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Pin to quick picksTanfield Share News (TAN)

Share Price Information for Tanfield (TAN)

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Share Price: 3.76
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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.

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20 May 2014 13:34

UPDATE: Tanfield To Support Smith Electric Vehicles Capital Restructuring Plan

LONDON (Alliance News) - Tanfield Group PLC Tuesday said it had decided to support the capital restructuring and listing plans of Smith Electric Vehicles US, even though the deal will dilute its shareholding in Smith. In a statement, the investment company said it had signed a deal which co

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20 May 2014 13:28

Tanfield To Support Smith Electric Vehicles Capital Restructuring Plan

LONDON (Alliance News) - Tanfield Group PLC Tuesday said it had signed a deal with Smith Electric Vehicles US which conditionally binds it to sign consents to allow Smith to raise funding up to USD30 million and to restructure the capital of the company. The news comes after Tanfield last w

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12 May 2014 09:50

Tanfield Says Smith Electric Has Finance, Potential Acquisition Deal

LONDON (Alliance News) - Tanfield Group PLC Monday said that Smith Electric Vehicles, one of the two companies it is invested in, has reached a deal which would see battery technology company Sinopoly Battery Ltd make a strategic investment in the firm, and has also signed a letter of intent with

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14 Mar 2014 16:46

STOCKS NEWS EUROPE-UK small caps close 0.5 pct lower

The FTSE small cap index and junior-listed AIM shares fall 0.5 percent and 1.2 percent respectively, underperforming the mid-caps and the blue chips, both down 0.4 percent. Amara Mining climbs 4.2 percent as it continues to receive favourable broker commentary following the preliminary ass

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14 Mar 2014 14:48

Tanfield faces dilution of 24 per cent stake in electric vehicle arm

Electric vehicle investment firm Tanfield Group is reviewing its investment strategy after news that a fundraising needed by its Smith Electric Vehicles arm could significantly dilute its stake, hitting its shares. Tanfield, which owns 24% of SEV, said SEV needed more investment to survive and to a

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14 Mar 2014 12:18

UK MIDDAY BRIEFING: London IPO Market Continues To Boom

LONDON (Alliance News) - The strong start to the year for UK initial public offerings continued Friday as Boohoo.com became the fifth UK retailer to float in 2014, conditional dealings for oil rigs company Gulf Marine Services got under way, and OneSav

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14 Mar 2014 11:04

UK WINNERS & LOSERS: Sainsbury's, Tesco Rebound From Morrisons Knock

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday.

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FTSE 100 - WINNERS

J Sainsbury, up 3.2%, and Tesco, up 0.9%. The food retai

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14 Mar 2014 09:58

Tanfield Says Snorkel, Smith Electric Vehicles Performed Well In 2013

LONDON (Alliance News) - Investing company Tanfield Group PLC Friday said its two passive investments, Snorkel International Holdings and Smith Electric Vehicles Corp, performed well during 2013, as it sold its loss-making engineering business in December. Tanfield said Snorkel, a manufactu

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25 Nov 2013 10:39

Tanfield Group Fails To Attract Buyer For Loss Making Engineering Business

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5 Nov 2013 10:58

Tanfield Executive Directors Leave, Defer Payoffs And Loan Repayment

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30 Sep 2013 12:36

Tanfield Urges Approval Over Division Disposal Following Widened Losses

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20 Sep 2013 10:51

STOCKS NEWS EUROPE-UK small cap AIM index outpaces blue-chips

The FTSE AIM All Share Index is up by 0.5 percent in mid-session trade, outperforming a flat FTSE 100 blue-chip index and a 0.2 percent dip on the FTSE 250 mid-cap index. The broader FTSE Small Caps Index slips 0.1 percent. Clear Leisure, a company whose leisure industry assets inclu

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10 Sep 2013 13:17

Tanfield Moves Forward On Sale Of Powered Access Division

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28 Jun 2013 09:05

Tanfield narrows losses but flags cash constraints

Tanfield Group reported smaller full-year losses but said it had reined in production in its final quarter to protect cash and it required additional working capital. Shares in the aerial lift manufacturer had fallen 3.58% to 22.9p by 09:58 on Friday.. The aerial lift manufacturer reported pre-tax

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20 Mar 2013 08:53

Wednesday broker round-up UPDATE

Abcam: Canaccord Genuity moves target price from 344p to 358p, but still recommends selling. Antofagasta: Jefferies cuts target price from 1350p to 1100p, while keeping a hold recommendation. ASOS: Cantor Fitzgerald raises target price from 2500p to 2900p reiterating a hold recommendation. Panmure

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