Risers and fallers – 18/12/13

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2 mins. to read

Risers: 

Ophir Energy +2.50%

Oil and Gas producer, Ophir Energy, has entered into a comprehensive farm-out deal with Austrian OMV in regards to its deep-water blocks in Gabon. The agreement states that OMV will acquire a 30% non-operated interest in the Manga and Gnondo blocks and also 10% non-operated interest in the Mbeli and Ntsina blocks. 

Barratt Developments +1.71%

UK homebuilder, Barratt Developments, has revealed today a new joint venture with London and Quadrant which sees the company acting as the parent entity for the strategic alliance between the two.  The company has also said that a £120m revolving credit facility has been arranged for the joint venture. 

Essar Energy +4.27

Leading the FTSE 250 this morning is Indian-focused oil and gas company Essar Energy after reiterating its positive outlook for the firm. The company has said it is trading in line with its expectations amid strong energy demand in India. 

UK Oil & Gas Investments +14.29%

UK Oil & Gas has today been formally released from a £2m liability to HSBC at no cost to the company. The liability came from when the company was manufacturing specialty antennas. 

Univision Engineering Ltd + 7.41%

Hong Kong based CCTV firm, Univision Engineering, has today posted a significant increase in HY pretax profit to £286,000 compared with £15,000 a year ago. The company recorded revenue of £4.4m compared to £3.3 last year. 

 

Fallers: 

Braveheart Investment Group -19.35%

Braveheart Investment Group has posted a pretax HY loss of £845,000 today due to poor trading conditions in its subsidiary, Envestors, which accounted for £805,000 of the loss. The company made a profit of £67,000 last year therefore has made a significant loss during the half year ended Sept 30. 

Uru Metals -11.76%

Uranium and base metals explorer, Uru Metals, has today announced that their Chief Executive Roger Lemaitre is to resign and will be leaving the company at the beginning of the new year on Jan 10. Mr Lemaitre is said to pursue another career opportunity with a different company. 

Interbulk Group -8.16%

Intermodal logistics solutions provider, Interbulk Group, has today posted a FY pretax loss of £12.9m in comparison to a £4.9m profit a year earlier. Revenue was down slightly at £271.5m vs. £280.4 last year. The company has said it has growth opportunities in place, even though they have today reported this significant swing. 

LZYE Group -37.33%

Hong Kong based children’s learning provider has today revealed it is in discussions with another Chinese company regarding a strategic partnership and has taken note of the sharp decline in the company’s share price over the last few days.

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