Stocks In The limelight: UJO, WRES & SQZ

  • Dec 19, 2019 GMT
  • Team Kalkine
Stocks In The limelight: UJO, WRES & SQZ
Union Jack Oil Plc

Union Jack Oil Plc (LON: UJO) is a UK onshore hydrocarbon sector company which focuses on drilling, development and investments opportunities. The company's strategy is to evaluate and develop the assets which are currently maintained by the company. The company believes in using its proficiency and cash resources to acquire further licence interests in the UK. It has interests in thirteen licences in the Humber Basin, East Yorkshire and East Midlands. The company is listed in the Alternative Investment Market of London Stock Exchange.

UJO - News Updates

On 18th December 2019, the company announced the update on the Extended Well Test. The test was being conducted at the West Newton A-2 well. This well is situated in East Yorkshire within the PEDL183 license area. The company said that Extended Well Test operations in the West Newton A-2 well were suspended in August 2019. Approval from the regulators for restarting EWT are being sought.

On 29th November 2019, the company announced that 3,333.3 million new shares were issued during the month ended 30th November 2019. The company further said that it didn’t hold any shares in treasury and that the total issued shares are 15,440.9 million of 1 pence each till 29 November 2019.

UJO - Financial Highlights

On 23rd September 2019, the company announced its interim financial report for the six months ended 30th June 2019 through a press release.

The company’s revenue stood to £76,409 in H1 FY2019 as compared to £73,044 in H1 FY2018, an incline of 4.6 per cent. The gross loss amounted to £44,633 in H1 FY2019 as compared to £17,522 in H1 FY2018, an increase of 154.7 per cent.

The company’s total administrative expenses stood at £441,976 in H1 FY2019 as compared to £402,469 in H1 FY2018. The operating loss increased to £486,609 in H1 FY2019 as compared to £419,991 in H1 FY2018.

The loss before taxation increased to £484,068 in H1 FY2019 as compared to £418,759 in H1 FY2018. The company’s basic & diluted loss per share remained stable at 0.01 pence in both H1 FY2019 and H1 FY2018.

(Sources: LSE)

UJO - Share Price Performance

On 19th December 2019, at 10:18 AM GMT, while writing, UJO share price was reported to be trading at GBX 0.16 per share on the LSE, flat compared to the previous day's closing price, which was reported to be at GBX 0.16 per share.

On 29th August 2019, the shares of UJO were GBX 0.38, which was highest and reached to GBX 0.076 on 20th March 2019, which was lowest in the last 52 weeks.

The company's market capitalisation was reportedly valued to be at GBP 24.32 million as per the share's current market price. The stock outstanding of the UJO share has been reported to be at 15.44 billion, and the free float has been said to be at 13.48 billion.

The beta of the UJO share was reported to be at 0.0767. It means that the company's share price movement is less volatile in its trend, as compared to the benchmark market index's movement.

 W Resources Plc

W Resources Plc (LON: WRES) is European tungsten, tin and gold mining company which focuses on becoming a world-class tungsten company with the project of “La Parrilla” in Spain which is the world’s largest tungsten mine and is funded by BlackRock. The company is working in five projects in Spain and Portugal which includes two other tungsten projects, i.e. Régua and Tarouca project and CAA/Portalegre gold/copper project in Spain & Monforte-Tinoca copper project in Portugal.

WRES - News Updates

On 18th December 2019, the company announced that BlackRock has agreed to expand the existing loan facility, which is provided to the company by US$5 million, with no warrants attached.

On 5th December 2019, the company confirmed that it secured a new €0.5 million revolving credit facility with Spanish Bank, CaixaBank, S.A.

 

WRES - Financial Highlights

On 30th September 2019, the company announced its interim financial report for the six months ended 30th June 2019 through a press release.

The company’s revenue increased to €293,000 in H1 FY2019 as compared to ”0” in H1 FY2018. The operating loss decreased to €561,000 in H1 FY2019 as compared to €723,000 in H1 FY2018.

The company’s Loss before Income Tax decreased to €1.05 million in H1 FY2019 as compared to €2.26 million in H1 FY2018. The loss for the period decreased to €1.05 million in H1 FY2019 as compared to €2.19 in H1 FY2018.

The company’s total basic & diluted loss per share decreased to 0.02 €cents in H1 FY2019 as compared to 0.04 €cents in H1 FY2018.

(Sources: LSE)

WRES - Share Price Performance

On 19th December 2019, at 10:27 AM GMT, while writing, WRES share price was reported to be trading at GBX 0.2984 per share on the LSE, a decrease of 2.16 per cent or GBX 0.007 per share, as compared to the previous day's closing price, which was reported to be at GBX 0.305 per share.

On 16th April 2019, the shares of WRES were GBX 0.58, which was highest and reached to GBX 0.26 on 17th December 2019, which was lowest in the last 52 weeks.

The company's market capitalisation was reportedly valued to be at GBP 19.45 million as per the share's current market price. The stock outstanding of the WRES share has been reported to be at 6.38 billion, and the free float has been said to be at 4.68 billion.

The beta of the WRES share was reported to be at -1.69. It means that the company's share price movement is inversely more volatile in its trend, as compared to the benchmark market index's movement.

 

Serica Energy Plc

Serica Energy Plc (LON: SQZ) is a UK-based autonomous and upstream oil and gas company with operations mainly concentrated on the UK North Sea where the company has the full set of development, exploration and production assets. The company is focussed on creating a group of properties where it can use its commercial, technical and operating expertise to existing assets as well as to discover and explore new reserves.

SQZ - News Updates

On 18th December 2019, the company announced that Serica Energy (UK) Limited which is its wholly owned subsidiary received an award of a 100% interest in the UK petroleum licence P2501 which is in the region nearby to the Serica operated Rhum field.

 

On 24th October 2019, the company announced about the receipt of revived License and secondary sanctions assurance from the US Office of Foreign Assets Control, in relation to the North Sea Rhum field.

SQZ - Financial Highlights

On 24th September 2019, the company announced its interim financial report for the six months ended 30th June 2019 through a press release.

The company’s revenue increased to £146.4 million in H1 FY2019 as compared to £3.3 million in H1 FY2018. The gross profit increased to £52.4 million in H1 FY2019 as compared to a loss of £1.9 million in H1 FY2018.

The company’s operating profit/(loss) increased to £52.5 million in H1 FY2019 as compared to a loss of £7.9 million in H1 FY2018. The profit/(loss) before taxation increased to £51.9 million in H1 FY2019 as compared to a loss of £7.9 million in H1 FY2018.

The company’s basic & diluted profit/loss per share increased to £0.11 in H1 FY2019 as compared to loss of £0.02 in H1 FY2018.

(Sources: LSE)

 SQZ - Share Price Performance

On 19th December 2019, at 10:16 AM GMT, while writing, SQZ share price was reported to be trading at GBX 132.35 per share on the LSE, an increase of 2.60 per cent or GBX 3.35 per share, as compared to the previous day's closing price, which was reported to be at GBX 129.0 per share.

On 18th April 2019, the shares of SQZ were GBX 146.60, which was highest and reached to GBX 96.0 on 04th April 2019, which was lowest in the last 52 weeks.

The company's market capitalisation was reportedly valued to be at GBP 344.26 million as per the share's current market price. The stock outstanding of the SQZ share has been reported to be at 266.87 million, and the free float has been said to be at 129.88 million.

The beta of the SQZ share was reported to be at -0.90. It means that the company's share price movement is inversely less volatile in its trend, as compared to the benchmark market index's movement.

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