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Pin to quick picksMercia Asset Share News (MERC)

Share Price Information for Mercia Asset (MERC)

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Share Price: 31.50
Bid: 31.00
Ask: 32.00
Change: 0.10 (0.32%)
Spread: 1.00 (3.226%)
Open: 31.50
High: 31.50
Low: 31.50
Prev. Close: 31.40
MERC Live PriceLast checked at -

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Mercia Technologies profits soar as revenues strengthen and expenses narrow

Mon, 03rd Dec 2018 10:11

(Sharecast News) - Mercia Technologies saw interim profits soar as a result of increased performance fees and narrowed expenses.The AIM-listed investment firm witnessed a 35.7% year-on-year increase in net profits to £1.9m, thanks in part to a 8.7% jump in revenues to £5.3m and a 22% cut in expenses to £0.7m.Net assets improved 1.29% to £125.5m, or 41.3p on a per share basis, while earnings per share took off 33.3% to 0.64p.Looking forward, Mercia, which has invested a further £2m into W2 Global Data Solutions since the period end, noted that that UK was "consistently among the top four countries in the world for entrepreneurs to set up in business" and that it was confident that its regional investment model would set it apart from its more London-focussed rivals.Chief executive Mark Payton said: "The commercial progress being made across the portfolio is accelerating. With Mercia's increasing scale, we are now seeing a greater number of attractive investment opportunities for our managed funds, which bodes well for the future direct investment pipeline as we seek to build a sustainable investment model.""We, therefore, remain confident in our ability to deliver strong returns for shareholders and fund investors alike over the medium term."As of 1010 GMT, Mercia shares had slipped 1.69% to 29p.
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16 Nov 2016 08:16

Mercia Tech increases investment in virtual reality game devloper

(ShareCast News) - Investment company Mercia Technologies has increased its investment by £1m in nDreams, a virtual reality game developer, as part a funding round with other investors. The AIM-listed company's investment was part of a £2m funding round, the first of a two-stage round, alongside a s

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10 Nov 2016 10:52

Mercia Technolgies swings to H1 pretax profit

(ShareCast News) - Investment group Mercia Technologies has swung to a first-half pre-tax profit thanks to a marked improvement in revenue and fair-value gains on investments. "Thus far, over £30m of the IPO proceeds have been invested to strengthen our direct investment portfolio," said chief execu

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10 Nov 2016 10:29

Mercia Bets Technology Holdings Will Benefit From Political Priorities

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27 Oct 2016 14:23

Mercia Technologies puts another £1m into Oxford Genetics

(ShareCast News) - Innovative technology business investor Mercia Technologies announced a follow-on investment of £1m into Oxford Genetics, a synthetic biology company with significant expertise in DNA design, on Thursday. The AIM-traded firm said the investment follows the recent expansion of Oxfo

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11 Oct 2016 08:27

Mercia Reports Progress In Digital & Digital Entertainment Portfolio

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27 Sep 2016 08:23

Mercia Technologies Invests GBP650,000 In Patch Developer Medherant

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21 Jul 2016 14:39

Mercia portfolio company launches first VR game

(ShareCast News) - Investment company Mercia Technologies announced on Thursday that one of its portfolio companies, nDreams, has successfully launched its first major virtual reality game, The Assembly. The AIM-traded firm said the game is currently available for Oculus Rift and HTC Vive, with a Pl

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21 Jul 2016 09:34

Mercia's nDreams Launches First Major Virtual Reality Game

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7 Jul 2016 08:48

Frontier Resources To Move Into Healthcare With Concepta Acquisition (ALLISS)

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30 Jun 2016 11:57

Mercia Technologies Makes Loss As Operations Ramped Up

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30 Jun 2016 10:54

Mercia Technologies' cautious about Brexit as revenues fall

(ShareCast News) - Mercia Technologies reported a full year loss as it expanded its investment portfolio and was cautious about the uncertainty Brexit has bought to the technology investment industry. The technology investment firm's revenue rose to £1.8m for the financial year ending 21 March 2016

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20 Jun 2016 07:32

Mercia Technologies Strikes Four New University Partnerships

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26 May 2016 08:22

Mercia Technologies Chairman Steps Down And Deputy Searle Steps Up

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20 May 2016 16:30

Mercia investment in nDreams paying off

(ShareCast News) - Mercia Technologies announced on Friday that its portfolio company nDreams has been appointed by Google as one of the first developers alongside EA Games and Ubisoft to make apps and experiences for mobile virtual reality platform Daydream. The AIM-traded firm, which says it focus

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20 May 2016 07:35

Mercia's nDreams Wins Virtual Reality Developer Deal With Google

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