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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
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Ask: 11.00
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TRADING UPDATES: Online Blockchain keeping ADVFN at "arms length"

Mon, 15th May 2023 21:10

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

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Online Blockchain PLC - London-based blockchain research and development company - Sells part of stake in ADVFN PLC for GBP256,340 in series of transactions. Since late-March, Online Blockchain has sold 1.1 million shares in the London-based operator of financial information websites for private investors. Those shares were sold for 24.3 pence each. It now holds 3.5 million ADVFN shares, a 7.7% stake. "The company no longer has significant influence over ADVFN and therefore its interest in ADVFN is treated as an arm's length investment," Online Blockchain says.

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Global Ports Holding PLC - cruise port operator - Says revenue for year ended March rises 66% to USD213.4 million from USD128.4 million. Passenger numbers soar to 9.2 million from 2.4 million. In final quarter alone, passenger numbers amount to 2.4 million, jumping from 900,000 a year earlier. Quarterly revenue surges to USD39.5 million from USD21.2 million. Adjusted earnings before interest, tax, depreciation and amortisation rise sharply annually to USD13.5 million in the final quarter, from USD2.6 million, helping the figure for the full-year skyrocket to USD72.7 million from USD7.0 million. "The scheduled launch of new cruise ships in the year ahead means the number of available berths across the global cruise fleet will reach all-time highs in 2024, and when combined with industry occupancy rates reaching pre-Covid-19 levels, the industry will be propelled to exciting new highs. Industry booking patterns have been rebuilt to market norms over the last 12 months, and all major cruise lines have reported record booking trends for 2023," company adds.

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Cizzle Biotechnology Holdings PLC - London-based diagnostics developer - Notes completion of tie-up between Conduit Pharmaceuticals and blank-cheque company Murphy expected to occur in 2023. Murphy makes a US regulatory filing, Cizzle says. Cizzle is in process of selling 5% economic interest in the commercialisation of the AZD1656 asset to Conduit. The asset treats inflammatory pulmonary and cardiovascular disease.

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Advanced Oncotherapy PLC - London-based particle therapy for cancer treatment - Receives GBP125,000 amount due under the secured convertible loan agreements entered into with investors and directors. Says now GBP6.3 million has been received from investors under the secured convertible loan note. Also says repayment date of GBP10 million loan facility with Credit Suisse AG extended to September 4. "The extension of the repayment date of the loan will allow the company to focus its financial resources on the strategic review process," company says.

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Pembridge Resources PLC - mining company with investments in British Columbia, Canada - Shares in Minto Metals Corp have been suspended from trading in Toronto. Canadian watchdog Investment Industry Regulatory Organization of Canada halts trading of shares due to "impending news".

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Vast Resources PLC - London-based mining company with projects in Romania and Zimbabwe - Says rounding up documentation for an extension to loan repayments due to Mercuria Energy Trading SA and A&T Investments Sarl. Total debt owed to is GBP7.7 million and repayment is due on Wednesday. Vast is eyeing an extension to the end of June to allow time to finalise settlement of the historic claims in Zimbabwe. "The company can confirm that Andrew Prelea, the company's chief executive officer, is currently in Zimbabwe as the company finalises the recovery of the historic parcel of 129,400 rough diamonds held in safe custody at the Reserve Bank of Zimbabwe pursuant to the High Court order in the company's favour," Vast adds.

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Conroy Gold & Natural Resources PLC - gold exploration and development company focused on Ireland and Finland - Hails "high grade gold" finds during trenching work at Northern Ireland asset Mines Royal. Also says drilling programme has commenced to follow up results. "It is highly encouraging to confirm the bedrock source of the high grade gold mineralisation and to identify gold in quartz breccia over thirty five metres away in the same target area. This trenching programme has further highlighted the potential of this area, with further gold zones identified in quartz veins and fault gouge together with the high grade quartz breccia initially discovered," Chair Richard Conroy says.

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By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. 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.

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.

Read more
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.

Read more
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.

Read more

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