The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTekCapital Share News (TEK)

Share Price Information for TekCapital (TEK)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 8.15
Bid: 7.80
Ask: 8.50
Change: 0.00 (0.00%)
Spread: 0.70 (8.974%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 8.15
TEK 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: Hurricane Energy shares rise on swing to profit

Thu, 14th Oct 2021 10:49

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

----------

AIM - WINNERS

----------

Oracle Power PLC, up 31% at 0.48 pence, 12-month range 0.3p-0.75p. Receives conversion notice in respect of the final GBP200,000 of GBP1.5 million share subscription announced in July. Following this conversion notice, share subscription agreement has been settled in full.

----------

Hurricane Energy PLC, up 13% at 4.65p, 12-month range 0.59p-5.43p. Swings to pretax profit of USD42.9 million for first half of 2021 from loss of USD258.5 million a year prior. Improvement driven by a USD49.1 million gain on revision of lease term, while it records no hit from oil and gas assets impairment after blow of USD238.9 million a year ago. Chief Executive Antony Maris says: "Recent stronger oil prices combined with the impact of the bond buyback, internal cost cutting, and other cost reduction measures, has brought the possibility of bridging the funding gap for the repayment of the bonds within reach. However, the challenge of funding investment in our assets remains."

----------

Tekcapital PLC, up 9.8% at 30.2p, 12-month range 8p-34p. Notes US Food & Drug Administration releases voluntary sodium reduction goals for the food industry, which it sees as a positive for Salarius's business-to-business sales of MicroSalt and retail sales of SaltMe! crisps. Tekcapital owns 97% of Salarius Ltd and 87% of MicroSalt Inc, its US subsidiary. MicroSalt's patented sodium microparticle creates a salt taste with around half the sodium. "MicroSalt as a brand could be viewed as a timely, nationwide solution, to help food companies meet these guidelines without sacrificing the full-flavour of their snack foods, which is key to their successful on-going sales," notes Tekcapital.

----------

AIM - LOSERS

----------

Reabold Resources, down 7.3% at 0.16p, 12-month range 0.15p-0.87p. Extends losses after 15% fall on Wednesday. On Wednesday says: "Gas and light oil/condensate were recovered to surface from the WNA-2 and WNB-1z wells, although sustained flow rates were not achieved, and multiple samples have been gathered for geochemical analysis which is currently underway." Reabold holds 56% interest in West Newton field and 16.7% direct licence interest in PEDL183 which contains West Newton A-1 discovery well and WNA-2 appraisal well. Shares in Union Jack, which has 16.7% interest in licence, falls 4.9% on Thursday after 6.4% decline on Wednesday.

----------

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
26 Apr 2024 09:00

Tekcapital's Innovative Eyewear enters deal with New Look Vision

(Sharecast News) - Intellectual property investor Tekcapital announced on Friday that its investee Innovative Eyewear, the developer of ChatGPT-enabled smart eyewear under various brands, was launching its 'Lucyd' smart frames in 10 selected New Look Vision Group stores across Quebec and at New Look's online store.

Read more
25 Apr 2024 16:00

EARNINGS AND TRADING: ECO Animal revenue up; Zephyr starts drilling

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

Read more
18 Apr 2024 11:44

Tekcapital firm Innovative Eyewear hires Micah Richards as brand rep

(Alliance News) - Tekcapital PLC on Thursday said its portfolio company Innovative Eyewear Inc has appointed pundit and former Premier League footballer Micah Richards as a brand ambassador.

Read more
17 Apr 2024 11:15

Tekcapital's Innovative Eyewear inks deal with US firm

(Sharecast News) - Intellectual property investor Tekcapital announced a fresh development from its portfolio company Innovative Eyewear on Wednesday, as the latter launched a strategic partnership with Windsor Eyes, a prominent eyewear manufacturing and distribution firm.

Read more
17 Apr 2024 11:07

Tekcapital says Innovative Eyewear strikes deal for US distribution

(Alliance News) - Tekcapital PLC on Wednesday said its portfolio company, Innovative Eyewear Inc, has secured a new partnership deal with Windsor Eyes Inc.

Read more
5 Apr 2024 14:25

Tekcapital investee partners with autonomous vehicle developer

(Alliance News) - Tekcapital PLC on Friday said that technology developed by its portfolio company, Guident Ltd, will be used in autonomous vehicles built by Talinn-Estonia-based AuVe Tech OU.

Read more
5 Apr 2024 13:07

Tekcapital upbeat on progress at investee company Guident

(Sharecast News) - Tekcapital updated the market on its investee company Guident on Friday, as the latter incorporated its remote monitoring and control (RMCC) technology into the MiCa autonomous shuttle being developed by Auve Tech.

Read more
29 Feb 2024 14:20

Tekcapital raises GBP2 million through placing and subscription

(Alliance News) - Tekcapital PLC on Thursday said it has raised GBP2.0 million through a placing and subscription of shares.

Read more
19 Feb 2024 18:57

TRADING UPDATES: Coro seals sale terms, Powerhouse makes good progress

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

Read more
15 Feb 2024 16:02

TRADING UPDATES: Diversified Energy offers dividend alternative

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

Read more
15 Feb 2024 14:48

Takcapital investee Guident inks partnership with AuVe Tech

(Sharecast News) - Tekcapital announced on Thursday that its autonomous vehicle technology investee Guident had inked a strategic partnership with AuVe Tech, an Estonian company specialising in autonomous transportation systems.

Read more
1 Feb 2024 14:10

UPDATE: MicroSalt shares jump after IPO but investor Tekcapital falls

(Alliance News) - Tekcapital PLC on Thursday said its investee MicroSalt PLC has commenced trading on AIM, with the low-sodium salt producer also celebrating a successful fundraise.

Read more
1 Feb 2024 11:39

Tekcapital shares fall but "excited" as MicroSalt completes IPO

(Alliance News) - Tekcapital PLC on Thursday said its investee MicroSalt PLC has commenced trading on AIM, with the low-sodium salt producer also celebrating a successful fundraise.

Read more
29 Jan 2024 11:20

IN BRIEF: Tekcapital investee MicroSalt to IPO this week

MicroSalt PLC - London-based developer of manufacturing process that produces a salt crystal about 100 times smaller than traditional salt, providing saltiness with lower sodium - Expects to make its initial public offering on London's AIM market on Thursday, with an expected market capitalisation of GBP18.5 million and issued share price of 43 pence. Tekcapital PLC, a London-based intellectual property investor, holds an 87% stake in MicroSalt and 92% in its US subsidiary MicroSalt Inc.

Read more
24 Jan 2024 12:47

IN BRIEF: Tekcapital raises GBP570,000 via sale of Belluscura shares

Tekcapital PLC - London-based intellectual property investor - Sells 3.5 million shares in AIM-listed medical device developer Belluscura PLC at a price of 16.15 pence each, raising GBP565,250. Following the share sale, Tekcapital owns 7.7% of Belluscura.

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.