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Pin to quick picksADVFN Share News (AFN)

Share Price Information for ADVFN (AFN)

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Share Price: 10.50
Bid: 10.00
Ask: 11.00
Change: 0.00 (0.00%)
Spread: 1.00 (10.00%)
Open: 10.50
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AIM WINNERS & LOSERS: Ormonde Falls Amid Issues With Congo Transaction

Thu, 18th Feb 2021 11:26

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

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AIM - WINNERS

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Scirocco Energy, up 28% at 1.22 pence, 12-month range 0.3p-2.69p. The investing company notes positive update provided by Helium One announcing the commencement of its infill seismic campaign with mobilisation of survey and line-clearing crews to its Rukwa helium project in Tanzania. Helium One shares up 0.3%.

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ADVFN, up 12% at 36.90p, 12-month range 10p-43p. The investing website operator posts a swing to profit for the first half of its current financial year, crediting the improvement to change in its strategy as a result of the pandemic, as well as to market volatility. For the six months ended December 31, ADVFN posts pretax profit of GBP261,000, swinging from a loss of GBP399,000 a year prior. This was as revenue rose 11% to GBP4.2 million from GBP3.8 million, and administrative expenses fell 7.5% to GBP3.7 million from GBP4.0 million.

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Griffin Mining, up 9.0% at 158p, 12-month range 30p-160p. The miner reports new global mineral resource estimate for its Caijiaying zinc-gold mine in China. Says the new global mineral resources are from the four main deposit zones. Total contained metal is 4.0 million tonnes of zinc, 600,000 tonnes of lead, 88.8 million ounces of silver, and 1.6 million ounces of gold. This is an increase of about 50% from the previous mineral resource, which incorporated zones II and III only. The recent resource increase has now triggered a development programme to be commenced to enable increased production to 1.5 million tonnes per annum, Griffin delivering an 80% production increase in the next two years.

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1Spatial, up 5.1% at 31.00p, 12-month range 13p-33p. Cambridge-based location data software provider says it secured a contract to deliver a digital system map of the UK's energy system to support a pathway to net zero.

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AIM - LOSERS

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Ormonde Mining, down 22% at 1.86p, 12-month range 0.42p-3.48p. The Irish natural resource company says the resolutions due to be considered at Thursday's reconvened annual general meeting have been withdrawn and the meeting dissolved. Notes it has come to the decision to dissolve the AGM as a result of being unable to obtain the support of its largest shareholder for resolutions 6 and 7. Resolution 6 would have allowed the company to issue shares to third parties as consideration for a transaction. Says approval of resolution 6 was necessary to facilitate the timely completion of the proposed acquisition of a number of copper and polymetallic licenses in the Republic of the Congo, under terms which have been under discussion for several months and are largely agreed.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
21 Mar 2024 14:27

IN BRIEF: ADVFN interim loss narrows on lower costs; eyes improvement

ADVFN PLC - London-based operator of financial information websites for private investors - Pretax loss narrows 14% to GBP532,000 in the six months to December 31, from GBP622,000 a year prior. Revenue declines 25% to GBP2.3 million from GBP3.1 million. "The decrease in revenues was primarily attributable to continued adverse market conditions and the discontinuance of company units which no longer supported our business goals," Chief Executive Officer Amit Tauman says. Total administrative costs decrease 20% to GBP2.8 million from GBP3.5 million. Cost of sales decrease 44% to GBP109,000 from GBP196,000. Cash balance as at December 31 surged to GBP4.8 million from GBP647,000 a year prior. Looking ahead, CEO Tauman says the company is focused on continuing the current "improved trend".

Read more
21 Dec 2023 15:43

UK shareholder meetings calendar - next 7 days

Friday 22 December 
Corcel PLCAGM
European Metals Holdings LtdAGM
Tlou Energy LtdGM re approval to issue convertible loan to ILC Investments Pty Ltd
Wildcat Petroleum PLCAGM
Monday 25 December 
no events scheduled 
Tuesday 26 December 
no events scheduled 
Wednesday 27 December 
Tremor International LtdAGM
Thursday 28 December 
ADVFN PLCAGM
Altona Rare Earths PLCAGM
Beximco Pharmaceuticals LtdAGM
Global Petroleum LtdAGM
Visum Technologies PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

Read more
21 Dec 2023 11:14

ADVFN confident of future growth despite seeing annual loss widen

(Alliance News) - ADVFN PLC on Thursday maintained an optimistic outlook for the year ahead, despite seeing revenue decline and loss widen over the financial year.

