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Pin to quick picksAferian Share News (AFRN)

Share Price Information for Aferian (AFRN)

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Share Price: 7.375
Bid: 7.25
Ask: 7.50
Change: 0.00 (0.00%)
Spread: 0.25 (3.448%)
Open: 7.375
High: 7.375
Low: 7.375
Prev. Close: 7.375
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AIM WINNERS & LOSERS: N4 Pharma shares jump on grant of US patent

Tue, 25th Jul 2023 10:04

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

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AIM - WINNERS

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N4 Pharma PLC, up 29% at 1.93 pence, 12-month range 1.40-3.80p. Company's further patent application relating to Nuvec is granted in US. The granted patent is for the composition of matter of the nanoparticle itself and will sit alongside the first US patent grant, announced in January, which concerned how the nanoparticle is made using a broad description of the manufacturing process used by the company. N4 is a specialist pharmaceutical company. Nuvec is a delivery system for cancer treatments and vaccines. The company also announces that Chair John Chiplin is retiring. Non-Executive Director Chris Britten will take over the role of chair from August 1.

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Aferian PLC, up 26% at 12.63 pence, 12-month range 9.00-138.00p. The business-to-business video streaming solutions company completes a placing announced on Monday. A total of 26.0 million shares were placed at 12 pence per share, raising USD4.0 million. The placing price represented a 20% discount to the firm's closing price on Monday. Notes some directors and a member of the senior management team agreed to subscribe for 2.0 million shares at the same placing price.

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AIM - LOSERS

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WANdisco PLC, down 96% at 50.15 pence, 12-month range 49.00-1,429.20p. The company returns to trading following its five-month suspension. WANdisco shares had been suspended from trading in London since March, after uncovering signs of possible "fraudulent irregularities" on its books, days after announcing it was exploring a potential US listing. In July, WANdisco reported its 2022 results, prompting the suspension on its shares to be lifted. The data activation platform also confirms it has completed its USD30 million equity fundraise, announced earlier in July.

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Brighton Pier Group PLC, down 26% at 41.96 pence, 12-month range 35.00-89.90p. The entertainment business that owns and trades the Brighton Palace Pier says that the second quarter of its financial year has "proved more difficult". Explains sales remain behind the year prior, reflecting a "widespread decline" in disposable incomes and consumer confidence in the UK. Total sales for the six months ending June 25 are expected to be around GBP16.2 million. Adds that ongoing inflationary pressures, in particular in relation to food, beverage and staff costs, have negatively hit its operating margin. This, combined with lower sales, leads the firm to expect earnings after tax below market expectations for the half-year. Brighton Pier notes that July and August is its busiest period but says trading in July has been negatively impacted by poor weather, train strikes and a fire at a hotel opposite the entrance of the pier.

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By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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5 Dec 2023 15:17

Aferian updates full-year expectations amid sales cycle challenges

(Sharecast News) - Video streaming technology company Aferian said in a trading update on Tuesday that it expected to report total revenue between $47m and $48m for the financial year just ended.

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5 Dec 2023 14:31

EARNINGS AND TRADING: Porvair buys EFC, Iomart interim profit falls

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12 Sep 2023 16:42

Aferian firms selected to power Thurcom video services in Switzerland

(Alliance News) - Aferian PLC on Tuesday said that its subsidiaries 24i and Amino have been selected by Technische Betriebe Wil to power the video services of the latter's subsidiary, Thurcom.

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31 Aug 2023 17:43

IN BRIEF: Aferian loss widens as revenue slumps; no dividend paid

Aferian PLC - Cambridge, England-based business-to-business company providing video streaming solutions - Reports revenue in the six months ended May 31 of USD23.3 million, down 48% from USD44.5 million the year prior reflecting a 71% drop in devices revenue to USD9.4 million from USD32.5 million. Explains performance was in line with the trading update announced on June 28. Pretax loss widens to USD8.6 million from USD811,000 the year before. No dividend is declared after a 1 pence payout last year. Donald McGarva, chief executive officer says: "This has been a very busy and challenging half for Aferian. The restructuring of our cost base in 24i and Amino is generating significant annualised cost savings and providing a stronger platform on which to build and grow. Demand in our 24i division has remained strong as we continue our strategic focus on growing software and services revenue in the fast-growing video streaming market." Adds "With 90% of revenue contracted for the full year and a well-developed pipeline of well qualified prospects, we remain confident in the full year outcome."

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23 Aug 2023 10:23

Aferian, Amagi provides Virgin Media ad-funded streaming TV channels

(Alliance News) - Aferian PLC on Wednesday said telecommunications, media and internet firm Virgin Media Ltd has used Aferian's 24i solution to launch a monetise a new lineup of free ad-supported streaming TV channels on Virgin TV.

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17 Aug 2023 15:48

Director dealings: Aferian exec invests, ICG board member sells shares

(Sharecast News) - Aferian was among those on the list of director buys on Thursday, after the B2B video streaming solutions company disclosed a purchase of 100,000 shares.

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26 Jul 2023 14:25

CORRECT: Aferian jumps on USD4.0 million share placing at premium

(Correcting that Aferian's placing price was a 20 premium, not a discount.)

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26 Jul 2023 10:35

Director dealings: Origin Enterprises, Aferian execs invest in shares

(Sharecast News) - Origin Enterprises was among those disclosing a director purchase on Wednesday, after its chief executive officer picked up 20,000 shares.

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25 Jul 2023 10:14

Aferian raises USD4 million in share placing to avoid loan drawdown

(Alliance News) - Aferian PLC on Tuesday said it completed a placing of USD4.0 million worth of shares, equal to 30% of outstanding shares before the issue.

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24 Jul 2023 17:21

Aferian to raise USD4.0 million through new share placing

(Alliance News) - Aferian PLC on Monday said it intends to raise USD4.0 million via a placing of shares representing 30% of its issued share capital.

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