Thugmuffin
3 years ago
$AMEN Amen Properties Reports Results for Fourth Quarter of 2021 and Announces DividendPress Release | 03/21/2022
Amen Properties, Inc. (Pink Sheets: AMEN) today announced financial results for its fiscal year ended December 31, 2021. The Company posted revenue of $3.1 million and net income of $1.8 million. These results compare to revenue of $1.1 million and a net loss of $683 thousand for 2020. The Company’s improvement in revenue and profitability resulted primarily from increased demand and prices for oil.
Amen also announced that the Company’s Board of Directors has approved the payment of a quarterly dividend of $7.50 per share. Additionally, the Board approved payment of a special dividend of $3.30 per share to satisfy the Company’s tithing obligation for 2021. Both dividends will be paid to shareholders of record on March 31 with a payment date of April 7.
Finally, Amen reiterated that its Board has approved a plan whereby the Company will no longer hedge the revenue stream associated with its oil and gas royalties. “Shareholders of Amen need to understand that they hold an un-hedged long oil and gas position and should pursue their own hedging strategy if they are uncomfortable with that risk,” said Kris Oliver, Amen’s Chief Financial Officer.
The Company’s 2021 annual report is available for viewing or download from the company’s web site – www.amenproperties.com.
About Amen Properties:
Amen Properties owns a portfolio of cash-producing properties including real estate and oil and gas interests.
Cautionary Statement:
This document contains forward-looking statements, which involve a number of risks and uncertainties that could cause our actual results to differ materially from those reflected in the forward-looking statements. Forward-looking statements can be identified by use of the words "expect," "project," "may," "might," potential," and similar terms. AMEN Properties, Inc. ("Amen", "we" or the "Company") cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Amen's control. These factors include, but are not limited to, our ability to implement our strategic initiatives, economic, political and market conditions and price fluctuations, government and industry regulation, U.S. and global competition and other factors. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
AskMuncher
3 years ago
$AMEN NEO Exchange Expands Reach Into Media & Entertainment Industry With Public Listing of Amcomri Entertainment
Press Release | 01/13/2022
The NEO Exchange is proud to announce the public listing of Amcomri Entertainment, Inc. (“Amcomri”), a global producer and distributor of movie, documentary, and television productions. With its production business based in Toronto, and the main distribution businesses based in the UK, Amcomri begins trading today under the symbol AMEN.
"We’re delighted to be listing Amcomri as the first media and entertainment company on the NEO Exchange,” remarked Robert Price, CEO of Amcomri, and former Managing Director and SVP of 20th Century Fox Home Media in the UK and Nordics. “We’re excited about the opportunities our listing will bring as we set our sights on becoming a leading global video entertainment brand in film, TV, and documentary content. Amcomri is the natural home for independent producers. We are building our own production capability from our successful Toronto base while acquiring and managing extensive content libraries from independent production houses in the major markets. Combined with our international distribution network which now reaches almost all of the global video platforms, we’re perfectly positioned to benefit from the rapid growth in video content consumption around the world.”
With an existing content library of over 2,000 films, Amcomri specializes in bringing content to the best distribution channels, globally, along with its own funding and production capabilities. Investors can trade shares of AMEN through their usual investment channels, including discount brokerage platforms and full-service dealers.
“Our third listing in as many days! To say that NEO is in growth mode is an understatement,” commented Jos Schmitt, President and CEO of NEO. “Our corporate listings business is in overdrive, as more and more quality companies recognize the benefits and added value of NEO, a Tier 1 stock exchange fueling the innovation economy. We are excited to welcome Amcomri as our newest publicly listed company, and are eager to provide enhanced liquidity, greater investor awareness, and exceptional support throughout their capital markets journey.”
The NEO Exchange is home to almost 200 unique listings, including some of the most innovative Canadian and international growth companies, and ETFs from Canada’s largest ETF issuers. NEO facilitates close to 15% of all Canadian trading volume. Click here for a complete view of all NEO-listed securities.
About the NEO Exchange
The NEO Exchange is Canada’s Tier 1 stock exchange for the innovation economy, bringing together investors and capital raisers within a fair, liquid, efficient, and service-oriented environment. Fully operational since June 2015, NEO puts investors first and provides access to trading across all Canadian-listed securities on a level playing field. NEO lists companies and investment products seeking an internationally recognized stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.
Connect with NEO: Website | LinkedIn | Twitter | Instagram | Facebook
About Amcomri Entertainment Inc.
As well as producing its own content from its Canadian base, Amcomri provides a global distribution capability for movie, documentary, and TV series producers. Exploiting a network of worldwide distribution channels from the UK distribution headquarters, Amcomri’s companies deliver a premium, transparent, and trustworthy route to market. With decades of experience across all media markets, the Amcomri team is swiftly becoming the go-to team for independent producers seeking the widest possible audience for their productions. Arranging strong pre-sale partners in major markets, the teams can provide the assurance that lenders need in order to provide production finance. The Amcomri production team, based in Toronto, produced five feature films during 2021, all of which are distributed through the company’s own global network.
Amcomri Entertainment Inc. includes; 101 Films, 101 Films International, Hollywood Classics International, Amcomri Productions, Appreciated Media Global, and the TV and documentary distribution business, Abacus Media Rights.
