its new drilling programme in western Azerbaijan. The 3000 meter mine, 400 miles north of the company’s Gedabek mine, has continued to show high grade gold. The company has said they have a geophysical programme beginning in Q2 that is said to assist in the optimisation of drill hole targets. 

Hellenic Carriers +6.59%

Hellenic Carriers Limited, a company that specialises in marine transport, has today revealed they have received a delivery of the Ocean Alliance vessel that was built in 2004. The company has added they are well positioned to benefit from the growth in the shipping industry. Ocean Alliance, which the company have since renamed ‘M/V Pistis’, was delivered to the company yesterday (07 Jan) at a price of $16.2m. 

 

Fallers: 

Mothercare -31.01%

Shares in international baby and mother retailer, Mothercare, have dropped over 30% during early morning trading today. The sharp drops comes after the company reported like-for-like sales down 4% for the 12 weeks ended 4 Jan. The company has blamed the disappointing figures on lower seasonal footfall and has issued a profit warning with FY profit to be below market expectations. 

Sainsbury -2.24%

Third largest UK supermarket, Sainsbury, have today reported a 0.2% rise in Q3 like-for-like sales (excluding fuel). The incredibly important 14 week period has also seen total sales increase by 2.7%, helped by the Christmas period. 

Quadrise Fuels International -5.71%

Fuel supplier, Quadrise Fuels International, is said to raise further equity funds before the end of March 2014. The level of funds will be within shareholder approval levels which were obtained in November 2013 at the annual general meeting. 

Dialight -25.83%

LED light manufacturer, Dialight, has today revealed they expect underlying profit now to be no less that £14.5m for their continued operations in 2013. The company said industrial lighting sales have increased by £23m in the year, up 50%. 

Salamander Energy -3.51%

Oil and gas exploration and production company, Salamander Energy, has today said that a damaged production riser from the Bualuang oil field has had to be temporarily shut. The company has been keen to add that this will not affect its 2014 production forecast.

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