Falkland Oil slides after discounted placing
13th Jan 2012 10:04
Falkland Oil and Gas (FOGL), one of the firms hoping to discover substantial oil resources around the Falkland Islands, saw its share price sink after placing shares at a steep discount. The company has raised £48.5m through the placing of 112.8m shares at 43p per share, more than 7p below the mid-
Read moreFalkland Islands ahead of expectations
20th Apr 2011 10:35
Falkland Islands Holdings, the AIM-quoted retail, transport and logistics services group with an 8.2% stake in Falkland Oil and Gas Ltd, says that trading in the year ended 31 March has been ahead of expectations, and underlying pre-tax profits will be around £2.7m, a similar level to the previous y
Read moreFalkland Islands Holdings hit by weak art market
3rd Dec 2010 15:19
Profits dipped at Falkland Islands Holdings in the half year to September 30 as economic weakness in mother country hit trading at its art handling division Momart. The company, which is involved in retail, property, and oil exploration in the Falklands, said underlying pre-tax profits for the peri
Read moreFriday tips round-up: Premier Farnell, Redrow, Home Retail...
10th Sep 2010 06:47
There is potentially more to go for at Premier Farnell. In the US, web sales are about a third of the total, well behind the 46% seen across the group. There is also more scope for growth in China and in India, South Korea, Taiwan and Thailand, where it has just set up shop. About 300,000 new custom
Read moreSmall caps: Cluff, Ocean Power, Falkland...
9th Sep 2010 14:48
Cluff Gold's production is now above estimates at the half year with cash costs continuing to fall compared to 2009. "Kalsaka has achieved its best operating performance to date, whilst the new crushing facility now being commissioned at Angovia is expected to have a significant effect on the pro
Read moreFalkland Islands Holdings Swings To FY10 Profit
23rd Jun 2010 07:52
LONDON (Dow Jones)--Falkland Islands Holdings PLC (FKL.LN), an international services group, reported Wednesday a swing into pretax profit for fiscal 2010 and said its trading performance year to date is in line with its expectations. MAIN FACTS: -Revenue for the year ended March 31 GBP29.2
Read moreFalkland Island beats expectations
23rd Jun 2010 07:35
Falkland Islands Holdings said all three of its trading businesses performed well last year in extremely tough market conditions. The company, which gas retailing, property, insurance, hotels, shipping and fishing agency services on the Falkland Islands, saw underlying profit before tax in the year
Read moreSmall caps round-up: Caza Oil & Gas, Alexon, Falkland Island
22nd Apr 2010 14:22
Shares in Caza Oil & Gas jumped after it said it encountered 'multiple gas bearing sands' after drilling at the Wharton West Wilcox Field in Texas. Shares in vehicle tracking systems specialist Minorplanet slumped after it said it is selling its UK arm, which accounts for about 40% of overall reven
Read moreTuesday tips round-up: BHP Billiton, Rio Tinto, Shanks
8th Dec 2009 06:36
The fundamentals for both BHP Billiton and Rio Tinto look good now their iron ore tie-up in Australia has finally happened. Spot iron ore prices are currently around one-third higher than contract prices, indicating the latter will move in line, and Chinese steel production continues at high level
Read moreSmall caps round-up: Assetco, IS Pharma, Safeland
7th Dec 2009 12:05
Fire service equipment outsourcer Assetco's profits fell to £5.4m in the six months to September from £6.5m, though its underlying half year performance was significantly ahead of the comparable period. The core Integrated Support Services business delivered a 25% increase in profit to £3.9m as a r
Read moreLondon close: Shares drop again in late trading
30th Nov 2009 16:32
London's blue chips recovered most of their losses in late afternoon trading and looked like they could be set for a positive finish before turning down again just before the close. Banks such as Lloyds Banking, Royal Bank of Scotland and Standard Chartered remained nervous about the debt situation
Read moreLondon afternoon: Banks pare losses
30th Nov 2009 14:36
Leading share prices are still holding steady at lower levels as investors await further developments from Dubai. Banks such as Lloyds Banking, Royal Bank of Scotland and Standard Chartered remain nervous about the debt situation in emirate, though the morning's losses have been pared. HSBC defie
Read moreFalkland Islands makes killing on Falkland Oil share sale
30th Nov 2009 14:21
Falkland Islands Holdings has made a £3.1m profit after selling 3m shares in Falkland Oil and Gas. The group, which owns businesses in the South Atlantic territory, offloaded 20% of its stake in Falkland Oil, but still owns 12m shares, or 8.2% of the business. Falkland Oil shares have doubled this
Read moreFriday tips round-up: Royal Bank of Scotland, BG, Galliford Try
11th Sep 2009 06:48
Royal Bank of Scotland is in a mess and its chief executive, Stephen Hester, has made no bones about that fact. The shares have recovered strongly recently. Although the economic outlook appears better than it was and RBS should benefit, be wary of backing the lender at these levels until there is
Read moreArt write-down puts Falkland Islands in red
16th Jun 2009 08:23
An impairment charge of £2m linked to its art logistics business has sent Falkland Islands Holdings into the red. The group, which owns businesses in the South Atlantic territory, reported a loss before tax of £600,000 for the year to 31 March 2009 versus a £1.9m profit last time. Turnover rose 84%
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