Alkane Energy (ALK)

38.75p
   
  • Change Today:
    -1.25p
  • 52 Week High: 51.00
  • 52 Week Low: 28.50
  • Currency: UK Pounds
  • Shares Issued: 124.24m
  • Volume: 139,170
  • Market Cap: £48.14m
  • RiskGrade: 115
  • Beta: 0.34

Small caps round-up: Encore Oil, Chime Comms, Hutchison China...

Date: Wednesday 09 Mar 2011

LONDON (ShareCast) - North Sea oil explorer Encore Oil is looking to float a new company made up of its exploration assets on AIM, while maintaining a “significant” shareholding.

“The new company would raise the necessary capital to progress a high impact exploration drilling programme,” it said alongside today’s interim results.

“It would be expected that exploration of these assets would be at higher working equity levels than EnCore would have retained, and it is expected that this would also allow the retention of operatorship control which would likely have been lost via individual farm-outs.”

David Hart, an oil and gas analyst at Westhouse Securities, said the potential restructuring “looks promising”. Most of the operational aspects of the numbers had already been flagged.

Marketing services group Chime Communications grew profit before tax and one-off items by 40% in 2010 to £26.5m, or by 14% to £21.2m on a reported basis.

"Another brilliant year,” cried the Bell Pottinger owner’s chairman Lord Bell who, while “confident of 2011”, is “cautious about UK and world GDP growth”.

China-based healthcare and consumer products group Hutchison China Meditech narrowed full-year losses to $2.6m from $5m in 2009 on revenues up 21% to $134.5m.

“The growth potential for Chi-Med is considerable,” boss Christian Hogg said. “We view 2011 with optimism and look forward to delivering significant growth in shareholder value."

Diagnosis software developer Medicsight hopes an increase in Computer-Aided Detection (CAD) software during the fourth quarter of 2010will continue into 2011.

It also sees an increase in orders for the MedicCO2LON insufflator product following a worse than expected performance at the end of last year.

While electricity output at Alkane Energy grew by 26% to 120GWh, this was partly offset by 21% decline in average electricity sales prices (after high prices in 2009), meaning revenues grew just 5% in 2010 to £6.6m, from £6.3m. Pre-tax profit for the coal mine methane (CMM) group fell from £2.1m to £1.3m.

“Our CMM operations have been profitable and cash generative even at the selling prices we have experienced in 2010. We are re-investing these funds with the aim of delivering both increased production and improved selling prices in 2011,” said chairman John Lander.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Alkane Energy Market Data

Currency UK Pounds
Share Price 38.75p
Change Today -1.25p
% Change -3.13 %
52 Week High 51.00
52 Week Low 28.50
Volume 139,170
Shares Issued 124.24m
Market Cap £48.14m
Beta 0.34
RiskGrade 115

Alkane Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
74.47% below the market average74.47% below the market average74.47% below the market average74.47% below the market average74.47% below the market average
84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average
Price Trend
35.20% above the market average35.20% above the market average35.20% above the market average35.20% above the market average35.20% above the market average
41.18% above the sector average41.18% above the sector average41.18% above the sector average41.18% above the sector average41.18% above the sector average
Income
89.6% below the market average89.6% below the market average89.6% below the market average89.6% below the market average89.6% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
72.21% above the market average72.21% above the market average72.21% above the market average72.21% above the market average72.21% above the market average
69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Alkane Energy Dividends

  Latest Previous
  Final Final
Ex-Div 23-Apr-14 17-Apr-13
Paid 30-May-14 31-May-13
Amount 0.20p 0.100p

Trades for 23-Apr-2014

Time Volume / Share Price
16:14 25,000 @ 37.65p
13:15 1,563 @ 39.00p
13:13 22,000 @ 37.65p
12:34 222 @ 39.05p
12:03 25,575 @ 39.10p

Alkane Energy Key Personnel

Chair John Lander
Finance Director Stephen Goalby
CEO Neil Christopher O'Brien
Chair Roger McDowell

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