AskMuncher
4 years ago
$AMEN Amen Properties Reports Results for Second Quarter of 2020 and Announces Dividend
Press Release | 09/11/2020
Amen Properties, Inc. (Pink Sheets: AMEN) today announced financial results for its fiscal quarter ended June 30, 2020. The Company posted quarterly revenue of $20 thousand and a net loss of $(108) thousand. These results compare to revenue of $642 thousand and net income of $58 thousand for the same quarter last year. The Company’s decline in revenue and profitability for the quarter was driven by decreases in oil and gas production and commodity prices.
Amen announced that the Company’s Board of Directors has approved the payment of a quarterly dividend of $10 per share, to be paid on September 30, 2020 to shareholders of record as of the close of business on September 23, 2020.
Finally, Amen reiterated that its Board has approved a plan whereby the Company will no longer hedge the revenue stream associated with its oil and gas royalties. “Shareholders of Amen need to understand that they hold an un-hedged long oil and gas position and should pursue their own hedging strategy if they are uncomfortable with that risk,” said Kris Oliver, Amen’s Chief Financial Officer.
The Company’s 2020 second quarter report is available for viewing or download from the company’s web site – www.amenproperties.com.
About Amen Properties:
Amen Properties owns a portfolio of properties including real estate and oil and gas interests.
Cautionary Statement:
This document contains forward-looking statements, which involve a number of risks and uncertainties that could cause our actual results to differ materially from those reflected in the forward-looking statements. Forward-looking statements can be identified by use of the words "expect," "project," "may," "might," potential," and similar terms. AMEN Properties, Inc. ("Amen", "we" or the "Company") cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Amen's control. These factors include, but are not limited to, our ability to implement our strategic initiatives, economic, political and market conditions and price fluctuations, government and industry regulation, U.S. and global competition and other factors. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200911005087/en/
AskMuncher
4 years ago
$AMEN Amen Properties Clarifies Tax Treatment of Dividends
Press Release | 07/27/2020
Amen Properties, Inc. (Pink Sheets: AMEN) today released the following information in response to inquiries from shareholders. The table below shows the tax treatment of the company’s dividend payments since 2011:
Year
Ordinary Dividend
Non-Dividend Distributions
2011
100%
--
2012
35%
65%
2013
74%
26%
2014
100%
--
2015
32%
68%
2016
100%
--
2017
100%
--
2018
100%
--
2019
10%
90%
This information is also available on the company’s web site at www.amenproperties.com.
About Amen Properties:
Amen Properties owns a portfolio of properties including real estate and oil and gas interests.
Cautionary Statement:
This document contains forward-looking statements, which involve a number of risks and uncertainties that could cause our actual results to differ materially from those reflected in the forward-looking statements. Forward-looking statements can be identified by use of the words "expect," "project," "may," "might," potential," and similar terms. AMEN Properties, Inc. ("Amen", "we" or the "Company") cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Amen's control. These factors include, but are not limited to, our ability to implement our strategic initiatives, economic, political and market conditions and price fluctuations, government and industry regulation, U.S. and global competition and other factors. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise
AskMuncher
4 years ago
$AMEN Amen Properties Reports Results for First Quarter of 2020 and Announces Dividend
Press Release | 06/12/2020
Amen Properties, Inc. (Pink Sheets: AMEN) today announced financial results for its fiscal quarter ended March 31, 2020. The Company posted quarterly revenue of $407 thousand and a net loss of $(1.5) million. These results compare to revenue of $860 thousand and net income of $687 thousand for the same quarter last year. The Company’s decline in revenue and profitability for the quarter was driven by decreases in oil and gas production and commodity prices as well as losses recognized in connection with the sale of marketable securities.
Amen announced that the Company’s Board of Directors has approved the payment of a quarterly dividend of $10 per share, to be paid on June 30, 2020 to shareholders of record as of the close of business on June 23, 2020.
Finally, Amen reiterated that its Board has approved a plan whereby the Company will no longer hedge the revenue stream associated with its oil and gas royalties. “Shareholders of Amen need to understand that they hold an un-hedged long oil and gas position and should pursue their own hedging strategy if they are uncomfortable with that risk,” said Kris Oliver, Amen’s Chief Financial Officer.
The Company’s 2020 first quarter report is available for viewing or download from the company’s web site – www.amenproperties.com.
About Amen Properties:
Amen Properties owns a portfolio of properties including real estate and oil and gas interests.
Cautionary Statement:
This document contains forward-looking statements, which involve a number of risks and uncertainties that could cause our actual results to differ materially from those reflected in the forward-looking statements. Forward-looking statements can be identified by use of the words "expect," "project," "may," "might," potential," and similar terms. AMEN Properties, Inc. ("Amen", "we" or the "Company") cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Amen's control. These factors include, but are not limited to, our ability to implement our strategic initiatives, economic, political and market conditions and price fluctuations, government and industry regulation, U.S. and global competition and other factors. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
View source version on businesswire.com: https://www.businesswi
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
Ask ADVFN Intelligence (AI)
Lime Time
1 year ago
BigCat
10 years ago
NathanH
10 years ago
MasterBidder
13 years ago
Hot Features
Premium
