The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSmartspace Share News (SMRT)

Share Price Information for Smartspace (SMRT)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 90.00
Bid: 85.00
Ask: 95.00
Change: 0.00 (0.00%)
Spread: 10.00 (11.765%)
Open: 90.00
High: 90.00
Low: 90.00
Prev. Close: 90.00
SMRT Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

AIM WINNERS & LOSERS: SmartSpace surges on GBP25 million takeover

Tue, 12th Dec 2023 10:18

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

----------

AIM - WINNERS

----------

SmartSpace Software PLC, more than doubles to 68.19 pence, 12-month range 33.25p-68.50p. The surge in share prices follows Skedda proposing to buy the Bury St Edmunds, England-based designer and builder of smart software solutions. It has offered the company 82p per share, more than double the closing price of 33.5p on Monday. The offer values SmartSpace at GBP25.0 million. Skedda comments: "Skedda is excited by a potential of a combination with SmartSpace. Skedda believes that it can provide SmartSpace with the considerable financial support and technical expertise that Skedda believes will be necessary for SmartSpace to maintain its technological advantage in a rapidly developing and increasingly competitive sector."

----------

MS International PLC, up 9.3% to 940.00p, 12-month range 420.00p-979.90p. The defence equipment manufacturer reports that revenue in the six months ended October 31 rose to GBP57.0 million from GBP42.0 million a year earlier. Pretax profit more than doubled to GBP7.7 million from GBP3.5 million. On the back of the results, MS increases interim dividend to 3p from 2p. "We believe that we have continued to enhance the performance of the group's businesses and with considerable confidence, we look forward to delivering further progress across the group," it says.

----------

AIM - LOSERS

----------

RWS Holdings PLC, down 6.4% at 231.80p, 12-month range 180.00p-417.49p. In the year ended September 30, the Buckinghamshire, England-based technology-enabled language services provider swings to a pretax loss of GBP10.9 million from a GBP83.3 million profit the year before. Says this is mainly due to impairment charges of GBP62.4 million relating to its Language & Content Technology division's cash generating units. Revenue dipped 2.1% to GBP733.8 million from GBP749.2 million a year prior. Despite this, RWS ups final dividend by 3.2% to 9.80 pence per share from 9.50p a year before, bringing its total dividend to 12.20p per share, up 3.8% from 11.75p in financial 2022. Looking ahead, RWS says trading in the current financial year has been trading in line with its expectations, adding that developments in artificial intelligence and large language models are creating growth opportunities.

----------

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
26 Apr 2024 20:02

TRADING UPDATES: Facilities by ADF profit hit by Hollywood strikes

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

Read more
18 Apr 2024 15:51

IN BRIEF: Smartspace votes in favour of Sign In Solutions takeover

Smartspace Software PLC - Bury St Edmunds, England-based developer of smart software solutions - At court and general meeting, shareholders vote in favour of GBP28.4 million takeover by Florida-based software company Sign In Solutions Inc, which was agreed and recommended by the Smartspace board last month. Shareholders vote 97% in favour of takeover at both meetings. As a result, the takeover scheme has been approved.

Read more
14 Mar 2024 14:20

Smartspace Software recommends takeover by Sign In Solutions

(Alliance News) - Smartspace Software PLC on Thursday recommended a takeover approach by Sign In Solutions Inc.

Read more
14 Mar 2024 11:20

AIM WINNERS & LOSERS: Smartspace backs Sign In bid; Abingdon jumps

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

Read more
19 Feb 2024 15:45

Skedda pulls out of bidding battle for Smartspace Software

(Alliance News) - Shares in Smartspace Software PLC on Monday fell after a potential suitor, Skedda Holdings Inc, pulled out of the running to make a bid for the company.

Read more
6 Feb 2024 19:15

TRADING UPDATES: Smartspace extends deadline; EDX launches fundraising

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
22 Jan 2024 10:21

Smartspace Software backs possible GBP26 million bid from PSG Equity

(Alliance News) - Smartspace Software PLC on Monday said it received an indicative proposal for a potential takeover offer by funds managed or advised by PSG Equity LLC, which it would recommend should a firm bid materialise.

Read more
22 Jan 2024 10:07

AIM WINNERS & LOSERS: Oriole receives samples from Mbe project

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

Read more
22 Jan 2024 08:34

LONDON MARKET OPEN: FTSE 100 follows New York into the green

(Alliance News) - Stock prices in London opened higher on Monday, propelled by gains on Wall Street at the end of last week.

Read more
22 Jan 2024 07:44

LONDON BRIEFING: S4 Capital expects client spending caution to persist

(Alliance News) - Stocks in London are called higher on Monday, following a tech-led rally in New York stock markets, which drove the S&P 500 to an all-time high.

Read more
9 Jan 2024 17:25

Smartspace Software shares fall as Skedda offer deadline extended

(Alliance News) - Smartspace Software PLC shares fell on Tuesday, after it said the deadline for a bid by Skedda Holdings Inc has been extended to February 6.

Read more
13 Dec 2023 09:54

IN BRIEF: Smartspace confirms and considers GBP25 million Skedda offer

Smartspace Software PLC - Bury St Edmunds, England-based designer and builder of smart software solutions - Notes announcement on Tuesday by Skedda Holdings Inc, a venue management software provider, regarding a possible cash offer for its entire share capital at 82 pence per share. This values Smartspace at GBP25.0 million. Smartspace confirms receipt of the offer, saying it previously rejected another approach at a lower price. Board is considering the proposal with its advisers, and Smartspace continues to consult with its major shareholders. Skedda must now announce its firm intention to make an offer or decline to do so by January 9.

Read more
12 Dec 2023 11:55

LONDON MARKET MIDDAY: FTSE 100 up as investors shake off US CPI nerves

(Alliance News) - The FTSE 100 in London were higher at midday Tuesday, despite investors cautiously eyeing a trio of interest rate decisions, as well as a US inflation reading on Tuesday afternoon.

Read more
12 Dec 2023 11:54

IN BRIEF: React Group hires new finance chief from end of January

React Group PLC - Birmingham, England-based cleaning, hygiene and decontamination firm - Appoints Spencer Dredge as chief financial officer, effective at the end of January. Incumbent CFO Andrea Pankhurst will step down from the board at this time and assume the part-time role of finance director within the company. Dredge joins from AIM-listed SmartSpace Software PLC, which he joined in March 2015 as CFO before becoming chief operating officer.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.