Edison Investment Research

Aberdeen Private Equity Fund (APEF): Update on realisation of portfolio and liquidation

US Tax Cuts and Jobs Act means 5% of sale proceeds is expected to be withheld for the Internal Revenue Service; while most of this amount is expected to be refunded in due course the process will lengthen the liquidation period.

Oakley Capital Inv. (OCI): Sale of PARSHIP ELITE Group and Verivox

Stock up 0.5% at 08:03

Oakley agrees sale of PARSHIP ELITE Group and Verivox to ProSiebenSat.1’s Commerce unit NuCom Group at a profit for a total of £51.1m, lifting NAV per share by 5 pence.

Columbus Energy Resources (CERP): Business Update - La Lora concession in Spain

Stock down 4.3% at 08:03

Columbus decides to reduce operational costs at La Lora via reduced headcount until a new concession is awarded.

Osirium Technologies (OSI): Contract win with a Global Online Retailer

Stock up 2.4% at 08:02

An unnamed retailer has appointed Osirium to deliver its full PxM product offering of Privileged Account Management, Privileged Task Management, Privileged Session Management modules and associated consultancy services, supporting over 1,000 servers.

Barents Sea: greater success in 2018?

One of the most high profile wells to be drilled in 2017 was Statoil’s Korpfjell exploration well in the Barents Sea. The well found only a small non-commercial volume of gas, and contributed to a year of disappointing results for the region. In 2018 there are no similar multi-billion barrel potential prospects scheduled to be drilled, however we do see a sustained commitment to the Barents, with seven exploration wells confirmed and options for a further five wells announced to date. Statoil and Lundin remain as key explorers in the region, but AkerBP will also make a major contribution to the number of wells drilled, as it plans to operate or partner in six wells in the Barents, out of its total Norwegian exploration programme of 12 wells in 2018.

Powerhouse Energy Grp (PHE): Memorandum of understanding with Wrightbus

Stock down 5.9% at 08:11

Non-binding memorandum is a step towards a definitive agreement to supply fuel for hydrogen powered buses in UK and international cities.

Trifast PLC (TRI): Q3 trading update.

Trifast on track to meet expectations. Order pipeline is very encouraging and expansion plans are delivering ongoing benefits.

Primary Health Props (PHP): Results for the year ended 31 December 2017.

Stock up 1.5% at 08:11

Strong performance delivering earnings, net asset value and dividend growth. The portfolio has long lease length and is 99.7% occupied.

Oxford Biomedica PLC (OXB): Bioverativ collaboration and licence agreement

Stock up 9.3% at 08:11

Collaboration and licence agreement generates $5m in upfront payments with potential revenues in excess of $100m.

Avon Rubber PLC (AVON): UK MoD general service respirator agreement

Stock up 2.6% at 08:11

5-year MoD agreement expected to generate total revenues of £16m and require £3m of CAPEX.