Latest news with #Afentra
Business Wire
19-06-2025
- Business
- Business Wire
Maurel & Prom S.A.: Signing of an SPA to acquire additional interests in Blocks 3/05 and 3/05A in Angola
PARIS--(BUSINESS WIRE)--Regulatory News: Etablissements Maurel & Prom S.A. (Paris:MAU) ("M&P", the 'Group') is pleased to announce it has agreed to jointly acquire, alongside Afentra plc ('Afentra'), Etu Energias S.A.'s ('Etu') 10% interest in Blocks 3/05 and 13.33% interest in Block 3/05A in Angola (the 'Acquisition'). M&P has signed a Sale and Purchase Agreement ('SPA') with Etu for its 50% share of the Acquisition which is subject to customary closing conditions including approval from Angolan authorities. M&P will acquire an additional interest of 5% in Block 3/05 and 6.67% in Block 3/05A, with an initial consideration of $23 million. A contingent consideration of up to $11 million may be payable, linked to a combination of oil price thresholds, production performance, and the successful development of existing discoveries. The acquisition will be funded entirely from M&P's existing cash resources and available credit facilities ($377 million as of 31 March 2025, proforma finalisation of the accordion in early April). Olivier de Langavant, Chief Executive Officer of M&P, declared: ' This transaction marks a further step in the expansion of M&P's footprint in Angola, a country where we see strong potential for long-term value creation. By increasing our interests in Blocks 3/05 and 3/05A, we reinforce our commitment to stable, producing assets with upside from development and near-field exploration. We are also pleased to strengthen our collaboration with our partners, including Sonangol and Afentra, as we continue supporting Angola's upstream sector. ' Transaction overview M&P has signed an SPA to acquire 50% of Etu's working interests in offshore Blocks 3/05 and 3/05A, consisting in a 5% non-operated working interest in Block 3/05 and a 6.67% non-operated working interest in Block 3/05A. The effective date of the transaction is 31 December 2023. The total headline cash consideration payable by M&P at completion is $23 million. This includes $22 million for the Block 3/05 interest and $1 million for the Block 3/05A interest. The consideration is on a cash-free, debt-free basis and is subject to customary adjustments for working capital and crude inventory balances between the effective date and completion. Based on current estimates, these adjustments are expected to result in a material reduction to the final cash consideration payable at completion. M&P may pay up to $6 million in contingent consideration for Block 3/05: This applies only to the years 2025 and 2026, with the annual contingent payment capped at $3 million; Payments are based on a sliding scale of average annual Brent oil price between $75 per barrel and $123 per barrel; and Only if average gross production exceeds 15,000 barrels of oil per day for the relevant year. A further contingent consideration of up to $5 million may be made in connection with the Caco-Gazela and Punja discoveries on Block 3/05A: Two payments of $2.5 million each are payable one year after first oil from each development; Subject to a minimum Brent price of $75 per barrel and gross production averaging at least 5,000 bopd during the twelve months following first oil; and First oil must occur by 31 December 2029 for the contingent payments to become due. Following completion of the Acquisition, the joint venture partners across both Blocks 3/05 and 3/05A will be comprised as follows: Next steps Completion of the Acquisition remains subject to customary conditions precedent, including government approvals in Angola and finalisation of definitive documentation. M&P expects closing of the Acquisition to take place in the second half of 2025. Asset description Located offshore in the Lower Congo Basin of Angola, Blocks 3/05 and 3/05A are mature, producing assets comprising several oilfields developed since the 1980s, with a strong track record of production. It benefits from established infrastructure and ongoing redevelopment efforts aimed at enhancing recovery. M&P has been a partner on these blocks since 2019. Before the Acquisition, it held a 20% interest in Block 3/05 and a 26.67% interest in Block 3/05A. As of Q1 2025, gross production on Blocks 3/05 and 3/05A was respectively 21,300 bopd and 800 bopd. Glossary For more information, please visit This document may contain forecasts regarding the financial