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Victoria Oil & Gas Turns A Loss As Gas Sales Surge

Victoria Oil & Gas VOG claims that its preliminary results for the year to 31st December show excellent progress, led by an outstanding 24% rise in gas sales from $21.4m to $ to 32.8m. The year was particularly successful at the operating level with EBITDA at $13.1m compared to the previous years $8.5m. whilst the net loss of $31.1m. compared to a $1.6m profit in the previous year, which covered only the 7 months to 31st May 2015.  The loss does not apparently merit an adjective to describe it and is blamed mainly on write downs and provisions for a land claim at Logbaba

Informa plc INF remains on track for a fourth consecutive year of growth in revenue, earnings and cashflow. Most divisions are experiencing good growth and trading and continued improvements have been achieved in performance and delivery for the first four months of the year.

The Restaurant Group RTN Like for like sales for the 20 weeks to the 21st May fell by 1.8% and total sales by 1.5% which is at least better than 2016’s decline of over 3%. The current year is described as a transitional year and it certainly needs to be with last year having produced a sizeable loss after 2015’s profit of £86.8m. The outlook for the remainder of the year does not look too promising with growth in passenger numbers and cinema admissions expected to moderate.

Intertek Group ITRK is on track to meet its 2017 targets with refenue for the first four months of the year up by 14.2% at actual rates or 1.8% at constant rates. Organic growth of 0.9% is described as solid and exciting growth opportunities which the company is uniquely positioned to seize, have been identified.

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Daily Actions – UK Main & AIM market 01032016

IntellisysLogoDaily Actions is a daily summary analysis of changes in short term actions from our Daily Recs – AIM and Daily Recs Main markets reports. This report is typically distributed before the open of trading in London.

AIM Market

ST Rec. changed
From To
Basic Resources    
Alexander Mining Buy Neutral
Jubilee Platinum Neutral Buy
Mariana Resources Neutral Buy
Solgold Buy Neutral
Sunrise Resources Buy Neutral
Zincox Resources Neutral Buy
Financial Services    
FastForward Innovations Neutral Buy
Dragon-Ukrainian Properties & Development Neutral Buy
Fletcher King Buy Neutral
Impax Asset Management Group Buy Neutral
Polar Capital Holdings Buy Neutral
Food & Beverage    
PureCircle Neutral Buy
Industrial Good & Services    
Grafenia Buy Neutral
Tangent Communications Neutral Sell
Oil & Gas – Explorers    
Chariot Oil & Gas Neutral Buy
Solo Oil Neutral Buy
Oil & Gas – Producers    
Frontera Resources Neutral Buy
Victoria Oil & Gas Neutral Buy
Retail    
Stanley Gibbons Group Neutral Buy
Technology    
1Spatial Neutral Buy
Pennant International Group Buy Neutral

Main Market

ST Rec. changed
From To
House Construction    
Persimmon Sell Neutral
Engineering & Machinery    
Vitec Group Buy Neutral
Food Producers & Processors    
Associated British Foods Neutral Sell
Media & Entertainment    
Photo-Me International Sell Neutral
Personal Care & Household Products    
PZ Cussons Buy Neutral
Speciality & Other Finance    
London Stock Exchange Group Sell Neutral
Support Services    
John Menzies Sell Neutral
Transport    
Easyjet Buy Neutral

 

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