logo-loader

Risers & Fallers: Trinity Exploration & Production, STM Group, Anglo American and more...

Below are some of the main share price movements at 4pm

14095639520_1e12960fd7_o_opt.jpg
Trinity Exploration & Production was higher today

Below are some of the main share price movements at 4pm

RISERS

Invista European Real Estate Trust (LON:IERE) up 285%. The spread from market makers has been to but at 0.5p and sell at 0.2p. Shares have been volatile today with more than 21.8mln moved compared to an average of 366,000.

Trinity Exploration & Production (LON:TRIN) up 11.1%. Through its subsidiary, Oilbelt Services, the Trinidad-focussed oil explorer sold its 100% stake in the Gaupo-1 block to New Horizon Exploration Trinidad and Tobago for US$2.8mln.

STM Group (LON:STM) up 6.5%. Pre-tax profits jumped 40% to £1.4mln in the first half of the year as it improved margins. Strong growth across all its divisions also pushed sales higher.

 

FALLERS

Jubilant Energy (LON:JUB) down 65%. The company is looking at selling off assets to deal with large debt issues after reporting a huge US$116mln loss in the year to March 31 compared to the £8.5mln loss the previous year, mainly due to £121mln in impairment charges.

Aurasian Minerals (LON:AUM) down 11.4%. The company has been waiting on applications for three mining assets in Myanmar, but has said that the slow approvals process and need for near-term value-creating assets means it has had to withdraw them.

Anglo American (LON:AAL) down 7.99%. The platinum miner struggled after more downbeat economic data from China caused analysts to say it’s the country’s economy is slowing down and Beijing may miss its GDP targets.


Below are some of the main share price movements at 1pm

RISERS

Petroceltic (LON:PCI) up 14.9%. ENI announced that it had made the largest ever gas find in the Mediterranean, offshore Egypt. The discover is in the corner of a block adjacent to the North Port Fouad licence, which Petroceltic shares on a 50:50 basis with Edison

AGA Rangemaster (LON:AGA) up 9.9%. The takeover target has received a new bid from Whirlpool Corporation but will press ahead with a meeting next week to consider the 185p per share offer already on the table from Middleby Corp.

Fletcher King (LON:FLK) up 9.3%. The property manager, through its subsidiary, has sold a property and will pay out 8p per share as a special dividend on September 25 to those shareholders on the register at the close of business on September 11.

 

FALLERS

New World Oil & Gas (LON:NEW) down 10%. The company is looking at new projects but said its existing ones were in need of farm-in partners to develop, with its licences in Denmark potentially weeks away from being relinquished.

Glencore (LON:GLEN) down 4.99%.  Blue-chip miners were falling following weak manufacturing data from China, which reaffirmed concerns that the country’s economy is slowing down.

Man Group (LON:EMG) down 4.4%. Reports surfaced today that the head of its China division has been taken into custody to assist a police probe into market volatility.


Below are some of the main share price movements at 10am 

RISERS

Latchways (LON:LTC) up 47.5%. MSA subsidiary Bidco has made a bid of 1,100p per share for Latchways. The offer values Latchways at £124mln, a premium of 53% to Friday’s close.

African Potash (LON:AFPO) up 21.1%. The company signed its second deal to supply fertilizer to a country in the Common Market for Eastern and Southern Africa. It is with an unnamed Malawian which will take 50,000 metric tonnes a year over an initial three years.

Northcote Energy (LON:NCT) up 14.5%. The US oil explorer’s Lutcher Moore #20 well (LM #20) at the Shoats Creek field, Beauregard Parish, substantially exceeded its pre-drill expectations in multiple areas including thickness of pay-zone, oil cut and daily rates achieved during testing.

 

FALLERS

Entu (LON:ENTU) down 31.4%. The company delivered a profit warning as it said it has decided to axe its solar division following the government’s proposal for a reduction in tariffs.

Havelock Europa (LON:HVE) down 27.3%. The furniture company is selling its Teacherboards business as it issued a profit warning for 2015, saying results would be below guidance. It is also cutting 10% of its staff.

Auhua Clean Energy (LON:ACE) down 25.6%. The news from Entu hit fellow clean energy provider Auhua, which Friday said it had not received a takeover approach despite speculation to the contrary.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Zena Pay looks to help cannabis industry navigate the...

Fig House communication’s Dave Carter joined Steve Darling from Proactive Vancouver to discuss Zena Pay. They provide software solutions that specialize in payment, plant tracking, cannabis business management software, supply chain management, compliance management and government auditing...

1 day, 9 hours ago

4 min read