Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTavistock Share News (TAVI)

Share Price Information for Tavistock (TAVI)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 3.40
Bid: 3.30
Ask: 3.50
Change: -0.15 (-4.23%)
Spread: 0.20 (6.061%)
Open: 3.55
High: 3.40
Low: 3.30
Prev. Close: 3.55
TAVI 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: SDX Energy receives gas prepayment from Citic

Thu, 05th Oct 2023 10:16

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

----------

AIM - WINNERS

----------

SDX Energy PLC, up 17% at 4.38 pence, 12-month range 3.50p-9.50p. The North-Africa focused oil and gas firm receives a gas prepayment amount of around USD1.9 million from Citic Group subsidiary. Says prepayment is evidence of "deepening partnership" between the two parties. Citic Dicastal is SDX's largest offtaker, and has an "increasing and immediate" demand for its gas. Will use funds to pay for drilling of KSR-21 well in Morocco.

----------

Tavistock Investments PLC, up 9.3% at 5.19p, 12-month range 4.25p-9.50p. The investment manager says trading in the first five months of its financial year, which ends March 31, is "significantly" ahead of the equivalent period last year. Gross revenue rises 19% to GBP17.2 million from GBP14.5 million a year prior, and gross margin increases by 40% to GBP6.7 million from GBP4.8 million. Tavistock also posts earnings before interest, tax, depreciation and amortisation of GBP1.6 million, swinging from a loss of GBP140,000.

----------

AIM - LOSERS

----------

MaxCyte Inc, down 20% at 198.90p, 12-month range 170p-650.00p. The cell engineering-focused provider of platform technologies shares a disappointing third-quarter update. Says total revenue will fall between 25% and 27% year-on-year to between USD7.8 and USD8.0 million. Core business revenue is expected to fall between 33% and 35%. It now expects annual revenue to be between USD34 and USD36 million, which would be down from USD44.3 million in 2022. This is due to the "ongoing volatility in customer activity in the life science tools sector", which it attributes to the depressed funding environment within Cell & Gene Therapy sector. MaxCyte had been guiding for annual growth of 21% to 26% back in March, before cutting the range to 8% to 12% in May.

----------

Helium One Global Ltd, down 19% at 4.05p, 12-month range 3.90p-10.30p. The Tanzania-focused helium explorer reports a setback in the drilling of the Tai-3 well. Says late Wednesday, its Predator 220 drilling rig suffered a component failure within the main rig carrier. "In order to undertake the necessary repairs, mechanical parts will need to be brought in from outside of Tanzania and, as a result, will require us to temporarily suspend operations whilst these repairs are carried out," it explains. Expects it to take around two weeks to source the needed parts and repair the rig. It then expects to recommence drilling in accordance with its original programme.

----------

By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
27 Sep 2019 13:28

Tavistock Trades In Line With Expectations; Secures GBP600,000 Loan

Tavistock Trades In Line With Expectations; Secures GBP600,000 Loan

Read more
27 Sep 2019 10:24

Tavistock secures loan from directors, trades in line with expectations

(Sharecast News) - Wealth management firm Tavistock Investments said on Friday that it had secured a loan from chief investment officer Christopher Peel and two other directors as it looks to meet increased regulatory capital requirements.

Read more
30 May 2019 12:21

Tavistock Investments Ends Lighthouse Alliance Amid Quilter Takeover

LONDON (Alliance News) - Tavistock Investments PLC said Thursday it had terminated its strategic alliance with Lighthouse Group PLC because of the GBP46 million acquisition of the Lighthouse by in

Read more
14 Feb 2019 10:56

Tavistock Investments Shares Drop As It Cuts Growth Expectations

LONDON (Alliance News) - Shares in Tavistock Investments PLC fell on Thursday as the company guided for its annual growth to be lower than expected.Shares in the financial advice and firm a

Read more
14 Feb 2019 10:31

Tavistock Investments falls short on earnings

(Sharecast News) - Fund manager Tavistock Investments warned investors on Thursday that results for its current trading year looked set to be "lower than previously anticipated".

Read more
23 Dec 2016 12:40

Tavistock Investments revenue up marginally in first half

(ShareCast News) - Tavistock Investments posted its unaudited interim results for the six months to 30 September on Friday, with gross revenues of £16.91m, improving from £15.96m a year ago. The AIM-traded firm reported adjusted EBITDA of £0.11m, swinging from a loss of £0.06m, with depreciation and

Read more
23 Nov 2016 09:01

Tavistock Investments to raise £2.1m to fund Price Bailey acquisition

(ShareCast News) - Tavistock Investments has agreed to acquire financial advisory firm Price Bailey Financial Services, though its shares were sent south on Wednesday by news that it plans to fund the purchase with a discounted £2.1m fundraising. The AIM-listed company will place 70m shares sold at

Read more
23 Nov 2016 08:32

Tavistock Launches Discounted Placing To Finance Acquisition (ALLISS)

Read more
5 Jul 2016 12:43

Tavistock Investments' shares surge after FY results

(ShareCast News) - Shares in Tavistock Investments are up almost 13% after it posted a wider full-year pre-tax loss of £2.8m, from a year-earlier loss of £0.98m, accompanied with an encouraging outlook. "As approximately 75% of the Group's net revenues are represented by recurring income, future per

Read more
5 Jul 2016 09:44

Tavistock Posts Annual Revenue GBP10.0 Million Ahead Of Expectations

Read more
10 May 2016 09:37

WINNERS & LOSERS SUMMARY: Paguanta Mine Sale Buys Herencia More Time

Read more
10 May 2016 08:17

Tavistock Commits To Dividend Plan After Strong Second Half

Read more
21 Mar 2016 10:45

WINNERS & LOSERS SUMMARY: Hexion Acquisition Sends Synthomer Higher

Read more
21 Mar 2016 09:50

Tavistock Investments To Buy Abacus For GBP5.2 Million (ALLISS)

Read more
26 Nov 2015 08:58

Tavistock Investments First-Half Pretax Loss Widens

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.