Sure Ventures Share News (SURE)

EARNINGS AND TRADING: Sure Ventures value down after VividQ fundraise

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

EARNINGS AND TRADING: Half-year loss widens at Triad as revenue falls

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

IN BRIEF: Sure Ventures net asset value declines led by forex change

Sure Ventures PLC - London-based venture capital fund - Updates on the company's investment portfolio. Says net asset value at the end of June 2023 was 115.4 pence, a 3.7% decrease from 119.81p per share reported at the end of March. "As quarters of the past have gone, the second quarter period was quiet and unchanged. The small decrease in the NAV was led by small negative FX movement and the costs & fees of running the PLC. There has been some great progress from our portfolio companies, in difficult global trading conditions and we are pleased with the direction," company says.

UK shareholder meetings calendar - next 7 days

Sure Ventures raises GBP200,000 via placing for further investments

(Alliance News) - Sure Ventures PLC on Monday said it raised GBP200,000 via a private placing of new shares to be used for further investments and general working capital purposes.

IN BRIEF: Sure Ventures net asset value falls but optimistic on AI

Sure Ventures PLC - London-based venture capital fund which invests in early-stage software companies in the rapidly growing areas of augmented reality, virtual reality, internet of things and artificial intelligence - Net asset value as at March 31 falls 7.1% annually to 119.81p from 128.91p, citing higher inflation and higher interest rates. NAV total return swings to negative 7.1% from positive 40% a year prior, but broadly is in line with expectations, firm says. Declares no dividend, unchanged. Looking ahead, Chair Perry Wilson says the portfolio construction of Fund 1 is now complete and "at the realization stage with several companies attracting interest from potential suitors". Further, Chair Wilson says company is confident that it is well placed to benefit from the surge of interest in artificial intelligence.

IN BRIEF: Sure Ventures invests EUR7 million in Sure Valley Ventures

Sure Ventures PLC - London-based venture capital fund which invests in early-stage software companies in the rapidly growing areas of augmented reality, virtual reality, internet of things and artificial intelligence - Makes EUR7 million commitment to Sure Valley Ventures Fund, representing an interest of 26%. Sure Valley has several investments across the AI, AR, VR and IoT sectors, the company says.

IN BRIEF: Sure Ventures raises GBP200,000 via placing for investment

Sure Ventures PLC - London-based venture capital fund, which invests in early-stage software companies - Raises gross proceeds of GBP200,000 via a private placing of 200,000 shares at a price of 100 pence each. Says the money will be used for further investment, follow-on investment in Sure Valley Ventures, the technology fund of Sure Valley Ventures UK Software, as well as general working capital purposes. Shares are expected to be admitted for trading on the main market of the London Stock Exchange on Friday next week. Following admission, Sure Ventures will have 6.8 million shares in issue.

Sure Ventures net asset value falls amid tough period for tech

(Alliance News) - Sure Ventures PLC on Friday said net asset value per share fell, but that it remains strong amid the wider market backdrop in the technology sector.

IN BRIEF: Sure Ventures net asset value increases 40% yearly

Sure Ventures PLC - London-based investment and venture capital company - Net asset value per share rises 40% to 128.91 pence in financial year ended March 31, from 92.06p a year ago. The company does not follow any benchmark. "The immersive technologies market has had a significant growth boost during Covid-19 (Netflix or video games for example) and augmented reality/virtual reality is no exception," firm says. Adds AR/VR market will grow to USD454.73 billion by 2030 from USD14.84 billion in 2020, citing Allied Market Research. Declares no dividend, unchanged from a year ago.

EARNINGS UPDATES: Brandshield grows revenue; Xtract loss widens

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

IN BRIEF: Sure Ventures first quarter net asset value increases

Sure Ventures PLC - London-based investment and venture capital company - Net asset value per share rises 8.9% to 128.9 pence in first quarter, from 118.3p at end of December. Notes 26%-owned Sure Valley Ventures sees NAV per share rise to EUR1.47 from EUR1.33. Pires Investments PLC notes announcement. Pires has roughly 20% interest in Sure Valley Ventures.

TRADING UPDATES: Angle US lab boost; Corcel to capitalise on nickel

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

TRADING UPDATES: Secure Trust sells debt assets; new Brickability JV

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

TRADING UPDATES: MediaZest virus hit; SpaceandPeople Network Rail deal

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