position, results, business and industrial strategy of Maurel & Prom. By their very nature, forecasts involve risk and uncertainty insofar as they are based on events or circumstances which may or may not occur in the future. These forecasts are based on assumptions we believe to be reasonable, but which may prove to be incorrect and which depend on a number of risk factors, such as fluctuations in crude oil prices, changes in exchange rates, uncertainties related to the valuation of our oil reserves, actual rates of oil production rates and the related costs, operational problems, political stability, legislative or regulatory reforms, or even wars, terrorism and sabotage. Maurel & Prom is listed on Euronext Paris CAC Mid & Small – CAC All-Tradable – PEA-PME and SRD eligible Isin FR0000051070 / Bloomberg / Reuters
Yahoo
14-06-2025
- Business
- Yahoo
Afentra Full Year 2024 Earnings: Misses Expectations
Revenue: US$180.9m (up by US$154.5m from FY 2023). Net income: US$52.4m (up from US$2.71m loss in FY 2023). Profit margin: 29% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. EPS: US$0.23 (up from US$0.012 loss in FY 2023). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 20%. In the last 12 months, the only revenue segment was Oil & Gas - Exploration & Production contributing US$180.9m. Notably, cost of sales worth US$96.0m amounted to 53% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$22.1m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how AET's revenue and expenses shape its earnings. Looking ahead, revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in the United Kingdom. Performance of the British Oil and Gas industry. The company's shares are up 4.5% from a week ago. Before we wrap up, we've discovered 2 warning signs for Afentra (1 is a bit concerning!) that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
Discover UK Penny Stocks To Watch In June 2025
The UK market has faced challenges recently, with the FTSE 100 index closing lower due to weak trade data from China, highlighting concerns about global economic recovery. Despite these broader market difficulties, certain investment opportunities remain attractive. Penny stocks, while often considered a relic of past trading days, still offer potential for growth when they are backed by strong financials and solid fundamentals. In this article, we explore several penny stocks that stand out as promising candidates for investors seeking hidden value in the UK market. Name Share Price Market Cap Financial Health Rating Foresight Group Holdings (LSE:FSG) £4.035 £453.9M ★★★★★★ Warpaint London (AIM:W7L) £4.70 £379.7M ★★★★★★ Cairn Homes (LSE:CRN) £1.876 £1.17B ★★★★★☆ Ultimate Products (LSE:ULTP) £0.756 £63.63M ★★★★★☆ Van Elle Holdings (AIM:VANL) £0.385 £41.66M ★★★★★★ Polar Capital Holdings (AIM:POLR) £4.525 £436.27M ★★★★★★ LSL Property Services (LSE:LSL) £2.99 £308.82M ★★★★★☆ Begbies Traynor Group (AIM:BEG) £1.095 £174.69M ★★★★★★ Croma Security Solutions Group (AIM:CSSG) £0.86 £11.84M ★★★★★★ Braemar (LSE:BMS) £2.31 £72.24M ★★★★★★ Click here to see the full list of 407 stocks from our UK Penny Stocks screener. We'll examine a selection from our screener results. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Afentra plc is an upstream oil and gas company focused on operations in Africa, with a market cap of £107.65 million. Operations: The company's revenue is derived from its Oil & Gas - Exploration & Production segment, totaling $180.86 million. Market Cap: £107.65M Afentra plc, an upstream oil and gas company, has shown notable financial improvements with revenues reaching US$180.86 million for the year ending December 2024, a substantial increase from the previous year's US$26.39 million. The company transitioned to profitability with a net income of US$52.35 million compared to a prior net loss. Afentra's strong cash position exceeds its total debt, and its interest payments are well covered by EBIT at 9.4 times coverage. Despite significant insider selling recently, Afentra trades at good value relative to peers and has not experienced meaningful shareholder dilution over the past year. Navigate through the intricacies of Afentra with our comprehensive balance sheet health report here. Gain insights into Afentra's outlook and expected performance with our report on the company's earnings estimates. