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Pin to quick picksSynergia Energy Share News (SYN)

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Share Price: 0.115
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Vertu chief exec takes a big stake

Wed, 11th May 2011 17:23

Chief executive Robert Forrester has lifted his holding in Vertu Motors close to the 3% mark, spending nearly £140,000 on shares in the company.He took 462,000 shares at 30p a time and now has 6,324,812. His purchase came on the same day Vertu posted a rise in profits for the year to 28 February and said that trading has been in line with expectations.Pre-tax profits climbed to £5.3m from £4.6m the previous year, on revenues that were up to £998.9m from £818.9m. A final dividend of 0.3p a share is to be paid, resulting in a full-year pay-out of 0.5p.Vertu, whose dealerships mostly operate under the Bristol Street and Maclin brands, said the trend towards more fuel-efficient cars had accelerated in line with recent high oil prices."Current trading in March and April has been stronger than anticipated," the company said. "Whilst the new vehicle supply constraints arising from the natural disaster in Japan in March pose a short term uncertainty, in the medium term new vehicle sales are set to rise and start to climb back to pre-recession levels."Forrester is a former managing director at the car dealer Reg Vardy.Elsewhere in director deals, the chairman of set-top box supplier Pace splashed out £20,000 on shares in the group after a collapse in the stock price yesterday. Michael McTighe took 20,000 shares at 96.035p a time and now has 80,000.Shares in Pace were down as much as 40% after it warned on profits for the full year, with the Japanese tsunami among the factors hurting the company.Top Director BuysVertu Motors (VTU) Director name: Mr Robert ForresterAmount purchased: 462,000 @ 30.00p Value: £138,600Paragon Diamonds (PRG) Director name: Mr Francesco (Frank) ScolaroAmount purchased: 250,000 @ 34.50p Value: £86,250Syntopix Group (SYN) Director name: Mr Tom BannatyneAmount purchased: 140,000 @ 48.00p Value: £67,200Eredene Capital (ERE) Director name: Mr Struan RobertsonAmount purchased: 112,000 @ 17.50p Value: £19,600Pace (PIC) Director name: Mr Michael McTigheAmount purchased: 20,000 @ 96.03p Value: £19,206Bunzl (BNZL) Director name: Mr Peter JohnsonAmount purchased: 1,408 @ 751.94p Value: £10,587Top Director SellsAbcam (ABC) Director name: Mr Jeffrey IliffeAmount sold: 200,000 @ 393.00p Value: £786,000Discovery Metals Ltd. (CDI) (DME) Director name: Mr John Thomas ShawAmount sold: 500,000 @ 83.54p Value: £417,700---RG
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9 Mar 2023 13:34

Synergia to use jet-pump for its next Cambay well

(Sharecast News) - Synergia Energy announced on Thursday that it will be implementing a jet-pump solution for its Cambay C-77H well.

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9 Mar 2023 11:59

TRADING UPDATES: NWF beats market view; AFC hydrogen offering progress

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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27 Feb 2023 16:12

Synergia reports progress on Cambay field development

(Sharecast News) - Synergia Energy updated the market on the Cambay field on Monday, reporting that its chief executive officer Roland Wessel had recently visited several companies in Delhi and Ahmedabad concerning the field's farm-out process.

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27 Feb 2023 13:22

Synergia meets several Indian firms over Cambay farm out plans

(Alliance News) - Synergia Energy Ltd on Monday said its Chief Executive Officer Roland Wessel met several firms in Delhi and Ahmedabad, India as part of its plans to farm out the Cambay field.

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22 Feb 2023 12:12

IN BRIEF: Synergia agrees convertible loan deal, GBP650,000 facility

Synergia Energy Ltd - Perth, Australia-based developer of natural gas assets in India, Indonesia and the UK, formerly called Oilex Ltd - Enters into a convertible loan agreement with "certain, sophisticated and/or professional" shareholders, in which it will secure a new financing facility of GBP650,000.

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22 Feb 2023 12:04

Synergia agrees convertible loan facility with shareholders

(Sharecast News) - Synergia Energy has entered into a convertible loan agreement with existing and new shareholders, it announced on Wednesday, to secure a new facility of £0.65m.

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22 Feb 2023 10:49

AIM WINNERS & LOSERS: Star Phoenix jumps on AIM readmission

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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1 Feb 2023 12:17

Synergia Energy seeks solution as gas concentrate slows production

(Alliance News) - Synergia Energy Ltd on Wednesday said its Cambay C-77H well in India has been on continuous plateau gas production since the re-installation of the production tubing in September, but is facing inhibited production due to condensate in the wellbore.

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1 Dec 2022 21:42

TRADING UPDATES: Renalytix hails trial results; Kingswood buys JFP

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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29 Nov 2022 17:58

IN BRIEF: Synergia requests Australian Securities Exchange delisting

Synergia Energy Ltd - Perth-based developer of natural gas assets in India, Indonesia and the UK, formerly called Oilex Ltd - Says it has communicated with shareholders in relation to the removal of the company from the official list of the Australian Securities Exchange, with relation to how they can sell their securities after the delisting.

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21 Nov 2022 21:39

TRADING UPDATES: VSA Capital backs outlook; Zephyr starts drilling

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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21 Nov 2022 12:27

Synergia reports positive progress at Cambay India

(Sharecast News) - Synergia Energy updated the market on its Cambay India operations on Monday, reporting that the C-77H well was still producing on a consistent plateau.

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18 Nov 2022 11:22

Synergia Energy applies to delist from Australian Securities Exchange

(Alliance News) - Synergia Energy Ltd on Friday said it has requested to delist from the Australian Securities Exchange, remaining listed solely on London's AIM market.

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17 Nov 2022 21:53

TRADING UPDATES: Wynnstay buys Tamar; abrdn Japan assets fall

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Wilmington PLCAGM
Woolworths Holdings LtdAGM
  
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