Latest news with #GulfKeystone
Yahoo
07-05-2025
- Business
- Yahoo
3 UK Growth Companies With High Insider Ownership And 20% Revenue Growth
The United Kingdom market has faced recent challenges, with the FTSE 100 and FTSE 250 indices experiencing declines amid concerns over weak trade data from China and its impact on global demand. In this environment, identifying growth companies with high insider ownership can be appealing to investors seeking resilience and alignment of interests between shareholders and management. Top 10 Growth Companies With High Insider Ownership In The United Kingdom Name Insider Ownership Earnings Growth Gulf Keystone Petroleum (LSE:GKP) 12.4% 59.2% Foresight Group Holdings (LSE:FSG) 35.1% 26.3% QinetiQ Group (LSE:QQ.) 13.1% 30.1% Facilities by ADF (AIM:ADF) 13.2% 161.5% Judges Scientific (AIM:JDG) 10.7% 24.4% Audioboom Group (AIM:BOOM) 15.6% 59.3% Mortgage Advice Bureau (Holdings) (AIM:MAB1) 19.8% 20.3% B90 Holdings (AIM:B90) 24.4% 166.8% Hochschild Mining (LSE:HOC) 38.4% 24.7% Anglo Asian Mining (AIM:AAZ) 40% 116.2% Click here to see the full list of 62 stocks from our Fast Growing UK Companies With High Insider Ownership screener. Let's review some notable picks from our screened stocks. Simply Wall St Growth Rating: ★★★★☆☆ Overview: Applied Nutrition Plc manufactures, wholesales, and retails sports nutritional products in the United Kingdom and internationally, with a market cap of £292.50 million. Operations: The company's revenue segment comprises Vitamins & Nutrition Products, generating £88.35 million. Insider Ownership: 35.5% Revenue Growth Forecast: 11.9% p.a. Applied Nutrition's earnings are forecast to grow at 15.7% annually, outpacing the UK market, while trading at a significant discount to its estimated fair value. The company's revenue is expected to rise by 11.9% per year, bolstered by strategic partnerships such as the recent TANG® co-branding deal in North America. Despite a decrease in net income for H1 2025 compared to last year, its inclusion in the S&P Global BMI Index highlights its market relevance and growth potential. LSE:APN Earnings and Revenue Growth as at May 2025 Simply Wall St Growth Rating: ★★★★★☆ Overview: Foresight Group Holdings Limited is an infrastructure and private equity manager operating in the United Kingdom, Italy, Luxembourg, Ireland, Spain, and Australia with a market cap of £437.90 million. Operations: The company's revenue is derived from three segments: Infrastructure (£87.79 million), Private Equity (£50.78 million), and Foresight Capital Management (£8.10 million).
Iraq Business
03-04-2025
- Business
- Iraq Business
GKP outlines Payments to Govts for 2024
By John Lee. Gulf Keystone Petroleum (GKP) has published details of its payments to governments for the year 2024: Introduction This report sets out details of the payments made to governments by Gulf Keystone Petroleum Ltd and its subsidiary undertakings ('Gulf Keystone') for the year ended 31 December 2024 as required under Disclosure and Transparency Rule 4.3A issued by the UK's Financial Conduct Authority ('DTR 4.3A') and in accordance with The Reports on Payments to Governments Regulations 2014 (as amended in 2015) (the 'UK Regulations') and our interpretation of the Industry Guidance on the UK Regulations issued by the International Association of Oil & Gas Producers. DTR 4.3A requires companies listed on a stock exchange in the UK and operating in the extractive industry to publicly disclose payments to governments in the countries where they undertake exploration, prospection, discovery, development and extraction of minerals, oil, natural gas deposits or other materials. Basis for preparation Total payments below £86,000 made to a government are excluded from this report, as permitted under the UK Regulations. All of the payments made in relation to the Shaikan Production Sharing Contract ('Shaikan PSC') in the Kurdistan Region of Iraq have been made to the Ministry of Natural Resources ("MNR") of the Kurdistan Regional Government ("KRG"). Production entitlements Production entitlements are the host government's share of production during the reporting period from the Shaikan Field operated by Gulf Keystone. The figures reported have been produced on an entitlement basis, rather than on a liftings basis. Production entitlements are paid in-kind and the monetary value disclosed is derived from management's estimates based on the monthly oil sales invoices. Royalties Royalties represent royalties paid in-kind to governments during the year for the extraction of oil. The terms of the royalties are described within the Shaikan PSC. Royalties have been calculated on the same basis as production entitlements. Licence fees and capacity building payments These include licence fees, rental fees, entry fees, capacity building payments, security fees and other considerations for licences or concessions. Summary of payments 2024 Production entitlements in-kind(1) ('000 bbl) 4,987 Production entitlements in-kind(1) ($'000) 134,261 Royalties in-kind(1) ('000 bbl) 1,192 Royalties in-kind(1) ($'000) 32,098 Licence fees and capacity building payments in-kind(2) ($'000) 8,566 Infrastructure improvement payments(3) 218 Total ('000 bbl) 6,177 Total ($'000) 175,080 For the purposes of the reporting requirements under the UK Regulations, Gulf Keystone is required to characterise the value of the KRG's production entitlements under the PSC as a payment to the KRG. Throughout all of 2024, crude oil produced by Gulf Keystone was sold to local buyers. The KRG received its share of profit oil in accordance with the PSC and sold the volumes directly to local buyers with the estimated value of such sales being included as a payment to the KRG. All sales in the period were sold locally with the KRG receiving capacity building volumes in-kind, which they then sold to local buyers. The value of licence, rental and security fees has been accrued and is not expected to be cash settled, but rather offset against historic revenue due from the KRG, which has not yet been recognised in the financial statements. Support for local communities including drilling of water supply well and providing water filtration equipment, purchase of generators following severe floods, planting olive trees and upgrade of road-calming measures. In addition, provided training to local villagers including literacy programmes and sewing courses. (Source: GKP)