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Avingtrans plc, with a market cap of £135.24 million, provides engineered components, systems, and services to the energy, medical, and infrastructure industries across various global regions including the UK, Europe, USA, Africa, Middle East, Americas, Caribbean, China and Asia Pacific. Operations: The company generates revenue through its Energy Advanced Engineering Systems segment, which accounts for £146.03 million, and its Medical and Industrial Imaging segment, contributing £4.41 million. Market Cap: £135.24M Avingtrans plc, with a market cap of £135.24 million, operates in the energy and medical sectors, generating significant revenue through its Energy Advanced Engineering Systems segment (£146.03 million). Despite a negative earnings growth of -33.8% over the past year, the company has achieved an average annual earnings growth of 14.7% over five years. Avingtrans maintains a satisfactory net debt to equity ratio of 4.5%, with short-term assets (£98M) exceeding both short-term (£57.6M) and long-term liabilities (£23.3M). Its interest payments are well covered by EBIT (5.7x), though profit margins have decreased to 2.7%. Unlock comprehensive insights into our analysis of Avingtrans stock in this financial health report. Understand Avingtrans' earnings outlook by examining our growth report. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Helios Underwriting plc, along with its subsidiaries, offers limited liability investment opportunities for shareholders in the Lloyd's insurance market in the UK and has a market cap of £172.74 million. Operations: Helios Underwriting plc does not report specific revenue segments. Market Cap: £172.74M Helios Underwriting plc, with a market cap of £172.74 million, has shown robust earnings growth of 236.7% over the past year, surpassing its five-year average of 59.2%. Despite a decline in revenue to £36 million and net income to £18.58 million for 2024, the company maintains high-quality earnings and strong financial health with short-term assets (£900M) covering both short-term (£858.2M) and long-term liabilities (£22.9M). Recent strategic changes include a share buyback program worth up to £2 million and executive appointments aimed at reducing underwriting risk and operational costs for future stability. Take a closer look at Helios Underwriting's potential here in our financial health report. Gain insights into Helios Underwriting's historical outcomes by reviewing our past performance report. Dive into all 407 of the UK Penny Stocks we have identified here. Looking For Alternative Opportunities? We've found 16 US stocks that are forecast to pay a dividend yeild of over 6% next year. See the full list for free. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include AIM:AET AIM:AVG and AIM:HUW. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
Discover UK Penny Stocks To Watch In June 2025
The UK market has faced challenges recently, with the FTSE 100 index closing lower due to weak trade data from China, highlighting concerns about global economic recovery. Despite these broader market difficulties, certain investment opportunities remain attractive. Penny stocks, while often considered a relic of past trading days, still offer potential for growth when they are backed by strong financials and solid fundamentals. In this article, we explore several penny stocks that stand out as promising candidates for investors seeking hidden value in the UK market. Name Share Price Market Cap Financial Health Rating Foresight Group Holdings (LSE:FSG) £4.035 £453.9M ★★★★★★ Warpaint London (AIM:W7L) £4.70 £379.7M ★★★★★★ Cairn Homes (LSE:CRN) £1.876 £1.17B ★★★★★☆ Ultimate Products (LSE:ULTP) £0.756 £63.63M ★★★★★☆ Van Elle Holdings (AIM:VANL) £0.385 £41.66M ★★★★★★ Polar Capital Holdings (AIM:POLR) £4.525 £436.27M ★★★★★★ LSL Property Services (LSE:LSL) £2.99 £308.82M ★★★★★☆ Begbies Traynor Group (AIM:BEG) £1.095 £174.69M ★★★★★★ Croma Security Solutions Group (AIM:CSSG) £0.86 £11.84M ★★★★★★ Braemar (LSE:BMS) £2.31 £72.24M ★★★★★★ Click here to see the full list of 407 stocks from our UK Penny Stocks screener. We'll examine a selection from our screener results. