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Pin to quick picksTekCapital Share News (TEK)

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AIM WINNERS & LOSERS: Mosman wins sacred site certificate at Amadeus

Mon, 20th Feb 2023 10:34

(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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Proteome Sciences PLC, up 32% at 4.94 pence, 12-month range 3.2p-5.35p. The drug development services provider says revenue in 2022 is estimated to have grown by 53% to GBP7.8 million from GBP5.1 million in 2021, with services seeing 42% growth. Sales, royalties and milestones attributable to TMT/TMTpro reagents are estimated to have risen 56%. Earnings before interest, tax, depreciation and amortisation are estimated at GBP2.0 million, multiplying from GBP600,000 in 2021. Looking ahead to 2023, Proteome expects further growth in reagents and strong progress in services, with over GBP1.1 million in purchase orders being carried over into the new year.

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Mosman Oil & Gas Ltd, up 11% at 0.06p, 12-month range 0.05p-0.17p. The oil explorer, developer and producer receives sacred site clearance certificate for the EP145 permit, in the highly prospective area of Amadeus Basin in central Australia. The certificate is provided from the Central Land Council. Chair John Barr says the SSCC is a "major step forward" for securing several other approvals for its seismic programme to explore the permit.

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AIM - LOSERS

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Verditek PLC, down 26% at 0.54p, 12-month change 0.5p-3.0p. The solar panels producer says it has received a notice for its distribution agreement with partner Bradclad Group to be terminated. In October, the company had said it could no longer be considered the "exclusive supplier" to a joint-venture between Bradclad and Norwegian PVC single-ply roof membrane manufacturer Protan. It said at the time it had been made aware that Bradclad was working with another manufacturer. Verditek adds on Monday: "The company has been taking steps for the recovery of sums due under the agreement."

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TekCapital PLC, down 17% at 16.8p, 12-month range 14.75p-37.8p. The intellectual property investors falls on discounted placing of 14.1 million shares at 16p each. The issue price represents a 21% discount to Friday's closing price of 20.2p. TekCapital will use the GBP2.3 million in proceeds to building inventory of MicroSalt Ltd, buy autonomous shuttles for Guident's remote control monitoring centre clients, and as working capital.

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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
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.

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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:

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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.

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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.

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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.

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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.

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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.

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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.

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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:

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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:

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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.

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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.

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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.

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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.

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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.

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