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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
TEK Live PriceLast checked at -

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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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4 Jan 2022 17:23

Tekcapital investee achieves USD750,000 crowdfunding target

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4 Jan 2022 11:28

Tekcapital investee MicroSalt closes $0.75m crowdfund

(Sharecast News) - Intellectual property investor Tekcapital announced on Tuesday that Salarius' US subsidiary MicroSalt has completed an oversubscribed Reg CF crowdfund, having achieved its goal of $0.75m.

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29 Dec 2021 09:31

IN BRIEF: Tekcapital's Salarius hires new CEO of MicroSalt arm in US

IN BRIEF: Tekcapital's Salarius hires new CEO of MicroSalt arm in US

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14 Dec 2021 21:50

IN BRIEF: Tekcapital's Lucyd files US IPO registration for subsidiary

IN BRIEF: Tekcapital's Lucyd files US IPO registration for subsidiary

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14 Dec 2021 15:44

Tekcapital portfolio subsidiary files for US IPO

(Sharecast News) - Tekcapital announced on Tuesday that Innovative Eyewear, a United States subsidiary of its portfolio company Lucyd, has filed with the US Securities and Exchange Commission (SEC) for a proposed initial public offering.

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9 Dec 2021 19:44

TRADING UPDATES: Porvair expects revenue hike; Xtract's new discovery

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5 Nov 2021 20:55

IN BRIEF: Tekcapital's Lucyd approved to sell products on Best Buy

IN BRIEF: Tekcapital's Lucyd approved to sell products on Best Buy

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3 Nov 2021 16:46

IN BRIEF: Tekcapital raises GBP3 million to develop investees

IN BRIEF: Tekcapital raises GBP3 million to develop investees

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3 Nov 2021 12:20

Tekcapital raises £3m to pour into portfolio companies

(Sharecast News) - Intellectual property investor Tekcapital has raised £3m, it announced on Wednesday, in a bid to "accelerate the growth" of its portfolio companies.

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3 Nov 2021 10:43

AIM WINNERS & LOSERS: Kodal Minerals takes full ownership of Bougouni

AIM WINNERS & LOSERS: Kodal Minerals takes full ownership of Bougouni

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19 Oct 2021 17:58

IN BRIEF: Tekcapital's Lucyd submits registration for US IPO

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14 Oct 2021 13:20

IN BRIEF: Tekcapital portfolio firm to benefit from FDA sodium goals

IN BRIEF: Tekcapital portfolio firm to benefit from FDA sodium goals

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AIM WINNERS & LOSERS: Hurricane Energy shares rise on swing to profit

AIM WINNERS & LOSERS: Hurricane Energy shares rise on swing to profit

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16 Aug 2021 14:31

IN BRIEF: Tekcapital confident of increased returns on investments

IN BRIEF: Tekcapital confident of increased returns on investments

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Tekcapital posts 'record' first half results

(Sharecast News) - Intellectual property investment company Tekcapital reported "record" first half results on Monday, with net assets increasing 56% to $51.1m (£36.88m) at period end.

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