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Afentra plc is an upstream oil and gas company focused on operations in Africa, with a market cap of £107.65 million. Operations: The company's revenue is derived from its Oil & Gas - Exploration & Production segment, totaling $180.86 million. Market Cap: £107.65M Afentra plc, an upstream oil and gas company, has shown notable financial improvements with revenues reaching US$180.86 million for the year ending December 2024, a substantial increase from the previous year's US$26.39 million. The company transitioned to profitability with a net income of US$52.35 million compared to a prior net loss. Afentra's strong cash position exceeds its total debt, and its interest payments are well covered by EBIT at 9.4 times coverage. Despite significant insider selling recently, Afentra trades at good value relative to peers and has not experienced meaningful shareholder dilution over the past year. Navigate through the intricacies of Afentra with our comprehensive balance sheet health report here. Gain insights into Afentra's outlook and expected performance with our report on the company's earnings estimates. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Avingtrans plc, with a market cap of £135.24 million, provides engineered components, systems, and services to the energy, medical, and infrastructure industries across various global regions including the UK, Europe, USA, Africa, Middle East, Americas, Caribbean, China and Asia Pacific. Operations: The company generates revenue through its Energy Advanced Engineering Systems segment, which accounts for £146.03 million, and its Medical and Industrial Imaging segment, contributing £4.41 million. Market Cap: £135.24M Avingtrans plc, with a market cap of £135.24 million, operates in the energy and medical sectors, generating significant revenue through its Energy Advanced Engineering Systems segment (£146.03 million). Despite a negative earnings growth of -33.8% over the past year, the company has achieved an average annual earnings growth of 14.7% over five years. Avingtrans maintains a satisfactory net debt to equity ratio of 4.5%, with short-term assets (£98M) exceeding both short-term (£57.6M) and long-term liabilities (£23.3M). Its interest payments are well covered by EBIT (5.7x), though profit margins have decreased to 2.7%. Unlock comprehensive insights into our analysis of Avingtrans stock in this financial health report. Understand Avingtrans' earnings outlook by examining our growth report. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Helios Underwriting plc, along with its subsidiaries, offers limited liability investment opportunities for shareholders in the Lloyd's insurance market in the UK and has a market cap of £172.74 million. Operations: Helios Underwriting plc does not report specific revenue segments. Market Cap: £172.74M Helios Underwriting plc, with a market cap of £172.74 million, has shown robust earnings growth of 236.7% over the past year, surpassing its five-year average of 59.2%. Despite a decline in revenue to £36 million and net income to £18.58 million for 2024, the company maintains high-quality earnings and strong financial health with short-term assets (£900M) covering both short-term (£858.2M) and long-term liabilities (£22.9M). Recent strategic changes include a share buyback program worth up to £2 million and executive appointments aimed at reducing underwriting risk and operational costs for future stability. Take a closer look at Helios Underwriting's potential here in our financial health report. Gain insights into Helios Underwriting's historical outcomes by reviewing our past performance report. Dive into all 407 of the UK Penny Stocks we have identified here. Looking For Alternative Opportunities? We've found 16 US stocks that are forecast to pay a dividend yeild of over 6% next year. See the full list for free. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include AIM:AET AIM:AVG and AIM:HUW. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
Discover UK Penny Stocks To Watch In June 2025
The UK market has faced challenges recently, with the FTSE 100 index closing lower due to weak trade data from China, highlighting concerns about global economic recovery. Despite these broader market difficulties, certain investment opportunities remain attractive. Penny stocks, while often considered a relic of past trading days, still offer potential for growth when they are backed by strong financials and solid fundamentals. In this article, we explore several penny stocks that stand out as promising candidates for investors seeking hidden value in the UK market. Name Share Price Market Cap Financial Health Rating Foresight Group Holdings (LSE:FSG) £4.035 £453.9M ★★★★★★ Warpaint London (AIM:W7L) £4.70 £379.7M ★★★★★★ Cairn Homes (LSE:CRN) £1.876 £1.17B ★★★★★☆ Ultimate Products (LSE:ULTP) £0.756 £63.63M ★★★★★☆ Van Elle Holdings (AIM:VANL) £0.385 £41.66M ★★★★★★ Polar Capital Holdings (AIM:POLR) £4.525 £436.27M ★★★★★★ LSL Property Services (LSE:LSL) £2.99 £308.82M ★★★★★☆ Begbies Traynor Group (AIM:BEG) £1.095 £174.69M ★★★★★★ Croma Security Solutions Group (AIM:CSSG) £0.86 £11.84M ★★★★★★ Braemar (LSE:BMS) £2.31 £72.24M ★★★★★★ Click here to see the full list of 407 stocks from our UK Penny Stocks screener. We'll examine a selection from our screener results. