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Last 24.00 GBp
Change Today -0.50 / -2.04%
Volume 320.2K
IGAS On Other Exchanges
Symbol
Exchange
London
OTC US
Frankfurt
As of 11:35 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

igas energy plc (IGAS) Snapshot

Open
24.25 GBp
Previous Close
24.50 GBp
Day High
24.50 GBp
Day Low
23.75 GBp
52 Week High
08/4/14 - 115.00 GBp
52 Week Low
01/26/15 - 18.50 GBp
Market Cap
71.1M
Average Volume 10 Days
448.7K
EPS TTM
0.01 GBp
Shares Outstanding
296.4M
EX-Date
--
P/E TM
19.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for IGAS ENERGY PLC (IGAS)

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igas energy plc (IGAS) Details

IGas Energy plc engages in exploring for, appraising, developing, and producing oil and gas in Great Britain. The company develops and produces oil and gas resources and reserves at onshore locations in the north west of England, the East Midlands, the Weald Basin in southern England, and the northern coastal area of the Inner Moray Firth in Scotland. As of 31 March, 2015, its proven and probable reserves were 12.63 millions of barrels of oil equivalent (mmboe) and contingent resources were 12.32 mmboe. The company was founded in 2003 and is based in London, the United Kingdom.

209 Employees
Last Reported Date: 07/8/15
Founded in 2003

igas energy plc (IGAS) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: 280.0K GBP
Chief Operating Officer and Executive Directo...
Total Annual Compensation: 280.0K GBP
Compensation as of Fiscal Year 2015.

igas energy plc (IGAS) Key Developments

IGas Energy Plc Announces Change of Accounting Year End

IGas Energy Plc announced that current accounting year end is the 31 March; however, the Issuer's major partners file their accounts on a 31 December basis. Aligning the company's reporting date will remove the inefficiency of preparing two sets of budgets. The company will test covenants for the 12-month periods ending September 30, 2015 and March 31, 2016 under the current reporting. The company will then move to covenant testing under the new accounting periods for the 12-month period ending June 30, 2016, and thereafter the Issuer will have aligned testing dates with the new June and December reporting schedule. The group intends to publish unaudited financial information for the six months to September 30, 2015 and audited financial information for the nine months to December 31, 2015. The first full-year audited accounts under the new reporting will cover the twelve month period ending December 31, 2016.

IGas Energy plc Reports Final Unaudited Consolidated Earnings Results for the Year Ended March 31, 2015

IGas Energy plc reported final unaudited consolidated earnings results for the year ended March 31, 2015. For the year, the company reported revenue of GBP 58.2 million compared to GBP 75.9 million a year ago. Operating loss was GBP 5.197 million against GBP 14.922 million a year ago. Loss on ordinary activities before tax was GBP 18.5 million compared to profit on ordinary activities before tax of GBP 2.3 million a year ago. Profit from continuing operations attributable to equity shareholders of the group was GBP 5.245 million or 2.12 pence basic and diluted per share compared to loss of GBP 7.931 million or 4.10 pence basic and diluted per share a year ago. Adjusted basic and adjusted diluted earnings per share were 4.60 pence compared to 2.88 pence a year ago. Net cash from operating activities was GBP 26.469 million compared to GBP 25.150 million a year ago. Acquisition of property, plant and equipment was GBP 5.775 compared to GBP 4.499 a year ago. EBITDA was GBP 21.6 million compared to GBP 34.2 million a year ago. Underlying operating profit was GBP 8.6 million compared to GBP 20.3 million a year ago. Net debt as at March 31, 2015 was GBP 86.4 million compared to GBP 80.4 million a year ago.

IGas Energy plc Announces Management Changes

Andrew Austin, Chief Executive Officer and co-founder of IGas Energy plc, has decided to step down from the Board and hand over to his colleague and Chief Financial Officer Stephen Bowler. The Board announced the appointment of Stephen Bowler as Chief Executive Officer. Andrew will work with Stephen and John Blaymires, Chief Operating Officer, to ensure a smooth transition.

 

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Industry Analysis

IGAS

Industry Average

Valuation IGAS Industry Range
Price/Earnings 12.4x
Price/Sales -- Not Meaningful
Price/Book 0.4x
Price/Cash Flow 2.1x
TEV/Sales 1.3x
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