Read more
16 Nov 2023 19:55

TRADING UPDATES: AMTE Power in subscription deal, launches placing

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

Read more
15 Aug 2023 19:46

ADVFN winding down ALL IPO as unprofitable and seeing minimal activity

(Alliance News) - ADVFN PLC on Tuesday said it was winding down the operations of ALL IPO, the online trading platform it bought in July 2009.

Read more
2 Jun 2023 14:02

IN BRIEF: ADVFN expands to Korea; integrates Brazilian operation

ADVFN PLC - London-based operator of financial information websites for private investors - Expands to Korea, establishes first presence there. Concludes deal with its joint venture partners in Brazil, integrating Brazilian operation into ADVFN, including the absorption of costs and revenues. Says it has agreed to terms of a call option to acquire partner's 50% interest in Brazilian joint venture in due course. Says that current market conditions remain challenging, with revenue at low levels and low advertising sales reflecting soft market for financial media.

Read more
2 Jun 2023 13:34

Advfn pleased with progress on untangling legacy issues

(Sharecast News) - Advfn updated the market on its recent progress and trading performance on Friday, reporting that it had successfully overcome legacy constraints and complexities through significant investments in technology and infrastructure.

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15 May 2023 21:10

TRADING UPDATES: Online Blockchain keeping ADVFN at "arms length"

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

Read more
6 Mar 2023 11:43

IN BRIEF: ADVFN swings to interim loss as revenue falls 28%

ADVFN PLC - London-based operator of financial information websites for private investors - Reports revenue of GBP3.1 million for the six months that ended December 31, down 28% from GBP4.3 million a year before. Swings to pretax loss of GBP622,000 from profit of GBP202,000, as gross profit falls to GBP2.9 million from GBP4.1 million a year before. Basic loss per share is 2.36 pence, compared to an earnings per share of 0.77p a year earlier. ADVFN says results are in line with guidance provided at the time of its GBP4.5 million open offer of shares back in January.

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6 Feb 2023 14:01

IN BRIEF: ADVFN Finance & Technical Director Jon Mullins steps down

ADVFN PLC - London-based operator of financial information websites for private investors - Says Finance & Technical Director Jon Mullins plans to step down immediately. Adds that it is in process of identifying a successor. In order to facilitate an orderly handover of responsibilities, Mullins will continue to provide financial consultancy services to the company on an interim basis. In the meantime, Chief Executive Amit Tauman will assume board responsibility for finance.

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10 Jan 2023 16:13

IN BRIEF: UK FCA approves ADVFN chief executive's increasing stake

ADVFN PLC - London-based operator of financial information websites for private investors - Says Financial Conduct Authority has approved Chief Executive Amit Tauman, and his father Yair Tauman, a holding of up to 29.9%.

Read more
6 Jan 2023 17:22

IN BRIEF: ADVFN secures GBP4.5 million through fundraise

ADVFN PLC - London-based operator of financial information websites for private investors - Raises GBP4.5 million through the issue of 13.7 million new open offer shares and 4.6 million warrants at an issue price of 33 pence per share.

Read more
6 Jan 2023 10:53

ADVFN raises nearly GBP6 million in open offer to develop new products

(Alliance News) - ADVFN PLC on Friday said it closed its open offer, issuing 17.3 million shares, to raise funds for the development of new products and tools.

Read more
23 Dec 2022 11:24

AIM WINNERS & LOSERS: MS International surges on new contract win

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

Read more
22 Dec 2022 15:44

UK shareholder meetings calendar - next 7 days

Friday 23 December 
Plexus Holdings PLCAGM
Wildcat Petroleum PLCAGM
Monday 26 December 
no events scheduled 
Tuesday 27 December 
Zambeef Products PLCAGM
Wednesday 28 December 
Evrima PLCAGM
Greencare Capital PLCGM re proposed name change
Lift Global Ventures PLCGM re proposed expansion within the energy sector
Thursday 29 December 
Amte Power PLCAGM
ADVFN PLCAGM
Genedrive PLCAGM
Hotel Chocolat Group PLCAGM
Lekoil LtdEGM re proposed settlement and name change
Online Blockchain PLCAGM
PetroNeft Resources PLCAGM
SkinBioTherapeutics PLCAGM
  
Copyright 2022 Alliance News Ltd. All Rights Reserved.

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