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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%)
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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.

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6 Dec 2022 11:22

ADVFN shares drop after swing to annual loss and continued challenges

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IN BRIEF: ADVFN appoints major investor Amit Tauman as chief executive

ADVFN PLC - London-based operator of financial information websites for private investors - Amit Tauman, an executive director, becomes chief executive, effective immediately. Jon Mullins, who had been acting chief executive, reverts to the role of chief financial & technology officer. The changes follow the departure of ADVFN co-founders Clem Chambers and Michael Hodges, who had been CEO and chair, respectively, earlier this year.

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ADVFN Chair Michael Hodges steps down after 22 years with the company

(Alliance News) - ADVFN PLC on Monday said Chair & Co-Founder Michael Hodges will step down with immediate effect, after 22 years with the company.

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6 Jun 2022 12:21

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

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6 Jun 2022 10:45

ADVFN shares tumble as firm suspends payouts after tough second half

(Alliance News) - ADVFN PLC shares plunged on Monday, as the company said its second half outturn was hit by a soft market, and high expenses from "costly" corporate activity in the period.

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UK shareholder meetings calendar - next 7 days

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Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
9 Mar 2022 14:05

Board reviewing latest info in battle for control of ADVFN

(Sharecast News) - An apparent battle for control of ADVFN advanced on Wednesday, as the company said it was reviewing information on a number of proposed directors submitted by its former director Yair Tauman.

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24 Feb 2022 13:56

IN BRIEF: ADVFN co-founder Chambers steps down as CEO under pressure

ADVFN PLC - London-based operator of financial information websites for private investors - Chief Executive Officer Clem Chambers agrees to step down "in the best interests of the company", after major shareholder Yair Tauman demanded his removal. Chambers will resign as CEO and as a company director, with effect from next Monday. Chief Financial Officer & Chief Technology Officer Jonathan Mullins will replace Chambers as CEO.

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24 Feb 2022 11:36

AIM WINNERS & LOSERS: Victorian Plumbing shares go down the drain

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23 Feb 2022 14:30

IN BRIEF: ADVFN in talks for collaboration and strategic investment

ADVFN PLC - London-based operator of financial information websites for private investors - Receives indicative proposal from an "overseas investor operating in a similar business segment" for a minority investment and business collaboration. The unnamed strategic investor would subscribe for new ADVFN shares for a 9.9% interest, and ADVFN would use the cash raised to fund the collaborative business development projects with the investor. The approach follows ADVFN's decision earlier this month to end the formal sales process it had launched back in January, saying it preferred to build value instead through partnerships and joint ventures.

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21 Feb 2022 14:35

IN BRIEF: ADVFN interim profit falls amid investments in offering

ADVFN PLC - London-based operator of financial information websites for private investors - Posts a pretax profit of GBP202,000 in the six months ended December 31, down 23% from GBP264,000 a year before. This is on revenue which is stable at GBP4.2 million. "We have been a little more aggressive in investing for the future in this half with the addition to our offerings of new features and data, with a special focus on Crypto," company says.

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IN BRIEF: ADVFN ends sales process but still faces call for board vote

IN BRIEF: ADVFN ends sales process but still faces call for board vote

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