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Pin to quick picksBowleven Share News (BLVN)

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AIM WINNERS & LOSERS: Bowleven says fundraising efforts continue

Fri, 21st Jul 2023 10:40

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

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AIM - WINNERS

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Filtronic PLC, up 8.5% at 16.82 pence, 12-month range 10.5p-18p. The designer and manufacturer of products and sub-systems wins a GBP3.2 million contract to develop space payload communication systems for the European Space Agency. Under the contract, Filtronic will develop advanced mmWave products for broadband connectivity from low earth orbit satellites to receiving ground stations. Programme will begin immediately and final hardware is expected to be delivered by March 2025.

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Renalytix PLC, up 8.3% at 130p, 12-month range 44p-155p. The London-based kidney health-focused diagnostics company announces a distribution deal with Dubai-based Vector Pharma FZCO for its kidneyintelX.dkd testing in the Middle East. The prognostic test, used to identify type two diabetes and chronic kidney disease in adults, will be made commercially available in Saudi Arabia, Bahrain, Qatar, Oman, Kuwait, and United Arab Emirates.

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AIM - LOSERS

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Bowleven PLC, down 8.7% at 1.60p, 12-month range 0.76p-5p. The Cameroon-focused oil and gas, exploration and production company notes recent movement in its share price and is not aware of "any particular reason" for the sudden increase. Shares in Bowleven are up 43% over the past five days. Says it has been considering fundraising options, and expects to seek additional equity capital in the year to assist with its ongoing corporate activities; which it noted in its March 30 statement. "Planning for an equity fundraising has continued since then but is not yet at an advanced stage and there can be no certainty that a fundraising will be concluded, nor as to the structure or terms of any such fundraising," Bowleven says.

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Thruvision Group PLC, down 8.2% at 28p, 12-month range 20p-32.28p. The people-screening technology company shares annual results for a "breakthrough year". In the 12 months to March 31, revenue rises 49% to GBP12.4 million from GBP8.4 million annually, while pretax loss narrows to GBP1.0 million from GBP1.9 million. "We have now taken a significant step forward towards meeting our key strategic objectives of becoming the leading provider of walk-through security technology to the international market and delivering sustainable profitability as a group," says CEO Colin Evans.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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22 May 2018 14:32

Bowleven Reports Drilling Programme Start At Etinde Field In Cameroon

LONDON (Alliance News) - Bowleven PLC on Tuesday said the operator of the Etinde block, New Age Cameroon Offshore Petroleum SA, spud the IM-6 appraisal well in Cameroon on Monday.New Age a

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22 May 2018 10:43

SOCO International Appoints Former Standard Chartered Banker To Board

LONDON (Alliance News) - SOCO International PLC, an oil and gas exploration and production company, said on Tuesday that it will appoint John Martin as independent non-executive director following

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11 May 2018 12:09

BowLeven Brings Topaz-Driller Rig On Etinde Asset Campaign In Cameroon

LONDON (Alliance News) - BowLeven PLC said Friday it brought the Topaz-Driller rig to the two well appraisal drilling campaigns on its Etinde asset in Cameroon.The Africa-focused oil and a

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3 May 2018 16:21

Bank Of America Cuts Bowleven Stake To Below Threshold (ALLISS)

LONDON (Alliance News) - Bowleven PLC said Thursday Bank of America Corp lowered its holding in the oil and gas company company to below the notifiable threshold.Prior to the transaction of

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3 May 2018 10:36

Bowleven Moves Non-Exec Director To Interim Non-Exec Chairman

LONDON (Alliance News) - Bowleven PLC said on Thursday it has appointed Non-Executive Director, Matt McDonald as interim non-executive chairman effective immediately.The company has delayed

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1 May 2018 16:57

HSBC Bank Lifts Stake In Bowleven Above Disclosure Threshold (ALLISS)

LONDON (Alliance News) - Bowleven PLC said Tuesday HSBC Bank PLC has increased its holding in the oil & gas company to 7.1%.HSBC Bank's stake prior to the transaction was not only

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29 Mar 2018 16:07

African Oil Explorer Bowleven Swings To First-Half Pretax Loss

LONDON (Alliance News) - African oil and gas explorer Bowleven PLC on Thursday said it swung to an interim pretax loss due to the absence of a large gain from exchange rate a

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8 Feb 2017 14:15

Bowleven tells shareholders to vote against 'defective' COC takeover

(ShareCast News) - Bowleven updated the market on Wednesday, saying that following the requisition of a general meeting on 24 January, Monaco-based private investment vehicle Crown Ocean Capital had continued to purchase Bowleven stock. The AIM-traded firm said in view of that, and ahead of the more

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8 Feb 2017 08:00

BowLeven Says Shareholder Ocean Capital Has "No Credible Strategy"

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3 Feb 2017 15:06

BowLeven applies for listing of options shares

(ShareCast News) - BowLeven announced on Friday that application had been made for 120,000 new ordinary shares of 10p each in the company to be admitted to trading on AIM. The firm said it expected that admission of the ordinary shares would become effective on 7 February. "These ordinary shares ar

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7 Dec 2016 16:09

UK Shareholder Meetings Calendar - Next 7 Days

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8 Nov 2016 14:23

Bowleven widens losses as it continues hunt for income

(ShareCast News) - Africa focused oil and gas exploration group Bowleven posted its preliminary results for the year to 30 June on Tuesday, in another year of nil revenue, though operating expenses were lower at $9.1m compared with $11.87m a year earlier. The AIM-traded company reported an operating

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21 Jun 2016 14:46

Barclays names Ophir Energy 'top-pick', upgrades Premier Oil

(ShareCast News) - Analysts at Barclays re-jigged their recommendations on European Exploration and Production companies in order to take into account the recent rise in crude oil prices and improved investor sentiment regarding companies´ ability to execute to plan operationally. In the process

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22 Apr 2016 07:41

Bowleven Gets One-Year Extension On Bomono Exploration Licence

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6 Apr 2016 18:18

Wednesday newspaper share tips: AA, Bowleven

(ShareCast News) - AA is a steady business at the core, but its previous private equity owners left it under a pile of debt - so it remains a high-risk option - The Daily Telegraph's Questor said. The roadside recovery group can rely into a steady stream of annuity-like revenue streams from motorist

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