Iraq Business
20-03-2025
- Business
- Iraq Business
Gulf Keystone shares rise on Full-Year Results
By John Lee. Gulf Keystone Petroleum (GKP) today announced its results for the full year ended 31 December 2024. Shares were trading up more than two percent at lunchtime. Jon Harris (pictured), Gulf Keystone's Chief Executive Officer, said: "2024 was a year of strong operational and financial delivery for Gulf Keystone. We have sustained our positive momentum into 2025, with year to date gross average production of c.46,400 bopd, strong local sales demand and a disciplined expenditure programme supporting continued free cash flow generation. As a result, we are pleased to announce today the declaration of a $25 million interim dividend as we reiterate our 2025 operational and financial guidance. We remain focused on facilitating a solution to restart oil exports as we continue to seek fair and transparent agreements regarding payment surety, the repayment of receivables and the preservation of current contract economics." Highlights to 31 December 2024 and post reporting period Operational Zero Lost Time or Recordable incidents in 2024, well below the relevant Kurdistan and international peer benchmarks, with safety track record extended to over 790 LTI-free days as at 18 March 2025 2024 gross average production of 40,689 bopd, an 86% increase versus the prior year (2023: 21,891 bopd) Reflects a full year of local sales in 2024 following the impact of the suspension of pipeline exports in March 2023 Despite temporary disruptions to truck availability during regional holidays and elections and the impact of the planned PF-1 shutdown in November 2024, strong local market demand from Q2 2024 onwards enabled the return to production at full capacity in several months Average realised price for 2024 sales of $26.8/bbl, with prices stabilising in a range of c.$27-$28/bbl in H2 2024 2025 year to date (to 18 March 2025) gross average production of c.46,400 bopd: Continued strong local market demand, with realised prices averaging between $27-$29/bbl Shaikan Field estimated reserves The Company estimates gross 2P reserves of 443 MMstb as at 31 December 2024, reflecting the Company's year end 2023 internal estimate of 458 MMstb reduced by gross production of 15 MMstb in 2024 Financial Strong financial performance, with a full year of robust local sales combined with capital and cost discipline underpinning a return to free cash flow generation and the restart of shareholder distributions Adjusted EBITDA increased 52% to $76.1 million in 2024 (2023: $50.1 million) as higher production more than offset the decline in realised prices related to the transition from exports to discounted local sales Revenue increased 22% to $151.2 million (2023: $123.5m) as the increase in 2024 volumes more than offset the 34% decline in average realised price to $26.8/bbl (2023: $40.9/bbl) Gross operating costs per barrel decreased 21% to $4.4/bbl (2023: $5.6/bbl), primarily reflecting higher production and a continued focus on efficient operations Net capital expenditure of $18.3 million (2023: $58.2 million), reflecting the Company's disciplined work programme comprised of safety critical upgrades at PF-1 and production optimisation expenditures 2024 monthly average net capital expenditure, operating costs and other G&A of $6.8 million, below the Company's guidance of c.$7 million Free cash flow generation of $65.4 million, relative to a $13.1 million outflow in 2023, funding the restart of shareholder distributions and preservation of a robust, debt-free balance sheet: $45 million of shareholder distributions in 2024 consisting of $35 million of dividends and $10 million of share purchases completed under the buyback programme launched in May 2024 2024 year-end cash balance of $102 million (31 December 2023: $82 million) Cash balance as at 19 March 2025 of $115 million Outlook 2025 operational and financial guidance reiterated: Gross average production of 40,000 - 45,000 bopd: Subject to local market demand remaining at current strong levels Continues to reflect assumptions regarding the planned PF-2 shut-in, truck availability during regional holidays and field declines Should there be any significant unforeseen disruptions to demand or the restart of pipeline exports, the Company will update its production expectations as appropriate Net capital expenditure of $25-$30 million: c.$20 million: Safety and maintenance upgrades at PF-2, scheduled for Q4 2025 and expected to require the shut-in of the facility for c.3 weeks, similar to PF-1 in 2024 $5-$10 million: Production optimisation programme consisting of low cost, quick payback well interventions Continue to explore range of additional plant initiatives to enhance production, including water handling, with planned reviews later in 2025 based on the Company's liquidity position and operating environment Operating costs of $50-$55 million and other G&A expenses below $10 million $25 million interim dividend announced today, the first semi-annual dividend to be paid under the shareholder distributions framework announced on 8 October 2024 The dividend will be paid on 23 April 2025, based on a record date of 4 April 2025 and ex-dividend date of 3 April 2025 USD and GBP rate per share to be announced ahead of the payment date based on the Company's latest total issued share capital The recent share buyback programme of up to $10 million, expiring 20 March 2025, has not been renewed in light of the interim dividend declaration and the strength of the Company's share price Share buybacks will continue to be considered opportunistically by the Board The Company continues to proactively engage with government stakeholders regarding a solution to enable the restart of Kurdistan crude exports through the Iraq-Türkiye Pipeline: Several recent meetings held with the Kurdistan Regional Government and Federal Government of Iraq The Company remains ready to resume oil exports provided we have agreements on payment surety for future oil exports, the repayment of outstanding receivables and the preservation of current contract economics (Source: GKP)