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Afentra plc is an upstream oil and gas company focused on operations in Africa, with a market cap of £107.65 million. Operations: The company's revenue is derived from its Oil & Gas - Exploration & Production segment, totaling $180.86 million. Market Cap: £107.65M Afentra plc, an upstream oil and gas company, has shown notable financial improvements with revenues reaching US$180.86 million for the year ending December 2024, a substantial increase from the previous year's US$26.39 million. The company transitioned to profitability with a net income of US$52.35 million compared to a prior net loss. Afentra's strong cash position exceeds its total debt, and its interest payments are well covered by EBIT at 9.4 times coverage. Despite significant insider selling recently, Afentra trades at good value relative to peers and has not experienced meaningful shareholder dilution over the past year. Navigate through the intricacies of Afentra with our comprehensive balance sheet health report here. Gain insights into Afentra's outlook and expected performance with our report on the company's earnings estimates. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Avingtrans plc, with a market cap of £135.24 million, provides engineered components, systems, and services to the energy, medical, and infrastructure industries across various global regions including the UK, Europe, USA, Africa, Middle East, Americas, Caribbean, China and Asia Pacific. Operations: The company generates revenue through its Energy Advanced Engineering Systems segment, which accounts for £146.03 million, and its Medical and Industrial Imaging segment, contributing £4.41 million. Market Cap: £135.24M Avingtrans plc, with a market cap of £135.24 million, operates in the energy and medical sectors, generating significant revenue through its Energy Advanced Engineering Systems segment (£146.03 million). Despite a negative earnings growth of -33.8% over the past year, the company has achieved an average annual earnings growth of 14.7% over five years. Avingtrans maintains a satisfactory net debt to equity ratio of 4.5%, with short-term assets (£98M) exceeding both short-term (£57.6M) and long-term liabilities (£23.3M). Its interest payments are well covered by EBIT (5.7x), though profit margins have decreased to 2.7%. Unlock comprehensive insights into our analysis of Avingtrans stock in this financial health report. Understand Avingtrans' earnings outlook by examining our growth report. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Helios Underwriting plc, along with its subsidiaries, offers limited liability investment opportunities for shareholders in the Lloyd's insurance market in the UK and has a market cap of £172.74 million. Operations: Helios Underwriting plc does not report specific revenue segments. Market Cap: £172.74M Helios Underwriting plc, with a market cap of £172.74 million, has shown robust earnings growth of 236.7% over the past year, surpassing its five-year average of 59.2%. Despite a decline in revenue to £36 million and net income to £18.58 million for 2024, the company maintains high-quality earnings and strong financial health with short-term assets (£900M) covering both short-term (£858.2M) and long-term liabilities (£22.9M). Recent strategic changes include a share buyback program worth up to £2 million and executive appointments aimed at reducing underwriting risk and operational costs for future stability. Take a closer look at Helios Underwriting's potential here in our financial health report. Gain insights into Helios Underwriting's historical outcomes by reviewing our past performance report. Dive into all 407 of the UK Penny Stocks we have identified here. Looking For Alternative Opportunities? We've found 16 US stocks that are forecast to pay a dividend yeild of over 6% next year. See the full list for free. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include AIM:AET AIM:AVG and AIM:HUW. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
