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Pin to quick picksBatm Advanced Share News (BVC)

Share Price Information for Batm Advanced (BVC)

London Stock Exchange
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Share Price: 19.00
Bid: 17.75
Ask: 18.95
Change: -0.05 (-0.26%)
Spread: 1.20 (6.761%)
Open: 18.30
High: 19.00
Low: 18.00
Prev. Close: 19.05
BVC Live PriceLast checked at -

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SMALL-CAP WINNERS & LOSERS: Metro Bank shares jump on finance deal

Mon, 09th Oct 2023 09:19

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

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SMALL-CAP - WINNERS

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Metro Bank Holdings PLC, up 25% at 56.49 pence, 12-month range 34.00-157.80p. The bank announces a new deal with investors to shore up its finances. The deal includes a GBP325 million capital raise and GBP600 million in debt refinancing. Spaldy Investments Ltd, Metro Bank's largest shareholder, is contributing GBP102 million and will become the controlling shareholder of Metro Bank upon completion of the transaction – with roughly a 53% shareholding. It comes after the bank's shares tumbled last week on reports it was in talks with investors to raise around GBP250 million in equity funding and GBP350 million in debt. Daniel Frumkin, chief executive officer at Metro Bank, comments: "Today's announcement marks a new chapter for Metro Bank, facilitating the delivery of continued profitable growth over the coming years."

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Chill Brands Group PLC, up 17% at 5.90 pence, 12-month range 1.80-14.00p. The consumer packaged goods distribution company announces the sale of its Chill Zero nicotine-free vapour products into WH Smith PLC's stores. The company will now see its Chill Zero products enter an initial 150 of WH Smith's 1,700 stores. "This significant milestone marks the beginning of an exciting journey for the company and is a clear sign of things to come. We are committed to further expanding our presence in the market, developing more strategic partnerships, and continuing to deliver innovative products to consumers seeking quality alternatives to tobacco and nicotine," comments Chief Executive Callum Sommerton. Chill Brands says it has secured initial orders from UK retailers worth around GBP350,000 since the local launch of Chill Zero during August. The company says this includes sales made to more than 200 independent stores.

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SMALL-CAP - LOSERS

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BATM Advanced Communications Ltd, down 5.4% at 24.51 pence, 12-month range 20.00-33.30p. The provider of real-time technologies for networking solutions and medical laboratory systems confirms it does not expect the recent developments in Israel to have a material impact on trading. On Sunday, Prime Minister Benjamin Netanyahu warned Israel to prepare for a "long and difficult" conflict a day after Palestinian militant group Hamas launched a surprise assault from Gaza. More than 700 Israelis have been killed since Hamas launched its large-scale attack, according to the Israel Defense Forces on Monday.

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AEW UK REIT PLC, down 2.6% at 96.97 pence, 12-month range 88.10-108.60p. The real estate investment trust completes the sale of its freehold high-street retail holding in Portsmouth, England for GBP3.9 million. AEW UK REIT says this reflects a net initial yield of 9.9% and a capital value of GBP251 per square feet. Adds that the sale price reflects a 22% premium to the June 30 valuation of GBP3.2 million. "We are pleased to have sold this holding for a healthy premium to valuation, having completed the asset management strategy, and therefore maximised value. Going forward, the asset presents a potential risk to the company's shareholders, which further justifies a sale at this point in time," says Laura Elkin, portfolio manager of AEW UK REIT.

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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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8 Oct 2019 15:55

Director dealings: BATM chairman purchases shares

(Sharecast News) - BATM Advanced Communications revealed on Tuesday that chairman Gideon Chitayat had purchased 159,000 ordinary shares in the networking solutions technology provider.

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8 Oct 2019 13:02

DIRECTOR DEALINGS: BATM Advanced Communications Chair, CEO Buy Shares

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BATM Expands Cyber Security Offering And Receives Follow-On Contract

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23 Aug 2019 12:04

BATM Advanced Communications confirms Tel-Aviv listing details

(Sharecast News) - Real-time networking solutions and medical laboratory systems company BATM Advanced Communications confirmed details of its listing on the Tel-Aviv Stock Exchange on Friday.

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23 Aug 2019 11:54

CORRECT: BATM Advanced Communications Joins TASE Indices In Israel

(Correcting that BATM will only become a constituent of several indices on the Tel-Aviv Stock Exchange).(Alliance News) - Real time technologies provider BATM Advanced Communications Ltd it

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23 Aug 2019 10:41

BATM Advanced Communications Joins Tel-Aviv Stock Exchange

(Alliance News) - Real time technologies provider BATM Advanced Communications Ltd said Friday that it will be listed on the Tel-Aviv Stock Exchange in Israel after trading closes on September a -

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19 Aug 2019 10:46

WINNERS & LOSERS SUMMARY: IXICO Rises On Positive Outlook

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - WINNERS----------J up 3.8%. The is

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19 Aug 2019 09:51

Revenue slips as earnings grow at BATM Advanced Communications

(Sharecast News) - Real-time networking and medical laboratory systems provider BATM Advanced Communications reported a fall in group revenue to $56.2m (£46.38m) in its first half on Monday, from $58.2m a year earlier.

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19 Aug 2019 08:39

BATM Advanced Communications Swings To Interim Profit But Revenue Down

(Alliance News) - BATM Advanced Communications Ltd on Monday said it swung to pretax profit in the first half of 2019, but revenue slipped on weakness in the Networking & Cyber unit.The

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12 Aug 2019 16:51

UK Earnings, Trading Statements Calendar - Next 7 Days

Tuesday 13 August TUIQ3 ResultsCard FactoryTrading Statement John

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31 Jul 2019 18:18

BATM Advanced Expects 2019 Profit Ahead Of Forecasts After Disposal

(Alliance News) - Networking and medical technology company BATM Advanced Communications Ltd said on Wednesday that its 2019 pretax profit will be ahead of expectations following the sale of its a

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22 Jul 2019 13:16

BATM Subsidiary Launches New "Ultra-High" Capacity Networking Platform

(Alliance News) - BATM Advanced Communications Ltd on Monday said its subsidiary Telco Systems launched T-Metro 8104, its new "ultra-high" capacity service aggregation and cloud gateway

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8 Jul 2019 14:28

BATM Seeks Stock Listing On Tel-Aviv Stock Exchange

(Alliance News) - BATM Advanced Communications Ltd has applied for listing its ordinary shares on the Tel Aviv Stock Exchange, the networking and medical technology company said Monday.BATM

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25 Jun 2019 15:09

BATM Advanced Comms Raises USD18 Million From Placing To Fund Growth

(Alliance News) - BATM Advanced Communications Ltd said Tuesday it raised USD18 million - or GBP14.1 million - through a discounted share placing at 42.5 pence each.Shares in BATM were 2.9%

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