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Three Quick Facts: 888, 88 Energy, Clean Power Hydrogen


Three things you need to know in the financial markets today from investment writer, Tony Cross.

#1. 888 revenues just ahead of guidance

There’s a short Q1 trading update out from 888 Holdings LON:888 this morning, with revenues stated as being just ahead of the previously offered guidance, supported by strong player volumes. Full year revenue growth is expected to be consistent with mid-term guidance of 5%-9%.

#2. Another update on Hickory-1 from 88 Energy

88 Energy [LON:88E] has provided another update on its Hickory-1 flow test results, highlighting more positive production news and noting that next steps include finding a high quality farm-out partner to fund the next stage of development. With investors evidently underwhelmed by the last update, will this garner a better response?

#3. Clean Power Hydrogen full year numbers show company as well capitalised

Clean Power Hydrogen LON:CPH2 has published full year results, with the company remaining loss making but sufficiently well capitalised to give it a meaningful runway, with a net asset position of £21m including £8m in cash. The company notes good operational and technical progress during the year and flags that advance discussions are ongoing with several partners for both new licenses and orders.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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