Mercia Asset Share News (MERC)

Mercia Asset Information

Buy MERC Shares
Add MERC to Watchlist
Add MERC to Alert

Share Price Information for Mercia Asset (MERC)

Share Price is delayed by 15 minutes

Get Live Data

Share Price: 32.70

Bid: 32.00

Ask: 33.40

Change: -0.40 (-1.21%)

Spread: 1.40 (4.375%)

Open: 33.10

High: 33.20

Low: 32.70

Prev. Close: 33.10

Last checked at -

Mercia's nDreams wins multi-million contract with VR company

Thu, 16th Aug 2018 09:04

(Sharecast News) - National investment group Mercia Technologies announced on Thursday that investee company nDreams has won a multi-million dollar contract with an unnamed virtual reality technology company.The AIM-traded firm said the new contract for nDreams, which it described as a "leading" European developer and publisher focused on VR gaming and experience content, represented its most significant contract win to date.Mercia, which holds a 45.6% direct equity stake in nDreams, initially financed nDreams' pivot from developing content for PlayStation Home Virtual Worlds to successfully becoming a specialist in virtual reality content provision.Following early support from Mercia's managed funds, Mercia made its first direct investment into nDreams in December 2014.Since then, nDreams had been working with some of the leading global names in the VR industry including Sony PlayStation, Oculus, HTC, Google and Microsoft."This contract is not only highly significant for nDreams, as it reinforces the substantial potential value of this exciting VR business, but it is also a reflection of the wider inherent value held in the Mercia direct investment portfolio," said Mercia chief executive officer Dr Mark Payton."Today's announcement, which follows the recent Oxford Genetics announcement, is the second multi-million pound contract which Mercia's two largest direct investments by value have recently secured and taken together, demonstrate the tangible commercial progress which the portfolio is making."We expect to announce further positive news from our direct investment portfolio in due course."

More News

3 Dec 2018 13:11

Monday broker round-up

(Sharecast News) - Dunelm: Peel Hunt upgrades to buy with a target price of 750p.

3 Dec 2018 11:32

Mercia Technologies Outlook Confident As Profit Rises In First Half

LONDON (Alliance News) - Mercia Technologies PLC on Monday said profit grew in the first half of its current financial year on the increased value of its portfolio.The UK technology said to

3 Dec 2018 10:11

Mercia Technologies profits soar as revenues strengthen and expenses narrow

(Sharecast News) - Mercia Technologies saw interim profits soar as a result of increased performance fees and narrowed expenses.

16 Oct 2018 11:42

Mercia Technologies Invests GBP500,000 In Medical Firm Locate Bio

LONDON (Alliance News) - Mercia Technologies PLC said Tuesday it invested GBP500,000 in medical device company Locate Bio Ltd, taking its stake to 6%.Mercia explained that Locate Bio is a

16 Oct 2018 09:23

Mercia Technologies invests £0.5m into medical firm Locate Bio

(Sharecast News) - High-growth technology investor Mercia Technologies announced a new direct investment of £0.5m into Locate Bio on Tuesday.

21 Sep 2018 11:24

Mercia Technologies investee companies reach 'significant' milestones

(Sharecast News) - Technology business investment group Mercia Technologies told shareholders on Friday that, since its 31 March year-end, its direct investment portfolio had continued to make "good overall progress".

21 Sep 2018 10:42

Mercia Tech Chases New Investments As Current Investees Perform Well

LONDON (Alliance News) - The chairman of Mercia Technologies PLC said Friday the company was seeing an increasing number of investment opportunities, whilst its existing investments continue to by

12 Jun 2018 12:29

Mercia Technologies Appoints Caroline Plumb As Non-Executive Director

LONDON (Alliance News) - Mercia Technologies PLC said Tuesday it has appointed Caroline Plumb as non-executive director with immediate effect.Plumb is the co-founder and non-executive chair

27 Apr 2018 10:32

Xeros Technology Non-Executive Viggars To Resign Amid Promotion

LONDON (Alliance News) - Xeros Technology Group PLC, a garment cleaning technology developer, said Friday that Non-Executive Director Julian Viggars will resign from the company in May following -

26 Mar 2018 15:00

Mercia Technologies Fully Pays GBP2.0 Million Deferred Consideration

LONDON (Alliance News) - Mercia Technologies PLC said Monday it has fully paid the GBP2.0 million deferred consideration for its March 2016 takeover of Ventures

22 Mar 2018 14:14

Mercia Technologies Backs Investee Voxpopme With Further GBP1 Million (ALLISS)

LONDON (Alliance News) - Investment firm Mercia Technologies PLC said Thursday it has invested a further GBP1.0 million in investee company Voxpopme is a which

18 Jan 2017 12:14

Mercia invests in battery innovator Faradion

(ShareCast News) - Innovative technology investment group Mercia Technologies announced a new direct investment of up to £1.9m in Faradion, a company focused on the development and commercialisation of advanced, low-cost battery materials, on Wednesday. The AIM-traded company said the investment is

16 Dec 2016 17:28

UPDATE: Mercia, OT3 VCT To Gain From Sale Of Allinea To ARM

16 Dec 2016 10:15

Mercia Tech sells emerging star Allinea Software for £18m

(ShareCast News) - Investment firm Mercia Technologies has sold its emerging star software business, to ARM, a semiconductor intellectual property company, for £18.1m, which is 21 times the original investment. The company sold Allinea Software, which develops tools for developing and optimising hig

Latest Share Chat

Mercia Asset Share News (MERC)

Share Price Information for Mercia Asset (MERC)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Mercia's nDreams wins multi-million contract with VR company

Login to your account

Quickpicks are a member only feature

Login to your account