Tag Archives | Numis Securities

Genel Pauses Bina Bawi Plans; Numis Upgrades

By John Lee. Genel Energy has announced that it “will only proceed with significant investment in Bina Bawi once an agreement is reached on a commercial framework that provides a clear route to monetisation.” In a statement, the company said: “As previously announced, the deadline to meet the conditions precedent relating to the Bina Bawi […]

Genel Energy Shares Fall on Weaker Outlook

By John Lee. Shares in Genel Energy fell 11 percent to 91.5p on Thursday after the company cut its revenue projection for the year. Meanwhile, Numis Securities maintained a ‘buy’ recommendation for the shares, with a target of 210p. Murat Özgül (pictured), Chief Executive of Genel, said: “The receipt of nine consecutive monthly payments from […]