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Pin to quick picksTekCapital Share News (TEK)

Share Price Information for TekCapital (TEK)

London Stock Exchange
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Share Price: 9.65
Bid: 9.50
Ask: 9.80
Change: 0.40 (4.32%)
Spread: 0.30 (3.158%)
Open: 9.25
High: 10.00
Low: 9.45
Prev. Close: 9.25
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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.

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22 Mar 2021 14:29

Tekcapital's Lucyd signs North America distribution deal

(Sharecast News) - Technology intellectual property investment company Tekcapital said on Monday that its portfolio company Lucyd has signed a distribution agreement with D Landstrom Associates to build distribution of its 'Lyte' bluetooth smart eyewear in North America.

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22 Mar 2021 13:19

TRADING UPDATES: Mincon 2020 earnings rise; Caledonia in profit fall

TRADING UPDATES: Mincon 2020 earnings rise; Caledonia in profit fall

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18 Mar 2021 14:58

TRADING UPDATES: Mobile Streams revenue surges in first quarter

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18 Mar 2021 11:22

AIM WINNERS & LOSERS: Fevertree Drinks loses fizz on margin guidance

AIM WINNERS & LOSERS: Fevertree Drinks loses fizz on margin guidance

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8 Mar 2021 11:42

Tekcapital's Belluscura gets US FDA backing for portable oxygen device

Tekcapital's Belluscura gets US FDA backing for portable oxygen device

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8 Mar 2021 10:51

AIM WINNERS & LOSERS: Tekcapital investee gets US clearance for device

AIM WINNERS & LOSERS: Tekcapital investee gets US clearance for device

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5 Feb 2021 10:20

Takcapital investment Salarius launches crowdfunding campaign

(Sharecast News) - Intellectual property investment company Tekcapital announced on Friday that its portfolio company, Salarius, has launched an equity crowdfund for its subsidiary MicroSalt, to raise up to $0.75m (£0.55m).

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5 Feb 2021 10:05

Tekcapital Notes MicroSalt Launches USD750,000 Equity Crowdfund

Tekcapital Notes MicroSalt Launches USD750,000 Equity Crowdfund

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1 Feb 2021 09:27

Tekcapital Shares Soar In London On Additional Listing In US

Tekcapital Shares Soar In London On Additional Listing In US

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6 Jan 2021 19:05

IN BRIEF: Tekcapital's Lucyd Raises USD600,000 In Crowdfunding

IN BRIEF: Tekcapital's Lucyd Raises USD600,000 In Crowdfunding

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6 Jan 2021 10:26

Takcapital's Lucyd surpasses smart eyewear crowdfunding goal

(Sharecast News) - Tekcapital updated the market on its portfolio smart eyewear and wearable software company Lucyd on Wednesday, reporting that it had surpassed its $0.4m (£0.29m) crowdfund goal for its subsidiary Innovative Eyewear.

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3 Dec 2020 13:35

Tekcapital investment Belluscura makes 'milestone' FDA submission

(Sharecast News) - Intellectual property investment company Tekcapital announced on Thursday that its portfolio company Belluscura has submitted its 'X-PLO2R' portable oxygen concentrator for 510(k) clearance with the United States Food and Drug Administration (FDA).

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3 Dec 2020 11:11

Tekcapital's Belluscura Asks For US FDA Clearance On Oxygen Carrier

Tekcapital's Belluscura Asks For US FDA Clearance On Oxygen Carrier

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2 Dec 2020 13:42

IN BRIEF: Tekcapital Says Salarius Launches SaltMe On Amazon In US

IN BRIEF: Tekcapital Says Salarius Launches SaltMe On Amazon In US

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2 Dec 2020 08:29

Tekcapital's Salarius launches snacks in North America

(Sharecast News) - Intellectual property investor Tekcapital announced on Wednesday that portfolio company Salarius had successfully launched its 'SaltMe' snack line on Amazon in North America.

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