Reabold Resources PLC
RBD
ISIN GB00B95L0551 / Valor 20177327
Reabold Resources PLC
UMushroom community rating:
About company
Reabold Resources PLC is an investment company with a focus on the energy sector, particularly in the development, appraisal, and exploration of gas assets. The company holds a diverse portfolio, with significant interests in key projects such as the West Newton gas field in the UK and the Colle Santo gas field in Italy. Reabold owns a 26.1% equity stake in LNEnergy, which has an exclusive option over a 90% interest in the Colle Santo field. Additionally, Reabold has a 50.8% equity interest in Danube Petroleum Limited, which holds the Parta Exploration licence and the Iecea Mare Production licence. Through these strategic investments, Reabold aims to enhance its asset base and capitalize on opportunities within the gas sector.
Summarized from source with an LLMView SourceSector: Business ServicesLatest Results (13.06.2024):
Revenue and Loss
For the six months ended 30 June 2023, Reabold Resources PLC reported no revenue compared to £560,000 in the same period in 2022. The company experienced a significant net loss of £3,650,000 during this period, which increased from a loss of £2,716,000 in the first half of 2022.
Comprehensive Loss
Reabold Resources PLC's total comprehensive loss for the six months ended 30 June 2023 was £3,650,000, which slightly worsened from a comprehensive loss of £2,725,000 in the corresponding period last year. This reflects the ongoing challenges in the operational environment.
Balance Sheet Highlights
As of 30 June 2023, Reabold Resources PLC's total assets stood at £44,871,000, a slight decrease from £46,460,000 as of 31 December 2022. The equity also saw a decrease, amounting to £32,067,000 compared to £44,871,000 at the end of 2022.
Cash Flow Concerns
During the first half of 2023, Reabold Resources PLC used £2,891,000 in operating activities, compared to generating £3,554,000 in the same period the previous year. This shift from cash generation to cash use highlights increased operational pressures and investment in exploration and evaluation activities.
Equity Movements
Reabold Resources PLC's equity movements included a net decrease during the six months ended 30 June 2023, primarily due to the comprehensive loss for the period and a reduction in share premium account, partially offset by the issue of ordinary share capital and other adjustments.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
16 M
Market cap (USD)
417,931
Daily traded volume (Shares)
0.00046 / 0.00046
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
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