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Pin to quick picksTanfield Share News (TAN)

Share Price Information for Tanfield (TAN)

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Share Price: 3.70
Bid: 3.60
Ask: 3.92
Change: -0.05 (-1.31%)
Spread: 0.32 (8.889%)
Open: 3.70
High: 3.70
Low: 3.70
Prev. Close: 3.81
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TRADING UPDATES: Zephyr Energy ups revenue outlook; Cap-XX wins order

Tue, 15th Nov 2022 21:55

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

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Pressure Technologies PLC - Sheffield, England-based engineering firm - Raises gross proceeds of GBP2.3 million in a placing of 7.1 million shares and subscription for 502,292 shares at an issue price of 30 pence per share. The shares will represent approximately 20% of the enlarged share capital. "We are grateful for the support of our shareholders, demonstrated through this fundraising. This investment provides us with the short-term working capital bridge to profitable, cash-generative trading in the year ahead," Chief Executive Officer Chris Walters comments.

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International Personal Finance PLC - Leeds, England-based company which offers small, unsecured cash loans - Launches an offer of senior unsecured 12% sterling-denominated notes due 2027. Says they were issued for general corporate purposes. The new notes are available to retail investors in the UK, it adds. The new notes have a minimum initial subscription amount of GBP2,000 and are available in multiples of GBP100 thereafter. Seperately, unveils exchange offer for 7.75% unsecured sterling denominated 12% notes that are due December 12, 2027. Says that the purpose is to extend the maturity profile of part of the Issuer's debt financing. Expects the notes to be listed on the Financial Conduct Authority's Official List and admitted to trading on the electronic order book for retail bonds of the London Stock Exchange's Main Market.

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PPHE Hotel Group Ltd - Amsterdam-based hotel owner and operator - Says Non-Executive Deputy Chair Kevin McAuliffe has decided to not stand for re-election. "On behalf of the board, I wish to express my gratitude to Kevin for his dedication and service and invaluable contribution to the group over so many years, he has been an integral and valued Board member in helping the Group grow and succeed," Non-Executive Chair Eli Papouchado comments.

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Craven House Capital PLC - London-based investment firm - Says its investee company Garimon Ltd did not participate in the fundraising for Stormfjord Ltd. Says its stake in Stormfjord is 26%. Says Garimon transferred out of the www.onebas.com domain in order to facilitate further fundraising activity focused on the domain.

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Cap-XX Ltd - Sydney-based maker of ultra-thin prismatic and cylindrical supercapacitors - Says Marine Edge ordered its CAP-XX's large, powerful, liquid-cooled supercapacitor modules for its PowerEdge system installations for cargo ships. Does not disclose financial details of the order.

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Tanfield Group PLC - investment firm headquartered in Newcastle upon Tyne - Says Snorkel International Holdings LLC's sales increased "slightly" to USD42.4 million, versus USD42.2m a year before, in the third quarter of 2022. Sales for the first 9 months of 2022 stand at USD131.0 million, versus USD113.9 million a year before. Loss before interest, tax, depreciation, and amortisation amounts to USD3.1 million, compared to a loss of USD2.8m for the third quarter a year prior.

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Zephyr Energy PLC - Oil & gas exploration and development in US Rocky Mountains - Records revenue of USD9.6 million net in its third quarter, giving total revenue for the nine-months to September 30 of USD35.5 million. Operating income totals USD7.9 million, taking the income for the first nine months of 2022 to USD29.8 million. Lifts its full-year revenue forecast to USD40 million from USD45 million from USD35 million to USD40 million. Backs its full-year production forecast of 500,000 to 550,000 barrels of oil equivalent.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
24 Aug 2020 11:42

Tanfield Reports Widened Loss In First Half Of 2020

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

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

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

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

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

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

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

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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