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Pin to quick picksTanfield Share News (TAN)

Share Price Information for Tanfield (TAN)

London Stock Exchange
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Share Price: 3.76
Bid: 3.60
Ask: 3.92
Change: 0.00 (0.00%)
Spread: 0.32 (8.889%)
Open: 3.76
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Low: 0.00
Prev. Close: 3.76
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AIM WINNERS & LOSERS: Omega Diagnostics falls; Venture Life sales up

Mon, 31st Jan 2022 10:55

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

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AIM - WINNERS

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Venture Life Group PLC, up 28% at 48.00 pence, 12-month range 27.00p-105.00p. The maker of self-care products expects to report a revenue rise of 8.3% to GBP32.6 million in 2021 from GBP30.1 million in 2020. Revenue increased by 35% to GBP18.7 million in the second half from GBP13.9 million in the first half. The Berkshire-based company develops products such as Dentyl mouthwash and Rosa Calma rosacea treatment range.

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Next Fifteen Communications Group PLC, up 12% at 1,215.00 pence, 12-month range 600.00p-1,350.00p. The media and marketing firm says revenue surges 34% in both the fourth quarter and the full year, which concludes on Monday. Results are ahead of market expectations and set up Next Fifteen for a "positive start to our new financial year", despite tough comparatives.

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AIM - LOSERS

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Omega Diagnostics Group PLC, down 26% at 7.86p, 12-month range 6.75p-117.98p. The Alva, Scotland-based medical diagnostics company confirms it is in talks with investors over a possible equity raise, following "recent online speculation". Omega says any cash raise will come at a discount but adds there is "no immediate need to raise additional capital". Shares hit the 12-month low on Monday.

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Tanfield Group PLC, down 10% at 2.02p, 12-month range 1.90p-3.96p. The investment firm says a delay by investee Snorkel in producing documents in US legal proceedings means a trial will be delayed. The US trial window is not expected to begin until August at the earliest. Back in October 2019, Tanfield said both Snorkel and and SKL Holdings LLC filed a summons and complaint against Tanfield. Tanfield has a 49% stake in Snorkel under its joint venture with Xtreme Manufacturing LLC. In November 2018, SKL exercised a call option for Tanfield's Snorkel interest at an option price of nothing. SKL also claimed it did not have to pay the priority amount and preferred return on the Snorkel stake. Tanfield disagreed, rejecting the call option notice's validity.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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24 Aug 2020 11:42

Tanfield Reports Widened Loss In First Half Of 2020

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10 Jul 2020 18:16

IN BRIEF: Tanfield's Snorkel Joint Venture Takes Covid-19 Hit

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10 Jul 2020 09:17

Tanfield investment Snorkel sees sales plunge amid pandemic

(Sharecast News) - Tanfield updated the market on its investment in aerial work platform company Snorkel International Holdings on Friday, reporting that its sales in the fourth quarter of 2019 were $51.3m (£40.76m) - up 7.4% year-on-year.

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21 May 2020 07:34

Tanfield Reassessing Funding Needs As Snorkel Proceedings Continue

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24 Apr 2020 17:23

Tanfield Slims Loss Amid No Biting Impairments; Expects Snorkel Growth

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3 Apr 2020 14:38

Tanfield US Litigation Case Continues But Scores Victory

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30 Mar 2020 18:16

Tanfield Group Secures Shareholder Loan To Continue Legal Battle

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12 Nov 2019 12:44

Tanfield Says Investee Snorkel Posts Sales Rise As Legal Dispute Rages

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24 Oct 2019 18:30

Tanfield To "Vigorously" Defend Its Position Against Claims

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22 Oct 2019 16:23

Snorkel And SKL File Summons And Complaint Against Tanfield

Snorkel And SKL File Summons And Complaint Against Tanfield

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21 Aug 2019 08:59

Tanfield Group's operating loss grows amid joint-venture dispute

(Sharecast News) - Tanfield Group shares dropped on Wednesday as its interim operating loss deepened due to legal costs relating to the company's interest in Snorkel International Holdings.

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12 Jul 2019 16:03

UK Shareholder Meetings Calendar - Next 7 Days

Monday 15 JulyJPMorgan European Investment TrustStaffline Group (re issue of new shares)Tuesday

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13 Jun 2019 13:34

Tanfield Loss Heavily Widened By GBP17 Million Snorkel Impairment

(Alliance News) - Tanfield Group PLC on Thursday said its loss multiplied in 2018 due to a substantial impairment on its investment in Snorkel International Holdings LLC.Tanfield's loss

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31 May 2019 11:58

Tanfield Raises GBP225,000 Via Share Placing To Cover Ongoing Expenses (ALLISS)

LONDON (Alliance News) - Tanfield Group PLC on Friday said it has raised GBP225,000 through a share placing to meet the ongoing running costs of the company.The electric vehicle company 4.5

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24 Apr 2018 13:37

Tanfield 2017 Loss Narrows On Income Rise And Lower Operating Costs

LONDON (Alliance News) - Investment firm Tanfield Group PLC said Tuesday its 2017 loss narrowed amid a rise in income and a fall in costs, as its continues to monitor its two investments.In

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